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I would love to see a video on the entertainment industry. Maybe something on how these production labels prey on up and coming artists/actors by getting them to sign ridiculous contracts to trap them with that label for “all of eternity until the end of the universe” yes that quote is from an actual contract
This is more like very advanced tax avoidance, since the amounts are being shuffled around instead of outright concealed. Trying to hide the amounts defeats the purpose, because you want the IRS to know you bought the painting, put it in the museum, and sold it at auction. One of the main purposes of the tax code is social engineering, rewarding behaviors the political elites find useful or beneficial. (And as often as not rewarding friends and punishing enemies.) In this case using fine art as an asset is useful, especially in the age of fiat money where governments have seized personal stores of precious metals.
In Parks and Recreation there is an episode where they are doing an event at an art show and Ron Swanson says "why the government is involved in an art show is beyond me" now it makes sense why they were involved
Back in the 90s there used to be "art galleries" in areas dominated by crime families in the Balkans and Italy. The business model was basically make money illegally, launder them through art and use them to open legitimate businesses. Many of the Picasso's and Monet's in circulation around Eastern Europe are a direct result of crime.
Designer here, you would be amazed at how many people actually consider it art and would buy it, especially if it has a mysterious meaning behind it, a meaning that no other art has
@S.A.M If I don't understand it then I am stupid. Ok I understand this comment is an art. An art is an art which is related to art. Understanding art is an art itself. It is an art just like an art. Art...
@@trollenwaffen2055 you'd be surprised how many artifacts are taken and kept in private collections just from speaking to professors and those who work with conservation and in museums. This has been going on for hundreds of years and passed down or laundered. Skill doesnt matter in art as it's a part of history
I do not know if I am naive but as a person that has worked in the art industry I would never have imagined that it could be used like this. I always thought paintings especially are to validate a rich man’s prestige and ego, not to hide his money... wow
I've been called crazy for telling this to people when they always ask why rich people buy seriously expensive art. Like it was some kind of conspiracy lol.
@@michaeldunn8972 youre probably referencing early 20th century artists Jackson Pollock. Have you seen one? It’s really not just paint on a white canvas, its energy, scale, emotion imparted onto canvas and done so convincingly. Art is about purpose and intent. You could throw paint at a wall and i promise you it would look like shit because you are unskilled in understanding line and composition and movement and form. And because you arent a skilled artist you definitely dont have the ability to make convincing art. Pollock throwing paint at a wall would probably display convincing purpose. Yours would look like a sad accident. And also, Pollock and other american expressionist artists of the early 20th century did this were pioneering a movement and it also represented the american individualist expressionsim vs the soviets tight form of art and representation. It was part of the Cold War era dialogue and also influential in setting NYC as the contemporary art capital.
Bro, when I see my city buys a literal trash and come back next month to see that it now has a nice outer layer of rust; I just know that shenanigans are going on. Edit: the literal trash is a giant metal trash can Statue. It was built in Washington and predictably rusted over a month later.
@@liamc1102 Taxes are a scam BECAUSE of crap like this. If the top percentages weren’t serial tax evaders we wouldn’t have this problem. Also, it’s easy to “love” something when it’s saving you millions of dollars. Even something as gross as a great big smelly turd with corn in it.
Oh! That explains why people say artists more famous when they are dead, partly true; it is more likely the artist no longer able to create works that may devalue the line of works causing scarcity hence inflating the value of their existing works.
Starry Night would be worth a ton no matter what. Same with the Mona Lisa, Guernica and other legitimately great works. Those actually deserve to be highly valued. The bullshit comes from stuff like all white paintings selling for 500k
@@joni1405 Some white paintings sold for 20 million. They’re part of the canon of art, the minimalism period. There aren’t really ‘all white’ paintings selling for millions, that don’t have the history behind them, of certain iconic artists who made them. Now it doesn’t seem so special to exhibit an all white painting. That’s because it isn’t. In the beginning of the 20th century it was though. It’s like the difference between inventing the number 0 and using it. Once it’s there it seems like nothing special, but inventing it really is. Plus the name of the artist attached to a painting, no matter how basic the painting is, creates value.
I am in. Money laundering, tax evasion, drug trafficking, private militaries, private prisons, corporate espionage, a cult, churches/mosques/synagogues and a hedge fund to wash it all down.
Thanks for the interesting video. It taught me something rather cruel and interesting. I feel that they need to make sure that they do pay their taxes. The fact that they use the art industry as a laundering scheme because of how the value fluctuates is really sad.
Everyone who has a mild interest in art KNOWS THIS. It's not a secret, it's on full display to everyone, but it's also a win-win for literally everyone involved so it continues as it is and we all pretend we care about the art in question. Edit: Southebys is the most famous dealer of fine art and jewellery and I recommend you check them out because some BEAUTIFUL paintings haven't been declared to be valuable by some man in a suit and so you can get a BEAUTIFUL piece of art which was painted in 1828 for less than $8,000 (Which is mad, and also shows just how much value is added through speculation and "Brand Name").
@@nikosorf4250 Because art community gets pissed off when people say that price of art is high because of money laundering. 'You just don't understand their true value, their meaning'. Yes, maybe the art is nice, but for sure it's price isn't thanks to the effort put into it, but the money laundering.
@@zopiranha3871 of course and the price doesn't reflect on the effort, neither on the artistic value, those usually affect the price but there are a lot of different factors that contribute into the price... and a lot of those factors are artificial, of course easily manipulated by the rich. It's not a secret The idea that the price of something reflects on it's artistic value is skewed, no one in the fine arts community thinks that "pricey=better" , if we lived in a perfect world maybe that would be the case, but here we are under capitalism If you'd like to, try to bring the music industry in view, in contrast to "fine arts" the money one gets is simply reflective of their popularity with the masses, so the masses who have no education in music and are easily pursued by trends get to be the deciding factor for where the money goes... and so trash piles up at the top Art is weird in general, cause it's by nature subjective, nothing can be set in stone but much like the sciences one needs a tad bit of education to understand certain parts of it... and art education is certainly lacking
I the UK, “wasting assets” like art, wine, watches, and classic cars do not attract capital gains tax. NFT’s are not wasting assets. I am not an accountant.
Most modern art that gets shit on actually has a reason why it's special, with something as subjective as art you can't really prove that the valuation is justified, but people saying "why is this worth so much i could draw this" usually know nothing about the artist and their work or the genre in general, and think good art=realistic painting.
Rich art collectors: *DAMN YOU JAKE TRAN! I WOULD'VE GOTTEN AWAY WITH IT IF IT WASN'T FOR YOU ROTTEN TH-camRS!* Russian mafia: The CIA: China: Yakuza: People of CHAZ: Universities: Welcome to the club.
I am a sophomore accounting student and I don't know much if it applies to other countries but in the Philippines it is illegal for the seller to bid for their own product to raise the price (If I remember correctly, I will review my books and correct later if untrue). Unless they announce first that they are the seller and start bidding for the item, they may be penalized for it. You might want to check on that because I think that's pretty sneaky tbh. Also, I agree with the donation thing but most of the time, businessmen start getting rid of the money from a corporate standpoint and provide their employees with additional benefits, incentives or just generally increase spending (In the records, they just need to get their gross income before tax low before applying taxation rates). Then when the dividends roll out to the stakeholders thats when they do donation stuff to THEIR OWN charity foundations. Some pretty nasty stuff but you gotta give them credit, they still pay enough to get protected by the government. Or at least, thats how it is here in my country. Great video. Loved the structure.
But, I think money laundering would be impossible because of the public ledger ... Since all the transactions would be visible for anyone ? If wrong, please correct.
@@adarshgupta9508 it would be hard you would have to send funds to multiple wallets keep dispersing them over and over again. Then slowly putting them into tornado cash and withdrawing them after an extended period of time.
It will never happen simply bc of human nature. The elite don't want a utopia. What's the point in being rich and powerful if you can't lord over some peasants.sure well have ai and automation to do alot of things but at the same time they will be going and getting 30 guys and giving them shovels telling them to do something instead of using diesel for a tractor. Keep in mind the pyramids were built with simple technology and alot of labor.they will get ppl to do tedious grunt work just because they can even though a machine could do it better if for nothing but status. I expect after the digital currency and the social credit system comes in theyll be putting many many ppl into what abouts to labor camps. They'll be forced to build cheap shit to sell to the big corps .
Let’s do math: 100M @ 37% = 37M tax bill In your example you reduce income by 30M leaving us 70M @ 37% = ~$26M. You had to purchase the art for $10M. You’ve now paid $36M (not to mention storage fees for free port). So, in one scenario you don’t buy the art and pay out $37M in tax. In the other scenario you paid $36M but you have a piece of art. We’re also assuming a 5x valuation on the art over just “a few years,” too. Not very common. I see the point of this video, but the example is a bit exaggerated. And, it totally ignored the outflow for the painting and the opportunity cost tied up in the artwork. Ultimately, this video is an example of what theoretically could happen if some assumptions are taken to the extreme. CPA btw
I have studied art, not in an academic setting, but fairly extensively on my own. I can tell you right now that a major reason people look at a Mark Rothko painting or a Jackson Pollock painting and say they like it is because they have been told it is art of the highest form. They have been told this because essentially there is a prevailing belief that realism, impressionism, expressionism etc. are basically nothing in comparison to the expression of an artists soul. An art snob sees a painting like "Saint Joseph and the Christ Child" or "The Holy Family with a Bird" by Bartolome Esteban Murrillo and they see only religious nonsense painted in a boringly realistic way. However, when Jackson Pollock makes a ridiculously hideos painting of only splashes and slashes of paint, this is his soul, ahhhhh, such high art. It is literally all art snob ass sniffing. Most of these art critics know in their souls that Jan Van Eyck's "Arnolfini Portrait" absolutely dwarfs anything done by Rothko or Pollock, but they have already invested too much in saying modern art is the highest art we have. To go back now would be to admit that they were bullshitting the entire time. Long story short, from Giotto to Edward Hopper, there have been some incredible western artists, but just like the rest of the west, what was impressive is in the past and what we have at present can only be validated by disingenuous praise from arrogant fools.
I would suggest you take a look at some more biographies of artists such as pollock compared to monet or van eyck. Pretty much every shift in art has lead to comments such as yours. “ what was impressive is in the past” people say new art is just pretentious nonsense but a lot of it is just new ideas that people arent ready for. Thats why art is so important, it forces us to look at the world inna new way- its always changing and thus always uncomfortable. But if you give it some attention you can see it has merit in its own right so long as you give an inch and are willing to see art in a new light :)
My dad is an art consultant and he recently had to tell one of his clients that the "Botticelli"-design study he bought two decades ago was drawn on chlorine-bleached paper and is definitly not older than 100 years at best. Estimated worth: 5k. Remember kids- if something seems far to good to be true, it propably is.
@@Brandonhayhew not sure if I understand what you meant (Donnie as in Trump?), but if I do, how the fuck did you manage to bring up Trump into conversation here. That is beyond stupid, lmao
@@crescentprincekronos2518 that's what I mean,there already paying so much. These people saying they dont pay fair share ,what I meant was that if they raise even further I'd hate paying tax too and would avoid it
@@definitelynotyuribezmenov7611 then we agree. The truth is not easy to accept. The truth is without industrious, enterprising people who are willing to front the risk, we might look some other less fortunate countries.
Steve Cohen did this when he was under investigation, while he was still operating SAC Capital, by placing his priceless art collection within his children’s trust funds. Thus, it protected the art from potentially being seized by the investigating parties, because it doesn’t look that great from a PR perspective if the plaintiff takes custody of something that belongs to the children of the person being investigated, since they have little to no involvement in the actions of their parent(s).
that's why they cry when some random dude manage to convince them they're a half famous artist and their art is worth $10000 even though the buyer sees what they pay for
@@crescentprincekronos2518 Taxes isn't extortion. The Government needs money to function since with we live in a Capitalist System currently. They need money to make sure your money from losing its' value. Otherwise what is to stop others from taking your money ? Not all of us can afford Private Security. Taxes it used to paid for services we take for granted like the Fire Department, Public Schools, Libraries, The Postal Service, Research and Development, Roads and Infrastructure. Instead of the U.S.A bombing innocent brown people we could use taxes for Universal Healthcare, Student Loan Forgiveness, Ending homelessness, making sure basic needs are meet. If you worked every single day, making $5000/day, from the time Columbus sailed to America, to the time you are reading this tweet, you would still not be a billionaire, and you would still have less money than Jeff Bezos makes in a week. No one works for a billion dollars.
@@undeadblizzard I believe the word you're looking for is aren't since we MUST pay multiple taxes. I didn't even need a tax payer funded school to realize that.
@@undeadblizzard valuable resources are money, not paper so they can't lose value. Guess what, guns are affordable, so I can defend my land, if need be, innovate and make radar guided turrets. Government workers leach off of the citizens with ever increasing goodies, like unfunded pensions, medical, the works. Guess what, we can't vote for them not to take more from us.
There are no longer art. In the part yes, the artists were able to produce nice pieces, and even when you don't understand them, like with Dali, you can see there was talent involved and can see there is something there. Nowadays only a dozen of real artists keep doing art, everybody else is just pretending. They are just trying to look knowledgeable and edgy, but fact they are untalented and unable to produce art. There are more art in street artists than in the so called contemporary art. One time I saw in a museum a totally black paint, with the saying "this is too deep for you to understand" and other so-called art was a piece of wood with black and white stripes, nothing else..... all of these is just money laundering, not art.
Dude for real... this channel is on par with the best investigative journalism and topics chosen to investigate I’ve seen in a long ass time. Unbefuckinglievable, albeit super depressing.
Hey Jake, Love the content. This topic has always been one that I have been curious about. It would be interesting to see a deep dive into the business of selling to public education. It feels as though a lot of the products they sell to schools are just "good enough" and there is no incentive to continue to improve the products they sell.
Antique firearms can also be in the world of fine arts depending on who you talk to. And some of those antique firearms can cost just as much as those fine art paintings.
VIDEO IDEA: "Why are we always in Deficit"... I have been studying this subject for quite a while and if you are able to find it, you will believe that this might be the viral video you are asking.... I am able to share with you my thoughts on that..... Thank you for the amazing work that you have been doing!!
The reason this relates mostly to Modern art is because that is the art available at auction. Almost all of the work by the Masters, Renaissance, Classical etc is unavailable as it is in public collections.
Video Idea: “How China Plans to defeat the US Navy” in the video, you could talk about the 9-dash line, 1st and 2nd Island chain strategy, Taiwan, closing sea lines of communication (SLOC) into the South China Sea, hypersonic anti ship weapons development, South China Sea islands, anti satellite missiles, fiscal currency reserves, debt trap ports becoming naval bases in the Indian Ocean, etc. Love your vids man, keep them up!
Most interesting one I’ve seen you make in a while. Not that the others aren’t amazing but I never have thought about why art is so much and this business of it. BRILLIANT!
Not really... not all fine art is a sure fire investment and holds its value or is even set to increase its value. most of it is just cultural capital and rich dick comparing contests. and even if something does have value finding a buyer is a whole other story
A wealth tax would tax any investment, otherwise it is worthless, so the logic would inverse, it is better for collectors to have art appraised as low as possible.
Video idea: the upcoming industry of space with respect to travel, mining, interplanetary industries. Title: the space industry, a 4th industrial revolution or just a bubble to burst
Believe it or not, even in the US, most taxes are used for the public good. And when there's abuse, a functioning democracy will root it out. And well, the US's democracy might be cancerous, but it's not dead yet. Your cynicism might be warranted but it's not helpful. And believe it or not, some of us don't live in the US, yet our rich and our corporations still do the same crippling tax shenanigans, because they can and it's profitable for them to do so. In a way, they're the leeches, they're the ones who profit from your tax money without contributing their own.
Your channel have taught me so much. Thank you very much, I have managed to grow and make changes that servers my business and now I am becoming profitable.
It doesn't make sense to me to avoid a 37mil bill by Giving Away a 50mil object. If the idea was to save yourself cash, it's better to pay the bill; it's cheaper than what you gave away. If govts spent their money better - on the people and their well-being, noone would want to avoid tax.
Soo true i don't live in the US and for the longest time i didn't know why people try to Avoid taxs becuse taxs help the country Until i saw what the american Government spend people's money on, it's like giving a Million dollar to a kid
Here is a video idea: How to become financially free, passive incomes and all that jazz, yet not grow your appetite for things that only feed your ego. Let's take it a step further, since I know just like myself a lot of people are in debt, no mater the earning bracket, what are realistic ways of saving up, without diminishing the quality of your life, but once you are debt free and have all this time for more creative endevours, how to resist the urge to become a wealth hoarder. I want to be financially independent, but I don't want to not be able to resist my obssesive nature of once on the right track and every month I am actually passively or actively making a little bit more, how to resists the traping that so many people fall into. It could be a comprehensive video with real life situations. Explaining the basics, how to budget, how much to save, what is a bad loan and what is a good loan. Maybe I don't want to become an employer, just highly specialized in fields I am interested with, passionete about, creative fields that could make me want to wake up early tomorrow just so that I can continue with my various projects. Now I understand that these might be some basic concepts, but you would be amazed at how many poeple are completely financially clueless. It might not be the bomb that your regular audiance wants, but in about 30-45 minutes, you could explain to the masses how to become much more the masters of their destiny. The part I am really interested in, even though I started very late and that place is still years away from me is when to know enough is enough. It would need a bit of a click baity title, but not too much. Something like how to become ones own master and make fate your mistress? i am sure you could think of a better one. i do not have ambition to become a millionaire let alone a billionaire, and I am actually questioning if they should even exist. But some fundamentals from debt, to a place of freedom would be greatly apprecieted.
Hey jake, you could make a video about how Hungary and Poland have been undermining the European Union by breaking their rules and preventing a unanimous decision to kick either country out of the EU. Could be interesting to phrase it as a “how to break an international organisation”.
Oh, now it makes sense, i allways wondered why these art pieces were so expensive. It's actually impressive how billionares put more effort into laundering their money than these "artists" put into their work
Revenue on selling portraits is taxed. The point is to launder illegal revenues, and pay taxes on it to avoid the IRS. It is the exact opposite of avoiding taxes.
I checked out the exhibit, it's so cool. For some reason though, the entire museum had been evacuated by men in combat gear and I think I can hear someone screaming in the distance...
A video about how companies can blackmail smaller states to pass legislation they want. Example:MLB and Atlanta. I feel like you'd get some badass information in that if you haven't already.
You gotta love ultra capitalists criticizing the "free market" the second it doesn't work in their favor but let a socialist make any criticism of Capitalism and we get compared to Stalin or Mao. Don't worry, the free market is gonna sort itself out, you don't even have to complain
@@morenitomoreno1282 nah socialism still makes 0 sense. As long as people are willing to exploit government then government altogether will have defects. Socialism just ensures the government has all the purchasing power, and therefore it can/generally is corrupted very quickly.
Jack The Cripper but explain to me why are ultra capitalists bitching about the free market right now when they've telling me all my life how wonderful it is and called me a "commie" for mild criticism of the system? Can you make it make sense for me?
Jack The Cripper lol makes no sense. Based on the conservative argument I've heard all my live, the mere far you're criticizing corporations right now is communism
What I don't understand is that if all these shady tactics are so common knowledge that a youtuber can make videos about it, then why aren't there more laws to stop this?
💰 Do you watch TH-cam? if you do, here's how to turn your passion into an extra income from TH-cam, without ever showing your face or creating the videos yourself: l.viralprofits.yt/passion
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you spelled money laundering wrong
Hey Jake, love your videos, the rotating movement of the news headlines makes me sick, pls no do in future
I would love to see a video on the entertainment industry. Maybe something on how these production labels prey on up and coming artists/actors by getting them to sign ridiculous contracts to trap them with that label for “all of eternity until the end of the universe” yes that quote is from an actual contract
🐐🐐🐐
How about china is make there move in the Caribbean starting with Jamaica
_IRS has joined the chat._
Where's the deposit for Tran Capital??
I knew there was a reason I liked you
@@jaketran more likely an audit than deposit..so consider their absence a blessing more than an insult....
@@mesmith2526 If you aren’t in the top tax bracket and a business owner w/ deductions, the chances of getting audited are slim (although it happens)
Sleepy Joe giving $80 billlion to IRS is gonna go a long way.
As a designer, this is gold, im surprised the gov didn’t nerf this, unless they are evading taxes with art too which wouldn’t surprise me
100% using this
This is more like very advanced tax avoidance, since the amounts are being shuffled around instead of outright concealed. Trying to hide the amounts defeats the purpose, because you want the IRS to know you bought the painting, put it in the museum, and sold it at auction.
One of the main purposes of the tax code is social engineering, rewarding behaviors the political elites find useful or beneficial. (And as often as not rewarding friends and punishing enemies.) In this case using fine art as an asset is useful, especially in the age of fiat money where governments have seized personal stores of precious metals.
In Parks and Recreation there is an episode where they are doing an event at an art show and Ron Swanson says "why the government is involved in an art show is beyond me" now it makes sense why they were involved
(Covers words with cough) **hunter biden getting paid half a million**
Aren't they the thiefs in this thievery?
Unless one branch steals from the other...
Back in the 90s there used to be "art galleries" in areas dominated by crime families in the Balkans and Italy. The business model was basically make money illegally, launder them through art and use them to open legitimate businesses. Many of the Picasso's and Monet's in circulation around Eastern Europe are a direct result of crime.
That's the only reason why paper with some paint on it has these extremely high prices.
@@MILE011 Canvas with paint, it is actually more of a fabric, not paper.
@@marshallemmet1366 nobody gives a shit
..and evading taxes is kind of an art form itself.
Underrated comment
The art of avoiding being mugged by serpents!
how do I get good at "art?"
One that poor people simply don't have the art supplies for.
I currently work for an art gallery and have been there for ten years. This is what I see daily.
Charging that much for a Leonardo is understandable but for a white goddamn canvas? Fraud!!
Designer here, you would be amazed at how many people actually consider it art and would buy it, especially if it has a mysterious meaning behind it, a meaning that no other art has
@S.A.M If I don't understand it then I am stupid. Ok I understand this comment is an art. An art is an art which is related to art. Understanding art is an art itself. It is an art just like an art. Art...
@S.A.M 😂😂 that's a joke
All value is made up and subjective anyway. Buy DOGE.
Anything is worth as someone is willing to pay it.
Imagine spending years creating a painting just for a millionaire to buy it and store it in a dark vault with 100s of others
rich people hoarding art that should be part of canon is sad but also like... it does keep it more well preserved and protected than a museum would
Imagine how much of history countries are missing because of this hoarding too.
Then what was the point of being a artist?
@@Hevendemo not much. Not everyone got to have that level of skill
@@trollenwaffen2055 you'd be surprised how many artifacts are taken and kept in private collections just from speaking to professors and those who work with conservation and in museums. This has been going on for hundreds of years and passed down or laundered.
Skill doesnt matter in art as it's a part of history
It's simple I see tax evasion I click
**the IRS has entered the chat**
😂 yup 👍🏾
AHAHAHAHA
Normalize theft evasion
Yes.
imagine pouring your heart on paper as an artist just to have your paintings locked up in a dark room for nobody to see
Thats why their art si so bad and empty
Lol now a days they dont pour their hearts out on it. Just slather random spots on a canvas, call it "art" sell
it for fortunes! :D
@Eldritch not every one, some do believe ther own lie
yeah i hate it when my banana on ducktape that took 5 seconds to make rots in a dark room :((
@@GodlyEddy arts is still good I argue, although the community has been corrupted in more ways then one
I do not know if I am naive but as a person that has worked in the art industry I would never have imagined that it could be used like this. I always thought paintings especially are to validate a rich man’s prestige and ego, not to hide his money... wow
i thought rich people just had a limited amount of expensive hobbies that are considered high class enough and fine art was one of them
Makes it even funnier when the pretentious art people try to insult you when you "dont understand" how X is art.
This
@Mutiara Naga That art is not for you to buy. It's for tax eva... prestigious customers.
Eeryone's creativity is unique. Yet someone who finds something different attractive or interesting *is pretentious* but you're the one insulted?
@@juriukkonen6284 Lol imagine thinking this nonsense. There are very few creative people out there.
@@chudchadanstud
'Im not one or am not able to comprehend so there must not be too many of them in general'
Taking notes... 😬
Chang, you're gonna get a few knocks on your door from the IRS in a few minutes lmao
@@crypticgaming4485 Jokes on you we dont even have irs in my country. Tax evasion is one of the easiest thing to do in my country
@@benjamincowen.1134
🤔??...
lol
Think you might have missed the point
I've been called crazy for telling this to people when they always ask why rich people buy seriously expensive art. Like it was some kind of conspiracy lol.
I thought this was common knowledge at this point without how ridiculous the fine art world is now. It's a circus.
Well, it is a conspiracy. Just a real one.
Every 800k spent on paint thrown at a white wall comes with a free kilo of coke and 8 year old boy.
@@michaeldunn8972 youre probably referencing early 20th century artists Jackson Pollock. Have you seen one? It’s really not just paint on a white canvas, its energy, scale, emotion imparted onto canvas and done so convincingly. Art is about purpose and intent. You could throw paint at a wall and i promise you it would look like shit because you are unskilled in understanding line and composition and movement and form. And because you arent a skilled artist you definitely dont have the ability to make convincing art. Pollock throwing paint at a wall would probably display convincing purpose. Yours would look like a sad accident. And also, Pollock and other american expressionist artists of the early 20th century did this were pioneering a movement and it also represented the american individualist expressionsim vs the soviets tight form of art and representation. It was part of the Cold War era dialogue and also influential in setting NYC as the contemporary art capital.
@@AE-nf8nz hahahahahahahhahahahaha
You are a sad accident fella
This. This is why I can’t stand art simps. I always had a feeling this was the case.
Bro, when I see my city buys a literal trash and come back next month to see that it now has a nice outer layer of rust; I just know that shenanigans are going on.
Edit: the literal trash is a giant metal trash can Statue. It was built in Washington and predictably rusted over a month later.
It's both the love of art & smart money moves.
Not to mention taxes are a scam anyway.
@@liamc1102 Taxes are a scam BECAUSE of crap like this. If the top percentages weren’t serial tax evaders we wouldn’t have this problem. Also, it’s easy to “love” something when it’s saving you millions of dollars. Even something as gross as a great big smelly turd with corn in it.
@@z_is_for_zombie7423 You simply don't understand the love of Art & the amount of work that goes into it.
@@liamc1102 You’re right. I don’t. I’m not nearly gullible enough.
"... but again none of this matters if you lack resources, that is where Trends comes in"
Smooth af.
My dad told me about this, before that I naively though that starry night was 100 million because it was painted by van gogh
Oh! That explains why people say artists more famous when they are dead, partly true; it is more likely the artist no longer able to create works that may devalue the line of works causing scarcity hence inflating the value of their existing works.
starry night is still worth alot even without that
@@Isomnophilia also the original artist doesn't get the money, while the people with more power get to profit
Starry Night would be worth a ton no matter what. Same with the Mona Lisa, Guernica and other legitimately great works. Those actually deserve to be highly valued.
The bullshit comes from stuff like all white paintings selling for 500k
@@joni1405 Some white paintings sold for 20 million. They’re part of the canon of art, the minimalism period. There aren’t really ‘all white’ paintings selling for millions, that don’t have the history behind them, of certain iconic artists who made them. Now it doesn’t seem so special to exhibit an all white painting. That’s because it isn’t. In the beginning of the 20th century it was though. It’s like the difference between inventing the number 0 and using it. Once it’s there it seems like nothing special, but inventing it really is. Plus the name of the artist attached to a painting, no matter how basic the painting is, creates value.
Jake Tran will single handedly raise the future super villains through his videos.
@Cryptos Rus What's your offer?
i'm in
Time to be a Yakuza tax fraud expert
I am in. Money laundering, tax evasion, drug trafficking, private militaries, private prisons, corporate espionage, a cult, churches/mosques/synagogues and a hedge fund to wash it all down.
@@jahimuddin2306 lmao what a shitty comment
Fine art is watching a Jake Tran video without getting caught by the CIA
+1 social credit
CIA couldn't find a hammer in their own tool shed.
The IRS is the one that is more interested.
@CIA even the CIA isn't that dumb to use their name and logo.
Nope. CIA agent is watching you watch this video. You dont know that
I’m currently studying oil painting masters. Time to join the game LMAO
Thanks for the interesting video. It taught me something rather cruel and interesting. I feel that they need to make sure that they do pay their taxes. The fact that they use the art industry as a laundering scheme because of how the value fluctuates is really sad.
Everyone who has a mild interest in art KNOWS THIS. It's not a secret, it's on full display to everyone, but it's also a win-win for literally everyone involved so it continues as it is and we all pretend we care about the art in question.
Edit: Southebys is the most famous dealer of fine art and jewellery and I recommend you check them out because some BEAUTIFUL paintings haven't been declared to be valuable by some man in a suit and so you can get a BEAUTIFUL piece of art which was painted in 1828 for less than $8,000 (Which is mad, and also shows just how much value is added through speculation and "Brand Name").
It's only a win win for those in the business. New and young artists get nothing from this.
Which is why comissions is a better sponsor of art.
A certain Infamous leader of Germany’s paintings can be had for that amount as well
@@dr.lyleevans6915 don't see why anyone would want them heard they're kinda ugly
Literally every citizens except those involved in this method of tax evasion looses.
"Fine arts isnt about art. Its about evading taxes."
*Why Would You Say Something So Controversial Yet So Brave?*
Right? Its pretty brave to know so embrassingly little about abstract art and yet speak so confidently about it.
@@hardhat5406 this isn't about art. It's about how a group of people USING fine art to evade taxes. Can't believe you didn't catch on to that
I don't see how it's controversial tho
@@nikosorf4250 Because art community gets pissed off when people say that price of art is high because of money laundering. 'You just don't understand their true value, their meaning'. Yes, maybe the art is nice, but for sure it's price isn't thanks to the effort put into it, but the money laundering.
@@zopiranha3871 of course and the price doesn't reflect on the effort, neither on the artistic value, those usually affect the price but there are a lot of different factors that contribute into the price... and a lot of those factors are artificial, of course easily manipulated by the rich. It's not a secret
The idea that the price of something reflects on it's artistic value is skewed, no one in the fine arts community thinks that "pricey=better" , if we lived in a perfect world maybe that would be the case, but here we are under capitalism
If you'd like to, try to bring the music industry in view, in contrast to "fine arts" the money one gets is simply reflective of their popularity with the masses, so the masses who have no education in music and are easily pursued by trends get to be the deciding factor for where the money goes... and so trash piles up at the top
Art is weird in general, cause it's by nature subjective, nothing can be set in stone but much like the sciences one needs a tad bit of education to understand certain parts of it... and art education is certainly lacking
The sync with the music and chest thump at 4:46 is impeccable
I the UK, “wasting assets” like art, wine, watches, and classic cars do not attract capital gains tax. NFT’s are not wasting assets. I am not an accountant.
how can this guy not have more subs, seriously some of the best quality i have seen on youtube
This answers to painting that gets comments like “how come this is so expensive, even I can do this to” lol
YES
Exactly
« Poor people can’t understand this level «
@@dexterj.4274 i'm that poor people T__T
Most modern art that gets shit on actually has a reason why it's special, with something as subjective as art you can't really prove that the valuation is justified, but people saying "why is this worth so much i could draw this" usually know nothing about the artist and their work or the genre in general, and think good art=realistic painting.
Rich art collectors: *DAMN YOU JAKE TRAN! I WOULD'VE GOTTEN AWAY WITH IT IF IT WASN'T FOR YOU ROTTEN TH-camRS!*
Russian mafia:
The CIA:
China:
Yakuza:
People of CHAZ:
Universities: Welcome to the club.
fax yo
🤣🤣🤣😂😂😂 world is a Scam 🙏🙏🙏🇮🇳🇮🇳🇮🇳😁😁😁🤗🤗🤗
Every Jake Tran video is worth more than whatever school teaches.
+1 social credit
What a crappy video. Get an education first.
@@loveanimals-0197 get and education and become a corporate slave? Make sad 50k a year and be in debt? 🤣👌
@@nda6228 understanding the world around is becoming a slave? Damn gandalf teach pls
@@nda6228 yes, it's all the rage i hear, LOL.
Side note, vintage cars are also used for these purposes in the UK as they're known as wasting assets so you don't have to pay capital gains tax.
I am a sophomore accounting student and I don't know much if it applies to other countries but in the Philippines it is illegal for the seller to bid for their own product to raise the price (If I remember correctly, I will review my books and correct later if untrue).
Unless they announce first that they are the seller and start bidding for the item, they may be penalized for it.
You might want to check on that because I think that's pretty sneaky tbh. Also, I agree with the donation thing but most of the time, businessmen start getting rid of the money from a corporate standpoint and provide their employees with additional benefits, incentives or just generally increase spending (In the records, they just need to get their gross income before tax low before applying taxation rates).
Then when the dividends roll out to the stakeholders thats when they do donation stuff to THEIR OWN charity foundations. Some pretty nasty stuff but you gotta give them credit, they still pay enough to get protected by the government. Or at least, thats how it is here in my country.
Great video. Loved the structure.
Now with the NFTs it is even easier for money laundering lmfao
But, I think money laundering would be impossible because of the public ledger ... Since all the transactions would be visible for anyone ? If wrong, please correct.
@@adarshgupta9508 bitcoin joined the chat
@@astronautsclub536 bitcoin is traceable
@@astronautsclub536 bitcoin isn't private
@@adarshgupta9508 it would be hard you would have to send funds to multiple wallets keep dispersing them over and over again. Then slowly putting them into tornado cash and withdrawing them after an extended period of time.
Video idea: "Life after full automation. A future where humans don't have to work." I would love to see your take on this one.
Watch [ Wall-E ]
@@gwappo4852 I wasn't aware Jake directed that movie.
Idk man
Sounds depressing
Yeah I know...it sounds good fun and game,but still sounds so wrong.
It will never happen simply bc of human nature. The elite don't want a utopia. What's the point in being rich and powerful if you can't lord over some peasants.sure well have ai and automation to do alot of things but at the same time they will be going and getting 30 guys and giving them shovels telling them to do something instead of using diesel for a tractor. Keep in mind the pyramids were built with simple technology and alot of labor.they will get ppl to do tedious grunt work just because they can even though a machine could do it better if for nothing but status. I expect after the digital currency and the social credit system comes in theyll be putting many many ppl into what abouts to labor camps. They'll be forced to build cheap shit to sell to the big corps .
Doesn’t sound fun. If your a computer programmer and a trust fund kid then your okey
*this channel is a youtube gem*
+1 social credit
@@jaketran :D
Let’s do math:
100M @ 37% = 37M tax bill
In your example you reduce income by 30M leaving us 70M @ 37% = ~$26M.
You had to purchase the art for $10M. You’ve now paid $36M (not to mention storage fees for free port).
So, in one scenario you don’t buy the art and pay out $37M in tax. In the other scenario you paid $36M but you have a piece of art. We’re also assuming a 5x valuation on the art over just “a few years,” too. Not very common. I see the point of this video, but the example is a bit exaggerated. And, it totally ignored the outflow for the painting and the opportunity cost tied up in the artwork. Ultimately, this video is an example of what theoretically could happen if some assumptions are taken to the extreme. CPA btw
I have studied art, not in an academic setting, but fairly extensively on my own. I can tell you right now that a major reason people look at a Mark Rothko painting or a Jackson Pollock painting and say they like it is because they have been told it is art of the highest form. They have been told this because essentially there is a prevailing belief that realism, impressionism, expressionism etc. are basically nothing in comparison to the expression of an artists soul. An art snob sees a painting like "Saint Joseph and the Christ Child" or "The Holy Family with a Bird" by Bartolome Esteban Murrillo and they see only religious nonsense painted in a boringly realistic way. However, when Jackson Pollock makes a ridiculously hideos painting of only splashes and slashes of paint, this is his soul, ahhhhh, such high art. It is literally all art snob ass sniffing. Most of these art critics know in their souls that Jan Van Eyck's "Arnolfini Portrait" absolutely dwarfs anything done by Rothko or Pollock, but they have already invested too much in saying modern art is the highest art we have. To go back now would be to admit that they were bullshitting the entire time. Long story short, from Giotto to Edward Hopper, there have been some incredible western artists, but just like the rest of the west, what was impressive is in the past and what we have at present can only be validated by disingenuous praise from arrogant fools.
I would suggest you take a look at some more biographies of artists such as pollock compared to monet or van eyck. Pretty much every shift in art has lead to comments such as yours. “ what was impressive is in the past” people say new art is just pretentious nonsense but a lot of it is just new ideas that people arent ready for. Thats why art is so important, it forces us to look at the world inna new way- its always changing and thus always uncomfortable. But if you give it some attention you can see it has merit in its own right so long as you give an inch and are willing to see art in a new light :)
How the hell haven’t you blown up bigger? This is probably the highest quality videos I’ve seen in years
@Cryptos Rus What's your offer?
My dad is an art consultant and he recently had to tell one of his clients that the "Botticelli"-design study he bought two decades ago was drawn on chlorine-bleached paper and is definitly not older than 100 years at best. Estimated worth: 5k. Remember kids- if something seems far to good to be true, it propably is.
Was it a copy of a famous painting?
These are all perfect reasons why NFTs will be huge in the future
This site is definitely gonna be one of the most biggest money laundering but there is nothing wrong about being like donni
@@Brandonhayhew not sure if I understand what you meant (Donnie as in Trump?), but if I do, how the fuck did you manage to bring up Trump into conversation here. That is beyond stupid, lmao
@@dontbelievethehype777 not trump but a movie reference to donni brasco like mafia laundering money in the art business
This aged beautifully
@@dontbelievethehype777 what the actual fuck how the fuck did you go from not understanding to swearing
Here is an idea: Corporate real estate property. Like how Black Rock is now the biggest property owner in the world. Or maybe the rise of home office
This is the coolest one by far. I am quite interested in art and business. All I need to be a Millionaire.
It’s crazy how someone can manipulate the form of their wealth in order to get more of it
And that too without giving a single thing to productive economy,
Well they do pay lot of taxes tho,even Id hate that
@@definitelynotyuribezmenov7611 the top 1% pay 27% of federal income taxes. Just the top 1%. It seems they already are paying their fair share.
@@crescentprincekronos2518 that's what I mean,there already paying so much. These people saying they dont pay fair share ,what I meant was that if they raise even further I'd hate paying tax too and would avoid it
@@definitelynotyuribezmenov7611 then we agree. The truth is not easy to accept. The truth is without industrious, enterprising people who are willing to front the risk, we might look some other less fortunate countries.
here after South Korean Samsung family is slapped with $10bn inheritance tax, of which they are also donating some of their prized art to museums.
I heard, the tax would put samsung almost insolvent since it's so high
Inheritance tax is a freaking scam anyway.
Jake is out here giving tips that can get him arrested just for us. What a legend.
4:49 I love the way you synced the music with them pumping their chest! Making me pumped!
Steve Cohen did this when he was under investigation, while he was still operating SAC Capital, by placing his priceless art collection within his children’s trust funds. Thus, it protected the art from potentially being seized by the investigating parties, because it doesn’t look that great from a PR perspective if the plaintiff takes custody of something that belongs to the children of the person being investigated, since they have little to no involvement in the actions of their parent(s).
that's why they cry when some random dude manage to convince them they're a half famous artist and their art is worth $10000 even though the buyer sees what they pay for
@Cryptos Rus What's your offer?
@@BillionaireBoyRubix it's a scam
@@hxyzazolchak I know, I didn't fall for it. I thought people had better things to do...
This video isn’t just fine art, it’s about evading my responsibility
Taxes is what we paid to live in a society.
@@undeadblizzard except there is no other choice. So it's more extortion than anything.
@@crescentprincekronos2518 Taxes isn't extortion. The Government needs money to function since with we live in a Capitalist System currently. They need money to make sure your money from losing its' value. Otherwise what is to stop others from taking your money ? Not all of us can afford Private Security.
Taxes it used to paid for services we take for granted like the Fire Department, Public Schools, Libraries, The Postal Service, Research and Development, Roads and Infrastructure. Instead of the U.S.A bombing innocent brown people we could use taxes for Universal Healthcare, Student Loan Forgiveness, Ending homelessness, making sure basic needs are meet.
If you worked every single day, making $5000/day, from the time Columbus sailed to America, to the time you are reading this tweet, you would still not be a billionaire, and you would still have less money than Jeff Bezos makes in a week. No one works for a billion dollars.
@@undeadblizzard I believe the word you're looking for is aren't since we MUST pay multiple taxes. I didn't even need a tax payer funded school to realize that.
@@undeadblizzard valuable resources are money, not paper so they can't lose value. Guess what, guns are affordable, so I can defend my land, if need be, innovate and make radar guided turrets. Government workers leach off of the citizens with ever increasing goodies, like unfunded pensions, medical, the works. Guess what, we can't vote for them not to take more from us.
There are no longer art. In the part yes, the artists were able to produce nice pieces, and even when you don't understand them, like with Dali, you can see there was talent involved and can see there is something there.
Nowadays only a dozen of real artists keep doing art, everybody else is just pretending. They are just trying to look knowledgeable and edgy, but fact they are untalented and unable to produce art. There are more art in street artists than in the so called contemporary art.
One time I saw in a museum a totally black paint, with the saying "this is too deep for you to understand" and other so-called art was a piece of wood with black and white stripes, nothing else..... all of these is just money laundering, not art.
"this is too deep for you to understand".
sounds rather like a Meta-commentary, if you ask me.
Dude for real... this channel is on par with the best investigative journalism and topics chosen to investigate I’ve seen in a long ass time. Unbefuckinglievable, albeit super depressing.
Hey Jake, Love the content. This topic has always been one that I have been curious about.
It would be interesting to see a deep dive into the business of selling to public education. It feels as though a lot of the products they sell to schools are just "good enough" and there is no incentive to continue to improve the products they sell.
Antique firearms can also be in the world of fine arts depending on who you talk to. And some of those antique firearms can cost just as much as those fine art paintings.
Forget the $1,000 giveaway, we want a Jack Tran artwork!
NFTs on sale.
Heck yeah
@Cryptos Rus What's your offer?
Jake Tran putting the "art is subjective" crowd in their place. Really undercuts modern art as a whole.
no
I mean, it still is though. Just because there is fraud in art doesn’t discredit it as a whole.
everyone's gansta till the freeport catches fire
Or someone rams and airplane into it
First time NSA lady stalking my phone and I are not an hour late to Jake Tran vid.
Your videos should be part of curriculum!!!
Also, please make a video regarding CPEC.
VIDEO IDEA: "Why are we always in Deficit"... I have been studying this subject for quite a while and if you are able to find it, you will believe that this might be the viral video you are asking.... I am able to share with you my thoughts on that..... Thank you for the amazing work that you have been doing!!
Yes yes I would love that
The reason this relates mostly to Modern art is because that is the art available at auction. Almost all of the work by the Masters, Renaissance, Classical etc is unavailable as it is in public collections.
Video Idea: “How China Plans to defeat the US Navy” in the video, you could talk about the 9-dash line, 1st and 2nd Island chain strategy, Taiwan, closing sea lines of communication (SLOC) into the South China Sea, hypersonic anti ship weapons development, South China Sea islands, anti satellite missiles, fiscal currency reserves, debt trap ports becoming naval bases in the Indian Ocean, etc.
Love your vids man, keep them up!
Most interesting one I’ve seen you make in a while. Not that the others aren’t amazing but I never have thought about why art is so much and this business of it. BRILLIANT!
If a wealth tax ever gets introduced we'll definitely see an explosion in the fine art and overall antiques and collectibles industry
Not really... not all fine art is a sure fire investment and holds its value or is even set to increase its value. most of it is just cultural capital and rich dick comparing contests. and even if something does have value finding a buyer is a whole other story
A wealth tax would tax any investment, otherwise it is worthless, so the logic would inverse, it is better for collectors to have art appraised as low as possible.
Yo you killed the editing at 4:48🔥
i like that he speaks fast. i dont even need to speed up the video. It's fast, short, and full of great information
Hitting the algorithm be like: Fine arts for everyone!
Come on Jake, I know you want to make a video about me, you're just scared, aren't you?
Howdy
@@K_ingh16 And a good evening to you sir.
Hey I thought you were dead 😆
You did not commit suicide
@@avairal5936 You're right, I committed *assisted* suicide.
Video idea: the upcoming industry of space with respect to travel, mining, interplanetary industries.
Title: the space industry, a 4th industrial revolution or just a bubble to burst
Everybody wins!
*Disclaimer!*
"Only rich important people win. You probably lose when your schools and hospitals get underfunded."
Taxes don't even go to schools and hospitals they go to Lockheed Martin and other defense contactors.
Believe it or not, even in the US, most taxes are used for the public good. And when there's abuse, a functioning democracy will root it out. And well, the US's democracy might be cancerous, but it's not dead yet. Your cynicism might be warranted but it's not helpful.
And believe it or not, some of us don't live in the US, yet our rich and our corporations still do the same crippling tax shenanigans, because they can and it's profitable for them to do so. In a way, they're the leeches, they're the ones who profit from your tax money without contributing their own.
🤣
glad people are starting to agree about this.
I'm guessing " the shady bunch" forms the majority of fine art investors *surprise*
Well, this was what I always suspected but never looked into
Your channel have taught me so much. Thank you very much, I have managed to grow and make changes that servers my business and now I am becoming profitable.
Soon he's gonna teach us how to avoid taxes by living on a Swiss Mars colony
It doesn't make sense to me to avoid a 37mil bill by Giving Away a 50mil object. If the idea was to save yourself cash, it's better to pay the bill; it's cheaper than what you gave away. If govts spent their money better - on the people and their well-being, noone would want to avoid tax.
Soo true i don't live in the US and for the longest time i didn't know why people try to Avoid taxs becuse taxs help the country Until i saw what the american Government spend people's money on, it's like giving a Million dollar to a kid
This is literally how NFT’s work as well if you want a fire video most wouldn’t be making/talking about as of now.
I went to an art museum and in one of the rooms it was just balloons floating to the roof and they called it art...
xD
"Artistses."
"Welff."
Great coverage, though.
Jake Tran: I'm not a billionaire.
IRS: I'm not buying that!
"Ah, fine art. Excellent for money laundering."
Fine art is a tiny industry in spite of what some people think are outrageous prices for paintings they think are overpriced.
only on TH-cam can learning about tax evasion be considered educational! love it
Here is a video idea: How to become financially free, passive incomes and all that jazz, yet not grow your appetite for things that only feed your ego. Let's take it a step further, since I know just like myself a lot of people are in debt, no mater the earning bracket, what are realistic ways of saving up, without diminishing the quality of your life, but once you are debt free and have all this time for more creative endevours, how to resist the urge to become a wealth hoarder. I want to be financially independent, but I don't want to not be able to resist my obssesive nature of once on the right track and every month I am actually passively or actively making a little bit more, how to resists the traping that so many people fall into.
It could be a comprehensive video with real life situations. Explaining the basics, how to budget, how much to save, what is a bad loan and what is a good loan.
Maybe I don't want to become an employer, just highly specialized in fields I am interested with, passionete about, creative fields that could make me want to wake up early tomorrow just so that I can continue with my various projects.
Now I understand that these might be some basic concepts, but you would be amazed at how many poeple are completely financially clueless. It might not be the bomb that your regular audiance wants, but in about 30-45 minutes, you could explain to the masses how to become much more the masters of their destiny. The part I am really interested in, even though I started very late and that place is still years away from me is when to know enough is enough. It would need a bit of a click baity title, but not too much. Something like how to become ones own master and make fate your mistress? i am sure you could think of a better one.
i do not have ambition to become a millionaire let alone a billionaire, and I am actually questioning if they should even exist. But some fundamentals from debt, to a place of freedom would be greatly apprecieted.
Hey jake, you could make a video about how Hungary and Poland have been undermining the European Union by breaking their rules and preventing a unanimous decision to kick either country out of the EU. Could be interesting to phrase it as a “how to break an international organisation”.
Fuck the EU globalist scumbags, nationalism will rise
@@mercedesbenzdelos90s cringe
@@blank4844 nah
@@blank4844 Why? So you want them to have no sovereignty over their own and not to mention, be controlled by others over their economies?
@@ophanimangel3143 of course not
Oh, now it makes sense, i allways wondered why these art pieces were so expensive. It's actually impressive how billionares put more effort into laundering their money than these "artists" put into their work
i start watching billions thanks to this channel... worth it
Revenue on selling portraits is taxed. The point is to launder illegal revenues, and pay taxes on it to avoid the IRS. It is the exact opposite of avoiding taxes.
how to be a dictator in a democracy
I'm starting to like fine art now.
I once saw a picture at an art museum before a scary creature devoured me, it is called "4 PIXELS! "
I checked out the exhibit, it's so cool. For some reason though, the entire museum had been evacuated by men in combat gear and I think I can hear someone screaming in the distance...
As an artist, this is something worth watching.
An Artistist
That $100M is likely taxed as capital gains at 20%
Idea: the rise of economics videos on TH-cam and the profit that comes from mining their viewership lol
How has Jake not get nabbed by every three letter agency out there
The second a banana with duck tape went for more than million dollars, I knew art work was a scam.
Wait.....WHAT
I like how Jake went back to his format from a couple years ago.
Yo I remember asking you to do a video on this a while back so glad you did
A video about how companies can blackmail smaller states to pass legislation they want. Example:MLB and Atlanta. I feel like you'd get some badass information in that if you haven't already.
You gotta love ultra capitalists criticizing the "free market" the second it doesn't work in their favor but let a socialist make any criticism of Capitalism and we get compared to Stalin or Mao. Don't worry, the free market is gonna sort itself out, you don't even have to complain
@@morenitomoreno1282 nah socialism still makes 0 sense. As long as people are willing to exploit government then government altogether will have defects. Socialism just ensures the government has all the purchasing power, and therefore it can/generally is corrupted very quickly.
Jack The Cripper but explain to me why are ultra capitalists bitching about the free market right now when they've telling me all my life how wonderful it is and called me a "commie" for mild criticism of the system? Can you make it make sense for me?
@@morenitomoreno1282 easy, its better than communism.
Jack The Cripper lol makes no sense. Based on the conservative argument I've heard all my live, the mere far you're criticizing corporations right now is communism
The business of consulting. That would be interesting 🤔
“Yeah, I make modern art.”
Me: damn, you must be great scammer
What I don't understand is that if all these shady tactics are so common knowledge that a youtuber can make videos about it, then why aren't there more laws to stop this?
Because the ppl who make the laws employ these tactics to stay in power.