Latest / The Ben Ferguson Podcast / BIDEN LIED AGAIN! MASSIVE TAX HIKE to pay off student loans. Taxpayers making $100k- $200k would bear an average burden of $3,790 A YEAR!

Transcript

BIDEN LIED AGAIN! MASSIVE TAX HIKE to pay off student loans. Taxpayers making $100k- $200k would bear an average burden of $3,790 A YEAR! · The Ben Ferguson Podcast

0:00
Speaker 1: There are a lot of headlines today that we're gonna
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0:04
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Speaker 1: that card. I'll tell you why in a moment. Is
0:10
Speaker 1: now big Brother is using big banking to spy on
0:15
Speaker 1: your financial transactions. Also, we have some student loan forgiveness
0:20
Speaker 1: estimates that it's gonna cost you a lot more than
0:23
Speaker 1: they told you before, an average of two thousand, five
0:27
Speaker 1: hundred dollars per tax payers. So they can buy votes.
0:32
Speaker 1: And this coming as there's a new pull out. The
0:35
Speaker 1: majority of voters now say they believe that Joe Biden
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Speaker 1: call nine seven two patriot. Now, I want to get
2:33
Speaker 1: back to this student loan aspect first, so you understand
2:37
Speaker 1: how expensive and how much this is going to cost you.
2:41
Speaker 1: Joe Biden's plan to cancel up to twenty thousand dollars
2:46
Speaker 1: in student loan debt per person will cost taxpayers an
2:50
Speaker 1: average of more than two thousand, five hundred per year,
2:55
Speaker 1: according to the National Taxpayers Union Foundation. The National Taxpayers
3:00
Speaker 1: Union Foundation estimates that debt cancelation could cost between three
3:05
Speaker 1: hundred and eighty six billion to four hundred and five billion,
3:10
Speaker 1: and the total net cost to the taxpayers that works
3:14
Speaker 1: out to be an average of a tax increase per
3:18
Speaker 1: taxpayer of two thousand, five hundred three dollars and twenty
3:22
Speaker 1: two cents in tax increases per year for you to
3:27
Speaker 1: pay off someone else's student loan debt. Betsy Divos came
3:32
Speaker 1: out and reminded the American people this week the debt cancelation,
3:37
Speaker 1: that's exactly what this is is a totally illegal act
3:41
Speaker 1: coming from the US government. Well Sean, first of all,
3:44
Speaker 1: it's a totally illegal act on the part of the president.
3:47
Speaker 1: He has no legal authority to just go wave a
3:50
Speaker 1: magic wand and forgive billions of dollars in student loan debt. Secondly,
3:55
Speaker 1: as we've talked about frequently, this is simply not fair.
3:59
Speaker 1: It's not fair to two out of three Americans who
4:02
Speaker 1: never went to college or took out student loans. And
4:05
Speaker 1: it's not fair to those students who have faithfully paid
4:08
Speaker 1: off their student debt and for those veterans who earned
4:12
Speaker 1: their tuition. All of this boils down to a totally
4:16
Speaker 1: unfair move that is just a political payoff in hopes
4:21
Speaker 1: of getting votes this fall. It is unconscionable. Students have
4:26
Speaker 1: been haven't been paying on their loans since the pandemics started,
4:31
Speaker 1: and that alan has cost American taxpayers billions and billions
4:35
Speaker 1: of dollars. Now, what she's referencing with the billions of
4:39
Speaker 1: dollars that she said it's additional for the taxpayer is
4:43
Speaker 1: the fact that we had paused the repayment now for
4:47
Speaker 1: several years with low unemployment by the way, and a
4:52
Speaker 1: quote robust economy. That's how the White House described the economy.
4:57
Speaker 1: Right now, we pause people from paying their student loan
5:00
Speaker 1: debts now for years now. During that time, they were
5:03
Speaker 1: still using things like Netflix, right These people were still
5:08
Speaker 1: out there buying new iPhones and going on vacations and
5:12
Speaker 1: having a grand old life. As the government stepped in
5:17
Speaker 1: and treated them like infant children, people were still buying
5:21
Speaker 1: cars at record rates, homes at record rates while not
5:25
Speaker 1: paying on their student loan debts. Now, the interest on
5:29
Speaker 1: those student loan debts did not pause during that time,
5:32
Speaker 1: So we have added to those student loans billions upon
5:36
Speaker 1: billions of dollars in interest. Right, because everybody in the
5:40
Speaker 1: country virtually stopped paying on their student loans, and when
5:44
Speaker 1: they did that, the interest still kept accruing. These are real, legitimate,
5:49
Speaker 1: private loans that private individuals chose to take out to
5:56
Speaker 1: go to college. And that's why the number is much
6:00
Speaker 1: higher now than anyone is willing to admit. Even Fox
6:05
Speaker 1: News No Cavudo decide to throw down with one of
6:10
Speaker 1: those on the left about forgiving student loan debt Democratic congressman,
6:16
Speaker 1: and he said it the right way, like, look, there's
6:19
Speaker 1: no such thing as forgiving debt. You're you're making and
6:22
Speaker 1: forcing other people to pay off other people's debt. That
6:26
Speaker 1: is not the way that the debt is supposed to
6:28
Speaker 1: work in this country. Right, Republicans and Democrats have gotten
6:31
Speaker 1: us knee deep in all this read, I just wonder
6:34
Speaker 1: how are we going to dig out of it? Because
6:36
Speaker 1: your goals are always are altruistic, very good and well intended,
6:41
Speaker 1: but we can't afford them. And I don't see any
6:43
Speaker 1: effort to try to rein that in. I don't see
6:46
Speaker 1: any effort to try to remind people that when you
6:49
Speaker 1: sign on a dotted line to pay someone back and
6:51
Speaker 1: the government absolves you of that, what else will it
6:54
Speaker 1: absolve you of? And what else will it spend money on?
6:58
Speaker 1: And what else will it drag us into the red?
7:01
Speaker 1: And then hanging on the notion that maybe if you
7:03
Speaker 1: tax rich guys to the full health, you'll be able
7:06
Speaker 1: to pay the bill, when you know, the math just
7:08
Speaker 1: doesn't add up. By the way, everything Neil Kovudo just
7:12
Speaker 1: said they're is spot on right? What else? What's next? Right?
7:16
Speaker 1: Why pay on anything? Why pay for anything? Why paid
7:19
Speaker 1: on any debt? Now I'm angry because not only are
7:22
Speaker 1: you raising my taxes by two thousand, five hundred dollars
7:25
Speaker 1: a year to pay for this for me to pay
7:27
Speaker 1: for someone else going to college and someone else deciding
7:30
Speaker 1: to take out a student loan debt. Remember, college is
7:33
Speaker 1: not a right, it's a privilege, and you get to
7:35
Speaker 1: decide if you're gonna go for free or not, depending
7:38
Speaker 1: on how hard you're willing to work at sports or
7:39
Speaker 1: extra creeco activities or academics. Or you get to decide
7:44
Speaker 1: if you want to go to community college and get
7:46
Speaker 1: and get that and then move on to other things
7:49
Speaker 1: right and then transfer in, or if you want to
7:51
Speaker 1: go to college and party. A lot of the student
7:53
Speaker 1: loan debt that you're now forcing me to pay for
7:57
Speaker 1: is student loan debt. That is eerie. Responsible student loan debt.
8:03
Speaker 1: That's the only way I know how to describe it.
8:05
Speaker 1: It's irresponsible student loan debt. People went failed out party,
8:12
Speaker 1: their abs is off, and now they're forcing me to
8:16
Speaker 1: pay for it. It's a problem. And Neil Cavuto was
8:20
Speaker 1: saying that to the congressman. But don't worry. The congressman's smart.
8:23
Speaker 1: He understands this is not about what's fair. He didn't
8:26
Speaker 1: give a crap if he raises your taxes twenty five
8:28
Speaker 1: hundred dollars a year to pay for someone else's either irresponsibility.
8:32
Speaker 1: And there's another side of the student loan debt that
8:34
Speaker 1: I have to mention. We have made these loans so
8:39
Speaker 1: easy for people to pay them back that many multi
8:43
Speaker 1: multimillionaires still have six figures in student loan debt. I
8:49
Speaker 1: have genuine, dear friends who are doing nothing wrong. They're
8:52
Speaker 1: playing by the rules that the government has decided to
8:55
Speaker 1: interfere with the private sector and with banking and mandates
9:00
Speaker 1: on student loans. That I have friends that are actually multimillionaires.
9:04
Speaker 1: I have friends that have private planes and helicopters and
9:08
Speaker 1: third homes and fourth homes who have not paid off
9:11
Speaker 1: their student loan debt because there is no incentive to
9:13
Speaker 1: pay it off. Let me explain why the interest rate
9:16
Speaker 1: is incredibly low. Number one, you can invest that money
9:21
Speaker 1: in the markets or into something else and make more
9:24
Speaker 1: money than it's worth paying off the student loan debt.
9:27
Speaker 1: That's number one. Number two, we have made student loan
9:30
Speaker 1: debts where they are forgivable when you die. So if
9:35
Speaker 1: you have an estate that has a billion dollars, I'll
9:38
Speaker 1: give you another example. Elon Musk, if he still had
9:41
Speaker 1: student loan debt, and it is the type of student
9:44
Speaker 1: loan debt at nine point nine percent of Americans carry it,
9:47
Speaker 1: when he dies, his student loan debt would be forgiven
9:51
Speaker 1: Bill Gates the same way any rich person out there,
9:54
Speaker 1: it would be forgiven. There is no incentive for wealthy
9:57
Speaker 1: people to pay off their student loan debt. Now, I
9:59
Speaker 1: was stupid, I admit it. I was young, dumb, and naive,
10:03
Speaker 1: and I actually believed that my student loan debt was
10:07
Speaker 1: my responsibility to pay off. I got my first my
10:13
Speaker 1: first big check in life was from my advance on
10:15
Speaker 1: my book, and I wrote that book my senior year
10:19
Speaker 1: in college, and the first thing I did was pay
10:21
Speaker 1: off student loan debt. I got my second check, pay
10:25
Speaker 1: my taxes right, and then the rest of my student loans.
10:29
Speaker 1: So I came out of college with no student loan debt.
10:33
Speaker 1: I was dumb because I didn't realize that that was
10:37
Speaker 1: what you referred to many referred to in the financial
10:39
Speaker 1: industry as good debt. Right. It's it's it's low risk
10:42
Speaker 1: or no risk to you, the interest rates extremely low.
10:45
Speaker 1: Hell they'll can't, They'll pause your debt for years, and
10:49
Speaker 1: that money can be used in other ways, which is
10:52
Speaker 1: exactly what we are witnessing right now. It's what we
10:55
Speaker 1: are seeing literally right now now. No one conceptualized when
11:01
Speaker 1: I graduated or twenty four, No one could have conceptualized
11:06
Speaker 1: that someone would actually in our government force other people
11:10
Speaker 1: to pay off the debt of other individuals. And you're
11:15
Speaker 1: going to be paying off millionaire and literally billionaire student
11:18
Speaker 1: loan debt the majority of doctors. In fact, the longer
11:22
Speaker 1: they are in school, the more debt they probably had.
11:26
Speaker 1: I have friends that are doctors who ended up taking
11:30
Speaker 1: out maximum loans for living expenses. You're going to now
11:34
Speaker 1: pay for their life. Right, Many doctors towards the end
11:37
Speaker 1: would max out their student loans because they were ready
11:41
Speaker 1: to start living a better quality of life. They would
11:44
Speaker 1: pay for vacations. They even would use that money to
11:47
Speaker 1: pay for a car. Some of them I know use
11:49
Speaker 1: it for a down payment of house because it was
11:51
Speaker 1: such cheap debt and they knew they were going to
11:53
Speaker 1: make a bunch of money when they became a doctor.
11:55
Speaker 1: Right when they got out of medical school, they maxed
11:59
Speaker 1: out this. Now you're going to pay that off. Just
12:02
Speaker 1: get your head around it and think about what I'm saying.
12:06
Speaker 1: I want to go back now. You heard what Neil
12:08
Speaker 1: Cubudo had to say, and I want you to hear
12:11
Speaker 1: the Democratic congressman who's going to explain to you why
12:15
Speaker 1: you should be have your taxes raised, because be clear,
12:19
Speaker 1: this is a two thousand, five hundred dollar tax increase
12:23
Speaker 1: on you as a taxpayer to payoffs to loan debt
12:26
Speaker 1: per year. Listen, well, Neil, I think we have to
12:29
Speaker 1: distinguish from productive investment to just spending that's not productive.
12:35
Speaker 1: I believe that investing in education, investing in vocational training,
12:39
Speaker 1: investing inducted to get someone a ten or twenty thousand
12:43
Speaker 1: dollars break on their bills, but a lot of other
12:46
Speaker 1: people no break on their bills. How was it productive
12:49
Speaker 1: for others who aren't getting a penny of this to
12:52
Speaker 1: underwrite that loan forgiveness when they did everything right, when
12:56
Speaker 1: they did everything right, and now pissed off that these
12:59
Speaker 1: people are the fruit of their bounty. Well they they
13:03
Speaker 1: they're not underwriting it. If you have progressive taxation on
13:06
Speaker 1: your paying for this, Congressmen, debt, but you're payings. You
13:09
Speaker 1: increased our credit line or visa credit line. There isn't
13:12
Speaker 1: cash paying for this. It's going on a debt. We
13:14
Speaker 1: all pay. That debt is payless. You've just increased our
13:18
Speaker 1: credit line. But here's the reality, and you know that
13:21
Speaker 1: most of these loans weren't being repaid. So what was
13:24
Speaker 1: happening The people's credit was being destroyed. This isn't actually,
13:28
Speaker 1: that's debt was already there. Now, what we're saying is, okay,
13:33
Speaker 1: if you forgive it, you're gonna not destroy people's credit,
13:36
Speaker 1: so they can go work, they can get it. So
13:39
Speaker 1: they're getting rewarded. They're getting rewarded for holding off on
13:42
Speaker 1: paying back those loans. Reward. The guy who's holding back
13:46
Speaker 1: on paying his utility of reward, the guy bought a
13:48
Speaker 1: car and got in knee deep and didn't realize it.
13:51
Speaker 1: So you see what you're opening up here again with them.
13:54
Speaker 1: Do you feel differently, Neil, Let's say we were charging
13:58
Speaker 1: for years for public high school and then someone came
14:00
Speaker 1: along and said, you know what, we should have free
14:03
Speaker 1: public high school in this country, and we should forgive
14:05
Speaker 1: some of the debt of people who have to pay
14:07
Speaker 1: for high school. Would you feel differently? Then, By the way,
14:10
Speaker 1: you understand the congressman here, he's now advocating for free college.
14:14
Speaker 1: So we've already screwed up public education at the high
14:17
Speaker 1: school level. It's a it's a dismal failure nationwide. Right.
14:20
Speaker 1: We've fallen behind and reading, writing, and arithmetic and graduation
14:24
Speaker 1: rates way behind China and other countries that we're competing against.
14:28
Speaker 1: And now what he's doing, since we've screwed that up,
14:31
Speaker 1: he's now actually calling for very quietly, right, but he's
14:35
Speaker 1: calling for it now. He is calling for free college.
14:45
Speaker 1: Now there's nose a thing is free college. He's now
14:47
Speaker 1: calling for your taxes to go up indefinitely. He's saying, yeah,
14:51
Speaker 1: you got to pay more money. You as a taxpayer,
14:54
Speaker 1: have to pay more money. And listen to his closing argument,
14:57
Speaker 1: what we're doing, what we're doing is we're doing this
15:01
Speaker 1: again with all the right intentions. Aren't going to be wrong.
15:03
Speaker 1: I don't think you're an evil person or a tallis
15:05
Speaker 1: or an a different person. What you're losing sight of
15:08
Speaker 1: is paying for something by opening up a credit line,
15:11
Speaker 1: and that bragging about as the administration has bringing our
15:14
Speaker 1: deficit down to only a trillion dollars and saying a
15:18
Speaker 1: ship has come in and that better than trillion dollars
15:20
Speaker 1: that we've brought the deficit down is good enough to
15:22
Speaker 1: pay for this, good enough to pay for this? Right,
15:26
Speaker 1: it's about buying votes. That's what it's going to cost you, taxpayers,
15:30
Speaker 1: your taxes are going to go up two thousand and
15:32
Speaker 1: five hundred dollars per year according to the National Taxpayer
15:37
Speaker 1: Union Foundation, because of an illegal activity where you are
15:41
Speaker 1: going to pay off the debt to the tune of
15:45
Speaker 1: four hundred and five billion in net costs to taxpayers
15:49
Speaker 1: because all of the interest now other than just the
15:54
Speaker 1: high price tag here. The Committee for a Responsible Federal
15:57
Speaker 1: Budget is also estimating that the Biden plan would likely
16:00
Speaker 1: cost around five hundred billion. The libertarian Kiddo Institute had
16:05
Speaker 1: estimates that it would cost four hundred and twenty seven billions.
16:08
Speaker 1: So the number I gave you is the lowest of
16:10
Speaker 1: the three quote. According to the uneven distribution of tax
16:14
Speaker 1: burdens across different income levels, we estimate that low income
16:18
Speaker 1: taxpayers making between a dollar and fifty thousand would bear
16:23
Speaker 1: an average burden of one hundred ninety dollars a year.
16:26
Speaker 1: Taxpayers making between one hundred thousand two hundred thousand would skyrocket.
16:31
Speaker 1: The average burden would be three thousand, seven hundred and fifty.
16:35
Speaker 1: So you gotta understand, if you make one hundred two
16:37
Speaker 1: hundred thousand a year, you are now going to have
16:39
Speaker 1: a four thousand dollar rounding number here of a tax increase.
16:45
Speaker 1: This isn't debt forgiveness, which is what they keep saying.
16:48
Speaker 1: This Biden plan is a debt transfer program. The student
16:52
Speaker 1: loans being quote forgiven are not being forgiven. They're being transferred.
16:58
Speaker 1: They're being transferred from the individual to the federal government,
17:02
Speaker 1: and the loss of revenue from those loans will be
17:05
Speaker 1: made up by borrowing from the government, which you, as
17:08
Speaker 1: a taxpayer, will have to pay the money back. Quote well,
17:13
Speaker 1: taxpayers will fill the bite on this year's tax bill.
17:16
Speaker 1: Congress will have to make up the difference to reduce
17:19
Speaker 1: spending elsewhere or higher taxes, most likely increased borrowing, assuming
17:24
Speaker 1: the latter. The federal government essentially just took a two
17:27
Speaker 1: five hundred dollars loan on the average taxpayer's behalf. That's
17:32
Speaker 1: the average. So again, if you make one hundred two
17:34
Speaker 1: hundred thousand, it's almost four grand a year that you,
17:37
Speaker 1: as a taxpayer, will have to pay. The taxpayers will
17:39
Speaker 1: be paying interest on this for years to come quote unquote.
17:45
Speaker 1: So ultimately the cost to taxpayers is likely to be
17:48
Speaker 1: even higher because the loan cancelation does nothing to address
17:52
Speaker 1: the underlying problem that has led to such a high
17:55
Speaker 1: level of student debt. According to the Committee for Responsible
17:59
Speaker 1: Federal at the total level of student debt will return
18:03
Speaker 1: to pre cancelation levels by twenty twenty eight. If students
18:08
Speaker 1: borrow more because they're expecting future forgiveness, that timeline could
18:13
Speaker 1: be even shorter. In other words, you can so all
18:15
Speaker 1: this debt and we're gonna be right back where we
18:17
Speaker 1: are right now by twenty twenty eight. And don't think
18:20
Speaker 1: for a moment that they're not going to try to
18:23
Speaker 1: do this again, because it's about buying votes. If every
18:27
Speaker 1: person gets out of college gets free college, right because
18:31
Speaker 1: the government does us over and over again, they're going
18:33
Speaker 1: to vote for the party that is willing to pay
18:36
Speaker 1: off their debts. And the government doesn't pay off any debts.
18:40
Speaker 1: The taxpayers do, the citizens do, because without our money,
18:43
Speaker 1: none of us even is an issue. Now, this brings
18:47
Speaker 1: me to this other financial issue that I mentioned at
18:50
Speaker 1: the beginning of the show, and that is this other
18:54
Speaker 1: issue which deals with your credit cards right now and
18:58
Speaker 1: the federal government now having the ability to monitor your
19:04
Speaker 1: transactions when it comes to you buying lawful things. What
19:09
Speaker 1: I mean, visa has now caved. I'm talking about your
19:13
Speaker 1: visa card, your debit card, your credit card, and they
19:16
Speaker 1: are now going to recategorize gun and AMMO purchases so
19:22
Speaker 1: that then the government can be flagged or they will
19:26
Speaker 1: flag it and send it to the government for them
19:29
Speaker 1: to then monitor your transactions. Now, it's legal to buy
19:34
Speaker 1: Ammo and it's legal to buy guns, but if you
19:36
Speaker 1: buy too much of them over a certain period of time,
19:40
Speaker 1: they're going to flag you. Is that what they would
19:42
Speaker 1: basically refer to as a possible mass shooter and or
19:45
Speaker 1: a domestic terrorist, all because you swiped your card when
19:49
Speaker 1: buying a legal product. Gabby Gifford's Gun Control Group has
19:56
Speaker 1: been demanding the major credit card companies flag bag gun
20:00
Speaker 1: and AMMO purchases and put them in a new sales categorization.
20:06
Speaker 1: Gifford's posted a tweet which said the shooters, the shooters
20:10
Speaker 1: in at least five mass shootings have stockpiled guns and
20:13
Speaker 1: Ammo using credit cards and killed one hundred and forty
20:16
Speaker 1: five people. This is where they make their demand. They say, Visa,
20:21
Speaker 1: MasterCard and American Express have the power to flag suspicious
20:25
Speaker 1: purchases and save lives. Call on them, they say, to
20:29
Speaker 1: act now. On August the thirtieth, Democratic New York lawmakers
20:35
Speaker 1: demanded major credit card companies create a new firearms specific
20:41
Speaker 1: category code, which would in effect flag gun purchases in
20:45
Speaker 1: the state and also around the country. Then you had
20:51
Speaker 1: the New York Governor. The new governor took over when
20:53
Speaker 1: Cuomo resigned in disgrace. She came out and joined with
20:58
Speaker 1: state Assembly leaders to announce ten new gun control bills,
21:02
Speaker 1: including a new minimum age and licensing requirements for the
21:06
Speaker 1: purchase of a semi automatic rifle. On September seventh, New
21:12
Speaker 1: York Governor was urging then Visa, American Express and MasterCard
21:18
Speaker 1: to take action and quote do their part for gun control.
21:23
Speaker 1: Now all of those companies have moved forward with this
21:27
Speaker 1: gun control plan. Now, before I get into more of
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Speaker 1: Legacy PM Investments dot com. Now, the Associated Press has
22:33
Speaker 1: come out and explained that VISA has given in and
22:36
Speaker 1: will recategorize gun purchases and other quote sales at gun shops.
22:42
Speaker 1: So you buy anything at a gun shop and that
22:45
Speaker 1: will probably flag you to the government. The AP is
22:49
Speaker 1: also saying, now, quote this is a major win for
22:52
Speaker 1: gun control advocates, who said, well, help better track you.
22:57
Speaker 1: They claim it suspicious surges of guns ls that could
23:01
Speaker 1: be a prelude to a prelude to a mass shooting.
23:04
Speaker 1: So in other words, I go out and I buy
23:06
Speaker 1: three guns and then a few days later, or a
23:09
Speaker 1: few weeks later, I buy another gun. And maybe a
23:11
Speaker 1: few weeks later I buy another gun. Right, maybe I'm collecting.
23:14
Speaker 1: Maybe I decide that I want to buy three guns
23:16
Speaker 1: for my son's Bam, the federal government gets an alert
23:20
Speaker 1: about me for buying something that's lawful. Until now, gun
23:26
Speaker 1: and AMMO purchases have shown up under a broad category
23:30
Speaker 1: like sporting goods. But Visa's moved to comply with Democrat
23:35
Speaker 1: and gun control group demands means such purchases will have
23:40
Speaker 1: a distinct firearm related marker, making them easier to flag.
23:47
Speaker 1: The NRA commented on Visa's decision to recategorize gun purchase
23:52
Speaker 1: by saying this quote. The ISO decision to create a
23:57
Speaker 1: firearm specific code is nothing more than a capitulation to
24:01
Speaker 1: anti gun politicians and activists bent on eroding the rights
24:06
Speaker 1: of law abiding Americans one transaction at a time. This
24:11
Speaker 1: is not about tracking or prevention or any virtuous motivation.
24:16
Speaker 1: It's about creating a national registry of gun owners. And
24:21
Speaker 1: really you have to ask yourself the question, why else
24:23
Speaker 1: would you do this? This is about a gun registry.
24:27
Speaker 1: They want to know what you bought, and they want
24:30
Speaker 1: to know where you bought it. That's what they want
24:33
Speaker 1: to do. They want to know when you purchase guns.
24:36
Speaker 1: So down the road they can go backwards and say,
24:38
Speaker 1: excuse me, mister Ferguson. We see back in two seventeen
24:42
Speaker 1: in March, you went to this gun store and you
24:45
Speaker 1: spent eight hundred and twelve dollars. What gun did you
24:48
Speaker 1: buy or how much Ammo did you stockpile? Now was
24:54
Speaker 1: there anything illegal with a purchase that I made? No,
24:58
Speaker 1: But you can now be turned in by visa, buy MasterCard,
25:02
Speaker 1: buy American Express. In other words, you can be harassed
25:05
Speaker 1: because they don't like what you're purchasing something that's legal.
25:11
Speaker 1: I had one person to describe it to me in
25:13
Speaker 1: law Enforce and this way, and said, imagine if every
25:15
Speaker 1: time someone bought pornography we had a special category for it.
25:19
Speaker 1: And then we decided to go in and harass people
25:22
Speaker 1: that bought pornography, right saying, well, you could be a
25:25
Speaker 1: sexual predator or a possible perspective rapist because we've noticed
25:29
Speaker 1: a large influx of pornography online that you're buying. No
25:33
Speaker 1: one would stand for that, of course, right, because it's
25:35
Speaker 1: your right to watch pornography, whether you like pornography or
25:38
Speaker 1: not not defending it or anything like that. I'm just
25:40
Speaker 1: saying a fact, is your right to buy it. It's
25:43
Speaker 1: legal in this country. That's all I'm saying. So imagine
25:47
Speaker 1: if someone did that. Lets let's just say you eat
25:49
Speaker 1: a lot of fast food. What if the government one
25:52
Speaker 1: day decides they want to make sure that you eat healthy?
25:55
Speaker 1: What if they want to track your purchases on gasoline?
25:59
Speaker 1: We're we're banning electric vehicles, right, or excuse me, gas
26:03
Speaker 1: vehicles in California and now other states. In fact, Mayor
26:06
Speaker 1: Pete came out today saying he's interested in the California
26:10
Speaker 1: ban on new gas cars as he weighs a quote
26:13
Speaker 1: national policy. Well, how would you reiin in people, Well,
26:16
Speaker 1: maybe it's at gas stations. We flag your gas purchases
26:22
Speaker 1: and come to your house saying why are you buying
26:24
Speaker 1: so much gasoline? Mister Ferguson, why did you need to
26:28
Speaker 1: buy another twenty seven gallons of gas? How do you
26:30
Speaker 1: know what I bought? Well, VISA flagged it. We have
26:33
Speaker 1: a special category for petroleum products. You understand the slippery
26:38
Speaker 1: slope here. Now again, I will not buy a firearm
26:44
Speaker 1: with a credit card any longer. I will buy a
26:47
Speaker 1: firearm with cash, I will get it out of an ATM,
26:50
Speaker 1: because I'm sure as hell not going to trust them
26:54
Speaker 1: to not abuse the power, especially if what I am
26:58
Speaker 1: purchasing is a legal product. They should not have They
27:04
Speaker 1: should not have the ability if I am not breaking
27:07
Speaker 1: the law, to turn me into some government gestapo demanding
27:15
Speaker 1: that I do something because they don't like the product
27:17
Speaker 1: I'm buying. This is harassment by the banks. This is
27:21
Speaker 1: harassment by Visa MasterCard and American Express. You need to
27:27
Speaker 1: understand what harassment looks like and feels like. This is it.
27:33
Speaker 1: These companies have decided that they are anti gun. American Express,
27:37
Speaker 1: Visa mass Card are criminalizing a legal activity because they
27:42
Speaker 1: are saying that they don't like your activities. Now, let
27:47
Speaker 1: me just go back for Also to Mayor Pete, the
27:51
Speaker 1: Transportation Secretary now and his remarks that he has quote
27:56
Speaker 1: interested in an upcoming California ban on new gas powered
28:00
Speaker 1: cars as a bid administration weighs nationwide electric vehicle mandates.
28:06
Speaker 1: Last month, the California Air Resources Board issued new rules
28:10
Speaker 1: requiring thirty five percent of new vehicles to produce zero
28:14
Speaker 1: missions by twenty twenty six. That's just four years from now,
28:19
Speaker 1: a standard they say will progressively rise to one hundred
28:22
Speaker 1: percent by twenty thirty five. During an interview in La,
28:27
Speaker 1: Transportation Secretary Pete argue that a rapid transition to electric
28:31
Speaker 1: cars is required to effectively combat climate change around the world.
28:36
Speaker 1: He says, it's interesting to see how the states are
28:38
Speaker 1: trying to go above and beyond what we're doing at
28:41
Speaker 1: the federal level. I'm really interested in these developments while
28:43
Speaker 1: we continue to set a national policy that's the baseline
28:47
Speaker 1: for all this. We need to move in the direction
28:48
Speaker 1: of electric vehicles. California unveiled their new benchmarks days before
28:54
Speaker 1: The Golden State required that residents lower energy usage during
28:58
Speaker 1: peak hours and the interest of averting power grid failures.
29:02
Speaker 1: Among other actions, officials asked citizens to not charge their
29:06
Speaker 1: electric vehicles that they're demanding they buy. Prominent policy makers
29:13
Speaker 1: and industry leaders, including Tesnaseo Elon Musk, have warned that
29:17
Speaker 1: the rushed option and the rushed I should say adoption
29:21
Speaker 1: of renewable energy solutions could induce economic harm, doesn't matter
29:27
Speaker 1: because they want to mandate what you can and cannot buy.
29:30
Speaker 1: Mayor Pete argue that the speed is necessary for a
29:33
Speaker 1: robust electric vehicle policy, saying, quote, we've got to make
29:36
Speaker 1: sure that this happens quickly enough to help us be
29:40
Speaker 1: climate change. We've got to make sure it happens affordably
29:44
Speaker 1: enough that it's not just wealthy people, but low income
29:46
Speaker 1: people who most need these gas savings if they can
29:50
Speaker 1: afford the evs in the first place, which means they're
29:53
Speaker 1: going to subsidize them at the federal level. Now you
29:57
Speaker 1: look at what they're also demanding. Biden administration has already
30:01
Speaker 1: established their goal of procuring only one hundred percent zero
30:06
Speaker 1: mission light duty vehicles by twenty twenty seven, that's just
30:08
Speaker 1: five years from now. They say they will extend the
30:11
Speaker 1: same standard to all vehicles and the federal government's fleet
30:14
Speaker 1: by twenty thirty five. That according to the fact sheet
30:17
Speaker 1: from the White House they put out. So what if
30:20
Speaker 1: you don't get on board, What if you start hiding
30:23
Speaker 1: your gas guzzling cars right or your farm trucks, or
30:26
Speaker 1: you just don't get on board, Well, you don't think
30:30
Speaker 1: that they're going to do the same thing they're now
30:31
Speaker 1: doing with gun purchases with Visa MasterCard American Express, where
30:35
Speaker 1: they tagged amount of dollars you spend at a gas
30:37
Speaker 1: station and they come knock on your door saying, why
30:39
Speaker 1: are you buying so much gasoline? And where are you
30:41
Speaker 1: putting it? What cars it in? This isn't a slippery slope,
30:45
Speaker 1: my friends. This is reality. If every purchase you make
30:51
Speaker 1: Visa and MasterCard and AMEX turns it over to the
30:56
Speaker 1: federal government, so the federal government will give them whatever
30:59
Speaker 1: the hell they want, right, whatever it is they want
31:02
Speaker 1: in return or response to what they want to demand
31:05
Speaker 1: that you do, and they get, you know, nice banking
31:09
Speaker 1: rules and regulations. In their opinion, I'm sure it's like,
31:12
Speaker 1: let's go, let's do this. What do you want to know?
31:17
Speaker 1: You want to know how much gas Ben Ferguson's bought. Done?
31:20
Speaker 1: You want to know how many guns he's bought? Done?
31:22
Speaker 1: You want to know how much money he's spent on
31:24
Speaker 1: any of these things? Done? How? You want to know
31:26
Speaker 1: what his electricity bill is? He didn't put the solar
31:28
Speaker 1: panels on his house? Done? Just turn off the spickets.
31:31
Speaker 1: Don't let him buy what he wants to buy, don't
31:33
Speaker 1: let him do what he wants to do. That's all, literally,
31:37
Speaker 1: that's all you gotta do. And you own the entire economy.
31:40
Speaker 1: This is what they do in socialists and communist countries,
31:45
Speaker 1: and you're witnessing it by virtue signaling from these nations
31:50
Speaker 1: of what they're telling you is an acceptable purchase and
31:52
Speaker 1: what is not an acceptable purchase. Please stand up for
31:57
Speaker 1: your rights. Make sure you share this pod cast with
32:00
Speaker 1: your family and friends. Write us a five star review
32:03
Speaker 1: so that more people will see this podcast. And I'll
32:06
Speaker 1: see you back here tomorrow