Very good points as always with Thomas Sowell’s work. I am a millionaire and I legally pay less tax than anybody making 90% less than I make. This is just the reality of what people with money do. The best part about making your own wealth is keeping it.
Do the math: divide the price of Barry's mansion by his annual salary and just marvel at the result!!! Insider trading? I think not. Look for another explanation...😮
Hint: Barry would have had to be in office for 25 years and save every penny of his salary to pull off that purchase. Did his "sugar daddy" help out?? You decide...😢
The average worker does not create jobs. Wealthy people and corporations create jobs. If their taxes are high, they are disensentivised to do so and simply hide their wealth. The real tax on lower income workers is inflation, which is a byproduct of government spending.
How USA their tax rate 27% and health care insurance 10% and collage tution fees and more! Sweden and our Finland our tax 42% of GDP! All countries spend 40-42 % of GDP to health care Collages schools defence and so on! USA supreme ruled health care insurance is tax! Why healthty people should pay sick people ilness and drugs medicines! Sowell wants lowering minimun wage! We here in Finland have strongest workers Unions in the world! My brother simple park ranger have 38 days paid summer vacation holiday! Saturdays are not counted! 6 weeks vacation! Awful Sowell! Milton Friedman and Sowell their favourite country was very poor Chile! Now very poor Chile is only 64th richest country in the world! Russia their milatary budjet 72 billion dollars! USA military budjet is 900 billion dollars! Russia have only 3% of world total military budjet!
@9:40 My first thought: I would've thought that "money is options" is a better way of saying it than "money is power". My second thought: "Actually, those are more or less the same thing..."
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
@@ugochihelen6910 Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Who are these millionaires? I am retired. I never made $100,000 a year until I cashed in my unused vacation when I retired. I have paid off my mortgage and put the maximum into my 401k. Between the increase in property values and my 401k I am a millionaire. I have never paid the highest tax rate.
thanks...enjoyable...think of a sale on products at a store or online...i believe they take in more revenue than otherwise...costco is the champ at selling you at low price for sales volume...cut rate use to be the same as sale now..
True. DO NOT say everyone The knowledgeable read Obamas history. His dad was a Moslem who hated the USA. His mentors were anti Americans. Obama was the ultimate con man. The naive gullible uniformed bought his bull.
✅Exclusive VIP Content on Telegram: t.me/thomassowellreacts 🛒🎁Grab awesome merch from our shop➡ intellectuals.myspreadshop.com ❤Support our work and more on Patreon: www.patreon.com/intellectualsinsight ✅Subscribe for More: ruclips.net/channel/UCCzfZZntu-REuF8SSJ3Fi_Q
Thomas aBkack person against another black persons . Here Sowell fails . You could have done better Bkacks must help blacks then you demand help from others.
Very good points as always with Thomas Sowell’s work. I am a millionaire and I legally pay less tax than anybody making 90% less than I make. This is just the reality of what people with money do. The best part about making your own wealth is keeping it.
Dr Thomas Sowell beliefs must be taught in our schools and Congress. He is an economist and historian.
Agree 💯
Yes, but the pushback from the education unions would never allow that much truth be in the curriculum.
One would have thought that for someone who made 150,000$ a year. His 30,000,000$ million dollar mansion would have been a dead giveaway.
Bingo
Do the math: divide the price of Barry's mansion by his annual salary and just marvel at the result!!! Insider trading? I think not. Look for another explanation...😮
Hint: Barry would have had to be in office for 25 years and save every penny of his salary to pull off that purchase. Did his "sugar daddy" help out?? You decide...😢
@ I’d actually rather not lol But since you brought it up. Now I can’t get the imagery out of my head!
The average worker does not create jobs.
Wealthy people and corporations create jobs. If their taxes are high, they are disensentivised to do so and simply hide their wealth.
The real tax on lower income workers is inflation, which is a byproduct of government spending.
Fire up the printing presses and produce more of those greenbacks! Hopeless.
How USA their tax rate 27% and health care insurance 10% and collage tution fees and more! Sweden and our Finland our tax 42% of GDP! All countries spend 40-42 % of GDP to health care Collages schools defence and so on! USA supreme ruled health care insurance is tax! Why healthty people should pay sick people ilness and drugs medicines! Sowell wants lowering minimun wage! We here in Finland have strongest workers Unions in the world! My brother simple park ranger have 38 days paid summer vacation holiday! Saturdays are not counted! 6 weeks vacation! Awful Sowell! Milton Friedman and Sowell their favourite country was very poor Chile! Now very poor Chile is only 64th richest country in the world! Russia their milatary budjet 72 billion dollars! USA military budjet is 900 billion dollars! Russia have only 3% of world total military budjet!
Civics with current events information. Thanks for sharing.🇺🇸
The Laffer curve.
Thank you Thomas. How can we get more people to hear you?
Can Candice Owens please interview Thomas Sowel as a matter of urgency!
@9:40 My first thought: I would've thought that "money is options" is a better way of saying it than "money is power".
My second thought: "Actually, those are more or less the same thing..."
The rich will simply leave and go to a place where their money will work for them.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis
The Rich Get Richer by Trading, While the Poor Rely on 9-to-5 Jobs and Government Promises"
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
@@ugochihelen6910
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
@@AbelM.QuiñonesThings you can invest In
Real estate
Stock Crypto
Bonds
Bitcoin
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Who are these millionaires? I am retired. I never made $100,000 a year until I cashed in my unused vacation when I retired. I have paid off my mortgage and put the maximum into my 401k. Between the increase in property values and my 401k I am a millionaire.
I have never paid the highest tax rate.
thanks...enjoyable...think of a sale on products at a store or online...i believe they take in more revenue than otherwise...costco is the champ at selling you at low price for sales volume...cut rate use to be the same as sale now..
Everyone? That ahlsose never deceived me about anything. I knew the guy was a snake right from the start.
True. DO NOT say everyone
The knowledgeable read Obamas history. His dad was a Moslem who hated the USA. His mentors were anti Americans.
Obama was the ultimate con man. The naive gullible uniformed bought his bull.
✅Exclusive VIP Content on Telegram: t.me/thomassowellreacts
🛒🎁Grab awesome merch from our shop➡ intellectuals.myspreadshop.com
❤Support our work and more on Patreon: www.patreon.com/intellectualsinsight
✅Subscribe for More: ruclips.net/channel/UCCzfZZntu-REuF8SSJ3Fi_Q
Thomas aBkack person against another black persons . Here Sowell fails . You could have done better Bkacks must help blacks then you demand help from others.
Obama will tax the rich ...
Why would a rich person tax himself LOL.
Normally this guy just had dumb takes but now he has to lie. Generated more tax revenue, ha.
TRUTH 💯