My high school had an annual fundraiser of raising money for kids with cancer around Christmas. The winning homeroom class got a pancake breakfast. My homeroom teacher in 11th grade saw I was the only person donating, pretty much every day. She asked the class, “If I treated you to a pancake dinner, would you donate?” Almost everyone raised their hand. She said that’s not charity. She is right and I still follow that philosophy. When I donate to a cause, I want nothing. I just want a better generation.
But in this society we want rewards for 'good deeds'. We want to get something in return for our 'contributions'. Rather than the satisfaction, warm feeling you get for doing something nice.
It's called reputation laundering. It's a common practice used by the rich and powerful to inflate their reputation and make them seem like the good guys. Gangsters, drug king pins, and mobsters across India do it to maintain community support.
Some Drug lords are even good hearted at that, unlike regular American billionaires... Pablo Escobar actually cared a lot about Medellin and his people, most people said that when he wasn't doing business he was actually a nice man to talk to even if a little crazy. And gangsters at least they tend to actually improve things with their money
@@fixafix69 if Pablo Escobar is truly a good person then he should have been doing in other way not by plunging the people in his country to further corruption and poverty he could have been an elected officials trying to do a long lasting change or he could have been a journalist but no he wanted a lot of money so he took the wrong step in life like hes family whas well of he could afford education to get a better job
In Al Capone trial the prosecution concluded to by reminding the jury that Al Capone whas no Robin Hood he spend lavishly on himself and his cronies doing nothing to help the poor and the down and out
@@maestrulgamer9695 the video was about why billionaires donations often have alterior motives, at what point did it make the case that billionaires stole from people? What did they steal? Who did they steal it from?
@@michelsand5399 if you're worried that billionaires are stealing political power, then shouldn't that be a sign that we need to reduce political power and the size of government? The more powerful the government is, the more susceptible to corruption and dangerous it becomes. But the leftist answer to this problem is more government intervention. Reduce governments power, and you reduce billionaires ability to sway laws
Uncle sam has had some serious character development. I mean, he's still horrible, but he's starting to realize his mistakes. Too bad it's not like that irl
You can live with extremly few bucks, that's a fact. 98% of people are just hyper-ineffective. And one can learn to not be hyper-ineffective with money anymore. Such are facts.
@@slevinchannel7589 Do you even live in today's world? One month's rent is 100hrs of work on the $15 minimum wage, which isn't even a countrywide thing. A few bucks won't get you anywhere in life and neither will a minimum wage job
We don't need to eat them... Subject them to the same labor they've profited off of for years. Have them experience what it's like for their workers. Like the Inferno and Purgatorio. Let them be cleansed of their avarice, their gluttony, and slothful natures...
Collin McLean so you want everyone to be stuck in a propitiated time of staying at the same place forever tell me what would happen when the innovators that got higher because of success would be put down so they would be equal?
technically an arsonist makes a great firefighter because they will know in advance where fires will be and how they were started, and the more fires they set the more fires they can put out, clearly showing that they are hard at work protecting the community from fire. (this is a metaphor for capitalism)
At my grandparents old house there were firefighters in town who enjoyed lighting fires and putting them out, they burnt down their barn this way one time.
@@kenabbott8585 I think the question was how do you disproof that they exist, and not what the term ment. Also I'm interested how these flaws in (american) society don't exist, you surely have data that rejects the sources of Adam?
@@Alex_Vir "I think the question was how do you disproof that they exist, and not what the term ment." It's interesting that someone makes ridiculous claims, and it's up to others, not the person making the cliams, to provide evidence. In this case, however, it's pretty simple. Adam's argument is that billionaire philanthropy is somehow a flaw because if you give away your money you get to choose how to give it away, instead of letting the government choose for you. Do you really need someone to explain to you why this is stupid?
@@kenabbott8585 Adam makes claim Adam has the burden of proof Adam shows the name of a source for his claim You say Adams claim is not valid You have the burden of proof You didn't show anything that could have been conciderd a source You still have the burden of proof As far as I understood the video Adam had a problem with billionairs avoiding the tax by giving away money, to their own cherity organisations, which then only have to use a small amount of that money, that also can be used on maintaining the organisation, plus the bribing of politicians. It is an argument on tax evasion, more specifically on one method of billionairs, not on how any rando spends their money. Do you need someone to explain to you that an argument can be complex?
@@williamnguyen8663 You do realise that they did practically eradicate malaria in some locations, and did it so well they've decided to take a break for the next decade, and focus on societal constructs, or something, I'm not smart enough to understand the Gates annual letter.
Imagine if Bill Nye were like this... and they rolled in that 90s TV set on wheels into class on the day the teacher didn’t feel like doing much, today, class- We’re gonna learn about class consciousness.
I already knew a lot of this... I work 9 hour overnight shifts, 5 days a week, and half my pay goes to taxes. The Apple branch here in Aus launders money, and barely pays any taxes!
@OAT351 The Koch brothers have also been responsible for a lack of investment by the US in public transportation and transportation infrastructure. Because they somehow have a hand in nearly everything that goes into cars and roads! Which sucks because public transportation is important to a little people, minorities are especially impacted, and because public transportation generates jobs and is less destructive than everyone trying to drive a car.
You can live with extremly few bucks, that's a fact. 98% of people are just hyper-ineffective. And one can learn to not be hyper-ineffective with money anymore. Such are facts.
@@slevinchannel7589 So what you're saying is we should have econ 101 in kindergarden? Cuz that actually sounds pretty rad but thats also kinda just side stepping the real issue which is a systemic one. How 'bout we fix the system first and then teach kids and (realistically) teens how to manage money. The way things are now, those people who could learn how to properly manage money aren't even getting any money to manage in the first place!
Being that blatant would be self-defeating. On the other hand, slowly corroding the pillars capitalism jammed into society lets him make the same points without being disregarded out of hand as a "dirty commie socialist" or whatever.
@@Alexandra-jx4ov look I don't disagree with what I assume your stance here is, but the propaganda from the red scare is still running on overcharge in america (at least. Don't know about other nations). Either play coy and push the ideas *just* slowly enough that it slips in under the immediate "better red than dead" reaction or go to hard, trigger said reaction, and alienate too many people to be useful.
@@danieljames1868 I do understand what you are saying here, but "socialism" has re-entered the general public's vocabulary purely as a result of people like Bernie Sanders not being afraid to say it (debatable as Bernie's real stance on socialism is). Normalising the concept to the general public is half the battle. An open condemnation of capitalism from a network with as wide a reach as this one would be invaluable. That being said, these shows can still be valuable despite their reluctance to call out the source of all the problems they are reporting. They can get people thinking about the unjust system they live in and maybe even decide to do something about it. That's where comments like my original one come in: to potentially spark a realization in people scrolling through the comments, or at least make them think. Essentially agit-prop commenting
As someone that works in the financial services industry and has direct knowledge of how to do this I have always vowed this to myself. Operate in a way where I pay my taxes AND give to charity.
It's actually better not to give money. If you buy a work of art for $10,000, then give it to charity a few years later when the artist has become fashionable and it's valued at $50,000, your allowable deduction is based on the $50,000 valuation, not what you originally paid.
@Anne Day In the situation I outlined, you buy an item for £100,000, keep it for a few years while talking up the market, have it revalued at $900,000 and donate it to an educational institution, thus avoiding tax at 37% on $900,000 of your income in the donation year (this trick obviously works best if your earnings stray significantly into the 37% bracket). Not as much profit as selling it, but you get do do a lot of virtue-signaling.
@Anne Day Donating is certainly less efficient than selling, but donating items which have appreciated in value since acquisition can be a much more efficient way of maxing your deductibles than donating cash.
@Anne Day No, my comment was not irrelevant- your actual question (after a load of sometimes-misleading exposition) was "Someone please help me understand what I'm missing here." If the choice is between paying tedious income tax at 37% on your income above $500k, or making charitable donations which don't have to be cash (and therefore can be items which cost you much less than their donation value) and which can count against up to half your income- and the donations make you look good too- why would you choose taxation over donation?
existential. anarchist and with their money, company, name, etc your labor has value. If I’m wrong open a business and go get what you think you’re worth.
You definitely should be worried because those millionaires also keep the poor in poverty because they don't fund social programs to help them get out of poverty they just fund themselves and their own businesses just to avoid taxes which is terrible for our nation so the best thing to do is make it illegal to avoid taxes through donations and make it go back to the country to fund our social programs so people in poverty get out and live normal lives but it'll be hard as hell if we all don't speak up because as he stated in the video the rich just buys out the political stand points just so they keep doing this illegal crap just to make it worse for us
@@matthewmaguire4671 Doesn't have any sources? You might want to rewatch the video, bootlicker. Funny how righties get triggered when their plutocratic god-kings are insulted but make jokes about the most oppressed and miserable people on the planet. Definition of cuckoldry.
Yup. But I don't pity them. Anybody who trusts billionaires deserves to get taken advantage of. That's the way of nature. The billionaire shark eats the gullible guppy. Too bad.
@@savenetneutralityanti-repu7029 i would never EVER call them/address them as "sharks"! They r MERELY opportunistic parasites, bad for EVERY single living specie's health n welfare, INCLUDING their own garbage offspring...
@@flan6449 forget the definition of eat the rich, what about the definition of 'inconvenience'. You're making a reference to the suffering of more than half the population of our country.
Love this! I was hesitant to click on TruTV and College Humor but found this to be a wonderful deconstructionist, post-modern perspective on all the drivel and myths that mainstream culture indoctrinates us to believe! Keep up the great work Adam & team!
@@zemorph42 Republicans are racist, though. I have a good friend of mine from Japan who lived in America for many years and she did get told by trump supporters to go back where she came from.
@@zemorph42 Hey, it's not my fault that you guys had a civil war and the fact that both political parties switched places or whatever. Besides, I wanna visit the United States, it seems like a fun country.
The US is particularly ripe cause sure a lot of major economies got hit hard by the GFC but only america has a such a lack of key social services for trying times.
@@oo0O08 Also a lot of the lower class seems to get angrier and angrier while the upper class seems to be a "little" nervous especially when they act in false confidence...
@@diannholland I said sooner or LATER...one day, either the rich people or the government or both are going to make more then enough people really angry...especially when they are trying to get rid of Net Neutrality
@@IMatchoNation You tell me, which one is more popular and has bigger industries backing it? I rarely meet people who have a clear understanding of the science on this, almost everyone thinks carbs are death. The industries funding pro-carb propaganda? Only one: sugar, which is a processed food anyway, and those are bad, carb or not. The industries funding pro-fat propaganda? Meat, egg, and dairy, and they directly fund studies and even have their own "scientists" who promote their agenda. Multi-billion dollar industries, each. Regardless of industry propaganda, the truth is the truth, and the science is very clear on this issue. The healthiest populations ever studied were all extremely high-carb. If you have the time to watch a video, I think this one provides an awesome introduction to the subject: ua-cam.com/video/u1zxE63_JCc/v-deo.html Yes, I know he is vegan, although there are plenty of low-carb vegans so it isn't exactly relevant
@@IMatchoNation Provided you are not diseased (the vast majority of Americans are) and are already consuming a plant-based diet (since animal products tend to be fatty, and that sort of fat is extremely unhealthy), I think most people do not have to worry. There can also be detriments to insufficient fat consumption, for instance. However, I do think high carb diets are the most healthful, even if I wouldn't obsess over ratios (although I do track my food intake most days and I like to know approximately what the ratio is, but I never adjust my eating in response).
people here are going about how this is anti capitalism, when its actually anti mercantilism a healthy economy is made when large sums and small sums of money are constantly in motion between multiple bodies and not stagnating in a singular place for ages
Except this exact thing has been happening in capitalist societies since forever, so unless we're making a "real capitalism has never been tried" argument here, it's clearly also a problem of capitalism. Why would billionaires in a free market stop doing it, seeing as it hugely benefits them?
LOL: Yeah, tell us more about how "people shouldn't be able to do what they want with their own money" isn't anti-capitalism. Mercantilism is an actual word, with an actual meaning. Please, look it up before you use it.
@@HeadsFullOfEyeballs "Except this exact thing has been happening in capitalist societies since forever," Where people give away money and the government gets pissy because they don't get to control it. For some reason, we're supposed to call that a problem.
Xavier Lamar I thought of Zuckerberg. He emailed Podesta and asked how he could use charity to alter people’s thought on immigration and other political things that benefit Zuck.
Thank you for doing the most important entry in this show. The influence of our billionaire class and our disgraceful system is the issue to top all issues. If this imbalance of power and our failure to properly tax the rich are concerns for you, vote Bernie Sanders in the Democratic primary and join a grassroots movement to empower everyday society and workers.
We work the farm, we harvest the food, we process the food, we deliver the food, we cook the food, we walk across the floors we scrubbed in the mansion we built and serve the food to the billionaire's table where we don't get a seat, and after they've gorged themselves they sweep the crumbs onto the floor for the peasants and call it "philanthropy".
I'm a massive fan of Anand Giridharadas. I found him as a result of watching lots of Jordan Peterson videos. I agree with him totally. He's very smart and entertaining to watch. We need more people like him. I highly recommend that everyone watch his very important interviews. Thanks.
Adam should do a episode next about charities and their fraudulent practices. You would be surprised at how little of donation money goes to actually helping the cause.
The foundation does good work in an efficient and effective way doesn't prove they are established purely for good will. Still appreciate the work of theirs though
That's an exception to the rule. Hell, Bill Gates even left his job at Microsoft to run his foundation full time with the main purpose of finding ways to give his wealth away.
@@Shifterwizard a minimum wage, not enough to even make a dent in the fortunes billionaires keep locked away. Some mone trickle down, just not enough to make that a valid argument to defend their doings
Read the fine print on most donations. A lot say, only .050 cents on the dollar is donated So about 50% of what is given helps out So if they made 10 million in donations, then about 5 million helps out The rest of the money disappears and goes ??????
Your math is off a bit. 0.05 cents on the dollar is 0.05%, not 50%, which would mean $5,000 out of 10 million helps out. If you ever see a charity with that low of a percent, definitely don't donate. Of course, if you meant 50 cents on the dollar, that would still be a bad rate, and you should look for a better charity. As to where the money goes, advertising, salaries, and hosting elaborate fund raisers to appeal to the wealthy. For many a non-profit business, the business aspect is more important than being a charity.
I recommend donating to museums and small organizations! I work for a non profit museum and we’re fundraising constantly to be able to expand our campus to include: an education center, update our main building to be ADA approved, larger gallery space, and an on site shop to restore our collections! Help small organizations!
Then again if rich people are the problem, just stop going to walmart and making them richer. Bunch of hypocrites I swear. Put down your phone's since apple has child labor in asian factories.
You have scruples. That's good. That will also prevent you from befoming a billionaire. No one earns a billion plus dollars. It only comes wirh abusing others and a fair bit of luck besides.
There is a video from a meeting of immensely wealthy individuals talking about philanthropy and one of the guest speaks goes into great detail about this topic. Saying the best things the wealthy can do to help with inequality is to pay their flipping taxes. As well another speaker that talks about how most of the "good jobs" they're creating don't actually take human dignity into account at all. Like workers in a meat processing plant having to wear adult diapers because they're not allowed to take restroom breaks. That a good job is meaningful to the person not just financially. This seems like something the wealthy seem to have a hard time grasping.
*There are 8 people on this planet at this time who's combined wealth is more than the combined wealth of half the people on this planet. Their combined wealth along could feed, cloth, educate, & shelter every homeless and hungry man, woman, & child on this planet right now for 2,000 years 24-7-365...js*
you do realize that every rich person has between 65-80% of their wealth stolen by taxes every year right? and do you know what governments do with that money? Waste it.For example, the U.S. In 2015, the pentagon lost 6.5 TRILLION DOLLARS! It just vanished into thin air and it went unaccounted for. Or in 2012 when the U.S spent 1.3 TRILLION on a jet plane that is completely useless. The jet in question is about as useful as a plane from WW2 would be today. Meaning it is way behind every other jet technologically. both of these mistakes could have bought every homeless person (roughly 500,000) in America a 12,000,000$ home. It's not about the people who have money, because the government has most of it already, it's about the governments who have that money and what they do with it.
@@zachwinters4650 Actually most rich people pay barely any taxes. They use a combination of dozens of loopholes to bring their total tax contributions below what the average middle class person pays in taxes. It's very likely you paid a higher percentage in taxes than Jeff Bezos, the richest man in the world. Think about that for a minute. To really put things into perspective, Amazon receives millions in government subsidies, meaning taxpayer money goes to Amazon. AND Amazon paid ZERO dollars in taxes last year.
@Noah Shanaberger Stealing...is exactly what billionaires are doing because THEY DON'T PAY THEIR FAIR SHARE OF TAXES. Then pretend they're contributing to the public good and do exactly the opposite in undermining our democracy with their money. The system is fundamentally flawed and needs more than a tweak.
On Netflix series called explained, a full episode goes on explaining how the billionaires donations are contributing to the society, but toe they all looked like potential ideas for new revenue streams, none of them really hit the the rock bottom AKA poor people, if they affect poor people, they also have a good chance of selling Thanks Adam, you always amaze us
While on the whole it's right about the influence the billionaire class have on the rest of us, it takes some HUGE leaps from what 2 sources actually say to what Adam claims. The 2 I checked on (because I wanted to share the claim with others but didn't want to say "I heard it on ARE" as MY source) -- "less than 10% of public contributions go towards addressing basic public need" -- the article only mentions 10% in this way when saying that "less than 10 percent of the world’s health research budget is spent on combating conditions that account for 90 percent of the global burden of disease". This is a LOT more specific than how the show framed it (disease research vs everything) The statement right after that, regarding 75% of donations over 50M, is not found in the cited article (which, had the wrong author named), at all. It just mentions instances of the uber-rich donating for selfish reasons (& it not really helping the recipients). Even if someone's "heart is in the right place" / their overall message is good, it makes me feel a little gross when they misuse data/evidence to make their point stronger.
They stole it from other much more hardworking people to make their empires. They did not "work for it," they are nothing without the labor of the working and middle classes.
My high school had an annual fundraiser of raising money for kids with cancer around Christmas. The winning homeroom class got a pancake breakfast. My homeroom teacher in 11th grade saw I was the only person donating, pretty much every day. She asked the class, “If I treated you to a pancake dinner, would you donate?” Almost everyone raised their hand. She said that’s not charity. She is right and I still follow that philosophy. When I donate to a cause, I want nothing. I just want a better generation.
That's what charities should be! No tax breaks or favors.
By the looks of this comment, it seems like you want attention and validation!
if you want things to be better, end capitalism
But in this society we want rewards for 'good deeds'. We want to get something in return for our 'contributions'. Rather than the satisfaction, warm feeling you get for doing something nice.
Joshua Cox oh look at the little communist go working now your parent’s money wouldn’t last forever you know
It's called reputation laundering. It's a common practice used by the rich and powerful to inflate their reputation and make them seem like the good guys. Gangsters, drug king pins, and mobsters across India do it to maintain community support.
Vakaz Akram Yeah wasn’t there that South American Drug lord who’s super famous and used a lot of his money to massively develop his local area?
Vakaz Akram dont forget child trafficking as well.
Some Drug lords are even good hearted at that, unlike regular American billionaires...
Pablo Escobar actually cared a lot about Medellin and his people, most people said that when he wasn't doing business he was actually a nice man to talk to even if a little crazy.
And gangsters at least they tend to actually improve things with their money
@@fixafix69 if Pablo Escobar is truly a good person then he should have been doing in other way not by plunging the people in his country to further corruption and poverty he could have been an elected officials trying to do a long lasting change or he could have been a journalist but no he wanted a lot of money so he took the wrong step in life like hes family whas well of he could afford education to get a better job
In Al Capone trial the prosecution concluded to by reminding the jury that Al Capone whas no Robin Hood he spend lavishly on himself and his cronies doing nothing to help the poor and the down and out
"Steal a lot, return a little, it's philanthropy."
How do they steal a lot?
@@malachymoreland7417-This whole video just showed how.
@@maestrulgamer9695 the video was about why billionaires donations often have alterior motives, at what point did it make the case that billionaires stole from people? What did they steal? Who did they steal it from?
Malachy Moreland political power from the masses. The proletarian masses.
@@michelsand5399 if you're worried that billionaires are stealing political power, then shouldn't that be a sign that we need to reduce political power and the size of government? The more powerful the government is, the more susceptible to corruption and dangerous it becomes. But the leftist answer to this problem is more government intervention. Reduce governments power, and you reduce billionaires ability to sway laws
Uncle sam has had some serious character development. I mean, he's still horrible, but he's starting to realize his mistakes. Too bad it's not like that irl
Agreed 😔
The people do
You're godamn right we're horrible 🇺🇸😈
Adam just explains what lobbyists do in a nutshell
It keeps coming down to that.
Also known as bribery
You can live with extremly few bucks, that's a fact.
98% of people are just hyper-ineffective. And one can learn
to not be hyper-ineffective with money anymore.
Such are facts.
@@slevinchannel7589 Do you even live in today's world? One month's rent is 100hrs of work on the $15 minimum wage, which isn't even a countrywide thing. A few bucks won't get you anywhere in life and neither will a minimum wage job
I mean, he is right though
"You know who'd be a bad firefighter, an arsonist."
"A chap can't walk down the street smoking a cigarette these days without being accused of being an arsonist!"
Hi, Olly!
No, an insurance agent would make a bad firefighter. Looking at the Gecko.
Excuse me, do you have a match?
Actually there's a statistically high rate of pyromaniacs in firefighters
Got it, Adam. We need to eat the rich.
Meredith Maggi No, we dont need to eat the rich. Stop that loser-scumbag socialist sh*t
We don't need to eat them...
Subject them to the same labor they've profited off of for years. Have them experience what it's like for their workers. Like the Inferno and Purgatorio. Let them be cleansed of their avarice, their gluttony, and slothful natures...
Collin McLean so you want everyone to be stuck in a propitiated time of staying at the same place forever tell me what would happen when the innovators that got higher because of success would be put down so they would be equal?
Start with Bernie Sanders then, hypocrite
Silence, Communist.
“You know who’d be a really bad firefighter? An arsonist.”
Funny thing is firefighter arson is a phenomenon. It even has its own Wikipedia page.
I mean, he didnt say they didnt exist. He just said that they would be bad at their job
technically an arsonist makes a great firefighter because they will know in advance where fires will be and how they were started, and the more fires they set the more fires they can put out, clearly showing that they are hard at work protecting the community from fire.
(this is a metaphor for capitalism)
@@DndBirb8659 .......isn't that just Catch Me if You Can
Abigail Thorn has entered the chat
At my grandparents old house there were firefighters in town who enjoyed lighting fires and putting them out, they burnt down their barn this way one time.
It's not really Adam ruins everything, it's Adam points out massive flaws on our society.
Which are completely fictional.
That's pretty much his schtick.
@steelhound duncan
By not existing. That's what "fictional" means.
@@kenabbott8585 I think the question was how do you disproof that they exist, and not what the term ment.
Also I'm interested how these flaws in (american) society don't exist, you surely have data that rejects the sources of Adam?
@@Alex_Vir
"I think the question was how do you disproof that they exist, and not what the term ment."
It's interesting that someone makes ridiculous claims, and it's up to others, not the person making the cliams, to provide evidence.
In this case, however, it's pretty simple. Adam's argument is that billionaire philanthropy is somehow a flaw because if you give away your money you get to choose how to give it away, instead of letting the government choose for you.
Do you really need someone to explain to you why this is stupid?
@@kenabbott8585 Adam makes claim
Adam has the burden of proof
Adam shows the name of a source for his claim
You say Adams claim is not valid
You have the burden of proof
You didn't show anything that could have been conciderd a source
You still have the burden of proof
As far as I understood the video Adam had a problem with billionairs avoiding the tax by giving away money, to their own cherity organisations, which then only have to use a small amount of that money, that also can be used on maintaining the organisation, plus the bribing of politicians.
It is an argument on tax evasion, more specifically on one method of billionairs, not on how any rando spends their money.
Do you need someone to explain to you that an argument can be complex?
Former arsonist turns hero fire fighter sounds like a good show to me
By putting out an 1/100th of the fires he started
Fahrenheit 452
backdraft
"In a world..."
Still not the stupidest thing I've ever heard. I'd watch
Millions of dollars are spent on charity events, raising thousands of dollars.
Like, I can't even!!
vahidmirkhani prove it
raising millions*
@Ed Bill and Melinda Gates has done a lot to wipe out malaria. I would say that counts as change.
@@assface427 unless they cured it, then not really
@@williamnguyen8663 You do realise that they did practically eradicate malaria in some locations, and did it so well they've decided to take a break for the next decade, and focus on societal constructs, or something, I'm not smart enough to understand the Gates annual letter.
Imagine if Bill Nye were like this... and they rolled in that 90s TV set on wheels into class on the day the teacher didn’t feel like doing much, today, class- We’re gonna learn about class consciousness.
lee Roberts what are some of these deceptions
You mean like he is today....
@@kenabbott8585 lmao I wish.
@@riley8385
Because "My sex junk" was all about pure science?
@@kenabbott8585 another "sex and gender are the same" fuckwad
I already knew a lot of this... I work 9 hour overnight shifts, 5 days a week, and half my pay goes to taxes. The Apple branch here in Aus launders money, and barely pays any taxes!
Jeff Bezos is such a caricature of evil billionaires he should be the new Rich Uncle Pennybags in the Monopoly board game.
He looks more like Lex Luthor honestly
And Elon Musk is Justin Hammer
@OAT351 The Koch brothers have also been responsible for a lack of investment by the US in public transportation and transportation infrastructure. Because they somehow have a hand in nearly everything that goes into cars and roads! Which sucks because public transportation is important to a little people, minorities are especially impacted, and because public transportation generates jobs and is less destructive than everyone trying to drive a car.
You can live with extremly few bucks, that's a fact.
98% of people are just hyper-ineffective. And one can learn
to not be hyper-ineffective with money anymore.
Such are facts.
@@slevinchannel7589 So what you're saying is we should have econ 101 in kindergarden? Cuz that actually sounds pretty rad but thats also kinda just side stepping the real issue which is a systemic one. How 'bout we fix the system first and then teach kids and (realistically) teens how to manage money. The way things are now, those people who could learn how to properly manage money aren't even getting any money to manage in the first place!
@@angel-q BUddy, dont just randomly assume things about me, dont misunderstand things randomly, and dont be like that.
So, when is "Adam Ruins Capitalism" coming out?
Being that blatant would be self-defeating.
On the other hand, slowly corroding the pillars capitalism jammed into society lets him make the same points without being disregarded out of hand as a "dirty commie socialist" or whatever.
While playing coy implies there is something wrong with being a "dirty commie socialist"
@@Alexandra-jx4ov look I don't disagree with what I assume your stance here is, but the propaganda from the red scare is still running on overcharge in america (at least. Don't know about other nations). Either play coy and push the ideas *just* slowly enough that it slips in under the immediate "better red than dead" reaction or go to hard, trigger said reaction, and alienate too many people to be useful.
@@danieljames1868 I do understand what you are saying here, but "socialism" has re-entered the general public's vocabulary purely as a result of people like Bernie Sanders not being afraid to say it (debatable as Bernie's real stance on socialism is). Normalising the concept to the general public is half the battle. An open condemnation of capitalism from a network with as wide a reach as this one would be invaluable. That being said, these shows can still be valuable despite their reluctance to call out the source of all the problems they are reporting. They can get people thinking about the unjust system they live in and maybe even decide to do something about it. That's where comments like my original one come in: to potentially spark a realization in people scrolling through the comments, or at least make them think. Essentially agit-prop commenting
capitalism is way too broad, it's impossible to cover everything in 30 min. I'd rather he goes deeper into each aspect of it like this episode
As someone that works in the financial services industry and has direct knowledge of how to do this I have always vowed this to myself. Operate in a way where I pay my taxes AND give to charity.
Is this the reason why the show was cancelled? This is definitely speaking truth to power right here.
“Give” money so they can keep their money
It's actually better not to give money.
If you buy a work of art for $10,000, then give it to charity a few years later when the artist has become fashionable and it's valued at $50,000, your allowable deduction is based on the $50,000 valuation, not what you originally paid.
@Anne Day See my earlier comment in this thread.
@Anne Day In the situation I outlined, you buy an item for £100,000, keep it for a few years while talking up the market, have it revalued at $900,000 and donate it to an educational institution, thus avoiding tax at 37% on $900,000 of your income in the donation year (this trick obviously works best if your earnings stray significantly into the 37% bracket). Not as much profit as selling it, but you get do do a lot of virtue-signaling.
@Anne Day Donating is certainly less efficient than selling, but donating items which have appreciated in value since acquisition can be a much more efficient way of maxing your deductibles than donating cash.
@Anne Day No, my comment was not irrelevant- your actual question (after a load of sometimes-misleading exposition) was "Someone please help me understand what I'm missing here."
If the choice is between paying tedious income tax at 37% on your income above $500k, or making charitable donations which don't have to be cash (and therefore can be items which cost you much less than their donation value) and which can count against up to half your income- and the donations make you look good too- why would you choose taxation over donation?
"You know who'd make a terrible firefighter? An arsonist".
*_Abigail Thorn has entered the chat_*
You wouldn't happen to have a match, would you? :)
Why yes, i do @@Ilikebats123
I am BEYOND amazed that they let you do this bit... Its very honest..
So rich people screw over everyone else and get away with it. Honestly, what’s new?
They didn’t break any laws, why is it our business what they do with their money?
What's new is that we finally get some info on ONE of the ways rich people screw people over.
It's their money, our labour.
@@victorscasas1193 and? slavery was legal, yet many people protested it. just because it's legal doesn't mean it isn't morally wrong. stop bootlicking
existential. anarchist and with their money, company, name, etc your labor has value. If I’m wrong open a business and go get what you think you’re worth.
are there seriously people that didnt know this already? im so worried for us.
You definitely should be worried because those millionaires also keep the poor in poverty because they don't fund social programs to help them get out of poverty they just fund themselves and their own businesses just to avoid taxes which is terrible for our nation so the best thing to do is make it illegal to avoid taxes through donations and make it go back to the country to fund our social programs so people in poverty get out and live normal lives but it'll be hard as hell if we all don't speak up because as he stated in the video the rich just buys out the political stand points just so they keep doing this illegal crap just to make it worse for us
billionaire bootlickers are MAAADD LMAOOOOO
Nah, just the fact the video doesn’t have any sources and was written to push his Democratic Socialism agenda. It’s pretty damn obvious
@@matthewmaguire4671 Doesn't have any sources? You might want to rewatch the video, bootlicker. Funny how righties get triggered when their plutocratic god-kings are insulted but make jokes about the most oppressed and miserable people on the planet. Definition of cuckoldry.
Yup. But I don't pity them. Anybody who trusts billionaires deserves to get taken advantage of. That's the way of nature. The billionaire shark eats the gullible guppy. Too bad.
@@savenetneutralityanti-repu7029 i would never EVER call them/address them as "sharks"! They r MERELY opportunistic parasites, bad for EVERY single living specie's health n welfare, INCLUDING their own garbage offspring...
cirrus Say that again when all the rich inevitably leave after you start taxing them out the asses.
i hope one day adam's big message will be "yes you should absolutely overthrow the government and eat the rich."
murder and violence if barbaric. Everyone is equal to you guys, except when it inconveniences you. huh?
@@flan6449 do i even have to counter that? Do you even know what 'eat the rich' means?
@@flan6449 forget the definition of eat the rich, what about the definition of 'inconvenience'. You're making a reference to the suffering of more than half the population of our country.
@@flan6449So people shouldn't have overthrown oppressive monarchies?
Love this! I was hesitant to click on TruTV and College Humor but found this to be a wonderful deconstructionist, post-modern perspective on all the drivel and myths that mainstream culture indoctrinates us to believe! Keep up the great work Adam & team!
That line at the end of the video got me... what? No these aren't tears, it's just the dust from the road ... that dusty road...
"America is a democracy" lol
He's partially true.
I'm not even American. Lol.
A representative democracy. Unfortunately it doesn't really represent the people anymore.
@@zemorph42 Republicans are racist, though. I have a good friend of mine from Japan who lived in America for many years and she did get told by trump supporters to go back where she came from.
@@nourchame019 And? I don't recall ever disputing that, so I don't know why you would bring it up.
@@zemorph42 Hey, it's not my fault that you guys had a civil war and the fact that both political parties switched places or whatever. Besides, I wanna visit the United States, it seems like a fun country.
Fitting, considering David Koch's recent death.
But he was a philanthropist that also did good things! /s
Some call it a "recent death", others might say " return to hell".
He first got cancer in 1992, it kept coming back... He could've died from it back then.
Mesidg spiderman 3 reference
I spent years in the charitable sector.
I wouldn't give any of them a penny.
Someone needs to send this video to r/elonmusk, they literally call him a philanthropist
I always feel like people are gonna pull a french revolution in the USA sooner or later
Edited:😓😅 good luck to you everyone😷
The US is particularly ripe cause sure a lot of major economies got hit hard by the GFC but only america has a such a lack of key social services for trying times.
@@oo0O08 Also a lot of the lower class seems to get angrier and angrier while the upper class seems to be a "little" nervous especially when they act in false confidence...
Nah... That's what reality TV is for. Not easy to start a revolution when you NETFLIX and CHILL
@@diannholland I said sooner or LATER...one day, either the rich people or the government or both are going to make more then enough people really angry...especially when they are trying to get rid of Net Neutrality
*sharpining guillotine blade*
“Genius, Billionaire, Playboy, -Philanthropist- Tax Dodger” -Tony Stark
I've been binging this series on HBO Max and while don't agree with everything on the show, this episode is GOLD.
Can we start with the Trump and Clinton foundations?
How about any foundation? Why not directly donate their money to good causes if it was really so important to them?
This is becoming more and more relevant as these events in 2020 go on...
Uncle Sam is one of the best running gags in the show.
1:39
I'm officially naming my new band "I the Me"
"Philanthropy: the true gateway to power"
Damn. This video is on fire, especially with that analogy at the end.
Adam Ruins Everything should be on EVERY streamer in order to reach as many people as possible! Thank you for posting on youtube!
I love how the entire College Humor network is bringing anti-capitalism to a new generation.
They also push bogus anti-carb, pro-fat pseudoscience which is industry propaganda, but I guess you can't get them all right.
@@HuckleberryHim isn't anti-fat, pro-carb also industry propaganda?
@@IMatchoNation You tell me, which one is more popular and has bigger industries backing it? I rarely meet people who have a clear understanding of the science on this, almost everyone thinks carbs are death.
The industries funding pro-carb propaganda? Only one: sugar, which is a processed food anyway, and those are bad, carb or not. The industries funding pro-fat propaganda? Meat, egg, and dairy, and they directly fund studies and even have their own "scientists" who promote their agenda. Multi-billion dollar industries, each.
Regardless of industry propaganda, the truth is the truth, and the science is very clear on this issue. The healthiest populations ever studied were all extremely high-carb. If you have the time to watch a video, I think this one provides an awesome introduction to the subject: ua-cam.com/video/u1zxE63_JCc/v-deo.html
Yes, I know he is vegan, although there are plenty of low-carb vegans so it isn't exactly relevant
@@HuckleberryHim So would you agree that for most people it's best to just not worry about macro ratios?
@@IMatchoNation Provided you are not diseased (the vast majority of Americans are) and are already consuming a plant-based diet (since animal products tend to be fatty, and that sort of fat is extremely unhealthy), I think most people do not have to worry. There can also be detriments to insufficient fat consumption, for instance. However, I do think high carb diets are the most healthful, even if I wouldn't obsess over ratios (although I do track my food intake most days and I like to know approximately what the ratio is, but I never adjust my eating in response).
people here are going about how this is anti capitalism, when its actually anti mercantilism
a healthy economy is made when large sums and small sums of money are constantly in motion between multiple bodies and not stagnating in a singular place for ages
Except this exact thing has been happening in capitalist societies since forever, so unless we're making a "real capitalism has never been tried" argument here, it's clearly also a problem of capitalism. Why would billionaires in a free market stop doing it, seeing as it hugely benefits them?
LOL: Yeah, tell us more about how "people shouldn't be able to do what they want with their own money" isn't anti-capitalism.
Mercantilism is an actual word, with an actual meaning. Please, look it up before you use it.
@@HeadsFullOfEyeballs
"Except this exact thing has been happening in capitalist societies since forever,"
Where people give away money and the government gets pissy because they don't get to control it.
For some reason, we're supposed to call that a problem.
That's reason why I lost my faith in capitalism
I'm not the only one who had David Koch throughout their mind during this episode.
Xavier Lamar I thought of Zuckerberg. He emailed Podesta and asked how he could use charity to alter people’s thought on immigration and other political things that benefit Zuck.
Thank you for doing the most important entry in this show. The influence of our billionaire class and our disgraceful system is the issue to top all issues. If this imbalance of power and our failure to properly tax the rich are concerns for you, vote Bernie Sanders in the Democratic primary and join a grassroots movement to empower everyday society and workers.
this aged well.
@@Galbra1th yep 'sad nod'
Jane Pappas ok commie
I sometimes wonder if billionaires still go vote, as they already control everything anyway.
not majority...
Is this a reupload or am I getting deja vu?
Eternal2401 This is a longer version,
The short version is on Collegehumor. This is TruTV
Watching this after watching the Joker movie has a huge impact
"You know who would be a bad firefighter, an arsonist!" 💥
Omg this is perfect, I'm saving this video for future Twitter debates lol.
Why are “entertainers” like Adam just about the only people who are still doing the job that journalists are supposed to do?
2:20 cousin greg is no czar. we love him as Tom's executive assistant
Never send a private industry to do the government’s job.
Thank you for keeping it real bro. For real.
0:48 for all INTENTS AND PURPOSES.
As you were.
We work the farm, we harvest the food, we process the food, we deliver the food, we cook the food, we walk across the floors we scrubbed in the mansion we built and serve the food to the billionaire's table where we don't get a seat, and after they've gorged themselves they sweep the crumbs onto the floor for the peasants and call it "philanthropy".
Billionaires become and stay billionaires through OUR hard work and then turn around to throw us a dime and say they're being generous.
😂
@Jace Ortman I was replying to Axel bud, not you
No one with even half a brain ever considered billionaire "philanthropy" to be selfless. No one.
Yeah I always assumed they weren't donating money, they are buying good PR
@@smashingbarrel7942 ...ok? And what about the ones that don't? lmao i could say that about anything.
@@jkm7983 Yep. Things that I have noticed over the years. Are. Sick.
@@hiteshlalwani8039 can you give some examples
@@smashingbarrel7942 he said at least half a brain
“An act driven by results or inclinations is not a good [moral] act.” - Kant
I'm a massive fan of Anand Giridharadas. I found him as a result of watching lots of Jordan Peterson videos. I agree with him totally. He's very smart and entertaining to watch. We need more people like him. I highly recommend that everyone watch his very important interviews. Thanks.
So true. Every word. Red-pilled knowledge. Thanks for posting.
Adam should do a episode next about charities and their fraudulent practices. You would be surprised at how little of donation money goes to actually helping the cause.
Adam couldn't go after The Bill and Melinda Gates Foundation, because They Actually Helps People.
The foundation does good work in an efficient and effective way doesn't prove they are established purely for good will.
Still appreciate the work of theirs though
That's an exception to the rule. Hell, Bill Gates even left his job at Microsoft to run his foundation full time with the main purpose of finding ways to give his wealth away.
They help people more than the government
@@nulolove really?
That actor is too handsome to play Zuckerberg.
“You know who would be a bad firefighter? An arsonist. “ well said!
"BUt da moNeYs wILl tRicKLE doWn tHo!"
I mean, I imagine those construction companies building the hospitals probably get paid for their work...
@@Shifterwizard a minimum wage, not enough to even make a dent in the fortunes billionaires keep locked away. Some mone trickle down, just not enough to make that a valid argument to defend their doings
I love this show. Never stop
Sadly, this comment didn’t age well…
Read the fine print on most donations.
A lot say, only .050 cents on the dollar is donated
So about 50% of what is given helps out
So if they made 10 million in donations, then
about 5 million helps out
The rest of the money disappears and goes ??????
Your math is off a bit. 0.05 cents on the dollar is 0.05%, not 50%, which would mean $5,000 out of 10 million helps out. If you ever see a charity with that low of a percent, definitely don't donate. Of course, if you meant 50 cents on the dollar, that would still be a bad rate, and you should look for a better charity.
As to where the money goes, advertising, salaries, and hosting elaborate fund raisers to appeal to the wealthy. For many a non-profit business, the business aspect is more important than being a charity.
If a billionaire was truly philanthropic, they wouldn't be a billionaire.
They spend most of their money back on their companies, and when they have enough they give to the poor, gosh you people are so short term minded
Funfact: The percentage of arsonists is highest samong firefighters.
I recommend donating to museums and small organizations! I work for a non profit museum and we’re fundraising constantly to be able to expand our campus to include: an education center, update our main building to be ADA approved, larger gallery space, and an on site shop to restore our collections! Help small organizations!
Does no one else feel sad about the mans fake Picasso? He didn’t even argue about it or ask how the specialist knew that it was fake.
Billionaires probably disliked this video
So basically the same problem for thousands of years? Quick question! What's the solution?
According to historians, we can either have another plague, start WW3 or have a communist revolution. Take your pick.
Then again if rich people are the problem, just stop going to walmart and making them richer. Bunch of hypocrites I swear. Put down your phone's since apple has child labor in asian factories.
@@dspark5477 wait wut?
@@tnrgaming344 que?
@@dspark5477 "don't like civilization? Don't use it!"
Same people: "why are you complaining you nuts, you ain't participating."
Charity shouldn't exist cause no one should be in the position to resort to charity
“You know who would make a terrible firefighter? An arsonist!” Great analogy to put things in perspective.
I literally am weeping for humanity after reading this comment section.
My grandmother always said, "we need more Robin Hood bandits to balance out all the philanthropists."
Robin Hood robbed the government due to the high and cruel taxes and gave it back to the poor.
If i was a billionaire.... I need to avoid this
avoid IRS, you mean
Then become one...it’s not that easy
Rizki Djakaria no I mean avoid the crap the billionaires are doing and pay taxes
@@KenGutierrez01 i can only say Amen to that
You have scruples. That's good. That will also prevent you from befoming a billionaire. No one earns a billion plus dollars. It only comes wirh abusing others and a fair bit of luck besides.
"you know who'd be a really bad firefighter? an arsonist." this reminds me of the Philosophy Tube video about Steve Bannon
philosophy tube slaps so hard
There is a video from a meeting of immensely wealthy individuals talking about philanthropy and one of the guest speaks goes into great detail about this topic. Saying the best things the wealthy can do to help with inequality is to pay their flipping taxes. As well another speaker that talks about how most of the "good jobs" they're creating don't actually take human dignity into account at all. Like workers in a meat processing plant having to wear adult diapers because they're not allowed to take restroom breaks. That a good job is meaningful to the person not just financially. This seems like something the wealthy seem to have a hard time grasping.
If you think arsonists can't be firefighters, you haven't watched Fire Force
they talking in the real world not in anime but i like fire force too
@@Ericgatesshop is Fireforce good? I'm skeptical about it.
One of the most prolific and famous arsonists in history was a firefighter turned arson investigator who set hundreds of fires across California.
@@eldiantre7346 That's more a case where a really good arsonist would be a fire-fighter.
..Also that would make a really good TV show.
Money is just a tool , how you use it is up to you.
“Money, so they say is the root of all evil today. But if you ask for a rise it’s no surprise if they’re giving none away.”
-Roger Waters
I don't think money is there root of all evil. The love of money is.
Hunter Scheib semantics
@@hunterscheib6882 that's Jim Rohn isn't it? Haha
Basically Beast Philanthropy
me: *watches Adam ruins every thing
my dad: why arnt you doing online school
me: but I am learning
1:12
Yea because congress has a great track record of spending tax dollars wisely
*deep ukranian accent* don't you say comrade
Zuckerberg emailed Podesta and asked how he could use charity to change people’s minds on immigration and climate change.
I can name at least one rich guy who gives away most of his money and doesn't get a single dime in return: Keanu Reeves.
Pretty sure Paul Walker did this too. He even donated a ton of his time to help people in disaster stricken areas in person.
Anand: "you know who'd be a really bad firefighter? an arsonist"
Abigail: * chuckles *
*There are 8 people on this planet at this time who's combined wealth is more than the combined wealth of half the people on this planet. Their combined wealth along could feed, cloth, educate, & shelter every homeless and hungry man, woman, & child on this planet right now for 2,000 years 24-7-365...js*
If you try to take whatever they have their market value will drop to 1/100th of what ever its worth right now.
What's it to ya.
Do they deserve that
you do realize that every rich person has between 65-80% of their wealth stolen by taxes every year right? and do you know what governments do with that money? Waste it.For example, the U.S. In 2015, the pentagon lost 6.5 TRILLION DOLLARS! It just vanished into thin air and it went unaccounted for. Or in 2012 when the U.S spent 1.3 TRILLION on a jet plane that is completely useless. The jet in question is about as useful as a plane from WW2 would be today. Meaning it is way behind every other jet technologically. both of these mistakes could have bought every homeless person (roughly 500,000) in America a 12,000,000$ home. It's not about the people who have money, because the government has most of it already, it's about the governments who have that money and what they do with it.
@@zachwinters4650 Actually most rich people pay barely any taxes. They use a combination of dozens of loopholes to bring their total tax contributions below what the average middle class person pays in taxes. It's very likely you paid a higher percentage in taxes than Jeff Bezos, the richest man in the world. Think about that for a minute. To really put things into perspective, Amazon receives millions in government subsidies, meaning taxpayer money goes to Amazon. AND Amazon paid ZERO dollars in taxes last year.
Billionaires are greedy and only look out for their own self interest. So what's new?
Who doesn't
@Noah Shanaberger Stealing...is exactly what billionaires are doing because THEY DON'T PAY THEIR FAIR SHARE OF TAXES. Then pretend they're contributing to the public good and do exactly the opposite in undermining our democracy with their money. The system is fundamentally flawed and needs more than a tweak.
@@MsZephyra since when not letting someone to take your income is stealing?
Taxation is theft and you know it
Long on feelings but short on facts.
This is the first ruin that made me feel bad good job, Adam I applaud you.
On Netflix series called explained, a full episode goes on explaining how the billionaires donations are contributing to the society, but toe they all looked like potential ideas for new revenue streams, none of them really hit the the rock bottom AKA poor people, if they affect poor people, they also have a good chance of selling
Thanks Adam, you always amaze us
Better give a man a job than to give him charity
While on the whole it's right about the influence the billionaire class have on the rest of us, it takes some HUGE leaps from what 2 sources actually say to what Adam claims. The 2 I checked on (because I wanted to share the claim with others but didn't want to say "I heard it on ARE" as MY source) -- "less than 10% of public contributions go towards addressing basic public need" -- the article only mentions 10% in this way when saying that "less than 10 percent of the world’s health research budget is spent on combating conditions that account for 90 percent of the global burden of disease". This is a LOT more specific than how the show framed it (disease research vs everything)
The statement right after that, regarding 75% of donations over 50M, is not found in the cited article (which, had the wrong author named), at all. It just mentions instances of the uber-rich donating for selfish reasons (& it not really helping the recipients).
Even if someone's "heart is in the right place" / their overall message is good, it makes me feel a little gross when they misuse data/evidence to make their point stronger.
well, hes done an episode covering mistakes in the past, im sure theyd be happy to take your note into consideration if you sent them a message!
Eccept its not the publics money, they worked for it
LMAO
you are a funny guy
They stole it from other much more hardworking people to make their empires. They did not "work for it," they are nothing without the labor of the working and middle classes.
"I'm one of the good billionaires"
There's no such thing.
TBF, can a billionaire who got that money without being in an authoritative business position or inheriting old money be said to be a bad 1?
@@lyokianhitchhiker yes
@@thomaso6579 Why? You act like them being a billionaire in & of itself is bad, even when they didn’t do anything evil to get the money
@@lyokianhitchhiker the money was accumulated in an unethical way and they are being complicit in that by keeping the money.
@@thomaso6579 I’m implying that if it wasn’t accumulated in an unethical way, they should be allowed to keep it.
God this was a great series.
Donate service not money. Donate service and you directly make a difference. Donate money and it goes to everything but the cause.