@@Victor-xw3ws Well, for starters, it was brought up how those who have the most means don't contribute to the public welfare as much as they could and should. Secondly, these billionaires act basically as polititian, except they haven't been elected and can therefore ignore our needs without renouncing to their power. Furthermore, in the specific case of them actually giving money to charity (and not "doing" so to evade taxes), they are basically deciding who is worth of support and who is not. And they're undermining the very society we live in in the process. HERE'S what's wrong. Post Scriptum: they didn't earn their wealth with their labour, but by inheriting and by exploiting.
@@Victor-xw3ws well, when you'll be able to become a millionaire with your own work (and not of those slaving under you), your argument will have a point. Furthermore, yes, inherintance should be heavily taxed, since your only merit would be being born in a wealthy family, and that's unfair towards those better than you but with less means. But hey, if you're from the USA, I can see how scared you are towards progress (and also the party you voted for)
As horrible as most of this video's implications were, thank God we have intelligent young people like you that can and do use their platforms to uncover these practices. Best wishes!
@@aelinwhitehorn3526 Yes, communism as it is defined by Marx would be a much, much better alternative. It is not easy to achieve though, then again nothing worthwhile is.
@@寂び侘び-b6s Not really, the way Marx describes it (no personal property, no government, no class divisions) all would lead to a Purge like world where there would be no laws and everything would be chaos. Humans as a species like to be controlled, and they like (I say they as if I am not a human so excuse that) predictability to some degree so even though we may not agree with our leaders (I am only including leaders with a sound belief in democracy no authoritarian figures), I would say that there is a certain comfort in knowing the government that has control of the country allows most people to sleep soundly at night. I'm not saying that the world is perfect but I would say we definitely are much better off than 50 years ago. Furthermore, I feel the notion of personal property would just lead to violence and thievery and if an example of public property is going to be used as a counter argument, the majority of the time that is only maintained because people pay tax allowing for it to be maintained. If there was not a government or a tax system (a Marxist communist system) then we would most likely not have much as there would be no control of resources etc. Also I really appreciate how you raised your point in a very civil manner.
These DAF loopholes (including lack of transparency) are absolutely disgusting, another example of political corruption and supreme mediocrity of human behaviour. Thanks for highlighting these facts
Several years ago in Salt Lake City, Utah, a bill came up for public vote that would require everyone in every city in the Salt Lake Valley to pay a tax increase that would help the rich people on the east side send their kids to private schools. It failed miserably. I couldn't believe that such a thing ever came up for public vote. It should never have been considered. Why the hell should I pay a tax to help someone who makes a lot more money than I do send their kids to a private school? It's ridiculous, but this is the country we live in.
Philanthropy doesn’t solve problems as much as we’d like it to. In practice, billionaires use it as a tax loophole, a PR stunt, and (assuming they donated to an actual charity) a way to undercut the charity’s true mission. The truth is solving problems isn’t always beneficial to the ultra-rich. If poverty ended today, there would be no workers for them to exploit. It’s also true that some of the people branding themselves as “solutions” are also part of the problem (think Jeff Bezos). I recommend checking out Second Thought’s video on this topic.
Taxing those billionaires is what can solve the problem. Given the government also uses that to fund healthcare, social services, housing, mental health, infrastructure..etc. so maybe not even that solves anything.
“We don’t need another Forbes Five Hundred List of the wealthiest people in the world; we need a Forbes Five Hundred List of those who give away the most money.” ~Ted Turner
@@supersaiyajin5944 thank you. Most people don't realize it's not even remotely close to being that simple. I'm just as dumb as the next person, it's just that most people saying shit like that don't actually care about objective truth. And they're probably the same people who wouldn't give in any form of significant charity if they were blessed with that kind of wealth.
Its sad because there is an extremely small chance that these loopholes will change. The people who made them and their descendants are/were the rich, so why would they close something that benefits them? Definitely not out of the goodness of their heart, because 99% of the time, people get rich off the backs of the working class by exploiting them in inhumane conditions and paying them as little as possible, if at all. And their children are being born into wealth, so its very unlikely that they'll do anything because they will know wealth, and won't want to give that up. The children will repeat the cycle, and so will their own because they don't know how it feels to be exploited and lied to for someone else's benefits. They just know that money = power, and to get money, you need the working class to work as much as possible for you, even if it means causing them harm.
You’re right but the good news is that the current system can’t last forever. We’re destroying the planet in the process. So something will have to change but who knows what that change will look like
As Warren Buffett said: "we (the rich) are winning". If he said it, then it probably is true and it won't change any time soon. I think the only way to change is to have the discord in the rich world, and have them wage war against each other. We (the public) can't do those changes other than improve the education system (which in US is terrible - besides universities), and have the public educated on critical thinking. Only then do you guys have a chance (and by extension, my country as well)
Indeed. It would require a total destruction of the current economic system and a revolution. The bad thing is, that nobody knows how that would turn out. We could accidentally just collapse the whole society, just like all the ancient and historical civilizations have collapsed in the past. I think we are truly living in a crucial time period, and we might actually be quite close to the collapse of our civilization. For example, our current situation is not that far from Ancient Rome's final moments; it too fell partly because of the huge inflation and the wealth gap between the rich and the poor, as well as over-reliance on slaves. We have those too as well, in today's world. Most of our economies today are based on cheap stuff manufactured in third world countries, and if those ever decide to just stop doing that, our first world societies would very quickly crumble to pieces. One other problem with Ancient Rome was governmental corruption, and the USA is a great example of that how the rich can run the government today as well.
@@rahko_i I think of this quite often as well and it’s definitely worrying. But the flip side is that it’s also really exciting! I feel like now we have a better chance than anyone’s had in the last 400 years to create something better. Things will probably get worse before they get better but it’s a comforting and exciting thought that the world economic system will likely be very different in 50-100 years
@@owengonzales53 Yes, I try to be hopeful as well. And I just hope that at the brink on collapse, someone (most likely in a position of power afraid to lose that power) does not decide to also bring down the whole world with them by doing something extremely stupid, like starting a nuclear war. But I choose to be hopeful, and wish that the collapse won't be too sudden so that it can remain mostly peaceful.
Donations and purchase of "art" are one of the most obvious way for rich to keep getting richer without any consequences whatsoever. If only government had a backbone.
Money is just a tool. Like all other tools humans have used, eventually, we evolve beyond it and adapt to newer tools. We are living through the transitional period where humans evolve beyond money. Whether the division among us allows us to survive...
It's not a tool. It's a mean of exchange. right now people complain about money as that is the mean of exchange. Poor and incompetent people will complain about whatever the new means of exchange will be. Thats what lazy and incompetent people do , they complain and want the world to help them, while the rich and successful adapt and thrive
"The oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them." - Karl Marx
@@bankingsensei925 and? Doesn’t that just prove that we shouldn’t have a system where there can be those who are “above” others? Doesn’t that statement in itself prove we should not have this system
I agree with all of this unfortunately we’ll never accomplish anything as long as they have half of us fighting the other half while they watch, laugh and profit.
I donated to Travis doodles and my church. Both are faith based organizations. My church has an outreach program that's faith based to help addicts in recovery all over the world. I don't donate a lot cause I'm single mom working but it makes me feel better to know I could be helping someone who needs it.
Thank you, we need to detach policy from partisan politics. We should do what is best for the most altruism is the basis of how we succeed between tribes. This isn't anti enterprise, we need to make life awesome for everyone. Ther is a solution for everything. I am tired of this debate between "left and right" in reality it is compassion vs selfishness, kindness vs cruelty. I think most of us agree no one should suffer and ones who have issue should be helped.
The wealthiest 100 have probably heard the famous quote by Stan Lee, “With great power comes great responsibility.” The problem is that they have been distracted by the outdated story of “get rich or die trying” and “hoarding wealth is cool.” Let’s update the story. Like maybe the following… “Get healthy or die trying” “It’s cool to expiate power” “Prestige is the new wealth” “Sharing is honorable” “Keep the tribe healthy” In order to update our current sick society, we must practice cooperation over competition, people over profit, health of the tribe over hoarding wealth. If we don’t, then we are doomed as a species. We can only hope that the richest among us choose to become prestigious philanthropists rather than greedy hoarders, but we should never underestimate human stupidity. Belief is a powerful thing. If the richest among us believe in the failed stories of our culture, then almost nothing will change their minds. Sometimes there are simply not enough cultural leveling mechanisms in place to keep them in check. And cognitive dissonance is one hell of a drug.
I'm not defending his sketchy actions. But when he said he'd donate money to solve world hunger, it was because someone claimed that elon musk could solve world hunger with 1% of his wealth, or something like that.
The second thought channel did the same attack on Musk, I commented about it and he just deleted my comment. I like the ideals of the left, but things like that, distorting facts, is why more people don't embrace the cause.
@@san5828 Yeah, it always bugs me when facts are distorted or taken out of context. I don't really fully identify with any political view because I'm mostly centralist. So when people cherry pick information to make their perspective look more appealing, it bugs me. Because not only is it disingenuous, it's also manipulative, which cause a butterfly effect of misinformation. Like a shitty game of telephone.
Question: if a billionaire "donates" money to a DAF, can they get the money back? Because when I look in wikipedia article of DAF, it says "They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities. "
At the 5:30 mark , the key words I believe are "qualified charities", that money can go anywhere I guess but I didn't research this and its only guess work on my part.
@@serbanmihnea2120 I've heard that in some countries it's possible to create a "charity" with the goal to ensure the financial well-being of your family. But if I remember correctly, you neither own the money nor do you control the money after you've given it to that "charity". I wonder whether that kind of "charity" would qualify for DAF. If not, then we should keep an eye on the laws to ensure they stay this way^^
It's funny... Some have likened Musk to the real life Tony Stark. I think the real life Lex Luthor is more like it. 😁 Awesome vid and very insightful. Thanks. 🤘
Lol. At least lex luthor is smart. Id say musk is more like Justin hammer from the iron man movies. He was born into wealth and just pays other people to design and engineer stuff.
I am philanthropic through actions rather than pocket change. Large organizations like "Goodwill" "The Salvation Army" etc. tend to take a large majority of their donations to upkeep their hundreds of facilities around the world. In the same breath, handing your pocket change to a homeless person on the street is not really helping them and will possibly be used by that person for drugs and alcohol rather than feeding themselves or their children. There are many "Homeless" that aren't even homeless. Some are con-men taking advantage of your guilt at not being in their shoes. I am not saying there are not real people in need; there are thousands, even millions of people in need around the world. When I give anything to these people, it is by giving them a ride, or personally buying them a meal, or by volunteering at a clothing drive or a soup kitchen. I try my best to help, not just enable them to remain homeless longer. I spent 6 months on the street myself. No home, no job, no hope. I met many others like myself, and the majority of them had given up completely and learned how to "Play the system" and to "Play people" to get what they wanted. 9 out of 10 of these people are content in how they live and playing on the guilt of others is how they get by day to day. In that 6 months I never met another person who was working to get off the streets like I was trying to do. It took me those six months of grueling labor jobs with daily pay to finally get a place to live and job that payed every 2 weeks while still being able to eat and bathe daily. It can be done; but many do not want to do it.
The only think I am charitable to is my time to organizations or volunteering and or money or food to the homeless on the streets which goes directly into their hands. That helps infinitely more than rounding up your bill giving pennies to some Uber corporation that claims the money will go to the right people
the only way for society to actually prosper is to give up greed. to just let it go. to not grab the 20 sitting on the ground because it be better off in a homeless man's hands than mine. though not everyone is taught how to live life to live in this modern society, that should not discourge us from giving those who wish to change or work a chance to do so. this American dream may be fading. falting in the way of the world's order, but one thing is certain if we don not find a way to work together, we will only rip eachother apart. it may be natural to better yourself for tomorrow, but better to live like I will die today than be scared to walk today in fear of starving tomorrow.
It may solve some things, but on the flip side, even if these billionaires gave the money they donated to the government for taxes, I wouldn't trust the government to use that money efficiently. 2/3 or more will be funneled into maintaining the bureaucracy, while only a small fraction would be actually used to do good. Look at the Homeless Industrial Complex. In 2021, the federal government spent 51 billion dollars to "solve" homelessness. That's $92K per homeless person (550k homeless people in the US)... In Fiscal Year 2022, California budgeted 12 billion dollars for homelessness. That's $74K per homeless person (161K homeless in CA)... In FY 2020, San Francisco spent 852 million dollars on a population of 8000 homeless people for a whopping $106.5k per homeless person... Imagine if you just GAVE that money directly to homeless people. That would single handedly solve homelessness. These government bureaucracies have no incentive to actually "solve" homelessness because that would put them out of a job. In a nutshell, the incentives to solve homelessness are not aligned with the goal of actually solving homelessness. That's why its an INDUSTRIAL COMPLEX (same mechanism behind the military industrial complex, the military is not actually incentivized to keep the peace but actually look for war) and continue to perpetuate homelessness. These departments are also not incentiviezed to use the money they get efficiently - most departments have a lot of money left over at the end of the fiscal year that they wastefully spend in order to ensure they get the same amount allocated the next year. It incentivizes initiatives and projects that are good for publicity, but lack any real effectiveness and are often wasteful without much oversight. Centralized government spending creates a highly inefficient allocation of resources and oftentimes do not actually solve things that they wish to solve. Philanthropy has their issues, but taxes and government spending have their own problems as well... I don't actually know what the solution may be. Either philanthropists need to have tax loopholes closed and be more transparent and targeted with their donations OR government needs to figure out a way to allocate their resources more efficiently and align their incentives better (in a way that mirrors resource efficient free market incentives).
I had to wait till I was in the mood for this very sobering video essay... money is twisting, rotting, manipulative power... its shown how disappointing humanity can really be
The truth is that so long there is capitalism there will always be poverty, capitalism just like any other economic system is one that dictates how resources should be distributed in society and seeing that poverty is a state in which an individual is in due to the fact that they don't have resources it seems to me that if you want to end poverty you change capitalism. The question is are we willing to change it and the answer is no from the way things are.
Capitalism doesn't dictate resource allocation, why do you think that? In capitalism you buy available resources then make a product and if it is useful then people will buy it. And if nobody buys, it means you allocated resources badly.
@@TheKrzyy Those are markets, capitalism is just the mode of production, which is privately owned. This is the issue with people understanding of economics they equate markets with modes of production and ideologies.
the issue with capitalism is that it makes people and companies value profit above all else. when everyone puts their own profit as their highest priority, all the social issues naturally follow as a result.
@@ace2311 are you sure about that? i am very skeptical of the idea that capitalism is even one of the "better" options. a lot of the arguments people use in support of capitalism do not really seem to reflect the reality of it.
No wonder every time I have reached out to a philanthropist I have been ignored. They don't care about helping people, they just want to avoid paying their fair share.
I love that you have been putting up more videos lately. Btw I can't wait for a piece on the billionaires and the benefits/disadvantages for the 99.99% of us.
A lot of people believe that the intent matters a lot. For example, a lot of people believe Mr. Beast is amazing for how much charity he does. I agree he does a lot of good, but that good doesn't matter in the grand scheme of things. Charity is a band aid solution, it doesnt fix problems, it simply allows them to continue to exist for longer.
I know that we understand this , and there are people like us who can see grey between black and white but the majority of people can't see the gray and are looted by power.
Well, no, not really. It can also provide opportunities to people. I know many people that used charitable donations to turn their life around during tough times. It really isn't black of white, but of course we can't analyze each situation independently as well.
If you want to get rich, focus on creating value to the market, then the money itself will flow in, Value itself is the symbol of money you are making, a fellow creator,..,.,.,.
Ask yourself: would you rather be a typical hero who earns power and hoards it; or a prestigious hero who earns power and expiates it? Put in another light: would you rather be the hero hunter who hoards all the meat while the rest of the tribe dies, or the prestigious hero hunter who keeps the choicest meat for his effort but then shares the rest with the tribe so it doesn't starve? Then ask yourself: in which way is my conscience clearer?
Excellent video in regard to exposing the abuse of modern Philanthropy but this just outlines the problem with Capitalism, if Philanthropy isn't going to decrease the wealth gap because of the obvious greed of the rich then how can anyone trust them to actually be Philanthropists? All this tells me is that Capitalism has failed, and the concept of the ultra-wealthy needs to be done away with.
Ok so WFP said they could solve world hunger with X amount of money. Musk said prove it. Then WFP said well, not technically solve world hunger just Y amount of people will be helped. So, you kinda told half the truth there.
The sad thing, is that we could win. Just about everyone is lazy or too worried about themselves to think about how bad the future will be. It may seem irreversible but it's not. Soon it will be though if we don't stand up for ourselves instead of saying "Sure I'll do more for less..." or "I'll take a buck less to do it!". It's just sad how the millions and millions of us literally let this happen... So do your part, don't vote. FIGHT. We need to show the rich that without us working, they will fail. Last I checked, money doesn't have the limbs required to do most of the jobs out there. We are needed to make them rich. Yea, it'll be bad on us for sure but in the long run, we will win. But if we keep waiting, then we wont win. If you think the army can stop us, just remember what the government does to them one their time in the service is up. They are here to protect the freedom of America. Most of the people in our government are traitors towards America and they wont be stopped until we actually take our freedoms back. Forget about peaceful protests, forget about voting, and absolutely forget about being silent because none of it works.
Remember it is only legal till everyone does it. 😊 let everyone open a charity fund and apply for deduction. Soon tax will be historically low only for them to fix this against common people.
It's the wealthy who need their souls saved. Even most charities do very little for the poor. Because Billionaire CEOS use their own charities to steal from those they claim to help. They may say that your purchase helped pay for 10 meals but a volunteer told me that they use old non perishables donated to churches and food pantries. I always give directly to the homeless. In fact many second hand stores sell your stuff and give mere pennies to those they claim to help. One homeless program was taking donations from their shelter and selling them at their restore, instead of handing them out to homeless directly. A lady I know went shopping at a restore and saw her clothes hanging on the rack with price tags. Nobody who was homeless got her donation. The CEO of the charity was making almost a million dollars a year too. The poorest among us, including the prostitutes and drug addicts will enter the kingdom of Heaven before any of the rich will. Jesus said, " It is easier for a camel to enter through an eye of a needle, than it is for a rich man to enter the Kingdom of God."
i am glad to see these issues brought up, more people need to be informed of this stuff so it does not go unnoticed.
You should check out Second thought: he has already talked about this problem and many more. Trust me, join our side and make the world a better place
@@Victor-xw3ws Well, for starters, it was brought up how those who have the most means don't contribute to the public welfare as much as they could and should. Secondly, these billionaires act basically as polititian, except they haven't been elected and can therefore ignore our needs without renouncing to their power. Furthermore, in the specific case of them actually giving money to charity (and not "doing" so to evade taxes), they are basically deciding who is worth of support and who is not. And they're undermining the very society we live in in the process. HERE'S what's wrong.
Post Scriptum: they didn't earn their wealth with their labour, but by inheriting and by exploiting.
@@Victor-xw3ws well, when you'll be able to become a millionaire with your own work (and not of those slaving under you), your argument will have a point. Furthermore, yes, inherintance should be heavily taxed, since your only merit would be being born in a wealthy family, and that's unfair towards those better than you but with less means. But hey, if you're from the USA, I can see how scared you are towards progress (and also the party you voted for)
As horrible as most of this video's implications were, thank God we have intelligent young people like you that can and do use their platforms to uncover these practices. Best wishes!
What? Like capitalism sucks lmao
@@jaidenleary5441why do u say that? what's a better alternative, communism?
@@aelinwhitehorn3526 Yes, communism as it is defined by Marx would be a much, much better alternative. It is not easy to achieve though, then again nothing worthwhile is.
@@寂び侘び-b6s Not really, the way Marx describes it (no personal property, no government, no class divisions) all would lead to a Purge like world where there would be no laws and everything would be chaos. Humans as a species like to be controlled, and they like (I say they as if I am not a human so excuse that) predictability to some degree so even though we may not agree with our leaders (I am only including leaders with a sound belief in democracy no authoritarian figures), I would say that there is a certain comfort in knowing the government that has control of the country allows most people to sleep soundly at night. I'm not saying that the world is perfect but I would say we definitely are much better off than 50 years ago. Furthermore, I feel the notion of personal property would just lead to violence and thievery and if an example of public property is going to be used as a counter argument, the majority of the time that is only maintained because people pay tax allowing for it to be maintained. If there was not a government or a tax system (a Marxist communist system) then we would most likely not have much as there would be no control of resources etc. Also I really appreciate how you raised your point in a very civil manner.
Phenomenal topic, phenomenal video. Absolutely great work, as always.
These DAF loopholes (including lack of transparency) are absolutely disgusting, another example of political corruption and supreme mediocrity of human behaviour.
Thanks for highlighting these facts
Several years ago in Salt Lake City, Utah, a bill came up for public vote that would require everyone in every city in the Salt Lake Valley to pay a tax increase that would help the rich people on the east side send their kids to private schools. It failed miserably. I couldn't believe that such a thing ever came up for public vote. It should never have been considered. Why the hell should I pay a tax to help someone who makes a lot more money than I do send their kids to a private school? It's ridiculous, but this is the country we live in.
That is jaw dropping. Would expect that sort of thing in some corrupt backwater nation not the US. And I'm not American.
@@Iron-Bridge The corruption here runs deep
I remember that, nice to see another Utahn though lol
Why? Because you're the tax payers, and you guys pay for almost everything there is.
yeah. you just made that up, and people actually believe it. lol
Philanthropy doesn’t solve problems as much as we’d like it to. In practice, billionaires use it as a tax loophole, a PR stunt, and (assuming they donated to an actual charity) a way to undercut the charity’s true mission. The truth is solving problems isn’t always beneficial to the ultra-rich. If poverty ended today, there would be no workers for them to exploit. It’s also true that some of the people branding themselves as “solutions” are also part of the problem (think Jeff Bezos).
I recommend checking out Second Thought’s video on this topic.
Taxing those billionaires is what can solve the problem. Given the government also uses that to fund healthcare, social services, housing, mental health, infrastructure..etc. so maybe not even that solves anything.
“We don’t need another Forbes Five Hundred List of the wealthiest people in the world; we need a Forbes Five Hundred List of those who give away the most money.” ~Ted Turner
Forbes - we don't do that here
We need people who invent and create something useful for humanity, giving away money won't change anything
And that's exactly what most of the wealthiest do
@@supersaiyajin5944 thank you. Most people don't realize it's not even remotely close to being that simple. I'm just as dumb as the next person, it's just that most people saying shit like that don't actually care about objective truth. And they're probably the same people who wouldn't give in any form of significant charity if they were blessed with that kind of wealth.
that's the most pathetic quote I've ever read
I like how you give a sort of back story to something for people to understand before explaining your video. Thats really cool. I like your videos.
Its sad because there is an extremely small chance that these loopholes will change. The people who made them and their descendants are/were the rich, so why would they close something that benefits them? Definitely not out of the goodness of their heart, because 99% of the time, people get rich off the backs of the working class by exploiting them in inhumane conditions and paying them as little as possible, if at all.
And their children are being born into wealth, so its very unlikely that they'll do anything because they will know wealth, and won't want to give that up. The children will repeat the cycle, and so will their own because they don't know how it feels to be exploited and lied to for someone else's benefits.
They just know that money = power, and to get money, you need the working class to work as much as possible for you, even if it means causing them harm.
You’re right but the good news is that the current system can’t last forever. We’re destroying the planet in the process. So something will have to change but who knows what that change will look like
As Warren Buffett said: "we (the rich) are winning". If he said it, then it probably is true and it won't change any time soon. I think the only way to change is to have the discord in the rich world, and have them wage war against each other. We (the public) can't do those changes other than improve the education system (which in US is terrible - besides universities), and have the public educated on critical thinking. Only then do you guys have a chance (and by extension, my country as well)
Indeed. It would require a total destruction of the current economic system and a revolution. The bad thing is, that nobody knows how that would turn out. We could accidentally just collapse the whole society, just like all the ancient and historical civilizations have collapsed in the past. I think we are truly living in a crucial time period, and we might actually be quite close to the collapse of our civilization. For example, our current situation is not that far from Ancient Rome's final moments; it too fell partly because of the huge inflation and the wealth gap between the rich and the poor, as well as over-reliance on slaves. We have those too as well, in today's world. Most of our economies today are based on cheap stuff manufactured in third world countries, and if those ever decide to just stop doing that, our first world societies would very quickly crumble to pieces. One other problem with Ancient Rome was governmental corruption, and the USA is a great example of that how the rich can run the government today as well.
@@rahko_i I think of this quite often as well and it’s definitely worrying. But the flip side is that it’s also really exciting! I feel like now we have a better chance than anyone’s had in the last 400 years to create something better. Things will probably get worse before they get better but it’s a comforting and exciting thought that the world economic system will likely be very different in 50-100 years
@@owengonzales53 Yes, I try to be hopeful as well. And I just hope that at the brink on collapse, someone (most likely in a position of power afraid to lose that power) does not decide to also bring down the whole world with them by doing something extremely stupid, like starting a nuclear war. But I choose to be hopeful, and wish that the collapse won't be too sudden so that it can remain mostly peaceful.
Dude literally exposed billionaires!
Hats off🖖
Donations and purchase of "art" are one of the most obvious way for rich to keep getting richer without any consequences whatsoever. If only government had a backbone.
Government are as guilty. They are on their side. Not ours.
@@Pattypink13 They are the government
@@Shane39 to be honest, you're right on that, sadly.
“ getting richer without any consequence” ???? When did making money become a crime?
@@baroquesham money making isn't crime but money laundering is
Money is just a tool. Like all other tools humans have used, eventually, we evolve beyond it and adapt to newer tools. We are living through the transitional period where humans evolve beyond money.
Whether the division among us allows us to survive...
We have already evolved beyond it. Welcome to CREDIT.
It's not a tool. It's a mean of exchange. right now people complain about money as that is the mean of exchange. Poor and incompetent people will complain about whatever the new means of exchange will be. Thats what lazy and incompetent people do , they complain and want the world to help them, while the rich and successful adapt and thrive
"The oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them." - Karl Marx
Karl marks was a fool though
@Anhedon the so called oppressed people will act the same if you give them power and money
The irony 😭😭
There are no "oppressed" people, there are just fools who don't know there are being oppressed.
@@bankingsensei925 and? Doesn’t that just prove that we shouldn’t have a system where there can be those who are “above” others? Doesn’t that statement in itself prove we should not have this system
I agree with all of this unfortunately we’ll never accomplish anything as long as they have half of us fighting the other half while they watch, laugh and profit.
Yeah : /
"But would that bill stop gates" I see what you did there
Your videos are truly insightful! Every other video help me in different ways. So grateful to have found this channel!
In which class you study?
I am also from india
@@m_s007 ShutUp Simp
I donated to Travis doodles and my church. Both are faith based organizations. My church has an outreach program that's faith based to help addicts in recovery all over the world. I don't donate a lot cause I'm single mom working but it makes me feel better to know I could be helping someone who needs it.
Thank you, we need to detach policy from partisan politics. We should do what is best for the most altruism is the basis of how we succeed between tribes. This isn't anti enterprise, we need to make life awesome for everyone. Ther is a solution for everything. I am tired of this debate between "left and right" in reality it is compassion vs selfishness, kindness vs cruelty. I think most of us agree no one should suffer and ones who have issue should be helped.
Love your philosophical content bro
The wealthiest 100 have probably heard the famous quote by Stan Lee, “With great power comes great responsibility.” The problem is that they have been distracted by the outdated story of “get rich or die trying” and “hoarding wealth is cool.”
Let’s update the story. Like maybe the following… “Get healthy or die trying” “It’s cool to expiate power” “Prestige is the new wealth” “Sharing is honorable” “Keep the tribe healthy”
In order to update our current sick society, we must practice cooperation over competition, people over profit, health of the tribe over hoarding wealth. If we don’t, then we are doomed as a species.
We can only hope that the richest among us choose to become prestigious philanthropists rather than greedy hoarders, but we should never underestimate human stupidity. Belief is a powerful thing. If the richest among us believe in the failed stories of our culture, then almost nothing will change their minds. Sometimes there are simply not enough cultural leveling mechanisms in place to keep them in check. And cognitive dissonance is one hell of a drug.
I'm not defending his sketchy actions. But when he said he'd donate money to solve world hunger, it was because someone claimed that elon musk could solve world hunger with 1% of his wealth, or something like that.
The second thought channel did the same attack on Musk, I commented about it and he just deleted my comment. I like the ideals of the left, but things like that, distorting facts, is why more people don't embrace the cause.
@@san5828 Yeah, it always bugs me when facts are distorted or taken out of context. I don't really fully identify with any political view because I'm mostly centralist. So when people cherry pick information to make their perspective look more appealing, it bugs me. Because not only is it disingenuous, it's also manipulative, which cause a butterfly effect of misinformation. Like a shitty game of telephone.
@@4shotpastas exactly
"Will that Bill stop Gates?" 😂
hey aperture, could you do a video on the increased cost of living? it’s so bad in my country right now
US?
@@mango11119 UK, but yeah the US is awful too 💀
@@wwaspy and to make it worse I'm in New jersey
Same in india increased cost of living and low paying jobs
Plus overpopulation problem oh God the world is so cruel 💔
make more money and stop complaining
Question: if a billionaire "donates" money to a DAF, can they get the money back? Because when I look in wikipedia article of DAF, it says
"They surrender ownership of anything they put in the fund, but retain advisory privileges over how their account is invested, and how it distributes money to charities. "
I think they can’t get it back on their name but can control it anyway
At the 5:30 mark , the key words I believe are "qualified charities", that money can go anywhere I guess but I didn't research this and its only guess work on my part.
They might be able to get the money back or their money's worth in another shape or form.
@@serbanmihnea2120 I've heard that in some countries it's possible to create a "charity" with the goal to ensure the financial well-being of your family. But if I remember correctly, you neither own the money nor do you control the money after you've given it to that "charity".
I wonder whether that kind of "charity" would qualify for DAF. If not, then we should keep an eye on the laws to ensure they stay this way^^
Man I learnt a lot today thanks to you.
It's funny... Some have likened Musk to the real life Tony Stark. I think the real life Lex Luthor is more like it. 😁
Awesome vid and very insightful. Thanks. 🤘
Lol. At least lex luthor is smart.
Id say musk is more like Justin hammer from the iron man movies. He was born into wealth and just pays other people to design and engineer stuff.
@@inquisitor_snake fax man
Thank you for your time on these videos
Trust me. If you keep making 2 videos per week, you will get 10 millions subs by the end if this year.
And burnt out... I would know
I am philanthropic through actions rather than pocket change. Large organizations like "Goodwill" "The Salvation Army" etc. tend to take a large majority of their donations to upkeep their hundreds of facilities around the world.
In the same breath, handing your pocket change to a homeless person on the street is not really helping them and will possibly be used by that person for drugs and alcohol rather than feeding themselves or their children. There are many "Homeless" that aren't even homeless. Some are con-men taking advantage of your guilt at not being in their shoes.
I am not saying there are not real people in need; there are thousands, even millions of people in need around the world. When I give anything to these people, it is by giving them a ride, or personally buying them a meal, or by volunteering at a clothing drive or a soup kitchen. I try my best to help, not just enable them to remain homeless longer.
I spent 6 months on the street myself. No home, no job, no hope. I met many others like myself, and the majority of them had given up completely and learned how to "Play the system" and to "Play people" to get what they wanted. 9 out of 10 of these people are content in how they live and playing on the guilt of others is how they get by day to day. In that 6 months I never met another person who was working to get off the streets like I was trying to do. It took me those six months of grueling labor jobs with daily pay to finally get a place to live and job that payed every 2 weeks while still being able to eat and bathe daily. It can be done; but many do not want to do it.
Poverty is a business - Winky D🇿🇼
Excellent video! You hit the nail on the head.
More amazing videos. Always so well done here
Aperture, You are the hero we need!
8:54 dont want to be thst guy but the child morality caught me off guard
The only think I am charitable to is my time to organizations or volunteering and or money or food to the homeless on the streets which goes directly into their hands. That helps infinitely more than rounding up your bill giving pennies to some Uber corporation that claims the money will go to the right people
Behind every great fortune is a crime.
Good one! Do you recommend reading that Dark Money book?
the only way for society to actually prosper is to give up greed. to just let it go. to not grab the 20 sitting on the ground because it be better off in a homeless man's hands than mine. though not everyone is taught how to live life to live in this modern society, that should not discourge us from giving those who wish to change or work a chance to do so. this American dream may be fading. falting in the way of the world's order, but one thing is certain if we don not find a way to work together, we will only rip eachother apart.
it may be natural to better yourself for tomorrow, but better to live like I will die today than be scared to walk today in fear of starving tomorrow.
You shouldv'e talked about the greatest philantrophist of all time
Sir Ratan Tata
from India
"Let me help you or you'll drown mr fish"
hey there, really enjoyed the video - I would love to get these as audio only, are you on audea?
Thank you
An effective graduated tax system in which absurd wealth is taxed at a higher rate, with loopholes closed will solve so many of our problems.
Only if it's world wide.
It may solve some things, but on the flip side, even if these billionaires gave the money they donated to the government for taxes, I wouldn't trust the government to use that money efficiently. 2/3 or more will be funneled into maintaining the bureaucracy, while only a small fraction would be actually used to do good. Look at the Homeless Industrial Complex. In 2021, the federal government spent 51 billion dollars to "solve" homelessness. That's $92K per homeless person (550k homeless people in the US)... In Fiscal Year 2022, California budgeted 12 billion dollars for homelessness. That's $74K per homeless person (161K homeless in CA)... In FY 2020, San Francisco spent 852 million dollars on a population of 8000 homeless people for a whopping $106.5k per homeless person...
Imagine if you just GAVE that money directly to homeless people. That would single handedly solve homelessness. These government bureaucracies have no incentive to actually "solve" homelessness because that would put them out of a job. In a nutshell, the incentives to solve homelessness are not aligned with the goal of actually solving homelessness. That's why its an INDUSTRIAL COMPLEX (same mechanism behind the military industrial complex, the military is not actually incentivized to keep the peace but actually look for war) and continue to perpetuate homelessness. These departments are also not incentiviezed to use the money they get efficiently - most departments have a lot of money left over at the end of the fiscal year that they wastefully spend in order to ensure they get the same amount allocated the next year. It incentivizes initiatives and projects that are good for publicity, but lack any real effectiveness and are often wasteful without much oversight. Centralized government spending creates a highly inefficient allocation of resources and oftentimes do not actually solve things that they wish to solve.
Philanthropy has their issues, but taxes and government spending have their own problems as well... I don't actually know what the solution may be. Either philanthropists need to have tax loopholes closed and be more transparent and targeted with their donations OR government needs to figure out a way to allocate their resources more efficiently and align their incentives better (in a way that mirrors resource efficient free market incentives).
Trust carefully and genuinely consider who you give money to.
"Somebody gotta tell me, why I ain't got SHIT!" - Napoleon
"It's a Big Club. And You ain't in It. You and I are not in The Big Club".
I just want to say that we want to know how you make your video from beginning to end
Your Videos Are Intriguing I Like it Very Much
that's why I just give straight cash in hand to an individual then again that's probably why I'm fucking broke
Only 46k views. This shit needs more views.
I had to wait till I was in the mood for this very sobering video essay... money is twisting, rotting, manipulative power... its shown how disappointing humanity can really be
Money isn't the problem, money is a tool, humans took advantage
this comment is just proof that you definitely dont have money; You have such ugly perception of money
yo this is like johnny harris vibe but instead of maps its like ideas
Thanks you.
Could u please give your sources... Nor in the website or in the video (desc., Comments) they are shown ...
The truth is that so long there is capitalism there will always be poverty, capitalism just like any other economic system is one that dictates how resources should be distributed in society and seeing that poverty is a state in which an individual is in due to the fact that they don't have resources it seems to me that if you want to end poverty you change capitalism. The question is are we willing to change it and the answer is no from the way things are.
Capitalism doesn't dictate resource allocation, why do you think that? In capitalism you buy available resources then make a product and if it is useful then people will buy it. And if nobody buys, it means you allocated resources badly.
@@TheKrzyy Those are markets, capitalism is just the mode of production, which is privately owned. This is the issue with people understanding of economics they equate markets with modes of production and ideologies.
the issue with capitalism is that it makes people and companies value profit above all else. when everyone puts their own profit as their highest priority, all the social issues naturally follow as a result.
I won't say capitalism doesn't have issues but it's definitely one of the better systems out there
@@ace2311 are you sure about that? i am very skeptical of the idea that capitalism is even one of the "better" options. a lot of the arguments people use in support of capitalism do not really seem to reflect the reality of it.
Just what I needed, thanks man
George Peabody invested in housing in London and built so much social housing in England (London) for the working class/poor
Aperture: philanthropy won’t save us
Mr Beast: 🤨
No wonder every time I have reached out to a philanthropist I have been ignored. They don't care about helping people, they just want to avoid paying their fair share.
Great topic
Your best video imo.
pure content straight into my bloodstream mmmmmMMMM
U high dude?
Excellent content.
I love that you have been putting up more videos lately.
Btw I can't wait for a piece on the billionaires and the benefits/disadvantages for the 99.99% of us.
Excellent video 👏 👏 👏
Oh man, I wish I was a billionaire. Then, I will save the world!
This video just got me thinking about Mr.Beast again
So do they get the money back out of the DAF? Im not getting how it’s a scam. I believe you, I’m just not making the connection.
A lot of people believe that the intent matters a lot. For example, a lot of people believe Mr. Beast is amazing for how much charity he does. I agree he does a lot of good, but that good doesn't matter in the grand scheme of things.
Charity is a band aid solution, it doesnt fix problems, it simply allows them to continue to exist for longer.
I know that we understand this , and there are people like us who can see grey between black and white but the majority of people can't see the gray and are looted by power.
Well, no, not really. It can also provide opportunities to people. I know many people that used charitable donations to turn their life around during tough times. It really isn't black of white, but of course we can't analyze each situation independently as well.
Even detective agencies give up once they witness the genius evil web constructed by rich to control flow of wealth. It's not a good sight ☺️
Damn you blew the elon vs united nation twitter back and forth out of context man
When is humanity finally going to wake up and purge itself of this repulsive tapeworm?
If you want to get rich, focus on creating value to the market, then the money itself will flow in, Value itself is the symbol of money you are making, a fellow creator,..,.,.,.
can you make a video on the ethics of a billionaire
What’s the background music?
Stop waiting for a savior and victimising yourself, save yourself.
Nice "Bill Gates" pun at the end.
You aren't aware of Tata Trust and their charity.
Ask yourself: would you rather be a typical hero who earns power and hoards it; or a prestigious hero who earns power and expiates it?
Put in another light: would you rather be the hero hunter who hoards all the meat while the rest of the tribe dies, or the prestigious hero hunter who keeps the choicest meat for his effort but then shares the rest with the tribe so it doesn't starve?
Then ask yourself: in which way is my conscience clearer?
Excellent video in regard to exposing the abuse of modern Philanthropy but this just outlines the problem with Capitalism, if Philanthropy isn't going to decrease the wealth gap because of the obvious greed of the rich then how can anyone trust them to actually be Philanthropists? All this tells me is that Capitalism has failed, and the concept of the ultra-wealthy needs to be done away with.
I love your channel 💙
Very Nice
But would that bill stop Gate?
Ok so WFP said they could solve world hunger with X amount of money. Musk said prove it. Then WFP said well, not technically solve world hunger just Y amount of people will be helped. So, you kinda told half the truth there.
There is no back.
Words are coined and coins are minted.
so...basically they ARE like Bruce Wayne, who, when as Batman, battles the criminals that his lack of actual public service engenders.
This is depressing
The sad thing, is that we could win. Just about everyone is lazy or too worried about themselves to think about how bad the future will be. It may seem irreversible but it's not. Soon it will be though if we don't stand up for ourselves instead of saying "Sure I'll do more for less..." or "I'll take a buck less to do it!". It's just sad how the millions and millions of us literally let this happen... So do your part, don't vote. FIGHT. We need to show the rich that without us working, they will fail. Last I checked, money doesn't have the limbs required to do most of the jobs out there. We are needed to make them rich. Yea, it'll be bad on us for sure but in the long run, we will win. But if we keep waiting, then we wont win. If you think the army can stop us, just remember what the government does to them one their time in the service is up. They are here to protect the freedom of America. Most of the people in our government are traitors towards America and they wont be stopped until we actually take our freedoms back. Forget about peaceful protests, forget about voting, and absolutely forget about being silent because none of it works.
Remember it is only legal till everyone does it. 😊 let everyone open a charity fund and apply for deduction. Soon tax will be historically low only for them to fix this against common people.
Rich people only care about themselves.. look around you.
I just realized your channel's name is the name of my favorite company ever built
It's the wealthy who need their souls saved. Even most charities do very little for the poor. Because Billionaire CEOS use their own charities to steal from those they claim to help. They may say that your purchase helped pay for 10 meals but a volunteer told me that they use old non perishables donated to churches and food pantries.
I always give directly to the homeless. In fact many second hand stores sell your stuff and give mere pennies to those they claim to help. One homeless program was taking donations from their shelter and selling them at their restore, instead of handing them out to homeless directly.
A lady I know went shopping at a restore and saw her clothes hanging on the rack with price tags. Nobody who was homeless got her donation.
The CEO of the charity was making almost a million dollars a year too.
The poorest among us, including the prostitutes and drug addicts will enter the kingdom of Heaven before any of the rich will. Jesus said, " It is easier for a camel to enter through an eye of a needle, than it is for a rich man to enter the Kingdom of God."
Make a vid of why good and evil don't exist
I beg to differ. Richard Heart ❤️
hmm why do i need saving?
You’re video are great sir for me to sleep
They don't save us, they don't have to, they are not obliged to. Simple
The real question is why would they?
Instead, they plan to colonize solar system.🌝
Don't donate them, just give them a job