Why Doesn’t Trump Cut Spending by Executive Order? – Ep.  375

Why Doesn’t Trump Cut Spending by Executive Order? – Ep. 375

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Abolish the Capital Gains Tax?
If we simply had no capital gains tax, but wen are still taxing the worker on the value of his labor without any deductions whatsoever, I just don't think that's a fair system. That's one of the reasons I would not want to just abolish the capital gains tax. I would want to abolish the entire income tax and go to an indirect tax, such as sales tax or tariffs. We would obviously have a much smaller government if it had to survive on indirect taxes, on excise taxes. This is what the framers of the (of the Constitution) originally envisioned. They thought that direct taxes, like an income tax, would only be used during times of war. That's why they made it so hard to enact.
Indirect Tax Rather than Direct Tax
During peacetime, the government was supposed to operate on excise taxes. Of course, the whole idea of income tax to me is inconsistent with free people. Free people do not have to report everything to the government. They don't have to fill out paperwork under penalty of perjury and file all these tax returns, keep all these records. If the government is forcing us to do all this, the government is the master and the people are the servants. That is not what America is supposed to be about.
Is Government the Master and We the Servants?
Of course, the biggest problem I have with the capital gains tax cut is that government spending is not also being cut. So we're talking about another tax cut without reducing the size of government. Since government spending needs to be paid for, if we're going to cut the capital gains tax, how are we going to pay for government spending that capital gains taxes used to pay for? Obviously we are going to borrow it. And borrowed money is going to do more damage to the economy than any benefit we get from reducing the capital gains tax.



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Episoder(1085)

Voters and Investors Keep Getting It Wrong – Ep 854

Voters and Investors Keep Getting It Wrong – Ep 854

· CPI data sends stocks and bonds soaring, while dollar tanks. · Moves of magnitude in gold suggest something significant is going on. · Junior mining stocks are in a stealth bull market. · Sweden is handling inflation far more responsibly than America. · Only vote your conscience when there are no consequences. · FTX turns out to be a Ponzi scheme perpetuating a house of cards in crypto. Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

11 Nov 202247min

The Gold Train Has Left the Station – Ep 853

The Gold Train Has Left the Station – Ep 853

· Commodities break out of their bear market corrections. · Tech stocks collapsing further. · Smart money is buying gold mining stocks. · Labor force participation rate has declined despite extra jobs. Cut your wireless bill to $15/month at https://mintmobile.com/gold Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

7 Nov 202251min

Powell Pulls the Hope Out From Under the Market – Ep 852

Powell Pulls the Hope Out From Under the Market – Ep 852

· Federal Reserve raises interest rates again as expected. · Markets spooked as Jerome Powell dropped bombshells in Fed meeting. · Biden administration gets fact checked and deletes tweet. · Weakness in the stock market will continue on after the election. Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

3 Nov 202232min

For Now, Bad News Is Good Again – Ep 851

For Now, Bad News Is Good Again – Ep 851

· Dow has best October in its history. · Rotation continues from growth to value stocks. · Market is priced for perfection with anything but perfect circumstances. · Inflation will never go back to 2% · Amazon, Apple, and Netflix disappoint investors. · Meta and Alphabet hurt by dried up advertising. · Consumers need to save now and buy later, not buy now and pay later. · Elon Musk buys Twitter and thanks Peter Schiff. Get an extra 3 months. https://expressvpn.com/gold. Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

30 Okt 202258min

Fed Folds With a Soft Pivot – Ep 850

Fed Folds With a Soft Pivot – Ep 850

· Interest rates are the Achilles’ heel of this bubble economy. · Shelter costs are going up, even if housing prices are going down. · Gold will be gaining value as the dollar loses value. Go to https://shopify.com/gold for a FREE trial. Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

26 Okt 202244min

Despite 14 Year Highs, Bond Yields Have a Long Way to Rise – Ep 849

Despite 14 Year Highs, Bond Yields Have a Long Way to Rise – Ep 849

· High inflation is here to stay. · Biden shifts the blame for high oil prices on to Putin. · Financial intervention and bailouts are simple politics. · The stock market is far away from the bottom. · Netflix and Tesla are expensive stocks. · Markets will react before the Fed has a chance to pivot. Go to https://shopify.com/gold for a FREE trial. Join me at the Traders Summit online October 21-23 where I’ll be debating a former Bank of England policy maker. Free registration at https://tradersummit.net/event-oct-2022/?ref=1019 Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

20 Okt 202258min

Inflation Insanity Continues – Ep 848

Inflation Insanity Continues – Ep 848

· CPI numbers worse than investors feared. · Less younger people working while more older people retiring is bad news for Social Security Ponzi scheme. · Selling British Pounds for American Dollars is jumping from the frying pan into the fire. · I’ll be debating a former Bank of England policy maker on October 22nd. Free registration at https://tradersummit.net/event-oct-2022/?ref=1019 · Bitcoin teetering on the edge of collapse. · Precious metals holding up better than stock market, even as gold is being given away at bargain prices. Get an extra 3 months. https://expressvpn.com/gold Visit https://indeed.com/peter to start hiring now. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

15 Okt 202257min

The Fed Has Made Zero Progress Fighting Inflation – Ep 847

The Fed Has Made Zero Progress Fighting Inflation – Ep 847

· Bank of England has Wall Street questioning the Fed. · Consumers are spending and borrowing more than ever. · Oil prices rise on OPEC+ production decrease. · Bitcoin is very close to a major collapse. · Michael Saylor is harming more investors than Kim Kardashian. · Bond investors still don’t believe inflation is here to stay. Cut your wireless bill to $15/month at https://mintmobile.com/gold Thanks Raycon!. For a limited time, go to https://buyraycon.com/gold for up to 15% off your entire Raycon order. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

9 Okt 202259min

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