Sam Seder Debates Rich Guy Who Hates Taxes
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- Опубліковано 26 бер 2023
- Patrick Bet-David and Sam Seder discuss a much higher tax rate for higher earners then we currently have in the U.S. Later, PBD asks Sam, as a hypothetical, whether he'd still continue to do the Majority Report if UA-cam started to drastically keep more of the advertisement money than it does now
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The refusal of these people to ever actually honestly represent what is being said to them and respond to it, rather than immediately describing a straw man and arguing back against that, shows in crystal clarity how they have nothing whatsoever to actually say.
Patrick constantly chews on straw
@@sigsire9054 yeah PBD is extra funny in this regard, I've showed him to some pretty moderate people as an example of this and his getting pissed off, making passive aggressive comments and abruptly changing the subject without the usual grifter attempt of a segue is pretty uncomfortable for them.
Why happened Sam? Why did the Majority Report supporter you radicalized just kill 6 children?
Exactly.
@@beautifultrouble-vx4zj you really need to consider ending it all
PBD is such a tool
He's so bad at what he's trying to do.
@@pushbackx562 I call it meathead politics.
He always try to frame paying tax as some ridiculous scenario that he thinks you might hate as if that will prove his point. When talking with David Packmen, he try to frame government and tax as like a deadbeat relative asking him for money that he is never seeing again and he is tired of the debt (I guess that's how he felt about his relatives).
@@bilalc4415
Fkn 80s movie jocks
The Nashville mass shooter spoke about what she was going to do in the Majority Report comments section hours before the terrorist attack.
Reported to the FBI.
The US currently has the highest income inequality since The Gilded Age. It’s not great
would agree. Been saying we are in another one... And that era was in the 1890's
it's got a lot to do with that "Rich People's Feelings Meter", A.K.A the stock market.
Um... Hunger Games anyone?
@@floepiejane what?
It also has some of the hugest taxes in the world
What keeps getting missed; if you know you are about to end the year with extra millions in profit, rather than be taxed on that extra income you would increase your expenses to lower your taxable bracket. You could easily do that by paying your employees more, or by expanding your business with new hires. Hence the higher wages for working people, and less income inequality.
Dead on what I came to say. Executive pay gets soft-capped, and reinvestment grows, middle-class recovers, and standard of living rises. Emma did bring it up at the end, to be fair.
@@PuffyCloud_aka_puffeclaude I hit enter and then she said it lol. But like most things she says, no one was listening or elaborated on it.
What keeps getting missed is that it isn't the 50s and 60s and businesses are global and you need to have taxes in the range where you are competing with the world.
Businesses will move out of the country if the tax rate is too high. Anybody with half a brain understands this already except for the uneducated unqualified people who run this podcast.
This would also probably require the implementation of some kind of capital gains tax, as stock buybacks are currently deductible in the USA, and corporations would likely (and currently do) utilize this to concentrate wealth among shareholders instead of paying employees more
@@Riskofdisconnect Buy backs should be banned as the market manipulation that they are, and were illegal in my life time. Capitol gain should be counted as income, at least to some high percent. I think union representation on the boards of public companies have a lot of merit, Porsche, VW, do it.
A very smart woman once said:
"The problem with companies/rich people isn't that they want to have money, or most of the money. They want to have ALL of the money, and they won't stop until they have it."
I don't want the world, I just want your half.
Steph sterling perhaps? 💕
And you can THANK GOD for THEM.
@@unduloid We still haven’t walked in the glow of each other’s majestic presence.
@@scifisyko Parasites either kill the host or are removed with force.
The contrapositive to the claim, if you work hard you'll get rich, is poor people don't work hard enough. That position isn't supported by even a glance at labor conditions.
the stock market proves that wrong. rich people don't work, or spend their own money, they get loans to pay off loans ad infinitum, and then they die.
Right now the produtivity of the working class in the U.S. is 60% higher than in was in 1980 but from 1980 to now, wages only increased 15.8% wich means that the working class is not getting a fair compensation for the wealth they're creating. I'm not american but there isn't much difference in european countries and this rise in inequality is one of the reasons as to why the the far-right has been cementing itself in Europe as this is the sort of thing that populist far-right parties are experts at taking advantage off.
Poor people work like shit because they are starving who knew?
Work smart, not hard.
Work smarter not harder. Mentality. That’s the key difference.
Sam: "I'm not suggesting we cut revenue"
Patrick: "I get that"
Patrick: "suppose you lose all your revenue.. "
Exactly!!! 👍🏻👍🏻👍🏻👍🏻👍🏻 Did the same thing with David Pakman and Kyle!
😂😂😂
You really think pbd doesn’t know the difference between revenue and income?
@@moregaragedateswithnatespl5177 Based on his own shown inability to understand it on this podcast he either doesn't know or he's LYING to misrepresent his side of the argument, neither of which is a good look.
@@lewt187 his title being "rich guy doesn't want to pay taxes" yet he's talking about a 90% tax rate isn't misrepresenting?
“We don’t disagree on the problem, but we disagree on the solution”. Irony is that his solution is what created the problem in the first place. He’s lying when he says he doesn’t disagree on the problem of wealth gap, they are all for that 💯
Rich people can't exist without it
EXACTLY! They are literally arguing in favor of furthering policies towards their next logical step that got us in this mess in the first place. It's wild!
Pat Bet David is disingenuous on a few different topics. He is the guy who when people talk about the need for police reform and police brutality. He brings up the violence in Chicago, ignoring the feast that they are two different issues. Ignoring the governments role in creating the poverty and wealth inequality that led to the violence. Not to mention the fbi and CIAs role in flooding the community with drugs and guns.
@@richardellis8076💯🎯 I hate that bs
There will be a wealth gap as long as some people are wise with their cash and some people are not
Ive never understood the argument "well if you raise taxes for the rich they cant start more buisnesses"... good, i dont want them too. I want there to be more small buisnesses ran by more people, not every buisness ran by 5 people.
The fun irony is that capitalism is about healthy competitive environment. Which big companies try to destroy each time they have a chance.
The problem is some business by nature is big. If you are making CPU's or airplanes or cars there is no way to do that as a small business. Tax these industries at 90% like sam is saying and the economy just wouldn't work period.
@@OrganicGreens or maybe the government should sieze control of those industries. But we ain't ready for that conversation
nope, the just all of a sudden hate money at that point...sike!
@@azzy9358 fuck competitive, I'm about cooperation.
Sam: we need a 90% top marginal rate
Idiot: so you’re saying you want a 90% flat tax
“It is not great wealth in a few individuals that proves a country is prosperous, but great general wealth evenly distributed among the people . . . It is the struggling masses who are the foundation [of this country]; and if the foundation be rotten or insecure, the rest of the structure must eventually crumble.”
~VICTORIA WOODHULL, FIRST WOMAN TO RUN FOR PRESIDENT OF THE UNITED STATES, 1872
The Nashville mass shooter spoke about what she was going to do in the Majority Report comments section hours before the terrorist attack.
Reported to the FBI.
Well said.
Wealth isn't even a valid economic goal, it's only a side effect.
@@beautifultrouble-vx4zj Whats their youtube profile name.
Woman moment 👍✨
Nothing makes me laugh harder than a wealthy person not knowing the difference between revenue and profits 🤣🤣🤣
Nothing makes me laugh harder than a jealous poor person 🤣
@@ServiceInstaller
Aww somebody's projecting
@@xEnder515 Stay mad
@@ServiceInstaller
Cope harder
@@ServiceInstaller don’t you have some services to install peasant?
These characters are infotainment, stress on neither info or tainment actually. The disingenuousness is laughable. The guy with the questions will reframe the inquiry like a three card Monty con hoping to get an acceptable answer. They’re insufferable. Sam played them like a fiddle.
I really dig your syntax, so please let me suggest a nor there. It's correct and helps the rhythm. Sorry to be so pedantic. Cheers ✌🏽🌻
I would be willing to bet $100 that guy reeks of cologne.
Drakkar noir 😂
Hahahaha
Well he's Persian
Axe body spray for sure
@@Anthony-dy5cq That was exactly my first thought.....very 80's
Because he's rich, he assumes he knows things that he does not. He assumes he understands things that are actually outside of his scope.
What if he was poor then made himself rich? Which last I checked he did.
@@Klash716 Then good for him. That doesn't make him an expert on 20th century US history, or macro economics, or public policy, or marine biology. He's expert at putting money into his own pocket and if he has enough of it, he can pay to get his way and have people say he's right, when he's wrong.
@@sheli5483 Corruption is the problem not his money,. If there was no corruption who he could pay is irrelevant, Make corruption punishable by 30 years in prison rather than try and take money out the hands of people who have the ability to make money better than you. Once you solve corruption bribes disappear and he will be taxed fairly. .
@@Klash716 horseshit, thats so naive its hilariously stupid.
@@Klash716what a braindead comment lol
something i found funny in this interview was the PBD guys argued that popularity isnt a valid measure of success or good in response to sam's argument about medicare/medicade, but turn around and make arguments like "everyone wants to immigrate to the USA, therefor the USA must be great" later in the show
I absolutely loved Sam's appearance on PBD. The more you watch PBD, the more kind of infuriating it becomes, because he's 100% just a "classic dumb guy." He's kind of charismatic, but almost entirely wrong and completely convinced he's right. His head is just impervious to certain notions.
He's strawman advocate. Slimy salesman vibe
What little I see of his show, he came across as both disingenuous and dumb.
Hardly a dumb guy. The man came from nothing and built a hugely successful business.
His interview with Roland Martin is really frustrating to watch.
He’s the alternate universe conservative version of Cenk Uyghur.
PBR is so funny. He comes off as such a goof. It’s incredulous to him that anyone could have business ethics. It shows how morally bankrupt these millionaires are.
The guy got rich running a sleazy MLM insurance company where nearly 95% of the licensed agents make less than minimum wage. Coffeezilla exposed his MLM co.
@@sevensages5279 all insurance companies are pretty much scams, so dang this dude was really bottom feeding. You pay premiums and a deductible, and mine only pays 80% of a rental, so even though it's not my fault, I'm still out a grand, for no reason. (someone hit my parked car, and it's going to cost me money even with both insurance companies involved, fucking joke).
What's ethical about taking someone else's money and redistributing it according to someones else's moral compas? Why stop at 90% and not go full Soviet Union and socialize the means of production?
@@solomonroskin8879 Because that money was only made due to the surplus garnered from various areas. They could have increased productivity without compensating workers appropriately, they could have cut out programs and benefits, they could have gotten rid of yearly bonuses, they could cut out senior workers and staff the ground with all juniors and one senior supervisor. There are plenty of ways to maximize surplus at peoples expense and by now people have largely seen just about all the petty method corporations will use.
In short, the money they think belongs to them is largely made on the back of people who simply were kept ignorant as to how much value their productivity actually made.
@@solomonroskin8879 The money is only "someone else's" because of the system we've created that awards that person the money, and it's not awarding it based on work.
The "work hard and anyone can be wealthy" mantra is just the secular version of the prosperity gospel.
😄😄😄
That's always been the dumbest argument, just like when people credit a rich person because "he worked hard." Well, roofers work card, coal miners work hard, social workers work hard, teachers work hard, on and on.
Nah, if you work six days a week and put in 12 hour shifts it’s very very hard to be poor
I've had this conversation (or some version of it) with a few of my conservative coworkers and the line I usually go with is "Are you pretending to not understand the difference between taxes that business pay and people pay or would you like me to explain it to you?" or "That's not how marginal tax rates work, would you like me to explain it to you in more detail?" when I know they know how it works.
I've gotten one or two people to tacitly admit that they understand but most of the time when they realize I know more than nothing they want to change the subject.
The number of them who try to make themselves seem business savvy but have 0 understanding of taxes is astonishing.
That said, the PBD guy should understand this. There's no way he doesn't. He just knows his audience is too dumb to understand it and too ignorant to question it.
That’s what happens whenever my dad tries to propagandize me with some bs he heard god knows where, it’s mostly harmless with him cause he’s 85 and he doesn’t care that much but he’s a lifelong Republican so he can’t shake that part of his identity out of him. Politics is just a way of feeling like he belongs to something to him, he honestly doesn’t care what the policies are. His value system is actually way more left of the gop, but he still tries to what about , even non political stuff.
Whenever I counter whatever flawed point he tries to make, he usually has to go soon afterwards. It’s never that heated , but some people just cannot bring themselves to say they were wrong especially if it goes against part of their identity. I have far more success in convincing him to do healthier things (like just stop following politics) then to change his mind about a political belief
Where do you go to learn this stuff
Then they accuse you of being a libral elitest lol
@@agny369 You know exactly where he got that bs. Fox.
Sam is right about Kansas, my wife worked for the state government at the time, and it was crazy what Brownback did, that's how it got the name "Brownbackistan".
You should have responded with, "are they going to wait to charge me 90% after I make my first 3 million after tax?"
This debate was funny. You could sew these guys break in real time. I loved when Sam was like "you know this, being an insurance guy," and dudes response was to metaphorically drool on the table. The realtor bit was fantastic as well. Way to go Sam.
@@beautifultrouble-vx4zj No shame for a ghoul like you.
@@beautifultrouble-vx4zj
The same day Trump and Fox News grow a pair and face the music
@@beautifultrouble-vx4zj in what way did they radicalize them(be specific) and will Donald Trump and the right apologize for radicalizing all of the straight white males who are statistically FAR more likely to commit acts of domestic terror(with percentage of population already taken into account and not to imply that the shooting in Nashville was an act of domestic terrorism without knowing the motive yet)?
@@beautifultrouble-vx4zj trans fever dreams at night? Do you have the same energy for straight male mass murder?
@@beautifultrouble-vx4zj when has Sam or any of them ever advocated for any sort of violence? If you wanna take that shit anywhere go to Vaush
If the government needs to set minimum wage and they can set the floor, why not a ceiling to the "maximum wage" via taxes? It seems very unfair that majority of people cannot make a living wage while the rich can own so much of society.
The problems with having a wage cap is that it takes away the incentive for people to be more productive and create values. People are under the misconception that rich people are making so much because they are exploiting the poor. While some of them might be greedy and exploitive, most of them create valuable products and jobs, thus boosting the economy in various ways
@@gupeter2922 meanwhile the wages of their employees who ACTUALLY create the value have been stagnant for decades. Rich capital owners exist by definition because they exploit the labor of people who create more value than they are compensated for. Its basic math. If a wage employee were paid exactly their value, there would be zero profit.
@@gupeter2922 does it? I don't think so. They are making excessive money due to exploitation of labor, 100%, been that way since jump. What percentage of crap produced is actually 'valuable'? I see no value in hedge funds, or the stock market as a whole, so stop trying to please these people that produce nothing.
@@solomon_doors they act like there's two pools of money, but no, it's just one pool that the CEO and other C levels take too much out of, also the useless shareholders.
@@gupeter2922 Facebook creator and Amazon creator had no idea how much they would make, creating is the incentive, how much asset wealth you have is the measure of your success, once you've made fu money, $$$ no longer incentivize you. So you can totally cap that $ h i t.
Top tax rate is not effective tax rate. Repeat until it sinks in.
The general population doesn't understand tax rates. You don't get taxed 90% on your entire income. You only get taxed in brackets. So you're still getting taxed exactly the same until you make $1 over that bracket. You don't get taxed a certain percentage on your entire income. Rich people know this but they try to make average people think the government is taking all their money from them.
I don't get why they argue that less taxes is better. If they don't want to pay taxes just move to Dubai. Zero tax rate. Here come the excuses though.
Was just coming here to say that.
Plenty of places with no taxes.
They just aren't Democratic societies.
@@flangekiwi yeah but Dubai follows Gods rules. So they should be super excited. No trans, no gays, no drugs. Just like they always wanted.
Many companies incorporate offshore for this reason, not new.
@@johnsinglet575 yeah they manufacture in other countries but live here.
@@czrs85 lol, Dubai has ALL of that and more.
If I were making $4m a year, and then suddenly I was making $3.1m a year, yeah I'd still bother to get out of bed I think
“No Sam you don’t understand, I want to justify my greed”
Meanwhile Sam Seder makes excuses why he can't pay more taxes even though he admits he's absurdly rich. Majority Report fans really are stupid.
Im sure you're full of greed
I think what is missing from this debate and debates where someone brings up higher taxes are 2 very important things:
1. Defining capitalism
2. Defining what parts of the economy/society the government is better equipped for and therefore should not be part of the “free market”
If you look up types of capitalism, there are 6 types: oligarchic, state-guided, corporate, entrepreneurial, laissez-faire and welfare capitalism. People can debate what type of capitalism we have in the United States. But I would argue that it is either oligarchic capitalism or corporate capitalism. Both are thought of as “free-market” economies but they are NOT truly free market systems. Corporate capitalism may make the market more efficient but those with an advantage (either through a monopoly or political power) use their position to further their advantage ever further. We refer to this as “anti-competitive behavior.” Corporations and politicians are guilty of this.
However, corporations and politicians can be bad for both the economy and society if they are able to rig the market to their benefit. It allows them to raise prices or drop standards as they want. And other problems arise if they are able to affect politics in a way that frees them from social responsibilities such as paying a living wage or not damaging the environment.
So those of us bringing up the topic of raising taxes on the rich or “socialist” policies are NOT against capitalism. We ARE against “crony capitalism” - a collusion between corporations and governments or corporate capitalism.
We just want everyone to have a fair chance in society. That means having regulations and tax policies that help individuals in society all start on the “Start Line” instead of some people or corporations starting on the 90 yard line of a 100 yard dash.
That brings us to my 2nd point. There are certain things in a society that should not be part of the “free market.” Because their purpose should be the good of all people not distributing resources to those who are able to afford it. For example, Healthcare should be one of these. Fire departments, police departments, post offices, and public schools should fall into this category. We should not leave these up to the “free market.”
I would even argue that Medicare/Medicaid is an example where the government is better equipped than the “free market” because the “free market” is corrupted by “crony capitalism” or corporate capitalism. The markets are no longer competing and providing the best quality for the cheapest prices. Medicare operates with a 3% overhead. With insurance companies as the middleman, they operate with more than 10-13% overhead. If you paid in taxes to the government what you pay to insurance companies as insurance premiums, you would pay less!! So when Medicare For All is brought up, remember you may pay more in taxes but you are SAVING money by not having to pay the same amount as insurance premiums.
I can see where markets work and where capitalism works. The importance is in differentiating and having a nuanced debate.
The guys that were talking on that podcast literally had NO IDEA what that were talking about. It's infuriating and hilarious.
huh? which guys? The one's clearly name in the description, and channel name? You're hilarious.
I like your username. Just wanted to say that. I have no point, just cool name.
Sam turns into a stuttering mess when called out, lol you’re clueless
@@aarondaniel9986 lmao that’s funny considering this jerk PBD didn’t even know the difference between profit and revenue…must have a baller accountant
Suprised those guys didn't say "Ya, but you take 20 minute poops" at one point.
When is the Majority Report going to apologize for personally radicalizing the transgender terrorist who just killed 6 children?
@@beautifultrouble-vx4zj When Trump, the GOP and Fox apologize for radicalizing viewers to the extent that they have. That is never going to happen.
@@beautifultrouble-vx4zj Time to report conservative spammers that want to gag Sam Seder for a person that was listening to his channels crime.
@@beautifultrouble-vx4zj I hope 1 of you is brave enough to say some shit like this in person when I am around, I keep hoping and you bishes keep hiding on the internet. Weird.
@@beautifultrouble-vx4zj Personally? Did the shooter write in their manifesto about the Majority Report or is your grip on what is real that tenuous? When is the GOP going to apologize for making persecuting trans people their primary political message? Here's what I see happening: Persecute trans people, which is stochastic terrorism, and then when some unhinged trans person lashes out, weaponize that to further persecute trans people.
PBD: “if all of a sudden, the fees went to from 5% to 690000% would you still make content” 🤓
That high tax rate is there to force you to invest it back in the company… mainly paying your workers a higher pay rate and hiring more workers.
@@coopsnz1 That's the point.
@@coopsnz1 Lower taxed countries private sectors dont invest appropriately in their workers either do they? So there goes your point.
@@coopsnz1
So why aren't the private sectors of those countries in a rush to relocate to here?
Also… taxes to federal government aren’t a private company. Taxes are used for my benefit (for the most part). Yes tax money is poorly used sometimes, but a rich corporation is misusing my money for their benefit with no benefit for me.
Ive never thought about it that way, ive always just made the point that the government screws me, but a buisnesses express goal is to screw me.
@@nogoodlib that's what I don't get about righties/fascists, they gov. is your best bet, even though it's flawed, corps are guaranteed to screw ya, at least the government is accountable to the public to some degreee (thanks gerrymandering and money in politics).
@@gibbsm I feel like everyone who says things like "the government is corrupt" has never actually been in a large private organization lol. They're honestly at least as corrupt, most of them quite a bit moreso. It's just that they don't have the same kind of transparency expected in government, and in fact a lot of things that are considered corrupt in government are judged absolutely fine in the business world.
Excellent point. Spread it far and wide
Corporations do not benefit you? Thats a ridiculous statement to make on a free youtube channel
no one ever accused these right wing talking heads of being critical thinkers.
the correct answer to the “would you still make ‘content’” question is “If I was ‘making content’ just for the sake of making money, my show would be about how rich people are good and taxes are bad” haha
😄😄😄
The middle eastern guy appreciates America’s roads and national parks. He doesn’t understand why he left his country
He kept going "BUT WHAT IF THIS THING TAXED YOU MORE...UHHH...WHAT ABOUT THE OTHER THING"
Yeah he had nor did his co-hosts understand taxes. I've actually listened to a few of his other podcasts he loves libertarians and scientology.
"WHAT ABOUT THE WHALES, SAM??"
I can’t wait to listen to the podcast at work tomorrow. Kyle Kulinski,David Pakman and now you Sam. Hey, I like how at least PBD Is having you folks on.
Yeah I respect them for not bowing to the anyone but Seder rule like every other rich rw talker.
He's not as cowardly as Steven Chowder.
@@tethergobrrr most of them don't allow anyone on the left besides Sam Seder either. They stick to debating unprepared college kids because that's the best chance they have at a W.
@@rabd3721 Sam Seder publicly accepted my open invite for left personalities to come on my show, we would cover all costs
He then privately DM'd me saying he wouldnt actually come on and then used it to generate content for his youtube channel
He is a liar and a coward'
- Tim Pool, 23 June 21
@@basedtruthpiller7140 Who's Tim Pool? Oh wait is he the guy that said Trump would win in a 48 state landslide? Oh, wait no he's the guy who said Republicans would get a red tsunami in 2022 midterms right?
I think you missed an opportunity when he mentioned "why do most people want to come to the US" and compared it to a good movie.
By his logic, Marvel movies are the best movies when everyone knows they are cookie cutter.
Only delusional people want to go to the US. Smart people want to go to everywhere else.
The donut even argued against "popular is better" earlier in the show and then later made that dumb argument you stated.. Completely forgetting he was arguing for the opposite earlier.. Flip flopping for the sake of narrative shows how lacking he is in integrity and character. Its all about what is most opportunistic at any given moment for him. Not what is fair or right. He exposed his own dumbass.
There are countries people can live in without taxes. Unfortunately, you have to buy your own roads, infrastructure, and security.
But tax is progressive. If you're making less, you're taxed less...if you're making more you're taxed more. That's the point that needed to be made in response to his scenario.
You already know how pat would respond. He loves pretending he's 10000000x more valuable than your average worker. One of those guys.
Pat built his company from nothing. I think he deserves to feel that way.
@@ryan7864 Really? He built his business, personally hammering every nail and laying each brick of the office he currently infests?
He built the roads, the internet, the ports, the entire infrastructure that his business relies upon to make its profits?
He works 1100 times harder than almost everyone else?
He should be taxed at an effective rate that is far lower than those of school teachers, firemen, tradesmen?
Libertarians are sociopathic slime molds.
@@ryan7864
Unless he built it with zero employees, you've made randy's point for him.
@@ryan7864 pat built his company off essentially a bunch of advisors. He is Far from the brightest bulb in the room and it's not hard to see either.
@@ryan7864 pat built his sleazy MLM company off the backs of the desperate people he recruited and sold them on the idea they could make 6 figures selling his MLM insurance. He was exposed by Coffeezilla and the details are devastating. Nearly 95% of the licensed agents make less than the federal minimum wage of $7.25 hr.
I love when Sam dunks on rich people
Sam is very rich
Only this tiny lil circle here think he dunked on anyone there bud. lmao he looked like a fruitcake when asked simple questions, but of course those were cut from the snippets here
@@bobbobb5759 thats goes PBD fanboys like you too, yes? "lil circle"..
@@bobbobb5759 Sam was trying to explain to a f**king cement head, who is so stuck in his rich guy world, that taxing people 90% on every dollar every $3 million they make each year, is not going to harm them, and the lunkhead not grasping that, then changing the subject, was laughable. And the host trying to equate income for a business to taxes on the profits? Honestly, how the hell do you not understand there is a difference between business income, and taxes? Do you grasp that? Because clearly that lunk headed host couldn't.
Sam is rich
I don't think he fully understands taxing, but mainly it seems like he genuinely can't comprehend that his personal profit would be reduced, hence he kept bringing his 'point' to business. Because he's the guy that thinks he'll just fire people and take more money from a business to off set the personal loss. He also doesn't know that wouldn't be effective. He just can't imagine a world where he has less money.
I love when they lie and try to act like high taxes would even be applied to revenue, not profit...
@@ZealothPL But either way, when you higher the taxes, you lower the incentive. Why try so hard if all the extra money you make gets taken by the government? High taxes can still crush businesses as running a business requires highly dedicated/incentivized people. The average 9 to 5 worker could not run a successful business and the business owner may turn into an average 9 to 5 worker when the incentive is gone.
@@nathansandberg3390 yeah, the taxes are supposed to lower the incentive...to exploit people and extract profit. Its an incentive to actually reinvest money into your business and the people who make it work. Its hilarious that anyone has the gall to claim that people making top 1% income would instead prefer to be a wage slave to avoid paing high marginal taxes
@@nathansandberg3390 If the demand is there, such that you could make profit in excess of $3M, and you don’t have the incentive to gobble up that demand based on the fraction of profit in excess of $3M it would provide, then that leaves the opportunity for someone else to take on that demand and grow their wealth. That would also lead additional competition which is healthy for a free market.
@@kiranasangvato6978 any time you take away incentive, you lose some of the overall production because some people will work less hard. If that happens, there is less overall wealth since it’s based on production. This means that as a whole country, we become less successful. Over time, that means lower quality of living and less money for the government to potentially tax. So part of my issue with it is that it seems like it leads us down a slippery slope to socialism.
I also just don’t think it’s fair for anyone to take a portion of someone’s hard earned money just because they decide that they have too much. The thing that makes America so great is that you can go work has hard as you want and take on as much risk as you want and have the potential to make as much money as you want. What if someone wants to make a lot more than $3m? Isn’t that his choice?
What about the ones that make a living off the expensive services and products he wants to spend his money on, like cleaning, landscaping, transportaion, housing, etc? And what if he wants to give all his excess to charity? Now his ability to provide a charity is crippled. It should be nobody’s business to tell him how much money he’s allowed to make. So maybe something that could happen is that instead of spending his money or giving to charity, he could just invest that into the company. But why not let him have the freedom to decide what he wants to do with his money?
Personal income tax doesn’t tax the wealthy, it taxes employees.
Sam almost gave away the secret. As a business owner, Sam doesn’t need a high income to get the things he wants. Most of his needs can be met through the purchases of his business, which is tax deductible.
Making high salaries less desirable, reduces the cost of staff and on air talent and increases his gross margin.
Taxing personal income doesn’t tax the wealthy, it taxes high value staff and employees who have to work for a living but don’t own their own companies.
Wow! That dude constructed one horrible analogy.
After watching Sam, Kyle and pakman on his podcast he definitely does suck at analogy
Dude is know for having THE worst analogies!
Wow love their false equivalency. Ugh, they really know how to deflect. They know exactly what they are doing.
who the hell are you talking about, who's "they"?
@@gibbsmthe guy in the video and other disingenuous rich people... Pretty obvious
I hate when people say "if you work hard, you can make a lot of money." As to say that the working class, who the majority are living paycheck to paycheck with little to no savings or decent health insurance, if any at all, dont work hard and thats why they dont have a lot of money. I bust my ass at my job and my husband does at his, so why arent we millionaires yet? Why isnt the rich millionaires and billionaires called "the working class" and the rest of us called "the lazy moochers"?
Hearing multi-millionaires complain about paying more in taxes above $3M is hilarious to me, but in a sad and disappointing way... just so greedy...
Right? I can't even imagine what my life would be like if I made $1 million a year. I've been elated when I was making about $45,000 a year back in 2019. I mean it helped that my husband made around $60k at the same time. But complaining about being taxed 90% on anything over $3 million a year is just unfathomable to me.
NYC is also hurting because of the suburbs. The state takes money from NYC to fund suburban expenses like roads etc. Also a large amount of commuters earn money in NYC and spend it in their hometowns and pay property taxes in their towns.
I'm surprised NYC doesn't have a location-based work tax
Legitimate question: Let's say The U.S. decided for whatever reason to end all forms of taxation (or theft as Libertarians call it) for just 1 year. How would that impact The U.S. economy & all government programs?
the value of our currency would tank and runaway inflation would destroy its value maybe forever
that's libertarians ultimate goal, to completely devalue the dollar and replace it with something they control
Hey now, don't ask perfectly normal and reasonable questions. Things would just work out because everyone would voluntarily pay for things they think are useful to them personally. That definitely makes sense and is the entire point of us coming out of the caves and creating a civilisation in the first place. So we could only think about ourselves.
wouldnt government , then the economy, just fall apart since government workers are paid by the taxes generated by the populace?
I've tried this before. They step in and say "uhhhh private industry would save the day". They don't answer these questions rationally, they just insert their religion.
Just imagine what we could do with progressive taxation.
A major flaw, and one of the superficial errors in his argument is that the percentage taken by these companies is not redistribuited in public services the same way tax is. These decrease in ad revenue does not lead to more public services, but instead, bloated CEO salaries...
People seem to not comprehend that there will be a positive impact on crime if there were more equality as far as wealth is concerned. Life would be more pleasant for society as a whole.
8:57 hold up at this point he is applying the 90% tax rate on all the income instead of applying it progressively. He can say they take 90% but after $5 million then it would not affect 99% of UA-camrs.
I watched the debate on the other channel and the only thing I could think the whole time is "yeah, I'm going to not make 3million and go work at fast food for under 20k because taxes are too high"...said no one.
Easiest way to say it, you're talking about the income you get from your business, not the income OF your business
Why can't I just hoard wealth like the cold blooded serpent I am?
I've known about PBD for 4-5yrs now. I've always thought he was a mental light weight pretending to be a deep thinker. Years ago though he seemed to be willing to have a more honest conversation, you know... before he blew you off & acted like his ideas were better. The vibe of this was kinda confrontational & dishonest... like he was thinking "I'll say anything to try to get you to sound like you agree with me " ...not surprising but lame
He's lame af. I can say I know him because of what he puts out, it must be him right, or else he wouldn't put it out? He's a con-artist, a "Confidence Man", I can see right thru it.
PBD showing a gross lack of understanding of even basic finance. He's just another fraud who took money through an MLM.
So he is a slimy pyramid salesman ah?? Can't stand him.
Man these guys are very generous. I wouldn’t adjust for inflation much at all. No one needs to personally make more than $500,000 a year. No one. My ideal tax rate would be 100% after 500k. Of course a caveat would be that entire government system was reformed drastically as well.
Don't we all hate expenses like taxes but rich people don't pay their share but enjoy and benefit from infrastructure, the military, law enforcement, prisons ...
When Kulinski was on PBD's show a few months ago I was highly disappointed with Kyle's ability to explain his politics/policy proposals in detail. Every time it seemed like he'd just fall back on summing it up by saying 'like Bernie" & not explain anything in detail. That's such a lame copout, especially on a show like PBD's where people who have opposing views could've heard Kyle, liked him & been open to his perspective if he'd just have given a halfway decent explanation
Kulinski is a liberal who likes to pretend to be a leftist, imo
I get the sense that this man is JUST SMART ENOUGH to be dangerous in certain specific ways, and then ROCK STUPID about EVERYTHING else.
Taxes are bad until there's a bailout for companies
In his mind Taxes are the same as Corporate Exploitation. But it isn't.
In corporate exploitation, they pay you less to keep more money for the top earners.
Taxes, you pay the government to keep the basic necessities of the country working.
🙄🙄..
Patrick Bet-David understands completely about the income inequality that Sam is explaining. He pretends that what Sam is explaining is just so confusing and so undoable because he **DOES NOT CARE**!!! His mentality is one of "I've got mine--screw you!!!" 😒😒
You make your wealth in this country--you reinvest your wealth back into this country by paying your fair share in taxes. You make more money, you pay more taxes. It's that simple, and Patrick Bet-David understands this **full stop!!!**
PBD, got rich off running a sleazy MLM insurance company where nearly 95% of the licensed agents make less than minimum wage. Coffeezilla exposed his MLM co.
I'm not so sure he understands this though. I think PBD is incredibly naive and thinks most rich people think like him and is a good faith actor. I believe he is winnable if he keeps hearing from lefties. So we'll keep them coming!
Where are the Libertarians!?!??
Counting their gold coins in the corner next to their pile of guns
To be fair, 90% above three million is drastic, and we'd likely be better off making both the income and capital gains taxes progressive up to 50%.
Great job yet again Sam. Thanos strikes again
Hahahahahaja that made me laugh. Sam is Thanos
Why happened Sam? Why did the Majority Report supporter you radicalized just kill 6 children?
@@basedtruthpiller7140 99% of mass shooters are racist white guys
How do these rich people think they built airports to land their private jets it is called TAXES
There's a huge difference between fees and taxes
The incentive argument is especially dumb because it’s not a flat tax. Nobody is gonna be like “whelp, time to quit my job. I make 3 million and only get to keep 1/10th of every dollar over that”. When all the other brackets are taxed lower.
Love how he kept trying to nail Sam on these pure hypothetical arguments that are completely made up.
they got nothin else, conservatives spend their entire spare time raging about fake imbecilic shit. why they're also so religious, its a smooth brained world.
Trickle Down Economics is a complete failure. Just like all the privatization of government. More costly and corrupt. Vote GOP seditionists out. Trillions have left our country to international banks and unknown group power. Mercenary military groups now filthy rich on wars, corrupt leaders, etc. They even interfere in our elections. Destroy and ruin is their business.
It makes me mad listening to this without anyone shouting out that the first $3 mil isn't taxed at that rate. This ex military guy needed to have the math worked out for him to show that $3,000,001 at that rate would have only gotten him taxed at the 90% on $1. The guy is talking like it was going to be some serious quality of life hit.
how can you justify taxing anyone at 90 percent rate? If if it just the first dollars after the 3 million income? How is the government taking away 90 percent not considered theft!?
@@wraynephew6838 Because people think it doesn't them, its something that only effects people doing better than them which makes it even more appealing. What I don't understand now days how so many people watch creators who spouting all this socialist dogma while they are making millions themselves, using the same tax "loopholes" and are contributing very little back since they usually employ little to no staff ??
There was another great example of how terrible big unfunded tax cuts are in real life. Last year in the UK, the government announced large tax cuts for those on the highest incomes which put a huge hole in the budget. It was done, purely ideological exactly for all the reasons that neoliberals love.
It completely tanked the economy overnight. Interest rates went up 3%. The currency fell 15% against the dollar. The markets lost confidence overnight and the Prime Minister and Chancellor were both gone within six weeks.
So if even the capital markets hate this policy then why the hell is anyone still pushing it?
0:00: 📈 The speaker believes that increasing the top marginal tax rate is necessary to address wealth inequality and fund programs like Social Security.
3:27: 📚 The speaker discusses the impact of personal income taxes on their business revenue and argues against comparing it to changes in platform fees.
7:22: 🗒 The speaker discusses the decrease in value of ads and the personal business advice given by someone in a big business play.
10:00: 📊 The speaker discusses the difference between personal income and revenue for businesses and argues against cutting revenue for businesses.
13:30: 💰 The speaker criticizes the argument that anyone can become a millionaire through hard work, pointing out that it is impossible for everyone to be millionaires and that wealth inequality is a consequence of the system.
Recap by Tammy AI
Lol even with PBD clipping up the conversation, Sam is still speaking more sense than PBD.
The only problem I see about these taxes is when you don't see where the taxes go to. Being from a country in development we often see that no matter how money you put in Health or Education or whatever nothing changes. So in this case you don't want to pay more money. Because it is clearly that the money go in the politicians' pockets.
If you would stop working not because your job doesn't pay enough, but because it ceases to pay you more than you need. Then your job probably wasn't all that important anyway.
It's like when people talk about billionaires leaving the country if you put up the tax rate. Good. Who cares? If they're not paying their taxes who cares if they move
I am always shocked when someone trots out that defense. "But the rich guys who aren't contributing will leave!!"
And?
I enjoyed your conversation on PBD. Hope you go back or have him come to your show. We need more of these types of civil discussions with opposing points of view.
Sure "anybody" can make lots of money if they work hard and whatever, but can *everyone* do it, absolutely not. The solution to wealth inequality isn't LLC-ing everyone, it's common sense wealth distribution policy.
These executives really expect everyone to be entrepreneurs and think that totally wont affect the market or infrastructure.
The fallacy in this is that there is a linear relationship between how hard your work and how much money you make. There is not. The CEO does not work 1000 times harder than the janitor. To become rich you have to be born into it or work hard and get lucky. There are lots of brilliant, talented, hard working people in this world who are never going to get rich.
Wasn't "The Rich Guy" the one who interviews, and is obviously impressed by, the likes of Sammy the Bull Gravano ?????
The effect of taxation on driving the company’s motivation for growth is different to
expenses effecting growth.
Sam is entirely correct to point out that business expenses are not the same as taxes .
Couldn't imagine giving any political power to a guy who sounds like Fart Laugher
Valuetainment really tried to make themselves look better in the facebook clips and reels that popped up😊
Here, let me just…
“Sam debates prejudiced crook/professional scam artist who hates taxes.”
There. Fixed it.
Hyperbole at its best
No one deserves or needs multi BILLIONS of dollars. He didn't get there alone. Tax payers and workers...the community helped. So pay back.
The Kansas Experiment ALWAYS draws the same response from right wingers. Lol
Sam said the phrase MostlyFans. Just pics of him in his guns out tank top.
The entire phrase at 10:04 is amazing. "We do have some Patreon. We do everything! But, it's MostlyFans."
PBD's had a few leftists on lately, I think Sam may just make them rethink that. Lol
The answer to the lady that stopped selling houses at a certain point because of the taxes is that it gives the next person the chance to make good money selling houses. Is it better to have 10 people making 100 million a year or 1000 people making 3 million? Maybe I wrong but I don't think we have a shortage on ambitious people in the country and I also don't think everyone that lives paycheck to paycheck is lazy
The problem is most of these rich guys is they don't want us peasants to taste the elite status.
Crazy thing is this guy insurance company was called People Helping People
😂 Yup, you can't make this stuff up man.. It's ridiculous
In reality, it's "Peasants Helping Patrick"
I heard that Patrick purposely never brings up nor draws attention to that past pyramid scheme of his on the show, even though he really loves personal life stories and anecdotes.
9:50 his big business reganomics bs is annoying
People don't realize that it's not as good being rich when everyone else is poor.
Income inequality is bad for everyone, not just the poor.
How do you get rich without public infrastructure, utilities, communications and even subsidized (should be nationalized) healthcare and education? Or regulations and protections for property? Policing? You don't. Dodging taxes or lobbying for a lower top rate is exploiting that public infrastructure while steeling from it and running it down.
Lower corporation tax = less investment, fewer jobs and higher property prices.
I think it doesn’t really matter how much you pay in taxes. What’s important is how much you have left to live on after taxes. Are they afraid that someone whose just became a billionaire, is going to slip back to only a multi-millionaire? 😢
I'm not at all surprised by a conservative anti-tax guy getting confused about what different taxes mean or how their rates apply to him. He's just against taxes, it doesn't matter what the tax is, he doesn't bother himself with getting into the details and learning about what he's actually talking about or what analogies are valid for different taxes.