President Biden is proposing a higher tax rate for the super-rich. Rob doesn’t agree with this at all and in this episode he explores why this is a bad idea and talks about what issues it could cause.
KEY TAKEAWAYS
- These decisions trickle down to everyone. If the government start taxing unrealised gains then this will just be the beginning.
- The consequences of taxing unrealised gains are far and wide, what will companies have to sell to pay for these tax bills?
- The timing of this after Covid is very poor. Surely firing up and stimulating the economy would be better. The government needs to inspire entrepreneurs and businesses to produce and create to stimulate the economy; more tax isn’t the answer.
BEST MOMENTS
“How do you measure what the real gain is?”
“if you Rob all the money off the billionaires, then the evolution of humanity will slow down”
VALUABLE RESOURCES
https://robmoore.com/
bit.ly/Robsupporter
https://robmoore.com/podbooks
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 “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
