2:54. If he made the point with ciggarettes or healthcare, THERE the consumer takes up MOST of the tax. If they do it for pepsi, the COMPANY takes most of the tax. The reason is this: a ciggarette addict WILL buy ciggarettes, even if it costs them an arm, a leg, and a kidney. However, if you increase the price of pepsi, people will buy an alternative instead. Basically it comes down to price elasticity. An elastic good will put the cost on the producer. An inelastic one puts it on the consumer. Stuff I learnt in ECON101
10:00 Well you are right that if you make 2% interest and the inflation is also 2% that you won't make "profit" but it's not true that your money just sits there. let's say you had 100k in money, and didn't do anything with it, you would lose 2% due to inflation. If you had invested that money into a 2% return bond, your money keeps it value over that year, so its kind of a safe keeping. No profit are made but the money you DIDN'T lose that year (due to inflation) is your "profit". But yeah I see what you were trying to say. Your teacher saying "ez 2% every year no downside" is kinda dumb. Also nice video as always, very entertaining! Love the yapping forst videos, feels like a podcast at the same time xD
It's a difference portraying it as safe keeping Vs portraying it as making profits though. There's a big difference between the two and from what I understood he never taught anyone how inflation devalues their money, which, even if you assume everyone knows, you should teach anyways
@@olegoleg258 yeah, pretty annoying how he's a financial literacy teacher for high schoolers but just kinda doesn't do terribly well. My econ teachers were great.
Some of the stuff is a bit silly, like him saying he is surviving off of a teacher's salary meanwhile he is making a lot of money, but the call/put option stuff was just straight up dangerous. As an average person, buying options is absolutely a stupid idea. It will never ever be worth it in the long run and is literally gambling. There is always an institution selling you these options, and they sure as hell know more about this than any person by themselves. They wouldn't sell it to you if you wouldn't lose money on it. Absolutely stupid, worst advice I've heard.
Sounds like he's in that pay band where people don't realise how well off they actually are. The kind of people who genuinely believe they're struggling when they have to buy the slightly cheaper brand of designer jeans.
Yea previously when I had history lessons my history teacher just had the worst takes in history, he even gets a lot of things wrong, first day of school, he went “kaiser means king” I told him no it’s emperor, he goes “doesn’t matter, emperor and king same thing” if you know anything with history, real big distinction between the two, loads of wars over it There’s also other stuff that’s a lot more nuanced and he just made generalist statements like they’re absolutely correct, when I told my classmates how wrong he is, they were surprised that he’s wrong.
... Bro that rant is something else. First off, the teacher's explanation may have been overly simplistic, but his point was that all costs are ultimately paid by the customer. There may be many products and industries with a high enough profit margin that the businesses may reduce that margin for an increased sales volume, but most everyday goods have very thin margins already (grocery stores famously sit between 1 and 2%). No company is staying solvent by pricing all their goods below cost, no matter how many they can sell. His explanation is good enough unless he wanted to talk about a specific tax which would limit the conversation to a specific good. Second, $130k/yr in CA could be anything depending on where specifically he has to live, but that isn't even the whole story. You said that was "pay and benefits". By that metric, I make $120k/yr outside CA. Sounds pretty good right? Well, $32k of that is non-monetary benefits, like the value of the portion of my health insurance plan covered by my employer (this is not cost, because the employer can negotiate a discount from the bulk of policies they are bringing to the healthcare provider). My actual pay, less the nebulous benefits, is $86k. Still pretty good, right? Well, I also work for the state (again not CA), and there's several mandatory deductions before I see a dime. Payroll taxes are about 7% for everyone who has to think about a budget, but I also have to pay into the state's pension fund, at 12.5% of my gross. There's also MY portion of the health insurance plan, which may be a good plan, but it still costs me about 6%. I haven't even thought about income tax, and I've already lost 1/4 of my 'on paper' pay. There's also a few other deductions for life insurance and disability insurance,... adult things you only start thinking about when you have a family. All said and done, the checks that hit my bank account total just under $60k/yr. I wish that was a lot, but the bills eat it up fast. I don't imagine that your teacher has it much better off than I.
His teacher is making good money even if he lives in San Francisco or LA. Sure the government takes a huge cut and cost of living is terribly high but 130k is pretty high too. Unless he is living in Beverly Hills he’s doing alright. Besides that you’ve cherry picked a few points that could be argued for out of the numerous examples cloud gives that his teacher is a dumbass. Go all in real-estate (what is 2008), buy CD’s because it’s 2% not matter what (you almost certainly lose value due to inflation), buy individual stocks and do your own trading (I would never recommend anyone doing that but especially an 18 yo with no clue what an option is)… etc the teacher should stick to football. Sounds like he might actually know what he’s talking about there lol
@@Kabubi_Habibo You are straight ignoring what I said if you keep parroting the "$130k" like it is meaningful. Again, that includes the employer portion of health insurance plans (and other non-monetary benefits), which even the IRS doesn't consider income. It's grossly overinflated. I can't speak to the rest, as that's about where I stopped watching the video. I don't doubt his teacher may be an idiot, but that doesn't make Cloud's bad arguments somehow more valid.
@ I’ll concede, looked into a bit more… California is absurd. I just lived in Honolulu Hawaii and $130k was definitely livable there. Expected Cali to be about the same but nah it’s worse lol
Depreciation, inflation and buying power are all parts of the interplay of the fields of economics, marketing, sociology and thus are complex. Sounds like your teacher is approaching or is attempting to approach the subject on a purely theoretical plane thus not actually contending with the real thing but rather its governing principles and not trying to insert his values beyond his preference of people making informed decisions rather than not. Good work Cloud, sounds to me like you're starting to grasp the curious part of it.
Bro really threw the game cuz he had to focus on yapping about how much he dislikes his economy teacher /j But for real, from what I heard he basically just really wants attention and to be seen as good and cool without a care for the people. Liking Elon musk just reinforces that point, and the fact that he is feeding incomplete or half true information, which is at times even more damaging than entirely false information, really portrays him as someone I wouldn't want to have as a teacher. If a single student can say how wrong he is, then he really doesn't know enough to be a teacher - or intentionally twists the information
My mom was a teacher in small towns in texas as i was growing up. We were POOOR. There were several times all we had to eat for dinner was bowls of beans with ketchup. We werent ever homeless. But we walked a line
Many of my college professors, especially men, are quite high on themselves. I had a philosophy professor who made a mistake on an assignment and when I pointed it out over email, he tried to turn it around on me and make it my fault. Ironically he committed multiple fallacies in order to show I was wrong and he was right like it was a contest. He taught about fallacies and philosophical argument and I used it against him. Anyways, I laid into him on the student feedback report claiming he had narcissistic personality disorder (I'm a psych major) and used evidence per the DSM-5 to back it up. The report is anonymous, but he knows it was me, and hasn't looked me in the eye since. Served cold.
Honestly, this teacher sounds like an opportunity. If he really does have all the claimed connections, this can be a easy introduction into the wealthy world, all youve gota do is get on his good side, drop a few things you might want to do and try and piggyback off of him. And many of his point are valid. Just not from a workers perspective but from a wealthier perspective. Where you have a good amount of bad weather money and good connections. Franchising is easy. If you have the right knowledge. Which you find in rich familys.
He learnt some vague facts from his parents/family when he was a kid, they helped him out getting his job and then he never learnt anything new, so he just regurgitates the same way out of date tales and probably heavily doctored stories to boost his own ego it sounds like. One of the worst kind of teacher, our math department at school had so many teachers like him.
Never take financial advise from a gym teacher. Or any high school teacher really. Teachers live in a bubble. They go to school, they go to college, then they came back and teach. They usually have zero real world experience. You’ll look back on your teachers someday and view them as the small people that they were. And that’s doubly so if he thinks Elon is to be admired. Intelligence , knowledge, and wisdom are separate things. You can have the fastest computer on earth, it’s worthless if you only run bad programs. There’s a reason why Elon has nothing but failed marriages and children who hate him
tbh it just sounds like you should call him out on it and see how he takes that the other peeps in class don't seem to know a thing about the class itself so you might actually teach them a lot
2:54. If he made the point with ciggarettes or healthcare, THERE the consumer takes up MOST of the tax. If they do it for pepsi, the COMPANY takes most of the tax. The reason is this: a ciggarette addict WILL buy ciggarettes, even if it costs them an arm, a leg, and a kidney. However, if you increase the price of pepsi, people will buy an alternative instead. Basically it comes down to price elasticity. An elastic good will put the cost on the producer. An inelastic one puts it on the consumer. Stuff I learnt in ECON101
Also, it seems your teacher has a really, REALLY boomer mindset.
cloud in 2 years: bankrupcy
this but with a T where it's supposed to be
@@-NGC-6302-bankrupcy
Drunk rocket flying along the core and someone hit it with a cannon shot and the splash damage is barely enough to kill the core
Cloud: ok, thank
bro fr on the AP class stuff, i dont want to struggle in an AP class but the standard class i just full of dumbasses
10:00 Well you are right that if you make 2% interest and the inflation is also 2% that you won't make "profit" but it's not true that your money just sits there. let's say you had 100k in money, and didn't do anything with it, you would lose 2% due to inflation. If you had invested that money into a 2% return bond, your money keeps it value over that year, so its kind of a safe keeping. No profit are made but the money you DIDN'T lose that year (due to inflation) is your "profit". But yeah I see what you were trying to say. Your teacher saying "ez 2% every year no downside" is kinda dumb.
Also nice video as always, very entertaining! Love the yapping forst videos, feels like a podcast at the same time xD
It's a difference portraying it as safe keeping Vs portraying it as making profits though. There's a big difference between the two and from what I understood he never taught anyone how inflation devalues their money, which, even if you assume everyone knows, you should teach anyways
@@olegoleg258 yeah, pretty annoying how he's a financial literacy teacher for high schoolers but just kinda doesn't do terribly well. My econ teachers were great.
Some of the stuff is a bit silly, like him saying he is surviving off of a teacher's salary meanwhile he is making a lot of money, but the call/put option stuff was just straight up dangerous. As an average person, buying options is absolutely a stupid idea. It will never ever be worth it in the long run and is literally gambling. There is always an institution selling you these options, and they sure as hell know more about this than any person by themselves. They wouldn't sell it to you if you wouldn't lose money on it. Absolutely stupid, worst advice I've heard.
Sounds like he's in that pay band where people don't realise how well off they actually are. The kind of people who genuinely believe they're struggling when they have to buy the slightly cheaper brand of designer jeans.
Nice rant very relatable to my teachers. Especially with the teacher telling story’s
15:25 the cannon shot going right through the enemy
Yea previously when I had history lessons my history teacher just had the worst takes in history,
he even gets a lot of things wrong, first day of school, he went “kaiser means king” I told him no it’s emperor, he goes “doesn’t matter, emperor and king same thing” if you know anything with history, real big distinction between the two, loads of wars over it
There’s also other stuff that’s a lot more nuanced and he just made generalist statements like they’re absolutely correct, when I told my classmates how wrong he is, they were surprised that he’s wrong.
... Bro that rant is something else.
First off, the teacher's explanation may have been overly simplistic, but his point was that all costs are ultimately paid by the customer. There may be many products and industries with a high enough profit margin that the businesses may reduce that margin for an increased sales volume, but most everyday goods have very thin margins already (grocery stores famously sit between 1 and 2%). No company is staying solvent by pricing all their goods below cost, no matter how many they can sell. His explanation is good enough unless he wanted to talk about a specific tax which would limit the conversation to a specific good.
Second, $130k/yr in CA could be anything depending on where specifically he has to live, but that isn't even the whole story. You said that was "pay and benefits". By that metric, I make $120k/yr outside CA. Sounds pretty good right? Well, $32k of that is non-monetary benefits, like the value of the portion of my health insurance plan covered by my employer (this is not cost, because the employer can negotiate a discount from the bulk of policies they are bringing to the healthcare provider). My actual pay, less the nebulous benefits, is $86k. Still pretty good, right? Well, I also work for the state (again not CA), and there's several mandatory deductions before I see a dime. Payroll taxes are about 7% for everyone who has to think about a budget, but I also have to pay into the state's pension fund, at 12.5% of my gross. There's also MY portion of the health insurance plan, which may be a good plan, but it still costs me about 6%. I haven't even thought about income tax, and I've already lost 1/4 of my 'on paper' pay. There's also a few other deductions for life insurance and disability insurance,... adult things you only start thinking about when you have a family. All said and done, the checks that hit my bank account total just under $60k/yr. I wish that was a lot, but the bills eat it up fast. I don't imagine that your teacher has it much better off than I.
His teacher is making good money even if he lives in San Francisco or LA. Sure the government takes a huge cut and cost of living is terribly high but 130k is pretty high too. Unless he is living in Beverly Hills he’s doing alright.
Besides that you’ve cherry picked a few points that could be argued for out of the numerous examples cloud gives that his teacher is a dumbass.
Go all in real-estate (what is 2008), buy CD’s because it’s 2% not matter what (you almost certainly lose value due to inflation), buy individual stocks and do your own trading (I would never recommend anyone doing that but especially an 18 yo with no clue what an option is)… etc the teacher should stick to football. Sounds like he might actually know what he’s talking about there lol
@@Kabubi_Habibo You are straight ignoring what I said if you keep parroting the "$130k" like it is meaningful. Again, that includes the employer portion of health insurance plans (and other non-monetary benefits), which even the IRS doesn't consider income. It's grossly overinflated.
I can't speak to the rest, as that's about where I stopped watching the video. I don't doubt his teacher may be an idiot, but that doesn't make Cloud's bad arguments somehow more valid.
@ I’ll concede, looked into a bit more… California is absurd. I just lived in Honolulu Hawaii and $130k was definitely livable there. Expected Cali to be about the same but nah it’s worse lol
Depreciation, inflation and buying power are all parts of the interplay of the fields of economics, marketing, sociology and thus are complex. Sounds like your teacher is approaching or is attempting to approach the subject on a purely theoretical plane thus not actually contending with the real thing but rather its governing principles and not trying to insert his values beyond his preference of people making informed decisions rather than not.
Good work Cloud, sounds to me like you're starting to grasp the curious part of it.
kudos to you Cloud! Here is also pro tip :D you can upgrade battery's when overdrive.
Bro really threw the game cuz he had to focus on yapping about how much he dislikes his economy teacher /j
But for real, from what I heard he basically just really wants attention and to be seen as good and cool without a care for the people. Liking Elon musk just reinforces that point, and the fact that he is feeding incomplete or half true information, which is at times even more damaging than entirely false information, really portrays him as someone I wouldn't want to have as a teacher. If a single student can say how wrong he is, then he really doesn't know enough to be a teacher - or intentionally twists the information
this guy is the next Technoblade but instead of English major, he has Finance major
Technofort
My mom was a teacher in small towns in texas as i was growing up. We were POOOR. There were several times all we had to eat for dinner was bowls of beans with ketchup. We werent ever homeless. But we walked a line
The amount of doors on top base is insane
Cloud, you are more financially literate than my friends who are business majors
“hello and welcome to…well, financial literacy”💀
If that teacher was German, I can guarantee you he would vote for the FDP.
if you don't mind me asking, why did you private the last video? on another note i got just got forts because of your content
likely politics or something
it got youtube kids
average pay for teachers across the board in the us is quite an overgeneralized statement... in missouri its like 46k annually
Never apologize for being smarter than idiots. Don't be a prick about it, but never apologize
Many of my college professors, especially men, are quite high on themselves. I had a philosophy professor who made a mistake on an assignment and when I pointed it out over email, he tried to turn it around on me and make it my fault. Ironically he committed multiple fallacies in order to show I was wrong and he was right like it was a contest. He taught about fallacies and philosophical argument and I used it against him.
Anyways, I laid into him on the student feedback report claiming he had narcissistic personality disorder (I'm a psych major) and used evidence per the DSM-5 to back it up. The report is anonymous, but he knows it was me, and hasn't looked me in the eye since. Served cold.
Are we not going to talk about how top base had a howitzer with a bazillion doors?
Honestly, this teacher sounds like an opportunity. If he really does have all the claimed connections, this can be a easy introduction into the wealthy world, all youve gota do is get on his good side, drop a few things you might want to do and try and piggyback off of him.
And many of his point are valid. Just not from a workers perspective but from a wealthier perspective. Where you have a good amount of bad weather money and good connections. Franchising is easy. If you have the right knowledge. Which you find in rich familys.
He learnt some vague facts from his parents/family when he was a kid, they helped him out getting his job and then he never learnt anything new, so he just regurgitates the same way out of date tales and probably heavily doctored stories to boost his own ego it sounds like. One of the worst kind of teacher, our math department at school had so many teachers like him.
Wait! The last guy died because the cannon exploded the nuke close to the core?!?!🤯
Never take financial advise from a gym teacher. Or any high school teacher really. Teachers live in a bubble. They go to school, they go to college, then they came back and teach. They usually have zero real world experience. You’ll look back on your teachers someday and view them as the small people that they were. And that’s doubly so if he thinks Elon is to be admired. Intelligence , knowledge, and wisdom are separate things. You can have the fastest computer on earth, it’s worthless if you only run bad programs. There’s a reason why Elon has nothing but failed marriages and children who hate him
Sounds like your teacher needs to educate themselves on survivorship bias
Man I’m the same age as you and I feel so inferior rn, I thought I was smart ;w;
I could do so much with 300k.
It would let me get a huge start on a homestead and grant me the ability to work for myself.
300k is a lot where i live, with 300k i can be unemployed for 25 years
Who starts a conversation like that i just got here
Are teacher salaries that high in california or does he count to the upper class of payments because 130k a year for a teacher is crazy
tbh it just sounds like you should call him out on it and see how he takes that
the other peeps in class don't seem to know a thing about the class itself so you might actually teach them a lot
Litaraly teaching kids that simplified financial advice is SUPER dangerous and you should not just listen to it, would probably be better
21:44 ya your canceled buddy
Teachers aren't government employees.
500. Cigarettes.
What happened to the video form 2 days ago? I saw it but can’t find it now
Gone,
🗿
Ur too mature to be in high school
Talking abt impressionable high schoolers lol
please do more ai controlled weapons
I want to see him T3 cannons in that
🫵👍
Man, yall californians make a lot of money......
And spend a lot of it. Cost of living in California is insane
sorry but you are wrong and he is right
when doing story time, dont gossip
Are we not going to talk about how top base had a howitzer with a bazillion doors?