Get extra videos and channel emojis:https://www.youtube.com/@Bitcoin_University/joinJoin Bitcoin University Premium:https://www.bitcoinuniversity.com/joinIn this video, I discuss the tradeoffs when it comes to the income tax vs. tariffs. While tariffs do interfere with free trade, adding tariffs while eliminating the income tax would incentivize a much smaller federal government-- one which was not so dependent on surveillance and violating the privacy of Americans in order to collect tax revenue. The US received a double blow in 1913 that it has never recovered from: the imposition of a central bank (Federal Reserve) and the income tax.It's time to abolish both of them-- and also the Bank Secrecy Act and the so-called Patriot Act. All of these laws and institutions are completely unconstitutional.Not investment advice! Consult a financial advisor.Trump doubles down on replacing income taxes with tariffs in Joe Rogan interview:https://www.cnbc.com/2024/10/26/trump-joe-rogan-election-tariffs-income-tax-replace.htmlFederal Reserve:https://en.wikipedia.org/wiki/Federal_ReserveRevenue Act of 1913:https://en.wikipedia.org/wiki/Revenue_Act_of_191316th Amendment:https://constitution.congress.gov/browse/amendment-16/1913 tax brackets:https://x.com/RussLatino/status/1829150364353892411/photo/1Income tax as percentage of US government revenue:https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/Washington DC rags don't like the idea of Musk cutting USG spending:https://thehill.com/business/4966789-elon-musk-skepticism-2-trillion-spending-cuts/Get my latest members-only video:https://www.youtube.com/watch?v=Wx56bYeH8HM&ab_channel=BitcoinUniversity I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #Trump #taxes Disclaimer Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=yv2HEmTEqjA