The "What is Money?" Show
Disrupting Taxes and Reigniting the American Dream with Thomas J Cryan (WiM539)
Dec 13, 2024
Join Thomas J Cryan, author of "Disrupting Taxes," as he dives into the complexities of taxation and its impact on the American Dream. He explores the historical evolution of tax systems, critiquing modern practices rooted in inequality. Thomas discusses innovative ideas like the Automated Banking Transaction Tax and addresses wealth disparity stemming from the Nixon Shock. He emphasizes the importance of fair taxation for individual freedom and proposes a reimagined tax structure to foster economic growth while holding government accountable.
01:35:19
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Quick takeaways
- The current tax system is criticized for its inefficiency and perceived violation of individual freedom and consent principles.
- A historical shift since 1945 has led to a disproportionate tax burden on individual taxpayers compared to corporations.
Deep dives
The Conflict Between Taxation and Individual Freedom
The current tax system is perceived as inefficient and at odds with the principles of individual freedom. Taxation involves a non-consensual transfer of purchasing power from individuals to the government, raising questions about consent and fairness. The historical context reveals that taxation has evolved, primarily benefiting corporations while placing a heavier burden on salaried workers. This disparity and the philosophical issues surrounding consent prompt a reevaluation of how the tax system can be restructured to better align with constitutional ideals.
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