Exposed: The Inflation Reduction Act

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 14 December 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2022, President Joe Biden signed the Inflation Reduction Act which “aims to curb inflation by reducing the deficit, lowering prescription drug prices, and investing into domestic energy production while promoting clean energy.” Today’s guest argues that it does none of those things.

Tom Wheelwright, the author of Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make, says, “There’s nothing in there that reduces inflation. In fact, I call it the ‘Inflation Enhancement Act’.”

Additionally, Wheelwright explains the impact this Act will have on businesses through the removal of some of the common tax deductions that business owners are currently receiving.

Host Kim Kiyosaki and guest Tom Wheelwright discuss analyze and discuss the impact and effects of the Inflation Reduction Act, and the five things you can invest in to protect your wealth.

Transcript

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0:00.0	This is the Rich Dad Radio Show, the good news and bad news about money.
0:07.0	Here's Robert Kiyosaki.
0:09.0	Hello and welcome to the Rich Dad Radio Show, the good news and bad news about money.
0:13.0	I'm Kim Kiyosaki sitting in for Robert today.
0:16.0	And we have a very, very important show today because getting close to that time of year
0:21.0	and there's a lot of funny stuff going on in the economy and inflation is on a lot of people's mind
0:27.0	and of course going with inflation taxes are also on people's mind.
0:32.0	So we're going to talk about the bad news and we're going to talk about the good news
0:38.0	because there is both going on here in the world and are very, very special guest.
0:42.0	Today is Tom Willwright, he's a Rich Dad advisor, author of the book Tax Free Wealth
0:48.0	and his new book is called The Win-Win Wealth Strategy 7 Investments.
0:52.0	The government will pay you to make.
0:54.0	So welcome to our show, Tom.
0:57.0	It is always going to be with you Kim, love being here.
1:00.0	Thanks. Well, today's show is going to be a little bit different
1:03.0	because we're really going to get into some of the practical things that are happening
1:07.0	and specifically around taxes.
1:09.0	How that might affect you, the viewer, how that might affect your tax situation
1:14.0	and what you can do about it.
1:16.0	And it's actually, I think, and Tom, you can talk to this.
1:19.0	It's more, it's bigger than just taxes.
1:22.0	It's really preparing for your financial life.
	...

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