Dominic Frisby: Is Tax Legal Theft?

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.8 • 1.4K Ratings

🗓️ 29 May 2022

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Is taxation a form of theft or is it a price we pay for a civilised society? Listen into this episode where Rob interviews Dominic Frisby all about the history of taxation, his thoughts on how we tax now and what he thinks would be better solutions for society. KEY TAKEAWAYS The evidence is that tax is as old as civilisation itself. There has been examples of voluntary taxation, such as Ancient Greece. But in the modern world it is forced. Privatisation of state services isn’t a solution as it is usually a monopoly so prices are high and value is low for consumers. The first thing people spend money on after essentials is on self-improvement, on education. The free market provided the means for people to learn. If you look at any event in history you will find a tax story behind it, including the right for women to vote; it meant they would then pay taxes. Dominic believes that the lockdowns and restriction over covid were too much and caused more damage than they prevented. It’s ruined lives and businesses. However, it has also accelerated some more positive aspects of life, including remote working. Dominic said that the world economic forum is awful. He doesn’t agree with the viewpoints that this group project. Dominic believes we should replace as many taxes as possible and just have one flat, single tax based around land and transparency. BEST MOMENTS “It was intended for the rich but it impacted the poor the most” “Fix money, fix the world” “You’re seeing a new rise of a workforce that’s harder to tax” “I don’t believe in that Blairite world view” VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

Click on a timestamp to play from that location

0:00.0	Saving money will never make you rich. You have to invest your way to wealth.
0:04.0	It's wise to be contrarian with your investments, and as a former artist, I know that art is an outstanding asset class.
0:11.0	Masterworks is the first platform where you can invest in masterpieces by legends like Picasso and Banksy without spending millions.
0:19.0	Already this year, Masterworks has paid out net annualised returns of 10, 17 and 35%.
0:25.0	Masterworks latest exit delivered in annualised net return of 77.3%.
0:31.0	So you can see why Masterworks has 780,000 plus users, but my listeners can skip Masterworks waiting list right away.
0:39.0	Just go to masterworks.art forward slash disruptors. That's masterworks.art forward slash disruptors.
0:47.0	And a massive thank you to Masterworks for sponsoring this episode.
0:52.0	Taxing billionaires isn't going to cure the fact that most government services are cramped.
0:59.0	Dominic is tax illegal theft?
1:04.0	Well, it's legal theft.
1:08.0	That's the great moral argument. Is taxation a form of theft or is it the price we pay for a civilised society in the answer is probably somewhere in between the two?
1:18.0	So how did it start then because I understand a few hundred years ago most of the taxes we have in the current form didn't exist?
1:26.0	A lot of them didn't. Income tax didn't really exist, but the evidence is that sadly that taxation is as old as history itself.
1:36.0	There's never been a civilisation without some form of taxation.
1:41.0	There have been examples of civilisations where taxation was voluntary. Ancient Greece for example.
1:47.0	But today it's very, very, very compulsory.
1:54.0	And it's taken by force, if you don't pay, you go to prison.
1:58.0	In many cases it's taken by stealth. If you think of stealth, you know, so many hidden taxes, even in a way income tax is taken by stealth.
2:09.0	Inflation is obviously taken by stealth, but income tax is taken by said. It's stealth in the sense that many of us haven't deducted at source before we've even actually received the money in our hands.
2:21.0	So yes, and it's also taken without choice in that you can't choose which taxes you want to pay in which you don't.
2:29.0	I mean, you could say you don't buy that product and you don't pay the AT in that sense. There's a choice, but in most cases it's not optional. It's compulsory.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rob Moore, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Moore and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.