Gold Goats 'n Guns Podcast Episode #207 - Peter St. Onge and Fixing Everything About America
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Feb 26, 2025 Peter St. Onge, an Austrian libertarian economist and insightful commentator, dives deep into reforming America's system. He passionately discusses the potential of replacing income tax with tariffs. St. Onge critiques the current bureaucratic landscape, likening it to the foundations of communism. The conversation takes a humorous turn as they explore the cultural impact of memes in politics. With touching perspectives on GDP, foreign policy, and the youth's political inclinations, this chat is both provocative and entertaining.
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Tariffs for Income Tax
- Replace income tax with tariffs to boost household income and shrink the federal government.
- This could raise household income by $2500/month due to tax savings and economic growth.
Impact of Taxes
- Corporate income tax is the worst for economic growth, as it discourages investment and risk-taking.
- Payroll tax is the least damaging and can be maintained to fund essential government functions.
The State as a Lion
- Peter St. Onge uses the metaphor of a male lion to describe the state's role.
- The state, like the lion, primarily consumes resources produced by others, but protects against external threats.
