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Billionaire Bezos suggests no taxes for half the nation. Is that crazy or overdue?

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Billionaire Jeff Bezos just detonated a financial hand grenade in the middle of America’s tax debate.

The Amazon founder recently suggested that the bottom half of American earners should pay zero federal income tax. Not lower taxes. Not a temporary rebate. Zero. 

And whether you love billionaires or hate them, you have to admit something uncomfortable about Bezos’ proposal.

A whole lot of Americans heard that idea and thought, “Honestly … why am I paying taxes at all?”

BILL MAHER CALLS OUT BERNIE SANDERS, SAYS HE’S TIRED OF HEARING THE RICH DON’T PAY THEIR FAIR SHARE OF TAXES

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That’s because the middle class feels financially exhausted.

Meanwhile, millions of Americans feel like they’re running on a treadmill set to 11 while Washington keeps telling them to sprint faster.

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Bezos pointed out that the bottom half of earners contribute only a tiny fraction of total federal income tax revenue compared to top earners. A few weeks ago, I told you that the bottom 50% of taxpayers in America pay only 3% of federal income taxes.

Here’s the part nobody wants to say out loud. Many lower-income Americans already effectively pay little or no federal income tax after deductions and credits.

So, what Bezos is really proposing isn’t just a tax cut. It’s a psychological reset for America.

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He’s saying, “What if work actually paid again?”

That’s political dynamite.

Imagine a nurse making $75,000 suddenly keeping several thousand extra dollars every year:

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Actual breathing room. And maybe an answer instead of a future of universal basic income.

And frankly, in the richest country in the history of the world, is it fair to ask, “why are we squeezing people who are barely getting ahead?”

But here’s where the conversation gets dangerous. And what really concerns me is paying more than my fair share already.

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Because somebody still has to pay for the government.

Washington spends money like a silly teenager with their parents’ credit card.

AMERICA’S $39 TRILLION DEBT BOMB COULD BE MORE PAINFUL THAN YOU THINK

So, if half the country stops paying federal income taxes, then one of three things happens:

The wealthy pay dramatically more. Check. The government cuts spending dramatically. Not likely. Or America borrows and prints even more money. Check.

Just like Meat Loaf sang years ago, two out of three ain’t bad. Or is it?

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Here’s the reality of our political world. Politicians hate cutting spending because spending buys votes.

So, historically, Washington chooses Option C. Debt. Lots of it.

America is already sitting on more than $39 trillion in national debt will cross $40 trillion before year end, and interest payments alone are the third-largest line item in the federal budget.

THE NATIONAL DEBT IS ABOUT TO HIT A TERRIFYING NUMBER NO MATTER WHAT WE DO

That’s not sustainable math. That’s financial Ozempic. It temporarily masks the pain while the underlying problem gets worse. And this is where both political parties are being dishonest with Americans.

The left acts like billionaires alone can fund the modern welfare state forever. They can’t.

The right acts like tax cuts magically pay for themselves. They usually don’t.

DOGE REVEALS WHAT YOU GET FOR THE HALF MILLION YOU’LL PAY IN TAXES OVER YOUR LIFETIME

The truth is uglier. America has a spending addiction and a tax code nobody understands.

That’s why Bezos’ comments hit such a nerve.

Because deep down, millions of Americans feel the system has stopped rewarding productive behavior. At our 250-year anniversary, do we really want to stop rewarding hard work, productivity and capitalism?

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People don’t mind paying taxes when they believe the system is fair. They revolt emotionally when they feel like the rules are rigged. And that’s exactly where we are right now.

This debate also exposes something even bigger. America may be slowly shifting from an income-tax society toward a consumption-tax society.

In other words: Tax spending more. Tax work less. How about flat tax and VAT tax (a value-added tax)?

JASON CHAFFETZ: 2028 ELECTION WILL BE A REFERENDUM ON OUR AI-DOMINATED FUTURE

That’s why ideas like national sales taxes, VAT taxes, luxury taxes and “consumption-based” taxation are suddenly gaining traction in both political parties.

Because if AI, automation and globalization continue reshaping work, taxing labor may become harder and harder politically.

But before Americans start chanting “zero taxes,” they should ask one critical question.

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Do you want Scandinavian-style taxes with Scandinavian-style benefits? Or American-style taxes with American-style freedom?

Because eventually, math always wins. Personally, I’m a capitalist and not ready to give that up anytime soon.

Jeff Bezos may have started the conversation. But the real fight isn’t about billionaires versus workers.

It’s about whether America still knows how to pay for the country we want to become over the next 250 years.

CLICK HERE TO READ MORE FROM TED JENKIN

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Economy

FINALLY! Americans Get Some MUCH Needed Good News

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FINALLY! Americans Get Some MUCH Needed Good News

Oil prices took a sharp turn Monday, tumbling to their lowest levels in 11 days as traders reacted to signs of possible diplomatic movement between the United States and Iran — while Saudi Arabia finds new ways to keep massive amounts of crude flowing despite mounting turmoil across the Middle East.

Brent crude for November plunged $2.69, or 2.6%, to $101.18 a barrel by 12:54 p.m. GMT after briefly touching its lowest level since September 10.

U.S. crude fell even harder.

West Texas Intermediate’s October contract, which expires Tuesday, dropped $2.69, or 2.7%, to $97.61 a barrel. The November WTI contract stood at $93.49.

The sudden retreat came despite continued fighting across the Middle East and another exchange of threats between Washington and Tehran over the weekend.

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But markets received a potentially significant signal Sunday.

President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to travel to New York for this week’s United Nations General Assembly.

Iran has also reportedly conveyed conditions to mediators for potentially reopening negotiations, according to a report citing Iranian security chief Mohsen Rezaei.

Those signals raised the possibility of renewed talks between Washington and Tehran, reducing some of the immediate fears that further escalation could threaten global energy supplies.

But on the ground, the situation remains volatile.

Iran-backed Houthi forces in Yemen said they attacked Riyadh and a Saudi Aramco facility in the Red Sea city of Yanbu while continuing efforts to expand their control in Yemen.

China has also pressed Iran to help restrain the Houthis following an appeal from Saudi Arabia, according to sources familiar with the discussions.

Meanwhile, Saudi Arabia is making major adjustments to keep its oil moving.

Attacks disrupted the kingdom’s East-West pipeline and complicated shipments through Yanbu, but Saudi Aramco has responded by increasing exports through the Strait of Hormuz this month and next.

That shift appears to be having a significant impact on global supply concerns.

“Middle East oil flows remain surprisingly strong despite the disruption to Saudi Arabia’s East-West pipeline,” JPMorgan analysts said in a September 18 note.

The numbers behind the shift are dramatic.

“The most notable pivot has come from Saudi Arabia,” the analysts said, as satellite data indicated Saudi oil moving through the Strait of Hormuz averaged 2.9 million barrels per day over the previous six days.

In August, that figure had been just 700,000 barrels per day.

That massive increase has helped ease immediate fears that the escalating conflict could trigger a much more serious supply crunch.

Oil producers are also increasingly turning to ship-to-ship transfers near Oman to keep crude moving through the region.

Those workarounds have helped prevent a more severe disruption in global supplies, but they aren’t coming cheaply.

Shipping costs have surged as tankers navigate increasingly complicated and potentially dangerous routes.

There are supply concerns elsewhere as well.

Libya’s National Oil Corporation said production at the country’s Sharara oilfield had been partially reduced, although officials did not provide a reason for the reduction.

Monday’s selloff leaves Brent hovering just above the closely watched $100-per-barrel threshold after prices surged above $108 last week.

That puts global oil markets at a critical point.

On one side, continued fighting, attacks on energy infrastructure and disrupted shipping routes are keeping geopolitical risk elevated.

On the other, Saudi Arabia’s ability to reroute enormous quantities of crude — combined with the possibility of renewed diplomacy between Washington and Tehran — is easing fears of an immediate supply shock.

Now traders are turning their attention to New York.

This week’s United Nations meetings could provide the next major signal about whether Washington and Tehran are moving toward negotiations or whether tensions will escalate again.

At the same time, Saudi Arabia is racing to keep crude flowing through one of the world’s most strategically important — and increasingly volatile — energy corridors.

With Brent sitting barely above $100, either development could quickly send oil markets moving again.

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Culture

Trump Bans Lib Outlets – You Won’t Believe What Happened Right After!

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Trump Bans Lib Outlets – You Won’t Believe What Happened Right After!

President Donald Trump’s escalating battle with the national media has exploded into a full-blown legal showdown after his administration barred CNN, MS NOW and Politico reporters from the White House — a move prominent Republicans are now publicly defending.

Trump announced Friday that the three organizations would no longer be permitted inside the White House, accusing them of repeatedly publishing what he described as “fake news” and unfair coverage of his administration.

By Saturday, the threat had become reality.

Reporters from all three organizations were denied entry to the White House, with some saying their credentials had been deactivated or confiscated.

Now Republicans are lining up behind the president, arguing that news organizations do not have an automatic right to coveted access inside the White House complex.

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House Majority Leader Steve Scalise, R-La., defended Trump during an appearance Sunday on ABC’s “This Week.”

“There are literally thousands of media outlets in America,” Scalise said.

Scalise pointed to the obvious physical limitations of the White House press operation, arguing that only a fraction of America’s news organizations can operate from inside the complex and that the administration has authority over who receives that access.

Sen. Bernie Moreno, R-Ohio, also defended Trump’s decision, pointing to what he described as years of inaccurate and unfair coverage of the president.

Other Republicans have made a similar argument: barring reporters from physically entering the White House does not prevent CNN, MS NOW or Politico from continuing to report on the Trump administration.

And Trump has indicated the crackdown may not end with those three organizations.

“Other Fake News Media Outlets to follow,” Trump wrote.

Asked about other organizations that could potentially lose access, Trump criticized The New York Times and The Washington Post but stopped short of announcing additional bans.

The media organizations targeted by Trump aren’t backing down.

CNN, MS NOW and Politico filed a federal lawsuit Monday seeking restoration of their White House access, arguing that the administration retaliated against them because it objected to their journalism.

The organizations are seeking a temporary restraining order that could quickly force the constitutional fight before a federal judge.

“This morning, we notified the government that we are filing a lawsuit today to protect our First Amendment rights and defend the principle that the government does not decide what the press reports or publishes,” the organizations said in a joint statement.

The White House Correspondents’ Association has also pushed back.

WHCA President Jacqui Heinrich, a Fox News anchor, called on the administration to restore the organizations’ access, arguing that allowing the government to exclude journalists because officials object to their reporting could establish a precedent affecting other news organizations.

And the criticism isn’t coming exclusively from Trump’s political opponents.

Some prominent conservatives have openly broken with the president over the decision.

Former White House press secretary and Fox News contributor Ari Fleischer argued that conservatives should confront media organizations they believe are biased rather than remove their access.

“Argue and defeat them,” Fleischer said. “Don’t ban them. Or one day they’ll ban us.”

Fox News contributor and legal scholar Jonathan Turley similarly called excluding disfavored media organizations from the White House a “terrible precedent and practice.”

The showdown is the latest front in Trump’s continuing fight with the national press.

Early in Trump’s second term, the White House took control over decisions involving which journalists participate in the presidential press pool — a responsibility traditionally handled by the White House Correspondents’ Association.

The administration also previously restricted Associated Press access following a dispute over the organization’s decision to continue using the name Gulf of Mexico while acknowledging Trump’s executive order renaming it the Gulf of America.

That dispute also landed in federal court.

And there is significant history surrounding fights over White House press credentials.

During Trump’s first term in 2018, his administration revoked CNN correspondent Jim Acosta’s press pass following a contentious exchange with the president.

CNN sued.

A federal judge subsequently ordered the White House to temporarily restore Acosta’s credentials while citing due-process concerns.

An even older case could also loom large over the current fight.

In the 1977 case *Sherrill v. Knight*, a federal appeals court held that once the White House establishes press facilities, decisions involving credentials are subject to constitutional protections and cannot be made arbitrarily.

That precedent could become a major issue as CNN, MS NOW and Politico attempt to convince a federal court that Trump’s latest restrictions crossed a constitutional line.

For Trump and his Republican defenders, the argument centers on whether any particular media organization is entitled to special physical access to the White House.

For the three news organizations, the issue is fundamentally different: they contend the government cannot selectively revoke access in retaliation for reporting it dislikes.

Now that fight is moving from the White House briefing room to a federal courtroom — where a judge could determine just how far a president can go when deciding which journalists are allowed through the gates.

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Joe Biden’s Daughter Just Dropped Massive Public Bombshell On Her Dad

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Joe Biden’s Daughter Just Dropped Massive Public Bombshell On Her Dad

The Biden family is facing another round of scrutiny — this time after a former Democratic insider revealed that Ashley Biden threatened her with legal action over allegations involving the 2024 presidential campaign.

Lindy Li, a former Democratic fundraiser with deep ties to the party’s donor network, says Ashley Biden threatened to sue her after Li began publicly alleging that Democratic officials and people close to former President Joe Biden concealed concerns about his condition while he was seeking reelection.

“They wanted to scare me. That was the goal,” Li told Fox News Digital.

Li, who previously raised money for Biden, former Vice President Kamala Harris and other Democrats, details the confrontation in her new book, “Unburdened.”

According to Li, the clash erupted in February 2025 after she began speaking publicly about what she described as serious internal concerns surrounding Biden’s age and his ability to continue campaigning for another term.

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Li has since become one of the Democratic Party’s most outspoken former insiders, alleging that senior figures failed to adequately confront concerns surrounding Biden before he ultimately abandoned his reelection campaign.

Ashley Biden strongly disputed Li’s allegations and threatened legal action in a since-deleted Instagram post, according to screenshots Li provided to Fox News Digital.

Li described the tone of the message as so aggressive that it “bordered on parody.”

According to Li, Ashley Biden called her a liar and asked whether she was “ready for a lawsuit.”

But the threatened courtroom showdown never happened.

Li said the Instagram post disappeared roughly a day later, and no lawsuit was ultimately filed.

Li also challenged Ashley Biden’s apparent claim that she did not know her. She provided Fox News with photographs showing the two women together on multiple occasions.

“Doesn’t even pass the smell test,” Li said.

Li’s accusations carry added significance because she was not simply an outside observer of Democratic politics.

Before her break with the party, she operated inside influential Democratic fundraising circles, working with major donors and Democratic National Committee officials while helping raise money for both Biden and Harris.

According to Li, everything changed when she began publicly questioning whether Biden should remain the Democratic presidential nominee in 2024.

Li said she appeared on Fox News host Shannon Bream’s program on the same day Biden ultimately announced that he was ending his reelection campaign. During the appearance, Li argued that Biden needed to step aside.

“When I went on Shannon’s show to say Biden needs to step aside — and three hours later he did — my access immediately vanished and all my fears about speaking up were justified,” Li told Fox News.

Before that, Li said, she had been invited to White House events as frequently as every few weeks.

After she spoke out, she said those invitations stopped.

Li has characterized the abrupt loss of access as retaliation for her criticism. Fox News reported her account but did not independently establish that she was deliberately punished for speaking out.

The legal threat from Ashley Biden also prompted Li to consult attorneys.

According to Li, her lawyers did not believe a lawsuit was likely to move forward. She said one attorney suggested litigation could potentially open the door to discovery involving internal discussions about the former president.

Li maintains that her public statements about Biden and the Democratic Party were truthful and says she still does not know what specific statement Ashley Biden believed could form the basis of a legal case against her.

The episode adds another chapter to the continuing dispute over what Democratic officials and Biden’s inner circle knew about concerns surrounding the former president during the 2024 campaign — and how those concerns were handled publicly.

Biden ended his reelection campaign on July 21, 2024, following weeks of mounting pressure from fellow Democrats after his June debate against Donald Trump. He endorsed Harris shortly afterward, and she became the Democratic nominee before losing the November election to Trump.

But Biden’s withdrawal did not end the controversy.

Former aides, journalists and Democratic officials have since offered differing accounts of what senior figures knew, when they knew it, and whether concerns surrounding Biden were adequately disclosed to voters.

Li’s account now puts a deeply personal dimension on that broader dispute: a former Democratic fundraiser says that after she began speaking publicly about what she witnessed, the president’s own daughter threatened to take her to court.

The lawsuit never came.

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