Rich Dad Poor Dad Audiobook By Robert Kiyosaki
Chapter 4 : History of taxes and the power of corporation
Jun 11, 2022
05:34
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Quick takeaways
- Taxation started as a punishment for the wealthy but ended up burdening the middle class.
- Wealthy individuals leverage corporations to protect assets and outsmart tax systems for financial advantage.
Deep dives
Impact of Taxes on the Middle Class
The podcast delves into the historical perspective of taxes, revealing how the initial concept of taxing only the rich eventually led to a burden on the middle class. The idea of taxes was popularized by portraying it as a means to punish the wealthy, but in reality, it ended up affecting the poor and middle class the most. As the government's need for money expanded, taxes trickled down from the rich to the middle class. The podcast explores how the robin hood theory of economics, taking from the rich to give to others, unintentionally harmed those it was meant to help.
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