Inflation, Taxation, Then Deflation Will Destroy Prosperity. Guaranteed.
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 23 August 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
The Harris-Walz ‘plan’ for taxes and the economy are guaranteed to lead to ruin. But they make for great policies rooted in envy and resentment – the twin sources of fuel for all Communist-Marxist movements throughout history. Please take heed and move your wealth out of harms’ way.
Transcript
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| 0:00.0 | Nothing in this program should be considered investment advice. |
| 0:03.2 | It is for educational purposes only. |
| 0:05.3 | Please hit pause and read this disclaimer in full. |
| 0:10.2 | Camilla Harris' proposed tax and economic policies are an absolute disaster. |
| 0:17.6 | The following is the audio version of a video released at peak prosperity.com. |
| 0:23.1 | Visit peakprosperity.com to watch the video and to find other insightful content, |
| 0:28.0 | such as articles, discussion forums, and exclusive subscriber-only content. |
| 0:46.0 | Hello, everyone. Dr. Chris Martins here with an episode of Finance You, where we're going to help you understand the world's events. |
| 0:47.5 | So let's talk about this. |
| 0:53.2 | This is absolutely unbelievable what Kamala Harris is proposing. |
| 0:56.7 | And by the way, I'm here as a representative of peak financial investing. |
| 1:00.5 | You can get to it at peak financial investing.com. |
| 1:04.0 | Now, what are we going to do with Camilla Harris's proposals here? Because these things are absolutely ruinous. |
| 1:08.6 | And let's start here. The proposals, her economic proposals just came out. |
| 1:16.6 | A 28% corporate tax rate, that'll bring it up from 20%, so that's a fairly big hike. A 44.6 |
| 1:22.5 | capital percent capital gains tax, 25% tax on unrealized gains. |
| 1:28.5 | That's if you have more than a certain level of assets, of course. |
| 1:32.1 | We'll get to that in just a second. |
| 1:33.4 | Price controls, no tax on tips, up to 6K child tax credit. |
| 1:38.8 | That's meaningless noise in this larger thing, but let's not forget about the price controls. |
| 1:43.8 | Now, a lot of what's going on here |
| 1:46.9 | is really these were continuations of Biden's tax policies, which I covered a while ago, right? These |
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