His argument that billionaires barely exist is pretty rich considering he built a career attacking trans people who are barely 1 percent of the population
1 percent of the USA would be 3.3 million people. The number might be more like 1 percent of 1 percent. Meanwhile billionaires control more than 50% of wealth.
That's a bad argument. While it's true that trans people make up about 1% of the population, that would mean there are about 33 million trans people in the US. There are about 800 billionaires. It's not comparable.
@@Starcrash6984 this a dumb argument. Your math is incorrect… use your calculator next time… But additionally, his argument is we shouldn’t make policy for such a tiny portion of the population, can you not see the hypocrisy?!
I disagree, even if you had 90% tax on income, the founders of Google, Bill Gates, Steve Jobs, Jeff Bezos would still make it to billionaire status, just from market share.
The talking point that taxing the wealth of billionaires would barely run the government for a week is a plausible sounding but BS argument. That tax money spent into the economy especially where it benefits the poorest who will necessarily spend most of it just on daily living expenses circulates in the market getting spent many times over, being effectively an economic stimulus without having to “print” more money. “Velocity of money” is correct.
@@ericy4522 unfortunately, conservatives are brought up to think that rich people are gods or kings, and you HAVE to appease them so that they'll deign to sprinkle some crumbs your way
Imagine having so much money that you could fund a government of a country with 330 million people in it for a day, let alone two weeks! That is ridiculous
But hey, raise their taxes and you’re satanically impinging on their “right” to amass (logically) every cent left on the planet. Because limiting that ability would somehow be immoral. True story…
Exactly, unless we all are millionaires, no one should be a billionaire, unless trickle down was all a lie. Yes I am being super sarcastic, of course trickle down was a lie.
@@joc.1353that’s what people who have a 12 year old understanding of how inflation works or fell for the propaganda of rich people who convinced you you just have to be poor otherwise the system collapses. Like seriously dude, go study economics before before spouting these stupid truisms.
@@joc.1353 Hmm technically our family are millionaires we inherited a House built in 1970 then in an ex-orchard by the sea… built for $50000. It is showing its age, it's an average house. We had to insure it this week for $958000 to rebuild it if it is destroyed, plus our 8-year-old Subaru and house fittings we are just short of a million. OUR BANK has a novel feature, it prints our balances either in red or in 5 figures, i.e., $600.30 ish.🥺
If billionaires are insignificant by virtue of there "only" being 700, it follows they should also have insignificant power and total proportion of wealth. But to suggest that would be to reject reality. Of course, these people never had much problem with doing that
The 1920's version of trickle-down economics is what brought about the Great Depression. FDR raised taxes on the rich to create jobs and fix the problem.
Have you no shame, sir! Do you not know how much suffering they undergo having been born very wealthy and gambling their money intelligently/luckily in the right investments? They will NEVER be able to pick themselves up by the bootstraps if we tax them fairly.
If you’re making 600k a year on just income you damn well better be a millionaire. Wtf is he saying it feels like he thinks the irs taxes 600k net worth.
Matt Walsh has made an entire career out of protecting the powerful and persecuting (and even directly endangering) the powerless. Calling him immoral is an understatement.
depending in your spending patterns. most normal people could become a millionaire within 5 or 10 yrs after reasonable living costs and taxes i belueve
I'm 37. Ever since I was a kid, my parents always said the same thing, "the system was deliberately broken by the greedy and corrupt so that the rich get richer, the poor stay poor, and the middle class shrinks paying for them both while making less and less." With all of it, when the punishment for crimes is a fine, it's a punishment only meant to keep the poor in line. The rich can commit crimes and pay pocket change as a punishment for the millions they make without life-changing consequences, while the non-wealthy can lose everything and remain trapped in a life of debt and struggle. The law should be changed so that fines are determined based on your income, wealth, and detrimental consequences to others from your actions. Otherwise, fines are just to ruin poor people.
There is nothing that I have come to believe more than this. In Los Angeles a speeding ticket is around $500. To the well off that is nothing. To someone working minimum wage that can really fuck things up.
Exactly. Scale fines to be proportional to the amount of wealth you have. If it’s $500 for someone with approximately $100K, then it should be probably $100 mil or more for someone like Elon.
If it wasn't for the government built and maintained roads, electricity, Internet etc. Bazos would not have made $1, he should be thanking the government for ever cent they let him take.
I heard tr**p make a threat, "You have a nice economy there, it's a shame something should happen to it, if you tax the rich". "Tax the rich and they will leave your city" is a threat. "We have your banking system held hostage". He claimed, "No incentive". At the same time making a threat of our incentive - "tax the rich and they will leave". The billionaire's space walking is a necessary evil.
"tax the rich and they will leave your city" is a threat. "You have a nice economy there, it's a shame something should happen to it." Because the rich have our banking system held hostage to be pampered with a space walk, AKA racketeering, AKA trickle down economics
You are a poor listener, "Tax the rich and your economy will collapse" is a threat. "You have a real nice economy there, it's a shame something should happen to it."
@@noel7777noel Like the one's running the longshore companies... at the end of the day, they _need_ the consumer and the worker. _They_ are in fact replaceable, now more than ever. Most of these folks are no Fords or Rockefellers, except in the most useless, counterproductive, and awful ways.
I don't remember the tax rate being particularly high in 1929, however I do remember the way the US got out of the great depression was by increasing tax.
It’s almost as if everything Republicans have said about tax and economic policy for the last 50 years has been complete BS. Including the part about how GOPers have made government “smaller” by decreasing regs and increasing the police and surveillance state…
@@Alex-cw3rz can you explain to my why that is? I understand roosevelt and the government took tremendous action regarding the economy during that period of time but whenever I look it up it getting out of the recession gets credited to the war.
@@spr6577the New Deal stopped the bleeding of the Great Depression and put the nation in a position to recover from it. However, it wasn't enough to forestall the recession of 1937. With the country's entry into WW2, and the military Keynesianism that went with it, the US was able to power it's way out of the Great Depression. What's important here is that Keynesianism, of any sort, is the economic back drop of the New Deal. And was the country's economic paradigm until the 70s. A period without catastrophic economic down turns unlike the "horse and sparrow" capitalism that preceded it.
@@scifirealism5943 not by a long shot. youre waaaaay off. the top 10% own more that 70% of the wealth but only pay 24% of the taxes. not even including the way corporations tilt the field
lol I thought the exact same thing when I read it. We all know how Matt Walsh feels about 14 year old girls, and I guarantee anyone who talks about something like that so openly, privately likes them about a decade younger too.
ITS NOT FAR TOO MUCH its my competence which helped me to get this money no privilege or gifts and its my wish how to use it which is obv not taxes which are eventually used to help illegal immigrants
@@newboysrivastava yes it is taxes don't go to immigrants moron they go to government services, you are not so competent, thus by your own metric, aren't a billionaire SIT THE FUCK DOWN, WHORESON
Did he really just say billionaires get screwed MORE by the system (THAT THEY CREATED) than everyone else?!?!?!?! People that unironically watch the Daily Wire shouldnt be allowed to vote, or even leave their home until theyve watched their state mandated hour of Majority Report every day. After 2 years of that they can take a test to determine if they are competent enough to vote.
And think of what Matt Walsh does to make that money. He just lectures people he thinks are beneath him and avoids his children. That's when he's not making "movies" based entirely on his raging bigotry and weird ideas about gender. HE WORKS SO HARD YOU GUYS. Nobody hates as hard as Matt Walsh, he deserves a break. Dude's brain is so broken he's actually whining to people who don't make the amount of money he makes on one video lecturing people for having the sheer audacity to take a sick day when they're sick that it's unfair how he should be expected to pay his fair share. He should get to keep that and all of us should have to pay his share. Disgusting.
Google says the 760 billionaires in the US have a combined wealth of $6.22 trillion. $16 billion a day * 365.25 = $5.844 trillion. So, if all the money in the government disappeared today, and we taxed the rich at 100% of their wealth, it would fund the government for over a year, according to Mr. Walsh's numbers...
So lets say you only taxe 50% of their wealth because you don't want to make Matt Walsh sad. You can finance all budget of the richest country in the world for more than 6 month, and the poorest of the poorest people taxed in the process is a poor dude with... 500 millions dollars. Seems fine to me, so sad conservatives never actually do the maths that they pretend proves them right, they just confusely throw numbers and claims ^^
If we as a society have made the evaluation that “beneficial” organizations like churches and charities should pay no taxes, then there should be an opposite end of the spectrum where extremist propaganda outlets like daily wire are heavily taxed. Every penny matt Walsh makes over 200k should be taxed at 80-90 percent as far as I’m concerned
Something I looked up recently - Another key point that's rarely pointed out, although there are *only* about 700 billionaires in the country, a tiny .000002 % of the population...what's the estimated total wealth that all billionaires own? About 6 trillion dollars....
The LSE recently did a study that showed that, low tax does not attract the wealthy. A nice place to live does. An example of this is 1960s Britain a world leader in culture and arts. Streets were clean etc. And lots of rich people flocked to live in the UK. When the top rate of tax was 97%, now the actual tax rate was of course lower, but still double to triple what the actual top rate collected today is. Just think as well thebgovernment subsidised research brought things like the vertical take of and landing Harrier and the supersonic airliner Concorde.
The threat that the rich will leave has always been an empty one to scare us into giving them free money. The truth is they don’t even realize how much they spend on their dailies that tax breaks will barely be noticed except by their huge businesses. The wealthy make vast sums off stocks and such. Giving them a few million off on 4/15 just means they have a few extra bucks to fund something to kick small business of Main St.
8:36 Does Matt not realize the pure insanity of the idea that in HIS OWN hypothetical scenario the wealth of ONE person could fund the operations of the most expensive country to ever exist for 2 weeks? The idea that ONE person could accumulate that much wealth is WILD.
They get screwed, eh? The infrastructure helps them move their product, the education system is dictated no longer by civil values, but by career skills, the military protects international trade, etc.
Let’s enjoy for a moment the fact that he wasn’t spending time immediately calling for the genocide of the LGBTQIA+ community under the notion that the mere existence of such people is supposedly a direct, criminal attack on Matt and his kids.
Billionaires in the US are worth somewhere between 5 and 6 trillion dollars. In comparison, the US economy is around 28 trillion dollars. Their wealth does not seem negligible even if it is only based on 700 people. What a weird argument.
"If we ever touch billionaires, they'll just leave" so like, doesn't that mean they're basically our kings now? Because we can NEVER touch them at risk of them leaving.
“They leave the country” isn’t a ringing endorsement for America being the greatest country because of freedoms. Sounds like maybe they think America is the best NOT because of our values and freedoms but because our country has more ways to get around paying taxes when you’re rich. Or getting more loans. Or loans forgiven.
Lol I love this argument "If we raise taxes then all the psychopaths who benefited from paying nothing will leave! Oh no! Look, the boat full of psychopaths is going over the horizon, noooo!" But if you're Matt Walsh, a billionaire tax dodger is a "job creator" and not a merciless psychopath who belongs in a cell.
@sophiepooks2174 It must be a weird feeling to have money just sitting around that you...dont have to use. Like, it's just sitting there. Waiting. Staring at me... I guess I'll go get something to ea.... oh nevermind the water bill came out. False alarm.
the whole "the rich pay more" arguement is ignorant af. the amount they have to pay is more than you sure. but do you want to pay 1 cent per dollar like the rich or continue to pay 5 cents per dollar like you already are kuz id like to either pay 1 cent or have the rich pay the 5 cents like the rest of us
MP missed an opportunity by not discussing Modern Monetary Theory (MMT). Walsh is correct. Merely taxing billionaires is insufficient for covering federal government spending, that doesn't mean they shouldn't be taxed. In fact, no one should be allowed to amass that much wealth. MMT helps us to understand governments have unlimited money for spending, provided they back it with jobs and resources. Taxes don't pay for spending. The gov spends first and then taxes back in partly to control inflation. Last year, the government spent $6.1 trillion into the economy and taxed back in $4.47 trillion. $1.63 trillion was left circulating in the private sector, no but significant portion of that gets concentrated to wealthy people and corporations. The discussion should have focused on reducing taxes for the working class and increasing spending on universal needs and services, such as universal Medicare, childcare, housing college education, etc.
Which is why we're not the ones that should have our taxes raised. It should be equal if not more for those of us that make more. Right now the wealthy of this country pay less by percentage than we do.
Being poor is a lot more expensive than being wealthy. For yourself, food is something you have to likely make tough decisions on. For the likes of MAP Walsh, it's just either an inconvenient trip to the store for his wife, or they just have it all delivered.
Good points. Billionaires are obviously a massively important question. But what's always seemingly left out in these discussions are multi-millionaires. Most of us can't even imagine a salary of 100,000 bucks, let alone hundreds of thousands, a million, 10 million..let alone hundreds of millions. Those are also major groups of people who need to be massively taxed, along with the billionaires.
Matt Walsh is talking to his low educated "audience" and telling them woe is me. I'm rich and i dont think its fair that i have to pay a little more which i can afford. They lap it up. Get these people an education.
If there are only 750 billionaires in America and we know at least a few of them are valued in the tens of billions, then that's most of the way to $1 trillion. That's around 3% of the us economy. Controlled by 0.0002% of the population. Let that sink in.
Claiming to make 600k while not being a millionaire is straight up a skill issue. With that much I'd own my own house and a new car outright with zero personal debt in the first year. In two more years minus expenses, utilities, and property taxes you'd be a millionaire. Just don't spend lavishly but of course these guys are always victims of conspicuous consumption
for what its worth in toronto ontario canada the average cost of a single detatched home in toronto us about 1.75 million dollars. income median is about $55k per person
@@peterrobinson1041 why would I buy an unattached house in the city limits of Toronto? This goes to my point about not spending lavishly. Unattached houses inside major cities are a blight on urban development and mostly a scam. If I want an unattached house I'll live in the country. I prefer medium density housing anyway
I had a small student debt in the UK of about £5000. Small print: you don't need to pay it back until you are earning over a certain threshold. Small print again : insane apr. It's now at £16000! I was shocked as I'd been paying it back automatically through my payroll. Spoke to someone from the student loan company who said although it's technically legal there are people looking at these things being 'miss-sold' to students because let's be fair she said, students are not really reading the small print. So I was like is there a way to cancel these things through a miss-sold PPI like approach? She was like they tried but there's no political will for it. Nuts!
I love in Matt walsch’s argument about taxing individual billionaires “entire net worth” the businesses that make a recurring amount of money every year is left out. Most of the billionaires money is in speculative stock options.
A multi millionaire who pays 40% of their income is still extremely wealthy and would have no trouble supporting themselves. A school teacher paying a much lower tax rate is still not making much money and may struggle to stay afloat. That is why is okay to tax the rich at much higher rates: they have the money to be taxed and it doesn’t actually harm their ability to live.
should check out kingston, NY and the whole "buffet bucks" thing to support the local community. its something that probably should be done everywhere to support local businesses, just curious how they make it work
Based on his logic, we would be able to fund the government for the next 700 weeks by taxing less than 0.01% of the population in a single year. Everyone else wouldn't need to pay taxes at all. Sounds pretty efficient to me 👍
The whole "rich people and companies will leave" makes about as much sense as a threat as "they're coming for your guns". If it was going to happen, wouldn't it have haapened by now?
Sweden has twice as many and taxes them like all Swedes In Forbes 2024 Rich List, 43 Swedes were worth $1 billion or more. For a country with just 10 million people, that meant four per million were billionaires. (The U.S. has two per million
40% of $600,000 is $240,000 that leaves $360,000. 40% of $40,000 is $16,000 that leaves $24,000. The average rent on a two bedroom apartment is $1300 a month or $15,600 a year. So after a roof over your head you're left $8,400 to pay for everything else. Matt Walsh doesn't see a problem with that?
His argument that billionaires barely exist is pretty rich considering he built a career attacking trans people who are barely 1 percent of the population
1 percent of the USA would be 3.3 million people. The number might be more like 1 percent of 1 percent.
Meanwhile billionaires control more than 50% of wealth.
That's a bad argument. While it's true that trans people make up about 1% of the population, that would mean there are about 33 million trans people in the US. There are about 800 billionaires. It's not comparable.
@@Starcrash6984 this a dumb argument. Your math is incorrect… use your calculator next time…
But additionally, his argument is we shouldn’t make policy for such a tiny portion of the population, can you not see the hypocrisy?!
Billionaires have power and trans people don't, so it's easy to attack one and not the other.
it's WAY LESS than 1%
and EXCELLENT point
If the billionaires are a “drop in the bucket”, then it wouldn’t be a big deal to tax them. So let’s tax them even more
I disagree, even if you had 90% tax on income, the founders of Google, Bill Gates, Steve Jobs, Jeff Bezos would still make it to billionaire status, just from market share.
@@audenharper3014 So it wouldn't even impact them? Great, let's do it now!
The talking point that taxing the wealth of billionaires would barely run the government for a week is a plausible sounding but BS argument. That tax money spent into the economy especially where it benefits the poorest who will necessarily spend most of it just on daily living expenses circulates in the market getting spent many times over, being effectively an economic stimulus without having to “print” more money.
“Velocity of money” is correct.
@@ericy4522 unfortunately, conservatives are brought up to think that rich people are gods or kings, and you HAVE to appease them so that they'll deign to sprinkle some crumbs your way
90 PERCENT.
90 PERCENT.
90 PERCENT.
Imagine having so much money that you could fund a government of a country with 330 million people in it for a day, let alone two weeks! That is ridiculous
I was just thinking that
But hey, raise their taxes and you’re satanically impinging on their “right” to amass (logically) every cent left on the planet. Because limiting that ability would somehow be immoral. True story…
Yep, billionaires shouldn't exist at all because of that fact.
Now imagine 700 of those people.
But of course, Matt Walsh won't talk about that. It's just 700 people, what can they do?? /s
330 million people and the most expensive military in the entire world without a close second
"There are only 700 billionaires." That's 700 too many.
Exactly, unless we all are millionaires, no one should be a billionaire, unless trickle down was all a lie. Yes I am being super sarcastic, of course trickle down was a lie.
@@mr.sharpie2206everyone can be a millionaire, if it’s a 1000 dollars for a loaf of bread
@@joc.1353that’s what people who have a 12 year old understanding of how inflation works or fell for the propaganda of rich people who convinced you you just have to be poor otherwise the system collapses. Like seriously dude, go study economics before before spouting these stupid truisms.
@@joc.1353 Hmm technically our family are millionaires we inherited a House built in 1970 then in an ex-orchard by the sea… built for $50000. It is showing its age, it's an average house. We had to insure it this week for $958000 to rebuild it if it is destroyed, plus our 8-year-old Subaru and house fittings we are just short of a million. OUR BANK has a novel feature, it prints our balances either in red or in 5 figures, i.e., $600.30 ish.🥺
If billionaires are insignificant by virtue of there "only" being 700, it follows they should also have insignificant power and total proportion of wealth. But to suggest that would be to reject reality. Of course, these people never had much problem with doing that
Great. Matt Walsh appeared on my screen and I reflexively punched a hole through my laptop.
You hate the truth? Cuck.
Valid.
The 1920's version of trickle-down economics is what brought about the Great Depression. FDR raised taxes on the rich to create jobs and fix the problem.
FDR and Eisenhower
Pity the poor, poor billionaires.
Have you no shame, sir! Do you not know how much suffering they undergo having been born very wealthy and gambling their money intelligently/luckily in the right investments? They will NEVER be able to pick themselves up by the bootstraps if we tax them fairly.
If you’re making 600k a year on just income you damn well better be a millionaire. Wtf is he saying it feels like he thinks the irs taxes 600k net worth.
Matt Walsh has made an entire career out of protecting the powerful and persecuting (and even directly endangering) the powerless. Calling him immoral is an understatement.
Pays pretty well
How do you make 600k a year and not become a millionnaire
Exactly
Boats arent free! Horseback riding lessons arent free yknow, they have to empty their coffers just to pay a damn bribe and bribes arent free!
Right? How embarrassing.
depending in your spending patterns. most normal people could become a millionaire within 5 or 10 yrs after reasonable living costs and taxes i belueve
on a 600k yearly income
I'm 37. Ever since I was a kid, my parents always said the same thing, "the system was deliberately broken by the greedy and corrupt so that the rich get richer, the poor stay poor, and the middle class shrinks paying for them both while making less and less."
With all of it, when the punishment for crimes is a fine, it's a punishment only meant to keep the poor in line. The rich can commit crimes and pay pocket change as a punishment for the millions they make without life-changing consequences, while the non-wealthy can lose everything and remain trapped in a life of debt and struggle.
The law should be changed so that fines are determined based on your income, wealth, and detrimental consequences to others from your actions. Otherwise, fines are just to ruin poor people.
There is nothing that I have come to believe more than this. In Los Angeles a speeding ticket is around $500. To the well off that is nothing. To someone working minimum wage that can really fuck things up.
Exactly. Scale fines to be proportional to the amount of wealth you have. If it’s $500 for someone with approximately $100K, then it should be probably $100 mil or more for someone like Elon.
If it wasn't for the government built and maintained roads, electricity, Internet etc. Bazos would not have made $1, he should be thanking the government for ever cent they let him take.
I’m so sure he does, he just doesn’t know where to send the thank-you note…. /s
I heard tr**p make a threat, "You have a nice economy there, it's a shame something should happen to it, if you tax the rich".
"Tax the rich and they will leave your city" is a threat. "We have your banking system held hostage".
He claimed, "No incentive". At the same time making a threat of our incentive - "tax the rich and they will leave".
The billionaire's space walking is a necessary evil.
"tax the rich and they will leave your city" is a threat. "You have a nice economy there, it's a shame something should happen to it."
Because the rich have our banking system held hostage to be pampered with a space walk, AKA racketeering, AKA trickle down economics
You are a poor listener, "Tax the rich and your economy will collapse" is a threat.
"You have a real nice economy there, it's a shame something should happen to it."
@@noel7777noel Like the one's running the longshore companies... at the end of the day, they _need_ the consumer and the worker. _They_ are in fact replaceable, now more than ever. Most of these folks are no Fords or Rockefellers, except in the most useless, counterproductive, and awful ways.
So 700 billioners are insignificant to Walshy... but 20 something trans people wanting to do sports, that's significant to Walshy
There were zero trans athletes in the last Olympics.
@@pranays Really? That's not what J.K. Rowling and Elon Musk told me. /s
Rowling is correct!
@@Abefroman-lq3md she isn't, there were none, but hey, don't let the truth get in the way of your propaganda, right?
lolikr
I don't remember the tax rate being particularly high in 1929, however I do remember the way the US got out of the great depression was by increasing tax.
It’s almost as if everything Republicans have said about tax and economic policy for the last 50 years has been complete BS. Including the part about how GOPers have made government “smaller” by decreasing regs and increasing the police and surveillance state…
Well, largely, it was a centralized, planned war time economy.
@@blasphimus the 1933 New deal was what ended the great depression, not WW2.
@@Alex-cw3rz can you explain to my why that is? I understand roosevelt and the government took tremendous action regarding the economy during that period of time but whenever I look it up it getting out of the recession gets credited to the war.
@@spr6577the New Deal stopped the bleeding of the Great Depression and put the nation in a position to recover from it. However, it wasn't enough to forestall the recession of 1937. With the country's entry into WW2, and the military Keynesianism that went with it, the US was able to power it's way out of the Great Depression. What's important here is that Keynesianism, of any sort, is the economic back drop of the New Deal. And was the country's economic paradigm until the 70s. A period without catastrophic economic down turns unlike the "horse and sparrow" capitalism that preceded it.
Billionaire destitution is a concept I'm not sure I'll ever understand.
"I'm so poor man, I only bought one boat today, and it was only like 50k, usually I get three! today has been ROUGH"
those who own 90% of the wealth need to pay at least 90% of the taxes. not really complicated if you as me
They pay that already.
@@scifirealism5943as a percentage of what they earn they most certainly do not.
@@Mogorman87 the top 1% pay 48% of income taxes, the top 10% pay 98%..
Yeah with that context you're right.
@@scifirealism5943 not by a long shot. youre waaaaay off. the top 10% own more that 70% of the wealth but only pay 24% of the taxes. not even including the way corporations tilt the field
No. They need to pay exponentially higher taxes.
Sounds very patriotic of these companies and people to leave when taxed, odd that trump supports them doing that
paying the bill was never his thing
They forgot the "to children." Part in the title.
They're Republicans, that part we can assume as a given.
lol I thought the exact same thing when I read it. We all know how Matt Walsh feels about 14 year old girls, and I guarantee anyone who talks about something like that so openly, privately likes them about a decade younger too.
@@PandemoniumVice Walsh is the sort of guy to make the 'grass on the field' joke while knowing he prefers the grass to have not yet grown.
Matt Walsh is going to ditch the flannel shirts and start wearing a trenchcoat.
If you had a billion dollars (far too much) there still would still be 10 people with 100 times your wealth.
ITS NOT FAR TOO MUCH
its my competence which helped me to get this money no privilege or gifts
and its my wish how to use it
which is obv not taxes which are eventually used to help illegal immigrants
@@newboysrivastava yes it is
taxes don't go to immigrants moron they go to government services,
you are not so competent, thus by your own metric, aren't a billionaire
SIT THE FUCK DOWN, WHORESON
@@newboysrivastavano it isn't. It's being allowed to have a monopoly.
@newboysrivastava oh honey. Bless your heart, but you should finish your homework before going on youtube or I'll have to tell your mom.
Did he really just say billionaires get screwed MORE by the system (THAT THEY CREATED) than everyone else?!?!?!?!
People that unironically watch the Daily Wire shouldnt be allowed to vote, or even leave their home until theyve watched their state mandated hour of Majority Report every day. After 2 years of that they can take a test to determine if they are competent enough to vote.
Pause it
So if I don’t like your opinions, than you also shouldn’t be allowed to vote?
@@joc.1353 "if you vote me in you want have to worry about voting again", IE there won't be elections again
@@joc.1353 no, if youre r worded you shouldnt be allowed to vote...
That’s the problem, Matt. There are a minority of billionaires but they have more political sway than the majority by scores, leaps and bounds
And think of what Matt Walsh does to make that money. He just lectures people he thinks are beneath him and avoids his children. That's when he's not making "movies" based entirely on his raging bigotry and weird ideas about gender. HE WORKS SO HARD YOU GUYS. Nobody hates as hard as Matt Walsh, he deserves a break.
Dude's brain is so broken he's actually whining to people who don't make the amount of money he makes on one video lecturing people for having the sheer audacity to take a sick day when they're sick that it's unfair how he should be expected to pay his fair share. He should get to keep that and all of us should have to pay his share. Disgusting.
Taxing billionaires isn’t just about collecting revenue or ensuring they pay their fair share. It’s also about abolishing the oligarchy.
Absolutely. Once the Citizens United decision came out every billionaire became an existential threat to democracy
Google says the 760 billionaires in the US have a combined wealth of $6.22 trillion. $16 billion a day * 365.25 = $5.844 trillion. So, if all the money in the government disappeared today, and we taxed the rich at 100% of their wealth, it would fund the government for over a year, according to Mr. Walsh's numbers...
And that's the money we know about.
So lets say you only taxe 50% of their wealth because you don't want to make Matt Walsh sad. You can finance all budget of the richest country in the world for more than 6 month, and the poorest of the poorest people taxed in the process is a poor dude with... 500 millions dollars. Seems fine to me, so sad conservatives never actually do the maths that they pretend proves them right, they just confusely throw numbers and claims ^^
There should be a maximum wage. Let’s put it at about 300k per year.
If we as a society have made the evaluation that “beneficial” organizations like churches and charities should pay no taxes, then there should be an opposite end of the spectrum where extremist propaganda outlets like daily wire are heavily taxed. Every penny matt Walsh makes over 200k should be taxed at 80-90 percent as far as I’m concerned
Something I looked up recently -
Another key point that's rarely pointed out, although there are *only* about 700 billionaires in the country, a tiny .000002 % of the population...what's the estimated total wealth that all billionaires own?
About 6 trillion dollars....
The LSE recently did a study that showed that, low tax does not attract the wealthy. A nice place to live does. An example of this is 1960s Britain a world leader in culture and arts. Streets were clean etc. And lots of rich people flocked to live in the UK. When the top rate of tax was 97%, now the actual tax rate was of course lower, but still double to triple what the actual top rate collected today is. Just think as well thebgovernment subsidised research brought things like the vertical take of and landing Harrier and the supersonic airliner Concorde.
The threat that the rich will leave has always been an empty one to scare us into giving them free money. The truth is they don’t even realize how much they spend on their dailies that tax breaks will barely be noticed except by their huge businesses. The wealthy make vast sums off stocks and such. Giving them a few million off on 4/15 just means they have a few extra bucks to fund something to kick small business of Main St.
Defending billionaires from taxes is absolutely the dumbest thing ever. How does anyone buy what Walsh is selling?
cus it's being sold to americans, they like their snakes oily.
Because many Americans see themselves as down on their luck billionaires.
@@basedgamerguy818 this is why so many people constantly vote against their own interests, very true
Lead poisoning
I see Matt Walsh doesn't understand how tax brackets works
8:36 Does Matt not realize the pure insanity of the idea that in HIS OWN hypothetical scenario the wealth of ONE person could fund the operations of the most expensive country to ever exist for 2 weeks? The idea that ONE person could accumulate that much wealth is WILD.
You'd be lucky to get 1 second if you took everything i have. 😅
They get screwed, eh? The infrastructure helps them move their product, the education system is dictated no longer by civil values, but by career skills, the military protects international trade, etc.
It is bizarre hearing Walshy talk about tax, like actual policy, he's normally screaming about trans people.
Let’s enjoy for a moment the fact that he wasn’t spending time immediately calling for the genocide of the LGBTQIA+ community under the notion that the mere existence of such people is supposedly a direct, criminal attack on Matt and his kids.
Billionaires in the US are worth somewhere between 5 and 6 trillion dollars. In comparison, the US economy is around 28 trillion dollars. Their wealth does not seem negligible even if it is only based on 700 people. What a weird argument.
"If we ever touch billionaires, they'll just leave" so like, doesn't that mean they're basically our kings now? Because we can NEVER touch them at risk of them leaving.
“They leave the country” isn’t a ringing endorsement for America being the greatest country because of freedoms. Sounds like maybe they think America is the best NOT because of our values and freedoms but because our country has more ways to get around paying taxes when you’re rich. Or getting more loans. Or loans forgiven.
Lol I love this argument
"If we raise taxes then all the psychopaths who benefited from paying nothing will leave! Oh no! Look, the boat full of psychopaths is going over the horizon, noooo!"
But if you're Matt Walsh, a billionaire tax dodger is a "job creator" and not a merciless psychopath who belongs in a cell.
The money in my account travels at light speed. I don't even see it!
You know you are poor when there are too many days between paydays.
@sophiepooks2174 It must be a weird feeling to have money just sitting around that you...dont have to use. Like, it's just sitting there. Waiting. Staring at me... I guess I'll go get something to ea.... oh nevermind the water bill came out. False alarm.
They do that every day.
Matt’s correct, we don’t need to confiscate the money, we need to nationalize their companies.
We can do both.
I was like, they expose themselves? Like, from a trench coat? XD
William McKinley? Is he implying that he won't make it through his second term?
the whole "the rich pay more" arguement is ignorant af. the amount they have to pay is more than you sure. but do you want to pay 1 cent per dollar like the rich or continue to pay 5 cents per dollar like you already are kuz id like to either pay 1 cent or have the rich pay the 5 cents like the rest of us
The rest of us pay ¢35 per $1. The wealthy pay around ¢12 per $1.
They also pay people to figure out ways to make it so they pay even less.
"Math is liberal propaganda. What have equations ever done for us? Nothing! READ THE BIBLE AND SEND ME MONEY, IT'LL SAVE YOUR SOUL"
Someone making $600K a year would only be taxed the max rate of 37% on the last $20K
No one watching Matt Wash knows the first thing about the US' progressive tax system.
MP missed an opportunity by not discussing Modern Monetary Theory (MMT). Walsh is correct. Merely taxing billionaires is insufficient for covering federal government spending, that doesn't mean they shouldn't be taxed. In fact, no one should be allowed to amass that much wealth. MMT helps us to understand governments have unlimited money for spending, provided they back it with jobs and resources. Taxes don't pay for spending. The gov spends first and then taxes back in partly to control inflation.
Last year, the government spent $6.1 trillion into the economy and taxed back in $4.47 trillion. $1.63 trillion was left circulating in the private sector, no but significant portion of that gets concentrated to wealthy people and corporations.
The discussion should have focused on reducing taxes for the working class and increasing spending on universal needs and services, such as universal Medicare, childcare, housing college education, etc.
Poor people like myself can't pay more in taxes or own homes.
I make $10.50/hour at one job and $60/week as an intern.
Which is why we're not the ones that should have our taxes raised. It should be equal if not more for those of us that make more. Right now the wealthy of this country pay less by percentage than we do.
@@thenutella8846 that's downright disgusting.
@@MrsRitchieBlackmore Not in NC.
@@thenutella8846and Trump will cut their taxes even more
Being poor is a lot more expensive than being wealthy. For yourself, food is something you have to likely make tough decisions on. For the likes of MAP Walsh, it's just either an inconvenient trip to the store for his wife, or they just have it all delivered.
Good points.
Billionaires are obviously a massively important question. But what's always seemingly left out in these discussions are multi-millionaires. Most of us can't even imagine a salary of 100,000 bucks, let alone hundreds of thousands, a million, 10 million..let alone hundreds of millions. Those are also major groups of people who need to be massively taxed, along with the billionaires.
Taking Elon musks entire net worth sounds really really great 😂
Musk is Smaug. There are 700 Smaugs.
Bezos is way richer than Smaug
The actual percentage of the U.S. population who earn more than $500,000 per year is less than 1%
Matt Walsh is talking to his low educated "audience" and telling them woe is me. I'm rich and i dont think its fair that i have to pay a little more which i can afford. They lap it up. Get these people an education.
Sam said, "I happen to believe you don't need to use taxation to fund the government". 😯
How the hell else would he do it? 🤔
GoFundMe? Maybe have the president do ad reads for Raid: Shadow Legends, and Nord VPN during the state of the union address?
5:39 you know, I’ve always said if you think you’re at a ski resort but aren’t sure, you might be at a beer hall putsch
If there are only 750 billionaires in America and we know at least a few of them are valued in the tens of billions, then that's most of the way to $1 trillion. That's around 3% of the us economy. Controlled by 0.0002% of the population. Let that sink in.
Claiming to make 600k while not being a millionaire is straight up a skill issue. With that much I'd own my own house and a new car outright with zero personal debt in the first year. In two more years minus expenses, utilities, and property taxes you'd be a millionaire. Just don't spend lavishly but of course these guys are always victims of conspicuous consumption
Hahahahahaha
Exactly 😊
for what its worth in toronto ontario canada the average cost of a single detatched home in toronto us about 1.75 million dollars. income median is about $55k per person
@@peterrobinson1041 why would I buy an unattached house in the city limits of Toronto? This goes to my point about not spending lavishly. Unattached houses inside major cities are a blight on urban development and mostly a scam. If I want an unattached house I'll live in the country. I prefer medium density housing anyway
I can blow through $600K a year in no time at all living in one of the most expensive cities.
@1:22
"The William Henry Harrison of This Shit" polled a bit obscure.
Love the show. Left is best.
Bravo 🎉
I had a small student debt in the UK of about £5000. Small print: you don't need to pay it back until you are earning over a certain threshold. Small print again : insane apr. It's now at £16000!
I was shocked as I'd been paying it back automatically through my payroll. Spoke to someone from the student loan company who said although it's technically legal there are people looking at these things being 'miss-sold' to students because let's be fair she said, students are not really reading the small print. So I was like is there a way to cancel these things through a miss-sold PPI like approach? She was like they tried but there's no political will for it.
Nuts!
Wouldn't it be great if someone could convince everyone to stop paying and see how long the lenders last
I love in Matt walsch’s argument about taxing individual billionaires “entire net worth” the businesses that make a recurring amount of money every year is left out. Most of the billionaires money is in speculative stock options.
and the wealth or ''value of property''
put up property and land taxes for those with multiple properties and buisnesses
A fascination with McKinley might be an improvement from his fascination with Andrew Jackson...
A multi millionaire who pays 40% of their income is still extremely wealthy and would have no trouble supporting themselves. A school teacher paying a much lower tax rate is still not making much money and may struggle to stay afloat. That is why is okay to tax the rich at much higher rates: they have the money to be taxed and it doesn’t actually harm their ability to live.
If you're not a millionaire after 3 or so years of 600k then you've got a major spending problem.
To me, Matt Walsh's logo looks like it should be for a waste management company.
I don’t always agree with y’all but this is right on, gets me fired up.🏆
should check out kingston, NY and the whole "buffet bucks" thing to support the local community. its something that probably should be done everywhere to support local businesses, just curious how they make it work
Based on his logic, we would be able to fund the government for the next 700 weeks by taxing less than 0.01% of the population in a single year. Everyone else wouldn't need to pay taxes at all.
Sounds pretty efficient to me 👍
I wonder if after he’s finished filming does he laugh and say these idiots are going to believe whatever I tell them lol 😂
One guy having enough wealth lying around to fund the ENTIRE UNITED STATES FEDERAL GOVERNMENT for two weeks straight is insane.
Has anyone even asked them “ok then, how does the country run without taxes that pay for a huge amount of services”
Matt Walsh: these poor old rich people aren't even rich" 😭😭😭
6:27 "you could put a tax rate of 100% on billionaires"
The economy would shed anchors and politics would shed self-appointed gods.
Dismantle Trickle-down! Pass laws making the primary fiduciary responsibility of corporations be to the workers first!
5:41 to me, Matt Walsh’s logo looks like a logo for an outdoor supply and clothing store, like REI or Duluth.
They are the last people I want exposing themselves.
Tariffs are worse than taxes.
Go to your local walmart and see if the average foodstamp user needs more food or less in their basket.
less. walmarts are in america, they deserve nothing.
The whole "rich people and companies will leave" makes about as much sense as a threat as "they're coming for your guns". If it was going to happen, wouldn't it have haapened by now?
2015/2016 media, scholars, historians, political analysts etc. Have a lot of egg on their faces because these folks were never populists
People making at least 500K should be taxed at 90%
I don't see a problem with taxing the wealthy
I got whiplash when he mentioned public school teachers. Oh so suddenly you care about teachers?
Top 1% makes $800K, top 5% makes $335K.
If you're pulling in 600k a year and you're not a millionaire, you're really doing something wrong financially.
Walsh proving once again he knows s**t how taxation works.
8:29 Literally Matt Walsh defending billionaires
Thanks for pointing out the logo Sam, I always thought from a graphic design standpoint thatit was a waste of a good logo being used by Walsh
Matt Walsh: They say I'm a whiny crybaby, well I am a whiny crybaby, Boo Hoo. There's a reason I want everyone to see me in a diaper.
Also, don’t Americans already have to pay taxes for income made overseas?
Sweden has twice as many and taxes them like all Swedes In Forbes 2024 Rich List, 43 Swedes were worth $1 billion or more. For a country with just 10 million people, that meant four per million were billionaires. (The U.S. has two per million
Walsh stole the Meow Wolf type structure.
"There are so few billionaires. They're practically irrelevant. That's why I keep bringing them up as people who need our defense."
"Tell me you don't know how taxes or the economy works without telling me you don't know how taxes or the economy works."
NewsMax: speaks
Sam, Emma and Matt are a great line-up.
40% of $600,000 is $240,000 that leaves $360,000. 40% of $40,000 is $16,000 that leaves $24,000. The average rent on a two bedroom apartment is $1300 a month or $15,600 a year. So after a roof over your head you're left $8,400 to pay for everything else. Matt Walsh doesn't see a problem with that?
I just did some quick number crunching. If there are 700 billionaires and each of them can fund the government for a fortnight, that's over 26 years.
Walsh clearly has no idea how tax brackets work.
JFK, Lincoln, McKinley, man James A. Garfield really is the forgotten presidential assassination
If the extremely rich pay the smallest portion of their pay in taxes, and still pay most of the taxes, it says a lot about inequality in the US.
Canary Islands is not a tax haven.
Boo hoo this country enabled them to be billionaires time to chip back in.