Finance

Political Tactics: Taxation, Stagflation, Devaluation – Robert and Kim Kiyosaki & Tom Wheelwright

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The economy can be divided into two eras: Before Coronavirus (BC) and After Coronavirus (AC) and it all comes down to taxes. And as the United States faces a presidential election in less than 100 days, there’s a great debate as to which candidate’s policies are best for the taxpayers.

If you earn your income on the left side of the quadrant—through ordinary income—the only tax break you have is to buy a bigger house and go into greater debt. But the rich have scores of tax breaks offered to them by the government to encourage investment and business development, which generates more jobs. 

The big question is which candidate’s tax plan will benefit the job creators? 
Hosts Robert and Kim Kiyosaki are joined by Rich Dad Tax Advisor, Tom Wheelwright, to discuss the political tactics being used to sway constituents this election cycle, and what entrepreneurs can start doing today to pay fewer taxes. 

www.wealthability.com

Get Tom Wheelwright’s book, Tax-Free Wealth: How to Build Massive Wealth While Permanently Lowering Your Taxes. 

#robertkiyosaki #kimkiyosaki #tomwheelwright

https://www.richdad.com/

Facebook: @RobertKiyosaki
https://www.facebook.com/RobertKiyosaki/

Twitter: @TheRealKiyosaki
https://twitter.com/theRealKiyosaki

Instagram: @TheRealKiyosaki
https://www.instagram.com/therealkiyosaki/

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Robert Dunfee

38 Comments

  1. kumatown Miyoshi
    July 22, 2021 at 8:31 pm

    So…after posting this, today is 05/05/2021. Did what you folk's were talking about come to fruiation (spelling)?

  2. Boost Mobile
    July 22, 2021 at 8:31 pm

    80% of taxes of small business what kind of partner take 80% the government just high way robbing small business shit is crazy

  3. Boost Mobile
    July 22, 2021 at 8:31 pm

    I'm going to create as much cash flows as I can for stagflation and pay Lil in taxes and have other currencies beside the dollar and oh I forgotten about gold

  4. Boost Mobile
    July 22, 2021 at 8:31 pm

    I'm going to create as much cash flows as I can for stagflation and pay Lil in taxes and have other currencies beside the dollar and oh I forgotten about gold

  5. SergPotehin
    July 22, 2021 at 8:31 pm

    Thank You for Your open mind

  6. Flavio A
    July 22, 2021 at 8:31 pm

    This is the dumbest shit I’ve heard 😂. Biden is a corporate democrat who’s worked to make the bush tax cuts PERMANENT. Don’t worry you’ll stay rich daddy lmao

  7. Jordan Newell
    July 22, 2021 at 8:31 pm

    Reading tax free wealth now! Tom is awesome!

  8. kary jimenez
    July 22, 2021 at 8:31 pm

    the small entrepreneur gets taxed %60 and that is not fair unless they get into the real estate niche which is trump niche

  9. kary jimenez
    July 22, 2021 at 8:31 pm

    is not fair trump system tax is a corruption everything is set to benefit whoever gets in the real estate niche and is so much coincidence that trump is so soaked in that niche making juicy money getting off taxed when the poor even for $1 is taxed that is insane, trump admin is a corruption

  10. PreppyBaba
    July 22, 2021 at 8:31 pm

    I get that nobody wants to be taxed 80%, but aren’t these teachings about avoiding taxes all together no matter what the tax rate? So which part of this video is rhetoric, the teachings or the fear about the tax rate?

  11. Mike 6321
    July 22, 2021 at 8:31 pm

    Thanks!

  12. ZTE President History
    July 22, 2021 at 8:31 pm

    With the upcoming election, now is the time to learn about the Presidents!! Check out the series

  13. Michele Simko
    July 22, 2021 at 8:31 pm

    Yes. Kim…facts. So much opinion and skirting of truths

  14. Eileen Brophy
    July 22, 2021 at 8:31 pm

    More jobs will work (help everyone)

  15. Toni D. Johns
    July 22, 2021 at 8:31 pm

    Govt employees have pension funds to equalize tax benefits over the 10 year bottom threshold

  16. Viktor Mindt
    July 22, 2021 at 8:31 pm

    "Taxing the rich" is simply populism. It does nothing for the betterment of society. It would create more poverty.

  17. Viktor Mindt
    July 22, 2021 at 8:31 pm

    I'm from Germany. If you work in Germany as a corporate slave, you pay 53% from you income to the government. Most of it, is for social insurance 😉

  18. Braden Godfrey
    July 22, 2021 at 8:31 pm

    When people say tax the rich it is in relation to what they want to actually happen not what will more likely end up happening.

  19. shazzaf111
    July 22, 2021 at 8:31 pm

    The Corona Virus is the pin that popped the debt bubble. Too many leveraged Longs have caused Bitcoin & Gold to dump to great prices for us. Accumulate these cheap prices, you will thank yourself in 12 months for doing this. Its these times.. that true wealth is made. 90% of people are selling out, so you take the other side.I still plan on buying a little bit more Btc in the next couple days. I have exactly 14 BTC left on my Nano. I am indeed grateful for the services of Mr Douglas Murray whose trade patterns have been the secret behind my huge cash out on bitcoin trading. I have strong faiith in hiis strategies and he can also help you make huge gains from trading. Y'all can reach out to him through His * Mail *(Douglastrading10@gmail. com)" or Whatsapp +1 (832) 413-2374..

  20. shazzaf111
    July 22, 2021 at 8:31 pm

    The Corona Virus is the pin that popped the debt bubble. Too many leveraged Longs have caused Bitcoin & Gold to dump to great prices for us. Accumulate these cheap prices, you will thank yourself in 12 months for doing this. Its these times.. that true wealth is made. 90% of people are selling out, so you take the other side.I still plan on buying a little bit more Btc in the next couple days. I have exactly 14 BTC left on my Nano. I am indeed grateful for the services of Mr Douglas Murray whose trade patterns have been the secret behind my huge cash out on bitcoin trading. I have strong faiith in hiis strategies and he can also help you make huge gains from trading. Y'all can reach out to him through His * Mail *(Douglastrading10@gmail. com)" or Whatsapp +1 (832) 413-2374..

  21. Michael D
    July 22, 2021 at 8:31 pm

    Hear Hear

  22. Nomad Shabs
    July 22, 2021 at 8:31 pm

    "Obama didn't like oil" ?? Tom… Crude oil production in the US increased by 80 percent under Obama.

  23. Soloy
    July 22, 2021 at 8:31 pm

    Promoting the lazy to become lazier

  24. THE SERVICE CENTER The Network of Networks
    July 22, 2021 at 8:31 pm

    Tom is there a greater or lesser benefit of having a separate building as an office?

  25. robert tanner
    July 22, 2021 at 8:31 pm

    Thank you for this 😁

  26. Ralfito Krebs
    July 22, 2021 at 8:31 pm

    Woaw Robert and Kim! ….What a great episode and thank you Tom as well!

  27. The warrior Goals
    July 22, 2021 at 8:31 pm

    Biden’s a socialist

  28. Paul Seery
    July 22, 2021 at 8:31 pm

    Thanks for the Great shows Robert
    Sorry but i have to say this…
    … "As long as oil is important". . . (hint ?) . Oil really is an archaic form of energy…and that is why oil companies are investing in alternative means of energy like wind , solar, etc….
    If you REALLY want to see what is destroying the American economy just take a look at what FRACKING is doing to America's pristine water supply (under ground)and what pollution (Mercury and other heavy metals) From Coal Refineries are doing to America's FISHERIES. and the American public's digestive tracts …Now THAT IS CRIMINAL!!!!!
    There has been a 'paradigm shift' of sorts….because Americas work force realizes (in some ways), that they CAN work from home….This isl adding to an already super saturated oil supply GLOBALLY!!!….
    SO please…please….PLEASE !!! spare me the "save our oil fields" rhetoric….!!!!
    Go Nuclear-SOLAR-WIND etc. !!!!!!!

  29. Dr Sandić
    July 22, 2021 at 8:31 pm

    ❤️

  30. Mikas Sakalauskas
    July 22, 2021 at 8:31 pm

    25:05 What a bunch of hypocrites! Now we have historically low taxes and interest rates, and historically high inequality and a completely collapsing economy. Obviously, the economy stimulating with transferring wealth from poor to enrichment already rich is complete b.s., but don't you dare tax rich ones. If taxes wouldn't work why so many worries then? You guys don't have something better to do? Like, invest in something?

  31. Mikas Sakalauskas
    July 22, 2021 at 8:31 pm

    Government housing, especially new, is very decent and appreciated in the UK. Sadly Tories in power ruining it 🙁

  32. DL K
    July 22, 2021 at 8:31 pm

    Yes, the wealthy people have tax advisors and tax lawyers so, the wealthy won't be paying the tax.
    Taxing the Rich = (EQUALS) Tax the lower wager earners.

  33. Roland Tecson
    July 22, 2021 at 8:31 pm

    Democrats are lazy losers.
    – Observer from Asia.

  34. JJ OMalley
    July 22, 2021 at 8:31 pm

    People were being taxed 90% when the baby boomers were working, but could still raise a family with one income! This is a top heavy form of capitalism that caters to the investors and wealth inequality. Not everybody can be sellers, you need buyers! The foundation of the economy has been destroyed and will bring the top down with it!
    We are all doomed if the gap doesn't close! They capped CEO pay, only to replace it with stock options! Don't piss on me and tell me it's raining, I lived through it! You only mention the Fed, but not the government, or the 5 star trusts, and te rest of the story of the defeat of USA inc.

  35. JJ OMalley
    July 22, 2021 at 8:31 pm

    According to what I have heard is that wage earners filing of a form 1040 is voluntary. Educate yourself! There is so much we don't know! learn the law and forget lawyers! They become agents of the court when they file an appearance and you lose, but maybe with a better deal , but you lose! Learn your rights!

  36. P'randa manda
    July 22, 2021 at 8:31 pm

    The real welfare queens are these corporations that keep getting these damn tax breaks while the middle class is taxed up the ass. Capitalism for the poor and socialism for the rich….and this guy is calling me a "loser" for having a different point of view. Screw you. I'm voting for Biden. "Read this book so you'll get better educated".no thanks I'm not a loser..I rather check it out at the library…

  37. evlainz Izme
    July 22, 2021 at 8:31 pm

    CAN U TALK ABOUT DAVOS AND THE NEW WORLD ORDER PLEASEEEEE

  38. Adam Smith
    July 22, 2021 at 8:31 pm

    You are such evil