Essentially the most progressive societies in historical past had been at all times low-tax civilizations, in line with British creator and co-host of Cash Pit Dominic Frisby. He joins Keiser Report to debate the historical past of taxation.
An enormous believer in low taxes, Frisby says labor ought to be taxed far lower than it’s now, noting that 50 % of governments’ income is derived from earnings tax.
“The final word type of taxation is, in fact, slavery, the place you lose all possession of your labor,” he says, including that all through historical past taxes had unintended penalties.
“All the historical past of the world, the complete historical past of civilization, has been formed by taxation. As I stated, each revolution, each battle is funded by taxes,” Frisby remarks.
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