Sam Seder OBLITERATES Patrick Bet-David in BRUTAL Debate TAKEDOWN Live
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- Опубліковано 19 лис 2024
- In this heated debate, Sam Seder goes head-to-head with Patrick Bet-David in a fiery exchange that leaves no stone unturned. Sam Seder doesn't hold back as he shuts down Patrick Bet-David's arguments, exposing the flaws and contradictions in his views. As the discussion escalates, Sam Seder remains composed and sharp, delivering a series of powerful rebuttals that leave Patrick Bet-David struggling to keep up. This intense debate is a must-watch for anyone who enjoys watching two intellectual heavyweights go at it.
Throughout the exchange, Sam Seder's quick thinking and well-reasoned points dominate the conversation, leaving Patrick Bet-David unable to recover. Whether you're a fan of Sam Seder's progressive views or Patrick Bet-David's more conservative stances, this debate is packed with moments that will keep you on the edge of your seat. Don’t miss Sam Seder as he shuts down Patrick Bet-David in a very intense debate!
Sam Seder against the Fuck You I Got Mine crowd
Exactly!
Go get yours
While I do not necessarily agree with huge tax rates because I don’t think there’s any onus on the government actually use those taxes properly I have changed my stance on the fairness of the tax structure system recently. I own a business. I make a bunch of money. If I pour that money back into my employees and my business, my tax burden is very minimal. If I decide to take all that money out and buy myself a mansion and a bunch of vehicles, my tax burden is very high. Thanks to the way that the tax system works I’m able to have very little tax burden, but greatly expand my business. Once I decide to start actually living a wealthier lifestyle I will have to pay significantly more taxes and I do think that’s fair. Whenever you are a business owner, you have the full power of the US tax code behind you. Taxes are not the hindrance that people would think they are. Honestly, the more money I’ve made the more I’ve thought guys like this are greedy as fuck.
@@brasshouse-og They're talking about income tax, arent they? So buying a house wouldnt impact that.
@@JordoSezthe only problem is that there is a finite money supply which means that a large portion of the population mathematically can't with your immoral dog eats dog capitalist ideology.
Patrick Bet-David is Andrew Tate in a crappy suit. You can almost smell him through the screen.
Great analogy!
So so True!
he's not wearing a suit
@@y3ee3ehe wears suits all the time
I study the sartorial rules, and I can confirm that his suit is one of the worst suits I have ever seen. The slim lapels and cheap fabric almost embody his antiquated and obsolete views on society.
PBD has no idea what he is talking about when it comes to taxes and he's relying on his audience's stupidity (which is a sure bet).
💯
To be honest, he’s not particularly adept at speaking in logical terms about anything. His mentality and focus is who he has to step on, only to get ahead of the other guy.
I remember he didn't understand how rich people use debt to their benefit. It was embarassing
Yep
They are libertarians like Musk
Sam Seder.
The entire interview showed just how insane the PBD guys are.
Not insane at all
I’ve always seen through PBD, he is not intelligent at best and wants to come across as an intellectual.
Typical jack hew
@@anthonylaloggia112Nice argument.
Sam Seder didn't expose them. They were exposed years ago to anyone with a functioning brain.
Sam is calm, focused, affable, friendly, and a great voice for the cause
Which why the Right hates him and tries their best silence him by black listing him from Right Wing media. So I give props to Patrick for having him on.
Didn't PBD swindle his way to the top by ringleading an MLM?
Yes
Pyramid scheme
Yeah. He has zero credibility.
@@ShermThursby He sure talks a game.
@@JamesKonzek-xr5zy yes! Also swindled his way into minority stake owner of The Yankees
Sam is right. Hoarding money is causing a diminishing middle class. It is now ultra rich, lower class, and poverty.
Patrick is like " If we only get 4 million a year why even bother to grift people"
Tell that to the professional class that are in the top 10% but certainly not 'ultra rich'.
@@themaskedman221 OP was probably exaggerating a bit, but his point is valid. The middle and upper middle class is shrinking and will continue to shrink at the current trajectory. If you're in the professional class eventually you'll end up getting squeezed to one end or another. Maybe not in your lifetime, but it's inevitable without some policy changes. If you don't want to do anything about it I guess you just have to hope you end up on the wealthy side.
@@themaskedman221 he said "diminishing" middle class, which is statistically inarguable.
Lol no it isn't wtf?
I am 62. I am a healthcare professional. I was a single mother of one. I was not able to save for retirement because I didn't get much help from the father or anyone else. I didn't overspend but couldn't afford to save for my retirement., at least not much, so yes, I will depend on SS income. I have worked my whole life, full time. Tell me how I was irresponsible. My child graduated with honors and is an attorney.
You wern't irresponsible ! You were a hero (in my eyes). I hope your kid remembers this and helps you out.
You worth much than those rich scumbags.
Did you guys ever eat out? Did you ever take your kid to a movie? If so, you forgot to not enjoy life!
Yeah the PBD guys would rather blame you for being frivolous with the money you spent to raise your child than to be slightly less rich. And unfortunately it's people who think just like them who have the most influence over whether or not your child's generation will be able to access SS to the same extent as you. Because they absolutely will blame your child for not being frugal enough if they cannot manage without SS.. even though they are an attorney.
You should have gone hungry every other day to help save. Do kids really need more than one pair of shoes? Just buy 1 big pair and let em grow into it. Gotta think outside the box!
No one has ever worked hard enough to make $1 billion
Those who cannot do sit and review, I can guarantee one thing if you did make 1 billion you sure in the hell wouldn’t want to give it to the government.
Those $1 billion dollars always come at the expense of stepping one someone.
Then we’ll hear about how life is a game of survival and competition, if your idea isn’t good then it won’t survive, etc, not realizing how much sabotage and coercion exists for those to reach the top.
From Ford, to Edison, to Rockefellers to United Fruit, JP Morgan, Rothschilds to everyone else.
I do agree that the government does not spend it the best, but that is the AMERICAN government. I’ve been learning a lot about China after being super anti CCP from 2014-2022, and honestly, they’ve been watching us and observing our flaws, and work with our critics who are shunned from the blob, so they get to see in full force where the US is messing up. So we get people like Janet Yelen who said that we’d have a soft landing just before the 2008 crisis, meanwhile, shunned economists like Michael Hudson (speaks about debt cancellation and forwarned about an incoming crisis in May 2006) lend their talents to China, since the US won’t take their advice (they serve the bankers and investors). That is why the coming collapse that Serpentza, China uncensored, Peter Zeihan, Gordon M Chang and so many other smaller UA-camrs been “predicting” for years now never happens. Two entirely different systems.
US prints money, spends it, then the taxpayers pay back the debt, hence why we’re now nearly 35 trillion dollars lol. Whereas China exports more than it imports, over $800 billion a year. They reinvest it back into their country unlike us who is paying a credit card bill.
But you think the US wants us regular folks to know this? Lmao all of our leaders especially in the West rule the Machiavellian way smh.
@@rejinc you know sucking off billionaires still doesn't make you one, right?
@@rejinc "Those who cannot do sit and review"
Do the math on how much you'd have to earn per week to add up to a billion dollars. NOBODY can work hard enough to actually deserve that.
"if you did make 1 billion you sure in the hell wouldn’t want to give it to the government."
All you are saying here is that you are greedy. A billion dollars is more money than any reasonable person could spend over the course of their entire life. Nobody needs or should have that much money. Seriously, do the math on how much money you would have to spend per week to burn through that. Even if you made no interest or capital gains on it, you would not live long enough to spend it without purposely wasting it.
@@rejinc yes I agree, but then we would then have a conversation about government corruption and accountability... The thing about a billion dollars it's pretty much proof that people were not giving credit where credit was due. To either nature or humans. It's proof of a loop hole and essentially corruption of the "private" whereas government bureaus and unaccountability is corruption of public - that's the essence of the argument and until we get there reasonable people will disagree but won't get to the point...
It's a decent conversation with reasonable people - but not getting to the bedrock points. 😮
It's easy for rich people to say things like that because they aren't struggling NOW, but when they were struggling they weren't saying this. It's called greed point freaking blank!
Why is Sam trying to discuss economics with MLM scammers??
It's for the people tuning in that may not be complete idiots.
MLM scammer? What are you talking about?
@@GamingUNIV3RS3Every single Insurance company in US is an MLM in a covert system. Is not a scam if it is legal and highly promoted across. The entire Anglo-Saxon system is a so-called ''Body Count Ponzi Scheme'' where the growth comes only by how many people give their time up in exchange for a established - usually fixed -, financially reward called salary or wage. The basic principles in business in the Anglo-Saxon system is OPT, OPM and OPR (Other People's Time, Money and Resources). Whoever has the better story - about the future -, can trick other people to part with their monies. In that regard, Patrick Bet-David is a storyteller like Elon Musk, Steven Jobs, etc. These are not the most intelligent people around, far from it. They have far more intelligent people working for them; by being smart and pursuing others to part with their time. As time is the most important asset we all and each have. Just a thought.
@@GamingUNIV3RS3PBD made his wealth by starting a MLM insurance company that sells a certain type of life insurance most people do not need but are tricked into buying
@@GamingUNIV3RS3 PBD made his money running a Multi Level Marketing "Insurance" sales company
PBD is like a conservative trope. He's got strong opinions on tons of stuff but has next to ZERO knowledge on them. They react to the 90% marginal rate as if it's insane when the percentage of the population it would apply to is miniscule and most Americans perception of it is way off because of people like PBD. For example, the World Economic Forum did a study back in 2022 where they asked Americans what % of the population made over 1M annual. Respondents thought 10% of people made over 1M when in fact it's less than 0.5%.
Great points.
I don't remember where but there was this great study where they compared what people thought the wealth distribution was in the US compared to what it actually was. The difference was insane.
I constantly see poor and working class Americans arguing a million dollars isn't much these days. It's wild.
@@dreigivetimpoolmassivewedg7646 Isn't that crazy? You look at an average working class salary, a million dollars could cover some people for well over a decade.
Thanks for this. It drives me insane how wealthy people have convinced regular everyday people from upper middle class to the poor that they should argue on the behalf of the wealthy. The number of arguments I had with coworkers when Obama was trying to increase taxes on those making $250K or more, meanwhile none of us or anyone we knew made that amount of money or any where close to it. And they way they'd argue how it would somehow impact their lives and taxes would just make me shake my head.
PBD worships money.
And a simp for 'alpha' dudes.
plus ultimate power and showmanship
I recognize him as another broligarch
Not a lie at all. I was part of that insurance scheme thinking it was something else than what it truly is. Spent too much money, time and energy to find out its all bs unless you swindle people yourself or they take a special interest in you. Others I've known found that out the hard way.
yeah these clowns are just absolutely stunned that somebody is selfless enough they are fine paying more in taxes. it just does not compute in their psychotic little brains.
Greed is dehumanizing
PBD is from Iran & would legit invest his pyramid scam money into a military contract that would blow it up if they paid him in gold 100%.
He's Armenian Christian born in Iran
I don't know much about PBD, and what I know I don't like. But that seems like a pretty dark claim. I have met many Iranian immigrants. They are proud of their Persian heritage, but they have no love for the Government of Iran! The ones I talk to have lamented they can never introduce their mothers to their grandchildren because they're worried their teenage sons would be drafted on the spot. They love the land and the people and the culture, but they hate their government. Theyre like Cubans. Met may Cuban Communists? Probably not in America. People don't leave these places because the government is doing too good for a job there.
@@cajunguy6502the ones that went to the west hate their government because most of them are liberal secularist
Instead of "buy less lattes," why isn't it? "Buy fewer yachts and mansions."
Because you have to see that that would mean THEY have to do something.
And that's not fun. They want to do whatever they want while telling everyone else how they spend too much from on top of their 5 mega yachts.
Because those with yachts and mansions aren't complaining about being broke. 🤷♂
@@manufacturedconsent7850 but they are complaining about not getting to hoard money in response to those wanting to raise taxes. To which "buy less yachts" is just as fine a response as "buy less lattes".
@@manufacturedconsent7850 Then they should be fine with paying more tax 👍
I get you but the problem is they’re hoarding money. They need to spend that money here
Guess what? If you taxed billionaires 90%, they would still be wealthy.
Obscenely WEALTHY!
🤣👍🏻
Have a heart.
@@Mistery7777 And what reason is that?
@Mistery7777 yeah
Like where they were born
What color they've been born to
What social status they were born to
What level of mental capabilities they were born with
Little things like these
@@Mistery7777there would be far less poor. No one is saying this would result in no poor ppl.
Maybe these millionaires who can't afford to live on 3 million a year should take some financial literacy courses.
you'll never make a lot of money so it's very easy for you to side with "rich people should pay 90% in tax." Kind of convenient don't you think?
@@luxuryseaviewvillas6744 It would actually be much more convenient if I did make a lot of money.
@@luxuryseaviewvillas6744Rather presumptuous of you, don’t you think?
@@Imnottapinatawell it is coming from a person with the handle 'LuxurySeaviewVillas'. 😂 I'm guessing a bot or a salesperson is behind that account. So, a non-contributing member of society either way. 😂
what they really meant was. They can't live life luxuriously anymore. That's far from living life comfortably.
Why the fk does anyone need 1 fking billion sitting in their bank account. It's ridiculous
Because my yacht 23 Million 😊
@@jasonthomas4983how many 23 million yachts can you buy for 1000 million(a billion) 40 maybe?
Cause its there money
It’s there money not yours
@FXTrader247 if I earn one dollar or a billion dollars legally it's no ones business what I do what belongs to me. Could be ridiculous, so what.
If I'm making 3 MILLION dollars, by all means, absolutely tax 90% of any more income above that number. It's only right to pay back into the system that benefitted me. To resist this idea is incredibly selfish, in my opinion.
I can't believe they're sitting there and actually laughing at the idea as if it were ludicrous.
Same! And literally just have the excess spent in developing more projects that could benefit people. Anything really cause who needs an absurd amount of money beyond what you can possibly need?
I am going to bet you’re no where near making $3million.
The left are always great at spending other peoples money.
That mentality is why you won’t reach 3 million a year. You lack the grit. You have a soft mind / heart for whatever reason. Maybe something in childhood.
@@lv3575 Are you earning over 3 million dollars a year?
Agree 100% with Sam.
Lmfao 🤣
@@JohnnyDelcokeep laughing funny pants, you will find 70% of the population agrees with Sam
@@BSultimate actually it does not. Those tax dollars have not gone to the people.
@@GauravMahajanAvarontrue - it SHOULD make the government more effective. Perhaps we should make other changes as well, like getting rid of the Patriot act, outlawing or severely limiting lobbying, term limits etc…. Make it really really hard to be a corrupt politician…
@@BSultimate No they don't. Sam is a tool.
I’ve never heard anyone say America is great because of billionaires. No one has ever said that. I would ask these people about their morals. Once you have enough money to live 10 lifetimes, why is it ok to continue to hoard money.
💯
Yet they've provided incredible amounts of jobs for 150 years. People have said America is great because of it's industry and innovation and freedom to produce and business etc etc The handful of billionaires are in the background, the problem is the government collusion. So again always a 'government' problem.
@@manufacturedconsent7850have they? How many billionaire job providers are there against how many small business job providers, government jobs and corporation jobs? I think the idea that without billionaires we wouldn’t have jobs is specious. There just aren’t enough of them apart from anything else.
@@manufacturedconsent7850 You've bought into some nonsense right there. If we let ONE DUDE grow ENORMOUSLY WEALTHY and him being the ONLY employer in the nation, would you be singing his praises?
Capitalism focuses wealth. That means that rich people BUY competition, they buy out entire sectors and lay waste wherever they go.
Example: Walmart decimated local stores. A smallish town of 20k people used to have multiple stores with multiple employers and employees, all making money.
Walmart doesn't work like that. They take ALL those stores and obliterate them, then they hire about 50% of the people who were let go and there's no one in that town who actually owns that walmart..
We went from a bunch of mom and pop shops with generations of history behind them to one megastore with far fewer workers than the combined total of those mom and pop stores.. Walmart came in with all its wealth and REMOVED jobs.
Another example: There used to be a LOT of oil companies out there, like a looooooot. If you've ever watched American Pickers you'll see lots of old gas station signs and pump labels etc. Tons and tons and tons of oil brands you've never heard of, cause right now there are FIVE. Used to be hundreds of them. All the leadership and owners and managers of those businesses were rendered obsolete by corporatization. That means that instead of having a bunch of businesses you've got one centralized business where the bosses don't even pay taxes in the area they operate. Bezos pays taxes in california but his business covers the entire nation....
Back in the day a small-time Bezos would live in the town his business is.. His wealth would contribute to the town. That is GONE. Corporations wiped that whole thing out.
What do small coal towns run on these days? Payroll taxes of the overworked, underpaid coal miners. Back in the day the coal mine owner paid taxes to the town... No more. The guys making billions off of coal are all paying taxes to whatever rich town they live in. Profits extracted from poor areas and funneled into rich areas where no jobs are made.
That's how rich people work. The fact that they employ a lot of people doesn't mean they're the best option. Want to employ MORE people? Make rich people poorer so we can start more businesses rather than live in a world of monopolization.
Don't be so damn submissive. It's unmanly. You've been bamboozled into thinking the rich have built the nation.. A guy with manufactured consent as the name, you've really gotten suckered by the manufactured consensus of submissive losers.
If all the rich people disappeared today, the business would do just fine. It's the workers who run those, not Bezos and Bill Gates and Soros.
What would happen if your boss went on vacation? The entire workplace would just devolve into chaos? Nope. Rich people don't matter, they do not matter. Workers would work regardless, they'd just not be working for Bezos or Elon under horrible circumstances. Their boss would be available in his office, so if you're mistreated you can just go to your boss... Who are you going to call when walmart stiffs you? The management is hundreds of miles away, and your boss at walmart has no power. Your boss at walmart is also being paid peanuts... And the town relies on payroll taxes.
@@clareshaughnessy2745 I didn't say without billionaires we wouldn't have jobs, I said those who have been billionaires often provide jobs. Yes there aren't a lot of them but they seem to annoy a lot of people, but legislating against them is quite anti democratic. Legislate to reduce regulations for competitors and hold politicians to account when they collude and restrict lobbying and donations.
PBD's maniacal laughter with that twisted face and crazy eyes says it all. The only thing that fills PBD's empty soul are $ signs.
With a cigar in mouth and a Martini glass spilling its contents as he laughs maniacally
PBD is a greedy pig. I knew a banker who ran a division at one of the biggest banks in the U.S. He was a very wealthy man. One of his favorite expressions was "Greedy pigs always get slaughtered. It was an accurate statement. Does anyone wonder why there is such an intense dislike amongst the public of people who are super rich? It's their greed. They love their money and treat people with no respect. When you exhibit an attitude of "I got mine and don't give a rat's ass what you get" is it any wonder that the public feels nothing but disdain for the super rich. It's important to remember that the majority of people in this country are not wealthy and we're tired of being screwed by Wall St. If history has taught us anything it's that people have very short memories. Those who are seen as enemies of working people don't bode well when the shit hits the fan.
He is like Elon Musk: rich guy pays to become famous and then shows how out of touch he is with everyday people.
Dude thinks greatness means having the most billionaires. What a clown. How can you not think that greatness means that the greatest amount of people are thriving? Sam is a national treasure.
Greatness tends to hurt those below you, goodness tends to help everyone.
Sam Seder's 100% correct.
Why not let liberals like this pay more taxes and those of us that don’t want to also have that freedom?
@@danlopez.3592 You have a freedom of moving to Romania 😂
@@bennymountain1 that is true. I also have the freedom to pay higher taxes than legally mandated, which I choose not to. Something tells me you choose that as well and just want others to pay more.
@@danlopez.3592If his policy is put into place it wouldn’t affect him, or me, or YOU. It would only affect people who make more than 3 Million dollars PER YEAR. If for some reason you care that much about the uber rich when in all likely hood you will never talk to these people go ahead and keep advocating for tax cuts.
@@bennymountain1you people are imperialist
I love the way they laugh at Nordic socialism and dismiss it out of hand. Those countries are far superior to the US. All they have is circular reasoning and preconceived ideas.
Its not even socialism Kevin just social democracy. These nutters here are paranoid as hell.
when are you moving there? send a postcard
@@motostarmx1777 Why can't we make it right here and then 2/3rds of the country wouldn't have to move?
@@motostarmx1777 Patrick ain't reading that, lil' bro. Quit being such a damn simp
@@motostarmx1777Oh your sports team is doing bad? Then just change which team you’re a fan of!
You want YOUR team (country) to do BETTER, because you love it. Goofball.
Laughing at the thought of giving more to the vast majority of your fellow Americans rather than hoarding it yourself is a truly wild thing to do
💯
Well, keep in mind that federal taxes aren't collected with the aim of funding other projects. When you pay your federal taxes, the IRS destroys the money. The true and ultimate purpose of federal taxes is to create a never-ending demand for U.S. currency, which stabilizes America's domestic and international power.
People also laugh when they are trying to hide strong negative emotion. He is probably very fearful of this kind of talk and he would probably lose his temper if he spoke honestly, so he just laughs it off to dismiss it instead. There may even be a part of him if not all of him that actually sees Sam’s point which is why he doesn’t engage logically with the argument. He doesn’t make argument about why it would not work.
Love how Sam kept his cool
Won't someone please think of the top 1%????
People are scraping by and can barely afford to live but we have to support the top 1%!!!
Having a billion dollars already means you aren't creating value, you're hoarding wealth. The idea that the stock market is an indication of the economy is flawed. The mega wealthy are detached from what a strong economy looks like: money changing hands regularly. The people who collect a billion dollars in wealth are not parting with their money and therefore outside the economy most of the time. Then, since the amount of wealth the nation has in circulation is finite, the only way to devalue the hoards of money is to print more into circulation reducing the value of every dollar, which just gets funneled back into the coffers at the top so we can inflate again and again.
100% tax on wealth after 500M, imo. Not income, wealth. If you make it to 500M in a lifetime, you won. Gratz, now divest and move out of the way.
I've always felt this way about A-list stars. Let them make a certain amount and go away. Give other people a chance to be wealthy.
Finance capitalism. Michael Hudson. Futures, derivatives, and usury.
What the heck is 100% tax on wealth?
@@DolphinWithIgloo-fg3owit means a yearly cap on money that is high enough for everyone.
@@DolphinWithIgloo-fg3ow taxing people on liquid assets and unrealized gains. Taxing non liquid assets goes against the idea, the incentive is to SPEND your money. You wanna scrooge mcduck, be my guest at 500M. But no more tying up wealth in stocks and accounts.
Businesses already have a structure to be taxed on profits. A profit being post expense gains. If corporations and the wealthy were doing all the glorious things they tell us they're doing, they shouldn't be touched because they're stimulating the economy.
Unfortunately, the only way to become a billionaire is to extract wealth from others, through underpayment, tax evasion and speculative betting on the market, including shorts.
6:24 AND THERE IT IS!! Typical to blame poor people for being poor because they mismanage their money. How often do we see rich people hemorrhage money, buying 5 of 1 item or dropping 50k on one hand of poker, so don't tell me about how we mismanage our money is making us poor
This is the midset that develops in a country where being wealthy is considered a virtue and being poor is considered an iniquity.
You have absolutely no idea what you're talking about 😂.
And God forbid we want to enjoy life sometimes and go out for q dinner, a movie or a simple coffee. You're mismanagement your money! Well damn your enjoying you're billion dollar life can I at least have some joy buying my Starbucks. Guess the poor don't get to enjoy life. Just shut up work your asses off and pay the taxes we get our accountants to knock down for us Millionaires and Billionaires.
Sam Seder is the GOAT of political commentary.
THANK YOU FOR DOING THIS BREAK DOWN!
All Federal employees, including Congressmen and Federal Judges, should have the same Medical Coverage as the lowest income provided for. That would INSURE better healthcare for everyone.
I am not exactly a left-winger but the level of wealth that exists today for certain individuals is just not compatible with a healthy and balanced society.
A healthy society is composed mostly by a wealthy middle-class.
This. PBD and his entourage would take us back to the guilded age from the pre-depression era.
The Overton window has been dragged so far to the right that what you're saying absolutely makes you left wing. Questioning the outcome of our current system of late stage capitalism is not allowed by any but the leftmost.
What Sam fails to argue is that the top 1% despite their 40+ % tax rate DO NOT PAY anywhere close to that rate. The 1% have armies of tax accountants that bring their effective rate down by as much as half. Not to mention all the hidden wealth in company stocks and borrowing against their gains. Tax the rich to 80 and let their accountants work it down to 40!
This did get highly overlooked.
Exactly! I was waiting for this point.
They still payed higher rates then they do now
My accounting professor in college was a multi-millionaire and bragged about his kids getting Pell Grants because he was so good at his job.
Completely valid, but a different argument. Closing tax loopholes in and of itself certainly would help too, for sure. I think the conversation was more about wealth inequality and how to narrow it down.
My siblings all live in a country in Europe.They have 4 tax brackets.1: $13k=zero taxes;$13k-$70k =14-42%;$70k-300k=42% and anything over $300k 45% , they have universal health insurance and can buy private health insurance, they have about 30days paid vacation,they are entitled to six weeks/year sick days, maternity paid leave, Christmas bonus is a full month's of wages for the year end....
Those brackets sound quite reasonable, IMO.
Also: what country? Europe is made of around 45-ish countries.
@@charlee_hotelI'd say that could be England, France or Germany. The Nordics probably tax more.
@@KevinSheedy10 It's pretty close to Nordics. Using his numbers as an example, 13k would be 7.9 % tax, 13 - 70k would be 7.9 - 36 %, 70k to 300k would be 36 % to 51.9 % and 300k+ would be 51.9 % (300k to 1 million would be 51.9 % - 55.8 %). I'm using Finland as the example since I live there.
@@charlee_hotelthe Uk for one
“Rich didn’t leave the country with top rate at 90%. They stayed here and still had a great life.” Thanks. Great point
Stumbled upon this channel. Nice presentation. I'm staying.
PBD is in way over his head. This guy got rich with his multi level pyramid schemes. How does that make him an expert on politics?
He's a con man. Bullshitting is the only skill he has.
That’s bc he’s using politics to generate attention so he can plug his MLM company that he “sold” to America as a saver! He runs a bootleg WFG company and their pitch is financial literacy. You can see here at 5 mins Adam talking about the lack of Financial literacy in the USA. Patrick never sold he become a managing partner to IMG. Patrick is just trying to get more eye balls before his deadline is up.
social security ISN'T an entitlement, people pay into it all their working lives
which means they are entitled to it...these rich clowns made that into a bad word
Yep, entitled to that money.
True and don't get back much of it. You could have worked 50 years of your life and still not have accrued enough to live out your retirement. These days most can't agggord to out away much for retirement. And if they have it won't matter things are rising in price consistently.
If you're filthy rich and you're paying +40% in taxes you've got A HORRIBLE accountant. What the tax rate is and what they actually pay is two different things.
The government spent the money. It's now an unfunded liability that requires gen x, millennials, and gen z to subsidize it. The gravy train is over
The forced laughter is so cringe worthy.
Engage with the argument that this was the most successful time of the country or stfu. What is this, argument from "I find it funny" kindergarten?
This is like the fake laughter Facebook emoji come to life.
Also note how at every turn, they do their best to omit the "detail" that this would only hit multi millionaires. Fear mongering 101 methods, completely transparent for anyone to see.
Yes, it's always tax the people richer than me. Tax everyone. But tax those who have *excess* more and help those without *enough* to live healthier, happier lives. People with excess wouldn't have their excess if it wasn't for all the people who don't have excess.
Sam says this to be provocative, no one actually paid 90% past 475k or whatever. Look up what the effective tax rate was for all those years, it’s clear they avoided it through various means. I agree with adjusting the tax brackets aggressively, but the top number will probably never be able to go much over 50% without people just avoiding it entirely through other legal means. We need to tax the rich ethically and EFFECTIVELY.
Wow. Is PBD ever arrogant. Invites a guy to his show to express his opinion, the guy says he’s flexible on this, but he’s trying to make a point about income disparity and how to close the gap,… and instead of talking in an intelligent manner about the options that we have, PBD just basically arrogantly laughs in the guy’s face. Honestly, he’s a real jerk.
Arrogant is the perfect term for him.
PBD would NEVER do that to Joe Rogan if he made the same point.
I have had similar conversations with 100s of people with PBDs mind set. The problem is they thick as pigi shit and can't argue logically. They basically can't understand sharing. It's like a kid who keeps getting first in line for cake and eats half of it. He literally can't comprehend why he should only take a fair share and leave some for others and laughs at the suggestion.
He has no counter argument that is why he mockingly laughs.
@@Hairy.Whodini Great point. Pat has a real judgement issue, he never misses the opportunity to show you how lowly he thinks of you or how willing he is to kiss your ass, depending on who you are.
I agree with Sam
I guarantee that the moment you put someone like Patrick Bet-David in office...and you will see spending like you've never, ever, ever, ever seen.
On himself.
It’s astonishing how some say they wish to return to earlier times, but when you present the evidence of the actual reality of said past they disregard. It’s a maddening state we Americans are in.
13:00 I can't believe that guy said, don't you want america to be know for greatness?" When Sam Sedar said he doesn't want billionaires. Like dude what greatness? he just explained to you that 60% of americans are living paycheck to paycheck and the gap between poor and rich is wider than ever? Do they not critically think???
Sam is correct.
Blaming the poor for their poverty...classic!
Neoliberalism
I'm poor because I didn't work hard and smart enough. But I had a lot of fun drinking, staying up late and sleeping in. The people that I know that have plenty of money worked very hard and made the right decisions. Am I supposed to blame people that have money because I don't ?
@@MarkMixon-k5q The point is: don't blame anyone. Does criticizing systemic poverty count as blaming the rich? Sharpen your arguments
@@sigilpop
Who do you blame ?
@@MarkMixon-k5q I don't need to blame anyone, I'm not playing your game.
The fact that ONE UN-ELECTED MAN, Elon Musk, without any training or expertise in foreign relations, world history , international economy, etc was in a position, during the Ukraine/ Russian conflict, to change the course of said conflict is you need to know to know that billionaires shouldnt exist.
Right, just let the sinister WEF global elites decide the fate of Russia without consulting Putin lol
Nordic countries are consistently rated as the best countries to live in. America is not top of anything that comes close to those countries. Canada has the best middle class in the world right now.
Of course we shouldn't live in a country with billionaires and homeless people at the same time...
So it’s the responsibility of someone who’s made good decisions to care of people who haven’t?? Anyone in America can get ahead by working hard, and not having kids before you can afford them. Min wage is for an individual, not a family.
@@matthews852 Yes, because that is what it means to live in a society, you have just been hooked on the capitalism pill for way too long. You are not a capitalist because you don't have enough money to influence politicians. You need to have enough Capital to influence them to be a capitalist. You are just a pawn speaking their language to make yourself seem smart.
@@matthews852 I don't think exploiting workers is a "good decision." 🤨
So start donating your paycheck to help these people
@@JohnnyDelco Billionaires stole my paychecks. 🤷♂️
To people like PBD having more than enough is never enough. They want it all.
To limit the amount of wealth it's not because it's outrageous to be a billionaire; it's because that money comes from everybody else; and most of that "everybody else" is already living check-to-check. You want to suck even more money out of them? That's outrageous. Every worker plays a role in our society and deserves a decent life, where he/she doesn't have to choose between food and health, a roof or education. But no, the millionaires want to be billionaires; and the billionaires trillionaires. That's obscene.
When conservatives complain how fast food workers don't deserve a living wage, ask them if McDonalds' profits were down this quarter. Oh, they were up? These fast food workers generate B-B-B-BILLIONS, with a "B," dollars in wealth. Then why shouldn't they be making a living wage with full health insurance coverage and a pension?
Bingo. There isn't a single dollar a billionaire has that just sprung out of thin air in their bank account or was handed over to them after a day's work. It got there because thousands of other people did the work and the majority of it is taken from them before they even get to touch it.
Everyone forgets that those 150 million "not paying taxes" are in fact paying hundreds of different types of taxes. And even still, when looked at as a percentage or compared to their consumption of the wealth, they pay little to nothing. Saying Amazon doesn't pay taxes is crazy. They use more of thr public resources than anyone on earth, and they don't have to replenish them??
There’s nothing more hyperbolic than a billionaire complaining the tax system stifles capitalism 🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
Who needs 100 billion dollars? I need a society I can walk around in. I would be so impressed if one of these clowns even considered what he's saying. Why can't they do that?
Money is their god 🤷
Why do you care you people are weird
Someone said, "like Nordic Socialism". To which the answer should be an emphatic "YES"! Just take Norway which beats the US on every important metric... GDP/capita, longevity, crime... even innovation, as in the rate of new business startups because a healthcare for all system allows employees to become entrepreneurs without drowning their families in healthcare costs. Sam has both contemporary examples and history on his side. The hosts have talking points.
I saw this argument on PBD show and didn't understand it then, but now I do, and I also agree with Sam. Thanks Chris.
Nobody really paid 90% taxes. Their are many loopholes.
PBD starts laughing like a maniac and immediately his two sidekicks chime in, completely drowning out Sam. This is such a bogus format. Tag team fighting, 3 on 1.
Sam Seder absolutely right, the laughing out loud was so embarrassing and demonstrates greed they are so out of touch about how the average person lives ,obviously PBD and his assistants don’t want America To Be Great Again.
They want everything to benefit already wealthy people like them and to hell with everyone else. They're in the 'pull yourself up by your own bootstraps' crowd who believe that poor people chose to stay poor, didn't work hard enough, should manage their money better, shouldn't have had as many kids, etc.
Them laughing at him like he's ridiculous makes them look like greedy wannabe-alpha idiots.
💯
@daveyheath5971
No, it makes them BE greedy wannabe-alpha idiots
Great video here Chris, PBD is a clown show for the bro culture that stopped binge drinking during the week! : )
They laugh because they don’t have a response and it makes them uncomfortable. They would much rather have $100 million, than $50 million, even if having 50 meant that 20 million people wouldn’t live in poverty. And they aren’t ashamed of that
They're actively choosing to overlook/disregard the 90% for every dollar *OVER* *THREE* *MILLION*
💯
I learned everything I need to know about PBD when he asked Pakman what his ROI was on the fire department.
I'm with Sam. For the benefit of all, tax the bloody rich.
So the top actor doesn’t take another job, that would make the next best actor more money and so on down the line.
Completely. The wealth gets spread around more. The economic activity doesn't just disappear. It just gets spread out more equally.
+ Billionaire tax = 100% of their net worth over 1 billion. Estimated 756 US billionaires with 6 TRILLION in net worth.
They laugh at paying more taxes because they do not perceive any material benefit to themselves or communities from the government having more funds to allocate for social investment. I try to give an abundance of grace but I honestly believe this mindset highlights gross indifference to the suffering many American's are experiencing that could be alleviated by government- sponsored healthcare, housing, infrastructure, ect.
Big suprise that PBD, famous for making his fortune in pyramid schemes, is against raising the top marginal tax rate (he still doesn't know what most of those words mean)
He hasn’t just yet.. he lied about selling his MLM
13:01 What do you mean when you say greatness? Billionaires being able to buy a fifth supercar while a couple of blocks further there's someone living under a bridge? That kind of greatness?
There’s no world where a single human can make hundred of millions or billions of dollars on their own efforts alone… beyond perhaps scratching a lottery ticket or selling a painting or something like that. In a business, the people who actually MAKE the product for sale, are having value and profit they provide siphoned up to the top. I always like to say, “ you can’t work a billion dollars hard” I feel like the high marginal tax rate can serve as a cap on extreme personal wealth.
They all just want to return to the 50s regarding women’s rights, never regarding taxes.
Can’t stand any of the PBD’s host!
Here in Australia, 401k is compulsory by the employer to pay at 10 percent of your income, the average Aussie reiteres with 160k in 401k whilst the average American reitires with just 10k
the land of capitalism... Which explicitly means you could take every penny from anyone. Bleed them dry for years to come.. charge overpriced for something that doesn't work or is outdated, overpriced... And it's congratulated here in the United States... And if you don't you look down upon is non-american.. any politician that tries to help us is looked as some kind of bleeding heart liberal... But in fact they know the struggles of the average American and don't live in a tower with a billion dollars
In the U.S., you're lucky if you get a 2% match by the company. 😞
@@tkenglander6226 vote Union. Union jobs negotiate what you're talking about. So you can retire. Democrats want to give you benefits that correspond to when you work..
I'm in with Sam
13:20 Did someone mention northern socialism (which is actually social democracy) in relation to innovation and commercial success? The guys don't seem to know where e.g. Nokia, Ikea, Volvo, Ericsson, H&M, Spotify....are from?
Sam: I'd be happy to pay more taxes.
Everyone in the room *rich guy laugh*
Tell me you don't give an isht about the middle class without telling me you don't give any isht about the middle class...
Financial genuises talk about finance and it's impact on society, yearning for "those good old days", and they do not know that the marginal tax rates during our periods of greatest growth in the 50s and 60s were 90%. 92% during Eisenhower years. Or even what marginal tax rates actually means in practice.
Spot on.
Yeah, but there are two sides to the coin. If you tax 90%, you also need to have more control over where that money goes. If the money is being used for military or sending billions to Israe.. then it is not being used properly anyway.
Nope. That's a total different coin. Besides, if the taxes collected happen to go straight back to the billionaires, it's a wash and there's no skin off their back.
sounds like a perfect answer to me. besides, Iwould love to pay 90% in taxes. think of how much money I'de be making. no one making a billion dollars is working hard for it.
@@stephensepan291 He's on about wiping out anything after $3m. Not just billionaires. The $3m is already taxed at regular rates. So lets say you take home around $1.8m then only 10% of anything after that. GTFouta' people pockets. Shrink the government and roll back the state. People are already overtaxed and over governed.
@@manufacturedconsent7850 your repeating talking points, doesent convince me. try a new approach.
@@stephensepan291 Billionaires and anything over $3m, quite a difference. If repeated common sense equals 'talking points', then you might want to start listening and stop with the typical jealous lefty routine. (Which always ends once said lefty starts accumulating decent wealth lol)
Only one guy here with a caring heart/ social conscience, and it ain't bet-David
Never has been.
The top .1 per cent has as much money as the bottom 90 per cent.
Patrick Bateman is crazy. Sam is king 👑
American GREED, make money just to say they have it.
It’s an incredibly vile culture and the sooner the world turns its back on them the better.
We can accomplish greatness without billionaires. We all produce as a collective.
The question these clowns never answer is "Why does anyone need more than $3 mil a year?". The answer..... THEY DON'T! The maniacal laughter they displayed is a coping mechanism because they know Sam's right. They didn't want to concede his point so their brains make them so that instead
Their brains broke in those moments. Pretty much like ( in robotic tone) " does not compute"
90 percent Eisenhower rates is what we need to get back to at a minimum but I would go substantially further including breaking up and/or nationalizing mega corporations like Google and Discovery
FYI.Middle class was decimated all over the World.
These guys run on convincing a dude making $25k a year that these tax rates would affect him personally in a negative manner
The 90% Tax Bracket had a lot of loopholes and deductions that made their true tax rate around 42%. I think 50% no deductions for all income above 5 million would be the best option
First time listener here brother. I like how you let the video play, pause give a quick summary to that point and keep it moving... You got a new subscriber!!
Thank you so much for the kind words and the subscribe!
How is it that other countries realize that workers who work, have rights, are healthy because of healthcare, safe and subsidized childcare are willing to be ultra productive? The costs in the overall are minimal statewide, as has been show again and again. Even the 4 day week work experiments. Generally the staff is more productive to make up for the time. Why does America hate their workers so much? Is it cheaper for amazon to employ 1 Million workers for production at 3000 deaths per year and pay out legal suits? Or having very well happy 700,000 who are paid well , bonused, and promoted where appropriate. apparently they did the math and they don't give a shit. Even Paul Starett did it in the most capilalist time.
The right wing rich folk want it all. The part that blows my mind is the average republican, still doesn’t want his rich oligarchs in his party to pay taxes!
So his whole argument was we missed out on some Ronald Reagan b movies? Oh no the humanity