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Jan. 20, 2025 - The David Knight Show
06:12
Trump's Hidden Value-Added-Tax
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The Department of Education was created in the midst of the 1980 election where Reagan beat Jimmy Carter, and Reagan promised to get rid of it, but he didn't.
He built it for eight years, kept building it up bigger.
And this has been a favorite promise of Republicans all along, getting rid of the Department of Education.
Well, he not only is not going to get rid of it, he's picked a secretary for the Department of Education that he's supposedly going to get rid of, yeah, right?
He's also picked now a deputy.
Uh, secretary for this.
And the person they picked is from Tennessee.
Penny Schwinn.
Who declined to enforce Tennessee's CRT ban.
Critical race theory ban.
And is affiliated with a prominent Never Trumper.
Oh, well, that's awful, isn't it?
No, no, she's betrayed all this stuff in many different ways.
This person has just hopped from one job to the other.
Never staying long enough to do anything anywhere or to be caught for what she's doing.
But she did shut down, refused Tennessee's ban on critical race theory.
And I can just hear the MAGA people saying, but, but, but, but, but, but Trump's going to get rid of the Department of Education, so it really doesn't matter who he staffs it with right now.
The fact that he's staffing it.
The fact that all these, I keep seeing people saying, oh, he's going to get rid of the income tax, isn't he?
Yeah, right.
That's why he's talking about all the different tweaks that he's going to put on.
No, we're going to wind up with a second income tax.
The external revenue service.
Adding 20% to 60%, depending on what he does, to everything that you buy.
And you know, folks, when you talk about that, it's not just a sales tax at the very end of it.
First of all, it's hidden.
So you're going to look at this and say, why is everything getting so much more expensive?
And they won't believe the policy nerds who explain to them that tariffs are really a tax, that tariffs are going to be paid by you.
And he's keeping the income tax.
I mean, it'd be one thing if he was changing the tax structure, but this is a conversation that we've always had, and it's always been the GOP and conservatives who said, hold it, hold it.
You're talking about changing the way the taxes are, but you're...
How can we be sure that you're not going to leave the income tax there and then add the flat tax or the fair tax or the national sales tax or whatever else that you're talking about, changing the structure?
Look, I hate the income tax.
I think any other form of taxation pretty much would be better.
But taxes are too high, and who cares about taxes anyway?
They don't care about taxes except when it's a tax cut, as I've said over and over again.
The Democrats think the deficits don't matter.
They argue for modern monetary theory, a magic money tree.
And Trump doesn't think that they matter either because he wanted to get rid of the debt ceiling for another two years.
So why are they hectoring us over the taxes?
Well, it's because they don't want you to own anything.
You'll own nothing.
And that's the way that they make sure of it.
But when you look at...
What he's doing.
He's not going to get rid of the income tax.
He's just going to add another tax to us.
And all the conservatives have shut up about this.
Whenever this is proposed by anybody else, they say, we're going to wind up with an additional tax.
And now that we are going to wind up with an additional tax, people are still quiet about it.
Even as he's boasting about his new external revenue service.
It's not going to be external.
This is the typical game that Democrats play.
And Trump is a New York Democrat.
And he tells people, don't worry, you're not going to pay the tax.
Other people are.
And it's only fair that other people pay this tax.
No, tax isn't going to be paid by you, Americans.
It's going to be paid by China.
Or whoever, right?
How dumb do you have to be?
To fall for that.
And again, it's always the standard Democrat line.
It's only fair these other people have profited so much they need to pay more in taxes.
It's not going to affect you at all.
That's been the lie ever since the income tax began.
And whenever they want to add an additional tax, they always tell you it's going to be somebody else paying it.
Trump announced on Saturday that he has nominated Penny Schwinn, the former Tennessee Education Commissioner, who resigned amid controversy in 2023. Because she pushed back against the critical race theory ban.
The Marxism that's there.
And the racism.
Octospook.
Trump is expanding government, not reducing it.
Yes, this is your daily reminder.
He's boasting about creating an entirely new revenue department.
And as I was going to mention before, but I forgot to say it, when you look at the way he's doing it with these tariffs, understand That the way things are happening, you know, the way things are built, you know, they'll build, create some raw material somewhere, you bring them in, you might add a little bit of value, and then you ship the thing out somewhere else, and they assemble it.
It's going back and forth across the borders in many cases, you know, parts and components before the final thing.
And at every one of those stages, there's going to be a tariff charge.
And that's the most insidious thing about this.
Is that as distributed as the supply chain has become, you're going to wind up, it's going to operate like a value-added tax, in my opinion.
And people aren't going to see it except in rising prices, and they won't know where the rising prices come from, and they'll blame the corporations, or they'll blame China instead of Trump.
That's right, boys and girls.
There's a post-election sale on silver and gold.
Trump euphoria has caused a dip in silver and gold.
It's time to buy some medals with fiat dollars before they come to their sense is.
Go to davidknight.gold to get in touch with the wise wolf himself, Tony Arterburn.
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