Inflation is Tax, & Tax is Theft (Warning)CommentsMost relevant

Right now there's a war on your money, make no mistake about it. So inflation is actually a tax. Now, when the government print a lot more money, quantitative easing, essentially they are devaluing your money, and that is a form of taxation. And taxation is, in many people's eyes, a form of theft. If it's fair and it's equitable, then it's not a form of theft. If it's 70 pence in the pound and 70 cents in the dollar, then it's a form of theft. So I just want to talk to you about the war on your money right now, and I want to give you some warnings and then also some fair, um, solutions, if you like. So inflation is really high right now. Do not believe the statistics you see at 5.1%. Um, you know, whatever the measure they're giving you. Because you can't tell me that energy and electric is only going up 5%. You can't tell me that fuel prices is only going up 5%, and prices in general and food are only going up 5%. So you know, you know that, um, the cost of living for you is going through the roof. Energy Food, travel— now of course it's going to be crazy. Hotels have gone up massively, fuel, you name it. Um, and look, this isn't all the government's fault. Some of it is the undersupply of products and services because of lockdown. Um, but, uh, you know, the massive quantitative easing and the just frivolous nature of printing money, which ultimately reduces the government debt, by the way, This is a real thing. And so honestly, I think inflation is double digits, and what that means is your money is going down 10% a year, is essentially being taxed an extra 10%. Make no mistake about it. And then tax. So VAT in the UK is 20% on top of your products and services and goods that you sell, and then corp tax is going up from 19-ish to 25-ish. That's a third increase. Income tax is 45% at the highest tax bracket. Then you've got National Insurance for the employer and the employee. Dividend tax is going up. Business rates— you are getting taxed everywhere. And I actually worked out with what I sell, what I make gross, net, and then what I spend, I'm taxed about 70 pence in the pound, 70 cents in the dollar. And that is theft. I don't mind paying 30% tax. I'd even pay 50% if it was all in 50/50. If everything I earned and I bought, it was 50/50 tax. And for me, I'd probably even stomach that if the roads were nice, if the schools were nice, if the NHS and the hospitals were in a good state, if my town centre was good, if unemployment was low, if there was low homelessness, if there wasn't so many politicians. But unfortunately, this is not the world we live in. So, um, I need to give you a few little stats of what's just been going on recently, and then I'm going to give you some solutions because that's what I'm all about. And stay with me because I've got something very special for you. Yeah, become a gypsy, don't pay any tax. Um, okay, so, um, it was just announced in the news that the government have had to write off £8.7 billion in PPE. So they bought £8.7 billion worth of PPE, you know, masks, etc., um, that they had to write off. So they obviously spent a lot more, but £8.7 billion of it is written off. Now, if you were a company and you did that, you'd probably— you might even go to prison for that. But that's just happened. Um, also about nearly £4.5 billion, I believe, in COVID loans they've had to written off through fraud, essentially. People borrowing and spending, and they can't track and track it back. I was going to say track and trace, that's something else. And then the track and trace app that they spent, what, $4 to $5 billion on. So we're talking $16, $17 billion spent by the government. And someone else has said there, and the rest. Yeah, and the rest that is going to be completely written off. And let me ask you this, who's paying for it? Yeah, you, me. Because do you think taxes are going to go down when inflation is soaring and QE is soaring and supply is reduced and interest rates are really low and all these billions have been, let's say, unaccounted for? They believe that it was spent wisely. I think it's wasted. I thought that track and trace app was wholly disruptive to businesses and often didn't work. Um, yeah, so this shit is for real going on. They have got to get that money back. Make no mistake about it, it's coming from you or I. There's only really two main ways I know that the government can generate revenue, and that's borrowing it from somewhere else or charging us in it through taxation. You know, there may be some other ways, but they don't seem to do those very well. So in the next few years, inflation's probably not going to stop going up. And taxes are probably not going to stop going up. Okay, here's what you can do about it, and this is important. By the way, please share this video if you agree that inflation is high and they're covering it up. You know, you hear inflation figures, but they say, but it doesn't include— doesn't include price inflation. Well, shouldn't inflation include everything that's going up in price or down in value? But the, the data's sort of manipulated. And, you know, and some— in some inflation indexes, things like fuel and food aren't in it, and they're the things that are going up a lot. Now, of course, if you own assets, that's good, you've got price inflation. If you've got good debt, that's good because you've got debt reduction. So these things do work both ways, and I will say that because it's important to be balanced. However, please share this if you think more people need to know about the real reality of inflation, the real reality of quantitative easing, and the massive printing of money. Since the removal of the gold standard in 1971, there is nothing stopping governments printing trillions. In the last, you know, not very long, in the last few years, they've pretty much printed the whole of the previous economy of the history of the world ever. It's, it's absolutely crazy. So they can just turn on the printing of money button and your cash value goes down. So here's what you can do to protect yourself against that. Number 1, you need to share this with as many people as possible. We need to get the word out there. Inflation is going up, tax is going up, and you need to be ready. And we need to do something about it together, and we need to stand against it. Because Nigel Farage told me tax in the '70s was 83%. If they tax me 83%, I'm getting the fuck out of this country. Absolute fact. I'm already getting ready, ready for it. I, I'm at the limit. 70% is pretty disgusting. I'm at the limit. Don't push me anymore. You don't want to see Rob pissed off. So we need to warn everyone about this because some people, oh well, it'll all be over soon, or oh well, they'll help me out, or etc. Okay, Joe Chimney said keep the language clean and I'll share. All right, yes, sir. I am somewhat annoyed by this tricky situation. The government are somewhat perturbing me right now. I am taking umbrage to this tricky— I find it hard speaking without swearing. But we have to warn everyone about it. All right, are you ready for solutions? Number 1, you've got to get your cash into assets quick. Because your cash cannot be eroded in assets by inflation. If it's in assets that have price inflation and if it's in assets that beat inflation. So if you can get your money into real estate or digital assets and you can get it out of cash, that'll help because cash is, you know, devaluing fast. That's number one thing you can do— save a bit and then invest a lot. Now, if you invest in a good asset and you can actually get debt and leverage against an asset, so let's say you get 30% cash in, 70% loan on a property. Well, when there's high inflation or high quantitative easing, the government are paying their debt down on the cheeky, but actually they're paying your debt down. Because if your loan is fixed at, say, half a million and it's going down 10% a year with inflation, they're paying your loan down for you. So there are some upsides. So get your money out of cash, get it into an asset, maybe a bit of leverage. Don't over-leverage. That's number one thing that you can do. Number two is you've got to change your spending habits. So what you used to spend on where the price inflation is high, you probably want to stop spending in those areas and only try if you can and spend in areas where price inflation isn't high. I know you have to have food, I know you have to have certain expenses, you can't help that, but there are things that you can purchase that don't have the same kind of price inflation. So just look into that. It's the second thing you can do. The third thing you can do is incorporate, set up a side hustle or a company so you can offset some tax. So I am frustrated, I have umbrage, I am perturbed. I'm not swearing, therefore you're sharing. If I'm not swearing, you are sharing. Um, but you know, I'm now making sure that, um, I can run as many expenses through my company as is legitimately allowed. So, um, you know, I'm currently looking at running R&D, um, expenses through my business. I have an LLP where I can run one car per partner through the LLP, make sure I can claim the home office, the hardware, the software, the traveling expenses if I'm doing business trips, etc., and making sure I'm claiming everything I can— all fuel, all subsistence, etc. Um, so step 1, get money out of cash and into assets and maybe leverage a bit of debt, um, to get higher value assets. Step 2, try not to spend where there's massive price inflation. Step 3 is incorporate or use your company and reduce your tax as much as you can and run as much as your general expenses that are legitimately offsettable against your company. These are 3 of 4 main things you can do. The 4th main thing you can do is make a lot more money. So you probably need to make double from what you made pre-lockdown. You probably need to make double in reality if you want to beat price inflation, quantitative easing, um, and, you know, the lack, the lack of supply which is causing asset price inflation as well. So my friend Sean Paul here, thanks Sean for, you know, being a regular subscriber and supporter. He keeps calling a crash that's coming. I agree, I think one is coming. I wonder if it's more an explosion than a crash because I wonder if it's gonna possibly be bigger than the crash of 2008 because we've got lots of artificial things that have happened that of course has caused an artificial boom, if you like, or a bubble. So what you can also do is be ready for the next correction. So be liquid, be resourceful, be investable, so that when there's the next correction, if it's hard and asset prices drop a lot and companies go into difficulty, then you can buy assets and companies for cents in the dollar and pence in the pound. So that's the fourth thing you can do. And then the fifth thing you can do is make more cash. So you've got to focus on driving the revenue up, making sales, selling a load of your stuff on e-com websites, getting it on Depop, getting it on eBay, getting it on Spotify— sorry, Shopify, Amazon, Etsy, you name it, you sell it. Um, thanks everyone for tuning in, by the way. Thanks for all your kind messages. I do read them all, even if I don't always interact. So please hit this share button and warn people. Number one, inflation is really high. Number 2, it's going higher. Number 3, quantitative easing is high, it's probably going higher. Your pound is worth 90, 90 pence, 85 pence, 80 pence next year, who knows. Number 2, taxes are going up and up and up. The government have wasted £17 billion on PPE write-offs, loan write-offs, and track and trace apps. This shit is real. Sorry, this shiz is real. You need to share that out. And now the final thing is the solution. Well, I've covered 4, but here's the big one: make more cash. So I've got some great news for you, my legendary fan friends. I've got a brand new Make Cash Challenge coming up in a few days' time. The brand new Make Cash Challenge. So I'm going to put the link in the comments as soon as this video ends, um, although I'll put— I'll put the— actually, I'll try and put it in now. If not, it'll be right at the end of the video. But the brand new Make Cash Challenge is where on Friday for, um, 7 straight days— so in 2 to 3 days for 7 straight days— I'm gonna give you 17 practical and tactical videos on putting more cash in the bank. Give me a yes in the comments if you'd like to put more cash in the bank. If you'd like to put more cash in the bank right now then you need to join the Make Cash Challenge coming up in a few days. And the way that you join that, by the way, is by joining my subscription program. I'm going to put the link in the comments. Bear with me, my computer's loading up, it's going a bit slow. Let me give you the link here as well. So keep an eye in the comments there, I'll stick the link in. Now my subscription program is only like a fiver, it's only a few pounds or dollars a month. You get 10 pieces of premium content per week on starting and scaling your business becoming an entrepreneur, leveraging the creator economy, creating multiple streams of recurring income. These are all, um, the subject matters of the subscriber program that I have. Now, if you join, I'm just going to try and dig out the link for you. Not only will you get this premium content, 10 pieces a month, you'll get 2 deep dive live masterclasses a month. Like my Six Figure Subscription Secrets Masterclass. You'll also, for example, get my Six Stage Seven Figure Launch Course, etc. Ivo is in. But the big thing that's coming is the Make Cash Challenge. So 7 Days to $7K. Give me a yes in the comments if you'd like to make $7K in the next 7 days, or $17K, or $27K. Um, because if you would, you need to jump in on the Make Cash Challenge. I've found the link. Here we go. Are you ready? Are you ready for the link? You need to go right now. I can see some people are already in. Get yourself ready for the link. I've found it and it's coming. All right, so literally only the, the cost of a cup of coffee. Right, here we go. Boom! The link is in the comments right now. So if you go along to the link I've just shared, then, um, for just the cost of a cup of coffee, a large cup of coffee albeit, you can join the Make Cash Challenge. And I'm going to give you, hmm, 15 hours and something like 17 modules on putting cash in the bank. I can see David is in. I've got a lot of members already. Now, if you're unemployed, there's at least 4 or 5 strategies I'll be teaching you that you can leverage to make more cash in the next 7 days. If you're employed and you've got a job, there is a good few strategies and tactics that I'll be teaching you to put cash in the bank in the next 7 days. If you are a startup entrepreneur, there's at least half a dozen. If you're a scale-up entrepreneur, There's 8 or 9 different ways to put cash in the bank right now. Um, Laura said, I've got a friend who wants to start a business. Get her in on this challenge. Tag her in and get her in on this challenge. I'm just putting a little bit more details. I've shared the link again in the comments. So, um, I've been running my subscription program for something like— oh, well, I've had subscription programs for 12 years, but I've been running this one for nearly 3 years. We do 2 Make Cash Challenges every year, and this one is starting on Friday, so it's perfect timing for you. So if you felt a bit like, oh, January's been a bit slow, or January was good and it slowed down, you want to put some cash in the bank, you want some practical tactical solutions on putting cash in the bank, um, whether it's selling items or setting up on e-commerce or getting referrals or generating leads or monetizing social media or increased marketing or increased sales or turning leads into clients, I'm going to cover it all over the next 7 days starting in 2 days' time. So, um, the links are in the comments. Go and join now. Um, the Make Cash Challenge, because it's 15 hours and what, 18 modules, it would usually be something like $500 to $1,500 if it were its own masterclass course. In fact, some of the masterclasses you get as a subscriber of mine have been sold for $500 to $1,500. Um, but for just the cost of a cup of coffee, you can actually gain access to all of this completely for free in my subscription platform. So the link's in the comments, I've put it in. Um, let me do a quick summary then. So, um, inflation is tax and tax is theft. Right now inflation is way higher than you're being told, and I believe it's more than double digits, which means that your your pound is worth less than 90 pence next year, and your dollar is worth less than 90 cents. So that is a form of tax. Why? Because the government, with their lockdowns and with their massive increase in taxes and with their massive increase in quantitative easing and printing of money, have created this mostly because the government's artificially intervened with really low interest rates and really high inflation and really high quantitative easing. So you have to protect yourself against inflation, which means you need to generate at least 15%, if not 20%, more money in a year just to pay for inflation. Then you've got the tax hikes, which I believe when it gets to a certain level, tax is theft. I don't mind paying 30%, I don't mind paying 50%, but I don't want to pay 70%. And I'm paying on sales, on Corporate and personal income and expenditure, I'm paying about 70 pence in the pound in corp tax and income tax and VAT and dividend tax and drawing tax and business rates and national insurance and all these contributions that you have to make and all these stealth taxes. So right now, in reality, tax, even if you're in the lower bracket, is 50, 60, 70% plus. How do you hedge against that? Number 1, you've got to get your cash out of cash into assets. Ideally, get a bit of leverage on your assets so you protect your cash from inflation and, um, you, um, increase in value your equity through assets. And if you've got a bit of debt, then essentially the, the quantitative easing and the inflation can actually pay down your debt to a certain degree. That's at least one nice thing. The next thing you need to do is you need to be careful with where you spend. And you need to not spend in areas where there's really high price inflation of recent times. Now, sometimes you can't help it because, you know, you can't— you need your energy, you need your food, you need your fuel, etc. But everywhere else, try and only spend where there's been low price inflation. The next thing you need to do is you need to work your tax down. You need to run all your expenses that you can through, get on the government website, speak to an accountant, speak to a tax advisor, and learn about all the things you can offset. There's lots of things that you can offset that you're not offsetting, and you need to offset everything so you can get that tax down as much as possible. And then the fourth thing you need to do is you need to make a lot more money. You probably need to double your income within 12 to 24 months in reality to combat all of this. And I believe the best way you can do that is join my Make Cash Challenge, because, um, coming in a couple of days' time Links are in the comments to join the Make Cash Challenge. All you have to do is be a subscriber of mine. You don't have to pay the $1,500 that this would probably normally cost if it was a pre-recorded course. You simply just need to join my subscription platform. Link is in the comments, um, and you're going to get access to the 7-day, 17-module, 14-15-hour Practical Tactical Make Cash Challenge. There's going to be prizes, awards, accountability, and leaderboard competitions on who makes the most cash. Most of my previous Make Cash Challenge members, they, they probably do between £3,000 and £35,000 in pounds. So what, £5,000-ish to nearly £50,000 cash in the bank in 7 days? If you like the thought of that, the links are in the comments. Join the Make Cash Challenge coming up in a couple of days' time and get all the benefits for being a subscriber of mine. 10 pieces of premium content, 2 masterclass courses a month, access to my live events like the Recurring Income Summit. Thousands of existing members in the community waiting to network and collaborate and partner with you. Live meetups, Zoom masterminds, etc. Look, you've got to join, I believe, if you want to make a change. You know, I am a bit pissed off, as you know, with the government. Uh, you know, the politicians also proposed a tax— sorry, a pay rise for themselves, didn't they? So there's backhanders to drugs, companies apparently. Um, there's massive inflation, there's really low interest rates, there's massive taxation, there's $17 billion in my view wasted on written-off PPE, on written-off loans, and on a track and trace app. And, um, yeah, that's annoying. That is theft, hence the title. But, um, We need to do something about that, everyone. So please hit the share button and warn everyone else. Follow the 4 and 5 steps I've shared in this video. Go back and watch it, I don't need to repeat it again. And then join my subscription platform and jump in on the Make Cash Challenge happening in a couple of days' time. I want to thank you for tuning in. I want to thank you for following my work. I want to thank you for hitting the share button. I want to thank you for joining Rob.team. Just, um, also known as my subscription platform. Just let me know, um, in the comments when you've joined, uh, and I will, um, engage with you, welcome you aboard. I'll give you access to the full agenda, um, where you can, you know, work out what's happening every day. Every day I do an Ask Me Anything live on the Make Cash Challenge. I do a Q&A session on the Make Cash Challenge. We do a tactical masterclass on different ways to make money on the Make Cash Challenge. And then every morning I'm giving you action steps to go out and make cash, do sales, increase your marketing, generate leads, get referrals, sell your stuff. The only thing you're not going to have to do in the Make Cash Challenge is set up your OnlyFans and sell your own assets. That's the only thing you're not going to have to do. So thanks for tuning in. Hit the share button. I really appreciate you following my work. And remember this: if you don't risk anything, you risk everything.