Bill Maher

With the 16th Amendment in 1913, he actually tacked a 1% income tax on the top 1% richest people in the country onto the 1913 tariff bill. It's just going to tax the Rockefellers, Carnegie's, J. Paul Getty's, Astor's, Flagler's, Harriman's. It's not going to tax you and me. And then you had World War One and everybody said, OK, we had an income tax during the emergency of the Civil War.

Now it's emergency of World War One. After the war, they reduced it, but did not eliminate it. But it was still a tax on the wealthy. You even had John F. Kennedy in his 1960 speech. He said, introduced during the war when the income tax was extended to millions of new taxpayers. Previously, it had been a selective tax imposed on the wealthy.

Now it's emergency of World War One. After the war, they reduced it, but did not eliminate it. But it was still a tax on the wealthy. You even had John F. Kennedy in his 1960 speech. He said, introduced during the war when the income tax was extended to millions of new taxpayers. Previously, it had been a selective tax imposed on the wealthy.

And then, of course, FDR had his greatest tax increase in world history.

And then, of course, FDR had his greatest tax increase in world history.

So Franklin Roosevelt expanded the income tax to tax everybody. And most people made $5,000 a year. They didn't save up money to pay it. And so FDR instituted paycheck withholding, an emergency effort. It was Uncle Sam needs you, buy war bonds and fight the Axis, pay your taxes. The person that came up with it was Beardsley Rummel, chairman of Macy's Department Store.

So Franklin Roosevelt expanded the income tax to tax everybody. And most people made $5,000 a year. They didn't save up money to pay it. And so FDR instituted paycheck withholding, an emergency effort. It was Uncle Sam needs you, buy war bonds and fight the Axis, pay your taxes. The person that came up with it was Beardsley Rummel, chairman of Macy's Department Store.

You know, the Thanksgiving Day Parade. Oh, yeah, very well. And so it was called a pay-as-you-go tax. But this created something called outsourcing. You squeeze the sponge, the water goes out. You raise the taxes on businesses in America, guess what? They're going to go to other countries where the taxes are lower.

You know, the Thanksgiving Day Parade. Oh, yeah, very well. And so it was called a pay-as-you-go tax. But this created something called outsourcing. You squeeze the sponge, the water goes out. You raise the taxes on businesses in America, guess what? They're going to go to other countries where the taxes are lower.

So after World War II, we were helping to rebuild Germany and Japan with brand new equipment. And they have cheap labor, no lawsuits, no environmental red tape, none of that. And they could produce stuff really cheap. and then ship it into America. And with the profits, they would lobby politicians to lower the tariffs so they could bring their stuff in cheaper. This is called free trade.

So after World War II, we were helping to rebuild Germany and Japan with brand new equipment. And they have cheap labor, no lawsuits, no environmental red tape, none of that. And they could produce stuff really cheap. and then ship it into America. And with the profits, they would lobby politicians to lower the tariffs so they could bring their stuff in cheaper. This is called free trade.

Now, the problem was that other countries would subsidize their businesses to help them produce their goods cheaper so they could sell them cheaper and put out a business, the American competition. And then once they had a monopoly, then they could flex their muscles when it came to negotiating foreign policy. We'll hold back what you need because we're the only ones giving it to you.

Now, the problem was that other countries would subsidize their businesses to help them produce their goods cheaper so they could sell them cheaper and put out a business, the American competition. And then once they had a monopoly, then they could flex their muscles when it came to negotiating foreign policy. We'll hold back what you need because we're the only ones giving it to you.

And so we see that what Trump, in a sense, is wanting to do is to go back to the original model that did make America the wealthiest and most prosperous nation on the planet. And you're making other countries pay a premium to have access to our customers.

And so we see that what Trump, in a sense, is wanting to do is to go back to the original model that did make America the wealthiest and most prosperous nation on the planet. And you're making other countries pay a premium to have access to our customers.

Yeah, well, China is the oldest civilization in world history, goes back 5000 years. They had dynasties. They've always had a top down controlled economy. And then you had the British and they colonized. And what happened was the British were growing opium in India and shipping it into China. And the emperor didn't want it and fought back. And then the British brought their navy in.

Yeah, well, China is the oldest civilization in world history, goes back 5000 years. They had dynasties. They've always had a top down controlled economy. And then you had the British and they colonized. And what happened was the British were growing opium in India and shipping it into China. And the emperor didn't want it and fought back. And then the British brought their navy in.

Well, the Chinese didn't have a navy. And so they lost. And so it's called the Opium Wars. And this is when the British set up HSBC Bank, Hong Kong Singapore Bank, which was used basically to take the profits from selling the opium into China. Talk about a government involved in the drug trafficking industry. But this is called the century of humiliation for China. And they never forgot it.

Well, the Chinese didn't have a navy. And so they lost. And so it's called the Opium Wars. And this is when the British set up HSBC Bank, Hong Kong Singapore Bank, which was used basically to take the profits from selling the opium into China. Talk about a government involved in the drug trafficking industry. But this is called the century of humiliation for China. And they never forgot it.

And they're sort of paying us back with saying, OK, we'll weaken the West with fentanyl and and all kinds of other things. But when you had Admiral Dewey opened up trade with China. But we had the most powerful Navy in the world. You had during World War II, America was defending China against Japan. We had the fighting tigers. But then you had Chiang Kai-shek.