Of all the people who should speak up, it’s Ken Goldman, former CFO who helped run Yahoo into the ground. He made so many of his former employees unemployed and here he is, completely unaffected, reaping all the rewards while sowing none of the negative consequences of running a company into the group. All because he was born into the Goldman (of Goldman-Sachs) family, with a golden spoon in his mouth.
And an estate tax like that under Eisenhower would directly impact him. He literally ignores the historian pointing out the Boomer era to a Boomer as proof of Keynesian economics and tax rates that led to a better society, which has been the goal of America, not capitalism.
BPrimeTimeL I couldn’t take him seriously as soon as he started speaking the same talking points Trump spouts. That when I knew he wasn’t serious about facing the the facts.
"So don't tell me about low levels of unemployment. You're counting the wrong things. You're not counting dignity of people. You're counting exploited people." Preach!
Its not the company fault,its definetely govt fault for not putting standard for those company and if you think about exploited people,what about impact of those rich that has give to us?
And those jobs are done by immigrant people. BUT according to Trump-aholics immigrants are here to “take your jobs.” As if any citizen of the U.S. wanted to work in a poultry packing co. 🙄 give me a break.
@@poparrow9416 I'd still put blame on the companies. Its a sad fact that we have to legislate for common decency but that doesn't absolve one from blame.
You would think so. The very principle of owners wanting the highest amount of profit which included paying workers as little as possible while workers want the highest compensation possible is class warfare. Guess who's been winning for years?
I'm from the USA and many eyes are opening and today they are putting their focus on Black Lives Matter and police brutality which would hopefully open leaders eyes to inequality.
@Rock Star You need to open a history book. Look up the colonization of Africa, the dates of independence for each nation, and how long it actually took America to stop deciding political office by way of duel. Learn something first, then speak.
Respect to that lady for hitting the nail on the head. "One medical bill away from poverty" anyone else ever lost their job over a car part you cant afford to replace?
She sure explain it a whole lot , I had similar experience working in Retail and was told do not complained about Unfair treatments from the Managers and Employees , do not expect a Raise just keep your mouth shut and be happy that you have a job. She really explains how the other side feels about the unfair working conditions on the below minimum wage workers.
David Allen it’s usually illegals doing these terrible jobs too tho. I live in TN and I would hate anyone working there. Drive by a poultry factory and it smells like s***. I feel for those people like who’d want to do that job. Unfortunately the most needed, sadly.
Trump, the "law and order" president will just pardon them. Republicans are fascists and Democrats are fascist lite, doing whatever their corporate masters want.
Then why doesn’t everyone start a business and make millions? Oh wait, that requires tremendous risk and years of twelve hour work days. Much easier to just work for the guys who do that instead.
Also requires starting cash, connections, and... Wait a minute.... It seems like the cards are stacked against most of the world population. Go figure...
Also let's forget the literal biilons of people working more than 12 hours a day to get minimum wage why don't we. After all those poor schmuks too lazy to get more money smh.
Winnie Byanyima, the CEO of Oxfam, should be the lead in this heading. The historian was the set up, to her sharp, intelligent conclusion. They both did well, but she nails it.
The problem being the corporate tax rate is 34% and the lower brackets pay next to nothing after deductions and credits. It has more to do with political embezzling pointless projects and this stupid idea that if we just gave the corrupt politicians more of the successful people’s money to give to people who repeatedly make horrible choices and fall into financial failure everything will be okay
I had the same thought as you, Rebecca. I think we all know why Winnie wasn't chosen as the lead... It's sad and infuriating how racial bias permeates even progressive circles. White people (myself included) have to do better!
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the guy briught the theme, he is the brave man who did it, but she nail it like a boss.
@@KC-nb3mm It's not "90% of the wealth", no one advocates for that when they are talking about progressive taxing. Stop strawmanning if you want to have a serious conversation. And yes they would. Innovation isn't motivated exclusively by profit. Some of the people you listed don't even do anything. Elon Musk never invented anything. The scientists he hired do. And he gets all the credit
@@KC-nb3mm when you make a billion dollars every 4 days like Bezos has, I don't want to hear complaining about a 91% tax rate. We're not talking about hurting the upper middle class here. We're talking about taxing people who can buy their own country for fun. Amazon didn't pay any taxes last year. None. Don't for a second defend that system.
@@KC-nb3mm I can guarantee that you dont make anywhere *near* what these men make so why do you care more about licking the boots of billionaires than by fixing the wage gap????
@@KC-nb3mm of course he knows times has changed since 1950s cause taxes went way down. There would be major companies like amazon still with a high tax rate it would just take them longer to be a billionaire. America says it is the land of the free but only in the past. Now America is land of the fee cause that is all they do is take take take to keep the poor poor. You name all those big names but how many of those outsourced their labor overseas? How many businesses did Walmart get shut down when they rolled in new cities? Steve jobs had child labor make his iPhones. How much did those kids make making Steve Jobs rich? America will never be great with the rich running the country.
“You’re counting exploited people” this hits the nail on the head. They keep boasting low unemployment but those jobs are mainly low paying and low benefit jobs. It’s evident in our current 44+ million unemployed right now as we speak since those jobs are causing people living paycheck to paycheck. All it took was a few weeks or a months of being out of work for them to sink back into poverty.
And don't forget, it took only one pandemic of Covid19 to put the layoffs and unemployment rate into the worst since the Great Depression. Many of them were food service workers- chefs, waiters/waitresses and the like Just because we have a lot of jobs doesnt mean that the jobs paid much of anything to begin with
The US unemployment numbers are manicured to show a different story! Many jobs are part time and many people stopped searching for jobs, those are not counted in the unemployment figures!
They always invite these (authentic) guests to raise great points and then firmly ignore them. EVERY YEAR. It's just done for a show, a fake conscience.
People work two jobs at a lower rate than almost any time in this countrys history lol. The USA still has one of the highest upward mobility percentages and we have the most first generation and self made successful people in the world, as well the most successful minority groups in the world.
@@Tygrave you actually can't really always do better. A circle is the best wheel. And the mentality of "more, more, more, I need more money more money more money," is toxic and is the mentality of tyrants lol
But hey. If I give you a part time/full time job that pays 2 dollars an hour, that’s a job right?🤣 They are so proud of themselves. Here’s 2 dollars, I’ll keep all of the rest. 😂😂😂
100%, If 12.00 isn't enough to live on then you're effectively still unemployed! We can all things Ronald Reagan for limiting collective bargaining and trying to give unions less say in this country! Could you imagine how much better off we would be if we didn't attack unions and we lifted them up! Add people or I should say conservatives still see Ronald Reagan as some amazing president! But he's not sometime if you think Ronald Reagan was a great man just Google "controversial things Ronald Reagan did in office! He's a tyrant. For the average American and for the rest of the world
Quality of employment goes to accessible, good quality Education in poorer areas. Without education & skills, what sort of jobs can people do in order to survive? The worst of the worst, obviously. Waste processing, sewerage, mind-numbing production lines in industry, picking produce in agriculture, miners, construction workers, shelf packers.... This is nothing new in the history of humankind. Education & equal access to education for women changes all of that. There will always be the poor doing the worst of jobs. Labour laws changing working hours, protecting mental health, etc, raise the price of products for consumers. If those Labour Laws are not in place currently, massive inflation is in store for everyone across the board when those laws are first implemented because they decrease productivity. Companies will always seek to retain profits so they raise prices & retrench staff - typically.
Tbh I think the title of this video should have been about what Winnie said, she is the one who actually confronted a billionaire and answered directly to his face how his way of thinking is wrong. Yes the historian did his part but this video belongs to the brilliant lady!
Agreed. That 'historian' was completely wrong in his analysis. The effectiveness of taxation is directly correlated to the integrity of the government. If the government is corrupt, increased collection of taxes will not benefit society. And to compare the 1950's to today is disingenuous. In the 50's, labour's power was strong, capital couldn't move and there were no trade deals. Now, thanks to trade deals, labour's power is weak, and capital can move in the blink of an eye.
Winnie Byanyima, the Executive Director of Oxfam International, also gives an impassioned response in this video to Ken Goldman, the CEO of Yahoo, who mouths the usual platitudes about how wonderful things are economically in America. I find it amazing how Mr. Goldman thinks he can get away with this Trump propaganda in Davos, Switzerland, in front of a sophisticated panel of experts. You aren't in the USA anymore, Mr. Goldman.
Please keep your silly politics for yourself. This ain't about Trump this is about rich and poor, exploiters and exploited. Trump, Obama, Clinton's, Bushes, Kennedy's and so on are all part of the same scheme that does not stop at US borders.
@@zoranpantic7419 politics still plays a part when these people will not close up tax loop holes and give trillion dollar tax cuts to the top 1%. Politics is important as you need the right people in charge who will make the necessary changes.
@@zoranpantic7419 Bernie Sanders would've closed the loopholes and raised taxes on the 1%. Media owned by the 1% labels him a socialist, boomers get scared because socialist propaganda, boomers vote against Sanders, The End. We're here mostly because of propaganda, bad education, and boomers had lead in their water growing up. They're historically easy to manipulate, and they've been manipulated their entire voting lives. Trump is just the final product of boomer politics, which has nothing to do with policy and everything to do with feels/'beating' the other side of the aisle. Like some sort of tribal sports game.
He knows such proposals would affect him negatively personally. He is all in favor of philanthropy or other charities when he can directly call ALL the shots; decide to the cent how much (if anything) to give, what the programs are, who gets hired, etc. But when taxes are involved... then he loses control, thus gets upset.
Julia Waters so you’re saying if someone spends majority of all their youth in school learning how to be good at their craft works crazy hours every single day & trades in sleep just to succeed, sacrifices their family or doesn’t even bother starting one, that they don’t deserve to buy whatever they want with what they worked for? Because as much as you people expect handouts just for existing some people are working 100 times harder than you could ever imagine yet you expect someone who moves boxes for a living to get the same reward as the person I described above. There are 7+ bn people on the planet & that means heavy competition whether you like it or not, majority won’t succeed not because they can’t but because they’re busy waiting for their handout instead of facing reality. You people are living in fairy tales if you think billionaires are ever going to cater to you, the corrupt ones will always find a way to game w/e tax panacea you think will get you free money. The white guy is right it’s not realistic at all, a topic like money is deadly serious & personal to every single human being & you have no idea the lengths people are willing to go to protect their money. Getting money has never been easy nor will it ever be, but y’know keep dreaming.
@@judigemini178 Heard it before, it was wrong then and it's wrong now. The difference is, "then" was pre-internet and at least people had an excuse not to know better. What's yours?
Giving someone a job opportunity so that they can sell their energy for money which they can use to improve their standard of living is NOT exploitation.
@@vaibhav2k13 nice. Tell that to the families of the victims of linen factory workers in Bangladesh. Tell them that their lives had significantly improved by giving those victims a chance to paid work at the expense of their own lives.
@@unrealladynoshoes3554 While they were working there yes their lives were better of. Work related deaths can happen in high paying professions too, for example the Chapecoense football club players died when their plane crashed. But their lives were indeed better of when they were playing for the club compared to if they were unemployed. Also when looking at scenarios it illogical to take one extreme example and apply that to whole thing. On the whole there is no arguing that people working low paying jobs have their lives improved because of that job. But I know you don't care for logic and all that I said will just go over your head.
@@vaibhav2k13 Really? Have you checked the victim's family what happened after they were dead. You're comparing people who earned millions per play that would guaranteed their children and their children's children will be well off after they died vs. minimum wage workers who lived less than 2 bucks a day that wouldn't be enough to feed his family let alone ensuring the future. What do you mean by extreme? The fact is the economic imbalance between the poor and the rich is so extreme, we cannot help but compare to those two together. What is illogical is when a person is comparing two apples together and called it even. That's what you do when you are trying to generalize a situation and pick up a group of well paid, certainly well insured football players and try to picture them together with those guys who struggled to make ends met and put on a false assumption that all is equal. Those linen factory workers were put in a situation easily avoidable. They were working in an illegal factory where building were not safe. Those football players died not because they were forced to play in an open field on a heavy storm which they got struck by lightning. They died by unfortunate situation. The Bangladeshis were not. The worst part was, the factory owner got away with it by declaring bankruptcy which is currently a common getaway method of keeping your money and not having to pay the poor for your unscrupulous deeds.
“Stop talking about philanthropy, start talking about taxes” this is exactly why I don’t believe in charities. We invented government to care for the people, and government has failed because of the corrupting influence of money, so we create other organizations to put even more money into this already broken system
@@odinpaxton2408 He is, he's in the Senate now. Now taking him out of politics, not just Congress, us imperative. He should have the same sway as a single voter. Not a whole nation.
exactly, all these JOBS disappeared like dust on the wind, because they were in the first place just a fairy dust that were created to prop up the economy numbers and for Trump to claim the lowers unemployment rate.
I agree so much. The lack of empathy and self-congratulation of the wealthy are appalling, it was bad before corona, and it is worse now because corona was used to shift even more public wealth to the private hands of the rich via PPP. They stole small business loans from small businesses. And this administration is refusing to show where the small business loans from PPP went, as small businesses are denied loans because as usual the fat cats swooped in and plundered all the money already. Disgraceful shameless greed.
Ian Carolan great question and the only real answer you can have is in empirical data since there is no way anyone can foresee every single consequence to an action. For instance, do affordable housing programs actually make houses more affordable? the only way to really know is to study the results.
Big Philanthropy is actually pretty bad, because that's a pay to win way to influence politics and distract from scandals, billionaires run the country with oittle to no accountability, Bill Gates was asked if he wanted to become president and he said that he had more influence with philanthropy, that's scary, because he's right, There's a Patriot Act episode on this that's worth watching
@@l.c.8475 Lmao I swear I've typed this exact comment to someone before. That Bill Gates thing still haunts me - billionaires have more political influence than actual world leaders
“My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.” - Warren Buffet "Warren Buffett doesn’t think the rich in America are paying enough in taxes. “The wealthy are definitely undertaxed relative to the general population,” he told CNBC’s Becky Quick during an interview on “Squawk Box” on Monday."
Mahalia M Wright The rich already pay taxes to the federal government, according to research by the Congressional Budget Office the effective federal tax rate on the top 1% is roughly the same now as it was in 1979, while the rates on the middle and working classes have fallen sharply.
@@alsmith5147 not sure where you live, but as per my understanding all normal and regular people are paying federal taxes, while big corporations and people with high income are usually able to avoid it. Tax breaks to big corporations or persons with high income should not be given, unless they create jobs of quality and pay decent wages. Now tax breaks reached companies like GM that close down factories and fire thousands of workers. So, why give them millions in tax breaks on both, federal AND state taxes. So, not sure if you don't pay taxes, but the average American pays taxes, or he/she will be locked up. Also agreed with the other comment, it is difficult to see how managers and CEOs get extremely high wages, which may be OK, but if the company doesn't go well thosuands of workers loose their jobs... The actually responsible persons, managers and ceo's, you may even add main shareholders to that,... They are not being held responsible. Contrary, often they get payraise for firing people because they safe their company money, or if they are fired for doing a bad job they often get millions as compensation for being fired... Even though they did a utterly bad job. Let's start with big corporations and big wealth owners paying their part. Assuring that everyone pays their taxes (in case applicable) before sending higher amounts of money to any other country... The "little man" pays billions in taxes, but of course, they hold not even half the wealth of those that mainly avoid paying the big part of their taxes. How about using your brain a little more? Or did you think your initial all caps words make you sound clever? 🤣
As much as I love "a Historian" Rutger Bregman, his books and his philosophies, Winnie Byanyima also deserves more credit in the title. She made excellent points as well.
@@aldean5494 taxes are what the government uses to pay for social support systems such as universal healthcare, social housing, public schools and infrastructure. these are things that increase quality of life, and keep people above the poverty line. if people don't pay taxes, the government won't have the budget for these things.
@@avakiin6614 no, she complained about the low quality of jobs. The guy before her talked about taxing the rich, which really isn't a solution, it's a generic term people like her use to get people like you to clap like trained seals. You can completely liquidate a company like Amazon and only get a little less than $2 trillion. Not even enough for another CARES Act. When you start doing the math you realize that "taxing the rich" doesn't magically fix everyone's problems.
Don't worry. Everyone watched the whole thing and she was at least half of it. I agree she should've been in the title, but sadly that won't sell to the masses and that is who needs to hear it. It sucks, I agree but it is what it is at the moment.
This is just an example of ‘white supremacy’. She contributed to the conversation more, but they didn’t even include her with him on the thumbnail. Or even credit her in any way on the title. This shows that POC are more likely to be sidelined, even if they contribute more, but if there’s a white male who didn’t add as much to the conversation they’ll place him on top.
2:43 Taxes are literally the most straightforward way to solve inequality. Give everyone right to a education and healthcare and a vast majority of issues with inequality is solved. how do you pay for these program? Taxes...
@@elaineteut1249that’s not what’s being proposed. What is needed are investments in the services and infrastructure that will enable ALL of us to live better lives.
"What can we really do to solve inequality beyond taxes?" This man does not care about solving the problem. He cares about solving HIS problem, which is that everyone is telling him that he is the problem. Thanks Ken Goldman, CFO of yahoo, for representing everything that's wrong with the 1%.
Labor theory is an Antiquated theory. So many obvious exceptions like perfumes fundamentally break this theory like an egg. Please tell me the other 'very good arguments'.
Indeed. He understands that he doesn’t have any responsibility over other people, while the others where like ”it's up to you to make the world more comfortable for me”.
Also, they spend a big part of it on the military, which also abuses the money so very severely, too. $880 billion budget. Almost a freaking trillion a year just for the military. Why? Are we being invaded by aliens?
the thing is, historically, and potentially, when there are threats to our lives, we are capable of being hunters, and very strong leaders and protectors of what's right .. but they condition that out of society
@@aldean5494 he was trying to prove a point of thing that are “more important” to talk about then taxes, he had said unemployment is low. so she changed the topic and said that while unemployment is low the jobs are not dignified.
Ken Goldman: We have low unemployment, so there's no problem with the tax structure. Actual people: tf? Wages have stagnated for 40 years while the top 10% has sucked up 90% of the wealth. How is this not a tax problem? Davos needs more normal people and fewer plutocrats.
@@poparrow9416 I'm not crying, I'm pointing out that Ken Goldman doesn't understand what the problem is. "They made their money on the market" = corporations paid profits to investors, not paychecks to employees. I'll let you figure out the correlation.
Josh Wilson that's why need to invest ourselves,if u invest in stock market..you'll get additional money and value,if u invest in stock market,you'll get the money even if you're jobless or retired.if you dont invest...you'll get to work forever till you die.
It's at least as much a globalisation problem. The one group of people in the entire world that has stagnated in the past few decades is the western working class. This is not really because of taxes so much as it is because their jobs have all been shipped overseas. For ordinary people in poor countries, the past few decades have been a bonanza of growth. Who was it who said that international capitalists will sell the executioner the rope to hang themselves.
@@adohmnail6445 And why? Rarely because they wouldn't have the brain capacity. Truth is that many people don't know what real poverty is. And I don't mean "we can't afford a house, car or holidays"-kind-of-poor. I mean "we have to live off the same cheap, unhealthy meals everyday with kids that rarely see their parents who are trying to make ends meet with multiple jobs while hoping nothing unforseen happens because we can barely save a handful of dollars every month and are not given loans". It's easy to come from a position of privilege and think that you worked for everything you have, completely forgetting how you had the ressources available to educate yourself, a stable family, financial freedom and many more things that supported your education and growth into a valuable member of society. People think this kind of poverty only exists in Africa and Asia, but it's present in every country. You just have to know where to look.
A Dohmnail The vast majority of difficult jobs are done by people with a HS level diploma at most, that’s because the real difficult jobs are the ones that people with higher education think are beneath them.
Love that woman. She hit the nail on the head. And for all those people who keep saying the government is the problem: The system was broken the moment the government got so weak that employers where able to smash workers' unions and their right to fight for their rights. Treating employees like things and not human beings, bringing in modern day slavery.
It wasn’t the government, it was the trade deals that broke the power of labor. Mark Blyth has a series of lectures discussing this and how it brought about Trump, Brexit and neoliberalism
@Ann Linley I don't have the right to join a union at my current job, and neither do lots of other people. That's a big deal. I mean yea, I get an hour for lunch which is nice and all, but I'd give that up for collective bargaining power any day of the week.
@@alexhurter5271 Not just American. It's global. Europe has multiple tax havens, even within the EU-27 (Ireland, the Netherlands, Luxembourg, Malta, Liechtenstein).
@@Ehrgeiz33 update your facts Ergh-man, it's 2019 now not 2015. Irish Taoiseach Leo Varadkar was also at Davos, he answered to the importance of closing tax loop holes. He was speaking with the Polish PM, the Dutch PM, and the EU Trade Comissioner. "... we’ve never taken more money in from corporation tax in the last year than ever in our history and part of the reason, the cause for that, is that we’ve closed down things like the double Irish. We no longer tolerate stateless corporations, we’re forever closing loopholes that exist in our tax system." “I’ve a very simple view on this, I think big companies should pay their taxes, they should pay what they owe, pay them in full and they should pay them where they are owed. And the best way we can respond to the changes in the world economy is to agree these things at an international level through the OECD.”
Everyone can confront greed by asking less. My uncle, when he was told the low wage he will be earning even said, no I want less, and give me this amount you offer me after year or so when you see if I was worth it. That is called “fighting greed”. He was offered less then 1000usd a month and worked for 800usd a month instead. They never gave him the amount they offered to him initially, so after two years he changed job.
I love what Rutger Bregman and Winnie Byanyima said! Of course they are both 100% correct. We have all been brainwashed into accepting that measures like unemployment rate and GDP actually mean something, but those indicators don't matter at all to working class people. We need to be using measures like wage growth, savings rate, debt ratio, etc, as they indicated the health of the REAL economy. These indicators say a lot about how actual people are doing, but the wealthy power brokers don't really want us to know how bad things are for the average worker. We've also been duped into believing that billionaires are these godlike figures who got rich because they worked hard and are so intelligent and this is true in a few cases, but the truth concerning the vast majority of them is quite different. Most billionaires either inherited wealth or were so extremely lucky and privileged in life, that they had every opportunity laid out before them. They mostly use philanthropy as a means of keeping the pitchforks at bay while they rob the world blind. Anyone who is fortunate enough to "earn" over $10 million per year should be paying a much higher effective tax rate than someone earning a middle class wage, but that is not the case in the USA. Most workers pay a larger percentage of their income in taxes than any multimillionaire or billionaire. For decades, American voters have allowed the wealthy to buy our politicians and dictate tax policies that benefit them, at the expense of everyone and everything else. This must end. Only support uncorrupted progressive candidates!
I calculated that if you had a mere 1.5 million kicking back dividends at around 4-5% you'd get about $70,000 a year which means if you didn't live extravagantly you'd never have to work a job again. Congrats, that's winning. So they would be perfectly fine up to 10 million before worring about a high marginal tax rate above that.
He’s wrong. The effectiveness of taxation is directly correlated to the integrity of the government. If the government is corrupt there will be no improvement to society Secondly, his comparison to the 1950’s is completely disingenuous. In the 50’s the power of labour was much stronger , movement of capital was much harder and there were few trade deals. Now capital can move at least he blink of an eye and trade deals have destroyed the power of labour. Higher taxes won’t address any of these issues and will likely make it worse.
"This is my first time at Davos [...]" Well, mate, seems like it will be the last time ever, I guess. Too many questions and not the right ones for the rich...
“Just a medical bill away from poverty.” As a chronically ill person, this makes me feel sick. And there’s no going to doctors for this sickness, not when their systems are it’s source.
Tbf, rich people getting taxed doesn’t solve the issues we face. Especially given that if they were taxed appropriately, it just goes back into a corrupt and greedy government anyways, who would mismanage those taxes or even give it back to the rich, given that those rich people are responsible for politicians being in power in the first place.
In places like Mexico the 10% includes upper and lower middle class. My salary as a software engineer puts me in the top 1% in regards to income (in mexico). But my house is built on a 70 squared meters piece of land, I own a mini truck from 2017. Don't get me wrong I know I'm lucky AF. But percentages don't paint a clear picture. We must speak about hard dollar figures because percentages paint a fuzzy picture
i like what the lady had to say. i have a lot of family and friends who pay 30%-40% of their incomes on taxes. they make between $100k-$500k. but when i look at millionaires and beyond, they pay less than 20% of their incomes on taxes. and multibillionaires pay less than 10% of their earnings in taxes.
You are almost certainly missing property taxes in rental property, sales tax, social security tax (at least half) and the many fixed taxes which are very regressive. The ssi, state and local taxes for middle income and lower is about 27. For the top 2%, it is roughly 1%. We do need a, wealth tax, estate tax, to disallow trusts, and to stop resetting the basis for investments on death.
@@northofyou33 you don't. A portion of your salary is at 30% with the remainder being taxed at lower rates. You summation of your personal tax contribution is an example of why so few people understand their taxes.
@@cardster7980 Yeah and as a millionaire you benefit more from taxes than a poor person. There is a high likelihood that your employees are on social assistance unless every level of your business require high skill high cost labor. Few businesses exist that do so in all honesty. As such yeah. You should pay more in taxes since you are not running your enterprise in a socially responsible fashion and paying your employees a wage that would reasonably reduce their likelihood of receiving social assistance.
YES BECAUSE THAT IS THE MOST IMPORTANT THING WE CAN GATHER FROM THIS VIDEO! You are the definition of a person, who claims to be anti-racism yet makes EVERYTHING about race! Please, enlighten me: What is it that you want to accomplish with your outrage?
there is a reason they are exploited, they are usually people people with no education and that's the only jobs they can afford it, but socialist prefers those people to be jobless apparently
@@machinegun2282 Actually, it's because corporations have a growing monopsony on employment, the same way private insurers have a monopoly on healthcare in the US, and are able to get away with drastically overcharging as a consequence. We don't want people unemployed for our disapproval of underpayment anymore than we want people uninsured for our disapproval of overcharging. We could regulate wages, we could do UBI, we could do guarantees for basic necessities like food, housing and medicine by taxing the insane profits of these corporations, we could democratize them so workers have a say in their conditions; there are countless ways to ameliorate conditions. Anti-capitalists simply do not agree that a system where decisions are exclusively motivated by profit will result in the best conditions. You're telling me that it's either diapers, or unemployment for these people? We can't regulate this industry to make the work more dignified without running them out of business? Why not bring back slavery while we're at it to drive unemployment down to zero? Many a business would suddenly be able to afford to operate if they only had to feed & shelter workers in closets, you know...
there is a reason they are exploited, they are usually people people with no education and that's the only jobs they can afford it, but socialist prefers those people to be jobless apparently. If you want a better job you need a better qualification
Real M Mainstream media is on your side, I'm sure lots of media outlets would love to air this, but it would ruin their non-partisan facade. The left inhabits significantly more news companies than the right. This is fairly obvious if you read or watch the news from a non bias perspective. Which is difficult for most people.
Monty MF Most self aware left leaning people who pay attention to headlines can tell you it usually involves going after, or admonishing the right. Go to Cnn, MSNBC, the Washington post, the New York Times, the LA Times. Or when it comes to entertainment, Jimmy Kimmel, Trevor Noah, and a massive slew of others. Please don't be like the religious and feed yourself whatever BS it is you already want to hear just so you can stand against it all.
bc people don't open their eyes that not the virus is locking down everything, its the politicans that introduced the world into a second ww2 end state.
@@gamingsportz3390 Its not about people opening their eyes. Its about voting in the right people. Technically people can't do jack unless it is in an extremely over whelming majority. Even then, a president can suppress the people thru military force by their own selfish choice. *Cough cough Trump trying to cause a mutiny*
@@flameshoter6 He didn't tried to provoke a mutiny you doughnut, if he really had that intention right now he would be condemned by more than just "provoking a riot" in the Capitol. Only retards believe that the House and the Senate would stop all procedures to recognize the new president just because people invaded A building.
@@flameshoter6 Yeah like destroying, pillaging and burning everything down just like some certain people who are characterized for wearing only black does
Goldman asks how you can solve inequality without talking about taxes. That's like asking how you can solve climate change without talking about CO2 or how you can cure an infection without talking about antibiotics... I understand this is a whole paradigm change for him and how he must realize that if this is true he must change his whole outlook on life, so that's why he resists it. But the idea you can talk about inequality without talking about taxes is prima facie ridiculous.
@FAT cat To be fair? No. stop it. That's not the point. You can talk about Global warming with ch4 but CO2 is equally if not more, important. Taxes are important for inequality. You are missing the point of this comment.
@@aphrolith7676 Methane is actually a bigger problem than the CO2. His point was that there are more than one way to fix the problem. You realize by increasing taxes you will just cause business flight. When all the big businesses move to a friendly country the old country will collapse.
@@MrJaaaaake This is just fundamentally wrong. Even though a few companies can leave and will, a lot can't and if you have a proper tax code that does not allow profits from your country to be taken out of the country without paying taxes you wouldn't have this problem anyways.
@@dutchymcdutch2553By not allowing profits to be taken out of country the government would be truly totalitarian. That would mean ever private institution is actually public property run by individuals. It would also make it hypocritical when the government sends hundreds of millions in foreign aid. The government must bend to the people, not the other way around. You really do embody the money grubbing Dutchman stereotype .
He was a little childish and emotional. No need for that language, either. Also, increasing taxes wouldn't help. When tax was 91 percent in the USA as he mentions, most jobs weren't digital jobs. Now companies can hire outside of countries within minutes. If wealthy Americans are taxed 70 percent, they will move. Simple. I know if I was taxed 70 Percent here in the UK I would seriously consider moving.
@@jacoblucasgifts then the country needs to grow a pair and tax the company who hires foreign workers a huge punitive measure, and to selfish ppl like you ban them from the country, its been too long this excuse of companies exploiting borders to escape paying proper taxes
@@nonono9194 Doesn't works. Look at France. They are working to abolish a law which states that you have to pay an exit tax when taking your money out of the country. People and businesses simply left, and they now have to change it. America is America because you can make it here.
"Look at us. We're the world's most powerful nation. What? No, we don't have the might to tax our rich. What? Why not? Because they wouldn't like it and they'd leave. :'("
kei, that would be like saying - letting a bus driver pilot a plane & wondered why it crashed or a street magician do your dental work & wondered why your teeth wasn’t done right - probably on an alternate universe they will do just fine
This is exactly it. No one needs to be a billionaire. How do these people justify amassing these fortunes while billions of people live lives of desperation?
@@Thomas-Bradley but it's not through their hard work, it is through their workers' hard work. People like Jeff Bezos pay their workers so little that they qualify for food stamps and govt aid while he keeps 97% of the profits and the 100,000 people working for him only get 3% of the profits combined. That's just wrong. You can't comprehend how much money he has, about $140 billion. If he were to go back to 1919 and burn $100,000 every single day for 100 years until today (36,500 days), he would still have about $136 billion. That's just disgusting. Nobody needs or deserves that kind of money and he certainly didn't do enough "hard work" to warrant him making more money than every single person in his entire organization combined. How can you possibly think that's right or fair? He could literally burn $1,000 every day for 2,000 years and that would only equal about $750 million, leaving him with $139.2 billion still after 2,000 years of burning $1,000 every day. You can't justify that. How come people who actually save people's lives like EMTs and doctors only make about $50,000/$200,000 yet a guy who runs a website deserves to make more than that in 1 single day? Let them keep $1 billion, that's enough for anyone to live the most extravagant life they could imagine and they could still make more money by investing and putting some in CDs so they'll never run out of money. Nobody deserves to have more wealth than 10% of the entire world and you're a blind fool if you think they do.
@@jamesw657 well, good luck mate. I am not even American anyway so why do I care? I don't even use Amazon in my country. It is through HIS hard and intelligence that he can be that wealthy. Not just every lazy bum can accumulate such a huge amount of money. I agree that he should be paying more taxes to the goevernment and to pay proper wages to his many employees. You are just frickin' jealous that you are not as rich as he is. If anything, he is an inspiration that if you work hard and smart you can uplift your financial condition.
Really ballsy of the super rich former CEO to get up and talk about how great everyone has it and can we please talk about something other than taxes.. I'd love to see him do an actual job for an actual wage these days and then talk about how good things are
regarding the US boasting about its low unemployment rates: “You’re not counting the dignity of people, you’re counting exploited people.” YES MA’AM!!!
@@mikolowiskamikolowiska4993 You prefer to have the comprehension level of a third grader? Watch the video again and maybe a couple more times just for good measure so you don’t ask a dumb question like that in public again.
Punish corporate growth by taxation. Corporates will cease to exist since the drive will be taken away. So then there needs to be some way to build economy some other way. People do what makes them happy not what makes others happy.
Exactly! Earning a wage that can cover the basics of life - food, shelter, clothing, transport, medical costs - is becoming rarer and rarer as each year goes by. The true inflation rate is far higher than the manipulated, false one, the governments spit out each year.
@Dylan Manson Using tough guy rethoric isn't really reinforcing your point. But yes, the government should ensure that the top percentiles ain't just hoarding their unfailry earned wealth, while they trample on their workers rights. That's what it's for, isn't it? The government should represent it's people and by that decree, protect them from exploitation. Every full time job should pay enough for rent, food, medical bills and a little bit of fun, ain't it? Because right now they don't. Of the people, by the people, for the rich doesn't really have the same ring. That the market doesn't regulate itself is already proven.
@Dylan Manson "It is unfair that you are even alive." That is your answer to the economical problems of the people of our time - and your critics? God bless you. You do realize that people like Zuckerberg and Musk, even with just 10% of their wealth would still live in unfathomable luxury? They can have their place at the top. But just imagine how much change could happen, would that money flow back to the people and the workers that in the first place build up their bosses corporations. But you don't sound like someone that really cares about others, to be honest. I still wish you the best. And an awakening, sooner or later.
@@kohlrabe1709 Winnie Byanyima makes more than £112000-a-year. GDP per capita in Uganda (where she is from) is about 1000 USD pr. year. Oxfams HQ is in Kenya where GDP per capita is about 1800 USD. Furthermore, Oxfam obtained secret tax breaks from Kenya to smooth its path to Nairobi.
there is a reason they are exploited, they are usually people people with no education and that's the only jobs they can afford it, but socialist prefers those people to be jobless apparently
They have lots of ways of whitewashing their image and retaining every cent possible, another is by donating much less than they’d have to pay with fair taxes.
Of all the people who should speak up, it’s Ken Goldman, former CFO who helped run Yahoo into the ground. He made so many of his former employees unemployed and here he is, completely unaffected, reaping all the rewards while sowing none of the negative consequences of running a company into the group. All because he was born into the Goldman (of Goldman-Sachs) family, with a golden spoon in his mouth.
And an estate tax like that under Eisenhower would directly impact him. He literally ignores the historian pointing out the Boomer era to a Boomer as proof of Keynesian economics and tax rates that led to a better society, which has been the goal of America, not capitalism.
According to Yahoo’s former CFO’s logic, slavery would be great, no unemployment at all!
BPrimeTimeL I couldn’t take him seriously as soon as he started speaking the same talking points Trump spouts. That when I knew he wasn’t serious about facing the the facts.
I bet he wished he had never stood up! Former CFO is right!😂😅😆
That's why we don't login into his emails anymore.
@@mr1nightgoblin it would be great for people like him and horrendous for millions of people he would never have to meet.
His "question" Shows you exactly how these people think.
"So don't tell me about low levels of unemployment. You're counting the wrong things. You're not counting dignity of people. You're counting exploited people." Preach!
Its not the company fault,its definetely govt fault for not putting standard for those company and if you think about exploited people,what about impact of those rich that has give to us?
And those jobs are done by immigrant people. BUT according to Trump-aholics immigrants are here to “take your jobs.” As if any citizen of the U.S. wanted to work in a poultry packing co. 🙄 give me a break.
@@poparrow9416 I'd still put blame on the companies. Its a sad fact that we have to legislate for common decency but that doesn't absolve one from blame.
That was an amazing statement
yeah she nailed that.
“You’re not counting dignity of people. You are counting exploiting of people” well said 👏
1500 private jets flying these people to a forum to talk about how to battle "climate change"...
They couldn't take the train? Jesus.
How much gas ? Why couldn't they do a web-bar meeting?
This is obscene!
@@Wednesdaywoe1975 Greta did and they laughed at her.
@@Wednesdaywoe1975 the train? Gross you are a simp
Its seriously shocking how many americans dont see the exploitation of the labour force that is so rampant in their country..
Some of us have been seeing it for decades. The powers that be own our government, however, so very little change can be implemented at this point.
You would think so. The very principle of owners wanting the highest amount of profit which included paying workers as little as possible while workers want the highest compensation possible is class warfare. Guess who's been winning for years?
Ignorance is bliss.
I'm from the USA and many eyes are opening and today they are putting their focus on Black Lives Matter and police brutality which would hopefully open leaders eyes to inequality.
@Drew Down go to malaysia or singapore or bhutan or finland then say the same thing again.
I feel like the black lady deserves credit too for bringing up real facts
Rock Star Europe certainly helps keep it that way
Her name is Winnie Byanyima.
@Rock Star You need to open a history book. Look up the colonization of Africa, the dates of independence for each nation, and how long it actually took America to stop deciding political office by way of duel. Learn something first, then speak.
Agreed, the title of video is doing a little whitewashing itself
@Rock Star Africa is a continent made up vastly different cultures, with people who do not share the same values or belief system. Keep that in mind.
Respect to that lady for hitting the nail on the head. "One medical bill away from poverty" anyone else ever lost their job over a car part you cant afford to replace?
Winnie Byanyima, That 's her name, the lady taking down Statistical Human Bot
She sure explain it a whole lot , I had similar experience working in Retail and was told do not complained about Unfair treatments from the Managers and Employees , do not expect a Raise just keep your mouth shut and be happy that you have a job. She really explains how the other side feels about the unfair working conditions on the below minimum wage workers.
David Allen it’s usually illegals doing these terrible jobs too tho. I live in TN and I would hate anyone working there. Drive by a poultry factory and it smells like s***. I feel for those people like who’d want to do that job. Unfortunately the most needed, sadly.
yoooo she was so bomb!
She absolutely deserved equal billing with Rutger on this takedown
I like her views on the issues. Sober and factual.
“Nobody wants to talk about tax” CEO “hey can we talk about things other than tax”
CFO* (makes it even worse/better)
Hadrien Enlart true dude 😂
Pay taxes, how about indictments for all the scandels big corporations have been in over the past four decades?
Trump, the "law and order" president will just pardon them. Republicans are fascists and Democrats are fascist lite, doing whatever their corporate masters want.
@@guzzidude7410 what you describe is not fasicsm, it is capitalism
That b/millionaire: "This feels very one-sided."
The global economy: "Why, yes, it is."
It has been very one sided over the past year.
Then why doesn’t everyone start a business and make millions? Oh wait, that requires tremendous risk and years of twelve hour work days. Much easier to just work for the guys who do that instead.
Also requires starting cash, connections, and... Wait a minute.... It seems like the cards are stacked against most of the world population. Go figure...
Also let's forget the literal biilons of people working more than 12 hours a day to get minimum wage why don't we. After all those poor schmuks too lazy to get more money smh.
@@holysword876 1) that’s what loans are for, 2) no it doesn’t, 3) oh wait, those were your only points.
I applaud Rutger Bregman for being outspoken about the elephant in the room. Proud of my fellow countryman.
Winnie Byanyima, the CEO of Oxfam, should be the lead in this heading. The historian was the set up, to her sharp, intelligent conclusion. They both did well, but she nails it.
Rebecca amen
because she is more close to real explotation cases, more human view.
The problem being the corporate tax rate is 34% and the lower brackets pay next to nothing after deductions and credits. It has more to do with political embezzling pointless projects and this stupid idea that if we just gave the corrupt politicians more of the successful people’s money to give to people who repeatedly make horrible choices and fall into financial failure everything will be okay
I had the same thought as you, Rebecca. I think we all know why Winnie wasn't chosen as the lead... It's sad and infuriating how racial bias permeates even progressive circles. White people (myself included) have to do better!
the guy briught the theme, he is the brave man who did it, but she nail it like a boss.
Unemployment rate is not relevant if the minimum wage is not sufficient for sustaining your household.
That’s a really good point!
Exactly. Companies refuse to pay a “livable” wage.
RatedR you’re paid according to the value you provide. If you deserved more money, then someone out there would pay you.
The iron law of wages states that if you increase the minimal salary, inflation will adjust accordingly to match it.
Lil 5pook That’s a perfectly logical myth.
The historian made a good starter argument, but the OXFAM lady absolutely nailed the point
@@KC-nb3mm It's not "90% of the wealth", no one advocates for that when they are talking about progressive taxing. Stop strawmanning if you want to have a serious conversation.
And yes they would. Innovation isn't motivated exclusively by profit. Some of the people you listed don't even do anything. Elon Musk never invented anything. The scientists he hired do. And he gets all the credit
@@KC-nb3mm when you make a billion dollars every 4 days like Bezos has, I don't want to hear complaining about a 91% tax rate. We're not talking about hurting the upper middle class here. We're talking about taxing people who can buy their own country for fun. Amazon didn't pay any taxes last year. None. Don't for a second defend that system.
@@KC-nb3mm I can guarantee that you dont make anywhere *near* what these men make so why do you care more about licking the boots of billionaires than by fixing the wage gap????
Mrs. Winnie
@@KC-nb3mm of course he knows times has changed since 1950s cause taxes went way down. There would be major companies like amazon still with a high tax rate it would just take them longer to be a billionaire. America says it is the land of the free but only in the past. Now America is land of the fee cause that is all they do is take take take to keep the poor poor. You name all those big names but how many of those outsourced their labor overseas? How many businesses did Walmart get shut down when they rolled in new cities? Steve jobs had child labor make his iPhones. How much did those kids make making Steve Jobs rich? America will never be great with the rich running the country.
Remember this, when politicians tell us there is no money.
“You’re counting exploited people” this hits the nail on the head. They keep boasting low unemployment but those jobs are mainly low paying and low benefit jobs. It’s evident in our current 44+ million unemployed right now as we speak since those jobs are causing people living paycheck to paycheck. All it took was a few weeks or a months of being out of work for them to sink back into poverty.
I think the dude who complained about them talking about taxes was one of the ppl that disliked this vid!
And don't forget, it took only one pandemic of Covid19 to put the layoffs and unemployment rate into the worst since the Great Depression.
Many of them were food service workers- chefs, waiters/waitresses and the like
Just because we have a lot of jobs doesnt mean that the jobs paid much of anything to begin with
ok, where exactly are the “correct” jobs at? if you keep making low skill jobs expensive then people will just take those jobs elsewhere.
christian stefano “We can’t exploit these people anymore, let’s go exploit different people.”
Yep.
Unemployment doesn’t matter. It’s a joke argument.
"When you talk about unemployment, you're not counting the dignity of people - you're counting exploited people" ~ Winnie Byanyima
👏🏽👏🏽👏🏽👏🏽👏🏽
Yes, we all saw the video...
That's a powerful statement
That man was talking about 'modern slavery' and the lady was right, those were exploited people not employed
The US unemployment numbers are manicured to show a different story!
Many jobs are part time and many people stopped searching for jobs, those are not counted in the unemployment figures!
Billionaires: I’m already paying the slaves, I’m not paying any taxes
That part.
🤣😆
Nailed it.
*for the
They're not paying free money. They're paying like giving a slave some bread and water.
They always invite these (authentic) guests to raise great points and then firmly ignore them. EVERY YEAR. It's just done for a show, a fake conscience.
Loved the OXFAM CEO. She hit the nail on the head. Another point is that people work multiple jobs and still barely make it financially.
Good point
People work two jobs at a lower rate than almost any time in this countrys history lol. The USA still has one of the highest upward mobility percentages and we have the most first generation and self made successful people in the world, as well the most successful minority groups in the world.
@@swickens930 but you can always do better. Thats real progression
@@Tygrave you actually can't really always do better. A circle is the best wheel. And the mentality of "more, more, more, I need more money more money more money," is toxic and is the mentality of tyrants lol
That's because they make slave (minimum) wages in a high cost of living country.
The lady was spot on. It’s not just about unemployment rates. It’s about quality of employment.
But hey. If I give you a part time/full time job that pays 2 dollars an hour, that’s a job right?🤣 They are so proud of themselves. Here’s 2 dollars, I’ll keep all of the rest. 😂😂😂
100%, If 12.00 isn't enough to live on then you're effectively still unemployed! We can all things Ronald Reagan for limiting collective bargaining and trying to give unions less say in this country! Could you imagine how much better off we would be if we didn't attack unions and we lifted them up! Add people or I should say conservatives still see Ronald Reagan as some amazing president! But he's not sometime if you think Ronald Reagan was a great man just Google "controversial things Ronald Reagan did in office! He's a tyrant. For the average American and for the rest of the world
Quality of employment goes to accessible, good quality Education in poorer areas.
Without education & skills, what sort of jobs can people do in order to survive?
The worst of the worst, obviously.
Waste processing, sewerage, mind-numbing production lines in industry, picking produce in agriculture, miners, construction workers, shelf packers....
This is nothing new in the history of humankind.
Education & equal access to education for women changes all of that.
There will always be the poor doing the worst of jobs. Labour laws changing working hours, protecting mental health, etc, raise the price of products for consumers.
If those Labour Laws are not in place currently, massive inflation is in store for everyone across the board when those laws are first implemented because they decrease productivity. Companies will always seek to retain profits so they raise prices & retrench staff - typically.
Tbh I think the title of this video should have been about what Winnie said, she is the one who actually confronted a billionaire and answered directly to his face how his way of thinking is wrong. Yes the historian did his part but this video belongs to the brilliant lady!
Agreed. That 'historian' was completely wrong in his analysis. The effectiveness of taxation is directly correlated to the integrity of the government. If the government is corrupt, increased collection of taxes will not benefit society. And to compare the 1950's to today is disingenuous. In the 50's, labour's power was strong, capital couldn't move and there were no trade deals. Now, thanks to trade deals, labour's power is weak, and capital can move in the blink of an eye.
They new they would get more clicks with him as the lead.. She killed it...
I'm surprised actually because i wasn't expecting it. It should have been a separate video of its own.
both did good
Yes but he was the first one to speak up.
"You're not counting dignity of people, you are counting exploited people." Shots fired
People chose their dignity when they chose to remain ignorant and lazy
Winnie Byanyima, the Executive Director of Oxfam International, also gives an impassioned response in this video to Ken Goldman, the CEO of Yahoo, who mouths the usual platitudes about how wonderful things are economically in America. I find it amazing how Mr. Goldman thinks he can get away with this Trump propaganda in Davos, Switzerland, in front of a sophisticated panel of experts. You aren't in the USA anymore, Mr. Goldman.
Please keep your silly politics for yourself. This ain't about Trump this is about rich and poor, exploiters and exploited. Trump, Obama, Clinton's, Bushes, Kennedy's and so on are all part of the same scheme that does not stop at US borders.
@@zoranpantic7419 politics still plays a part when these people will not close up tax loop holes and give trillion dollar tax cuts to the top 1%. Politics is important as you need the right people in charge who will make the necessary changes.
@@stevescourou8006 And who are these right people? Democrats who are hijacking protests?
@@zoranpantic7419 Bernie Sanders would've closed the loopholes and raised taxes on the 1%. Media owned by the 1% labels him a socialist, boomers get scared because socialist propaganda, boomers vote against Sanders, The End. We're here mostly because of propaganda, bad education, and boomers had lead in their water growing up. They're historically easy to manipulate, and they've been manipulated their entire voting lives. Trump is just the final product of boomer politics, which has nothing to do with policy and everything to do with feels/'beating' the other side of the aisle. Like some sort of tribal sports game.
@@ajgajg5026 left and right are the wings of the same bird. Do not get fooled by their "programs", they do not bring anything to the table.
He rolled his eyes right as she spoke. He wasn’t looking for a educated response. He was flexing
Amgry CFO doesn’t WANNA use some of his vast wealth to reinvest in his country! He NEEDS it for his private yacht!
He knows such proposals would affect him negatively personally. He is all in favor of philanthropy or other charities when he can directly call ALL the shots; decide to the cent how much (if anything) to give, what the programs are, who gets hired, etc.
But when taxes are involved... then he loses control, thus gets upset.
2:51 for those curious
Julia Waters so you’re saying if someone spends majority of all their youth in school learning how to be good at their craft works crazy hours every single day & trades in sleep just to succeed, sacrifices their family or doesn’t even bother starting one, that they don’t deserve to buy whatever they want with what they worked for? Because as much as you people expect handouts just for existing some people are working 100 times harder than you could ever imagine yet you expect someone who moves boxes for a living to get the same reward as the person I described above. There are 7+ bn people on the planet & that means heavy competition whether you like it or not, majority won’t succeed not because they can’t but because they’re busy waiting for their handout instead of facing reality. You people are living in fairy tales if you think billionaires are ever going to cater to you, the corrupt ones will always find a way to game w/e tax panacea you think will get you free money. The white guy is right it’s not realistic at all, a topic like money is deadly serious & personal to every single human being & you have no idea the lengths people are willing to go to protect their money. Getting money has never been easy nor will it ever be, but y’know keep dreaming.
@@judigemini178 Heard it before, it was wrong then and it's wrong now. The difference is, "then" was pre-internet and at least people had an excuse not to know better. What's yours?
that last phrase gave me chills, *"you're not counting the dignity of people, you're counting exploited people"*
That's what happens when they just look at numbers on a spreadsheet.
Giving someone a job opportunity so that they can sell their energy for money which they can use to improve their standard of living is NOT exploitation.
@@vaibhav2k13 nice. Tell that to the families of the victims of linen factory workers in Bangladesh. Tell them that their lives had significantly improved by giving those victims a chance to paid work at the expense of their own lives.
@@unrealladynoshoes3554 While they were working there yes their lives were better of. Work related deaths can happen in high paying professions too, for example the Chapecoense football club players died when their plane crashed. But their lives were indeed better of when they were playing for the club compared to if they were unemployed. Also when looking at scenarios it illogical to take one extreme example and apply that to whole thing. On the whole there is no arguing that people working low paying jobs have their lives improved because of that job. But I know you don't care for logic and all that I said will just go over your head.
@@vaibhav2k13 Really? Have you checked the victim's family what happened after they were dead. You're comparing people who earned millions per play that would guaranteed their children and their children's children will be well off after they died vs. minimum wage workers who lived less than 2 bucks a day that wouldn't be enough to feed his family let alone ensuring the future. What do you mean by extreme? The fact is the economic imbalance between the poor and the rich is so extreme, we cannot help but compare to those two together. What is illogical is when a person is comparing two apples together and called it even. That's what you do when you are trying to generalize a situation and pick up a group of well paid, certainly well insured football players and try to picture them together with those guys who struggled to make ends met and put on a false assumption that all is equal. Those linen factory workers were put in a situation easily avoidable. They were working in an illegal factory where building were not safe. Those football players died not because they were forced to play in an open field on a heavy storm which they got struck by lightning. They died by unfortunate situation. The Bangladeshis were not. The worst part was, the factory owner got away with it by declaring bankruptcy which is currently a common getaway method of keeping your money and not having to pay the poor for your unscrupulous deeds.
“Stop talking about philanthropy, start talking about taxes” this is exactly why I don’t believe in charities. We invented government to care for the people, and government has failed because of the corrupting influence of money, so we create other organizations to put even more money into this already broken system
Seeing this in 2020 after corona lockdown to me really makes sense
Is it really any wonder that those loudest about opening back up are the same ones most invested in global stocks?
McConnel needs to get outof the House
@@odinpaxton2408 He is, he's in the Senate now.
Now taking him out of politics, not just Congress, us imperative. He should have the same sway as a single voter. Not a whole nation.
exactly, all these JOBS disappeared like dust on the wind, because they were in the first place just a fairy dust that were created to prop up the economy numbers and for Trump to claim the lowers unemployment rate.
I agree so much. The lack of empathy and self-congratulation of the wealthy are appalling, it was bad before corona, and it is worse now because corona was used to shift even more public wealth to the private hands of the rich via PPP. They stole small business loans from small businesses. And this administration is refusing to show where the small business loans from PPP went, as small businesses are denied loans because as usual the fat cats swooped in and plundered all the money already. Disgraceful shameless greed.
"Stop talking about philanthropy, start talking about taxes" This makes sense. . .philanthropy won't solve the root of the issues.
there are no solutions, only trade offs
@@christianstefano1816 But who would the 'trade off' affect least?
Ian Carolan great question and the only real answer you can have is in empirical data since there is no way anyone can foresee every single consequence to an action. For instance, do affordable housing programs actually make houses more affordable? the only way to really know is to study the results.
Big Philanthropy is actually pretty bad, because that's a pay to win way to influence politics and distract from scandals, billionaires run the country with oittle to no accountability,
Bill Gates was asked if he wanted to become president and he said that he had more influence with philanthropy, that's scary, because he's right,
There's a Patriot Act episode on this that's worth watching
@@l.c.8475 Lmao I swear I've typed this exact comment to someone before. That Bill Gates thing still haunts me - billionaires have more political influence than actual world leaders
"Charity massages the guilt of the rich," Chinua Achebe
It's not even guilt. It exploitation in a covert way.
Charity is mosrly to avoid more taxes. And corporations routinely do fundraisers for charity, so WE can pay the charity and THEY get lower taxes
@@RollerDerbyHigh Creepy ! Greed is great, eh ? LOL : )
THE RICH DO NOT FEEL GUILTY. THEY ARE VERY PROUD OF WHAT THEY HAVE ACCOMPLISHED. WHAT HAVE YOU ACCOMPLISHED?
“My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.” - Warren Buffet
"Warren Buffett doesn’t think the rich in America are paying enough in taxes. “The wealthy are definitely undertaxed relative to the general population,” he told CNBC’s Becky Quick during an interview on “Squawk Box” on Monday."
Finally it's being said. This is how you make America great. Get everyone participating again!
MY LIFE IS A MEME MY LIFE IS PATHETIC Agreed, the middle and working classes need to pay taxes to the federal government again.
Al Smith the rich too. Especially the rich and workers need to be able to organize for better wages. And CEO pay should be linked to performance
Mahalia M Wright The rich already pay taxes to the federal government, according to research by the Congressional Budget Office the effective federal tax rate on the top 1% is roughly the same now as it was in 1979, while the rates on the middle and working classes have fallen sharply.
@@alsmith5147 not sure where you live, but as per my understanding all normal and regular people are paying federal taxes, while big corporations and people with high income are usually able to avoid it. Tax breaks to big corporations or persons with high income should not be given, unless they create jobs of quality and pay decent wages. Now tax breaks reached companies like GM that close down factories and fire thousands of workers. So, why give them millions in tax breaks on both, federal AND state taxes. So, not sure if you don't pay taxes, but the average American pays taxes, or he/she will be locked up. Also agreed with the other comment, it is difficult to see how managers and CEOs get extremely high wages, which may be OK, but if the company doesn't go well thosuands of workers loose their jobs... The actually responsible persons, managers and ceo's, you may even add main shareholders to that,... They are not being held responsible. Contrary, often they get payraise for firing people because they safe their company money, or if they are fired for doing a bad job they often get millions as compensation for being fired... Even though they did a utterly bad job. Let's start with big corporations and big wealth owners paying their part. Assuring that everyone pays their taxes (in case applicable) before sending higher amounts of money to any other country... The "little man" pays billions in taxes, but of course, they hold not even half the wealth of those that mainly avoid paying the big part of their taxes.
How about using your brain a little more? Or did you think your initial all caps words make you sound clever? 🤣
Martin Schuster The all caps is the name of the OP, whom I was responding to, yet I am the one who needs to use my brain more?
As much as I love "a Historian" Rutger Bregman, his books and his philosophies, Winnie Byanyima also deserves more credit in the title. She made excellent points as well.
No she didn't, neither did he. What exaclty were their solution "increase the marginal tax to 90%"? All her points were idealistic nonsens.
@@aldean5494 taxes are what the government uses to pay for social support systems such as universal healthcare, social housing, public schools and infrastructure. these are things that increase quality of life, and keep people above the poverty line. if people don't pay taxes, the government won't have the budget for these things.
The problem with people like her is they love to point out problems, but never bring solutions to the table
@@tommyfletcher1357 They literally just did. They said tax the rich. Are you deaf AND blind?
@@avakiin6614 no, she complained about the low quality of jobs. The guy before her talked about taxing the rich, which really isn't a solution, it's a generic term people like her use to get people like you to clap like trained seals. You can completely liquidate a company like Amazon and only get a little less than $2 trillion. Not even enough for another CARES Act. When you start doing the math you realize that "taxing the rich" doesn't magically fix everyone's problems.
I feel like the title should be more about the woman who spoke at the end
Dustin JD That's anti-Semitic. Jews come first.
Don't worry. Everyone watched the whole thing and she was at least half of it. I agree she should've been in the title, but sadly that won't sell to the masses and that is who needs to hear it. It sucks, I agree but it is what it is at the moment.
Jason Ludwig that dude is Dutch
This is just an example of ‘white supremacy’. She contributed to the conversation more, but they didn’t even include her with him on the thumbnail. Or even credit her in any way on the title. This shows that POC are more likely to be sidelined, even if they contribute more, but if there’s a white male who didn’t add as much to the conversation they’ll place him on top.
@@god5620 die gast is Rutger Bregman!
I love this woman and she is absolutely right!!!!
2:43 Taxes are literally the most straightforward way to solve inequality. Give everyone right to a education and healthcare and a vast majority of issues with inequality is solved. how do you pay for these program? Taxes...
education and healthcare and house
Lol
Universal income & Taxes
@ililililili9726 you can't expect everything to be paid for you. You have to work for things too.
@@elaineteut1249that’s not what’s being proposed. What is needed are investments in the services and infrastructure that will enable ALL of us to live better lives.
This was actually an intelligent and productive conversation. Can I elect these individuals into office?
Shhhh! You want to get them Arkencided?
No
No we can't.
"What can we really do to solve inequality beyond taxes?"
This man does not care about solving the problem. He cares about solving HIS problem, which is that everyone is telling him that he is the problem.
Thanks Ken Goldman, CFO of yahoo, for representing everything that's wrong with the 1%.
' ex ' CFO......
Labor theory is an Antiquated theory. So many obvious exceptions like perfumes fundamentally break this theory like an egg. Please tell me the other 'very good arguments'.
Indeed. He understands that he doesn’t have any responsibility over other people, while the others where like ”it's up to you to make the world more comfortable for me”.
Please explain how perfumes break the labor theory! If you can recall after two years that is 😂@@holysword876
The problem with Taxes is people in the government mismanage them so severely.
Also, they spend a big part of it on the military, which also abuses the money so very severely, too. $880 billion budget. Almost a freaking trillion a year just for the military. Why? Are we being invaded by aliens?
@@MyReviews_karkan couldn’t have said it any better! 👏🏻
Davos: a bunch of wolves talking about destiny of sheep.
Wow
So much hate for these scumbags
Very well put
the thing is, historically, and potentially, when there are threats to our lives, we are capable of being hunters, and very strong leaders and protectors of what's right .. but they condition that out of society
I love how the black lady honoured his wishes to not talk about taxes anymore but still managed to nail him.
How so?
Maybe watch the vid
@@aldean5494 he was trying to prove a point of thing that are “more important” to talk about then taxes, he had said unemployment is low. so she changed the topic and said that while unemployment is low the jobs are not dignified.
Yeah, she nailed him.
@@aldean5494 you asked a question and you got a couple of answers. How about acknowledging the people who took time to educate you.
Ken Goldman: We have low unemployment, so there's no problem with the tax structure.
Actual people: tf? Wages have stagnated for 40 years while the top 10% has sucked up 90% of the wealth. How is this not a tax problem?
Davos needs more normal people and fewer plutocrats.
They got wealth because stock and dividend,stock market is rising faster than wages...so stop being cry baby.
@@poparrow9416 I'm not crying, I'm pointing out that Ken Goldman doesn't understand what the problem is.
"They made their money on the market" = corporations paid profits to investors, not paychecks to employees. I'll let you figure out the correlation.
Josh Wilson that's why need to invest ourselves,if u invest in stock market..you'll get additional money and value,if u invest in stock market,you'll get the money even if you're jobless or retired.if you dont invest...you'll get to work forever till you die.
Davos just needs to end. Its very existence is basically an acknowledgement and affirmation that oligarchs run this world.
It's at least as much a globalisation problem. The one group of people in the entire world that has stagnated in the past few decades is the western working class. This is not really because of taxes so much as it is because their jobs have all been shipped overseas. For ordinary people in poor countries, the past few decades have been a bonanza of growth.
Who was it who said that international capitalists will sell the executioner the rope to hang themselves.
"This is a one-sided panel"
The truth doesnt have sides. Only unclean souls with ulterior motives bring sides when discussing the truth.
You should add that woman’s name into the title of this video
Winnie byanyima
“We’re talking about jobs, but the quality of those jobs”
“That’s not a dignified job”
like not being able to go to pee...sounds a bit like enslavement ⛓
@@rhondabailey9238 A bit? ... Having to work multiple full time jobs, just to make ends meet isn't employment. It's wage slavery.
Becuase the vast majority are not qualified to do difficult jobs.
@@adohmnail6445 And why? Rarely because they wouldn't have the brain capacity. Truth is that many people don't know what real poverty is. And I don't mean "we can't afford a house, car or holidays"-kind-of-poor.
I mean "we have to live off the same cheap, unhealthy meals everyday with kids that rarely see their parents who are trying to make ends meet with multiple jobs while hoping nothing unforseen happens because we can barely save a handful of dollars every month and are not given loans".
It's easy to come from a position of privilege and think that you worked for everything you have, completely forgetting how you had the ressources available to educate yourself, a stable family, financial freedom and many more things that supported your education and growth into a valuable member of society.
People think this kind of poverty only exists in Africa and Asia, but it's present in every country. You just have to know where to look.
A Dohmnail The vast majority of difficult jobs are done by people with a HS level diploma at most, that’s because the real difficult jobs are the ones that people with higher education think are beneath them.
Love that woman. She hit the nail on the head.
And for all those people who keep saying the government is the problem:
The system was broken the moment the government got so weak that employers where able to smash workers' unions and their right to fight for their rights. Treating employees like things and not human beings, bringing in modern day slavery.
It wasn’t the government, it was the trade deals that broke the power of labor. Mark Blyth has a series of lectures discussing this and how it brought about Trump, Brexit and neoliberalism
@Ann Linley I don't have the right to join a union at my current job, and neither do lots of other people. That's a big deal. I mean yea, I get an hour for lunch which is nice and all, but I'd give that up for collective bargaining power any day of the week.
@@karleyriser8853 If you had collective bargaining power you wouldn't have to give anything up
@@mitjellk2186 very true
Brilliant argument by both speakers on the panel.
I'm watching this 5 years later, and nothing has changed. What a suprise.....
You are not counting the dignity of people , the kind of jobs matter
She’s brilliant
Having a job is more dignified than having no job imo
@@Atty97 Doesn't justify an undignified job though. This is why unions are important
@@fairy5668 sorry dude. The age of dignified jobs are ending with automation and AI.
@@Atty97 So you agree? The only way capitalism can move forward is by destroying people even more and alienating them further?
@@Atty97 so its okay for people to be treated like animals?
Well she read him for filth!
She was no here for his foolishness today
She draaaaaaaaaag the fool.
That yahoo guy is exactly what is going wrong in the (American) society.
@@alexhurter5271 Not just American. It's global.
Europe has multiple tax havens, even within the EU-27 (Ireland, the Netherlands, Luxembourg, Malta, Liechtenstein).
@@Ehrgeiz33 update your facts Ergh-man, it's 2019 now not 2015. Irish Taoiseach Leo Varadkar was also at Davos, he answered to the importance of closing tax loop holes. He was speaking with the Polish PM, the Dutch PM, and the EU Trade Comissioner.
"... we’ve never taken more money in from corporation tax in the last year than ever in our history and part of the reason, the cause for that, is that we’ve closed down things like the double Irish. We no longer tolerate stateless corporations, we’re forever closing loopholes that exist in our tax system."
“I’ve a very simple view on this, I think big companies should pay their taxes, they should pay what they owe, pay them in full and they should pay them where they are owed. And the best way we can respond to the changes in the world economy is to agree these things at an international level through the OECD.”
He's a billionaire too - Ken Goldman former CFO of Yahoo.
CEO: “Taxes taxes! What can we really do to solve inequality over time beyond taxes?”
**wheels out guillotine**
Lol
Hahaha
Their response: oh we will pay those taxes then
Thanks.
Cake lovers in the room started shaking
Worked for the french! Maybe it'll work for us too! lol
It is wonderful that someone would believe enough to even try confronting greed.
Everyone can confront greed by asking less. My uncle, when he was told the low wage he will be earning even said, no I want less, and give me this amount you offer me after year or so when you see if I was worth it. That is called “fighting greed”. He was offered less then 1000usd a month and worked for 800usd a month instead. They never gave him the amount they offered to him initially, so after two years he changed job.
I love what Rutger Bregman and Winnie Byanyima said! Of course they are both 100% correct. We have all been brainwashed into accepting that measures like unemployment rate and GDP actually mean something, but those indicators don't matter at all to working class people. We need to be using measures like wage growth, savings rate, debt ratio, etc, as they indicated the health of the REAL economy. These indicators say a lot about how actual people are doing, but the wealthy power brokers don't really want us to know how bad things are for the average worker.
We've also been duped into believing that billionaires are these godlike figures who got rich because they worked hard and are so intelligent and this is true in a few cases, but the truth concerning the vast majority of them is quite different. Most billionaires either inherited wealth or were so extremely lucky and privileged in life, that they had every opportunity laid out before them. They mostly use philanthropy as a means of keeping the pitchforks at bay while they rob the world blind. Anyone who is fortunate enough to "earn" over $10 million per year should be paying a much higher effective tax rate than someone earning a middle class wage, but that is not the case in the USA. Most workers pay a larger percentage of their income in taxes than any multimillionaire or billionaire. For decades, American voters have allowed the wealthy to buy our politicians and dictate tax policies that benefit them, at the expense of everyone and everything else. This must end. Only support uncorrupted progressive candidates!
another benefit of higher taxes: billionaires will have less money to buy governments.
I calculated that if you had a mere 1.5 million kicking back dividends at around 4-5% you'd get about $70,000 a year which means if you didn't live extravagantly you'd never have to work a job again. Congrats, that's winning. So they would be perfectly fine up to 10 million before worring about a high marginal tax rate above that.
I agree!
Also, the more an indicator matters the more it is manipulated and untrustworthy.
He’s wrong. The effectiveness of taxation is directly correlated to the integrity of the government. If the government is corrupt there will be no improvement to society
Secondly, his comparison to the 1950’s is completely disingenuous. In the 50’s the power of labour was much stronger , movement of capital was much harder and there were few trade deals. Now capital can move at least he blink of an eye and trade deals have destroyed the power of labour. Higher taxes won’t address any of these issues and will likely make it worse.
"This is my first time at Davos [...]" Well, mate, seems like it will be the last time ever, I guess. Too many questions and not the right ones for the rich...
“hey you can’t tell the plebs the truth!”
“Just a medical bill away from poverty.” As a chronically ill person, this makes me feel sick. And there’s no going to doctors for this sickness, not when their systems are it’s source.
I hear you!
Tbf, rich people getting taxed doesn’t solve the issues we face. Especially given that if they were taxed appropriately, it just goes back into a corrupt and greedy government anyways, who would mismanage those taxes or even give it back to the rich, given that those rich people are responsible for politicians being in power in the first place.
Discussion: “Tax the 10% more fairly to progress!”
The 10%: “let’s talk about other ways we can progress other than taxes.”
🤣🤣🤣
Or let's talk about other things other people can do or that wouldn't mean us actually doing our fair share.
This is the point 0.01% we’re the 10%
Little do people know that the top 10% pays 75% of the taxes
@@cabeleramaster what % do the top 1% pay, by that logic they should pay 75% of that 75%
In places like Mexico the 10% includes upper and lower middle class. My salary as a software engineer puts me in the top 1% in regards to income (in mexico). But my house is built on a 70 squared meters piece of land, I own a mini truck from 2017. Don't get me wrong I know I'm lucky AF. But percentages don't paint a clear picture. We must speak about hard dollar figures because percentages paint a fuzzy picture
Byanyima has such a magnetic personality. I could seriously listen to her talk for hours. We need more people like her in places of leadership.
What an awesome name she has too. Lovely to see a intelligent lady completely destroy a CEOs argument.
They'll probably cap her off if she gets too big
i like what the lady had to say. i have a lot of family and friends who pay 30%-40% of their incomes on taxes. they make between $100k-$500k. but when i look at millionaires and beyond, they pay less than 20% of their incomes on taxes. and multibillionaires pay less than 10% of their earnings in taxes.
I pay 30% on 60k.
You are almost certainly missing property taxes in rental property, sales tax, social security tax (at least half) and the many fixed taxes which are very regressive.
The ssi, state and local taxes for middle income and lower is about 27.
For the top 2%, it is roughly 1%.
We do need a, wealth tax, estate tax, to disallow trusts, and to stop resetting the basis for investments on death.
@@northofyou33 you don't. A portion of your salary is at 30% with the remainder being taxed at lower rates. You summation of your personal tax contribution is an example of why so few people understand their taxes.
@@northofyou33 liar
@@cardster7980 Yeah and as a millionaire you benefit more from taxes than a poor person. There is a high likelihood that your employees are on social assistance unless every level of your business require high skill high cost labor. Few businesses exist that do so in all honesty. As such yeah. You should pay more in taxes since you are not running your enterprise in a socially responsible fashion and paying your employees a wage that would reasonably reduce their likelihood of receiving social assistance.
Well said, sir and lady!!
You know you bout to get read like a book, when a black auntie says "let me tell you about something..." lol
Hahah so true!
True dat!
Thats right!!! I sat up quick! I knew she was about to hand him his face on a platter!
Please don't be racist
@@lolitis01 this is 7 months old
This video should be titled “How an Executive Director, Winnie Byanyima Nailed Billionares for their Greed at Davos
*Davos
YES BECAUSE THAT IS THE MOST IMPORTANT THING WE CAN GATHER FROM THIS VIDEO!
You are the definition of a person, who claims to be anti-racism yet makes EVERYTHING about race!
Please, enlighten me: What is it that you want to accomplish with your outrage?
Winnie Byanyima: "You are counting exploited people!"
Me: Audibly whispers "F*** yeah" to self in an empty room.
Ikr, sir sit back down what you have said is ridiculous.
there is a reason they are exploited, they are usually people people with no education and that's the only jobs they can afford it, but socialist prefers those people to be jobless apparently
@@machinegun2282 Actually, it's because corporations have a growing monopsony on employment, the same way private insurers have a monopoly on healthcare in the US, and are able to get away with drastically overcharging as a consequence. We don't want people unemployed for our disapproval of underpayment anymore than we want people uninsured for our disapproval of overcharging. We could regulate wages, we could do UBI, we could do guarantees for basic necessities like food, housing and medicine by taxing the insane profits of these corporations, we could democratize them so workers have a say in their conditions; there are countless ways to ameliorate conditions. Anti-capitalists simply do not agree that a system where decisions are exclusively motivated by profit will result in the best conditions. You're telling me that it's either diapers, or unemployment for these people? We can't regulate this industry to make the work more dignified without running them out of business? Why not bring back slavery while we're at it to drive unemployment down to zero? Many a business would suddenly be able to afford to operate if they only had to feed & shelter workers in closets, you know...
@@DeFaulty101 there are jobs that deserve better treatment to their employees, that's for sure. Nobody deserve to work in diapers
It’s 2024 & we are still not talking about taxes…
Look at the comments here, 90% go with the diversion 🎉
These are the people we need who talks about real issues.
Hey Corporate CEO Dude, Winnie just called and left a message "SHE TOTALLY OWNED YOU!!!!"
Heh what number do I gotta call??
isn't this whole discussion about owning less? lmao
“The quality of the jobs matter” THANK YOU for saying that. There may be a lot of jobs, but they are jobs that do not pay livable wages.
there is a reason they are exploited, they are usually people people with no education and that's the only jobs they can afford it, but socialist prefers those people to be jobless apparently. If you want a better job you need a better qualification
You want an illiterate operating on you?
Rich people need to pay more in taxes. This is the point.
@@themarbleking why
@@themarbleking you plant 10 yams
I plant 100
Why should I pay more tax cos you're lazy
A five dollar question, and $1 million answer
What mainstram media avoid to broadcast.
Good job NowThis News!
Real M
Mainstream media is on your side, I'm sure lots of media outlets would love to air this, but it would ruin their non-partisan facade. The left inhabits significantly more news companies than the right. This is fairly obvious if you read or watch the news from a non bias perspective. Which is difficult for most people.
@@kal-el5535 it was on CNN and CBS
Brandon
Ok so you're only proving my point...
Why would you even want to prove my point?
@@kal-el5535 I don't know what country you're from- but the left does not inhabit more news companies than the right in the US or the UK.
Monty MF
Most self aware left leaning people who pay attention to headlines can tell you it usually involves going after, or admonishing the right. Go to Cnn, MSNBC, the Washington post, the New York Times, the LA Times.
Or when it comes to entertainment, Jimmy Kimmel, Trevor Noah, and a massive slew of others.
Please don't be like the religious and feed yourself whatever BS it is you already want to hear just so you can stand against it all.
AMEN. AMEN. AMEN. Treat workers with dignity. They don't want "charity", they want to be paid a decent wage and opportunity for their children.
"The desire to rule for selfish gratification has been the curse of the world."
-W. Wattles
The ability for rich people to act like they're oppressed has got to be the most infuriating thing.
Wow. We need more women like her. Smart, truthful and full of compassion.
Winnie Byanyima, Thank You!
"We have the lowest levels of unemployment in history" well now we have one of the highest
bc people don't open their eyes that not the virus is locking down everything, its the politicans that introduced the world into a second ww2 end state.
@@gamingsportz3390 Its not about people opening their eyes. Its about voting in the right people. Technically people can't do jack unless it is in an extremely over whelming majority. Even then, a president can suppress the people thru military force by their own selfish choice. *Cough cough Trump trying to cause a mutiny*
@@flameshoter6 He didn't tried to provoke a mutiny you doughnut, if he really had that intention right now he would be condemned by more than just "provoking a riot" in the Capitol. Only retards believe that the House and the Senate would stop all procedures to recognize the new president just because people invaded A building.
@@yibithehispanic The thing is, if you get enough "doughnuts" you can basically do anything.
@@flameshoter6 Yeah like destroying, pillaging and burning everything down just like some certain people who are characterized for wearing only black does
*You are not counting dignity of people, you are counting exploited people*
Savage
@Barry William Teske says who? Barry William Teske the nittwitt?
But true
Civilized.
@Barry William Teske Sheep.
But on point! This lady just put thr CFO of Yahoo in his place. He just got schooled!
Goldman asks how you can solve inequality without talking about taxes. That's like asking how you can solve climate change without talking about CO2 or how you can cure an infection without talking about antibiotics...
I understand this is a whole paradigm change for him and how he must realize that if this is true he must change his whole outlook on life, so that's why he resists it.
But the idea you can talk about inequality without talking about taxes is prima facie ridiculous.
@FAT cat To be fair? No. stop it. That's not the point. You can talk about Global warming with ch4 but CO2 is equally if not more, important.
Taxes are important for inequality. You are missing the point of this comment.
@@aphrolith7676 Methane is actually a bigger problem than the CO2. His point was that there are more than one way to fix the problem. You realize by increasing taxes you will just cause business flight. When all the big businesses move to a friendly country the old country will collapse.
@@MrJaaaaake This is just fundamentally wrong. Even though a few companies can leave and will, a lot can't and if you have a proper tax code that does not allow profits from your country to be taken out of the country without paying taxes you wouldn't have this problem anyways.
@@dutchymcdutch2553By not allowing profits to be taken out of country the government would be truly totalitarian. That would mean ever private institution is actually public property run by individuals. It would also make it hypocritical when the government sends hundreds of millions in foreign aid. The government must bend to the people, not the other way around. You really do embody the money grubbing Dutchman stereotype .
@@MrJaaaaake Are you stupid? Of course they can take the money out of the country, it just needs to be taxed where the money is made.
Just look at how uncomfortable all the cockroaches look when he speaks truth.
FY
He was a little childish and emotional. No need for that language, either. Also, increasing taxes wouldn't help. When tax was 91 percent in the USA as he mentions, most jobs weren't digital jobs. Now companies can hire outside of countries within minutes. If wealthy Americans are taxed 70 percent, they will move. Simple. I know if I was taxed 70 Percent here in the UK I would seriously consider moving.
@@jacoblucasgifts then the country needs to grow a pair and tax the company who hires foreign workers a huge punitive measure, and to selfish ppl like you ban them from the country, its been too long this excuse of companies exploiting borders to escape paying proper taxes
@@nonono9194 Doesn't works. Look at France. They are working to abolish a law which states that you have to pay an exit tax when taking your money out of the country. People and businesses simply left, and they now have to change it. America is America because you can make it here.
"Look at us. We're the world's most powerful nation. What? No, we don't have the might to tax our rich. What? Why not? Because they wouldn't like it and they'd leave. :'("
This is one of my favorite videos
When Winnie begins with "Let me tell you something" means you just got owned noob.
Lololol! That’s when you knew it was coming!
OMG, WAS THAT JANE GOODALL?!?!
that event was blessed.
Can anyone guess who Ken Goldman voted for on the last election? 😊 - his reasoning almost came straight out of someone’s playbook
Trump?
James Martin Trump, he implemented a 5% marginal penalty on tax avoidance
“avoidance” is the optimum word, but if you can avail yourself to the tax loophole - legally you can pay 0% rate just like Google & GE
it's very obvious that he is a MAGA kind of person because of his reasoning.
kei, that would be like saying - letting a bus driver pilot a plane & wondered why it crashed or a street magician do your dental work & wondered why your teeth wasn’t done right - probably on an alternate universe they will do just fine
Please make this viral
If they ever make a movie about this dude, he’s gonna be played by Ralph Fiennes, no question.
This is exactly it. No one needs to be a billionaire. How do these people justify amassing these fortunes while billions of people live lives of desperation?
I just don't understand the concept myself why do you need a 117 billion dollar in the bank. What's the use it's not coming with you when you die.
Because they can. If they can be a billionaire through their hard work then why not?
@@Thomas-Bradley but it's not through their hard work, it is through their workers' hard work. People like Jeff Bezos pay their workers so little that they qualify for food stamps and govt aid while he keeps 97% of the profits and the 100,000 people working for him only get 3% of the profits combined. That's just wrong. You can't comprehend how much money he has, about $140 billion. If he were to go back to 1919 and burn $100,000 every single day for 100 years until today (36,500 days), he would still have about $136 billion. That's just disgusting. Nobody needs or deserves that kind of money and he certainly didn't do enough "hard work" to warrant him making more money than every single person in his entire organization combined. How can you possibly think that's right or fair? He could literally burn $1,000 every day for 2,000 years and that would only equal about $750 million, leaving him with $139.2 billion still after 2,000 years of burning $1,000 every day. You can't justify that. How come people who actually save people's lives like EMTs and doctors only make about $50,000/$200,000 yet a guy who runs a website deserves to make more than that in 1 single day? Let them keep $1 billion, that's enough for anyone to live the most extravagant life they could imagine and they could still make more money by investing and putting some in CDs so they'll never run out of money. Nobody deserves to have more wealth than 10% of the entire world and you're a blind fool if you think they do.
@@jamesw657 well, good luck mate. I am not even American anyway so why do I care? I don't even use Amazon in my country. It is through HIS hard and intelligence that he can be that wealthy. Not just every lazy bum can accumulate such a huge amount of money. I agree that he should be paying more taxes to the goevernment and to pay proper wages to his many employees. You are just frickin' jealous that you are not as rich as he is. If anything, he is an inspiration that if you work hard and smart you can uplift your financial condition.
When people are going hungry u should not eat even a gram extra than ur body needs to survive?That's ur arguement ?
They should've mic drop towards the end...Thug life status
Then people won't take their opinions seriously
pfft drop the mic, well we all aren't americans and could not care less about your countries cultural idioms.
Abdul Akram alright take it easy champ.
Really ballsy of the super rich former CEO to get up and talk about how great everyone has it and can we please talk about something other than taxes.. I'd love to see him do an actual job for an actual wage these days and then talk about how good things are
regarding the US boasting about its low unemployment rates: “You’re not counting the dignity of people, you’re counting exploited people.” YES MA’AM!!!
well we also drop people from the count if they're unemployed too long.. makes a lot of sense..
You prefer people remain unemployed?
@@mikolowiskamikolowiska4993 You prefer to have the comprehension level of a third grader? Watch the video again and maybe a couple more times just for good measure so you don’t ask a dumb question like that in public again.
@@AnGie9988 I'll take that as a yes
I'm saddened that this video at the moment has only 5k views.
When it should be viewed by every person on planet Earth.
Up to 95k. Share it!
Then discarded.
Hey! Ken Goldman! Let's Talk about Taxes.
Hey, Donald Trump...
Punish corporate growth by taxation. Corporates will cease to exist since the drive will be taken away. So then there needs to be some way to build economy some other way. People do what makes them happy not what makes others happy.
"God anything but taxes, I'll make a slightly less ridiculous amount of money"
"we're not talking about the employment rate, we're talking about the quality of jobs"
BOOM
Exactly! Earning a wage that can cover the basics of life - food, shelter, clothing, transport, medical costs - is becoming rarer and rarer as each year goes by.
The true inflation rate is far higher than the manipulated, false one, the governments spit out each year.
@Dylan Manson Less profit for the rich, more money (and benefits) for the working class. Easily solved. Without a centralized economy, but laws.
@Dylan Manson Using tough guy rethoric isn't really reinforcing your point.
But yes, the government should ensure that the top percentiles ain't just hoarding their unfailry earned wealth, while they trample on their workers rights. That's what it's for, isn't it? The government should represent it's people and by that decree, protect them from exploitation. Every full time job should pay enough for rent, food, medical bills and a little bit of fun, ain't it? Because right now they don't.
Of the people, by the people, for the rich doesn't really have the same ring.
That the market doesn't regulate itself is already proven.
@Dylan Manson "It is unfair that you are even alive."
That is your answer to the economical problems of the people of our time - and your critics? God bless you.
You do realize that people like Zuckerberg and Musk, even with just 10% of their wealth would still live in unfathomable luxury? They can have their place at the top. But just imagine how much change could happen, would that money flow back to the people and the workers that in the first place build up their bosses corporations. But you don't sound like someone that really cares about others, to be honest.
I still wish you the best.
And an awakening, sooner or later.
@@kohlrabe1709 Winnie Byanyima makes more than £112000-a-year. GDP per capita in Uganda (where she is from) is about 1000 USD pr. year. Oxfams HQ is in Kenya where GDP per capita is about 1800 USD. Furthermore, Oxfam obtained secret tax breaks from Kenya to smooth its path to Nairobi.
**shifts the definition for poverty**
"Oh look how little poverty we have in the world! It's all thanks to capitalism and rich people!"
This video should have more views
"Exploited people" when talking about many workers. Nailed it.
there is a reason they are exploited, they are usually people people with no education and that's the only jobs they can afford it, but socialist prefers those people to be jobless apparently
@@machinegun2282 What.
It's about time I see some people with real insight. These so called low unemployment rates are how the rich justify taking all the pie to the dumb.
They have lots of ways of whitewashing their image and retaining every cent possible, another is by donating much less than they’d have to pay with fair taxes.
This is so on point. I always felt an air of complete complacency when watching billionaires TED-talk at people about how to fix poverty.
Winnie Byanyima. I have to remember that name. Such a wise person!