As part of the Megacampus Summit Dubai, Talal Al Hammad, Editor-in-Chief of entArabi, interviewed the renowned author Robert Kiyosaki, the writer of the bestselling book Rich Dad Poor Dad. The discussion covered various topics related to taxes and investments.
Taxes and Entrepreneurship: Who Pays the Most?
Kiyosaki pointed out that small entrepreneurs, such as doctors, lawyers, and accountants, pay the highest tax rates compared to wealthy entrepreneurs. He said:
“Rich entrepreneurs don’t pay taxes, while small entrepreneurs pay up to 75% in taxes globally. As for me, I pay zero.”
He added that this disparity reflects economic philosophies like those outlined in Karl Marx’s The Communist Manifesto, which emphasizes that “a graduated income tax is essential for the spread of communism.”
Collaboration with Trump
Regarding his co-authorship of two books with former U.S. President Donald Trump, Kiyosaki encouraged the audience to read the books to understand the investment strategies that helped them earn millions without paying taxes.
Bitcoin Investment and Financial Diversification
With Bitcoin approaching $100,000, Kiyosaki shared his strong advocacy for investing in Bitcoin and gold but stressed the importance of learning before making investment decisions:
“Don’t let anyone tell you what to do. If you don’t know, you need to study.”
Despite his optimism about Bitcoin’s future and his prediction that it might reach $1 million, he considers Bitcoin a small part of his diversified portfolio, which includes oil wells, cattle ranches, hotels, and residential properties.
He concluded by saying:
“Diversification in investment is the key to success.”
A Message to the Audience
Through this interview, Kiyosaki emphasized the importance of critical thinking and self-education in building wealth, highlighting the significance of diversifying investments and avoiding reliance on a single source to achieve financial stability.
