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Warren Buffett, in his first sit-down since stepping down as Berkshire CEO, gave the cleanest indictment of legalized gambling in a decade. He called it a tax cut for the wealthy. The math proves him exactly right. Americans wagered $165 billion at legal sportsbooks in 2025. They lost $16...

935,048 views • 2 months ago •via X (Twitter)

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On 4th of July Independence Day, you should know the Income Tax was deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They tried to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone Let me clearly break down the order of events: During the Civil War era (1861–1872) The first federal income tax was enacted during the Civil War under Lincoln. It was a temporary wartime measure. It was repealed in 1872, The Supreme Court upheld it as constitutional in Springer v. United States In 1894 there was another peacetime attempt at an income tax. Congress passed a 2% tax on incomes over $4,000 as part of the Wilson-Gorman Tariff Act. The Supreme Court struck it down in Pollock v. Farmers’ Loan & Trust Co. They again said it was unconstitutional So next in 1913 Congress forces an income tax on us with the 16th Amendment But what else happened in 1913? The federal reserve was established We had a central banking takeover and that same year they passed the income tax to steal from all of us This should have never been allowed to happened, the income tax was ruled unconstitutional It’s time to set Americans free and abolish the income tax

Wall Street Apes

160,581 views • 14 days ago

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

Ron Pragides 

258,567 views • 6 months ago