EUROPE IS COLLAPSING: €2 TRILLION MEGABUDGET Will Bankrupt the Entire Continent | Redacted
🎬 Video Summary & Detailed Explanation (Chronological Order)
1. Introduction: A Shocking Announcement
The video opens with a sarcastic congratulations to Europe:
"All right. Well, congratulations Europe. Your taxes will go up for a massive new spending package unveiled by European Commissioner President Ursula Von Vanderlion."
The host introduces the €2 trillion euro spending plan for the next EU budget cycle, highlighting its enormous scale:
"This is a €2 trillion euro spending plan for the next budget cycle. It's being marketed as strategic, but what it really is is debt-fueled bureaucracy on steroids that will tax Europeans even more than they already are."
Key Point:
- The new budget is a 64% increase over the previous one.
- The host calls it "one of the craziest things I have ever seen" and says it's "chalk full of new taxes for Europeans that are already suffering from a crap economy."
2. The Reality Behind the Budget
The video criticizes the way the budget is being presented:
"What they're calling it is own resources, as in you own it, Europeans, we're going to take it. No one."
The host explains that government spending leads to inflation:
"Now, everyone knows that government spending leads to fueling inflation. That's not conspiracy. It's basic economics. Print more money, create more debt, drive prices up."
Key Points:
- Europeans are still paying for COVID-era social programs.
- There is a "blank check obsession with Ukraine."
- The EU's solution is to "double down. Spend more. Borrow more."
3. How Will This Be Funded?
Almost half of the €2 trillion will be borrowed:
"Now, almost half of this €2 trillion will be borrowed by debt because they don't have it on top of the fact that they're still paying that 750 billion euro pandemic debt."
The EU claims "no higher national contributions", but the host warns:
"It will lead to new taxes."
4. The New Taxes: "Own Resources"
The host emphasizes how Europeans are already highly taxed:
"Europeans are highly taxed in comparison to Americans. They spend 40% of their income on taxes. Well, that still leaves 60% of their money to tax and the European Commission will do it."
New Taxes Include:
- Carbon emissions
- Carbon imports
- Tobacco
- Uncollected e-waste
- Corporate flat fee for companies
- Foreign traveler fee just to enter
"This money comes from what they call own resources. That means Europeans own it. We're going to take it."
5. The E-Waste Tax: Bureaucracy Gone Wild
The host is especially critical of the e-waste tax:
"Did you catch what I said? Uncollected e-waste. This is extra crazy. It's a new tax on electronics that you don't recycle. So each European country will track every electronic device and if it does not get recycled, they will tax it at €2 per kilogram."
Example:
- If you have four iPads weighing a kilogram, that's a €2 tax if not recycled.
"So literally you're just taxing people that you think don't recycle."
The hosts joke about the absurdity:
"If I'm a citizen of Germany and I buy an iPad, am I like phoning up Ursula Vanderline going, 'Hey, Ursula, just letting you know I have an iPad. You know, it weighs this much and then what? I'll call you back in a couple years when I recycle it. Thanks.' Like, what? How is this working?"
They point out the practical problems:
- What if you gift or sell a device?
- How do you prove you recycled it?
- What about missing single socks or one lost AirPod?
"You know, if there's one thing Europe needs, it's more bureaucracy and paperwork. Europeans love paperwork and that's why nothing gets nothing happens in Europe and it's stuck to it's 300 years old 300 years ago because they have so much paperwork and bureaucracy."
6. Mass Surveillance Concerns
The hosts warn that this opens the door to mass surveillance:
"But it also opens the door to mass surveillance of consumption."
They joke about the level of tracking:
"I guess I have to track your phone now. I have to track your location. I don't know where that phone went. So I need a pinger on it at all times. I need mass surveillance."
7. Interlude: Hillsdale College Ad
The video briefly pauses for a sponsored message about free online courses at Hillsdale College, including:
- "Introduction to Aristotle's Ethics: How to Lead a Good Life"
- "The works of CS Lewis"
- "The meaning of the US Constitution"
- "The rise and fall of the Roman Republic"
8. More Bureaucracy, More Problems
The hosts continue to mock the expanding bureaucracy:
"Why just electronics? Like, what's next? Your socks. Then you're going to have to... Okay, well, Natalie bought those socks two years ago. She'd be ready to recycle. There's no proof that she did or did she upcycle it or not? Then there's a task."
They highlight the impracticality for smaller countries:
"This is going to be really hard for a country like Portugal to do. They're now going to have to track their citizens how many devices they have and then track when they come back. They don't have the bandwidth for that."
9. The Military-Industrial Complex & Broken Window Fallacy
The host notes that a big part of the budget is for defense:
"Vanderion is very much we need this because Russia, of course, Europe's military-industrial complex is a toddler compared to the American one, but they have ambition. Here's how they lay this out. They sell it as we're spending five times more on defense. But don't worry, it'll create jobs."
He calls this the broken window fallacy:
"This is them using the broken window fallacy, the idea that breaking a window is good for the economy because someone gets paid to fix it. It's not true. But in Europe, they're saying war equals growth."
10. Agriculture, Social Inclusion, and Dutch Farmers
The EU claims the budget will help agriculture, fisheries, and social inclusion:
"They mention fisheries and stuff, but also social inclusion. What does farming have to do with social inclusion in this?"
The hosts reference the Dutch farmers:
"Did they get this memo? Did they recycle them? What like what is going on with the Dutch farmers?"
They point out that many Dutch farmers lost their farms due to government policies, supposedly for the climate.
11. No Democratic Oversight: "New Taxes Without Representation"
The host emphasizes the lack of democratic process:
"The Europeans don't even get a say. There's no Congress to block this. So Ursula Vander Lion wants it. She gets it. This is truly new taxes without representation because no European citizen can push back on this. You cannot. It's just here you go. There's some new taxes. Live with it."
Key Point:
- "It's not really democracy, it's technocratic rule wrapped in this sustainability level. It's absolutely crazy. And yeah, Europeans, you're the one paying for it."
12. Audience Feedback & US Comparison
The chat thanks the hosts for covering EU news:
"Thank you for covering EU news."
The hosts note that such news is often suppressed in Europe.
They compare the tracking of electronics to the lack of tracking for military weapons sent to Ukraine:
"Let me get this straight. You can track my phone, but you can't track a bomb."
They warn that mass surveillance is coming to the US as well:
"All of the mass surveillance in the US is coming too. So, we're like sort of laughing about it being in Europe. I mean, sad, but it's coming here, too."
13. Final Thoughts: The Inevitability of Tracking
The hosts predict that the EU will track everything sold and tax accordingly, regardless of individual compliance:
"They'll just track everything that's sold in that country and then just be like, 'Okay, well, here's how many recycled.' And so, you know, like just like keep it simple so it's not on an individual basis, but so it doesn't matter if they're doing it or not. Like, if something gets lost, they're still going to like they're still going to get their money."
They conclude:
"Pretty sure this opens the door to actual tracking of devices that there's no way they're not going to do that given that they've just put it into law."
🌟 Key Takeaways
- The €2 trillion EU budget is a massive increase, funded largely by debt and new taxes.
- New taxes target carbon, tobacco, e-waste, corporations, and even travelers.
- The e-waste tax is especially controversial, requiring tracking of every electronic device.
- The plan is criticized as bureaucratic, inflationary, and undemocratic.
- There are serious concerns about mass surveillance and loss of personal sovereignty.
- The hosts argue that Europeans have no real say in these new policies.
- The video ends with a warning that similar policies could spread to the US.
"It's not really democracy, it's technocratic rule wrapped in this sustainability level. It's absolutely crazy. And yeah, Europeans, you're the one paying for it."
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