50 Cent endorses Donald Trump, driven by fears that Joe Biden's tax plan imposes over 62% combined federal and state rates on earners above $400,000, particularly in California, New York, and New Jersey. The host argues these burdens stifle innovation, trap the wealthy, and characterize Democrats as socialists pushing for free services that could drive taxes to 80%, effectively nationalizing assets like IRAs. Ultimately, the discussion frames high taxation as the root of economic struggles in coastal states while promoting a "Trump 2020" solution to restore prosperity. [Automatically generated summary]
Transcriber: nvidia/parakeet-tdt-0.6b-v2, sat-12l-sm, and large-v3-turbo
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Big Government and High Taxes00:09:25
Yeah.
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50 Cent.
Yeah.
He's just turned into an Uncle Tom.
He didn't sold out to the white man.
Well, he and the black people in the African American community.
Oh my God.
50 didn't sold out to the white man.
He's dancing for the, he's a Sambo.
He's signing.
He's shining a white man's boots.
Anyway, 50 Cent made a post on this Instagram.
No, you know what it is?
50 Cent's got brains.
Yeah.
He see who's running for president.
And he's like, okay, if the guy on the left wins, Joe Biden, I'm actually going to be worth 50 Cent.
You know what?
I'm going to vote for the white supremacists.
All right.
So, yeah, 50 Cent made a post.
And this was from CNBC.
As a matter of fact, I'll just show you the video from CNBC.
50 Cent posted a screenshot from the video, but this is what CNBC had to say.
Under Vice President Biden's plan, people earning over $400,000 a year would pay combined federal and state income taxes of over 62%.
Robert Frank is adding up all the increases and joins us with what it means for high earners in certain states.
Was that a misprint?
What did I just say?
I was just reading.
62%, Robert.
Yeah.
If you live in California, that combined rate would go to 62.6%.
New Jersey would be over 60%.
New York State would jump to 58%.
Not too bad, but New York City residents would see a combined state and federal rate of just over 62%.
Now, with tax increases being proposed both in New York and California, those rates would likely go even higher.
See?
50 Cent saw that and he put two and two together.
Nope, can't vote for the Democrats.
So anybody over four make over $400,000 a year under Biden's plan.
Oh man.
If you live in those states that they mentioned, which is liberal shitholes, by the way.
Yeah, they ran by liberal Democrats.
That's why you're paying so much taxes.
62% of your money is going to taxes.
Every hundred dollars, man.
You keep 40 of that.
No, you keep $38 of that.
I mean, everybody should pay that fair share of taxes, right?
But does that sound fair to you?
Sound like a damn slave to your government, right?
That don't sound like freedom to me.
Also, doesn't it discourage people from being more successful?
If you're making like 200, 250, 300, and you got a raise coming up, you want this promotion, they're going to pay you $450,000.
Are you going to take that?
I ain't taking that raise.
Why are you going to take it?
The government's going to take, that's a raise for your government if you take that job.
Yeah.
The incentive for deregulation, lower taxes to fuel innovation.
You know, that's why we pay, that's why business want to pay low in tax.
Why anybody want to pay low in tax?
Because I want to come up with a great idea.
I want to be very successful.
I want to make a lot of money.
Everybody wants that.
This is in their right mind, but if you know you're going to give away a majority of your money to the government based on how successful you are, hell, I'd stay on welfare.
This tax plan will kill the American dream.
Who wants to be successful anymore?
I'm just going to stay under $400 and let the rich man take care of my college, my education, all that.
But this is the thing.
If you think your taxes, you're not going to pay any taxes if you make less than 400, you crazy as hell.
Yeah.
If you believe that, if you don't think you're going to be paying the same taxes you're paying now, I got some beachfront property I want to sell you in Afghanistan.
Even comes with a damn cave for you.
Everybody's tax is going to go up.
Everybody's tax is going up.
Do you understand what the Democrats are pushing?
Free college.
How much y'all think that costs?
Free medical.
How much do you think that costs?
Everybody's taxes going up.
They even want to take care of, they even want to make child care free.
I heard they was going to turn, start giving people houses.
Everybody gets a house and a car.
Well, that's what Bernie wants to do.
A house, a car, free education, free medical.
You don't think your tax is going to go up?
You a damn fool.
Hey, my whole life, everybody, this is what I heard from everybody.
I hate taxes.
I don't want to pay no taxes.
Taxes is evil.
Trump gets in office.
Hey, I'm cutting taxes.
What?
I hate Trump.
I want to pay double the taxes.
That's the typical liberal for you.
That's why I moved out of California.
Those taxes you pay out there, the federal and the state, that's why I moved to Nevada.
That's why Ben Shapiro.
That's why Joe Rogan moved out of there.
That's why all these big corporations move out of California.
And guess who they're going to go after next?
They don't have the rich BNS there.
They don't have the successful celebrities now.
Let me tell you something.
They're going to go after the common person.
Yeah, because we moved out of Virginia.
We got tired of paying all those taxes.
So we moved to Las Vegas, Nevada.
Yeah, we moved from California to Virginia.
That taxes was crazy.
Then we moved to Nevada.
Yeah, I got more, we got more educated as far as these taxes.
So we left.
Yeah.
Only education I needed was my tax return.
What?
I'm paying what?
Man, I'm moving to Nevada.
Let me tell y'all something.
For some reason, just because y'all hate Trump, now y'all love taxes.
Y'all was crazy as hell.
Let me tell you something.
These rich people that's making over 400K, they have the means to move out of state.
Just like we had the means to move out.
I moved out of state.
I wasn't paying all those taxes.
I wasn't going to be working.
I didn't want to.
I didn't want to pay no more taxes.
I didn't want to be in a position whereas the more successful I became, that I would pay more taxes.
And actually, the less money you would make.
Who wants to live in an environment like that?
So my point is this.
The rich people, they're going to move.
They're going to move to other areas.
Now, people who are not in the position where they can financially just get up and move, you're trapped.
You're trapped.
And you're going to pay those taxes and you're going to like it.
Yeah.
That's why I never live in California.
That's why I never live in Virginia.
I will most certainly, hell, I would never live in New York.
All these liberal rand states, these liberal rand cities taxing its constituents the way they tax.
And y'all sit there and y'all love it.
Y'all love the government taking y'all's money.
I could see if the government was taking it and doing something great with it and making everybody's life better.
But they taking the money and spending it how they want to spend it.
Yeah.
Don't you want to keep more of your money so you can spend it the way you want to spend it for you and your family?
You're giving it to the government.
You leaving it up to them to spend your money?
Are y'all crazy as hell?
Yeah, the reason why people don't have money is because we pay too much in taxes.
It's not a left or a right thing.
It's the RS thing.
We pay way too much money in taxes.
Yeah, it's coming out of your check.
You go buy something.
You got to pay taxes on that.
Every year, you got to pay property taxes on your car, your house.
Yeah.
Even if that house or car is paid for, every year you got to pay property taxes on that.
Yeah, you really don't own anything in this country.
Really, right now we're living in a socialized society.
I mean, we don't own anything.
Your government owns everything.
Your IRA plan, they say it's tax deferred.
That's not your, that is not your retirement plan.
That's the retirement plan for your government.
Because as soon as you take that money out when you retire, guess what?
You're going to be in a high tax bracket.
You're going to be well above that $400,000.
Oh, they're going to eat your ass alive.
You complain about that $400,000 now.
Wait till when you retire when you're in that higher tax bracket.
Watch how much they tax you then.
And now we got these socialists.
They call them progressive.
All they are is communists.
They want to bring in this big government.
Y'all think y'all are paying taxes now.
Wait till they government fund health care start giving people a free education.
Man, you think 60% is the tax rate you're going to be paying?
We're going to be paying up around 80%.
And you let us sit there and y'all keep voting for it.
Democrats prey on y'all's ignorance.
Yeah.
So they just pretty much, this tax plan is discouraging people from being more successful.
You're going to stay in that same tax bracket because you don't want to pay no more taxes.
Everything that's going wrong with this company is the cause of a Democrat.
Hey, we got you people in California, New York.
Y'all know where y'all's gas so high?
Taxes.
Taxes.
Didn't know that, did you, dummy?
Hey, but we got a quick fix for this.
Trump 2020.
Yeah.
Damn!
Good show.
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