The Biophysical Taxman Cometh | Frankly #48
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 553 Ratings
🗓️ 3 November 2023
⏱️ 17 minutes
🧾️ Download transcript
Summary
Recorded October 31 2023
Description
In this Frankly, Nate expands on our conventional definition of "taxes" to highlight nine other categories that will 'tax' our modern lifestyles. Traditionally, when we think of net and gross income, we only think of direct government taxes that subtract from what we take home. What are other taxes - resulting from our system's ecology - which will factor into the way society can pay for the goods and services we've become used to? As converging global crises intensify and each add their own 'tax', can we learn to manage with a smaller "net " resource balance sheet - and maintain our time, sanity, and humanity through the coming decades?
Watch on Youtube: https://youtu.be/27WBbdMcfmM
For Show Notes and More: https://www.thegreatsimplification.com/frankly-original/48-the-biophysical-taxman-cometh
Transcript
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| 0:00.0 | Greetings. Last week I did a frankly talking about Franklies. Really the purpose of listening |
| 0:09.2 | those things was kind of a social contract to remind me to do those in the future and give a |
| 0:17.6 | glimpse into what's going on in my mind. Of course, today is Tuesday, October 31st. |
| 0:23.6 | Happy Halloween. I'm going as a podcast host. |
| 0:28.6 | Today I'd like to talk about taxes and more specifically 10 ways that taxes and higher handicaps from the gross giving us a smaller net are coming in the |
| 0:46.8 | near term future. So when we think about government taxes, let's just for ease of math, say we make $100,000 a year, |
| 1:00.3 | and we get to keep $75,000. |
| 1:02.7 | We have to pay the government 25%. |
| 1:05.4 | So there's a difference between the gross and the net. |
| 1:08.5 | Everyone understands this. |
| 1:14.5 | I'm going to talk today about the United States and the coming taxes that I can see in different categories, but this generally applies |
| 1:21.8 | to other countries as well. By the way, I don't know what to make of this, but 38% of the watchers of this podcast are from the United States. |
| 1:31.1 | And we're between almost 80,000 people have signed up on the various podcast platforms and YouTube. |
| 1:38.9 | So it's growing, which is good. |
| 1:42.8 | So government taxes are probably going to increase. |
| 1:49.0 | Why? |
| 1:50.1 | Because we have spent and lived beyond our means for over a generation. |
| 1:56.0 | And instead of tightening our belt and living within our means, we're adding more and more debt. |
| 2:03.6 | We had one trillion in debt the last three months, and the next three months we're going to add 1.5 trillion in debt. |
| 2:11.6 | Eventually, we're either going to have to tighten our belts as a nation, or the government is going to have to reduce |
| 2:19.5 | social programs, unlikely, or they're going to have to increase taxes. So in the future, the |
| 2:28.0 | government, which is the manager of our countries, roads and parks and social services and everything |
... |
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