2 months ago
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PULSE POINTS:
❓What Happened: Klaus Schwab, founder of the World Economic Forum (WEF), announced this week he will step down from his role as chairman after leading the organization for five decades.
👥 Who’s Involved: Klaus Schwab, the WEF board of trustees, and CEO Børge Brende. Departing executives also include chief legal officer Nicola Port and technology head Malte Godbersen.
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📍 Where & When: Schwab plans to leave his position with the WEF based in Switzerland, with the process of finding a new chairperson expected to conclude by January 2027.
💬 Key Quote: “This period of reflection has been grounded in a desire not just to do things differently, but to do them better,” said WEF CEO Børge Brende.
⚠️ Impact: Schwab’s departure signifies significant leadership changes within the WEF following an investigation of workplace bias allegations, though those claims were not verified.
IN FULL:
Klaus Schwab, the founder of the globalist World Economic Forum (WEF), has announced his decision to step down from his chairman role after 50 years at the helm. The organization, based in Switzerland, is beginning the search for a new chairman, with plans to complete this process by January 2027.
This development follows an internal examination by the WEF board into allegations of racism and gender bias within the organization’s work environment—allegations that Schwab and the Forum have consistently denied. The investigation did not substantiate the claims against Schwab, though it prompted discussions on organizational leadership and workplace culture.
Schwab had initially announced in May last year his intention to transition from executive chairman to non-executive chairman, and this week’s announcement formalizes his eventual full departure. Schwab, widely recognized for his work on the anti-human “Great Reset,” has been a prominent figure in global discussions, attracting attention from various political perspectives, particularly conservatives who view him as emblematic of globalism.
In addition to Schwab’s announcement, the WEF’s other leadership changes include the exits of chief legal officer Nicola Port and head of technology and digital services Malte Godbersen.
The World Economic Forum is an unelected, unaccountable gathering of leaders from across governments and major corporations who convene multiple times a year around the world, most notably at Davos in Switzerland for an annual globalist conflab.
PULSE POINTS:
❓What Happened: Former Vice President Mike Pence, who is pushing the GOP to reembrace unpopular globalist economic policies, is criticizing President Donald J. Trump’s imposition of extensive global tariffs, claiming they represent the largest peacetime tax increase in U.S. history.
👥 Who’s Involved: Mike Pence, Donald Trump, and America First conservatives, including Trump’s trade advisor Peter Navarro.
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📍 Where & When: Pence posted criticism to X (formerly Twitter) Wednesday evening following President Trump’s “Liberation Day” event.
💬 Key Quote: “The Trump Tariff Tax is the largest peacetime tax hike in U.S. history,” claims Pence.
⚠️ Impact: Critics like Pence claim the tariffs could cost American families over $3,500 per year, destroy jobs, and weaken conservative political standing. Additionally, the Pence-led Advancing American Freedom PAC contends the tariffs will counteract the benefits of previous tax cuts.
IN FULL:
Former Vice President Mike Pence publicly criticized President J. Donald Trump’s imposition of a 10 percent blanket global tariff and additional targeted tariffs in response to pre-existing foreign trade barriers, claiming the new import duties will result in significant economic burdens for American families. Additionally, in a Wednesday night post on X (formerly Twitter), Pence asserted the tariffs represent the most substantial peacetime tax increase in U.S. history.
“The Trump Tariff Tax is the largest peacetime tax hike in U.S. history,” Pence claimed, adding: “These Tariffs are nearly 10x the size of those imposed during the Trump-Pence Administration and will cost American families over $3,500 per year.” Attached to Pence’s X post was a screenshot of anti-Trump tariff talking points pushed by his Advancing American Freedom PAC.
Advancing American Freedom PAC’s claim that the tariffs will cost American families over $3,500 per year is based on a Goldman Sachs estimate, which pegs the total tariff revenue at around $300 billion annually. However, Pence and his Advancing American Freedom PAC appear to assume that American families will bear the bulk of the tax burden imposed by the tariffs—a fairly unlikely scenario—and not foreign companies attempting to maintain their market share in the United States.
Meanwhile, Pence’s assertion that Trump’s tariffs are “the largest peacetime tax hike in U.S. history” is on equally shaky ground. While tariffs are technically taxes, they are not entirely borne by Americans, with at least part of the import duty paid by foreign companies. Additionally, Advancing American Freedom PAC states that Trump’s tariffs are the highest imposed since the 1800s, claiming the imposed rate is higher than the Smoot-Hawley tariffs from the Great Depression.
The first claim is dubious at best, though the assertion that the Trump tariff rate is higher than those imposed under Smoot-Hawley is patently false. Pence and Advancing American Freedom PAC are playing fast and loose with what they consider the average tariff rate to make the claim. The Smoot-Hawley tariffs imposed a 59.1 percent rate on dutiable goods, though around 63 percent of foreign imports were not considered dutiable under the law. This places the average tariff rate under Smoot-Hawley at just under 20 percent.
President Trump’s tariffs include a blanket 10 percent tariff on all imports with additional target tariffs on specific countries with pre-existing trade barriers against American exports. Estimates regarding the average rate range from around 15 percent to 20 percent, though the lower side of the range appears more likely.
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