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TFTC: A Bitcoin Podcast

#517: Why Eliminating The Income Tax Would Supercharge The US with Peter St. Onge

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 26 June 2024

⏱️ 85 minutes

🧾️ Download transcript

Summary

Marty sits down with Peter St. Onge to discuss Trump's rumored plan to replace income tax with tariffs.


Peter on Twitter: https://twitter.com/profstonge


0:00 - Intro
0:50 - El Salvador
4:23 - Vibe shift
12:26 - River & Unchained
13:42 - Mass immigration and nationalism
17:51 - Trump’s rumored tariff plan
24:49 - Media and education
29:18 - Gradually, Then Suddenly & Zaprite
30:56 - Countering lies
38:10 - Headwinds for next election
45:40 - Dedollarization
50:42 - Has the melt up already started
1:00:27 - Feeling the inflation
1:06:42 - Bitcoin and Trump
1:14:02 - We’re gonna win
1:16:44 - Presidential debate
1:21:35 - Back to tariffs and taxes


Shoutout to our sponsors:

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Transcript

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0:00.0

This rip of TFTC was brought to you by River.

0:07.5

It's the best place to buy Bitcoin.

0:09.7

Go to river.com slash TFTC and enjoy this episode. You've had a dynamic where money has become freer than free.

0:24.7

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:30.3

So it's all acting like safe haven.

0:32.5

I believe that in a world where central bankers are tripping over themselves to devalue their currency,

0:38.5

Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

0:43.3

I mean, that's part of the bold case for Bitcoin.

0:46.0

If you're not paying attention, you probably should be.

0:50.7

Jesus, I've seen what you've done for others, and I want that for myself.

0:55.7

Is that how you felt coming back from El Salvador?

1:00.2

El Salvador is fantastic, yeah.

1:02.1

I mean, first off, he had a bunch of bitcoins down there, so that was a lot of fun.

1:05.6

You got a lot of bitcoins living down there permanently now.

1:08.6

So you got, like, Lena from little Hodlers.

1:10.6

You got Max and Stacey, of course. So there's like Lena from little hoddlers, you got Max and

1:11.1

Stacey, of course. So there's a whole little community kind of cropping up in San Salvador and down

1:16.3

by the beach. And just the vibe in, in Al Salvador is fantastic. You know, people are, I mean,

1:22.5

first off, they're very nice, very welcoming. They're thrilled to see tourists. That's something

1:27.1

they haven't seen in a long time.

1:29.1

And people are really just proud of what's happening in the country, you know, talking to

1:33.7

waitresses or taxi drivers, kind of regular Salvadorians.

...

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