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E354 - How Did We Get Here: The History of Taxation - Asym Capital

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E354 – How Did We Get Here: The History of Taxation

In recent days, people in power have discussed proposals as ludicrous as taxing unrealized gains, banning the investments in private placements with tax-advantaged accounts, and implementing a federal 43.4% capital gains tax. 

From my perspective, it always feels like these seemingly outlandish proposals are meant to get a pulse on how close the citizenry is to tolerating the new level of taxation and set the stage for what might be soon to come.

Given the way this conversation is going in the media, I’ve found myself asking a question that I’m sure many of you have been asking as well… 

How on earth did we get here, and why is this happening? 

Today, we are joined by Domic Fisby, the author of several books, including Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future. The book reveals many truths about taxation, as well as the implications of the actions central banks have taken in recent years. 

In this episode, we are going to discuss… 

  • What the history of central banks and taxation tells us about war, and why it’s impossible to stop (despite being so unpopular) 
  • Why the pronounced boom/bust cycles that we are taught are a result of “natural” capitalism, might in fact be directly related to central banks who control both the money supply, as well as the interest rates applies to that money 
  • How the digital world has impacted taxation and created an opportunity for corporations to implement tax structures that the middle class can’t 

Like all significant historical events, both the Great Recession and Covid-19 have created wild and uncertain times. 

These uncertain times create an opportunity for regulations, money printing, and taxation to be installed that will likely impact our world and economy for years to come. 

Tune in to see how we got here and what it might mean for our future. 

Resources mentioned in the podcast:

1. His Book “Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future”

Dominic Frisby’s socials:

1. Website

2. Twitter

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