We Found The Most Shocking Billionaire Interview
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- Опубликовано: 17 май 2024
- Jeff Yass is a mega-billionaire who does not believe in income inequality.
He thinks he shouldn't have to pay taxes because we're nearly at the point where, “everybody [in America] has all the stuff they need... No one’s hungry, no one’s cold."
He's the largest election donor in 2024.
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To think that 100k is what he considers 'poor'. He is so blind that he can't even *see* poverty existing.
Right? " No one's hungry, no one's cold" what an ass hat
Its one banana. how much could it cost, $10?
100k is barely scrapping by for a two parents, two young growing children family, pre-savings-for-college-fund, household living in a big city like San Francisco.
100k is poor is you e paid attention to inflation over 100 years
Ignorant comment just like the rest of this comment section too accustomed to living at home to have a grasp of the real world
The fact that he can donate millions to a political party to change laws so that he has the advantage in the game of life is a good argument against his theory that billionaires live the same way the middle class does
@@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.
"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 went through a college libertarian / Ayn Rand phase where I believed that billionaires deserved their wealth by making goods and services that made the world better. I grew out of that when I realized that Billionaire's like Jeff Yass don't actually make the world a better place, they make wealth by gambling on the rest of the economy
welcome back to the resistance
I mean, the market is a gamble place for people to bet that someone will pay a higher price for the product they bought... BTW money is debt with the interest you can never pay back since it wasn't created yet until someone make more loan so you can pay it back with the person's fresh loan, check that out and we must have a better way.
...and usually by screwing people over.
Rand predicted this. You didn't read enough to understand her philosophy. You also maybe didn't watch the Donohue interviews. She would call the super rich "looters." And actually, at the end of Atlas Shrugged, the people who produce moved to the mountains and used their skills to create an invisible community lmao! But anyways, using Rand to justify and support the unproductive rich who are financially r a p I n g us is absurd if you've read her work. Not that she's perfect and a god, but this she can't blamed for.
@@Natty183As someone who was also a Randian, you are a joke and so is her philosophy. I was pushed to read her works before I had taken an intro to philosophy. Good riddance.
Most billionaires are pretty awful but he's so despicable even they think he's awful.
“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.
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.
"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.
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?
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.
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.
Yeah, when one can buy a cop, a judge, a senator, or a President, any claims to being "regular folks" can safely be dismissed as an idiotic utterance.
What a rich guy I know has done he bought every politician in his state. So He's immune to every consequence and accountability. While he influences laws for his benefit. He's so sociopathic and narcissistic the guy is deranged and rich.
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 😢
😢
So lash out at people doing better than you to cope with your failures instead of improving oneself? No one is starving to death in America unless they go out of their way to do so, abject poverty in that fashion doesn’t exist anymore all that we see is homeless drug addicts who spend all their money on drugs that’s not an inequality problem infact we enable them by providing outreach
Someone is a bootstrap boy
Gotta pull up them boots
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.
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. $100,000 gets you homeless in several cities in America.
@@kimyoonmisurnamefirst7061yes!!!!
I'm a military spouse to a career service member. He is on year 16 outta 20. Our income is about 50k a year, gross not net. His retirement is funded by a portion of his income being differed, about 5k a year, knocks us down to 45k. Taxes range from 800$ 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.
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
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...
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?
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.
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
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?
This guy is the dictionary definition of the word "dirtbag"
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?
When people hear Sociopath or Psychopath...they usually imagine a killer or murderer but in reality that percentage is extremely small, the reality is that the vast....VAST majority of sociopaths or psychopaths are in the business world as CEOs and Managers, as police officers, as politicians. They have no empathy, no shame, no guilt. They believe they are the best at everything and the smartest in the world.
They are more likely correctly categorized, characterized as narcissists. Malignant narcissists have all the good qualities (ha) of psychopaths (sociopath is that just another name for psychopath. The distinctions about whether one feels something and the other doesn't is just BS). So they all kind of end up at the same place unless one has a little spec of normalcy right next to their lizard brain to prevent them from going all-in. But the gas lighting is a big giveaway. Think: Trump.
Care to show proof of this? Or just posting bullshit you think sounds cool? God the majority of this comment section is just the mentality of a high school kid just mad at something they don’t have and lashing out, it’s embarrassing to see some people so deluded
@@logangardiner7574 The point is that the system (capitalism) is built against the majority (the non-rich) in every single way, even being engraved into the political system in U.S. politics. I'd be happy if everyone could work hard and become like him in terms of wealth, like he believes. It just doesn't work that way. What everyone isn't happy with is the effects of that wealth generation. What he (Yass) makes and decides to do for himself is literally everyone else's loss because this is a zero-sum world: there isn't unlimited wealth to hoard to the point where it doesn't impact people negatively. It's a fundamental problem of capitalism, especially for the resurgance of free-market neoliberalism. That's why people here are angry, and rightfully so. They believe that we, as a society, can do better.
The point that Yass isn't just desensitized to the issues of the working class but also seems to actively make the problems worse (but better for him) and then do a bunch of mental gymnastics, smear campaigns, and false claims to justify his actions shows that he may indeed be a sociopath manipulating people for his own gain.
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.
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
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.
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.
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.
$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.
He only pays 19% in income tax?!?! What?!?!
No stats, but I doubt he really pays that much even.
Oh this again... Let's just speed this up. Does he actually have an income to tax, maybe ask that first 🤦
@chronometer9931 completely ignorant and moronic take, planned losses are built into his business strategy. His losses are then used to justify being taxed at a lower rate. If I got laid off tomorrow and was unable to find a job with competitve pay and benefits the government does not afford me the same luxury, my tax rate would be the same. The tax structure in this country only benefits the rich. It goes beyond incentive, its criminal.
@@chronometer9931 yes, because capital gains IS INCOME to all but financial gangsters.
@@chronometer9931 Yes mofo, this again. Pretending that billionaires are actually poor and shouldn't be taxed because they're so broke is absurd.
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.
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!
I've heard of a lot of shady billionaires. This guy is on a different level.
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
He acts like a pissed off neighbor in an HOA.
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.
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations. I really appreciate your videos Kelly
There’s much uncertainty now, my question is what stocks can be the next wave in terms of growth for the next decade?
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
That's impressive, have you always had guidance?
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Finding financial advisors like Jennifer Lea Jenson who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them
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.
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.
It always irks me when someone whose so rich that they'll literally never worry about bills getting paid or someone in their family going without. Irks me a lot. These people have absolutely no clue what the average American goes through weekly. 100k (snort), good thing they didn't go for the bulk of American's, 'cause 'most' of us don't come close to 100k. Ever.
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.
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.
Will never not laugh when someone says with a straight face, in a highly serious context, "YAAAAAAASSSSS."
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
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
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
He only bets with OTHER PEOPLES' money I'm "betting" that half billion he lost during the crash wasn't his
"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
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.
"For a wealthy person, losses are incredibly valuable. Losses are something you can use to offset gains into much more lucrative gains that are taxed at a lower rate." So much for the "efficiency of the markets." LOL Hopefully, more reports such as these will break folks from Friedman's spell.
Rich people seriously seem to lose touch with reality. 🍽️
"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.
Completely ignoring the people doing 2 or 3 temp jobs with no benefits to barely survive, and all of the bankruptcy other than rich scammers like Trump.
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
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 mean, that is kinda brilliant to exploit the difference in taxes between long and short term capital gains and losses. They should definitely close that loophole.
Modern day equivalent of "Let them eat cakes", only difference instead of guillotined, he's given tax breaks.
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.
0:37 I, Mr. Yass, am hungry as hell rn but food costs spare finances that most people don't readily have access to. Someone's hungry. Someone's cold. I'm fortunate enough to be warm; I can get food but not all are so fortunate. What an uncommonly unaware individual.
This channel is really just calling it out I love it
when the levy breaks, they need to go after him first...
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.
adding the song from the final scene in oceans 11 was a nice touch. this is highway robbery at level 9999
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.
No one is hungry, no one is cold, everyone has all the stuff they need what the actual fuck am I hearing 😂😂🤢🤮
I'm hungry he's wrong
That garbage sounds like the modern equivalent off "let them eat cake" and we know how that ended
Just one more billionaire to put on the menu.
If the US enforced the constitution properly, billionaires would never exist.
Lol, you ain’t doing shit ever and you know it
People sleeping in their cars, or on the street....people can't get health care or dental care, while corporations price gouge to their Hearts content...no problem
despite his name being yass, he is not slaying.
But he is
Literally poor people, who he's indirectly stealing from
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
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life🙏🙏🙏
You're right you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.
That's true, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance that lacks an investment value Instead of saving money in the bank . This means, if you want to be successful you must be an investor
I agree with you had a senior colleague at work who was doing well but never had an investment. Unfortunately he lost his job and went from living a comfortable life to hardship. There would had been something to fall back on if he had an investment
That's why I always urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Hey babe, new evil person dropped.
exactly!
Why is he evil?
@@CombatMedic1O Conservative = Evil
@@CombatMedic1O Not everybody wants to be a trillionaire, not everybody thinks our economic system is already a full meritocracy, and not everybody thinks an anything-goes high finance sector is a good thing.
@@CombatMedic1Oevery rich person is a liberal/conservative. Your people are literally in charge.
"We both work in the blood diamond industry. We're the same!"... Wait, was that Ghislaine Maxwell on that motorcycle with him?
🛎 ding ding ding!
No Chislane maxwell was the sidekick of mega Democrat donor, the most famous pedo ever, Jeffrey Epstein.
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%.
Damn…l really do live in a sithole country. No one is hungry and cold in America. 🥺😭
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.
It's the have-nots vs the have yachts.
in between the have-littles demonizing the have-nots
The can’t haves vs have lots
A millionaire could falsely believe he's safe. A Depression, Black Friday type event always proves that only Ultra Rich, are safe. A millionaire, rich to me, is the new, upper middle class.
One wonder why he doesn't simply change places with some working stiff in New York City making $100K a year (given NYC rents and other cost of living) for the rest of his life. Since they're both the same.
Stuff like this makes people want to turn into the Joker.
How about get a job instead instead of lashing out at people with more money than you. You know what these people do that you don’t? Work their whole lives lol get a job kid maybe get some life experience too while you’re at it
@@logangardiner7574 That's a lot of unprovable accusations & claims with excessive emotion.
*_>Try again.
@davidlong2338 nah, as a poker player I’m very in tune with reading people and inferring things based on imperfect information.
@@logangardiner7574 The only conclusion I can make from that is you agree with the investment fund manager who sits on his ass crunching numbers. If even that.
*_You're a sycophantic troll._* YEET
@@logangardiner7574 You really are not.
"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
"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.
I'M OLD but not an unenlightened boomer. Gen X. 🎉😊 So glad you guys are here - "More Perfect Union" indeed.
Educating me and my adult kids about the BS we don’t hear about in mainstream media.
Thank you. Shared, subscribed, and thumbs up 👍 excellent reporting.
Jeff Yass shouldn't be allowed to have a quiet moment in public. No billionaire should be allowed a single moment of peace, ever.
He’s out of touch with his fellow citizens. He hasn’t struggled in so long, assuming he ever did, he’s disconnected from the harsh living conditions everyday Americans experience daily. I’ve met many wealthy people in my time, and they state similar things as this man. If he spent some time with the downtrodden, his attitude *may* change.
Don't assume his motivations are due to him being out of touch. It's more likely that he's a con man.
"No one's hungry or cold" *hitch gestures to West Oakland, CA*
@@473mec yeah he's giving Wolf of Wall Street energy
@@lowwastehighmelaninUnfortunately 😭😭
@@473mec Yeah🤬🤬
If he doesn’t see the difference in lifestyle between being a billionaire and earning $100k a year, sounds like he won't mind most of his income being taxed.
This guys right across the river from me and I never heard of him. Thanks for the research this is all good to know.
Side note his firms in Bala Cynwyd so he doesn’t have to pay city tax but he clearly throws around the guy from Philly act what a chode
Can you guys do a video about all the Indeed and LinkedIn ghost jobs postings?
Big shocker. Someone making hundreds of millions a year and never have been without money, telling everyone else not making hundreds of millions a year that “we’re in the same boat.”
Your boat a super luxury yacht with golden parachute. Everyone else is in a leaky dingy with a battleship anchor deployed trying to get to shore.
They explain it poorly here but for those that are interested in how the tax trick works.
If you make 100$ in short term capital gains you pay 40% so you get to keep 60$.
But if you just buy 2 products with opposite properties (i.e. a put and a call on the same stock) at the end of the year you will always have an asset that lost X$ and the opposite that gained X$.
Lets say X = 100, so you sell the loosing asset and now have -100$ and you sell the other one at a 100$ profit a day later.
Now you have 100$ + (-100$) = 0$ in short term gains. This means you pay 0$ tax. Additionally you have 100$ in long term gains, so you pay 20% and you get to keep 80$.
This essentially let's you keep an additional 20$ with no risk.
It is technically illegal to do this but Yass has enough companies to spread this around and move funds between them to launder it. So one company loses money and the other gains money so no single entity owns both assets.
Lose. Not loose. If you're going to spell phonetically at least do it right --- looze.
He thinks $100k is poor because he hasn't had a meaningful conversation with anyone who makes less than that in decades.
I appreciate how you tied the Ocean's 11 references in throughout the video to emphasis the reach of the heist.😎
I'd like to see you look into the rise (and fall) of charter schools / school voucher programs.
100k a year is literally paycheck to paycheck on the west and eat coasts .
Don't live in the major cities on the coasts. The first way to save money is to not give it to a bank or landlord just to make a fashion statement or have a "crib".
@@starventureI live in rural Washington state, homes where I am are 400k+ and usually require a lot of work since the community has not had a boom in 40 years. It is not just the cities, it hasn’t been just the cities for a long time.
@@andi_88859 $100k per year is not paycheck-to-paycheck in rural Washington state, not even close. You seem pretty out of touch with what people in California and New York metropolitan areas have to deal with. Many of them would do anything for a $400k house.
A family of three making almost $50K is eligible Food Stamps in NYC.
Just remember:
All billionaires got it the good old-fashioned way: inheritance, grift, theft.
Most of them, like this gem, are sociopaths.
Don't listen to crooked sociopaths
In a system that values money above everything else, expect sociopaths and psicopaths to be rewarded the most.
NO ONE’S HUNGRY? NO ONE’S COLD? Dude what?
8:10 That's one of the many reasons why all capital gains should be taxed at the same rate.
Along with the fact that short-term trading makes markets more efficient.
This is no surprise to me but I grew up around unions and joined one this is what these people always done you should watch pbs documentary the gilded Age
We can’t get back there fast enough.
I dont believe u. For sure there r alot of sick rich aholes, but this guy said all the quiet parts out loud and to a camera.