The Great Simplification with Nate Hagens

The Biophysical Taxman Cometh | Frankly #48

Nov 3, 2023

17:23

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The podcast discusses the various 'taxes' that will impact our modern lifestyles, including higher taxes to tackle government debt and rising interest rates. It also delves into the depletion of source rock and the increasing energy costs, as well as the taxes imposed by energy, relocalization, complexity, and machines. The podcast explores the changing landscape of wealth distribution and the implications of AI, global heating, and health. Lastly, it highlights the taxes beyond finances, including health, time, and sanity taxes, and the need to adapt to a smaller net balance sheet.

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Episode notes

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Quick takeaways

Individuals can expect to contribute more to the government through higher tax rates, reducing the difference between their gross income and net income.

As governments worldwide continue to borrow money, interest rates will inevitably have to increase to compensate for the risks associated with this mounting debt, effectively acting as a tax on consumers when making major purchases like cars.

Deep dives

Increasing Government Taxes

One of the main points discussed in this podcast episode is the expectation of increased government taxes in the near future. The host highlights that due to living beyond our means and accumulating massive amounts of debt, the government will likely need to either reduce social programs (unlikely) or increase taxes. This will mean that individuals can expect to contribute more to the government through higher tax rates, reducing the difference between their gross income and net income.

Introduction

4min

The Depletion of Source Rock and the Increasing Energy Costs

2min

The Taxes Imposed by Energy, Relocalization, Complexity, and Machines

3min

The Changing Landscape of Wealth Distribution and the Implications of AI, Global Heating, and Health

3min

Taxes Beyond Finances

5min

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

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