Some of yall need to chill. The idea of turning down $100 million is largely based on the "lottery curse", where 70% of people who win very large sums end up destroying their lives. These discussions aren't to prove who has the better opinion, but to try and explore ideas and topics that we find interesting. Debating in the comments is more than welcome, but if you leave any reply attacking or insulting the hosts/guest you will be shadow banned.
Okay yeah but what if you won the lottery and used the money to make the holograms from the Yu-Gi-Oh anime real so I could play with real monsters and real magic. It would be a kinder and brighter future filled with more children's card games and also you would get sued into the ground because that's what happens when someone wins the lottery
Hello William. If I was given $100 million, I'd rather put it on cancer research because fuck cancer :) Don't let other people let you down as you're a great content creator and personally my favorite one
When he was talking about Tacobell and thinking he had accidentally ordered the more expensive item. That hit really strongly. "Oh fuck, oh no, I have to pay $3 extra dollars?"
But i bet the technology wouldnt be as prolific and attainable by average people. Much more controlled by a powerful minority than even todays gatekeeping rich
@@ac.creations me looking at most of the highest tiers of medical technology. Im not disagreeing btw. But the disparity is never going away in a democratic society.
@@kapil4973 He Jiankui might have done us a favor when he altered human embryos. Break the ice to acceptable levels of gene manipulation when nobody else dared. I think we can take our evolution into our own hands and get efficient with our biology. Improve lives dramatically.
As someone from rural Indiana, it is freaking hilarious hearing them say "yeah $300,000 is enough for a decent home" like bruh that will get you a mansion around here.
Yup average house here in the midwest is 120k or so, same for "utes" average used truck is like 3-10k at most not 100k, 100k buys a raptor. Otherwise even in this shortage a solid brand new truck is 35-50k.
@@cmac1100 to be fair acreage vary significantly from state to state. However building materials usually don't which is why when he said 200k it was a bit short sighted.
@@deathjunior7755 most people dont live in the midwest, where most people live, on the east and west coasts, houses are 300k easily, 120k will get you a shitty 2 bedroom condo in the ghetto, and i dont live in a place like nyc or la. just a normal suburban area an hour away from dc. i agree on the car i havent seen any normal car go anywhere near 100k, only brands like ferrari and lambo go that high
Goddamn, this whole conversation makes me realize how fucked my perspective is from poverty. The three people that live in my house total we make something like, $3k a month.
Nigel is SO relatable. Like I get in to something fun and do it for a few months, maybe a few years, and then it’s time to move on and figure out the next hobby.
I kind of wish they spent more time talking about IDAT and what he does and then cut into the politics/money debates, because he's such a strange man and I want to know more about him- Just seems like wasted opportunity
California is one of the most expensive places in the country. Living in Illinois I can tell you that with 100,000 a year you could live an incredibly nice life in a very nice house with several nice cars.
Not just that, he lives in LA. One of the 2 most expensive cities in the country. You don't need to live in the boonies, in Minnesota you can get a nice house within 10 minutes of downtown Minneapolis for $250k.
"The only way to become a billionaire is by the mass exploitation of people, so why would you give your money back to social causes?" is my new favourite quote
@@supersam5802 define damage. The original question was about how to make billions without exploitation of people. It's easily accomplished through ethical business practices and purchase of precursor materials. If I literally ground an uninhabited island into play sand it would still fit all the initial requirements. Having employees is in no way exploitation as employment is at it's core a voluntary contract to sell your time to someone willing to use it.
William was like "You need 100K$ a year for minimum living standard." I was like wow... It only take 30-40K$ a year to live that kind of standard (more than minimum) in my country.
I mean...that used to be what normal people were paid adjusted for inflation so he's not wrong. We should all be demanding 100k, but it seems unreasonable now because the wage cuts hidden behind inflation has completely fucked over everyone.
It's less that and more "does one really NEED 100 mil". Not a new idea. There have been studies, that concluded that past a certain point, where all of your necessities are covered, its influence on happiness drops off dramatically. Money doesn't buy happiness, but it removes a lot of stress. Will is advocates for communism. Good job, Will.
7:18 The controversy isn't that billionaires are wasting their money by recreationally going to "space", it is that they are doing shit like this instead of paying their fair share of taxes or having policies where their employees receive wages they can live on.
Billionaires are making huge profits during a period where many of the people working in their companies are getting evicted from their homes or are struggling to support their families. While that is happening, they are making a huge public spectacle about debatably "touching the edge of space" in their expensive new aircraft... Like, use that money to increase pay for people who are debating whether to feed their families more or freeze this winter.
Just open the show with everyone's name and youtube channel, its that simple. "Today we have Nigel from NilesRed, Kevin from BackyardScientist, and a handsome guy."
man, Will's idea of how much stuff costs is so incredibly skewed from living in cali. I make less than $50k/ year and i bought a 2,000sqft house on 3 acres of land for $100k - 20% down payment so my mortgage was only for $80k. my mortgauge payment is only $350/mo, + $1,200 /yr home insurance, + $4,000 yr prop taxes so just under $800/mo
Yes but, TBF, you must live in a very low CoL area. 100K for a 2000 sqft house in good repair is nearly unheard of nationally. I live in a city near the national average and 100K will get you a small house in disrepair. The median home cost in 2021 is $291,700. I live in a city near the national average CoL and 100K is far more than I need. I made a weighted average of 75K for 7 years since graduating, paid off all my college loans, and nearly could have purchased my house outright (though it made more sense not to do so, given the interest rate). My friend and his wife make slightly less than 100K together, but didn't have any college debt, and snagged a good deal on a foreclosed house, but now own their home outright in a higher than average CoL city and have 0 debt.
yeah 100k -150k is what I've always grown to see as a normal upper middle class home myself. Like private schools nearby, money to go out to dinner a couple times a month, a car for every parent rich nationwide though 320,000 is the average somehow and still blows my mind
@@rextigerstar It’s the same in Canada. A suburb or otherwise along a highway to a decent sized city is similar to what you find in the Midwest. It’s a great way to get the income of a job in that city, build your worth in a career, and sell a home you’ve paid a quarter into, to upgrade for yourself closer, or just bigger. Better if you teach yourself, or help out on your own upgrades. Buy at market low, sell at market high. The market cycles. And you can recognize it well enough.
There's a difference between going to space and going to space to _do something useful._ Bezos' endeavours count towards the former when you compare them against other private space companies.
But also they aren't burning paper money as rocket fuel. Those billions of dollars go to pay the scientists at SpaceX, the people working in manufacturing, the coders working on the rocket, the miners working on raw materials, etc etc.
When people are starving, they'll eat the rich. In the same vein, when people in your business can hardly survive, it's immoral to go for a joy ride to space.
Nine months later and I'm still amused at how William's perspective is so fully immersed in southern California. As a Midwesterner that moved to California, I can attest that other states can build houses for like 30 grand.
The house I live in sold for 30k lol, in kentucky, but not rural, I live in a town and my neighbors are literal 20 feet on each side or less. These high prices are really just tiny, land size, not population, parts of the country. The rest of the country is much cheaper than Will imagines.
For the vast majority of people, the IRS knows exactly how much you make every year and thus exactly how much you owe in taxes. They aren't allowed to tell you that number because of lobbyists from places like TurboTax that literally make it illegal for the IRS to help you prepare your taxes.
That's American capitalism for you. You owe the government money, but they won't tell you how much money, so they let businesses charge you money to figure out how much money you owe the government. It's literally a double whammy to the average American taxpayer, having to pay a company AND the government. You could argue that you can cut out the middle man and do your own taxes but unless you're a CPA/tax advisor or have very simple income and no itemized expenses then you're pretty much forced to use companies like TurboTax
Will mentioning that talking about money in public is complicated and at the same time saying that you have to live in LA or that you can't even build something for 90k is the most and least self awareness on the podcast
I think William hasn't branched out and realized you can live a more affordable life by leaving a major city like LA. But Will is referring to living the dream...while Nigel is referring to having low standards.
Y'all are right. No one can become a billionaire ethically. Becoming a billionaire requires a lack of empathy allowing you to exploit employee and consumer alike, and profit it all. Simply put, billionaires do no "work" the way a laborer does, they own, and profit from ownership.
no its that Bezos does what is logical for him both business-wise and for personal interest, this ends up as a bad situation and harmful, but its not bezos but the system that facilitates these actions into becoming what they are
Did you even listen to what he said? At all? He literally explained the SYSTEM is broken, there is nothing bad about someone taking advantage of a broken system other than the perceived moral wrongdoing by poor people who resent not being able to manipulate the system they live in to their advantage. Slave morality.
Man was this hard to listen to. Nigel saved this episode. Big Willy I think you need to branch out a bit and see CA for what it really is. Plz no shadow ban.
Fun fact about Ghadaffi’s son: In 2009 he and his wife were arrested in Switzerland for beating their two servants. In response, Ghadaffi arrested 2 Swiss businessmen, shut down Swiss companies and withdrew ≈$5 billon from his Swiss bank accounts. Additionally, he proposed a partition of Switzerland which would see its land split between Italy, Germany, and France.
"$2,000/month for a house." "$800/month for an apartment." As someone who lives in LA and rents a small bedroom from a slumlord for $875/month in a house with 7 other people...these kinds of conversations make me realize how much I need to get out of California. Apartments in my area are ~$1.5k-$2k for somewhere in a reasonably "nice" area without roaches and rats.
Lol, I pay 500 a month Canadian for my house (that's like.. 350? USD) and it's on 1/2 acre of land, 2 floors and a full basement. Bit rough around the edges, but as I live by myself it's awesome 😁
1.5k is pretty standard, I feel like, in the US for nice locations. I used to live in the colonial south, and 1k got me a 800sqf historic flat in oldtown, 5 minute walk from the boutiques and restaurants. $1.5-2K were the flats above those restaurants and boutiques. But yeah, if you drove an hour to the metro areas, that's pretty much where they started at.
$375 apartment in Iowa. The really nice thing about being in a cheap area for rent is you can afford to take whatever is close to work. So my commute is literally like 5 minutes.
@@kkknotcool I'm not sure where you're living in Iowa but I have a tough time finding anything under 800/month these days, and that could be for an absolute trash heap too.
Admittedly, I don't have expensive taste or high expectations, but I can genuinely do whatever I want for $40k a year(, except afford healthcare. If I had an illness, I don't think I could afford healthcare if I made $4M a year).
Yes, absolutely. Having lots of money is only as corruptive, and unethical as you make it. Otherwise, there's literally no downsides. Just don't live like a rich douchebag, that's all you need to do, easy.
Spending it helps the economy around you. If you’re going to restaurants and hire people to build and maintain swimming pools and tennis courts etc is creating jobs. If you just put your money in the bank then it only helps you.
I just think will is stuck in a specific mindset on the 100 mil discussion. He needs to think outside his current mindset, 100mil is a LOT but also not a lot, like Nile said, but it's enough to significantly improve maybe, your city or town. Or maybe change the course of a specific school district. Or you could do a Mr beats and set yourself up to make essentially infinite millions as you go, then you can siphon off way more than 100 million into actual people's lives to just improve people's lives at random with lots of smaller individual acts of charity. Like giving a poor person 10 million dollars may be problematic, but giving them 100,000 would be a lifechanging and manageable amount.
Can we rename this episode to “Australian man has mind blown after finding out you can buy a house for under $100,000 in parts of America rather than minimum 1.5 million dollars”
The $100k a year is truly the baseline, but a family is so expensive. I was making about $100k a year as a mechanical engineer in the US and I was very comfortable. I met a girl and gained a stepson and a biological son in a year. Its very expensive for all of them to live. Now I have to pay medical debt because the child was born, my wife’s kidneys began to fail, and I had a medical emergency myself all within the span of the end of the year and the new year, so our deductibles reset. Now I work two jobs to get about about $130,000 a year, all so that the rest of my family can feel like they can do whatever they want, live in a rented house, etc. Y’all analysis on the cost hits really close to home, especially considering the costs of daycare, etc.
I once read of a philosopher who said if the CEO of a company makes more then 20x the amount of the lowest paid employee the system of morally allowed control in society becomes too imbalanced for peace.
19:28 I live in one of the highest meth use per capita cities in the world, and one of my friends used to head the meth task force. he came to my school and actually showed the class how to cook meth because he thought it was important we know WHY its dangerous to cook. he also wanted us to know what a backpack lab looks like. i've run into a few tweakers with smoking backpacks over the years, and i knew instantly what they were doing and was able to get away from them. The knowledge is always better to have i think, and the sheriff's department thought the same thing. All the precursors are controlled anyway, so the knowledge isn't going to help you cook it really. Knowing the "street precursors" is important too so you can spot someone who is trying to cook and get away from them (or report them if they live next to you). I also had a college professor that used all of the ingredients to cook lab grade meth as homework examples. he never explained the joke, and only a few people caught on at the end of the year when we were doing math with methylamine as the example lol
I love this pod so much, I think someone said it before but every time I turn on a ep it's like being is a small club with good friends. Keep up the amazing work all!
Yeah...probably because they're not in a same room, but i really find interruption and not letting others speak to be really annoying. Nigel does this the best, but gets affected the worst. I also suffer the same fate as i always let others speak first... But then my words get lost.
I started buying cat shirts for my husband because William 😂 I got him one that says “ hello all you cats and kittens” and has a bunch of cats and kittens.
Is it weird that when I have a low balance in my bank account, I would be like “oh I want this and that” but when I actually have enough if not more money to actually get it, I’ll not want it anymore and just not spend the money. (Until I find something else that I didn’t even put much thought into it and go “take my money”)
Dude, i came up to listen thinking it would have just a comedic vibe, but all of the participants also have such interesting perspectives on all kinds of subjects, like captalism, human rights and stuff. I really like it. Btw, the Incidents in Brazil all hapenned in my state, and as they said, most people just don't have options other than keep linving their lives, or just try to survive. It's a really sad situation, and kinda revolting that the companies just kept doing their thing with minimal consequences.
The radio silence after William's cost of living assessment was so funny lol I get what he's saying, though, even if it's California-skewed. It's tough as an American, there's hardly anybody I know who isn't in debt. We live "comfortably" on a dual income of around $70k in TN, but can't afford to be spontaneous and take more than maybe one vacation a year. And I consider us fortunate.
My parents gave me two Sudafed every day with my allergy medication in elementary school. I remember the school nurse being surprised when I told her. Now I understand why lmao.
So when I was a high-schooler, and probably before that as well, I have noticed I did SO MUCH BETTER on tests/quizes when I was writing them while having a cold. My parents would force me to go to school unless I was bleeding from more than one orifice, so I'd just load on some cold medication and do it. And somehow the tests were super easy. About 10 years later I was diagnosed with ADHD, and seeing as medication for it is various stimulants, cold-medication choke full of pseudoephedrine was basically an additional cure xD
I relate to all of these opinions so much. I've had the same thoughts as Will of just figuring out exactly what number I need to hit, and then after that, who cares. But I also live my life like Nigel in the sense that I pinch every penny.
Something to consider about the whole billionaires to space thing is that the money spent isn't being burned, it goes to the engineers and workers and the people who provide the tools and supplies for the mission. Another argument is that this is a pioneering flight that could get space tourism started, another industry that can provide jobs to the economy
Yeah, but if they literally set fire to 8 billion dollars then everybody's money would at least be worth a bit more. And by employing engineers and stuff you really mean they took engineers off valuable projects in the economy to work on a billionaires toy rocket. I mean unless we have an engineer unemployment problem that seems like kind of a weak ass argument.
@@kkknotcool Like nobody else is using engineers in their shitty projects. You have to take pretty big leep to say everyone is working on more important stuff.
@@edarkmonster I'm sure less important engineering jobs have and do exist but it's a pretty low threshold to say your work is more important then a toy for a billionaire.
Really good to hear how Nigel money spending, I'm pretty much the same, I just don't spend much on trivial things for myself, it has to be really worth it in the long run. If I where to get lots of money I would try and find something that could influence things politicly in a meaningful way.
@@surferbro601 Oh yeah. just think about the "people who've seen PP" stat just rising and rising. Meth is also a carrier choice... not the best, but Nigel could pull off a breaking bad life story
![[#2024MAMA] BIGBANG (빅뱅) - 뱅뱅뱅 (BANG BANG BANG) + FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/EQsYfiPR9uM/mqdefault.jpg)
Some of yall need to chill. The idea of turning down $100 million is largely based on the "lottery curse", where 70% of people who win very large sums end up destroying their lives. These discussions aren't to prove who has the better opinion, but to try and explore ideas and topics that we find interesting. Debating in the comments is more than welcome, but if you leave any reply attacking or insulting the hosts/guest you will be shadow banned.
Hey William, I think you're a cool guy
Okay yeah but what if you won the lottery and used the money to make the holograms from the Yu-Gi-Oh anime real so I could play with real monsters and real magic. It would be a kinder and brighter future filled with more children's card games and also you would get sued into the ground because that's what happens when someone wins the lottery
Gasp hes gonna shadow ban my content (jk)
Hello William. If I was given $100 million, I'd rather put it on cancer research because fuck cancer :)
Don't let other people let you down as you're a great content creator and personally my favorite one
I love you Will, but living in California has hyper-skewed your view of the cost of things in America.
My man Nigel drank a gallon of milk every day. You can't bully someone that powerful
I used to drink like 1/2 gallon a day. Milk=good
GOMAD < Hotdog pocket
Can you imagine the calcium? His bones must be indestructible.
HE NEED SOME MILK
He is very mighty
Can't bully someone who drinks a gallon a milk a day
It's amazing that this podcast can bring people from so many different countries together; Australia, America, Canada...and Florida.
Florida is an another world
so Florexit?
@@hongkaipun1204 more like Floridone
Don't say Florida like that, some of us live amongst the Florida Men.
@@niclikescakes OH GOD THEY DISCOVERED INTERNET
Nigel is the Canadian hotdog pocket guy and the podcast wouldn't be the same without him.
fucking love nigel
I ADORE nigel in these
Would not watch if Nigel was not here
Agree with all of the above comments🙌
I relate to nigel at a spiritual level
Nigel continues to be the most relatable host of the podcast.
you forgot william
@@lens3973 I mean I don't watch William because he's good at what he does
@@lens3973 it’s his podcast though and that’s what most yt podcasts are
Nigel is a simple man. If he needs to drink a gallon of milk he does it in the shower
When he was talking about Tacobell and thinking he had accidentally ordered the more expensive item. That hit really strongly. "Oh fuck, oh no, I have to pay $3 extra dollars?"
I love how Nigel's only concern with teaching children how to make meth is that it'd be too boring
Really digging the start of the Dark Kevin Story Arc - "think of how far we would be without morals."
But i bet the technology wouldnt be as prolific and attainable by average people. Much more controlled by a powerful minority than even todays gatekeeping rich
@@ac.creations me looking at most of the highest tiers of medical technology.
Im not disagreeing btw. But the disparity is never going away in a democratic society.
@@kapil4973 He Jiankui might have done us a favor when he altered human embryos. Break the ice to acceptable levels of gene manipulation when nobody else dared. I think we can take our evolution into our own hands and get efficient with our biology. Improve lives dramatically.
We would have never made it out of the woods 40,000 years ago
Science without ethics is pure, with ethics scientific discovery is limited
Every episode Nigel gets closer to becoming my favorite person.
Will's inability to comprehend reasonable housing prices really highlights just how fucked up the housing market is in California
Not even just Cali, it's pretty much any higher density area in the US.
@@4473021 yeah our development and methods of construction is totally fucked up on a fundamental level
The backdoor scientist: Is the plant behind you real or fake?
Nigel: YES!!
it's "backyard scientist" but whatever
@@thiagomax9306 no it is backdoor scientist you little willy
pretty sure he said guess
Schrodingers cat
Nigels plant
He said guess. I know someome already mentioned it, but i want to say it again because of how wrong you are.
It's honestly hysterical how off base Will is on how expensive homes are elsewhere in the states
As someone from rural Indiana, it is freaking hilarious hearing them say "yeah $300,000 is enough for a decent home" like bruh that will get you a mansion around here.
Yup average house here in the midwest is 120k or so, same for "utes" average used truck is like 3-10k at most not 100k, 100k buys a raptor. Otherwise even in this shortage a solid brand new truck is 35-50k.
And the acreage 🤣 9 acres is a lot?!?! 🤣🤣🤣
@@cmac1100 to be fair acreage vary significantly from state to state. However building materials usually don't which is why when he said 200k it was a bit short sighted.
@@deathjunior7755 most people dont live in the midwest, where most people live, on the east and west coasts, houses are 300k easily, 120k will get you a shitty 2 bedroom condo in the ghetto, and i dont live in a place like nyc or la. just a normal suburban area an hour away from dc. i agree on the car i havent seen any normal car go anywhere near 100k, only brands like ferrari and lambo go that high
Can just feel Alex attempting to subtly point out the flaws in the system all the while Will is trying to figure out how to win at it
Man i love it when nileblue is on the podcast
Red
@Bill Howitzer sure
@@ReplicateReality Nilered is a lot different from Nileblue, don't get the two men confused
@@Dom-bm3jj lol
@@aendra6495 nile blue is a maniac
Goddamn, this whole conversation makes me realize how fucked my perspective is from poverty.
The three people that live in my house total we make something like, $3k a month.
Individually not so much. But all together, these fellows sound kinda intelectual.
Kevin helps
Lol
Nigel is SO relatable. Like I get in to something fun and do it for a few months, maybe a few years, and then it’s time to move on and figure out the next hobby.
So glad you had IDAT on! I only discovered his channel and “Boy Boy” like two weeks ago. I’ve already binge watched all of the videos….
It's such a great channel
@@UnderfundedScientist the humour and satire combined with the general theme of his videos are always hilarious.
Same lol, I did a double take scrolling past this thumbnail!
I kind of wish they spent more time talking about IDAT and what he does and then cut into the politics/money debates, because he's such a strange man and I want to know more about him-
Just seems like wasted opportunity
@@aendra6495 that's what i was thinking, i was excited to know him more but they "waste" the time :(
California is one of the most expensive places in the country. Living in Illinois I can tell you that with 100,000 a year you could live an incredibly nice life in a very nice house with several nice cars.
Not just that, he lives in LA. One of the 2 most expensive cities in the country. You don't need to live in the boonies, in Minnesota you can get a nice house within 10 minutes of downtown Minneapolis for $250k.
I live an hour drive from Dayton Ohio (near where Peter lives) and I can agree 100K is a lot!
As someone who also lives in Illinois, that seems false ...
I like the part where I Did A Thing did a thing
He did do a thing indeed.
Brooo same
Woah me too that’s so crazy
Isnt “A Thing” his last name? So you’re saying “I Did A Thing” did “A Thing?” Damn. That’s some hot mess I want to see!
@@archerdan9827 🤔😳
"The only way to become a billionaire is by the mass exploitation of people, so why would you give your money back to social causes?" is my new favourite quote
Correction: the easiest way to become a billionaire.
@@d3m0n54in7 how do you become a billionaire without mass exploiting people?
@@supersam5802 by selling an item that billions want to pay a dollar for. No exploitation necessary.
@@d3m0n54in7 how do you get enough material to make a billion of any product without causing damages
@@supersam5802 define damage. The original question was about how to make billions without exploitation of people. It's easily accomplished through ethical business practices and purchase of precursor materials. If I literally ground an uninhabited island into play sand it would still fit all the initial requirements. Having employees is in no way exploitation as employment is at it's core a voluntary contract to sell your time to someone willing to use it.
William was like "You need 100K$ a year for minimum living standard."
I was like wow... It only take 30-40K$ a year to live that kind of standard (more than minimum) in my country.
That’s just cause he lives in LA
I mean...that used to be what normal people were paid adjusted for inflation so he's not wrong. We should all be demanding 100k, but it seems unreasonable now because the wage cuts hidden behind inflation has completely fucked over everyone.
William Osman: "I would turn down 100 Million Dollars"
Also William Osman: "Why would I turn down an opportunity?!"
I never expected Nigel to have done more insane shit than IDidAThing just based on their videos
Guys what the FUCK i need my weekly Safety Third or I'll fucking turn INSIDE OUT
:-;
Nigel won me over with his Nile red channel and now, gosh, Nigel you are so real and relatable. Keep being you, you are so good
I think that Nile forgot to drink his milk before the podcast so he urged to chug it off-camera.
Wills argument against 100 mil summed up,
“It seems inconvenient”
“Why would you take the 100 mil if it wouldn’t change your life?” Uhhh why not then
He's the type of person who would take the 50 dollars a month instead of 100 million
It's less that and more "does one really NEED 100 mil". Not a new idea. There have been studies, that concluded that past a certain point, where all of your necessities are covered, its influence on happiness drops off dramatically. Money doesn't buy happiness, but it removes a lot of stress.
Will is advocates for communism. Good job, Will.
@@SomeThingOrMaybeAnother bad job*
"Phew close one"
Lmao Kevin is so low key funny af
7:18
The controversy isn't that billionaires are wasting their money by recreationally going to "space", it is that they are doing shit like this instead of paying their fair share of taxes or having policies where their employees receive wages they can live on.
Billionaires are making huge profits during a period where many of the people working in their companies are getting evicted from their homes or are struggling to support their families.
While that is happening, they are making a huge public spectacle about debatably "touching the edge of space" in their expensive new aircraft...
Like, use that money to increase pay for people who are debating whether to feed their families more or freeze this winter.
I absolutely love this podcast! Thank you so much for starting it!
I mean, he is just a milk blister at that point.
Why not just call him NigelRed?
Yes. We will rename him.
Great idea!
i think nilegel is better
or Mr. Red
Just open the show with everyone's name and youtube channel, its that simple. "Today we have Nigel from NilesRed, Kevin from BackyardScientist, and a handsome guy."
man, Will's idea of how much stuff costs is so incredibly skewed from living in cali. I make less than $50k/ year and i bought a 2,000sqft house on 3 acres of land for $100k - 20% down payment so my mortgage was only for $80k. my mortgauge payment is only $350/mo, + $1,200 /yr home insurance, + $4,000 yr prop taxes so just under $800/mo
Yes but, TBF, you must live in a very low CoL area. 100K for a 2000 sqft house in good repair is nearly unheard of nationally. I live in a city near the national average and 100K will get you a small house in disrepair. The median home cost in 2021 is $291,700.
I live in a city near the national average CoL and 100K is far more than I need. I made a weighted average of 75K for 7 years since graduating, paid off all my college loans, and nearly could have purchased my house outright (though it made more sense not to do so, given the interest rate). My friend and his wife make slightly less than 100K together, but didn't have any college debt, and snagged a good deal on a foreclosed house, but now own their home outright in a higher than average CoL city and have 0 debt.
yeah 100k -150k is what I've always grown to see as a normal upper middle class home myself.
Like private schools nearby, money to go out to dinner a couple times a month, a car for every parent rich
nationwide though 320,000 is the average somehow and still blows my mind
@@akamesama You got that near a major city in the Midwest view too. From that place you get to see how a property value can vary so wildly.
@@rextigerstar It’s the same in Canada. A suburb or otherwise along a highway to a decent sized city is similar to what you find in the Midwest. It’s a great way to get the income of a job in that city, build your worth in a career, and sell a home you’ve paid a quarter into, to upgrade for yourself closer, or just bigger. Better if you teach yourself, or help out on your own upgrades. Buy at market low, sell at market high. The market cycles. And you can recognize it well enough.
It's funny too because he also thinks that 100 million is a sum that allows you to do anything.
I love this podcast cause you never knew who will be on it, it's just a wild guess everytime.
This podcast is basically a list of my favourite scientific/engineering youtube channels.
Screw meth, I want to see Nigel synthesize LSD exclusively with non-restricted precursors.
There's a difference between going to space and going to space to _do something useful._ Bezos' endeavours count towards the former when you compare them against other private space companies.
But also they aren't burning paper money as rocket fuel.
Those billions of dollars go to pay the scientists at SpaceX, the people working in manufacturing, the coders working on the rocket, the miners working on raw materials, etc etc.
"Bezos wouldn't be excited about a tungsten cube."
"Well...we bought them from Amazon...so..."🤣🤣🤣
They got closer to talking about Hasan's house than Branson did to space
Big oof
no, man, not here too, please, I can’t.
I thought they were going to touch the subject when going over LA house prices lol
Houseanabi stun lock. Socialism is when no house. Reeeeeeeeeeeeeeee
@@garbagetrash2938 The amount of Americans suckling at the feet of "communist" televangelist that are ripping them off is sad and outstanding.
When people are starving, they'll eat the rich. In the same vein, when people in your business can hardly survive, it's immoral to go for a joy ride to space.
Nigel is 100% the best thing about this podcast
Nile "I almost OD on sudafed cause I had a cold" Red
Fucking love it
The interaction with Nigel is my favorite part on the whole podcast.
Nine months later and I'm still amused at how William's perspective is so fully immersed in southern California. As a Midwesterner that moved to California, I can attest that other states can build houses for like 30 grand.
The house I live in sold for 30k lol, in kentucky, but not rural, I live in a town and my neighbors are literal 20 feet on each side or less.
These high prices are really just tiny, land size, not population, parts of the country. The rest of the country is much cheaper than Will imagines.
Nigel in this podcast is a piece of gold :D
For the vast majority of people, the IRS knows exactly how much you make every year and thus exactly how much you owe in taxes. They aren't allowed to tell you that number because of lobbyists from places like TurboTax that literally make it illegal for the IRS to help you prepare your taxes.
That's American capitalism for you. You owe the government money, but they won't tell you how much money, so they let businesses charge you money to figure out how much money you owe the government. It's literally a double whammy to the average American taxpayer, having to pay a company AND the government. You could argue that you can cut out the middle man and do your own taxes but unless you're a CPA/tax advisor or have very simple income and no itemized expenses then you're pretty much forced to use companies like TurboTax
@@RogueShadowTCN Maybe more accurately the less complicated part of it, but it's literally the primary factor of determining income taxes.
@@OGPatriot03 because monopolies are *capitalising* on their position in the market, and maintaining that position using lobbyists.
You guys uploading these early in the morning is genius I listen to it once while I'm at work and then I watch the actual video again later that night
Will mentioning that talking about money in public is complicated and at the same time saying that you have to live in LA or that you can't even build something for 90k is the most and least self awareness on the podcast
I think William hasn't branched out and realized you can live a more affordable life by leaving a major city like LA. But Will is referring to living the dream...while Nigel is referring to having low standards.
This was the funniest and truest statement ever😂😂😂
Y'all are right. No one can become a billionaire ethically. Becoming a billionaire requires a lack of empathy allowing you to exploit employee and consumer alike, and profit it all. Simply put, billionaires do no "work" the way a laborer does, they own, and profit from ownership.
I feel like Will's argument boils down to Bezos is a fundamentally bad person and therefore you can't get mad at him for doing bad things
i mean its the strongest argument to not hate bezos
no its that Bezos does what is logical for him both business-wise and for personal interest, this ends up as a bad situation and harmful, but its not bezos but the system that facilitates these actions into becoming what they are
Rational egoism is perfectly logical
Did you even listen to what he said? At all? He literally explained the SYSTEM is broken, there is nothing bad about someone taking advantage of a broken system other than the perceived moral wrongdoing by poor people who resent not being able to manipulate the system they live in to their advantage. Slave morality.
@@NachozMan literally taking advantage of a broken system furthers the damage caused by the broken system.
I can't belive space tourism was a topic and no one brought up pollution :(
Man was this hard to listen to. Nigel saved this episode. Big Willy I think you need to branch out a bit and see CA for what it really is. Plz no shadow ban.
I'm going to start using the Nigel-William scale to demonstrate how in touch and relatable someone is based on this episode
Fun fact about Ghadaffi’s son:
In 2009 he and his wife were arrested in Switzerland for beating their two servants. In response, Ghadaffi arrested 2 Swiss businessmen, shut down Swiss companies and withdrew ≈$5 billon from his Swiss bank accounts. Additionally, he proposed a partition of Switzerland which would see its land split between Italy, Germany, and France.
bruh that's some colonial-era shit
"$2,000/month for a house."
"$800/month for an apartment."
As someone who lives in LA and rents a small bedroom from a slumlord for $875/month in a house with 7 other people...these kinds of conversations make me realize how much I need to get out of California. Apartments in my area are ~$1.5k-$2k for somewhere in a reasonably "nice" area without roaches and rats.
Lol, I pay 500 a month Canadian for my house (that's like.. 350? USD) and it's on 1/2 acre of land, 2 floors and a full basement.
Bit rough around the edges, but as I live by myself it's awesome 😁
1.5k is pretty standard, I feel like, in the US for nice locations. I used to live in the colonial south, and 1k got me a 800sqf historic flat in oldtown, 5 minute walk from the boutiques and restaurants. $1.5-2K were the flats above those restaurants and boutiques. But yeah, if you drove an hour to the metro areas, that's pretty much where they started at.
$375 apartment in Iowa.
The really nice thing about being in a cheap area for rent is you can afford to take whatever is close to work.
So my commute is literally like 5 minutes.
@@kkknotcool I'm not sure where you're living in Iowa but I have a tough time finding anything under 800/month these days, and that could be for an absolute trash heap too.
@@coldstone525 where are you looking? Des moines?
Admittedly, I don't have expensive taste or high expectations, but I can genuinely do whatever I want for $40k a year(, except afford healthcare. If I had an illness, I don't think I could afford healthcare if I made $4M a year).
yes hello fellow American
My insulin costs $1200 a month. 🙃🙃🙃
Amazing episode, your guest list is absolutely legendary
I love how Chelsea is on ONCE and it turns into a proper podcast with serious topics. Also, the guests thus far all were amazing!
If you have financial security, the most unethical thing you can do with extra money is not spend it.
Yes, absolutely. Having lots of money is only as corruptive, and unethical as you make it. Otherwise, there's literally no downsides. Just don't live like a rich douchebag, that's all you need to do, easy.
Not true in the slightest
I agree. It helps the economy and its injected billions into the space industry. If he’d got it for free that would be worse
@@deldrise9169 wanna expand on that?
Spending it helps the economy around you. If you’re going to restaurants and hire people to build and maintain swimming pools and tennis courts etc is creating jobs. If you just put your money in the bank then it only helps you.
I just think will is stuck in a specific mindset on the 100 mil discussion. He needs to think outside his current mindset, 100mil is a LOT but also not a lot, like Nile said, but it's enough to significantly improve maybe, your city or town. Or maybe change the course of a specific school district. Or you could do a Mr beats and set yourself up to make essentially infinite millions as you go, then you can siphon off way more than 100 million into actual people's lives to just improve people's lives at random with lots of smaller individual acts of charity.
Like giving a poor person 10 million dollars may be problematic, but giving them 100,000 would be a lifechanging and manageable amount.
Today we learned the one thing keeping Nigel from becoming Walter white is interest.
😂😂😂
Can we rename this episode to “Australian man has mind blown after finding out you can buy a house for under $100,000 in parts of America rather than minimum 1.5 million dollars”
The $100k a year is truly the baseline, but a family is so expensive. I was making about $100k a year as a mechanical engineer in the US and I was very comfortable. I met a girl and gained a stepson and a biological son in a year. Its very expensive for all of them to live. Now I have to pay medical debt because the child was born, my wife’s kidneys began to fail, and I had a medical emergency myself all within the span of the end of the year and the new year, so our deductibles reset. Now I work two jobs to get about about $130,000 a year, all so that the rest of my family can feel like they can do whatever they want, live in a rented house, etc. Y’all analysis on the cost hits really close to home, especially considering the costs of daycare, etc.
I once read of a philosopher who said if the CEO of a company makes more then 20x the amount of the lowest paid employee the system of morally allowed control in society becomes too imbalanced for peace.
Podcast #5 everybody literally bragging about how many Amazon packages they order a month.
Podcast #10 why does Jeffrey Bezos need all that money?
LMAO
I think Will is realizing how expensive California is haha.
19:28 I live in one of the highest meth use per capita cities in the world, and one of my friends used to head the meth task force. he came to my school and actually showed the class how to cook meth because he thought it was important we know WHY its dangerous to cook. he also wanted us to know what a backpack lab looks like. i've run into a few tweakers with smoking backpacks over the years, and i knew instantly what they were doing and was able to get away from them. The knowledge is always better to have i think, and the sheriff's department thought the same thing. All the precursors are controlled anyway, so the knowledge isn't going to help you cook it really. Knowing the "street precursors" is important too so you can spot someone who is trying to cook and get away from them (or report them if they live next to you).
I also had a college professor that used all of the ingredients to cook lab grade meth as homework examples. he never explained the joke, and only a few people caught on at the end of the year when we were doing math with methylamine as the example lol
I love this pod so much, I think someone said it before but every time I turn on a ep it's like being is a small club with good friends.
Keep up the amazing work all!
Billionaires going to space is the modern day version of "Let them eat cake"
In what way
"Let them eat cake" is a myth
I’m so glad you got Alex on, I’ve always wanted to see him in normal conversation
I love the podcast. I just wish Will would let others speak more.
Yeah...probably because they're not in a same room, but i really find interruption and not letting others speak to be really annoying.
Nigel does this the best, but gets affected the worst. I also suffer the same fate as i always let others speak first... But then my words get lost.
William: "Can you imagine Elon Musk walking into a McDonalds, it'd be a disaster"
*Me, who's seen Zuckerburg walk into an In N Out:* _"uhhhhh"_
Man, Kevin is full tilt Florida man this episode
William decides this is a personal finance vlog all of a sudden.
What to take from this episode:
- money, money, money
- adding pseudoephedrine to the shopping list
- starting a business in Bermuda
I started buying cat shirts for my husband because William 😂 I got him one that says “ hello all you cats and kittens” and has a bunch of cats and kittens.
These cost of housing discussion is insane. Living in a huge city skews perception so much on what it actually costs to build a house
Is it weird that when I have a low balance in my bank account, I would be like “oh I want this and that” but when I actually have enough if not more money to actually get it, I’ll not want it anymore and just not spend the money. (Until I find something else that I didn’t even put much thought into it and go “take my money”)
No, I think it’s easy to have vague wants, but hard to make a purchase commitment. I think it’s perfectly common behavior.
The desire and the idea of what you want to buy is always better than the actual item. I always feel that way :o
Dude, i came up to listen thinking it would have just a comedic vibe, but all of the participants also have such interesting perspectives on all kinds of subjects, like captalism, human rights and stuff. I really like it. Btw, the Incidents in Brazil all hapenned in my state, and as they said, most people just don't have options other than keep linving their lives, or just try to survive. It's a really sad situation, and kinda revolting that the companies just kept doing their thing with minimal consequences.
Nigel just continues to show every episode that he's the only one with a brain.
I respectfully disagree. Will is a very logical and wise person for his age.
@@ProfessorCop Are you related to ninja
These episodes are really good and i just started this one. Wonder where’s peter though, its been a month…
Must be too busy shooting fireworks at planes.(Rc ones I mean.)
@@batt3ryac1d yeah probably
I thought he was dead
He's a busy man + timezone differences + issues with having proper recording equipment, probably
Was nice to see nigel and alex hit it off
I’m cracking up about the depth of meth making knowledge that just free flows on this podcast
What!!! IM late to the party but I'm so stoked you got I did a thing on! Please don't quit RUclips Will. this podcast brings me so much joy
I love that I Did A Thing is here, I just recently discovered him like a couple weeks ago when I was sick, thanks for the entertainment
I'm at work at the moment and i'm trying to watch you guys running to the toilet every few minutes. This is by far the funniest diarrhea in my life.
I need more safety third!!!! Please and thank you!!! :)
i love Nigel so much on this podcasts
The radio silence after William's cost of living assessment was so funny lol
I get what he's saying, though, even if it's California-skewed. It's tough as an American, there's hardly anybody I know who isn't in debt. We live "comfortably" on a dual income of around $70k in TN, but can't afford to be spontaneous and take more than maybe one vacation a year. And I consider us fortunate.
My parents gave me two Sudafed every day with my allergy medication in elementary school. I remember the school nurse being surprised when I told her. Now I understand why lmao.
Always jazzed for Thursdays only because of these podcasts. Thank you Will & the boys!😉 Good stuff every time😂👏👏
So when I was a high-schooler, and probably before that as well, I have noticed I did SO MUCH BETTER on tests/quizes when I was writing them while having a cold. My parents would force me to go to school unless I was bleeding from more than one orifice, so I'd just load on some cold medication and do it. And somehow the tests were super easy.
About 10 years later I was diagnosed with ADHD, and seeing as medication for it is various stimulants, cold-medication choke full of pseudoephedrine was basically an additional cure xD
I had never thought of the fact that Walmart uses the US government to subsidize their employees.
Will. Where are you friend? We miss the podcast! It's like taking drugs away from an addict😅 Please don't stop this just because people are jerks.❤️
I relate to all of these opinions so much. I've had the same thoughts as Will of just figuring out exactly what number I need to hit, and then after that, who cares. But I also live my life like Nigel in the sense that I pinch every penny.
Something to consider about the whole billionaires to space thing is that the money spent isn't being burned, it goes to the engineers and workers and the people who provide the tools and supplies for the mission. Another argument is that this is a pioneering flight that could get space tourism started, another industry that can provide jobs to the economy
Yeah, but if they literally set fire to 8 billion dollars then everybody's money would at least be worth a bit more.
And by employing engineers and stuff you really mean they took engineers off valuable projects in the economy to work on a billionaires toy rocket.
I mean unless we have an engineer unemployment problem that seems like kind of a weak ass argument.
@@kkknotcool Like nobody else is using engineers in their shitty projects. You have to take pretty big leep to say everyone is working on more important stuff.
@@edarkmonster I'm sure less important engineering jobs have and do exist but it's a pretty low threshold to say your work is more important then a toy for a billionaire.
@@kkknotcool if other projects are more valuable, they can attract the same calibre of engineers by offering more in salaries
@@Nadaters Maybe if it was two businesses bidding on talent.
But this is Mr MoneyBag's who will spend whatever to fly in a rocket.
Really good to hear how Nigel money spending, I'm pretty much the same, I just don't spend much on trivial things for myself, it has to be really worth it in the long run.
If I where to get lots of money I would try and find something that could influence things politicly in a meaningful way.
The boyboy crossover I needed
"California is just very high"
You're more right than you intended.
Anyone else a bit curious about what Nigel will be up to when he's done with chemistry?
will said he was gonna go into porn
Meth.
@@surferbro601 Oh yeah. just think about the "people who've seen PP" stat just rising and rising. Meth is also a carrier choice... not the best, but Nigel could pull off a breaking bad life story
He will probably try to manage a business or organization to bring about social change. Maybe. He seems like the type.
Education programmes?