We Found The Most Shocking Billionaire Interview
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- เผยแพร่เมื่อ 3 พ.ค. 2024
- Jeff Yass is a mega-billionaire who does not believe in income inequality.
He thinks he shouldn't have to pay taxes because we're nearly at the point where, “everybody [in America] has all the stuff they need... No one’s hungry, no one’s cold."
He's the largest election donor in 2024.
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To think that 100k is what he considers 'poor'. He is so blind that he can't even *see* poverty existing.
Right? " No one's hungry, no one's cold" what an ass hat
Its one banana. how much could it cost, $10?
100k is barely scrapping by for a two parents, two young growing children family, pre-savings-for-college-fund, household living in a big city like San Francisco.
100k is poor is you e paid attention to inflation over 100 years
Ignorant comment just like the rest of this comment section too accustomed to living at home to have a grasp of the real world
The fact that he can donate millions to a political party to change laws so that he has the advantage in the game of life is a good argument against his theory that billionaires live the same way the middle class does
Both sides do it. Why is it only an issue when it’s the side you don’t support? Grow up and get some life experience lol
@@logangardiner7574 lmao our "side" is the workers, not dem/repub. Those are the same party. There is no worker's Party or communist party to represent the people in the body politic.
@@logangardiner7574 You're comparing _one person_ to a whole large group of organized people. That's a difference. If people have to organize by the millions to have even a fraction of the leverage he does simply by tossing a portion of his giant gold heap the way of a politician, then there is no freaking way you can call those two things the same or in any way comparable.
It's actually really strange. Normally those billionaries donate millions to both sides and take advantage no matter which side wins.
Of course they still screw everyone else either way.
@@logangardiner7574False equivalency.
One single person working the median wage would have to work for hundreds of years to make as much as Most billionaires.
There is no fair comparison at all. There is no “both sides” do it that is comparable here
"No ones hungry, no ones cold, everyone has basic health insurance"... Literally none of that is reflected by reality. Millions skip meals, millions are homeless and millions have medical debt that is bankrupting them. And this is ever growing in number.
I was homeless for nearly five years because the government didn't do anything to help me. I went hungry everyday, lost so much weight i was unrecognizable. When i finally gained weight it was because i was eating dollar tree food...
I can’t qualify for Medicaid. I can’t afford health insurance. I guess that doesn’t happen in his silly world of his.
Hope you’re doing better, and hope one day we can end the rule of greedy people to stop that from happening to anyone else
So, you were healthier when you were poor? Now you are obese?
Yeah, but none of them are Billionaires, so they don't count.
@@day8409 In his silly world, people who work at McDonalds are either making $100k, or paying 1950's prices for literally everything. It's totally detached from reality.
I have no problem at all with a public school teacher making 117,000 a year. They deserve every penny and are the back bone of our future
As a public school teacher in a state with no union, I would like to make 117,000 a year. That's nearly double what I make now before taxes and 'benefits'.
Did you ever see the Key and Peele sketch about the Teacher’s draft? That’s how we should run society - instead of paying athletes millions for moving balls around, we should be making sure those who do the incredibly important job of educating the new generations live comfortably and have all the resources and supplies they need.
Pinko@@yellowblanka6058
117k for teachers lmao sure lets pay these glorified babysitters 100k+ that makes sense.
@@andrewberdahl9922POS. They're raising our kids for the future. Education is extremely important. You show the failure of the education system right now which is pathetic.
Hes a sociopath
Routine for a (finance) CEO
and a greedy parasite
More likely a psychopath as they are more likely to be successful-wealthy, sociopaths more likely to end in jail.
And also Yiddish kopf.
What makes him a sociopath? Because he is rich? Or just because you’re pointing fingers at him and calling him a bad word?
I went through a college libertarian / Ayn Rand phase where I believed that billionaires deserved their wealth by making goods and services that made the world better. I grew out of that when I realized that Billionaire's like Jeff Yass don't actually make the world a better place, they make wealth by gambling on the rest of the economy
welcome back to the resistance
I mean, the market is a gamble place for people to bet that someone will pay a higher price for the product they bought... BTW money is debt with the interest you can never pay back since it wasn't created yet until someone make more loan so you can pay it back with the person's fresh loan, check that out and we must have a better way.
...and usually by screwing people over.
Rand predicted this. You didn't read enough to understand her philosophy. You also maybe didn't watch the Donohue interviews. She would call the super rich "looters." And actually, at the end of Atlas Shrugged, the people who produce moved to the mountains and used their skills to create an invisible community lmao! But anyways, using Rand to justify and support the unproductive rich who are financially r a p I n g us is absurd if you've read her work. Not that she's perfect and a god, but this she can't blamed for.
@@Natty183As someone who was also a Randian, you are a joke and so is her philosophy. I was pushed to read her works before I had taken an intro to philosophy. Good riddance.
Most billionaires are pretty awful but he's so despicable even they think he's awful.
Jeff, the type of dude to never have worked a real job, got lucky then making it hard for everyone else
How the hell does a rich gamble effect your wages? For every one of him their are 10000 dirt poor gamblers. Ever hear of the lotto? I seriously have no idea what unions stand for anymore. Are you saying Gambling is bad? Getting rich is Bad?
@@akbarshoedbuying political influence is bad, dimwit, because it makes _your_ vote even more worthless than your lack of imagination and deliberate ignorance.
@@akbarshoedDid you not watch the video at all? Why are you down here? Your question was answered in it. They spent like 8 minutes on it.
@@akbarshoed watch the video dude. If you didn't understand it, watch again.
@@DarkFlamesDarkness Just ignore the willfully ignorant, they will never learn.
Over 80% of Americans make less than $100,000 per year; 37% of US households make $100,000 combined household income.
12% of US working people make less than $15,000 per year, or, below the poverty level--- which is set too low, considering the cost of living.
In some more expensive jurisdictions, a family of three is eligible for food stamps at $48,000.
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki
That guy is a psycho, good quote though.
I totally agree. I put $250k into stocks with my advisor, and now I've made over $4 million in profits. I used the profits to buy properties, and they're bringing in great income. It just shows how important it is to invest in things that grow over time. It's like I'm living out the lessons right from the start of his book- Guide to investing
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest, but as a beginner, I don't know my way around the market.
She is well known as - Chasity George Charles. please do your own research.
What are examples of liabilities that “they think are assets”?
Yeah, when one can buy a cop, a judge, a senator, or a President, any claims to being "regular folks" can safely be dismissed as an idiotic utterance.
Wow that guy is the definition of out of touch...
you know whats worse, poor people acting the same way.
@@IsaLang That was the dumbest thing I have ever seen someone say.... lol Don't breed.
"No one is hungry or cold."
Umm... Homelessness is at its highest rate since the great depression. I see homeless everywhere now in places where I didn't used to see them.
Billionares gambling on trades that directly affect peoples livlihoods and moralizing the social decay as a good thing is just peak libertarianism.
Peak lolbert
You’ve got no idea what you’re talking about. Do a little research before spouting off
I'm a military spouse to a career service member. He is on year 16 outta 20. Our income is about 50k a year, gross not net. His retirement is funded by a portion of his income being differed, about 5k a year, knocks us down to 45k. Taxes range from 800$ to 1200$ annually, and our return is usually 600$ or less.
We live paycheck to paycheck, and are forced to move every 3 years, cutting off friendships and support networks. We've had to break rental agreements because a debt spiral began where we were broke after every rent payment, and had to be ordered to live on base to break the lease and not get fined 3x our monthly rent. We've gone hungry. We've spent nights without heat. We've had to sit down and carefully decide what order and dates to pay bills on so we can still get groceries.
Technically we have healthcare, but dental is not included for enlisted folks- you gotta pay an annual fee to activate the dental plan and there's substantial copay and limits that make it barely any help at all.
If someone gives their whole ass life to the state, they should be living easier than the do nothing executive class.
been there, did it for 4 years then left ASAP. Never would have stayed in that hell
Don’t forget how they doubled most of the co-pays for family members medical.
I’m a careerist as well. Unfortunately…we were sold a lie. We were traded “honor”…not financial security.
He'll find out when the poor literally start eating the rich.
Once ikea comes out with a flat pack guillotine I'm in lol
We should bring back the conservative tradition of tar and feathering.
Unlikely to happen. Hunger, greed (Despite truck commercials and Country songs, largely billionaires own our water and farms. And, those that aren't ultra-rich, historically hate anyone who isn't a farmer. Hell, until a recent outcry, they were selling tracts next to our military bases, even water, to China and Saudi Arabia.) Hero, demi-god worship (Some people's homes resemble shrines to Steve Jobs.) And, the millions of former soldiers working at Walmart? He could have his own fiefdom, and Army for cheap.
@@TheHamishX 💯
My food stamps got cut off cause I made over $1504 for the month. Meanwhile, all my bills are 1 month behind, I paid my rent 3 weeks late. But yeah, everyone is living the same as a billionaire.
Make this illegal so people can't hoard all the wealth and control the market. He basically is the market.
Too late. The ability to do so passed a long time ago….we elected Reagan and it’s been downhill since.
Wrong. Ignorant comment that zero research was involved in. How about know what you’re talking about before spouting nonsense
@@Coopogers I'll let you in on a little secret, it wouldn't have made a difference if Reagan lost the election, everything was going to happen the same way...
This guy is the dictionary definition of the word "dirtbag"
No one is cold or hungry in America? Take all his money, throw him in prison and give the money to help the homeless.
He should have to switch lives with a homeless person. See if he feels the same way.
@@TheOG-GG Awesome!🤣🤣
😁😁😁
Lol doesn't that undermine democracy how about audit his taxes and investigate him from fraud put him in jail and use some of the fines for social welfare programs... Oh wait he's a rich political donator
@@TheOG-GG Saw a story yesterday about some millionaire cosplaying as a homeless person to see if he could make $1 million in a year. He wound up losing a lot of weight and aquired health problems and had to quit. Rich people are absolutely clueless.
That dude is so disconnected from reality it is insane.
Most billionaires are actually. And you would be too honestly…most humans, given that much power, tend to have a predetermined propensity that’s further exacerbated once they come into power. They start to see people as monopoly pieces to be moved places they deem necessary in order to serve their own money-making agendas. End scene.
Bro I think you’re disconnected from reality to actually go through the mental gymnastics to convince rich people are somehow bad but not out of jealousy
15 seconds in, and I just know this guy couldn't survive even against a tabe of middle schoolers. He gives off "getting shoved in a locker" vibes
Nice power fantasy you cooked up in your brain why not just tell everyone you’re a jealous person who has a misguided hate for the rich founded in jealousy
I mean the drive has to come from somewhere. We still have only figured out how to deal with low status bullying, the same theories and practices do not apply to high status bullying.
Yeah, and you union reps will do the shoving. That a way tough guy. Perfect union rep.
Some of these billionaires have serial killers mentality
Some do, just like how any slice of the population have serial killers. Just because this guy is rich doesn’t make him evil lol you’re just jealous because you have no money
He described people making $100,000 as the "poor" people.
yeah he clearly has 0 idea what the actual median american is
thats legit how rich people feel. thats why they say "communism will make EVERYONE POOR". what they mean by poor is "not having the ability to cause severe harm to large amounts of the human species with impunity" ... doesnt actually mean "someone who barely survives because no employer pays more than 1/10 the cost of being alive for any amount of any level of skill of work"
Sometimes I think I would watch a reality TV show where the super rich have to live and work as a 25K a year grunt for say 6 months and feed themselves, would be an entertaining watch.
Yeah they are he is a billionaire.
100,000 vs xxx,000,000,000. $100,000 gets you homeless in several cities in America.
@@kimyoonmisurnamefirst7061yes!!!!
Jail. put him in jail.
Right to jail.
Put you in jail, what have you done for anyone
@waxyrewards ignorant ass mfers in this comment section lashing out at rich people because…. They’re rich and that’s heckin evil!!!
For what exactly?
for what? Being good at math.
People wouldn't donate money to campaigns if it didn't have an influence over the results. But they do, therefore it does. Which means our country is not a democracy, it is not controlled by democracy, it is controlled by money.
Called an oligopoly
Yup. Those with the money, control the elections.
No one should be able to donate to any person or campaign. Everyone should be given the same amount to run. If they run out, so be it.
@@TheOG-GG I agree with this. Let's see what they all can do with the same resources, instead of who will "owe" their success to financial backers who may not have the citizens best interests in mind.
I feel like this is what rich white people always wanted and racism played right into their hands. And the white population forced the vast majority of the black population to be poor. Wither by withholding opportunity....or burning their houses to the ground. Now all of that evil is coming back to bite everyone. Lol.
I've heard of a lot of shady billionaires. This guy is on a different level.
He only pays 19% in income tax?!?! What?!?!
No stats, but I doubt he really pays that much even.
Oh this again... Let's just speed this up. Does he actually have an income to tax, maybe ask that first 🤦
I keep hearing very well researched, intelligent people say, “I’m not trying to sound like a conspiracy theorist” a lot lately. Y’all need to stop saying that. IT IS A CONSPIRACY. Call it what IT IS. They are CONSPIRING against us, for their gain!!
All workers should eat from dumpster…..
So Jeff can vacation in space
Nononono, eating from the dumpster takes away from the bottom line. All that refuse goes into a compactor and the poor must suck it up and eat in the employee cafeteria, benefitting the company.
Will never not laugh when someone says with a straight face, in a highly serious context, "YAAAAAAASSSSS."
He acts like a pissed off neighbor in an HOA.
Completely ignoring the people doing 2 or 3 temp jobs with no benefits to barely survive, and all of the bankruptcy other than rich scammers like Trump.
Odd how “trader” and “traitor” sound so similar
Semantic slight of hand...
@@stickynorthor semitic?
When people hear Sociopath or Psychopath...they usually imagine a killer or murderer but in reality that percentage is extremely small, the reality is that the vast....VAST majority of sociopaths or psychopaths are in the business world as CEOs and Managers, as police officers, as politicians. They have no empathy, no shame, no guilt. They believe they are the best at everything and the smartest in the world.
Rich people seriously seem to lose touch with reality. 🍽️
we should pay teachers more not less
Amen
Sure when they start actually doing their jobs. I've seen the product they are creating and I want to send it back...
@@chronometer9931 shame on you for comparing children to a product. That says more about you than the children (OR the teachers) you are judging
Note that for him the people making $100k are "the poor". This is because the ones making less than that aren't people to him.
Oof! That is a painful truth.
those poor people making only 100k a year are the true 1%... of what he makes a year.
@@aceous99 He makes way more than 10M a year though
Too many ignorant people commenting. Making less than 100k makes you poor. I make 40k a year and I’m living paycheque to paycheque. If I made double my money I would then have just enough to save and maybe buy a house. Too many children commenting with zero life experience talking out their asses lol
@@logangardiner7574 Agreed. I think people are missing the point he was trying to make. He was comparing the day to day life of a billionaire as not all that different from someone “relatively” poor in comparison at $100,000 in income. I could be wrong but I think that’s what he meant and I feel he is somewhat correct in that.
How come this guy is able to just walk around in the society the he's screwing over?
Simple. Live in a gated community. And make your contributions to the Annual Police Scholarship Fund.
Remember what he looks like and apply for concealed carry
For example, if you watch conservative videos, there's many people who believe all rich people earned their money and the honest way without them showing evidence. They like to use rich people as "examples of hard work". Plus, cause they think this generation is lazy. They also protect rich people, businesses, or corporations cause they want to be rich one day.
There's people who seem to worship Trump or Elon too much.
But then conservatives complain a lot about corporations and businesses if they do what they dislike or are "woke".
Anti-sjws and conservatives accused people of affirmative action without evidence but not to some rich people who just got wealth from not merit but inheritance or exploitation. One example, 100s of racist comments were sent to the African female actress who played a villain in Obi Wan. They accused her of being a diversity hire and a loser who couldn't earn her job, and without evidence.
@@user-gu9yq5sj7cremember most small businesses are conservative owned and operated and are the same people more often than not, dictating poor wages.
We can't hold him accountable because he has a militarized police force to protect his property.
These types see homeless people who they made by raising rent as less than human
Im a dude who makes 35k a year and I see homeless people as less than human lol at least I hold a job down and pay rent unlike those lazy layabouts asking others for their hard earned money lol
@@logangardiner7574 Some don't even ask for money (the good ones). The smart ones hang around shelters, soup kitchens, food pantries, & sometimes even employment assistance offices & libraries.
Ever heard of "Housing First" initiatives?
>Reality check.< Employers screen out the homeless & jobless. They prefer already housed, already employed people who are hopping jobs. How do you expect them to jump that hurdle of discrimination? Doesn't matter if it's illegal. Employers give other "reasons" to cover it up. They >lie.
@@logangardiner7574 ur literally one or two pay checks from being that guy ur looking down on instead of stepping over the mountains of people who are like u I. Hopes of being one of the lucky few who make it work to make it so everyone u ur family ur community all have access to a decent floor from witch to build upon
@@logangardiner7574 There's homeless people who do have a job but are still homeless. You seeing some people or struggling people as subhuman is evil. Some homeless people are disabled and struggle. You don't know all their cases. You're hypocritical cause you complain about struggling and want help. We all do.
Picking up cans doesn’t count as a job
Maybe it's time to tax all stock income the same, regardless if it's short term gain or long term? Who knows, maybe it'd become an incentive to make companies grow a bit slower but healthier in the long run. Instead of going and exploding like a firework -_-
Good point ,,,yet retirement plans & municipal bonds are also invested☮️thanks
He's like..life is as it should be as long as it is in my favor. He wants to have his cake and eat it too and eat everybody else's cake if he so chooses.
I often argue that we should direct our anger towards companies instead of rich people but I got to be honest.. I was genuinely screaming F*** *** listening to this guy.
Still true though - all those companies that have anything to do with funding politics are the ones that need to be boycotted.
This channel is really just calling it out I love it
The only path to being a billionaire is on the backs of other people that worked harder than you.
Now I see why the tax code is so complicated. It's not so much to save "you" money. It's to "save" THEM money.
He only bets with OTHER PEOPLES' money I'm "betting" that half billion he lost during the crash wasn't his
$100,000 a year is poor people to this guy. While it's not even middle class anymore, thats crazy.
Lets call it what it is, bribery, not donations
That's what special interests is and this is one of the few countries where it's legal. We'd ban it, but that would mean we actually have the power to do that.
Disgusting billionaires.
You want to be that wealthy fine that's the system we've built
But don't try to pretend like you're a good guy, like what you're doing helps anyone but yourself.
They bleed like everyone else. Remember that.
adding the song from the final scene in oceans 11 was a nice touch. this is highway robbery at level 9999
"no one's hungry and no one's cold." - man who has no clue wtf he's talking about
He is a billionaire. He has to be smart right?
@@TheJesselopez1981
They collectively seem to be pretty dense.
@@grmpEqweer It's because they are psychopaths. They literally cannot feel compassion for others.
"Nearly 28 million adults nationwide - 12.5% of the adult population were living in homes where there was either sometimes or often not enough to eat in the last week." - according to the Oct, 2023 Census Bureau's Household Pulse Survey data.
99.9% is more realistic
Just one more billionaire to put on the menu.
If the US enforced the constitution properly, billionaires would never exist.
Lol, you ain’t doing shit ever and you know it
Jeff Yass should live every moment of his life in fear
Dude is literally the type of person that would be on the board of Vault-Tec.
Threatening someone’s life in a TH-cam comment section is insane.
A friend of mine, Max Robespierre, was just telling me about this guy the other day.
@@epikgamer4462 Eh, I don’t see intent in their comment, more along the lines of “eat the rich”, but figuratively. A lot of ultra-wealthy tend to think they are legally invincible, as society/corruption has allowed them to amass absurd amounts of power.
@@epikgamer4462 No gambling with people's lives is insane.
Modern day equivalent of "Let them eat cakes", only difference instead of guillotined, he's given tax breaks.
The stock market was designed to crowd fund new ideas and companies with the ability to create new services and products that benefit the community. Now it has been turned into a hub for gambling. The fact that you can buy and sell in the same day is crazy. There's no investment.
He’s right, there is no difference between somebody making $100,000 and a billionaire. I also donate millions of dollars to political campaigns., At least in my mind.
Damn…l really do live in a sithole country. No one is hungry and cold in America. 🥺😭
I'm hungry he's wrong
He’s out of touch with his fellow citizens. He hasn’t struggled in so long, assuming he ever did, he’s disconnected from the harsh living conditions everyday Americans experience daily. I’ve met many wealthy people in my time, and they state similar things as this man. If he spent some time with the downtrodden, his attitude *may* change.
Don't assume his motivations are due to him being out of touch. It's more likely that he's a con man.
"No one's hungry or cold" *hitch gestures to West Oakland, CA*
@@473mec yeah he's giving Wolf of Wall Street energy
@@lowwastehighmelaninUnfortunately 😭😭
@@473mec Yeah🤬🤬
Hold up...did that guy just say that someone making 100k a year is poor?
he's never heard of a smaller number
They are in California 😂
In the US it's barely comfortable
If I were raking in 100k a year, I would probably take less anxiety meds.
I'd not worry about ending up under a freeway bridge.
IIRC, the median national wage is 42k a year, so 100k is far better than most get.
People making 100k pay more of their earnings to taxes than the guy making 40k. So while more helps, it’s not as big of a difference as it may seem
I'M OLD but not an unenlightened boomer. Gen X. 🎉😊 So glad you guys are here - "More Perfect Union" indeed.
Educating me and my adult kids about the BS we don’t hear about in mainstream media.
Thank you. Shared, subscribed, and thumbs up 👍 excellent reporting.
I mean, that is kinda brilliant to exploit the difference in taxes between long and short term capital gains and losses. They should definitely close that loophole.
despite his name being yass, he is not slaying.
But he is
Literally poor people, who he's indirectly stealing from
0:37 I, Mr. Yass, am hungry as hell rn but food costs spare finances that most people don't readily have access to. Someone's hungry. Someone's cold. I'm fortunate enough to be warm; I can get food but not all are so fortunate. What an uncommonly unaware individual.
100k a year is literally paycheck to paycheck on the west and eat coasts .
Don't live in the major cities on the coasts. The first way to save money is to not give it to a bank or landlord just to make a fashion statement or have a "crib".
@@starventureI live in rural Washington state, homes where I am are 400k+ and usually require a lot of work since the community has not had a boom in 40 years. It is not just the cities, it hasn’t been just the cities for a long time.
@@andi_88859 $100k per year is not paycheck-to-paycheck in rural Washington state, not even close. You seem pretty out of touch with what people in California and New York metropolitan areas have to deal with. Many of them would do anything for a $400k house.
A family of three making almost $50K is eligible Food Stamps in NYC.
One wonder why he doesn't simply change places with some working stiff in New York City making $100K a year (given NYC rents and other cost of living) for the rest of his life. Since they're both the same.
Honestly billionaires should be required by law to live for a year without their assets.
They are the new monarchs. A lot of people have moaned about, Capitalism. But, forget or just don't know what came before. It's only been about a hundred years (WW1) since Royalty really ruled most of the planet. Even though we never had 'em here, they idea of 'special' types of people has always been here. (George Washington for example wanted but was denied a fancy shmancy Royal Military Commission, from the British). The idea of special classes of people is still here. Capitalism/Democracy is just barely keeping them from being real, royalty. Our most rotten politicians today aren't only about the benjamins. Many genuinely believe, the masses of people have their 'place.' And, rich and Ultra Rich people, have theirs.
"No ones hungry, no one's cold"
_eyes growing homeless population_
Yup, guess they have everything they need.
Even tho he has enough money to provide housing for a good chunk of people who need it and still have enough to live comfortably for the rest of his life billionaires show us the parasitism and empty consumption and gross profiteering this system facilitates and incentivizes
it's been a while since I've internally screamed from second hand embarrassment like this, this dude can't be serious
It's easy to pretend that isn't happening when you can own a walled off mansion in the countryside so you don't have to look at them.
Right😭😭@@patricklippert8345
They're no such thing as a good billionaire, period. And there's hardly ever anything like a billionaire with a tenth of a clue how real people live.
"We both work in the blood diamond industry. We're the same!"... Wait, was that Ghislaine Maxwell on that motorcycle with him?
🛎 ding ding ding!
No Chislane maxwell was the sidekick of mega Democrat donor, the most famous pedo ever, Jeffrey Epstein.
I still oppose the TikTok ban 100%, but Yaas still another terrible billionaire and proof that we need to improve funding for the IRS and close tax loopholes.
Yes! We need to fund the organizations that monitor keeping people accountable who can't seem to behave well through integrity.
If there was a flat tax loopholes wouldn't exist.
@@seriouslyshortofnormal925 nice try , Libertarian.
@@Mikewee777
What does that even mean?
I simply stated a fact.
Nah, ban it. Probably about as harmful as hard drugs if not as immediate. Think the only people that want it are addicts.
Can you guys do a video about all the Indeed and LinkedIn ghost jobs postings?
Most "financial educators" will fight you tooth and nail if you make the *CORRECT* connection between trading in the stock markets and gambling.
This is no surprise to me but I grew up around unions and joined one this is what these people always done you should watch pbs documentary the gilded Age
We can’t get back there fast enough.
19%? Wasn't the tax rate on the rich around 70% during the 'golden age' of the 50s/60s?
It was. And then Reagan happened.
Now the gov only taxes INCOME tax - which means you have to have a job to get taxed. If you simply own things like businesses you're business gets taxed at a far cheaper rate. Then, you don't get taxed because it's not 'earned' income.
Stuff like this makes people want to turn into the Joker.
How about get a job instead instead of lashing out at people with more money than you. You know what these people do that you don’t? Work their whole lives lol get a job kid maybe get some life experience too while you’re at it
@@logangardiner7574 That's a lot of unprovable accusations & claims with excessive emotion.
*_>Try again.
@davidlong2338 nah, as a poker player I’m very in tune with reading people and inferring things based on imperfect information.
@@logangardiner7574 The only conclusion I can make from that is you agree with the investment fund manager who sits on his ass crunching numbers. If even that.
*_You're a sycophantic troll._* YEET
@@logangardiner7574 You really are not.
If that were true then he could just donate all but 100k of his wealth. He makes more than 100k in a yearly salary, right? His quality of life won't change much. What's the harm in paying your fair share of taxes, if all that additional income doesn't really change much anyway?
"For a wealthy person, losses are incredibly valuable. Losses are something you can use to offset gains into much more lucrative gains that are taxed at a lower rate." So much for the "efficiency of the markets." LOL Hopefully, more reports such as these will break folks from Friedman's spell.
SOLUTION: the CAPITALIST WORKERS PARTY if you have a job you're already a member!
The poor (I.e. making under $100,000) must UNITE! Forget liberal and conservative; Forget race and nationality. You are all in the same big SUCKER boat. Your interests are ALL THE SAME! Your solution is obvious: UNITE and vote in your own Cap Worker REPRESENTATIVES! OR you can just keep being separate boneheads.
Solution: if you are poor actually go make some money and start a company to help other?? How about that communist.
Agreed.
@@Waxyrewards Does public school teach business acumen? If not. Then where should he go? What should he do? Will it require a loan?
If he's poor where will he get the money from to start said business? Will it require a loan?
@@Waxyrewardsbootlickerrrr
Been tried dozens of times here. Some have the Old Word's and the Third World's, tribalism ingrained. Chinese Americans, especially older generations, and much of the newest, monied generation, detest select Asian groups. Then there's the bible belt and souths' especially, not unique, issue with Blacks, Hispanics, Asians, etc. And, oh god. Cubans and Mexicans. Mexicans and Central Americans! Until, along comes a politician who can really make us see, American, and not the tribes we inherited from The Old World and The Third World. Good. Luck.
8:10 That's one of the many reasons why all capital gains should be taxed at the same rate.
Along with the fact that short-term trading makes markets more efficient.
It's the have-nots vs the have yachts.
in between the have-littles demonizing the have-nots
The can’t haves vs have lots
A millionaire could falsely believe he's safe. A Depression, Black Friday type event always proves that only Ultra Rich, are safe. A millionaire, rich to me, is the new, upper middle class.
This guys right across the river from me and I never heard of him. Thanks for the research this is all good to know.
Side note his firms in Bala Cynwyd so he doesn’t have to pay city tax but he clearly throws around the guy from Philly act what a chode
wow I can't believe a person said all of those things out loud into a microphone as if everything he said wasn't easily proven false.
a just tax code would make it where multi-billionaires don't exist
And funding the IRS to go after the big tax evaders (instead of small fry because its easier) is actually a good investment, brings back significantly more money than is spent dollar-for-dollar.
Ok but why should people be punished for succeeding. What have you done to even create one job??
It's not that people should be punished for succeeding. It's that they should be punished for HOW they get their money. Like the heads of the Market Makers who have an unfair advantage of information and controls. Or how Private Equity firms destroys industries and jobs to make short term profit. Also, no billionaire actually "worked" to get billion, and it usually means they are paying their employees less (wage theft). The stock market created a toxic mindset for unlimited growth. This causes big corporations that have reached saturation points to find unethical ways to cut costs and report higher earnings. This leads to poor treatment of workers, pollution, monopolies, deteriorating of service/product.
@@jrho8033 who’s to say what’s right and wrong. Remember these companies exist because people benefit from them. You are using a phone or computer made by a 3rd world slave right now. Should you be punished? Should Apple be shut down? Our system requires winners and losers. It’s that simple. Your either a name on a spreadsheet or a name on an investor letter.
@@WaxyrewardsWas the Sherman Act that was used to break up monopolies punishing success or was it necessary to save the economy from monopolies???
I'm enjoying all the different ways the auto-generated captions can mis-write 'Yass'. I've seen 'Yes' 'Yeah' 'Youse' 'Use' and 'Yep' and I have no idea how it got that last one.
At the end, he says "the only difference between rich and poor is that rich people have jobs they like, and poor people have jobs they don't like." That's a little true, but he leaves out the part that the rich people with the jobs they like are making the other jobs worse and worse for the poor. And maybe they even enjoy making it worse for poor people.
Less than 200 likes as of now? So scary
I appreciate how you tied the Ocean's 11 references in throughout the video to emphasis the reach of the heist.😎
It always irks me when someone whose so rich that they'll literally never worry about bills getting paid or someone in their family going without. Irks me a lot. These people have absolutely no clue what the average American goes through weekly. 100k (snort), good thing they didn't go for the bulk of American's, 'cause 'most' of us don't come close to 100k. Ever.
“When you’re rich, they think you really know!”
-Fiddler on the Roof
I'd like to see you look into the rise (and fall) of charter schools / school voucher programs.
If it's true that billionaires live the same as middle class folks then they should have no reason to argue against us taking their wealth back and distributing it. If we all live the same, then let's get rid of money already.
They explain it poorly here but for those that are interested in how the tax trick works.
If you make 100$ in short term capital gains you pay 40% so you get to keep 60$.
But if you just buy 2 products with opposite properties (i.e. a put and a call on the same stock) at the end of the year you will always have an asset that lost X$ and the opposite that gained X$.
Lets say X = 100, so you sell the loosing asset and now have -100$ and you sell the other one at a 100$ profit a day later.
Now you have 100$ + (-100$) = 0$ in short term gains. This means you pay 0$ tax. Additionally you have 100$ in long term gains, so you pay 20% and you get to keep 80$.
This essentially let's you keep an additional 20$ with no risk.
It is technically illegal to do this but Yass has enough companies to spread this around and move funds between them to launder it. So one company looses money and the other gains money so no single entity owns both assets.
Hey babe, new evil person dropped.
exactly!
As long as he is conservative. I don't care. sounds like you are jealous.
Why is he evil?
@@CombatMedic1O Conservative = Evil
@@CombatMedic1O Not everybody wants to be a trillionaire, not everybody thinks our economic system is already a full meritocracy, and not everybody thinks an anything-goes high finance sector is a good thing.
There should be a law that a CEO and/or Corporation cannot contribute more money to Political Campaigns than they pay their lowest paid employee.
VOTE BLUE
Or pay in taxes
Im for publicly funded campaigns and banning all money contributions in elections. If you want to help a candidate, phone bank or knock on doors.
umm no. the whole two-party thing is an aipac funded reality show. a socialist r3v0luti0n is the only s0luti0n.
@@sfkhome1... whichever is less.
"It's a banana. How much could it cost? Ten dollars?"
No one is hungry, no one is cold, everyone has all the stuff they need what the actual fuck am I hearing 😂😂🤢🤮
Dude. I can't afford Netflix. The absolute lack of understanding, istg
"The 1% are powerful, when the 99% are *organized* and *prepared* to fight they are way more powerful" ~ Bernie Sanders.
*ORGANIZE, UNIONIZE. SOCIALIZE*
Yesss😁😁😁
This explains everything about the market place, and how it is robbing people of the fruits of their labor. well done perfect union.
Big shocker. Someone making hundreds of millions a year and never have been without money, telling everyone else not making hundreds of millions a year that “we’re in the same boat.”
Your boat a super luxury yacht with golden parachute. Everyone else is in a leaky dingy with a battleship anchor deployed trying to get to shore.