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.
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
@@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
@@logangardiner7574 Exactly how wrong you are was written by Adam Smith in wealth of nations. In 1776. So maybe you should grow up instead, you seem to be several hundred years behind the curve.
Let's see him live off a part time $7.25 an hour job WITHOUT bank rolling side money. Throw him in retail work for 5 years in a large city like New York or Philadelphia, give him 2 weeks and he would cry like a baby. He would also be banned from gambling games like poker as well, just in case he thinks he could get rich on the side.
"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.
And the #1 cause of homelessness in America today is inability to pay exorbitant medical bills, usually because of an unexpected accident or disease, so healthcare costs figure prominently in conversations about poverty.
Homelessness is its own problem and more a result of getting the incentives wrong than an actual shortage of money. California has spent $25 billion or so on the homeless over the last 5 years… And mostly made it worse. Separately, many of the homeless do have mental health issues. Which again, is a different kind of problem.
@@Leto2ndAtreides In systems where people can easily get medication, a lot of “mental health issues” do not lead to homelessness. The issue is the US pipeline. 1. Insurance company screws worker and worker misses medication for 1 day (or more) 1B. Alrernatively, worker fails to get diagnosed or otherwise is untreated. 2. Worker loses job 3. Worker loses insurance because they have no job, cannot afford expensive medication. They no longer get medicine or treatment at all. 4. Worker loses home and is homeless. A lot of the “mental health” homelessness could be easily fixed by having healthcare. Not all of it, but enough that it would significantly reduce homelessness. Other solutions would help too, like paying enough so workers can afford rent.
@@Leto2ndAtreides Wow a whole $5 billion a year? In a state that is itself the 5th largest economy in the world? I bet you think a millionaire is actually rich.
"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...
@@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.
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.
And those of us who are trying to get by on Social Security are bringing in at or less than $15,000 per year, but some of those “good guys” in Congress want to take it away from us completely. But it was my money (and my employer’s) that paid into it. I also feel that, since I’m supposed to sign my SS card, it became a contract with the government who laid out, and promised, my benefits in relation to the money I earned while working.
@@chieftain5571In expensive jurisdictions, a family of three SHOULD be eligible for food stamps at $48,000. A family of three bringing in $48,000 won’t be eating well or living well in the Hamptons, not to mention the cost of the child’s schooling there.
@@kgs2280 the baseline payout from SS for people who were unable to work for part of their lives, who had health issues or who were caregivers, or who couldn't get hired for one reason or another, is around $700/mo. I'm not sure exactly; but it's FAR below poverty. $700 × 12 = $8400; there are a lot more people trying to live on that than most people realize. The so-called Amazon nomads, post-retirement seasonal workers who do grueling warehouse work for Amazon during Christmas shipping season, and live in the desert in their vehicles the rest of the year, are just one exanple. They rely on Amazon, even though they're not really fit for the hours or the strenuous nature of the work, because even living in your car it's hard to get by on $700 a month. And it was even before greedflation.
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.
@@logangardiner7574 If you actually care malnutrition and starvation deaths have actually doubled in the US over the past few years, people do die in America from starvation maybe less than elsewhere but it does exist. Stop living in denial.
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
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.
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.
If he doesn’t see the difference in lifestyle between being a billionaire and earning $100k a year, sounds like he won't mind most of his income being taxed.
@andrej2375 Not everyone's lives revolve around TV or the "digital life". Do you accept there's a difference in lifestyle between working class people and the super rich?
What's the difference with a billionaire and a person making $100K a year. A billionaire has a private jet, does not have to work, can be on vacation for the rest of his life, doesn't need to do any housework or laundry, has a chef, has a gardener, has a driver, has personal security guards, has several homes including vacation homes, ETC.
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.
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.
@@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.
Worker harder is not a great judge of value. I work with plenty of people who I can trust to do their job competently, but they are just following instructions. The person who comes up with the opportunities for improvements and can see the landmines coming up has more value since they can make everyone else more efficient. Both sides are needed though. Unfortunately, the power dynamics are way too out of balance anymore. If the average working person can't housing anymore or health insurance or to raise a family, things are very broken. I'm not talking about the guy in this video though.
Every billionaire requires thousands of poor people (i.e., people who are perpetually economically insecure and are therefore compelled to toil at the worst imaginable jobs). That’s Crony Capitalism 101. And I can prove it all day, every day.
@@geneanthony3421 so hard to imagine. If you spend reasonably, and let someone reputable run your money for you, it would seem almost impossible to lose much of it. Bill Gates makes over 10 million dollars per day according to google. That is not only insane, but again makes it almost impossible to lose money unless you just go around buying space ships and other expensive goodies all day.
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.
Im sorry, but i have little sympathy for those who trust the government to take care of its soldiers after vietnam. Its like expecting a long lucrative career with job security from the Amazon warehouse.
When someone's spewing sheer delusions one after the other ("no one's cold, no one's hungry" etc), I think it's only fair to not give a single fuck about whatever they say.
“Most billionaires are awful” what in the hell are you talking about? Can you say you know enough about enough billionaires to even have a good enough sample size to deduce that or are you just brainwashed and parroting what everyone else is saying to fit I ?
@@logangardiner7574It's self-evident if you know anything about history, from the industrial age onward. Those who tend to possess extreme excess in life (billionares), tend to do so by exploiting a portion of the population, often with little consequence. They lobby, like in the case of Apple trying to make it a crime to repair devices you OWN. They make clearly solipsistic decisions, like the child labor of yesteryear, or the offshore bank account shuffle of today, (child labor still optional.) How about when tobacco companies rallied to try and conjure research proving that cigarettes are "healthy?" Do you think all of these decisions that clearly value profit and personal gain over human and animal life... Just come from executives that are benevolent and conscientious people? Are you stupid?
I worked directly for a billionaire for over 20 years and I can assure you, your worst opinion of them is a compliment in comparison to the reality of who they actually are. Those years spent in the presence of that man literally made me hate money and what having a lot of does to most people. As an old guy who has seen a great amount of life's injustices I believe the one thing we who are not caught up in societies debacle know we have what matters most and those with great financial wealth will never have is people to love and be loved by, in the end that is all that matters. My 8 kids and 17 grandkids remind me of this everyday.
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.
It is mid class in big cities, it is upper middle class/ slightly wealthy in most of the Midwest.. I’m not defending this slime ball but if you can’t get by on 100,000 a year you are an idiot with money and deserve to lose.
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.
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.
If you worked your whole life to make your fortune, regardless of who you are there is no incentive to just give all your money away to everyone, or however your little fantasy goes. Are you a high school kid or something because your comment was pretty moronic
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
What on earth are you talking about lol. Successful people = evil crazy killers. Just because you’re living in grandmas basement doesn’t make rich people with better jobs than you evil that’s just a jealous lash out by you at anyone who has more success in life than you. Why not me syndrome.
My entire life is being wasted thinking I have to gain wealth to survive in this world when people like him already rigged the system in their favor A minority of the population controls the currency of the entire world, I don’t want to participate in their nonsense anymore As long as my basic needs are met, I won’t care about anything else and just be grateful I’m alive and well
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
@@logangardiner7574 It's well studied and well-attested that having wealth reduces your empathy and diminishes your ability to accurately perceive reality. I want people to be prevented from becoming billionaires for their own good. It ruins people.
Why don’t you just mind your own business instead of telling other people how to live their lives or what to do lol. I’m glad the study you didn’t cite whatsoever says the thing you want it to say. Doesn’t change you’re obsessed with someone else’s status and whining about it instead of simply improving your own position in life
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!!
The reason people say that is because conspiracy theories like “a secret government cabal wants to hide the existence of giants in the great pyramids” totally distract from REAL conspiracies and it’s important to make the distinction between the two
Sorry u feel alone in your thinking. What you are saying makes perfect sense and is not a conspiracy theory like flat earthers or anti vaxxers. There are definable groups that commit conspiracy without meetings or agreements, they are the result of money, schools, race, history
is it conspiracy when they post their plans on main? (minor nitpick) like, it’s just open class war it’s not a conspiracy when they tell you, to your face, that they want to fuck you over, that’s called blackmail
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?
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.
Assume you earn 60K a year. To reach just 1 billion dollars you would have to work for 16,666 and 2/3 years nonstop. Wrap your brain around that one! 🤯
"According to the U.S. Bureau of Labor, the average U.S. annual salary in Q4 of 2023 was $59,384" $1,000,000,000 (1 billion) is equal to 16839.55 times the "average US salary". 16,840 years to earn a billion dollars. Wealth inequality. End of conversation.
@@user-cp9yo4jk9b Using a calculator and the average inflation rate in US of 3%, in 16,840 years 1 billion dollars would be worth $0.00000 in today's money.
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.
You can abstract nearly everything to gambling and it’s a dishonest pointed statement to suggest all billionaires do is gamble and provide no value. Wearing a jacket is gambling against there being no rain
@@logangardiner7574how much did the scumbags pay you to spew bullshit in favor of them on every damn comment here? Or are you just that incapable of thinking for yourself?
@@logangardiner7574 Libertarianism is just a stupid idea on its foundation. Its all about creating wealthy individuals, and then it completely ignores that the same individuals who got wealthy off a free market invariably seek to use their wealth to corrupt or monopolize said market. Its literally in EVERY SINGLE industry you look into. Its just so very stupid. For all they claim to understand human drive how does this very basic fact elude them? Simple, if they are billionaires, its to their benefit, so they dont say anything. If a libertarian is not a billionaire, they are a rube. It really is that simple. Every single libertarian who isnt a captain of industry is an idiotic tool being used by those captains of industry to clear a market for them to sieze and monopolize.
Didn’t save him that much if he payed 410M in 2018. Sure it’s a lower % on gains than most people but at the end of the day what helps pay for public services is the absolute value per person (btw the video table labels unrealized gains as income which is quite questionable). On the other hand he doesn’t use public services 1000x more than the average person. In fact probably way less than 1x given he probably goes private for everything and doesn’t receive aid that people in need may receive. Btw not to say you are wrong, rich people have an unfair influence over politics and there have been laws that in practice just favour the rich and nothing else. But I’m tired of all coments being from the same side so here you go.
@@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...
“He basically is the market” god did you even think that through before saying it? Or just thought it sounded cool?? This dude is nowhere close to being “the market” do you have any idea how much money major institutional investors throw around daily?
John Steinbeck wrote: The European poor regard themselves as an oppressed class. The American poor regard themselves as temporarily embarrassed millionnaires.
Adjusted for purchasing power parity (healthcare cost, education cost, etc.), and taxation, Americans have the highest median income in the world. Source: en.wikipedia.org/wiki/Median_income
@@dfdf-rj8jr Interesting factoid, but what's the point? In most other 1st world nations there is no fee-for-service health care, one is insured by the government. I could take a $16,000/year cut in pay if my medical & disability insurance was paid for.
@@dfdf-rj8jr According to world's data, the US has the highest (or 2nd highest) income inequality in the world, even higher than Russia or China which is a perfect example of oligarchy...
@@sixmillionaccountssilenced6721 Are you mentally ill? Income inequality does not matter, Slovenia has less income inequality than Norway and where would you rather live? Sweden has more billionaires per capita than the USA. What matters is how the median person is doing, and the median American has the highest disposable income, adjusted for cost of living, in the world.
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.
People say that billionares are smarter than most folks. They say that out loud. Yet ever time I've heard one speak, it's the stupidest shit anyone could come up with.
Who’s ever said that other than the strawman you made up in your head? CEOs are better than normal people in a lot of measurable metrics, and intelligence might have a correlation to success (lots of studies argue this)
@@logangardiner7574 Im sure the average moron could do a better job than them... if they had lots of money to invest and connections and you know what, even after failling all that got bailouts!...
I am a very small farmer. The market price of wheat during the last 2 months went from $5 per bushel to $4.40 and back to $5. Nothing in the real world supply changed to cause this. It was all commodity "trading".
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.
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.
@@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.
Of course it influences the results. It influences the results by giving people access to more information. If money was removed from politics, the only candidates people would know about are the ones who are already famous.
Video suggestion: debunking common anti union myths, please. My boss keeps saying unions will 'make things worse' and I don't know what to say to disprove my boss. And also, this video is really good. I can't believe rich people think like that, it's disturbing. I can barely afford to live and they think there's no differences.
Who are you trying to convince? the boss? It doesn't give a shit if it's true or not, the boss just knows that with a union, you get more money, it gets less, and it's whims and temper tantrums become less enforceable. It is possible that the powers that be would rather close up shop than let you unionize, but that's an emotional/political decision, not a financial one.
The union issue is so complicated because unions were an incredible advancement to worker rights, and they generally have better benefits and all of that, but they also went through in 1984 level of turning into everything they hate. They are absolute trash institutions. They are literally exactly the same as the business owners. They just wanna get the best for their side. They want to be in control of the most money. There's literally no difference between union organizers and the business owners. The union doesn't give a damn about the company or its viability. They are just trying to get everything they can squeeze out of the other side, and the business owners are exactly the same. I can tell you horror stories about how corrupt and pathetic unions are for ages, but I also recognize that there are certain aspects of them that are super beneficial yet don't rip off the taxpayer, etc. It's a complicated one.
@@jasondashney I don't think it's complicated at all. You're always better off with a union, The fact that they aren't an unadulterated blessing (and are frequently a pain in the ass) just means you're living in the real world.
@@peterrose5373 "You're always better off with a union," This is incorrect. I can give you several examples in my own life of people I know who've left unions because they were disgusted with them. Some people love them, some hate them. To each thier own. I 100% stand behind my point that they have turned into exactly the same thing as the business owners they fight. They are a bloated bureaucracy who have heads who care primarily about their own interests.
That’s what they’re supposed to be. They were never supposed to be better than business owners. They were only ever supposed to fight for their well-being by stepping on someone else’s. The balance of two opposed interests would ideally create a fair distribution.
YASS: It is like playing poker. ME: It is nothing like playing poker, It is having insider information, It is knowing which asset class is next to be artificially inflated then artificially collapsed, It is a Billionaire using his money to buy off my politicians to rig the tax laws and to rig the public school system.
It's absolutely like gambling. You must've missed the part where he talks about the math of gambling and how you have to understand what you're doing inside and out. That's called having more information. That's literally the exact same thing. It's interesting that you would tell a former gambler and current billionaire investor that you know more about both of those subjects than he does.
"Who Wants to Be a Millionaire" but all the contestants are billionaires so it's a threat. The questions are all things a person who works for a living would know.
If all it takes is 100K per year to live in comfort, then he should have no complaint about paying massive taxes. All the rest is unnecessary. Let's not assume he is detached from reality and doesn't know better. More like detached from morality.
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.
Okay RUclips comment filtration system, let me try this a little more subtly. I feel this Jeff Yass fellow should do us all a favor and have a one way visit to the wreckage of the Titanic.
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.
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.
100k isn’t poor but if you’re supporting a family on it you won’t have much left at the end of the month after 1500 mortgage, 2000 in car notes and insurance, 1600 a month in food, 1500 a month in health insurance and another 1000 for all your ancillary services like electricity, phone, internet. Ect. Anyone think any of those estimates are high?
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’m not a financial educator I’m just a guy with common sense and a brain and I’m saying it’s a bit of a stretch of abstract investing in the stock market as gambling. Deciding whether to wear a jacket or not is gambling on if there will be rain, I guess everything’s gambling in your head, or maybe it’s just gambling when it’s the “evil “ billionaire who has more success in life than you. Look within.
@@logangardiner7574 It's only gambling if you're not party to how the game is rigged, which Yass is. He also owns part of the game and controls that. He's set up for success, the majority of the population does not enjoy these advantages.
He thinks $100,000 is low end? My income is less than 15K and every homeless person I know works a job that doesn't pay enough to rent the crappiest apartment in the city where they work. I have housing through the generosity of my family and my income barely covers my food.
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.
Shady? He's an out of touch douche bag, but there's literally nothing shady in this video. Everything he earned was completely on the up and up. He wasn't selling pharmaceutical products that were knowingly, hurting people, or doing anything like that at all. He's just a guy who is good at math and recognizing patterns. Then he made so much money that he's out of touch with reality. Doesn't make him shady though.
"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.
Good job Pennsylvania. This billionaire thinks you all have health insurance and are not at all struggling, and you elected officials who are going to maintain this facade.
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
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.
"A rich man and a poor man live basically the same lives" which is why Yass is obsessed with becoming more and more wealthy right? These free market extremists are so transparent.
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.
@@chronometer9931 The problem is more to do with our education system than individual teachers. And it might help if they didn't have to buy their own supplies and come up with lesson plans and grade assignments in their free time without pay. My mother was a high school math teacher and she was always working on one of those things at home off the clock.
@@Necrapocalypse That guy's just trolling all the positive responses in the comments. Said billionaires shouldn't have to pay any tax because they don't actually have any income on another reply.
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.
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.
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.
The funny thing is it's not technically space. These rich people just go to upper upper orbit - they literally block all of our satellites with their debris and ship because they want to pretend theiy're astronauts. That's literally what children do - they pretend they are astronauts but least they don't fuck everyone else over by doing so.
I long for the day when being obscenely rich will be seen as a plague, a nuisance, a detriment to society and thus become unacceptable. #BringBackPitchforks
@@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.
He's taking some thing that has a tiny shred of reality and stretching it into the absurd. It's true that the pour in America have it better than a king from the middle ages. That King could not imagine dental anesthesia, nor having access to foods from all around the world 24 hours a day in your refrigerator. There are tons of things about modern life that are incredible. And it's also true that the average middle-class person will sit down and watch Netflix at the end of the day just like a billionaire. But he seems to think that's all there is. He has absolutely no concept of lying awake at night because you're genuinely worried about not being able to pay your bills for essential things.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1.25m in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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 -_-
Five topics to fix society via discussion: -Anti-natalism vs Natalism -The 3 basic needs/prenatal needs Three things necessary for human evolution that are provided while in the womb which are; food, shelter and medical care. -Platinum rule Do whatever makes one happier unless it interferes with another persons ability to do the same. -MBTI (research yours and connect with others) -Art (pick one and get better at it!)
Nope. The only difference is that a sociopathic poor person only affects people within walking distance. If the same person was rich, there'll be far more people affected
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.
The difference between us sitting on our iPhones on the shitter is that I’m stressing about how I’m going to be able to afford groceries for my kids next week. I have gone weeks without real food because just to feed my kids is around 250-350 per week. I cannot afford my companies health insurance because the 400 dollars a month will actually break me, glad that until next year my kids are able to get assistance on healthcare. Next year I hope I get a substantial raise or none of us will have coverage and I’ll be paying out of pocket for their medical care. I haven’t upgraded my phone in 4 years (still rocking an 11 pro max)
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.
The stock market doesn’t represent the economy anymore so if the stock price of a company goes down the company is still making the same profits and is still operating. It used to represent the economy but not anymore.
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.
@@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?
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.
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
@@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
@@logangardiner7574 Exactly how wrong you are was written by Adam Smith in wealth of nations. In 1776. So maybe you should grow up instead, you seem to be several hundred years behind the curve.
Dude just essentially said he can live off $100.000. Let's help him with that!
Sounds like a great idea!
Stop being broke then instead of yapping communist comments
Let's see him live off a part time $7.25 an hour job WITHOUT bank rolling side money. Throw him in retail work for 5 years in a large city like New York or Philadelphia, give him 2 weeks and he would cry like a baby. He would also be banned from gambling games like poker as well, just in case he thinks he could get rich on the side.
dont check early life of jeff yass
How much could a banana cost, Michael? $100,000?
"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.
And the #1 cause of homelessness in America today is inability to pay exorbitant medical bills, usually because of an unexpected accident or disease, so healthcare costs figure prominently in conversations about poverty.
Homelessness is its own problem and more a result of getting the incentives wrong than an actual shortage of money.
California has spent $25 billion or so on the homeless over the last 5 years… And mostly made it worse.
Separately, many of the homeless do have mental health issues. Which again, is a different kind of problem.
I guess we all can eat ramen
@@Leto2ndAtreides
In systems where people can easily get medication, a lot of “mental health issues” do not lead to homelessness. The issue is the US pipeline.
1. Insurance company screws worker and worker misses medication for 1 day (or more)
1B. Alrernatively, worker fails to get diagnosed or otherwise is untreated.
2. Worker loses job
3. Worker loses insurance because they have no job, cannot afford expensive medication. They no longer get medicine or treatment at all.
4. Worker loses home and is homeless.
A lot of the “mental health” homelessness could be easily fixed by having healthcare. Not all of it, but enough that it would significantly reduce homelessness.
Other solutions would help too, like paying enough so workers can afford rent.
@@Leto2ndAtreides Wow a whole $5 billion a year? In a state that is itself the 5th largest economy in the world?
I bet you think a millionaire is actually rich.
"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 like the way the billionaire‘s example of a poor person is “some guy who earns $100,000 a year”.
Which most people don't make
@@elizabethb3436 The median family of four in the U.S. has nowhere near that income.
@ailblentyn yes I know notice I said most don't make...
early life of jeff yass
@@AnonUser6969 lol
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.
And those of us who are trying to get by on Social Security are bringing in at or less than $15,000 per year, but some of those “good guys” in Congress want to take it away from us completely. But it was my money (and my employer’s) that paid into it. I also feel that, since I’m supposed to sign my SS card, it became a contract with the government who laid out, and promised, my benefits in relation to the money I earned while working.
@@chieftain5571In expensive jurisdictions, a family of three SHOULD be eligible for food stamps at $48,000. A family of three bringing in $48,000 won’t be eating well or living well in the Hamptons, not to mention the cost of the child’s schooling there.
@@kgs2280 the baseline payout from SS for people who were unable to work for part of their lives, who had health issues or who were caregivers, or who couldn't get hired for one reason or another, is around $700/mo. I'm not sure exactly; but it's FAR below poverty. $700 × 12 = $8400; there are a lot more people trying to live on that than most people realize. The so-called Amazon nomads, post-retirement seasonal workers who do grueling warehouse work for Amazon during Christmas shipping season, and live in the desert in their vehicles the rest of the year, are just one exanple. They rely on Amazon, even though they're not really fit for the hours or the strenuous nature of the work, because even living in your car it's hard to get by on $700 a month. And it was even before greedflation.
Social security is a charity. You don't deserve a penny of Social Security. Quit complaining about not recieving enough free stuff.
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.
This entire sentence is cursed 😢
😢
Someone is a bootstrap boy
Gotta pull up them boots
@@logangardiner7574 If you actually care malnutrition and starvation deaths have actually doubled in the US over the past few years, people do die in America from starvation maybe less than elsewhere but it does exist. Stop living in denial.
This guy has serious "It's one banana. How much could it cost? 10 dollars?" energy
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.
If he doesn’t see the difference in lifestyle between being a billionaire and earning $100k a year, sounds like he won't mind most of his income being taxed.
I cannot 👍 this comment hard enough~
Brilliant.
True, but we do all watch the same TV though... With the digital age, everyone is kindof living the same life
@andrej2375 Not everyone's lives revolve around TV or the "digital life". Do you accept there's a difference in lifestyle between working class people and the super rich?
@@blahdelablah yes, their lives are different, but they are more similar now than they have been since we started civilization
What's the difference with a billionaire and a person making $100K a year. A billionaire has a private jet, does not have to work, can be on vacation for the rest of his life, doesn't need to do any housework or laundry, has a chef, has a gardener, has a driver, has personal security guards, has several homes including vacation homes, ETC.
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.
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.
The only path to being a billionaire is on the backs of other people that worked harder than you.
Worker harder is not a great judge of value. I work with plenty of people who I can trust to do their job competently, but they are just following instructions. The person who comes up with the opportunities for improvements and can see the landmines coming up has more value since they can make everyone else more efficient. Both sides are needed though. Unfortunately, the power dynamics are way too out of balance anymore. If the average working person can't housing anymore or health insurance or to raise a family, things are very broken.
I'm not talking about the guy in this video though.
Technically no, more billionaires are born billionaires than earn it. But understand the sentiment
@@crwelch12 most billionaires also don't keep it past 2 generations either.
Every billionaire requires thousands of poor people (i.e., people who are perpetually economically insecure and are therefore compelled to toil at the worst imaginable jobs). That’s Crony Capitalism 101. And I can prove it all day, every day.
@@geneanthony3421 so hard to imagine. If you spend reasonably, and let someone reputable run your money for you, it would seem almost impossible to lose much of it. Bill Gates makes over 10 million dollars per day according to google. That is not only insane, but again makes it almost impossible to lose money unless you just go around buying space ships and other expensive goodies all day.
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.
Im sorry, but i have little sympathy for those who trust the government to take care of its soldiers after vietnam. Its like expecting a long lucrative career with job security from the Amazon warehouse.
@@benjaminhenderson5025 Don't blame the victim more than the victimizer.
When someone's spewing sheer delusions one after the other ("no one's cold, no one's hungry" etc), I think it's only fair to not give a single fuck about whatever they say.
But that's true as far as I know. There almost no cases in US of people dying from hunger
Definitely agree with you. Yass is a delusional fool who's lying to cover up his greed.
Most billionaires are pretty awful but he's so despicable even they think he's awful.
“Most billionaires are awful” what in the hell are you talking about? Can you say you know enough about enough billionaires to even have a good enough sample size to deduce that or are you just brainwashed and parroting what everyone else is saying to fit I ?
@@logangardiner7574 You'll never get a crumb from them no matter how hard you polish those boots with your tongue.
@@logangardiner7574 Do you prefer the taste of light or dark leather?
@@B03Eastwood would america have this wealth without billionaires?
@@logangardiner7574It's self-evident if you know anything about history, from the industrial age onward. Those who tend to possess extreme excess in life (billionares), tend to do so by exploiting a portion of the population, often with little consequence.
They lobby, like in the case of Apple trying to make it a crime to repair devices you OWN.
They make clearly solipsistic decisions, like the child labor of yesteryear, or the offshore bank account shuffle of today, (child labor still optional.)
How about when tobacco companies rallied to try and conjure research proving that cigarettes are "healthy?"
Do you think all of these decisions that clearly value profit and personal gain over human and animal life... Just come from executives that are benevolent and conscientious people? Are you stupid?
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 worked directly for a billionaire for over 20 years and I can assure you, your worst opinion of them is a compliment in comparison to the reality of who they actually are. Those years spent in the presence of that man literally made me hate money and what having a lot of does to most people. As an old guy who has seen a great amount of life's injustices I believe the one thing we who are not caught up in societies debacle know we have what matters most and those with great financial wealth will never have is people to love and be loved by, in the end that is all that matters. My 8 kids and 17 grandkids remind me of this everyday.
Amen
$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.
Hear Hear!
It is mid class in big cities, it is upper middle class/ slightly wealthy in most of the Midwest.. I’m not defending this slime ball but if you can’t get by on 100,000 a year you are an idiot with money and deserve to lose.
Get rid of all lobbying. Lobbying is legit illegal in some countries.
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!!!!
wait, are you trying to tell me that rich people are heavily disconnected from the reality most of us live in?
Noooooo waaaaaaaay!
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.
@@IsaLang libertarianism in a nutshell.
But all the people he talks to ( not yells instruction at ) are making more than that...
He knows. He knows everything. He's just a serial gaslighter. Stop giving these people the benefit of the doubt.
This guy is the dictionary definition of the word "dirtbag"
"Bastard" a la Behind the bastards
More like “shitbag”.
100k is an exorbitant salary, but income inequality doesn't exist
The mental gymnastics are gold-medal worthy
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.
If you worked your whole life to make your fortune, regardless of who you are there is no incentive to just give all your money away to everyone, or however your little fantasy goes. Are you a high school kid or something because your comment was pretty moronic
This is on point. Don't make the claim unless you can back it up, billionaires.
It’s also not an open system. The billions he owns is wealth taken away from the rest of the world.
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
All of them do. Can’t get rich without it
What on earth are you talking about lol. Successful people = evil crazy killers. Just because you’re living in grandmas basement doesn’t make rich people with better jobs than you evil that’s just a jealous lash out by you at anyone who has more success in life than you. Why not me syndrome.
Some????
Most CEOs and Billionaires are certified Sociopaths. It’s almost like a requirement
Billionaires have created their own world and it's so huge we don't even know we're living in a small part of it that they control.
My entire life is being wasted thinking I have to gain wealth to survive in this world when people like him already rigged the system in their favor
A minority of the population controls the currency of the entire world, I don’t want to participate in their nonsense anymore
As long as my basic needs are met, I won’t care about anything else and just be grateful I’m alive and well
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
@@logangardiner7574 It's well studied and well-attested that having wealth reduces your empathy and diminishes your ability to accurately perceive reality.
I want people to be prevented from becoming billionaires for their own good. It ruins people.
He's not the only one. All the billionaires are.
Why don’t you just mind your own business instead of telling other people how to live their lives or what to do lol. I’m glad the study you didn’t cite whatsoever says the thing you want it to say. Doesn’t change you’re obsessed with someone else’s status and whining about it instead of simply improving your own position in life
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!!
💯
No formal conspiracy is necessary where a coincidence of interests exists. That interest being ‘line to go up at our expense’
The reason people say that is because conspiracy theories like “a secret government cabal wants to hide the existence of giants in the great pyramids” totally distract from REAL conspiracies and it’s important to make the distinction between the two
Sorry u feel alone in your thinking. What you are saying makes perfect sense and is not a conspiracy theory like flat earthers or anti vaxxers. There are definable groups that commit conspiracy without meetings or agreements, they are the result of money, schools, race, history
is it conspiracy when they post their plans on main? (minor nitpick)
like, it’s just open class war
it’s not a conspiracy when they tell you, to your face, that they want to fuck you over, that’s called blackmail
By his logic, everyone should make $100k baseline. We shouldn’t accept any job that pays a penny less.
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?
Don't encourage this POS. If he were to donate more he'd just pour it into funding more fascists
Exactly my thought!
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.
Is a Jew what you expect?
Competition is a sin. ~ JD Rockefeller
This is why public education has eroded over the past 50 years.
No one works to become a billionaire., You can make $50k a day for 50 years and not have a billion dollars.
A billion dollars end to end wraps around the earth 4 times
Assume you earn 60K a year. To reach just 1 billion dollars you would have to work for 16,666 and 2/3 years nonstop. Wrap your brain around that one! 🤯
"According to the U.S. Bureau of Labor, the average U.S. annual salary in Q4 of 2023 was $59,384"
$1,000,000,000 (1 billion) is equal to 16839.55 times the "average US salary".
16,840 years to earn a billion dollars. Wealth inequality. End of conversation.
don't forget, by the time you made a billion a billion wouldn't be worth shit because inflation anyway
And remember, ~50% of people (in the US) make less than that
@@user-cp9yo4jk9b Using a calculator and the average inflation rate in US of 3%, in 16,840 years 1 billion dollars would be worth $0.00000 in today's money.
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.
You can abstract nearly everything to gambling and it’s a dishonest pointed statement to suggest all billionaires do is gamble and provide no value.
Wearing a jacket is gambling against there being no rain
@@logangardiner7574how much did the scumbags pay you to spew bullshit in favor of them on every damn comment here? Or are you just that incapable of thinking for yourself?
@@logangardiner7574you're incredibly dense
@@KLondike5 money must come from somewhere.
In the base of macro economics were do you think primary income comes from?????
@@logangardiner7574 Ok, show me a billionaire who does anything useful
“No one’s hungry, no one’s cold”????
He’s either lying, or really unaware
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
@@logangardiner7574
Libertarianism is just a stupid idea on its foundation. Its all about creating wealthy individuals, and then it completely ignores that the same individuals who got wealthy off a free market invariably seek to use their wealth to corrupt or monopolize said market. Its literally in EVERY SINGLE industry you look into.
Its just so very stupid. For all they claim to understand human drive how does this very basic fact elude them? Simple, if they are billionaires, its to their benefit, so they dont say anything. If a libertarian is not a billionaire, they are a rube. It really is that simple. Every single libertarian who isnt a captain of industry is an idiotic tool being used by those captains of industry to clear a market for them to sieze and monopolize.
@@logangardiner7574it’s peak libertarianism
Peak bill maherism. Lol
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.
Hear Hear!
Exactly. The tax code is designed for the wealthy. Period.
Didn’t save him that much if he payed 410M in 2018. Sure it’s a lower % on gains than most people but at the end of the day what helps pay for public services is the absolute value per person (btw the video table labels unrealized gains as income which is quite questionable). On the other hand he doesn’t use public services 1000x more than the average person. In fact probably way less than 1x given he probably goes private for everything and doesn’t receive aid that people in need may receive.
Btw not to say you are wrong, rich people have an unfair influence over politics and there have been laws that in practice just favour the rich and nothing else. But I’m tired of all coments being from the same side so here you go.
Tell me you are an out-of-touch billionaire without telling me you are an out-of-touch 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...
Only by force sadly, they make the laws, so it's almost impossible to do it the "normal way".
“He basically is the market” god did you even think that through before saying it? Or just thought it sounded cool?? This dude is nowhere close to being “the market” do you have any idea how much money major institutional investors throw around daily?
John Steinbeck wrote: The European poor regard themselves as an oppressed class. The American poor regard themselves as temporarily embarrassed millionnaires.
Kurt Vonnegut said the poor in America are the only ones in the world that blame themselves.
Adjusted for purchasing power parity (healthcare cost, education cost, etc.), and taxation, Americans have the highest median income in the world. Source: en.wikipedia.org/wiki/Median_income
@@dfdf-rj8jr Interesting factoid, but what's the point? In most other 1st world nations there is no fee-for-service health care, one is insured by the government. I could take a $16,000/year cut in pay if my medical & disability insurance was paid for.
@@dfdf-rj8jr According to world's data, the US has the highest (or 2nd highest) income inequality in the world, even higher than Russia or China which is a perfect example of oligarchy...
@@sixmillionaccountssilenced6721 Are you mentally ill? Income inequality does not matter, Slovenia has less income inequality than Norway and where would you rather live? Sweden has more billionaires per capita than the USA.
What matters is how the median person is doing, and the median American has the highest disposable income, adjusted for cost of living, in the world.
I'd like to see this guy try to live on what I live on. I'm a public high school teacher. Take home pay is about $2,650 a month.
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.
@@akbarshoed your programmers need to improve your grammer.
@benjaminhenderson5025 the English alphabet is phonetic. If you understand what was written, I was correct. Hope this helps.
People say that billionares are smarter than most folks. They say that out loud. Yet ever time I've heard one speak, it's the stupidest shit anyone could come up with.
Who’s ever said that other than the strawman you made up in your head? CEOs are better than normal people in a lot of measurable metrics, and intelligence might have a correlation to success (lots of studies argue this)
Better than normal people are at allocating money wisely at the very least.
@@logangardiner7574 Im sure the average moron could do a better job than them... if they had lots of money to invest and connections and you know what, even after failling all that got bailouts!...
You can better allocate money when you have a lot of it@@logangardiner7574
Mental obesity, material gluttony, is a physical ailment. Gambling is an addiction.
I am a very small farmer. The market price of wheat during the last 2 months went from $5 per bushel to $4.40 and back to $5. Nothing in the real world supply changed to cause this. It was all commodity "trading".
How often do you sell if I may ask?
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.
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.
Of course it influences the results. It influences the results by giving people access to more information.
If money was removed from politics, the only candidates people would know about are the ones who are already famous.
Video suggestion: debunking common anti union myths, please. My boss keeps saying unions will 'make things worse' and I don't know what to say to disprove my boss.
And also, this video is really good. I can't believe rich people think like that, it's disturbing. I can barely afford to live and they think there's no differences.
Who are you trying to convince? the boss? It doesn't give a shit if it's true or not, the boss just knows that with a union, you get more money, it gets less, and it's whims and temper tantrums become less enforceable. It is possible that the powers that be would rather close up shop than let you unionize, but that's an emotional/political decision, not a financial one.
The union issue is so complicated because unions were an incredible advancement to worker rights, and they generally have better benefits and all of that, but they also went through in 1984 level of turning into everything they hate. They are absolute trash institutions. They are literally exactly the same as the business owners. They just wanna get the best for their side. They want to be in control of the most money. There's literally no difference between union organizers and the business owners. The union doesn't give a damn about the company or its viability. They are just trying to get everything they can squeeze out of the other side, and the business owners are exactly the same. I can tell you horror stories about how corrupt and pathetic unions are for ages, but I also recognize that there are certain aspects of them that are super beneficial yet don't rip off the taxpayer, etc. It's a complicated one.
@@jasondashney I don't think it's complicated at all. You're always better off with a union, The fact that they aren't an unadulterated blessing (and are frequently a pain in the ass) just means you're living in the real world.
@@peterrose5373 "You're always better off with a union,"
This is incorrect. I can give you several examples in my own life of people I know who've left unions because they were disgusted with them. Some people love them, some hate them. To each thier own. I 100% stand behind my point that they have turned into exactly the same thing as the business owners they fight. They are a bloated bureaucracy who have heads who care primarily about their own interests.
That’s what they’re supposed to be. They were never supposed to be better than business owners. They were only ever supposed to fight for their well-being by stepping on someone else’s. The balance of two opposed interests would ideally create a fair distribution.
YASS: It is like playing poker.
ME: It is nothing like playing poker,
It is having insider information,
It is knowing which asset class is next to be
artificially inflated then artificially collapsed,
It is a Billionaire using his money to buy off
my politicians to rig the tax laws and
to rig the public school system.
Why is his name spelled wrong? Doesn't the Y go at the end of his first name?
Please use the more accurate ‘bribe’ instead of using money.
It's absolutely like gambling. You must've missed the part where he talks about the math of gambling and how you have to understand what you're doing inside and out. That's called having more information. That's literally the exact same thing. It's interesting that you would tell a former gambler and current billionaire investor that you know more about both of those subjects than he does.
@@jasondashney except in these cases, it's like the dealer is on the payroll, dealing with a deck rigged in favour of the billionaire..
@@jasondashneyIts like gambeling in the same way tennis is like soccer.
Both use a ball, but thats about where the simmilarities end
"It's a banana. How much could it cost? Ten dollars?"
"Who Wants to Be a Millionaire" but all the contestants are billionaires so it's a threat. The questions are all things a person who works for a living would know.
If all it takes is 100K per year to live in comfort, then he should have no complaint about paying massive taxes. All the rest is unnecessary. Let's not assume he is detached from reality and doesn't know better. More like detached from morality.
No one is hungry, no one is cold, everyone has all the stuff they need what the actual fuck am I hearing 😂😂🤢🤮
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
Okay RUclips comment filtration system, let me try this a little more subtly.
I feel this Jeff Yass fellow should do us all a favor and have a one way visit to the wreckage of the Titanic.
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 💯
That won't happen. They're almost to the point where they could easily put down any rebellion. What do u think the Cop Cities are for?
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.
100k isn’t poor but if you’re supporting a family on it you won’t have much left at the end of the month after 1500 mortgage, 2000 in car notes and insurance, 1600 a month in food, 1500 a month in health insurance and another 1000 for all your ancillary services like electricity, phone, internet. Ect. Anyone think any of those estimates are high?
1600 for food?! The hell are you eating?! A grand for internet, phone and utilities?! Try 500 tops, and thats for the winter with a gas furnace.
He acts like a pissed off neighbor in an HOA.
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.
The unblinking eyes and self-assured voice of a very greedy person.
Gotta wonder what really goes on in their heads...
They must sit up half the night planning out new ways to screw people.
Most "financial educators" will fight you tooth and nail if you make the *CORRECT* connection between trading in the stock markets and gambling.
I’m not a financial educator I’m just a guy with common sense and a brain and I’m saying it’s a bit of a stretch of abstract investing in the stock market as gambling. Deciding whether to wear a jacket or not is gambling on if there will be rain, I guess everything’s gambling in your head, or maybe it’s just gambling when it’s the “evil “ billionaire who has more success in life than you. Look within.
@@logangardiner7574 It's only gambling if you're not party to how the game is rigged, which Yass is. He also owns part of the game and controls that. He's set up for success, the majority of the population does not enjoy these advantages.
@@logangardiner7574 That is the worst comparison I have ever heard. It sure sounded well in your head.
He thinks $100,000 is low end? My income is less than 15K and every homeless person I know works a job that doesn't pay enough to rent the crappiest apartment in the city where they work. I have housing through the generosity of my family and my income barely covers my food.
Bet small, win small. Bet big, win big. Most people can only bet small but would rather not bet at all.
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.
Bread and circuses and nothing changes. Your hard work still feeds the billionaires...
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.
I've heard of a lot of shady billionaires. This guy is on a different level.
Shady? He's an out of touch douche bag, but there's literally nothing shady in this video. Everything he earned was completely on the up and up. He wasn't selling pharmaceutical products that were knowingly, hurting people, or doing anything like that at all. He's just a guy who is good at math and recognizing patterns. Then he made so much money that he's out of touch with reality. Doesn't make him shady though.
A very important piece of real journalism. Thank you.
"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
This channel is really just calling it out I love it
Good job Pennsylvania. This billionaire thinks you all have health insurance and are not at all struggling, and you elected officials who are going to maintain this facade.
"But even the poor have it ten times better than medieval waifs and serfs!"
~ Rich Guy
"No one's hungry no one's cold" how does he explain homeless people?
"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.
They always blame the victim. Oligarchy has the power. Control the middle class at all cost.
He only bets with OTHER PEOPLES' money I'm "betting" that half billion he lost during the crash wasn't his
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.
"A rich man and a poor man live basically the same lives" which is why Yass is obsessed with becoming more and more wealthy right? These free market extremists are so transparent.
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.
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
@@chronometer9931 The problem is more to do with our education system than individual teachers. And it might help if they didn't have to buy their own supplies and come up with lesson plans and grade assignments in their free time without pay. My mother was a high school math teacher and she was always working on one of those things at home off the clock.
@@Necrapocalypse That guy's just trolling all the positive responses in the comments. Said billionaires shouldn't have to pay any tax because they don't actually have any income on another reply.
It's not redistribution of wealth that's the problem. It's the redistribution of the 1%'s debt to the other 99% that is the scam.
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.
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.
Being a billionaire should be illegal. Anything over $10M/year is taxed at 100%.
accumulation in general of more than $ 2 million get taxed 100%
and then no excessive accumulation of physical resources as well
"Income inequality? Everyone I know is rich"
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.
The funny thing is it's not technically space. These rich people just go to upper upper orbit - they literally block all of our satellites with their debris and ship because they want to pretend theiy're astronauts. That's literally what children do - they pretend they are astronauts but least they don't fuck everyone else over by doing so.
I don't see a problem with it as long as he stays there
Will never not laugh when someone says with a straight face, in a highly serious context, "YAAAAAAASSSSS."
I long for the day when being obscenely rich will be seen as a plague, a nuisance, a detriment to society and thus become unacceptable. #BringBackPitchforks
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 RUclips 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.
That garbage sounds like the modern equivalent off "let them eat cake" and we know how that ended
He's taking some thing that has a tiny shred of reality and stretching it into the absurd. It's true that the pour in America have it better than a king from the middle ages. That King could not imagine dental anesthesia, nor having access to foods from all around the world 24 hours a day in your refrigerator. There are tons of things about modern life that are incredible. And it's also true that the average middle-class person will sit down and watch Netflix at the end of the day just like a billionaire. But he seems to think that's all there is. He has absolutely no concept of lying awake at night because you're genuinely worried about not being able to pay your bills for essential things.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1.25m in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Odd how “trader” and “traitor” sound so similar
Semantic slight of hand...
@@stickynorthor semitic?
@@ShootingUtah How is it Semitic? Pretty sure "trade" has Germanic roots. and "traitor" is Latin.
@@ShootingUtah i see where you're getting at 😏
Heheh
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
Five topics to fix society via discussion:
-Anti-natalism vs Natalism
-The 3 basic needs/prenatal needs
Three things necessary for human evolution that are provided while in the womb which are; food, shelter and medical care.
-Platinum rule
Do whatever makes one happier unless it interferes with another persons ability to do the same.
-MBTI (research yours and connect with others)
-Art (pick one and get better at it!)
Does being too rich cause brain damage? Do these guys actually believe all the shit they say about the working class, the poor, and the rich?
Nope. The only difference is that a sociopathic poor person only affects people within walking distance. If the same person was rich, there'll be far more people affected
They actually gain knowledge. Yes, they do know what they are talking about and are confident and many poor people do as well
It's been proven time and again that having too much money literally rots your brain.
@@Vohlfied That’s why it’s best to keep people in poverty as much as possible
It's the have-nots vs the have yachts.
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.
The difference between us sitting on our iPhones on the shitter is that I’m stressing about how I’m going to be able to afford groceries for my kids next week. I have gone weeks without real food because just to feed my kids is around 250-350 per week. I cannot afford my companies health insurance because the 400 dollars a month will actually break me, glad that until next year my kids are able to get assistance on healthcare. Next year I hope I get a substantial raise or none of us will have coverage and I’ll be paying out of pocket for their medical care.
I haven’t upgraded my phone in 4 years (still rocking an 11 pro max)
You don't need to upgrade your phone every 4 years, I haven't upgraded mine since 2015 and it works perfectly.
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
The stock market doesn’t represent the economy anymore so if the stock price of a company goes down the company is still making the same profits and is still operating. It used to represent the economy but not anymore.
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.