Peter Schiff
speaker
879 appearances
1 recordings
1 series
first heard Jul 2026
last heard 23 Jul
Peter Schiff’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
We're going to have a stock market crash, a real estate market crash.
Do you want all those things?
Because if you don't want inflation and then you don't want that other stuff, you've got to cut government spending.
And if you're not going to cut government spending, you've got to raise taxes.
And you can't just raise taxes on the rich because they're not going to really pay.
You've got to raise taxes on the middle class.
Well, you know, they have better ways of avoiding the tax.
But if you're going to just raise the marginal tax on the wealthy, you're going to have less investment.
You're going to have less income to tax.
And when you tax...
money that otherwise would have been saved and invested you undermine the economy you undermine economic growth you undermine job creation and it may end up leading to less tax revenue even though you have higher tax rates the only way to really get higher tax revenue is to go after the consumer spending
And sure, you know, you can have taxes on private jets and yachts, although the federal government can't really impose those because those are property taxes.
But you have to tax money that would have been spent, which means if you want less inflation, you've got to tax the middle class.
And in fact, what the big, beautiful bill did and why it was such a bad bill and shouldn't have been passed is it did the opposite.
Because the big, beautiful bill cut taxes, the very taxes that you would need to raise, cut taxes on tips, cut taxes on Social Security, cut taxes on overtime.
This is money that is spent.
And so when you cut taxes and you end up getting more consumption, you just get higher prices.
You just get to play.
You don't get any economic growth out of that.
You get economic growth from increasing investment, which comes from lowering the marginal tax rate.
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