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Transcript

HIDDEN TAX TRAP EXPOSED | Why Bitcoin Is the ONLY Escape! | Beyond Bitcoin · Simply Bitcoin

• 0:00
  Earn it payroll tax, receive it income tax, spend it sales tax,
• 0:06
  invest it capital gains tax, save it inflation.
• 0:10
  Every move you make with your money, there's a detached hand
• 0:13
  on the other side waiting at a toll booth.
• 0:15
  And here's the kicker, they're the ones that built the road.
• 0:17
  In this episode, we're going to break down how the system
• 0:20
  extracts value at every stage of your life and how Bitcoin flips
• 0:24
  the script on that. Emotions.
• 0:26
  This is beyond Bitcoin. Get ready for another one.
• 0:34
  And of course, the government couldn't really pay for its
• 0:38
  policies and its wars with taxes.
• 0:41
  We didn't pay for World War One with tax.
• 0:43
  We didn't pay for World War 2 with tax.
• 0:44
  We didn't pay for Vietnam with tax.
• 0:46
  In fact, you know when you trace this, what you realize is the
• 0:49
  government never pays for all of its policies with taxes.
• 0:53
  It's too painful to ask to raise the taxes, to truly
• 0:57
  transparently pay for the things you're doing with taxes, with
• 1:01
  taxpayer money, because they feel.
• 1:03
  That's one interpretation or it's just too transparent.
• 1:07
  If people, if people understood the the, the true cost.
• 1:11
  Of war. They wouldn't want to go to war.
• 1:14
  If you were told that you would lose 95% of your assets you
• 1:19
  know, and 90% of everything you will be ever will be taken from
• 1:23
  you, you might re prioritize your thought about a given
• 1:28
  policy and you might not vote for that politician.
• 1:31
  Before your first paycheck even hits your account, the
• 1:34
  government takes a cut. That's payroll tax.
• 1:36
  Social Security and Medicare totals at about 15.3%.
• 1:41
  You see half of that 7.65% on your pay stub, but your employer
• 1:46
  pays the other half. And if you're self-employed, you
• 1:48
  pay the full thing. In 2025, Social Security applies
• 1:52
  up to $176,100 of wages while Medicare has no cap.
• 1:58
  High earners pay an extra .9% of Medicare surtax.
• 2:03
  And this isn't pocket change. Payroll taxes brought in $1.6
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  trillion in fiscal year of 2023. So about 36% of all federal
• 2:12
  revenue comes from payroll tax. After payroll, you still face
• 2:15
  income tax. The US federal system tops out
• 2:18
  at 37% and states add their own layer.
• 2:21
  There's no state income tax in places like Texas, Florida,
• 2:25
  Nevada, and Washington. But on the other end of the
• 2:27
  spectrum, California tops out at 13.3%, which is the highest tax
• 2:33
  rate in the nation. So just depending on your zip
• 2:35
  code, 2 people with the same job could be facing wildly different
• 2:40
  tax rates. So think about this.
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  Earn $100, payroll trims it down, income tax slices off
• 2:47
  another 20 or $30, and already nearly half of your effort
• 2:51
  disappears into the government's pocket.
• 2:53
  Now you go on and spend what's left, but there's another hand
• 2:57
  right around the corner waiting to reach out.
• 3:00
  Country needs every ounce of its energy to restore itself.
• 3:05
  The costs of government are all assessed upon the people.
• 3:09
  This means that the farmer is doomed to provide a certain
• 3:13
  amount of money out of the sale of his produce, no matter how
• 3:18
  low the price to pay his taxes. The manufacturer, the
• 3:22
  professional man, the clerk, must do the same from their
• 3:28
  income. The wage earner, often at a
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  higher rate when compared with his earning, makes his
• 3:35
  contribution, perhaps not directly but indirectly, in the
• 3:42
  advanced cost of everything he buys.
• 3:45
  The expenses of the government reach everybody.
• 3:50
  Just so many hands reaching out. Give me a little bit of that
• 3:54
  pie. I'm of course talking about
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  sales tax. Now there's no sales taxes in
• 3:58
  places like Montana, Oregon, New Hampshire and Delaware.
• 4:02
  But Tennessee on the other hand leads at 9.55% on average state
• 4:07
  and local, with places like Seattle, Chicago and Birmingham
• 4:10
  also pushing above 10%. Birmingham.
• 4:14
  Birmingham. You Birmingham's out there.
• 4:16
  You know what I'm talking about. Birmingham.
• 4:18
  Birmingham. Translation.
• 4:19
  Buy a car for $30,000 in Oregon, you'll be paying $30,000.
• 4:25
  Buy that same car for $30,000 in Tennessee, you'll be paying an
• 4:29
  extra $2865 in sales tax. I guess we all have to go to
• 4:33
  Oregon to buy cars. So by this, your text when you
• 4:36
  earn, you text when you receive, and you text when you spend
• 4:39
  Triple dip. I'm going to cover this, but
• 4:44
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• 5:25
  Moving on, let's say you invest what you have left, but still
• 5:29
  any success in this field is still penalized long term
• 5:33
  Capital gains tax is taxed at 0 percent, 15% or 20% depending on
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  your income and above certain thresholds you can tack on
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  another 3.8% of net investment income tax or NIIIT, stack it up
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  and someone like a Californian can face up to 37.1% of combined
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  tax, while a Floridian might stick around 20%.
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  Floridians are like people who consume fluoride.
• 5:57
  Is that what a Floridian is? Damn.
• 5:59
  So all of these taxes just cutting my pie are, that's got
• 6:04
  to be the last of them, right? No.
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  So maybe you just want to skip investing and save your money,
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  but this is where the most cruel tax comes into play and that's
• 6:15
  inflation. It doesn't come with a bill.
• 6:18
  You don't see it on a pay stub. But the silent theft is real.
• 6:21
  I'm sure you guys felt this, but in June of 2022 inflation peaked
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  at 9.1% year over year. That's the highest since the
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  early 80s. Even today at 2025, inflation is
• 6:33
  still running at 2.7%. That's the headline and actually
• 6:37
  it's 3.1% is the core. But those inflation rates that
• 6:41
  they're saying are not really a reflection of reality, are they?
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  We all know that CPI is a big joke, so you don't really have
• 6:48
  to take it seriously. And the actual inflation rate is
• 6:50
  really dictated by your local jurisdiction.
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  Basically, this means that every year your dollar buys you less
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  and less. Translation.
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  You can play by every single rule in the game.
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  Doesn't matter you earn it, save it, invest it, spend it, you're
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  still going to fall behind. Because when money becomes a
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  system of control, financial services companies become
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  deputies in this system of enforcement and control.
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  And as deputies, they get some perks.
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  And one of the perks is they never go to jail.
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  Well, with a few exceptions, there are some fundamental rules
• 7:30
  that always apply to our society.
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  Bernie Madoff went to jail. He made the fundamental mistake
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  of stealing from rich people. Don't do that.
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  Foreclose on 10 million poor people?
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  No problem. Create three and a half million
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  fake accounts in Wells Fargo? No problem.
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  Lose 143 private records of individuals at Equifax?
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  Let's see some bets. How many executives are going to
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  jail? None.
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  A system of control corrupts the very basis of money until it can
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  no longer function as a medium of exchange, and it breeds
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  economic exclusion. We are now 25 years into the era
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  of the Internet, and we are reaching fewer people with
• 8:20
  economic inclusion. We're actually backtracking
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  historically because increasingly entire countries
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  are being cut off from the world financial system.
• 8:32
  You don't act in the best interests of the United States.
• 8:35
  You lose your SWIFT code. You are no longer part of the
• 8:38
  wire transfer network. You submit to the jurisdiction,
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  the universal jurisdiction of American courts, like
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  Switzerland had to do. Or you lose access to
• 8:50
  international banking, You lose access to the reserve currency.
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  You lose access to the lifeblood.
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  This devil's bargain has made financial services unassailable
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  from a point of competition. They are surrounded by a thicket
• 9:08
  of regulations, and these regulations are not about
• 9:11
  consumer protection. Consumers are most certainly not
• 9:16
  protected. They are most certainly about
• 9:19
  the system of control of money. They are about the law
• 9:23
  enforcement and policy enforcement and sometimes
• 9:27
  straight up politics enforcement that comes with money.
• 9:32
  So at every turn, every transaction, every exchange, the
• 9:36
  pie is being sliced. But what if it wasn't?
• 9:41
  Hey Oceans, can you queue the Bitcoin messaging please?
• 9:44
  It is one of the most effective systems of control that exists
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  and now it has to face competition from a system that
• 9:53
  will not do that, that cannot be made to do that, that will not
• 9:58
  yield, that will not be Co opted.
• 10:04
  And what's the response? Ha, Bitcoins a joke.
• 10:08
  Cryptocurrencies. They're outside the system.
• 10:12
  Nobody wants to be outside the system.
• 10:14
  Guess what? There's 6 billion people out
• 10:17
  there. They don't want to be outside
• 10:20
  the system. They'd much rather be inside.
• 10:23
  But they haven't been invited, and they probably won't.
• 10:28
  And many of them can't do the things that are necessary to be
• 10:32
  invited into the system. And guess what?
• 10:36
  There's an entire generation that has now discovered the two
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  forms of power that come to people.
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  First form is voice, and the second form is exit.
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  You either speak up with your voice, express your political
• 10:55
  will, and force change. And when that doesn't work, you
• 10:59
  get to the second most important power that all humans have, and
• 11:03
  that's exit. Now, borders have been erected
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  for millennia to prevent exit, to slow down exit.
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  You can't easily emigrate, opt out, colonize, depart, exit.
• 11:23
  But what happens when exit is not a physical act, but a
• 11:27
  virtual act? What happens when people decide
• 11:31
  to exit from the financial system in a virtual way?
• 11:35
  Wrexit. Betex it.
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  You can keep the inside of the gilded cage.
• 11:46
  It is demographically stagnated. It's over leveraged.
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  It's swimming in debt. It's out of control and it
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  serves a tiny sliver of the population.
• 11:59
  You can keep it. Bitcoin changes the rules.
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  No payroll tax on your mindsets, No inflation bleeding your
• 12:06
  savings. No central authority deciding
• 12:09
  how much your money is worth. Just 21 million forever.
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  I just want 21 million forever. I just want 21 million forever.
• 12:21
  That's right, 21 million forever.
• 12:23
  When you own Bitcoin, you are not renting your money from the
• 12:27
  system. You're opting out of the toll
• 12:28
  booth. Sounds pretty good.
• 12:30
  And if you want to opt out of that toll booth in a completely
• 12:32
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• 12:37
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• 12:40
  They host and maintain your rigs remotely, sourcing renewable
• 12:43
  energy like hydropower to power your miners.
• 12:46
  You own the hardware, They handle the uptime and
• 12:49
  operations. They position many of their
• 12:50
  facilities carbon freeze so you can mine sustainably while
• 12:54
  stacking SAS. And if you want exposure to
• 12:56
  mining without the noise and headaches, go to sasmining.com.
• 12:59
  But could call with one of their expert team members and start
• 13:02
  mining today. Texas are the bane of existence.
• 13:05
  Bitcoin fixes this. Thank you so much for watching
• 13:08
  this video I'm oceans. This is beyond Bitcoin.
• 13:10
  If you like what you see and you want to see more hit that like
• 13:12
  button below right below there or you can hit the subscribe
• 13:16
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• 13:19
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• 13:21
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• 13:24
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• 13:27
  Beyond that, this is beyond Bitcoin.
• 13:30
  Until next time.