Bitcoin, Gold and Tax with Dominic Frisby - WBD319
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 9 March 2021
⏱️ 132 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Thursday 4th March Company: dominicfrisby.com Role: Author, Comedian & Voice Actor
COVID-19's impact on the global economy has been immense. Efforts to counter these effects have been varied, from unprecedented levels of money printing to increased taxation and other fiscal policies.
Rishi Sunak, the Chancellor of the Exchequer, recently announced that, in 2023, there will be an increase in corporation tax in the UK, claiming this would put the burden on business to support the economic recovery from COVID-19. It has, however, raised concerns that this may force companies to move elsewhere.
Dominic Frisby is a British author, comedian and voice actor who has written several books, including; Bitcoin: The Future of Money and, more recently, Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future.
In this interview, I talk to him about his book Daylight Robbery, the effects of taxation and the proposed rise in corporation tax in the UK, libertarianism and gold vs bitcoin.
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Transcript
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| 0:00.0 | The most expensive purchase you ever make in your life is your government and over the course of your life |
| 0:08.7 | Assuming you leave a legally abiding life roughly 50% of everything you ever will be taken from you in taxes. |
| 0:16.2 | Hello there from Bedford in the United Kingdom. How are you all doing? Are you having a good |
| 0:20.8 | week? Bitcoin has rallied back over $54,000 overnight. |
| 0:27.0 | Looking pretty hot at the moment. |
| 0:29.0 | Just like we're going to hit 58K again. |
| 0:30.0 | Maybe over 60K, another all-time high. We haven't had one for a few weeks. |
| 0:34.5 | Bull shit, isn't it? Come on, Bitcoin, do your thing. Anyway, welcome to the What |
| 0:39.1 | Bitcoin did podcast, which is brought you by the mighty Crackhan the best place to buy it sell and trade |
| 0:43.6 | Bitcoin I'm your host Peter McCormack and today I've got a fellow Brit on the |
| 0:47.9 | show I've got the absolutely amazing Dominic Frisbee and we're going to be discussing the burden of |
| 0:53.7 | tax, Bitcoin and gold. But before that I have a message from my amazing show |
| 0:58.8 | sponsors. First up today we are kicking off with Exodus Wallet. Now I've been telling you about these |
| 1:04.7 | for a little while now. As you know, the banks have closed my bank accounts. They gave me |
| 1:10.0 | 65 days notice. Fuck you Lloyd's bank. And because I'm increasingly running my business |
| 1:15.5 | on Bitcoin, I invoice on Bitcoin, I get paid in Bitcoin, and now I don't have access to the banks, |
| 1:20.4 | I just needed a very good wallet to be able to do my end of month transactions to |
| 1:25.7 | audit it all and send it over to my accountant and so when Exodus reach out to me and |
| 1:30.0 | they were like Pete who want to sponsor your show I I was like, well, let me see your wallet. |
| 1:33.5 | And I had to play with it. |
| 1:34.3 | And it's pretty amazing. |
| 1:35.4 | So I was like, cool, come on board. |
... |
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