If you're wondering why he gets a loan even though he has a high networth/assets worth billions. It's because loans are not taxed it. It's better to take a loan and use his assets as collateral than sell his assets and gets heavily taxed.
This might be a silly question but since he’s taking out a loan or borrowing the money he would still have to repay that money and if he only has 43k liquid wouldn’t he still have to end up selling assets to repay?
rich get to use all the assets in the world. For they don't have to pay taxes. Welcome to a world created by elites for elites. O I meant by the people for the people. If you an elite people. The rest are just their robots.
Movie name: Loki opens a bank account Edit: The number of people saying: "That's not even close to loki?" That's the whole point of the joke. It just went over your head.
@@NuckChorisWhile I agree with you too,you should also have to read this to read your comment to read his comment every day for the rest of your life.
@@SocksInAHat Wow, I typed in "wecrash" to google and immediately answered the question... crazy how much more you typed to reply than to actually find out the answer y ourself.
@@rytisseskevicius8732 Right I dont get why his bank account was even considered, wealthy people will keep their money working so your net worth isn't about what's in your bank account it's about how much your asset's are worth. Banks will just loan money using his assets worth just like you can get a loan based on your houses worth.
You take 100 million $ of loan/credit in bank, using your stocks as collateral. Then you pay monthly installments that are covered by your yearly dividend from stocks, and you newer ever pay any tax on all this. Your stocks are still worth millions, and probably going up every year. Easy mode how rich people do not pay any or almost any tax, while rest of poor people are taxed almost 50% (in EU for example)
Where do I go so I don't have to pay tax on stock dividends and my stocks go up every year? Or should I just read, Alice In Wonderland? You obviously don't have money, Pollyanna.
@@zks2341 Not if you just keep getting larger loans. let's say every 3 to 5 years. You just get your CPA to do it for you so you are not even bothered by it.
I know right. I saw him in that Denzel movie on Netflix and I was like wait is that him and then I was like oh nah it’s not him but googled the cast and it was him.
He made so much money the boss gave him another 50 million with only 43 thousand dollars in his account. The boss knew 2 things 1 the interest will be so great he can retire next week and 2 I need to be his personal banker before anybody try to get him.
@@vividsftw67a better way to explain it. Apple is worth trillions as a company. Imagine the CEO has 10,000 in his bank (and 100% shares). His problem is accessing the trillions by selling Apple. Because how do you sell a trillion dollar company when the richest person is in the billions. So he seeks a loan, and because he is technically worth trillions, he can get as much as he wants because he technically can pay the bank back by just giving the bank the company.
@@user-nj1ob8ht3pit’s only sad when you realize no one has time or the money to spend in the bank all day if you don’t own a business. Half the day the lobby is empty
1. Take a loan, put business shares as collateral. 2. Neither loans nor shares can be taxed. 3. Take a bigger loan to relieve the previous debt. 4. Repeat step 3 indefinitely.
@@zachary7309 in theory, in practice that only happens if you're stuck at a bad point in the cycle, there's a solid likelihood that you have that loan money or at least a portion still sitting, It's at least as likely that you have all of it as it is that you have none
@@dillonbooker7222 That's how the banking industry works for the ultra rich, they just keep taking out loans and making the minimum interest payments on them.
It'd be great trivia if it hadn't been repeated every day since the 2010's.... Up next in IamVerySmart: Did you know that a signle factory can sell the same product under many different competing brands??????!!!!
It's intentional... Why? Simple... Loans created more money out of thin air, money created growth, growth gave prosperity. Taxes only create more government spending.
This reminds me of one of my dad's stories, not on the same level, but... He was the VP for finance (that's a 'CFO' nowadays) at a chain of very high end jewelry stores, and his office was in their flagship store. Once, the sales manager came to him and said a new customer wanted to buy a $100,000 ring on credit, and the manager didn't know what to do (this was early 80's, so like $350k+ in 2024 dollars.) So my dad stepped onto the sales floor, and as soon as he sees the guy, he instantly said- 'Give him whatever he wants!' It was Bob Dylan. (Who had a show in town that weekend.)😮😅
Lmfao, that's not a CFO now days, you can (as the fortune 50 company I work for) have a VP for finance along with a CFO, shit we have an associate VP, VP, Senior VP, associate exexutive president, executive president, and senior executive president before our CFO. The c-level or chief executives (officers) are just the highest executives in a C or S corporation
@@j.ballsdeep420 yeah that wasn't really the point of the post, but.. In that company the VP for finance position is now called CFO... So it IS CFO nowdays. Jackass.
@@DH-1992 We know this. But I'm saying that IN THIS PARTICULAR SCENE... He looks like a mix of those quoted actors... Not just himself. Understand now?
@@joebradbury8874 We know this is Jared Letto and of course jared is going to look like jared. But I'm saying that IN THIS PARTICULAR SCENE... He looks like a mix of those quoted actors... Not just himself. Understand now?
This is literally how the rich deal with money. Technically, they’re poor personally because they lock up all their assets in their businesses, property, stocks, etc., and just take out loans using these as collateral. Then they take out more loans to pay the previous ones. This is because loans aren’t taxed, so they save a ton of money by doing it this way. It’s crazy that it actually works, but it’s how they stay rich and keep most of the money they would lose to taxes
It's also beneficial because that money can then be reinvested in the company to expand it creating more jobs and value. If it went towards taxes it would be pissed up a wall and sent to Ukraine to fund a proxy war.
But when people pay their credit cards with other credit cards people call them financially illiterate. They're not illiterate they're just asset-poor. If they had the assets it would make perfect sense.
He's not quite as strong as dear old dad but he's a damn fine actor. George C Scott of course being one of the greatest in history it's not a fair comparison.
Fun fact. Jeff bezos does this. He spends all his money for work stuff, takes out a loan and then when its time to pay up he takes out a bigger bank loan. Money earned is tax write off Money taken out for a loan is non taxable. 0 taxes paid
@@nitschke30first of all, they were talking about the loans and secondly he's paid only a meagre few billion over his lifetime for taxes. A few years, he has paid none at all. The highest is around 972 million. All of this info was found on yahoo finance
Shows you how you dont even need money to be rich. You just need people to think you’re rich. Then you have the banks. They are not thinking of how you’re gonna pay it back. They’re thinking how much i can claim from the insurance.
Bro looks like Jared Leto, Jim Carrey, and Loki going through puberty.
but he is jared leto. show is called WeCrashed, based on WeWork.
@@ke11even_officialwhy his nose different?
@@ke11even_official jared with AI on the face
nah he looks more like jared leto, linus tech tips, loki, and tommy wiseau lmfao
Asmongold that finally started spending his money
"Make me liquid, Jamie" killed me.
Bro started blushing
Sounds like something Joe Rogan would say
Jamie Dimon: the beginning of
Rip
Reminded me of "OH hi there, Mark" from the room
They cut these scenes so perfectly you don’t even realize they’ve cut out 5 mins of context.
Same goes with the finished movies. Most have hours worth of cut content
@@jeremiahwelborn5526he means context for the scene not the whole movie
@KaseKills I got that lmao, thanks for the clarification I didn't need. I was obviously referring to how much context is cut out of movies
who give a fuck right ?@@jeremiahwelborn5526
@@KaseKillshe legit started his reply acknowledging he understood💀💀💀💀💀💀💀 wtf ru on
Loki: I will put Asgard as a collateral
Topkek
😂😂😂 on point!
I was thinking it was Dracula too.😄
Nah. That asset is too high. He put Mjolnir as collateral.
😂😂
If you're wondering why he gets a loan even though he has a high networth/assets worth billions. It's because loans are not taxed it. It's better to take a loan and use his assets as collateral than sell his assets and gets heavily taxed.
This might be a silly question but since he’s taking out a loan or borrowing the money he would still have to repay that money and if he only has 43k liquid wouldn’t he still have to end up selling assets to repay?
@@CorBor69Good question.
@@CorBor69My guess is he still maintains enough income to pay off the new debt in installments, without needing to sell any existing assets
@@CorBor69 Assets that the rich hold only grow bigger. You take new loans to repay the old ones
😅 hopefully.@@freestyle0x56D
Loki : into the riches
Edit : wow I’m famous 😎
😒
exactly bro looks like loki
First thing I was thinking 😂😂
Walmart Loki
@@GG-pf5nxthat's perfect! Even better than saying Dollar store Loki! 😂good one man!
Adam: Make me liquid 💧
Tyla: Make me Water 💦
Bruce Lee: Be water my friend 🌊
I thought the same thing when I seen this
Underrated AF
😂😂😂😂😂
Hondo: Stay liquid 🚰
Avatar: Way of the water🌊
"Go to the bank and show them you have money ,,,they will lend you money" noted 😅
rich get to use all the assets in the world. For they don't have to pay taxes. Welcome to a world created by elites for elites. O I meant by the people for the people. If you an elite people. The rest are just their robots.
Well yeah, can't let poor people start a business, they might raise their class status
That’s not what happened. 40k in the bank isn’t much at all. That’s why he said to google him..
@@allibababooor fail because poor people are horrible with money 😂
@@theshowhost7253bad take
Movie name: Loki opens a bank account
Edit: The number of people saying: "That's not even close to loki?" That's the whole point of the joke. It just went over your head.
Which alternative universe is this tho?
@@epicmonster9499 the one where hes rich
lmao 🤣
this made me laugh so hard
Fake
I love when he said "google me, dont be shy"
"Gue gil mi, dough b shy"
He’s hot💖
Woah it says morbius 😮
GAy
"googel"
Whoever put the music in the background should have to listen to it for the rest of their lives
While I agree with you.. you should have to read this comment every day for the rest of your life.
@@NuckChorisWhile I agree with you too,you should also have to read this to read your comment to read his comment every day for the rest of your life.
All while listening to the music in the background LOL!!!
I think I'll end this. None of us care.
@@Sabhsai You all cared for a moment.
For anyone wondering what’s the movie/showed called it’s on Apple TV I don’t really know where else but it’s called “Wecrashed”
thank's
Is it a show or movie. Pretty big difference between the two
Clearly not all heroes wear capes 👍
@@SocksInAHat Wow, I typed in "wecrash" to google and immediately answered the question... crazy how much more you typed to reply than to actually find out the answer y ourself.
@@SocksInAHat literally one google search away lmao
He didn't get a loan. He got a bank.
guess what, that loan is tax free
Credit on asset net worth is just amazing
@@rytisseskevicius8732 Right I dont get why his bank account was even considered, wealthy people will keep their money working so your net worth isn't about what's in your bank account it's about how much your asset's are worth. Banks will just loan money using his assets worth just like you can get a loan based on your houses worth.
The line of credit is also untaxable. So as long as its never payed.. You now never have to pay taxes.@@joaquimmatabelejr3074
💓💓💓💓
Bro looks like loki and morbius combined together
@@Buddha1992what...😱
@@Buddha1992no way that’s Jared Leto that guy is an amazing actor
Its bankin time! 💰
@@byakuranbel6994 he’s perfect as morbius
Lorbius is cursed
Insane how leto can look like himself but completely diff at the same time in all his movies. Not to mention hes quite the man in his band.
You take 100 million $ of loan/credit in bank, using your stocks as collateral. Then you pay monthly installments that are covered by your yearly dividend from stocks, and you newer ever pay any tax on all this.
Your stocks are still worth millions, and probably going up every year.
Easy mode how rich people do not pay any or almost any tax, while rest of poor people are taxed almost 50% (in EU for example)
America too. It is just structured differently
Dividends are taxable. The trick is to get incrementally larger loans.
Where do I go so I don't have to pay tax on stock dividends and my stocks go up every year? Or should I just read, Alice In Wonderland?
You obviously don't have money, Pollyanna.
He still pays more taxes than 99.99999999% of people. The dividends are taxed. Research is your friend.
@@zks2341 Not if you just keep getting larger loans. let's say every 3 to 5 years. You just get your CPA to do it for you so you are not even bothered by it.
Dang Jared Leto looks different
FINALLY somebody realized. And also it’s called prosthetics.
He was amazing in the little things
It’s the eyes, too. The contacts confused me for a second.
I know right. I saw him in that Denzel movie on Netflix and I was like wait is that him and then I was like oh nah it’s not him but googled the cast and it was him.
They made him wear contacts
Show is called "WeCrashed"
Isn’t there a podcast by the same name?
why do I get nervous seeing that title after this short? 😅
why do I get nervous seeing that title after this short? 😅
Is that based on the WeWork company or something?
Yes
dang Jamie Dimon looks a lil different
You know he's not joking when he said: "google me, don't be shy. " 🤣
Clark Kent(Superman): “How did you get the house back from the bank?”
Bruce Wayne(Batman): “I bought the bank!”
Loved this actually
@@DheerajBhaskaruniit's really corny actually. The delivery was not nonchalant enough, he sound too proud of himself.
Step 1: dress like Loki
Step 2: enter a bank
Step 3: enter 5 more banks
@@grinjnbren that's the tone of honest and righteous ppl
This did happen though
He made so much money the boss gave him another 50 million with only 43 thousand dollars in his account. The boss knew 2 things 1 the interest will be so great he can retire next week and 2 I need to be his personal banker before anybody try to get him.
Ty for explaining i was so confused yet intrigued lol
@@vividsftw67a better way to explain it. Apple is worth trillions as a company. Imagine the CEO has 10,000 in his bank (and 100% shares).
His problem is accessing the trillions by selling Apple. Because how do you sell a trillion dollar company when the richest person is in the billions.
So he seeks a loan, and because he is technically worth trillions, he can get as much as he wants because he technically can pay the bank back by just giving the bank the company.
@@jakubcichon2580 today is filled w learning . I appreciate the further explanation!
@@jakubcichon2580 also isnt loan not taxable, so he can evade tax legally
@@railgum7392 income tax, yeah.
"Is okay don be shaiy"
I'd crumble and quit lmao
As a banker this guy playing games before he sits down is super relatable
this is sad, very sad
@@user-nj1ob8ht3pit’s only sad when you realize no one has time or the money to spend in the bank all day if you don’t own a business. Half the day the lobby is empty
Lol I mean what else are you supposed to do to kill time when nobody is there? 😂
hes not professional enough to be playing that game, it should be solitaire or zuma or minesweeper
So sad. Crime on society
"You're already 60% water. How much more liquid do you want to be?"
😂😂😂😂
😂😂😂😂
I like this one.😂
Wasn't 80%?😂
@@blackmatca6277 its like 70
Adam, I would like you to consider me your personal banker. That's a smart move 😂
A man of integrity, Jamie is what we call the goose that lays the golden egg
1. Take a loan, put business shares as collateral.
2. Neither loans nor shares can be taxed.
3. Take a bigger loan to relieve the previous debt.
4. Repeat step 3 indefinitely.
When you die bank takes its shares I guess?
@@zachary7309as would the government yeah
@@zachary7309 in theory, in practice that only happens if you're stuck at a bad point in the cycle, there's a solid likelihood that you have that loan money or at least a portion still sitting, It's at least as likely that you have all of it as it is that you have none
Thats the dumbest comment ive seen today.
@@dillonbooker7222 That's how the banking industry works for the ultra rich, they just keep taking out loans and making the minimum interest payments on them.
So Peter Parker’s dad went into the banking industry after faking his death in a plane crash 😭
Lokis there too💀
@@savy9622
That's not Tom Hiddlestone.
That's Jared Leto...
@@TheCursedCat1927so morbius too.
@@TheCursedCat1927 he looked like loki
😂
Loans aren't taxed. So he'll pay off this one with another. And never pay taxes ever.
What’s this movie called?
This is one way rich people avoid taxes, they get giant loans that they don’t have to pay taxes on instead of selling stocks/assets.
They have to pay back the loan at some point though.... the real trick is they pay off the first loan with another loan and do it until they die
It'd be great trivia if it hadn't been repeated every day since the 2010's....
Up next in IamVerySmart: Did you know that a signle factory can sell the same product under many different competing brands??????!!!!
And in exchange they pay huge interest 😂
@@akimbo5283that’s the thing I always wondered the interest ain’t cheap
It's intentional... Why? Simple... Loans created more money out of thin air, money created growth, growth gave prosperity.
Taxes only create more government spending.
Movie name: WeCrashed (2022)
Thanks
Thanks
Not a movie its a tv series
Long form movie/short tv series
Thank U.
What's the movie's name, please?
Tv show is called WeCrashed
Morbius casually asking Peter Parker’s dad for a loan
“google me” holy shit 😂😂
"Loki...hmm I see here you've destroyed several cities. I live in a city. Your line of credit has been granted."
@@thetazero842 best comment ever
gugel me
@@thetazero842😭😭😭😭
one thing I think I can't say in my life time, feels good though if it happens
This reminds me of one of my dad's stories, not on the same level, but... He was the VP for finance (that's a 'CFO' nowadays) at a chain of very high end jewelry stores, and his office was in their flagship store.
Once, the sales manager came to him and said a new customer wanted to buy a $100,000 ring on credit, and the manager didn't know what to do (this was early 80's, so like $350k+ in 2024 dollars.)
So my dad stepped onto the sales floor, and as soon as he sees the guy, he instantly said- 'Give him whatever he wants!'
It was Bob Dylan. (Who had a show in town that weekend.)😮😅
Woah! Okay- super awesome!
Lmfao, that's not a CFO now days, you can (as the fortune 50 company I work for) have a VP for finance along with a CFO, shit we have an associate VP, VP, Senior VP, associate exexutive president, executive president, and senior executive president before our CFO. The c-level or chief executives (officers) are just the highest executives in a C or S corporation
@@j.ballsdeep420 yeah that wasn't really the point of the post, but.. In that company the VP for finance position is now called CFO...
So it IS CFO nowdays. Jackass.
Tiffany &. Co?
Zales?
It's crazy how he looks like himself and not like himself at the same time. My brain kinda lagging, not gonna lie. 😂😂
Man decided his best course of action is to just audit Odin
If Loki, The Joker & Morbius had a kid.
which joker
You know that actually is Jared letto right?
@@cheese22 Jared Joker XD
You forgot to add Jim Carrey
I like the part where he said "it's loanin' time"
And then he loaned all over the place
Movie name?
Bro looks like a villain ;)
"Make me liquid, Jamie"
-Joe Rogan, probably
“Jamie, pull up the video with the grizzly making liquid”
-Joe Rogan, most likely
No guys, it’s just CGI John Travolta
Dude looks like the Jim Carrey, Jared Leto, Tom Hiddleston fusion
Jared Leto ages in reverse I swear!
My favourite part was when the clerk told him he had only $43,000 in his bank account, so he yelled ‘It’s morbin time!’ And morbed all over the bank.
i farded
He looks like the perfect mix of Jim Carrey and Jared Letto with a sprinkle of Jake Gyllenhaal
It is Jared Leto
Funny how Jared Leto only has a "mix" of Jared Leto looks in him 🤔🤦🏻♂️
He looks like jared leto coz its jared leto
@@DH-1992 We know this. But I'm saying that IN THIS PARTICULAR SCENE... He looks like a mix of those quoted actors... Not just himself. Understand now?
@@joebradbury8874 We know this is Jared Letto and of course jared is going to look like jared. But I'm saying that IN THIS PARTICULAR SCENE... He looks like a mix of those quoted actors... Not just himself. Understand now?
For anyone curious this is a Tv show called "WeCrashed"
I could watch this series again. Brilliant.
That low level banking associate was shitting his pants when he googled him lmao
The clip is from a TV series called WeCrashed
Thank you
sad you have to scroll this long for any credit given. yes thank you
Thank you
Thank you *🙏🙏
This is literally how the rich deal with money. Technically, they’re poor personally because they lock up all their assets in their businesses, property, stocks, etc., and just take out loans using these as collateral. Then they take out more loans to pay the previous ones. This is because loans aren’t taxed, so they save a ton of money by doing it this way. It’s crazy that it actually works, but it’s how they stay rich and keep most of the money they would lose to taxes
So it's sort of a legal loophole
Good,taxation is thief. I just wish common person could pull this
It's also beneficial because that money can then be reinvested in the company to expand it creating more jobs and value. If it went towards taxes it would be pissed up a wall and sent to Ukraine to fund a proxy war.
But when people pay their credit cards with other credit cards people call them financially illiterate.
They're not illiterate they're just asset-poor. If they had the assets it would make perfect sense.
Russian jim carrey makes me wanna cry
Lmao, that banker playing a game is too real
Man can you put the name of the movie or show in your titles?
That would require him to do more than 15 seconds of work straight up stealing others' work and then asking to be paid for it, silly
I know how could you ever expect the RUclipsr to accualy make content?!
It's from a TV series called WeCrashed
@@ianwhite4565 and you helped him get paid by watching and commenting, so get off your high horse.
@@Fredrick046and you're defending theft, so respectfully gfys
Lesson learned i hope. Dont EVER under estimate anyone 💯💯💯💯💯💯
This is wut Jerma does in his free time
"A liitle bit more" than 10k 😂
Jared Leto’s acting is very underrated, even tho he’s had some lackluster roles, he still gives it 100%
Oscar winner bro... guy is a monster...
@@netmanto2he definitely IS a monster that’s for sure…..
You only have to pay $10,000 to have relations with him.
jared leto is a an average actor at best. ANY A lister would have won the academy award for his role in DBC and that is a fact
@@jenericjoe7565 yeah yeah... você que é FODA!
"Google me, don't be shy"
People who have huge amount of money plus confidence!
Good to see Campbell Scott working. He's got a charisma.
Jamie just hit the jackpot 🎉
This is the outcome if Loki and Jim Carrey had a kid.
Good to see Tommy Wiseau’s acting career take off
If you owe the bank 100k, you have a problem; if you owe the bank 100 million, the bank has a problem.
Been a while since I've seen Campbell Scott. Great actor. Never seems like he's acting: he just BECOMES the character! Very under-rated craftsman.
Thanks, I was trying to figure out who that was!😊 Loved his role in The Love Letter ❤❤
He's not quite as strong as dear old dad but he's a damn fine actor. George C Scott of course being one of the greatest in history it's not a fair comparison.
Ah, now I know why I recognize him. Boris from Royal Pains.
And that's how Tommy Wiseau financed the movie "The Room".
Yess!! Tommy Wiseau... He definitely has that vibe... I'm thinking it's Tommy's son.. But he's making better films than his dad 😂
Loki doing side quests in retirement 😂
Hispanic loki isnt real and he cant hurt you
Hispanic loki:
Fun fact. Jeff bezos does this.
He spends all his money for work stuff, takes out a loan and then when its time to pay up he takes out a bigger bank loan.
Money earned is tax write off
Money taken out for a loan is non taxable.
0 taxes paid
False, he still pays billions in federal taxes.
In New York, they would say he defrauded the bank or worse.
@@nitschke30first of all, they were talking about the loans and secondly he's paid only a meagre few billion over his lifetime for taxes. A few years, he has paid none at all. The highest is around 972 million. All of this info was found on yahoo finance
The beginning is usually a scene where a scam starts 😂
And this is how billionaires avoid paying taxes.
Why is he literally Jared Leto and Loki combined into one? It’s actually insane
And then he can just buy the bank
gonna need more than that to buy a bank that can offer 100mil as credit..lol
No ones gonna talk about how the banker was playing games 💀
I work in retail banking and can confirm it’s just like this.
Name of the movie / show?
Wecrashed
Money talks❤😂
Loki fulfilling the glorious purpose.
Please can I get the title of this movie?
Lol wildy.
These guys' sarcasm is second to none 😂
And that is why that man holds that top position.
Money maker
Told my bank teller, "google me." She called the cops
The guy playing Jamie is Campbell Scott he's also in Royal Pains
Jerma asked for the money politely this time.
Nobody told me Linus got a sidekick as an actor!
Loki if he was chill
His looks and mannerism look perfect for a vampire role.
100 million gets the federal limit for certain registrations under management.
movie name?
Loki: Money Stone
@@draytonPW may you stub your toe when its about to get healed always
🤨 That is offensive: you'd think the bank would waive that exploitive $95 annual credit fee.
They told him about it BEFORE they knew who he was!! 🙄
I'd be more like
" the fee is $5 now
and $90 every 3 months starting from the next week"
Man I thought that was Jared Leto's look alike
What movie is this ?
Flash: what’s your superpower?
Loki: I’m rich
That's batman
Bro made the General Manager his personal banker 😂
Who's also a scientist
Movie Please!
Ahhh Switzerland main strategy, but with the biggest criminals earth ever had.
Shows you how you dont even need money to be rich. You just need people to think you’re rich.
Then you have the banks. They are not thinking of how you’re gonna pay it back. They’re thinking how much i can claim from the insurance.