GET THE APP
Support
Friday, April 26, 2024
13 minutes ago
Jack Montgomery
Politics
UK

Bannon: Farage Can Take Over Tories Like MAGA Runs GOP.

War Room host and former White House chief strategist Stephen K. Bannon has predicted Brexit leader Nigel Farage will return to frontline politics and become Prime Minister of the United Kingdom after the governing Conservative Party loses the next British general election to Labour.

“I’ve been a huge supporter of Nigel’s to get back in this thing in some official capacity. I think Nigel Farage will be Prime Minister after Sir Keir [Starmer],” Bannon said, referring to the Labour leader. Labour is on course for a landslide victory in the next election.

“My advice to [Farage] is after the slaughter [the Conservatives] are going to have at the polls [due to] not really standing for anything, that’s time for Nigel,” Bannon continued. However, he suggested Farage should not seek high office via the Reform Party, his current affiliation, but instead take over the Conservatives.

‘GRASSROOTS UPWARDS.’

“I was a big advocate of not starting a third party after the 2020 election was stolen,” Bannon explained. He highlighted the MAGA movement’s “precinct strategy” of taking over the Republican Party from the grassroots upwards.

“In the last four months, we essentially removed Mitch McConnell as the minority leader in the Senate,” said Bannon. We took out the Republican Party senior apparatus, all of them gone,” he said, referring to what National Pulse editor-in-chief Raheem Kassam called the “McLeadership.”

“And we fired a sitting Speaker of the House, Kevin McCarthy, for the first time in the history of the Republic, and right now, we have a second Speaker in our gunsights,” he added, referring to Speaker Mike Johnson. Johnson faces criticism for allowing aid for Ukraine, Israel, and Taiwan to go through without meaningful border security measures. He also faces criticism for drawing fire away from Joe Biden over Gaza.

“I would tell our brothers and sisters in the United Kingdom, you can do this at the grassroots level,” Bannon stressed. “Nigel Farage is a populist; Nigel Farage is a nationalist. You need to put Great Britain first, the United Kingdom first, and you need, particularly, to put your citizens first,” he said.

show less
War Room host and former White House chief strategist Stephen K. Bannon has predicted Brexit leader Nigel Farage will return to frontline politics and become Prime Minister of the United Kingdom after the governing Conservative Party loses the next British general election to Labour. show more
Source
Discuss

Editor’s Notes

Behind-the-scenes political intrigue exclusively for Pulse+ subscribers.

RAHEEM J. KASSAM Editor-in-Chief
The image on this article was provided by my good friend Stuart, who also goes by Inc Monocle on Twitter
for exclusive members-only insights
The image on this article was provided by my good friend Stuart, who also goes by Inc Monocle on Twitter show more
for exclusive members-only insights
1 hour ago
Raheem J. Kassam
Lawfare

NYT: ‘U.S. Constitution Needs Fundamental Change… to Stop Trump.’

During the Supreme Court arguments on the Trump immunity case on Thursday, DEI justice Ketanji Brown Jackson signaled her dismay with the U.S. Constitution, seemingly angered by the fact that it doesn’t allow for the random political prosecutions of political figure, as if America were Burkina Faso. Like clockwork, the New York Times has followed […]

Read more
Footer Ad
Footer Ad
Biden Capital Gains Tax Increase
2 hours ago
William Upton
Economy
Politics

Biden’s Capital Gains Tax More Than DOUBLE That of Communist China.

Joe Biden‘s 2025 budget proposal could raise the federal capital gains tax to as high as 44.6 percent for many Americans. When combined with state-level capital gains taxes, the rate could exceed 50 percent in some of America’s most populous states. Two provisions in the budget are responsible for the increase: one that raises the tax rate across the board and another that bumps the rate further on high-income earners.

A footnote in the Biden budget details the rate hike: “A separate proposal would first raise the top ordinary rate to 39.6 percent … An additional proposal would increase the net investment income tax rate by 1.2 percentage points above $400,000.” The footnote continues: “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.”

Americans for Tax Reform (ATR)’s analysis of Biden’s budget further notes that “California will face a combined federal-state rate of 59 [percent], New Jersey 55.3 [percent], Oregon at 54.5 [percent], Minnesota at 54.4 [percent], and New York state at 53.4 [percent].” According to the tax group, if Biden‘s budget were enacted, the effective capital gains rate would be more than double that of Communist China.

The Biden capital gains plan would result in the highest rate ever enacted in the United States, exceeding the 40 percent rate under President Jimmy Carter. Additionally, ATR notes the budget proposal would also remove “stepped-up basis” when a parent dies, effectively enacting a second Death Tax. This would result in a mandatory capital gains tax realized at death. When Congress attempted to end the “stepped-up basis” in 1976, they had to reverse the decision before the law took effect as it was completely unworkable.

Carter would go on to lose the 1980 presidential election by a landslide.

show less
Joe Biden's 2025 budget proposal could raise the federal capital gains tax to as high as 44.6 percent for many Americans. When combined with state-level capital gains taxes, the rate could exceed 50 percent in some of America's most populous states. Two provisions in the budget are responsible for the increase: one that raises the tax rate across the board and another that bumps the rate further on high-income earners. show more
Discuss
Who's In Line to Buy TikTok
3 hours ago
News
TECH

Who’s In Line to Buy TikTok… If They Sell.

Several American luminaries in tech and finance are preparing bids to acquire TikTok, following recently introduced legislation mandating that its Chinese parent company, ByteDance, divest from the app or see it banned in the U.S. Key figures involved in potential bids comprise Steven Mnuchin, former U.S. treasury secretary; Bobby Kotick, ex-CEO of Activision Blizzard, who is potentially partnering with OpenAI CEO Sam Altman; Bill Ackman, chief of Pershing Square hedge fund; and Kevin O’Leary, the well-known ‘Shark Tank’ investor.

The attempted acquisition of TikTok faces significant hurdles. ByteDance must still secure approval from the Chinese Commerce Ministry, which previously expressed strong opposition to a sale. Another challenge is the app’s core algorithm, which is unlikely to be part of the sale, meaning successful buyers would inherit just the brand and user base, necessitating a complete technological overhaul. ByteDance has reportedly said it would rather see the app banned than give up control due to concerns over its algorithm.

Based on analyst valuations, the potential purchasing party would also need to inject upwards of $100 billion into the deal. Furthermore, the acquisition must withstand regulatory scrutiny, predominantly from the Federal Trade Commission. Due to existing antitrust concerns, this effectively eliminates big tech players like Meta and Apple from the acquisition race.

On Wednesday, Joe Biden signed into law legislation mandating that ByteDance divest from TikTok within one year or else downloads and updates of the app will be banned in the U.S. TikTok also faces controversy in Europe, where regulators have launched an investigation into the app’s age-verification process and its “addictive features.”

show less
Several American luminaries in tech and finance are preparing bids to acquire TikTok, following recently introduced legislation mandating that its Chinese parent company, ByteDance, divest from the app or see it banned in the U.S. Key figures involved in potential bids comprise Steven Mnuchin, former U.S. treasury secretary; Bobby Kotick, ex-CEO of Activision Blizzard, who is potentially partnering with OpenAI CEO Sam Altman; Bill Ackman, chief of Pershing Square hedge fund; and Kevin O’Leary, the well-known 'Shark Tank' investor. show more
Discuss
Footer Ad
Footer Ad
U.S. birthrate fertility rate
4 hours ago
Health
News

U.S. Birth & Fertility Rates Continue to Fall.

The U.S. birthrate and fertility rate continue to decline significantly, according to provisional data from the Centers for Disease Control and Prevention (CDC). In 2023, the number of births decreased by two percent to about 3.6 million, while the general fertility rate saw a three percent drop to 54.4 births per 1,000 females aged 15 to 44.

The data reveals that the 2o23 birth rate is even lower than that recorded in 2020, the first year of the COVID-19 pandemic. The sharpest decline in births occurred among women in their 20s. Conversely, women over 40 were the only demographic to experience an increase in births, albeit at a low rate of 12.6 percent.

These declining rates coincide with data showing that new mothers continue to get older — a trend linked to higher educational achievements, increased workforce participation, and delayed marriages. Moreover, cesarean deliveries represented nearly a third of all births in 2023, even becoming more prevalent in low-risk births.

The trend of declining birthrates in the U.S. mirrors similar patterns in other affluent nations worldwide, potentially due to factors like economic instability, ongoing pandemic uncertainties, rising healthcare costs, and the influence of radical, anti-family feminism. Extremist proponents of ‘overpopulation theory’ have praised declining birthrates in Western nations. Last year it was reported that not a single EU nation has “self-sustaining birthrates.”

show less
The U.S. birthrate and fertility rate continue to decline significantly, according to provisional data from the Centers for Disease Control and Prevention (CDC). In 2023, the number of births decreased by two percent to about 3.6 million, while the general fertility rate saw a three percent drop to 54.4 births per 1,000 females aged 15 to 44. show more
Source
Discuss