How The Broken Tax System Crippled The UK Economy | Dominic Frisby
Is taxation a form of theft or is it a price we pay for a civilised society? Listen into this episode where Rob interviews Dominic Frisby all about the history of taxation, his thoughts on how we tax now and what he thinks would be better solutions for society.
KEY TAKEAWAYS
The evidence is that tax is as old as civilisation itself. There has been examples of voluntary taxation, such as Ancient Greece. But in the modern world it is forced. Privatisation of state services isn’t a solution as it is usually a monopoly so prices are high and value is low for consumers. The first thing people spend money on after essentials is on self-improvement, on education. The free market provided the means for people to learn. If you look at any event in history you will find a tax story behind it, including the right for women to vote; it meant they would then pay taxes. Dominic believes that the lockdowns and restriction over covid were too much and caused more damage than they prevented. It’s ruined lives and businesses. However, it has also accelerated some more positive aspects of life, including remote working. Dominic said that the world economic forum is awful. He doesn’t agree with the viewpoints that this group project. Dominic believes we should replace as many taxes as possible and just have one flat, single tax based around land and transparency.BEST MOMENTS
“It was intended for the rich but it impacted the poor the most”
“Fix money, fix the world”
“You’re seeing a new rise of a workforce that’s harder to tax”
“I don’t believe in that Blairite world view”
VALUABLE RESOURCES
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
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