Rob Moore argues the UK faces a fiscal death spiral with £2.2 trillion in debt and corporate tax rising to 25%. He recommends withdrawing cash from banks, investing in income-producing assets, and starting a business to offset taxes through expenses.
Emergency tax hikes. So the new chancellor, he's been in his role about 12 seconds and he's already talking about spending cuts and tax rises. This frustrates me because Liz Truss was voted in largely because She had a growth plan and she wasn't going to be smashing taxes up. That was going to be what Rishi was going to do. So she comes in, then she makes some small, very small actually, tax cuts, and then all of a sudden the whole world gets on her back, except me maybe. I seem to be the only one that was supporting her growth plan from what I could see. And the whole world's on her back. The IMF is on her back. The Bank of England are on her back. Even her own party are on her back, forcing her to U-turn, otherwise basically they'll get rid of her. And now, big U-turn, get rid of the chancellor who was in power for 38 days. I mean, that's ridiculous. You don't hire someone to get rid of them after 38 days. He's the fall guy, she's the puppet. And now the new guy's come in who loves a good tax increase. I have been warning about this forever, for 2 and a half years. Taxes are already penal, they're already really high, and they're about to go bonkers. The government are 2.2 trillion in debt. They put half a trillion on their balance sheet in the form of debt. COVID lockdown, track and trace apps, all of that. Then there's another £60 billion in 6 months on the energy cap, um, support. And like, the government are in so many trillions of debt, where are they going to get their money from? They're going to get their money from you and me and Jed and John and Jeff. They're going to get their money from us. So I am warning you that before you know it, virtually all the money that you earn will be taxed. Corp tax going up from 19% to 25%. Income's already 45%. You've got National Insurance, you've got VAT, you've got taxes on taxes, and it's getting utterly ridiculous. I agree with Darren. Darren has said tax is legalized theft. I agree with that. Inflation is a form of tax, and tax is a form of legal theft. I actually agree with you there, uh, Darren, and it's going to get worse and worse and worse. Michael said, is this the end of fiat currency? Mike, fiat currency started to end the day it was created in 1971, and as inflation goes up and up and up, um, of course the value of money goes down and down and down. So if you've got, um, government printing of money, increasing interest rates, but even higher inflation soaring cost of living crisis, and now increasing in taxes. Where's your fucking money? You're going to have no money left. So I want to give you a couple of little tips. The first thing is you've got to get your money out of the bank as quick as possible, and you've got to get it into— out of fiat currency, out of the banks, out of the system, and into assets that produce income, assets that stop— that beat inflation. The next thing is you've got to produce recurring income from assets. Recurring income from assets. Lock and save your cash from deflation and debasement in an asset, and the asset produces income. You've got to probably turn information into income now to produce that recurring income from low cost, fast start. Really, really important now more than ever. The next thing, and it just became triply important if that's a word, you've got to start your own company. You have to now have your own business, be an entrepreneur, have a side hustle, because it's the only way to avoid all these taxes. You can legally avoid some taxes, not all. They'll go for you, they'll increase the corp tax, they'll go for you, but you can avoid some taxes, you can reduce some taxes when you're an entrepreneur, when you own a business. So it's absolutely vital that you prepare yourself and arm yourself, get money out of the banking system, money away from the government, lock them into assets, assets that you can get tax breaks on, reduce profit by running expenses against assets. Legitimately, and then start a company, start a side hustle, be an entrepreneur, and again run some costs, offset some expenses, and get those taxes down. I have been warning you for 2 and a half years, and now you've got to do it. And here's the irony: people with pink hair and pink profiles are criticizing my jacket. Anyway, I'm going to help you out on this, by the way, because I've launched a brand new Telegram group, and I'm going to do a 3-hour mentoring online Zoom session on helping you, um, not just survive but thrive this cost of living crisis, helping you start to become an entrepreneur, helping you to start a company, to get your taxes down, to get your income up. I'll teach you all I know, having been an entrepreneur for 16 years and saved millions in tax and making more than 9 figures. I've got to get out of here, so I'm just going to share this Telegram link group with you now. The only way you can access this 3-hour Zoom masterclass with me where I'm going to help you start and scale a business, help you get your tax down, help you get your income up, help you become an entrepreneur, help you, um, you know, generate income from assets, protect your cash, build an asset base. And you can ask me anything you like for 3 hours straight, um, coming up in a few days' time. The only way you can get access to this live Zoom masterclass is in my brand new Telegram group. I'll share the link again. Every week I'm giving away um, things like one-to-one calls, mastermind Zoom mentoring sessions, shadowing me for a day. I'm even giving away £15,000 in cash in my new Telegram group. There it is. I've got to get out of here. It's date night tonight, as you can see by my jacket. I got one compliment about it, right? I've got to get out of here. Go join my new Telegram group, get loads of free gifts and bonuses and giveaways. No spam, no Um, you know, WhatsApp's all really noisy and spammy and chatty, and Telegram's much better, I believe. You can either download the app on the, um, on the App Store, it's called Telegram, and then you can search Disruptors Group, or you can join the link in the comments because you are going to get taxed more and more and more and more and more and more and more and more and more My wife's just handed my jeans. Gotta get my jeans on. So I'll see you in my Telegram group because they're coming for you. Before you know it, it'll be 110% tax.
