 Biden is not a socialist. I mean, if Biden is a socialist, so is everybody in American politics today. And Josh Hawley is just as much a socialist as Biden is. And certainly Trump was arguably even more socialist than Biden. So they're all socialist in a sense that they're all, they're all statists. But you see, this is the problem. I just, let's draw a line for a second. Words have meaning. Words have meaning. And it doesn't help when we make the meaning of those words ambiguous. It actually makes communication more difficult. So people call Democrats communists. Well, some of them at the very, very far left are. But communism means something. It means the dictatorship of the proletariat. It means the dictatorship. It means subjugating all of us to the whim of a leader. It probably means the murder of hundreds of thousands, if not more people. Because you need to cleanse in order to do communism properly. It means a real commitment to egalitarianism. And it has all theory associated with it in terms of how government it means. It means immediately the nationalization of all private property, all land, all productive property will be nationalized. That's what communism means. You nationalize everything, everything. I don't think there's anybody. I mean, there's some people. But there are very, very few people affiliated with the Democratic Party who are communists in that sense. I know communists who really want to nationalize all property. Keel says Biden will increase taxes to 40%. Whose taxes? The very wealthy? How much they pay now? Anybody know how much the very wealthy pay now? I mean, very wealthy means over 250,000 if you're an individual and I think it's 400,000 or something like that as a couple. What is the top marginal tax rate today in America? No, on a federal level, not on a state level. Federal level, purely federal level. What is it? Because 40% sounds scary. But if you realize that right now it's 37. something, then he wants to increase by an additional 2%, 3%? Okay. Is that making him a communist or socialist? No, it's more than 34. It's 37. And under Obama, what was it? Under Bush and Obama. I think under Obama it was 39. And if you include Social Security in Medicare, Medicare is 2.7%. So 37% plus 2.7, you're already at 40%. So today the top marginal tax rate is already over 40%. Biden will not tax capital gains at 40%. I am willing to bet anything you want on the fact that Biden will not increase capital gains taxes to 40%. And the reason is simple. I mean, who vote, who are the funders of Biden? Who are the funders of the Democratic Party? It's, you know, Wall Street. A lot of trust fund babies who live off of capital gains. Silicon Valley. I mean, they're not going to tolerate, they're not going to tolerate a massive tax increase. Not Biden will torpedo his own economy. There's no question, but he'll torpedo it not by raising taxes, he'll torpedo it by spending government money with no end. But even there, I think that some Democrats will bulk and it'll be very difficult to pass that in the Senate even to get 50 votes in the Senate for massive spending and massive tax cuts. It's just, it's not going to happen. There's not going to be that much done. The far left, yeah, I mean, there are people in the far left that nationalize the media. There are people in the far left that you can categorize as communists just as there are people in the far right that you can categorize as Nazis. But they have no real influence. So they're not communists. Now, are they socialists? Well, some of them are. But even the ones who call themselves socialists, are they really socialists? Now first, if Denmark is an example of socialism, then that's not socialism. If what they want is to turn American to Denmark in some ways we'd be better off, in some ways worse off, but in some ways better off. Socialism means something. Socialism is a system by which the means of production are owned by the state. There is no socialist government today, even in Europe. Never mind the Democrats in the United States. Very few Democratic senators want to literally own the means of production. Indeed, what everybody is is not a socialist. What everybody is in Washington D.C. almost everybody is a kind of a fascist. They all want to keep the means of production in supposedly private hands, but they want to regulate it and control it. They want the state to run it. That's what Trump wanted. That's what Obama wanted. I mean, Obamacare is that. You have insurance companies. You have private doctors. You have private hospitals. But not really. They're all doing the government's bidding. They're all controlled by the government. And in that sense, all of that is fascism more than anything else. Yes, some in the Democratic Party want single-payer healthcare. But the U.K. has single-payer healthcare. It's terrible, by the way. But they're not socialists. I mean, even the Conservative Party in England advocates for single-payer. So let's use words accurately. And I think the better way to call all of these people is statists. Some of them are drifting towards socialism or drifting towards fascism. And yes, I know all of these are forms of statism and there's a sense in which socialism is a word that captures all of them. But I think you lose the essence when you lump them all together and call them all socialism. When people hear socialism, I think owning them means a production. Nobody is advocating for that. Even Biden's not advocating for nationalizing industry in the United States. So they're all statists. And when it comes to economics, they're all fascists. That's what they are. And that's what's going to continue. And that's where we are. The next four years are going to be tough because I think the economy, there's no such thing really as democratic socialism and even democratic socialism. I'll give you an example of a real democratic socialism. I think it was 1980, maybe 81. You can correct me. I don't remember the exact date. Mitterrand. You remember Mitterrand was elected president of France. And Mitterrand was a democratic socialist. A real one. So what did he do? What was the first thing that Mitterrand did as a democratic socialist? He nationalized the banks. I mean literally. He nationalized the banks. He took the banks and made them state run and found. Now that's what a democratic socialist is. He's a socialist who was elected democratically but he still does what a socialist does which is nationalize. Now it turned out very badly for Mitterrand. He was going against the tide of history. This is the 1980s. Margaret Thatcher and Ronald Reagan were overseeing economies that were booming and France sunk like a rock. The nationalization of the banking industry was a complete and utter disaster. Complete and utter disaster. And he had to privatize the banks. And he landed up being a president that drifted towards embracing the private sector because that's the only way he could survive and that's the only way he could compete. So democratic socialism is the... Socialists get elected democratically. But in most western countries they don't survive. They haven't survived. Sweden, Norway, Denmark are not socialist. Whether you call them social democracy or democratic socialism doesn't matter. They're not socialist. They're statists. They redistribute a lot of wealth but they also allow for private enterprise, private property and they regulate less than the United States. Wearing this no wonder it's super hot. Yes, Mitterrand was 1981 to 1995. Thank you. And he was almost kicked out very early on because the nationalization of banks went so badly. But he won re-election because he shifted. And he privatized and he moved towards more market-oriented solutions. I'm not trying to convince you that more Nazis than all communists funny that I never said any of that. All I said was that the fall left has their communists and the fall right has their Nazis. I didn't make any implication in terms of numbers. I don't know what the numbers are. I don't know what the numbers are. I think there are a lot of wackos on the fall right even if we don't want to call them Nazis. There are kinds of forms of fascists and unthinking fascists on the fall right that I think are, you know, significant numbers. You know, who are not Nazis but there's also not that many actual communists. I actually think the real problem on the left is not communism. The real problem on the left, I've said this many, many times, is nihilism. I think most of the fall left is nihilists. It's not that they're trying to establish a dictatorship of the parliament. It's they're just trying to establish chaos, destruction for the sake of chaos and destruction. They're trying to tear everything down for the sake of tearing everything down. I think we're in for bad economic times that the Biden administration will try to solve by printing more money. I would not be surprised at all if the next four years we see stagflation, a stagnant economy with real inflation. And I mean here inflation by price inflation. We've already got inflation in terms of inflating the money supply. I really think that we are, as an economy, we're going to struggle to create jobs. We're going to struggle to get people, you know, to get people to be successful in the middle class. But that's where we are today. And that's what we're heading towards. We're heading towards greater strife, greater problems, greater challenges. And, you know, Biden claims unity is the answer, but unity is not the answer. You're not going to unite the left and the right, Angela Wright, but wackos on the far left have cultural power. I know that. Why is this, why are you saying this as if I don't understand it, as if this is some new revelation you're going to make? I know, I know that wackos on the left have cultural power. Wackos on the right have cultural power as well. You saw that in 78 million people voting for Trump. You saw that in January 6th. You see that everywhere. You see, you know, wackos of the right influence in the culture, not through the cultural institutions of universities and things like that, but through other mechanisms. Culture is not just what comes down in the universities, otherwise we'd all be nihilists and communists now. We're not. But the far left has far more cultural power. There's no question about that. Nobody's questioning that. I've attacked their various ideologies over and over and over again over the last 20 years as a public figure. And I will continue to do so. They're nuts. They're crazy. I mean, nuts is too generous because they're evil. Their ideology is evil. They're manifestations of evil. It's all evil stuff. That doesn't change the fact that they are evil bad people on the right. Now, I know you want all the focus to be on the left. You're not going to get that from me. You're going to get me pointing out bad stuff wherever it happens to be, attacking policies and philosophies and ideologies that are bad wherever they happen to be on your fictitious political map of left and right. Evil is evil is evil. Bad stuff is bad stuff is bad stuff. I don't care where it comes from. It needs to be called out. What we need today, what I called a new intellectual, would be any man or woman who is willing to think. Meaning any man or woman who knows that man's life must be guided by reason, by the intellect, not by feelings, wishes, whims or mystic revelations. Any man or woman who values his life and who does not want to give in to today's cult of despair, cynicism and impotence and does not intend to give up the world to the dark ages and to the role of the collectivist brought. All right. Before we go on, reminder. Please like the show. We've got 163 live listeners right now. 30 likes. That should be at least 100. I figure at least 100 of you actually like the show. Maybe they're like 60 of the Matthews out there who hate it. But at least the people who are liking it, you know, I want to see a thumbs up. There you go. Start liking it. I want to see that go to 100. All it takes is a click of a thing, whether you're looking at this. And you know the likes matter. It's not an issue of my ego. It's an issue of the algorithm. The more you like something, the more the algorithm likes it. 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