Bitcoin, Libertarianism, Milei and the Future of Tax | Dominic Frisby

[@charlesking9425]

Well done Dominic, great to see you on form!

[@nigelp567]

Great conversation and thanks Dominic !! Always a pleasure to listen to your thoughts and analysis… There is a huge change going on that governments haven’t really cottoned on to (thank god) - the individual that sets up his personal lifestyle like that will advance his own standard of living faster than anyone else 👏🏻👏🏻👏🏻

[@REZZA2020]

Appreciate Dominics insight on vital role of conviction

[@HowardARoark]

He makes a great point about how the tax system determines so much about how our society functions. The tax system needs to be completely dismantled and rebuilt in much simpler form. As it stands it is a colossal waste of resources that vastly outweighs the actual revenue collected, a net loss. The answer to how we pay for roads, hospitals, and schools is simple - pay for it with money. That money exists and has already been underwritten by all of our efforts. Energy likewise should be paid for with money. Money is a bill of exchange underwritten by goods or services to that value. We have already underwritten it otherwise how could it have become money in the first place? Its not complicated but they make it complicated.

[@IanParker]

Very good - Thank you! I listen to Dominic on my way into the office (audio books) - as a voice over artist, he is very easy on the ear.. :)

[@Gismotronics]

Jury still out on Milei. He ruled out BRICS alignment and loves that country in the Middle East that we can not name. If he was actually a Libertarian, I think he would have already done what El Salvador has done to make Bitcoin legal tender and to begin sovereign holding of Bitcoin. We'll see.

[@janetjacks3406]

Yes he's a disappointment. George Gammon went there recently and couldn't transact in either gold/silver or Bitcoin.

[@tehehe5929]

@@janetjacks3406 You guys are crazy. He is in office for 5 months (and he is not a dictator) and you expect what? I honestly hope he is not crazy enough to implement Bitcoin standard because that would be a huge red flag for me. I thought money was supposed to be returned to the market. You actually don't sound any better than statists you criticize. As far as being able to transact in metals or crypto - they don't serve as unit of exchange there so I'm not surprised. You could probably easily transact using USD.

[@janetjacks3406]

@@tehehe5929 I think you are missing the point as I was talking about George Gammon's inability to go over to Argentina and transact in something other than dollars. You can only withdraw $40 (equivalent) limit from Argentinian banks per day as they wish to slow the velocity of money. People should be free to use Bit coin gold/silver as a means to transact in, why would you propose they don't serve as a unit of exchange? El Salvador has the right idea which I understand supports other ways of transacting. Governments keep control of their citizens by controlling their means currency exchange.

[@VictorMartinsPT]

Thank you ❤️🙏❤️

[@FiscalWoofer]

Commodity Watch Radio - priceless!

[@tinyleopard6741]

Wah, I just realized you're the comedian that got recommended to me in KZbin around a month ago.

[@Gismotronics]

With regard to Dominic's comments about 'Freelancers pay less tax'... As a former freelancer/contractor in the UK, the Government have gone a long way to closing that 'loophole' by the introduction of IR35 legislation. Basically, a contractor will usually pay normal levels of PAYE tax but without any of the employee benefits such as paid leave, etc.

[@minesadab]

How many people have been successfully convicted under IR35 since it was introduced? The last time I looked, I think it was 9

[@dunnsdale]

Dominic correct on Truss!

[@jameswhyte5094]

Reason for house prices = leverage. Study leverage Lots of leverage in government debt, banking system, household debt, corporation debt. The more leverage the more fragility.

[@edwardmclaughlin7935]

"If what happens with Milei works".......it will be stopped, he will be 'removed'.

[@thomasbentele2468]

Not necessarily. His policy will create a great depression, and the elites will love to buy up the assets at pennies for dollars. For the Argentines I hope he is genius (and not an agent of the elites) and manages to avoid all the traps of the Masters of the Universe.

[@shughy1]

Hey Justin Trudeau is that you?

[@tinyleopard6741]

​@@thomasbentele2468All the masters of the universe can't even convince people to buy electric vehicles, unfortunately the proxy of so-called stakeholder capitalism which ignores the investors' needs means these you call masters of the universe suffer no loss while every investor and pension fund loses money investing so long as governments dictate what markets do.

[@SoledadSolary]

😮 hope not! The forces of heaven are protecting him.

[@shughy1]

@@AleenaJ777 I totally agree

[@Luke-cj7gz]

Dominic wants to talk about Bitcoin. The host doesn't 😅

[@Luke-cj7gz]

@@thetruth9210 i find the oppisite

[@Fine_Times]

Very enjoyable tò.warch tnx

[@justin3606-j8l]

Jeez, it's like listening to myself, went through the exact same investment process as DF 2005-11. Ended up standing next to him at urinal in Harlyn Bay, couldn't pick up the courage to introduce myself. All timing.

[@anthonypearson3806]

Very classy tab-collar shirt you have there ! . . Are they commercially available, or did you have it tailor-made ?

[@oliverb6967]

dominic is great

[@pedazodetorpedo]

I approve of this haircut

[@johnmuller8954]

A note to the commentator. Dont talk about crypto talk about bitcoin. The coin that made the breakthrough because it had the vision that honestly wanted to address the ills of society and did indeed make that breakthrough. The altcoins didn't make this breakthrough, but their vision was to copycat Bitcoin, and that's where all the scams come in. Compare, you are confused. You think the shine has come off. But look at the price trajectory. You can't see that each subsequent low price is only as low as its previous high. And this has happened year after year.

[@cosmos-smallpiece5786]

He’s a Bitcoin max

[@chrismale9976]

Everyone is....they just don't realise it yet

[@peterbradley6580]

Taxation does not pay for government spending. It is there to control the money supply - the one that the government creates in the first place. Government debt is the money supply.

[@janetjacks3406]

I hear that is the theory of MMT, tax only used as a way to curb inflation.

[@mnewlyn]

make the effort to add chapters to your videos, not doing so is just lazy, and doesn't look good on a channel like this.

[@pedazodetorpedo]

350% increase is 4.5x

[@justindaffronte9702]

Study Bitcoin

[@JeremyHelm]

6:33 economics versus comedy in terms of clarity

[@JeremyHelm]

13:26 what's Japan?

[@JeremyHelm]

45:17, 45:30 it never ends because it's the wrong question

[@JeremyHelm]

I did not add the timestamp, but I enjoyed his reply to the question about housing

[@JeremyHelm]

54:26 often, the worst thing you can be to an idea is early

[@JeremyHelm]

55:42 forgotten money nemonic

[@thomaspetersen-kp2ff]

Free markets does not, have never and will never exist. Markets have always been controlled and mostly distorted, be it by the aristocracy, the oligarchy, the town hall, the government or the strongest player in the market - like the Elon Musks and Jeff Bezos' of today.. The best you can hope for is a fair market, but that requires supervision and control, so it's not free.

[@tomjohn5532]

Sterling is dead buy BTC

[@billhammett174]

"Dominick is a comedian" -- tells you all you need to know about his bitcoin views. Is this the same IEA founded by Anthony Fisher???

[@janetjacks3406]

Millei has been a complete disappointment and he could have encouraged Bit coin and got rid of the central bank but hasn't, he seems like a complete sell out. George Gammon went over to Argentina recently to see if he could transact in gold/silver or Bitcoin but didn't get no where, not enough liquidity or adoption.