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