E354 - How Did We Get Here: The History of Taxation

<p><span style="font-weight: 400;">In recent days, people in power have discussed proposals as ludicrous as taxing</span> <strong><em>unrealized</em></strong> <span style= "font-weight: 400;">gains, banning the investments in private placements with tax-advantaged accounts, and implementing a federal 43.4% capital gains tax. </span></p> <p><span style="font-weight: 400;">From my perspective, it always feels like these seemingly outlandish proposals are meant to get a pulse on how close the citizenry is to tolerating the new level of taxation and set the stage for what might be soon to come.</span></p> <p><span style="font-weight: 400;">Given the way this conversation is going in the media, I’ve found myself asking a question that I’m sure many of you have been asking as well… </span></p> <p><span style="font-weight: 400;">How on earth did we get here, and why is this happening? </span></p> <p><span style="font-weight: 400;">Today, we are joined by Domic Fisby, the author of several books, including</span> <strong><em>Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future</em></strong><span style="font-weight: 400;">. The book reveals many truths about taxation, as well as the implications of the actions central banks have taken in recent years. </span></p> <p><span style="font-weight: 400;">In this episode, we are going to discuss… </span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">What the history of central banks and taxation tells us about war, and why it’s impossible to stop (despite being so unpopular) </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why the pronounced boom/bust cycles that we are taught are a result of “natural” capitalism, might in fact be directly related to central banks who control both the money supply, as well as the interest rates applies to that money </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How the digital world has impacted taxation