Individualism for everybody is what I fantasize about. For every mega billionaire there are several red and blue stooges helping them rewrite the rules in their favor in disregard of true competition
@@donmarek7001 : I support reforming the tax code to make it more fair and less accommodating to the corporations and the super wealthy - as those two special interest groups had a big hand in having the tax code rewritten to serve their own greed. Ron Paul and Rand Paul are myopic libertarians who lack any pragmatic problem solving skills and are uninterested in consensus building on sound policy. Too bad Kentucky consigns itself to such dead weight senators....
What conservatives tell us tax cuts will do: "Oh boy, I have more money! Now I can pay my employees better and invest in better facilities and hire more people and-" What tax cuts actually do: "Oh boy, I have more money!"
actually what tax cuts do is CAUSE INFLATION. What do they do with that extra money? Buy assets, which raises rents, and stocks which raises prices (CEOs raise prices to raise the earnings to even out the Price/Earnings ratio).
You’ve never ran a business. If an employee generates 20k in profits annually and I have an extra 100k annually. I’d hire more people and make more money. Based on your math that the rich are greedy. Try talking to someone that has actually lived what you’re spouting.
It's even worse than that: as he pointed out, your CEO will say "if I keep money as profit, then we keep 80% of it. If I spend it on employees, like half of that will go to the government in taxes, more than if I keep it. I don't like money going to the government. Actually, let's fire people so the government gets even less."
@@letsRegulateSociopathsummm No!! Printing money out of thin air is how inflation is created. This isn’t even debatable anymore. Or at least not by anyone that understands economics.
I remember my older brother holding his young toddler daughter. As she peed on his US ARMY fatigues, he gallantly mused, "That must be Reagan's Trickle Down Policy". The joke went completely over my head.
@@lindastewart9589 Fact is, his 15% corporate tax took more in taxes than the 45% tax did because of all the loopholes. Somehow, the other party's 18% tax rate increased corporate profits by $2 trillion. Figure that one out.
@@francismarion6400 that isn't my experience, under Trump I paid more in income taxes against the shittiest collection of contract jobs I have ever had. I even had to cover my own health insurance while working full-time for The Fed.
The issue isn't that corporations aren't being taxed enough, it's that they are able to avoid taxes. You can tax them all you want but unless you remove some tax loop holes, nobody is going to benefit from any policy
I remember my grandma used to rent rooms in her house back in early-mid 90s. She rented the rooms pretty cheaply and renters were able to save enough, that once ready and more stable, they'd leave and find more permanent housing (or bigger home if they ended up having a baby). Sometimes, it was a couple just starting out, a college student, or others who were not able to find something more affordable. She'd treat each one with respect and kindness, and they, in turn, respected her. Some stayed for a long time, and some would return years later, or pop in for random visits to "grandma" as they'd end up seeing her as family.This was a woman who did not rent just for the sole purpose of making money. She rented to provide a roof over fellow humans, maybe going through a rough patch who just needed a hand or a break so they could lift themselves up. I don't know how we've become a society so greedy who only thinks about themselves (or who allow large greedy corporations/businesses to take advantage). I'm not saying everyone who rents should follow this model, but at least for businesses who price gouge, there should definitely be more restrictions so that others can rent at fair price. ❤
I'm from Slovakia and a room is the only thing I could theoretically afford to rent. I make exactly what the median salary is in my country - 1400€/month before taxes, which is 1070€ after tax. A room comes out to 275-350€ with everything included. Studio apartments are 500-600€. If I rented the single room, I'd still never save up for anything in my life...
You have just described why the scum of humanity keeps rising to power: they are enabled by a system that rewards predatory behaviours instead of mindful humanism.
So...since the Trump Campaign is making promises to extend/increase those tax cuts from the Trump years, send this report to every Trumper you know -- at least the ones who seriously think he would be good for the economy.
Reagan literally won his reelection with the largest margin of any president winning 49 out of 50 states... how can you say "people know it was a crock?" Lol
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
@@francismarion6400 What are you talking about?! Wealth trickles up every time you buy anything on Amazon. Every time you pay Disney, Netflix, or Spotify for their subscription 'service.' Wealth trickles up every time you use a credit card, PayPal, Venmo, or even a debit card from a bank. Wealth trickles up every time your boss denies you a raise or moves the goalpost for your bonus. Wealth trickles up every time a lobbyist changes the law in their financial favor. Wealth trickles up every time AI replaces laborers. Wealth trickles up all the time because the people at the top own and control everything. They're monopolizing utility companies, rental properties, and every social service they can get their hands into. Private Equity is destroying businesses left and right. Every dollar that goes to Wall Street was stolen from Main Street. Wealth will always flow to the owners of production.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
This is why I entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
My CFA Melissa Terri Swayne a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
A history of the top marginal tax rates on the wealthiest Americans: 1940: 81% 1950: 84% 1960: 91% 1970: 72% 1980: 70% 1990: 28% 2000: 40% 2010: 35% For 50 years, corporate backed politicians in Congress have slashed taxes to line the pockets of their wealthy donors.
just a natural progression of what happens when you give the government a power it should never have in the first place. who can be surprised when the rich and powerful wield it? but instead of correcting the original mistake we just boldly march on into poverty 😂
@@markfinley3703 it is publicized. This is quoted pretty regularly when the topic comes up in the media. The issue is that american conservatives have been brainwashed into thinking golden shower economics will benefit them. americans live under an ideology that convinces them they'll one day be millionaires, so it's in their best interest to be good and fall in line.
Although taxes were high 1940 to 1980 the rich didn't actually pay those higher taxes because the politicians put in loop holes in the tax laws so these high taxes could be avoided. They do this so average person thinks the rich are getting hit hard with taxes but they really aren't because the politicians put in the loop holes in the laws. So it doesn't matter how much the rich are paying in taxes, it's more important how much you pay in taxes! When the politicians are talking about raising taxes on the rich people they are raising the taxes on everyone but everyone doesn't get loop holes to avoid paying the higher taxes!
@kevinattig6689 A lot of those loopholes had to do with reinvesting in your business, in funding research and development. Things that were good for the country. Now the money just goes into their pockets and serves no one but them.
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Sonya Lee Mitchell for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
"And so the population was gradually led into the demoralizing temptations of arcades, baths and sumptuous banquets. The unsuspecting Britains spoke of such novelties as civilization, when, in fact, they were a feature of their enslavement." -Tacitus 68 BCE
All of these rich people in corporations need to pay our taxes for a while. They want to get by without paying taxes. And then, when people want to make a decent wage, they want to double the price for everything they sell. Because they're too greedy to take a penny less. This country was created with good intentions but it has gone straight to hell with all these assholes in washington and these business men lawyers.
I agree. The way the system is rigged in their favor and against us is the result of the duopoly's economic policies and the corporate capture of government agencies that are supposed to be regulating corporations and protecting tax payers. RFK Jr is the only candidate calling this out and committed to unraveling the corporate capture, leveling the field and rebuilding the American middle class that has been hollowed out for decades by unfair tax policies and more. .
Rich people pay most of the taxes in this country. 200 million people earning 60k a year woundt be able to fund even 10% of our governemnt. Rich people pay more than poorer people. who cares if the tax rate is 20% that is how much most people pay in taxes anyway its all proportional. Secondly those tax dollars arent your money they are the governemnts money and they have a whole IRS armed force to prevent you from gettting .00001 of that money. YOU ARE NOT ENTITLED TO THE PROFITS OF BILLIONARES. the left lie to you buy saying taxes are your money when they arent your money the governemnt owns the money and they use violence to keep it.
What is wrong with letting people keep more of their own money? Allowing people to keep what they earn is what America was founded on. The American revolution was really a tax revolt. People didn't like seeing their money disappear and given to some king across the ocean. Taxation is essentially theft. Taking money by force from one person and giving it to another without getting anything back in return is theft. People revolted against that theft and that is how America was born. Of course over time assholes did ruin it. If people weren't assholes we wouldn't even need a government at all. There is always going to be people who lie, cheat, steal, and murder to get what they want. Then we need a government to protect us from those assholes.
When you put so much energy blaming one side you forget that the leaders on your side is stabbing you in the back also. Both parties are for corporations. Believing otherwise is just silly.
That lesser evil comment is always ignorant. We still choose evil! Saying that just shows how complacent with the pitfalls and the damage this government is doing to the people. It's goes against completely what America was created to fight against. This country and the world as a whole has become so docile and abilging to the evil people of this world. The ones who decide to stand up against it are considered terrorist, anarchist, conspiracy theorist, or the enemy. They've conditioned your thought patterns.
????? How about doing a story about how food shelves and food banks really work? A lot of people, even food shelf workers, mistakenly believe that large corporations kindly donate their products to food shelves (via the big regional food banks like Second Harvest for redistribution to local food shelves) out of the goodness of their hearts. In reality, what happens is that the Farm Bill provides for an "enhanced" fed tax credit equal to cost + 50% of retail value for items "donated" to food banks. This form of tax credit means the corporate food suppliers actually are getting paid (just like the former child tax credits issued checks) amounts that are probably pretty close to what they would get by selling their products to retailers. The bonus for these corporations is that this is a profitable way to unload products that do not sell and that are close to the sell-by date or even significantly beyond the sell-by date. Some corporations even package products specifically to go to food banks which are heavily processed and filled with cheap unhealthy ingredients no one would choose from a grocery store shelf. Because corporations in this country have a mandate to increase shareholder wealth above all else, unless these companies are actually making a profit from "donating" products, they could actually be sued by their own shareholders. That is why they make sure that every "donation" benefits their bottom line and that is why food shelves are full of unhealthy, heavily processed products with inferior ingredients that contribute to chronic health problems like diabetes, obesity and heart disease, and many are also past their sell-by dates. Let's stop pretending these corporate food giants are being nice to the food insecure and expose that they are making money off of the most vulnerable members of our population. As an example take a look at the fabulous new Second Harvest food bank building in Mpls that has Cargill logos all over it. The fact that they control these food banks is obvious and they are controlling them because it is profitable for them. We need accountability from the Farm Bill. Make it work for people and small farms, not food conglomerates and factory farm corporations. Stop the siphoning of tax dollars into unhealthy foods with high profit margins that translate into cheap, unhealthy ingredients that add to the chronic disease epidemic. If the enhanced tax credits are going to continue, at least limit them to products that meet minimum nutrition and safety guidelines.
@@Exilis Each of these videos asks viewers to leave comments on topics they would like to see covered on this channel. If you have a problem with that, take it up with them. This happens to be an issue that affects millions of people and is contributing to the chronic disease epidemic in this country. It is a prime example of corporations manipulating the system for their own profit while pulling the wool over taxpayers's eyes. It needs to be exposed to put a stop to it, just like other topics that viewers request to be covered. The purpose of this channel is to inform viewers, not keep them in the dark.
This was a great informative read. That being said, I won’t hold my breath for political parasites to turn their backs on cargill (or whatever other conglomerates) . I sometimes think and wonder how many laws and regulations are written to favor these big companies. And it’s both sides of the aisle. Corporations and governments that foster them are intertwined immensely.
There are more than 6,000 US companies with more than 1 billion dollars in revenue. In the first quarter of this year, all corporate PROFITS were 2.7 5 trillion dollars and that was lower than the fourth quarter of 2023. Tax revenue received in 2023 was 4.4 Trillion, which half was paid by individuals. Corporations need to be taxed more and pay more to their average employees
@@JLB00333 The top 10% hold 75% of our national wealth. The bottom 50% hold 2.1 percent of it. Why are you carrying water for the 10% who own 75% of the nation's wealth?
@@JLB00333 just the 3 richest americans have more wealth (not income) than the bottom 90%. they should pay even more if they want to exploit americans so much
You had me in the first half, I'm not going to lie, but of course all of our problems stem from Reagan. Edit: I also want to point out that every single article I read or saw about the coming tax cut, at the time, predicted "most companies are going to use it to do stock buybacks or increase dividends."
Yep. It was the GOP, the White House and right wing media pushing the idea that this would be helpful to the middle and lower classes. Everyone else said it was a cut for the rich and corporations, with especially attractive benefits for real estate developers. Unbelievable.
@@HTCM8FLY It's a very placating and ill-defined statement. "Needs" and "wants" exist on a spectrum. Also, people's perceptions of their needs and wants are not identical to their "true needs and wants". That makes one's sense of wealth largely subjective and individualized. Yet perceived fairness of wealth distribution only makes sense if there is a measure of wealth that can be objectively determined.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Rebecca Nassar Dunne for the last five years or so, and her returns have been pretty much amazing.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The common sense perspective should have been when have the rich ever cared about the poor? Reagan was the beginning of the end of the middle class in this country. The vast separation of wealth created was on purpose. Economic inequality breeds crime and we had expansion and privatization of the prison system. Think it's a coincidence?
What is middle class? Does a farmer with a 1 million dollar farm with 16 employee that make 100 000$ per year in profit is in middle class. Does a office worker working at 40 000$ per year is middle class? If he works at 30 000$ he is poor but at 31 000$ he is middle class? The middle class is a myth invented by politician and propagandist to fool you. In the world, there are annuitants and there are workers. The cronies hate workers and love annuitants.
I remember when Regan signed off on his 'Trickle Down Economic Policy', AKA Reganomics. I was around 23 at the time. Wall Street was flooded with champagne. It was supposed to spur economic growth. All it did was create a lot of low paying jobs so we could eke out a living better and hike CEO pay by (collectively) billions.
I was a senior in high school and I remember well how we had never seen 'homeless people' before, just a few tramps and bums, or hobos, over by the railroad tracks. Reagan closed down a lot of state institutions, and suddenly they were all over the streets, so someone had to come up with a better name for them than hobo. But it was unheard of, and now look where we are.
Effective tax planning is crucial for preserving wealth and maximizing financial growth, especially in the complex tax landscape of the United States. Understanding tax laws and optimizing your tax strategy can help you minimize tax liabilities and maximize your financial growth.
Despite the promise of high-quality stocks, many have underperformed the S&P 500 this year. My $200,000 portfolio has experienced a 20% decline. To revitalize my investment strategy and boost returns, I'm considering diversification, rebalancing, or exploring alternative opportunities
With careful consideration of tax implications, effective wealth management involves prudently managing risk, staying disciplined with your investment strategy, and maintaining a growth mindset. Remember, setbacks are inevitable, but learning from them and adapting your plan is essential for long-term prosperity. However, consider consulting with a licensed financial advisor to develop a customized investment strategy that aligns with your goals, risk tolerance, and tax obligations.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Noblett Roberts” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Tax Corporate Gross Profit. Why can they deduct expenses from their taxes, but the average person can't. Corporations have more rights than the average person.
I agree. Even sadder than that is the distorted notion that corporations ARE persons. That is how they have gained the upper hand through the courts. It needs to be reversed and RFK Jr is the only one talking about this.
@@letsRegulateSociopaths Apply the same kind of scrutiny to Biden's supporters. Do you really think that people who donate tens and hundreds of millions to Biden expect nothing in return? Get real. RFK Jr 's campaign is operating on a shoestring compared to Biden's and he is the only candidate who can BEAT TRUMP. Of course there will always be donors who will put money on the candidates they see as likely to win, but it will be a rude awakening if any of them think they are going to get favors from RFK Jr. He is literally putting his life on the line for what he believes in while Biden has turned down his request for Secret Service protection at least five times but authorized it for Nikki Haley. In terms of integrity, Biden cannot hold a candle to KENNEDY.
@@letsRegulateSociopaths Apply the same kind of scrutiny to Biden's supporters. Do you really think that people who donate tens and hundreds of millions to Biden expect nothing in return? Get real. RFK Jr 's campaign is operating on a shoestring compared to Biden's and he is the only candidate who can BEAT TRUMP. Of course there will always be donors who will put money on the candidates they see as likely to win, but it will be a rude awakening if any of them think they are going to get favors from RFK Jr. He is literally putting his life on the line for what he believes in while Biden has turned down his request for Secret Service protection at least five times but authorized it for Nikki Haley. In terms of integrity, Biden cannot hold a candle to KENNEDY.
Well it happened. Under trump a lot of people got raises when he cut the taxes. I know several of them, it's the truth. Taxes are nothing but theft that hurts everybody
I'm interested in learning about elite investors' millionaire-making tactics and want to build my $435,000 nest fund. Investing in equities may generate good returns due to capital appreciation and dividend payouts. But time is critical: should I invest now or wait for better market conditions?
Avoid hasty decisions based on short-term swings. Prioritize patience and a long-term perspective, and most importantly, seek financial advice to make educated purchasing and selling decisions.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.
Vote for the only candidate who is committed to unraveling the corporate capture of our government. The control they have exerted for decades gets everything rigged in their favor. That candidate RFK Jr. He has the most comprehensive plan to return our government to We The People, level the playing field and rebuild the middle class that has been hollowed out by the econonic policies of the duopoly for decades.
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If you’re not ready for it, you shouldn’t be in the market. or get you a skilled practitioner.
What hurts you more is this perspective and this channel. Take 5 minutes and actually do the math on this stuff. Most of what this channel says doesn't hold up and can be disproved with 6th grade math.
NOT TRUE. I know a Dr. who quit working because over 50% of their pay was taxed away. A productive citizen became a consumer (from savings) leaving 0% tax payments! Reagan’s CUTS actually RAISED tax revenues.
The Laffer curve is a stupidly obvious concept with no real implications for what it was used to justify. It literally implies nothing about what the ideal tax rate should be.
And it turns it out to be wildly different for different countries. Estonian income tax is a about a flat 25%, and that's with it paying for stuff like national health care and free college. Estonia is also the perhaps the only nation where the entire government is computerized across all levels of administration to the point where there aren't really any staff costs apart from the dozen or so IT staff. Estonia is also a very small nation, which contributes to low costs of running a government
In theory, you can sustain the American government with a flat ~10% income tax, but only after tearing down 200 years of red tape and computerizing everything, just like what Estonia did back in 1995. The only cavet is that the process of digitalizing and computerizing something like the US government would temporarily triple the federal budget for 30 years
Its worse. The Laffer curve does imply an ideal tax rate, but its the opposite of what conservatives argue it is. Economists estimated this ideal rate to be 83% tax rate (and that's an unavoidable unloopholed real tax rate). eml.berkeley.edu/~saez/piketty-saez-stantchevaAEJ14.pdf
Anything over a billion dollars should be required to be redistributed into our economy (without work arounds). In contrast to a few video game franchises, the developers limit the total amount of money you can acquire. Why? Because they know you’re less incentivized to spend your money in order to progress. These billionaires are giant vacuums without regulations. It should be illegal.
It used to be illegal when the United States decided to create a middle class after WWII. That all got destroyed under Nixon. Business that hated government regulations, taxes and unions, got together with the bigots that hated the passing of the Civil Rights Act that ended segregation, the two created the Republican Party we have today. Definitely not about preserving anything in our nation, they are taking us back to colonial times, a type of modern slavery is what they have in mind.
@@jonathanjones3126 oh how sad, I guess I'll ignore the profits they raked in by getting people addicted to their legal heroine while saying it was completely safe.
Most workers don’t want this. They don’t like the idea of making nothing if there are no profits one quarter. Cooperatives often can’t agree whether profits should be distributed as dividends or reinvested. It causes contempt when hiring new workers because the profit pool is diluted. Workers who carry more weight than others take offense at equal sharing of profits.
@@ngf5077 so literally all the problems workers are already dealing with now, except they'd have a say in how their workplaces are run, and the profits would be going to them and their coworkers instead of nonproductive non-working shareholders.
The problem small businesses face isn't taxes but regulations. For a business with little income being fined can be devastating but hiring a lawyer to check if you're up to code can be expensive.
Corporations don’t use tax cuts to hire more people. They hire more people based on demand. How do you increase demand? Increase the purchasing power of the population - most effectively accomplished by cutting taxes on the middle and lower classes.
They are essentially rewarding corporations and the rich by not doing anything different so of course its just going to stock buy backs, executives bonuses. Etc. Not to anything productive in society.
Keep in mind, shifting the tax burden from the rich puts it on the middle class. Our middle class started shrinking at the same time as the taxes were cut on the wealthy. ... Correlation may not be causation in many cases, but it partly is in this case.
Tax cuts are the EASIEST thing to pass, especially when your population is under financial stress. Here's the playbook: Tax Cutter: "Who here likes money?" Americans: "WE DO!" Tax Cutter: "Who doesn't have enough?" Americans: "WE DON'T!" Tax Cutter: "Who wants MORE money?" Americans: "WE DO!" Tax Cutter: "Then pass this tax cut! You'll be able to keep more of YOUR money!" Americans: *"OK!!! WE WILL!!!!!* Tax cut passes and it ends up benefiting the rich & corporations. (See 2017, and every single other previous tax cut.) If your actual TAXES don't go up, your service fees, surcharges, usage, overnight, entrance fees and everything else will go up. Staving agencies will then push to pass "unseen" taxes like county assessments. "But this 'measly $20 assessment' will help save the libraries/schools/parks/children/cute kittens!" So they pass. Ironically, as more and more "tax cuts" pass, economic stress increases, making the passage of future tax cuts easier and easier!
Yes, because nothing motivates anyone aside from greed, sloth, or lust. Our economy is built around the worst of our impulses and actively stifles the positive, natural impulses we all have: community, mutual aid, camaraderie, and altruism!
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
“LAURELYN GROSS POHLMEIER ’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@nekotfarmeror for the same price you could by a coffee from a local place and help your community. Kind of shows that selfish mindset. Me, me, meeeeeeeeeee.
My friend spends $200/month on coffee alone and all the other frivolous stuff probably adds up to $1k. They will never retire because they burn every spare penny they make😂
“Trickle down” only works when companies actually have to compete with each other. Not when there’s only one internet provider in your area for example
Watching this channel is always a double edged sword. On one hand the videos are so informative. On the other hand with every video I watch, getting up and going to work becomes noticably more difficult.
Wealth accumulation and money management are two separate things, and the lack of investing education in schools may be the reason why people find it difficult to hold onto their earnings. The examples you gave are pertinent, and the market crisis helped me personally since I welcome hardships when others shun them. In a light-hearted way, my counsellor does, too.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
As far as I can tell (I'm a career number cruncher with a solid understanding of finance and taxes), here's the deal. Biden (and Harris) have been working tirelessly these past three years to upend the trickle down economic policy solidly entrenched in America's tax rulings. Supporting Unions, higher min. pay wages, manufacturing, passing the Chips Act (which will support the economy in the future and is vital in keeping this country economically globally competitive in the future), having green energy companies (Solar panel mfg in GA, GE manufacturing in NY for example) they are taking the economy out of big corporate control and giving it back to the worker / consumer. Lina Khan, the head of the FTC, is making great strides with endeavor, which is why BOTH political parties and Big Corporations have been working so hard to oust her. They are hoping Trump wins and are beating the doomsday drum if Harris / Walz should win. Hope this helps you better understand the situation and gives you a bit of hope.
@@MF-qf7bs But they've been in office for four years and have put us more in debt with this war and open borders so I'm not sure if they have our best interest at heart either. Sounds good though. Do you think that they are all robbing us from both sides? It looks like the Democrats just tax everything, add more debt, and pass the bill to the next generation. Wyt? Thanks for responding too. I'm not a numbers person but videos like this make me wonder who is truly fighting for the American ppl or is it all a smokescreen from both parties.
@@MF-qf7bswhat a load of bs. Real average wages have increased at the same rate nearly every year for about a decade. The actual unbiased truth is that federal tax revenue doesn't really increase with different tax policies. It has remained more or less at the same relative level for a very long time. The only fix to that is to have a flat fixed rate for everyone and everything. The rate should be set to cover the federal budget. This is the only way we can hold both the government and the rich accountable.
Not sure why people don’t understand this- No corporation has ever paid a penny in tax, ever. The taxes are passed on to the goods/services being sold.
Oh actually the guy at 2:28 makes a lot of sense. What we should be doing is: not taxing all the people that work i.e. the people in the lowest income bracket, and increase taxes of the people that provide little work i.e. the people in the highest income bracket. Actually pretty smart!
The Constitution was amended after WWI to tax income. Until that amendment was passed taxes were strictly capital gains taxes. Business was always meant to fund the expense of government the Founding Fathers never trusted corporations and didn’t much good to say about them and from my pov the Founders were right to distrust corps.
Income tax wasn't even implemented until WWI where it was supposed to be an emergency wartime measure. However it was never repealed and instead capital gains tax was repealed over time
Close the stock manipulation loophole that corporations use to skirt taxes by buying back stock, which increases value of the stocks executives are paid in. Billions poured into buybacks now just imagine if that went into the economy and into increasing benefits/wages?, we’d be living in a golden era akin to the 50’s!
The 1950s where only that way because most of the world was rebuilding from world War 2 and the usa had virtually no competition. People also struggled allt back then too.
Reagan said when talking about the defecit " with our trickle down economics give us a year 2 tops and there won't be any defecit " and what happened it doubled and more the entire time he was in office
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.
Greed will be your downfall. Markets are unreliable. Financial Statements are falsified and unreliable. Millioniares aren't becoming millionaires by investing. They do it by insider trading, stock manipulation, price fixing, false advertising, paying courts to rule in their favor. You want an approach to make over $400K? Takes money to make money. That's how it works.
@ishanator3819 I assume it's because of the French Revolution and because Guillotines use lumber, a wide metal blade, and rope to function. It's a subtle, semi-ironic call to Revolution.
Anyone pickup on the fact that Reagan and Trump both misrepresented the goals as good for everyone, while it has only increased the wealth of the wealthiest? Vote Democratic for progress, or vote Republican if you like job cuts and richer corporations.
Every president since the last two years of the Carter administration has been more or less a republican supporter of big business. Every dem has been a 'corporate centrist.' Basically another elitist republican. Reagan was the antichrist.
Those who own 90% of the wealth pay less than 50% of the taxes. How about we bring that number down! Which one you ask? The second one of course! Obviously the ones who own 10% of the wealth should pay even more than just 50-60% of taxes!
This is actually false. 75%-85% of all taxes are paid by rich people. Depending on where you draw the rich line. Your contribution is hardly worth mentioning. This figure comes from a democratic websit ;). Its also public info you can go calculate.
Before Reagan, my father's income supported NINE Children, his wife didn't work. Try THAT today after 40 years of supporting 2 types of freeloaders -> 0:45 I don't have enough thumbs to thank you for this video. I've already added it to my.... and THANK YOU for the Bedtime for Bonzo reference. I have that on DVD. I was a fan of Reagan when he was elected , MSM urged me to do that ( hey, who owns them -> 0:45 ) I HATED Reagan before he left office, only paying close attention to what Reagan was doing plus some alternate media (including Playboy Magazine) helped with THAT.
Problem with the party system is it’s so easy to cater to the rich with policy it comes down to someone who is good for the rich or good for the govt and nothing really between
UA-cam keeps recommending videos from this channel to me every so often. And every time I watch one of those videos, I feel insanely infuriated. That is until I remember that none of this affects me because I don't live in the US and my own country's policies are not that biased and unfair.
Yeah. I usually get infuriated because the majority of what they discuss can be disproved with 6th grade math. This channel is garbage. Its not worth getting worked up over.
The funny thing is there is a not insignificant portion of poor and working class people that have an issue with raising taxes. This what happens when you cut funding to education.
The laffer curve makes some sense, obv, but of course, it's a false dilemma or a strawman. You raise tax rates *at higher income brackets*, and the outcome is, there is no point to paying a CEO more because it just goes to the gov. So you force the corps to actually pay out that to everyone else.
Nope - They would become shareholders, the company would have no CEO just a board and their salaries are shares which isn't income yet but it is collateral for all kinds of other investments...
How about this? It could work if everyone incorporated themselves, so thst, no one paid taxes. You would be a corporation. And you would be an employee at your corporation. Your house, your car, your cellphone, your clothes, everything would be corporate property. Your electricity bill and you gasoline bill would be corporate expenses. You live in "your" house as an overnight watchman/wstchwoman. The corporation would provide meals as an exempted employee benefit. If you pulled a salary, just enough to live and have minimal entertainment, that would be another corporate expense. If your corporate experiences are big enough, maybe your corporation could get a hefty tax rebate. I do not have a clue where the money for rebates would come from. 😅
The ridiculous notion that a corporate tax cut will create jobs makes no sense. You'd have to believe that if a business owner needs 10 employees, to run his business, that with a tax cut he will hire a few more workers he doesn't need out of the goodness of his heart. How does that make sense?
You pay the corporate tax. The company has to make profit and taxes are a cost. Increasing corporate taxes increases your costs. Now yes. Some companies probably have a high profit margin they can absorb this so it's not an exact account. But... one thing is sure. Raising taxes will NEVER lower prices. Except in situations where companies are forced to move manufacturing off shore. If prices are lower. You buy more. If you buy more. They may need more employees. If there's a worker shortage. This drives wage increases. This is the idea behind this. Does it work perfectly? No. But again... you cannot tax someone to prosperity. Thats not a thing. Idk what the correct tax rates should be. And im sure theres some flexibility here where subtile changes don't have an obvious effect. But screaming about raising corporate taxes while simultaneously screaming about barely affording anything is complete nonsense. I don't buy Microsoft. Because I disagree with there business practices and profiteering. Thats the proper response if you don't like something. Don't buy it.
Just last week More Perfect Union videos showed up in my you tube feed. They are excellent. I have been watching one after another. Thank you for such good information. ❤😊❤
Really you are paying all the taxes. Corporations need to make a profit and therefore your cost is on average higher than fees. Tax is a fee. So sales tax. Corporate taxes. Its all effectively paid by whoever spends the money. Its just that Corporations are easier to be the vehicle for that taxation.
Because they generate revenue and have an income, and if we didn't tax them then money would have an *even bigger* role in politics, which seems like something even Republicans at least pretend to dislike
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
much of the problem with the status quo is the level of corruption in gov’t, and the ability of lobbyists to ensure that this corruption remains rampant
Eliminate income tax. It was never supposed to be permanent. It was only supposed to last through the war, but they never ended it. We still had roads, police, firemen, etc BEFORE the income tax, we will do just fine without it.
The TCJA killed tax deductions for the middle class. They increased the standard deduction, but that didn’t offset the deductions they eliminated. It was a horrible deal for millions of middle class Americans.
I am sure there are many arguments depending on what issue you are talking about. But in any case this isn't a political ad, we are just discussing an issue.
@@johnpoole3871 The video spends almost 10 minutes, between 5:42 to 13:12 focusing on a single candidate, and then ends with a dire warning about how things will get worse if they get in again. Like, if you guys want to discuss an issue and NOT sound like you're making an ad for one of the corporate political parties, than you don't do something as silly as pretending that only one man is the problem, and then imply that if he's prevented from getting the win, and hence the other team gets the win, that the problem goes away. I just cannot take anyone who engages in this team sports nonsense, seriously anymore. Like, if you're not convinced the whole system is corrupt, and that it doesn't matter who you "vote" for, because all of them serve the same elites, than you're not here for a discussion, you're here to cheer on your team and delude yourself in the fiction of clever marketing campaigns and single issues. So if this video wanted to actually cut down to the truth of the actual issue, we should have seen a clips montage of every single candidate since FDR, and examined how both parties have continued to advance the exact same corporate agenda. We should have discussed how the entire thesis of this video actually stems from the one huge mistake no one is talking about: defining corporations as "people" and granting them the same "human rights" as us, which happened ages ago and which not a single political party will ever change or even talk about. And as far as single issues go: these modern corporate parties learned, quite some time ago, to use single issues to manipulate us. Take gay rights, for example, which is an issue that directly affects me. Lots of people continue to vote for the one party, because of this issue, out of some misguided belief that this party cares about them and wants to protect them. Yet, nothing could be further from the truth. Like with a Woman's right to choose, the party constantly proves how little they actually care about the issue of gay rights, because the moment they won the gay vote, by taking a lot of credit for things they didn't actually do, they decided to just leave it purposely dangling precariously within reach of those who would snatch it from us, rather than fight to codify it into permanent law, where it's untouchable... And why do they do that? Because as long as it could be lost at any minute due to the whims of the other party, they can keep ripping off our barely healed scabs and drag us back to the same issue, over and over again, where they can make their thinly veiled threats; that as long as we ignore every other trash thing they do and vote blindly on this single issue, than we can keep the temporary "rights" they so graciously have given us permission to have (as long as we're loyal to them). It's the same with the issue of this video as well. That party will say the right things, and even perform temporary acts they can claim credit for (like the nonsense claim about "ending child poverty". What a joke!), but at the end of the day, both parties will always come back to serving Verizon and its owners, not you or I.
I've got a great joke about trickle down economics but 99% of the people won't get it.
😂😂😂😂😂 nice!
XD Gotchu
Nobody noticed trickle down is literally a pyramid scheme?
Ok let's hear it
Took me a second...good one.
"Socialism for the rich, rugged individualism for the rest of us" -MLK
Individualism for everybody is what I fantasize about. For every mega billionaire there are several red and blue stooges helping them rewrite the rules in their favor in disregard of true competition
@@Emancipatriotlmao so what do you propose
Wow ! Wonderful quote. Thank you :)
Are you sure that wasn't Kodos?
He was a plagiarist commie stooge but, hey, even a broken clock is right twice a day.
For every loophole in the tax code, there is army of lobbyists ready to defend it.
Oh yes
Ron Paul talked about abolishing the federal income tax. Where were you?
@@donmarek7001 : I support reforming the tax code to make it more fair and less accommodating to the corporations and the super wealthy - as those two special interest groups had a big hand in having the tax code rewritten to serve their own greed.
Ron Paul and Rand Paul are myopic libertarians who lack any pragmatic problem solving skills and are uninterested in consensus building on sound policy. Too bad Kentucky consigns itself to such dead weight senators....
Wrong. The so-called "loopholes" are there for a reason. What are the big four in Accounting for advising politicians on how to draw up tax laws?
That’s why we need to get rid of a progressive tax code and the Federal Reserve.
What conservatives tell us tax cuts will do: "Oh boy, I have more money! Now I can pay my employees better and invest in better facilities and hire more people and-"
What tax cuts actually do: "Oh boy, I have more money!"
actually what tax cuts do is CAUSE INFLATION. What do they do with that extra money? Buy assets, which raises rents, and stocks which raises prices (CEOs raise prices to raise the earnings to even out the Price/Earnings ratio).
You’ve never ran a business. If an employee generates 20k in profits annually and I have an extra 100k annually. I’d hire more people and make more money. Based on your math that the rich are greedy.
Try talking to someone that has actually lived what you’re spouting.
It's even worse than that: as he pointed out, your CEO will say "if I keep money as profit, then we keep 80% of it. If I spend it on employees, like half of that will go to the government in taxes, more than if I keep it. I don't like money going to the government. Actually, let's fire people so the government gets even less."
@@letsRegulateSociopathsummm No!! Printing money out of thin air is how inflation is created. This isn’t even debatable anymore. Or at least not by anyone that understands economics.
Glad he cited the drop in 70% tax rate on the Rich, nobody today seems to believe that
I remember my older brother holding his young toddler daughter. As she peed on his US ARMY fatigues, he gallantly mused, "That must be Reagan's Trickle Down Policy".
The joke went completely over my head.
better than getting it on your head
@@icedteacatfish That's for sure.
@@icedteacatfish what has Trump been doing to us working people
@@lindastewart9589 Fact is, his 15% corporate tax took more in taxes than the 45% tax did because of all the loopholes.
Somehow, the other party's 18% tax rate increased corporate profits by $2 trillion. Figure that one out.
@@Mavendow interesting, i thought loopholes were seen to increase corporate gains not decrease them
That "trickle down" is warm, moist and yellow in color.
Under Trump I paid the lowest taxes in 25 years for my small business.
Brown
Nice try Eric 83 percent to the wealthy.
@@francismarion6400 that isn't my experience, under Trump I paid more in income taxes against the shittiest collection of contract jobs I have ever had. I even had to cover my own health insurance while working full-time for The Fed.
And brown!
The issue isn't that corporations aren't being taxed enough, it's that they are able to avoid taxes. You can tax them all you want but unless you remove some tax loop holes, nobody is going to benefit from any policy
You mean removing all loop holes.
Oh somebody is going to benefit. The guys running the corporations.
What are these tax loopholes I keep hearing?
Those loopholes aren't there on accident. They're not bugs in the system, they're features
Yup and it's funny how neither party has tried to fix it in all these years, it's almost like they themselves profit from it 🤔
I remember my grandma used to rent rooms in her house back in early-mid 90s. She rented the rooms pretty cheaply and renters were able to save enough, that once ready and more stable, they'd leave and find more permanent housing (or bigger home if they ended up having a baby). Sometimes, it was a couple just starting out, a college student, or others who were not able to find something more affordable. She'd treat each one with respect and kindness, and they, in turn, respected her. Some stayed for a long time, and some would return years later, or pop in for random visits to "grandma" as they'd end up seeing her as family.This was a woman who did not rent just for the sole purpose of making money. She rented to provide a roof over fellow humans, maybe going through a rough patch who just needed a hand or a break so they could lift themselves up. I don't know how we've become a society so greedy who only thinks about themselves (or who allow large greedy corporations/businesses to take advantage). I'm not saying everyone who rents should follow this model, but at least for businesses who price gouge, there should definitely be more restrictions so that others can rent at fair price. ❤
I'm from Slovakia and a room is the only thing I could theoretically afford to rent. I make exactly what the median salary is in my country - 1400€/month before taxes, which is 1070€ after tax. A room comes out to 275-350€ with everything included. Studio apartments are 500-600€. If I rented the single room, I'd still never save up for anything in my life...
You have just described why the scum of humanity keeps rising to power: they are enabled by a system that rewards predatory behaviours instead of mindful humanism.
@@michalsvihla1403it's going on in the U.S!
The Laffer Curve. I remember my economics professor in college back in the 80's lecturing hard against this. He was spot on.
the rich laffing (sic) at everyone else...
@@letsRegulateSociopaths And all the way to the bank.
Surprising that it was the '80's . . . I'd expect that to come from the '60's or '70's.
The 0% and 100% theory parts are accurate.
@@vxicepickxv
They are.
The rest of the model oversimplifies.
Trickledown was a crock in the Reagan years, it's a crock now. Only difference is then people knew it was a crock. Today they cheer for it.
It goes back to Nixon, who was known as "Trickle-Down Dick".
It was a crock over a hundred years ago when it was called the horses and sparrows theory.
We either get a trickle, or nothing.
So...since the Trump Campaign is making promises to extend/increase those tax cuts from the Trump years, send this report to every Trumper you know -- at least the ones who seriously think he would be good for the economy.
Reagan literally won his reelection with the largest margin of any president winning 49 out of 50 states... how can you say "people know it was a crock?" Lol
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Wealth doesn't trickle down - it gets sucked up...
yeah; pee on our back and tell us it's rain.
@@dr.c7679
I don't do the Apricot Antichrist
Bullseye 🎯
Great line they need to use that
Hoovered up, in fact.
Wealth trickling down only happens when you squeeze hard.
Wealth doesn't trickle up no matter how much you squeeze.
Glad I made it
@@francismarion6400 You have 5,000 years of world history showing you wealth has ALWAYS trickled up. Or rather, has been siphoned up.
@@francismarion6400 What are you talking about?! Wealth trickles up every time you buy anything on Amazon. Every time you pay Disney, Netflix, or Spotify for their subscription 'service.' Wealth trickles up every time you use a credit card, PayPal, Venmo, or even a debit card from a bank. Wealth trickles up every time your boss denies you a raise or moves the goalpost for your bonus. Wealth trickles up every time a lobbyist changes the law in their financial favor. Wealth trickles up every time AI replaces laborers. Wealth trickles up all the time because the people at the top own and control everything. They're monopolizing utility companies, rental properties, and every social service they can get their hands into. Private Equity is destroying businesses left and right. Every dollar that goes to Wall Street was stolen from Main Street. Wealth will always flow to the owners of production.
Wait what?
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
This is why I entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
My CFA Melissa Terri Swayne a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
A history of the top marginal tax rates on the wealthiest Americans: 1940: 81% 1950: 84% 1960: 91% 1970: 72% 1980: 70% 1990: 28% 2000: 40% 2010: 35% For 50 years, corporate backed politicians in Congress have slashed taxes to line the pockets of their wealthy donors.
This needs to be more heavily publicized.
just a natural progression of what happens when you give the government a power it should never have in the first place. who can be surprised when the rich and powerful wield it? but instead of correcting the original mistake we just boldly march on into poverty 😂
@@markfinley3703 it is publicized. This is quoted pretty regularly when the topic comes up in the media.
The issue is that american conservatives have been brainwashed into thinking golden shower economics will benefit them. americans live under an ideology that convinces them they'll one day be millionaires, so it's in their best interest to be good and fall in line.
Although taxes were high 1940 to 1980 the rich didn't actually pay those higher taxes because the politicians put in loop holes in the tax laws so these high taxes could be avoided. They do this so average person thinks the rich are getting hit hard with taxes but they really aren't because the politicians put in the loop holes in the laws. So it doesn't matter how much the rich are paying in taxes, it's more important how much you pay in taxes! When the politicians are talking about raising taxes on the rich people they are raising the taxes on everyone but everyone doesn't get loop holes to avoid paying the higher taxes!
@kevinattig6689 A lot of those loopholes had to do with reinvesting in your business, in funding research and development. Things that were good for the country. Now the money just goes into their pockets and serves no one but them.
It has always been a lie.
It's not a lie, it's a half truth. Which makes it way more dangerous.
It was a marketing gimmick
Not always. That is what the KGB want you to believe
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Sonya Lee Mitchell for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
"And so the population was gradually led into the demoralizing temptations of arcades, baths and sumptuous banquets. The unsuspecting Britains spoke of such novelties as civilization, when, in fact, they were a feature of their enslavement."
-Tacitus 68 BCE
That was a brilliant comparison! Scary, but brilliant!❤
Wow that's a great quote, I should do a video grabbing people off the street and asking them what year they think it's from
History going in circles
All of these rich people in corporations need to pay our taxes for a while. They want to get by without paying taxes. And then, when people want to make a decent wage, they want to double the price for everything they sell. Because they're too greedy to take a penny less. This country was created with good intentions but it has gone straight to hell with all these assholes in washington and these business men lawyers.
SPOT ON
I agree. The way the system is rigged in their favor and against us is the result of the duopoly's economic policies and the corporate capture of government agencies that are supposed to be regulating corporations and protecting tax payers. RFK Jr is the only candidate calling this out and committed to unraveling the corporate capture, leveling the field and rebuilding the American middle class that has been hollowed out for decades by unfair tax policies and more. .
Rich people pay most of the taxes in this country. 200 million people earning 60k a year woundt be able to fund even 10% of our governemnt. Rich people pay more than poorer people. who cares if the tax rate is 20% that is how much most people pay in taxes anyway its all proportional. Secondly those tax dollars arent your money they are the governemnts money and they have a whole IRS armed force to prevent you from gettting .00001 of that money. YOU ARE NOT ENTITLED TO THE PROFITS OF BILLIONARES. the left lie to you buy saying taxes are your money when they arent your money the governemnt owns the money and they use violence to keep it.
Amen!! 🎯
What is wrong with letting people keep more of their own money? Allowing people to keep what they earn is what America was founded on. The American revolution was really a tax revolt. People didn't like seeing their money disappear and given to some king across the ocean. Taxation is essentially theft. Taking money by force from one person and giving it to another without getting anything back in return is theft. People revolted against that theft and that is how America was born. Of course over time assholes did ruin it. If people weren't assholes we wouldn't even need a government at all. There is always going to be people who lie, cheat, steal, and murder to get what they want. Then we need a government to protect us from those assholes.
When you put so much energy blaming one side you forget that the leaders on your side is stabbing you in the back also. Both parties are for corporations. Believing otherwise is just silly.
never take advice from a guy with a man bun. Its always Marxist BS. Thats why its one sided.
So very true ,they are both rigged against one group of people,the poor!
Bingo!
So vote for the lesser evil (in your eyes) then?? The issue is people are gonna make that argument and still vote for that "one side"
That lesser evil comment is always ignorant. We still choose evil! Saying that just shows how complacent with the pitfalls and the damage this government is doing to the people. It's goes against completely what America was created to fight against. This country and the world as a whole has become so docile and abilging to the evil people of this world. The ones who decide to stand up against it are considered terrorist, anarchist, conspiracy theorist, or the enemy. They've conditioned your thought patterns.
????? How about doing a story about how food shelves and food banks really work?
A lot of people, even food shelf workers, mistakenly believe that large corporations kindly donate their products to food shelves (via the big regional food banks like Second Harvest for redistribution to local food shelves) out of the goodness of their hearts. In reality, what happens is that the Farm Bill provides for an "enhanced" fed tax credit equal to cost + 50% of retail value for items "donated" to food banks. This form of tax credit means the corporate food suppliers actually are getting paid (just like the former child tax credits issued checks) amounts that are probably pretty close to what they would get by selling their products to retailers. The bonus for these corporations is that this is a profitable way to unload products that do not sell and that are close to the sell-by date or even significantly beyond the sell-by date.
Some corporations even package products specifically to go to food banks which are heavily processed and filled with cheap unhealthy ingredients no one would choose from a grocery store shelf.
Because corporations in this country have a mandate to increase shareholder wealth above all else, unless these companies are actually making a profit from "donating" products, they could actually be sued by their own shareholders. That is why they make sure that every "donation" benefits their bottom line and that is why food shelves are full of unhealthy, heavily processed products with inferior ingredients that contribute to chronic health problems like diabetes, obesity and heart disease, and many are also past their sell-by dates.
Let's stop pretending these corporate food giants are being nice to the food insecure and expose that they are making money off of the most vulnerable members of our population. As an example take a look at the fabulous new Second Harvest food bank building in Mpls that has Cargill logos all over it. The fact that they control these food banks is obvious and they are controlling them because it is profitable for them.
We need accountability from the Farm Bill. Make it work for people and small farms, not food conglomerates and factory farm corporations. Stop the siphoning of tax dollars into unhealthy foods with high profit margins that translate into cheap, unhealthy ingredients that add to the chronic disease epidemic. If the enhanced tax credits are going to continue, at least limit them to products that meet minimum nutrition and safety guidelines.
There is no mandate to increase shareholder value under U.S. Law. It's a social expectation, not a legal requirement.
@@Exilis Each of these videos asks viewers to leave comments on topics they would like to see covered on this channel. If you have a problem with that, take it up with them.
This happens to be an issue that affects millions of people and is contributing to the chronic disease epidemic in this country. It is a prime example of corporations manipulating the system for their own profit while pulling the wool over taxpayers's eyes. It needs to be exposed to put a stop to it, just like other topics that viewers request to be covered. The purpose of this channel is to inform viewers, not keep them in the dark.
This was a great informative read. That being said, I won’t hold my breath for political parasites to turn their backs on cargill (or whatever other conglomerates) . I sometimes think and wonder how many laws and regulations are written to favor these big companies. And it’s both sides of the aisle. Corporations and governments that foster them are intertwined immensely.
@@thugpug4392 Any corporation can be sued by its shareholders for not maximizing shareholder wealth. That's a mandate.
@@dao8805where is it mandated that corporations have to maximize share value? Where is it legally mandated?
There are more than 6,000 US companies with more than 1 billion dollars in revenue. In the first quarter of this year, all corporate PROFITS were 2.7 5 trillion dollars and that was lower than the fourth quarter of 2023. Tax revenue received in 2023 was 4.4 Trillion, which half was paid by individuals. Corporations need to be taxed more and pay more to their average employees
We need to close tax loopholes. That’s the real problem.
And 75% of fed income tax revenue comes from just the top 10%. The bottom 75% of tax payers account for 10% of tax revenue.
@@JLB00333
The top 10% hold 75% of our national wealth.
The bottom 50% hold 2.1 percent of it.
Why are you carrying water for the 10% who own 75% of the nation's wealth?
Flat tax period
@@JLB00333 just the 3 richest americans have more wealth (not income) than the bottom 90%. they should pay even more if they want to exploit americans so much
You had me in the first half, I'm not going to lie, but of course all of our problems stem from Reagan.
Edit: I also want to point out that every single article I read or saw about the coming tax cut, at the time, predicted "most companies are going to use it to do stock buybacks or increase dividends."
and they DID! As if it was a mystery. Well, it is for most people who are financially illiterate...
Yep. It was the GOP, the White House and right wing media pushing the idea that this would be helpful to the middle and lower classes. Everyone else said it was a cut for the rich and corporations, with especially attractive benefits for real estate developers. Unbelievable.
Were stock buybacks a practice in the 80s? I don’t recall that happening until the late 90s.
@@BeefCurtain91 the rule changed in 1982: SEC Rule 10b-18. Took a while for it to gain traction
“The richest person is not the one who has the most, but instead, the one who needs the least”.
...Because he has the most, lol
Well I just drove by several Rich People camping under a bridge.
“Money doesn’t bring happiness.” - Some rich guy
@timetowakeup6302 Very powerful statement, well said. Im impressed.
@@HTCM8FLY It's a very placating and ill-defined statement. "Needs" and "wants" exist on a spectrum. Also, people's perceptions of their needs and wants are not identical to their "true needs and wants". That makes one's sense of wealth largely subjective and individualized. Yet perceived fairness of wealth distribution only makes sense if there is a measure of wealth that can be objectively determined.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market
We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Rebecca Nassar Dunne for the last five years or so, and her returns have been pretty much amazing.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The common sense perspective should have been when have the rich ever cared about the poor? Reagan was the beginning of the end of the middle class in this country. The vast separation of wealth created was on purpose. Economic inequality breeds crime and we had expansion and privatization of the prison system. Think it's a coincidence?
What is middle class? Does a farmer with a 1 million dollar farm with 16 employee that make 100 000$ per year in profit is in middle class. Does a office worker working at 40 000$ per year is middle class? If he works at 30 000$ he is poor but at 31 000$ he is middle class? The middle class is a myth invented by politician and propagandist to fool you. In the world, there are annuitants and there are workers. The cronies hate workers and love annuitants.
I remember when Regan signed off on his 'Trickle Down Economic Policy', AKA Reganomics. I was around 23 at the time. Wall Street was flooded with champagne. It was supposed to spur economic growth. All it did was create a lot of low paying jobs so we could eke out a living better and hike CEO pay by (collectively) billions.
💯
I was a senior in high school and I remember well how we had never seen 'homeless people' before, just a few tramps and bums, or hobos, over by the railroad tracks. Reagan closed down a lot of state institutions, and suddenly they were all over the streets, so someone had to come up with a better name for them than hobo. But it was unheard of, and now look where we are.
REGAN!!!! Its always Regan
Reagan is the one who opened the doors for neoconservativism and neoliberalism, aka corporate rule.
It is Reagan not Regan.
because he was in on the beginning of NEO libralism (also called Neo-Con). The Powell memorandum.
Little Ronnie RayGun
Don’t forget who his VP was. Not necessarily all Reagan.
And who collects the interest on all that national debt? The wealthy do.
UBI for the Rich
Thank you! Why borrow from the super rich and pay them interest when we could just tax the same exact people the same exact amounts?
Please do a piece on glass steagall and how we have three major banks now since it’s repeal
🎯
YES !
We need to bring back Glass Steagall
You can thank bill Clinton for that repeal, you thank the scumbag for nafta to
Don’t forgot the Telecom Act of 96 and the CFMA of 2000. These guys never go after Bill Clinton. He was just as bad as Reagan.
@@dao8805💯💯💯
Effective tax planning is crucial for preserving wealth and maximizing financial growth, especially in the complex tax landscape of the United States. Understanding tax laws and optimizing your tax strategy can help you minimize tax liabilities and maximize your financial growth.
Despite the promise of high-quality stocks, many have underperformed the S&P 500 this year. My $200,000 portfolio has experienced a 20% decline. To revitalize my investment strategy and boost returns, I'm considering diversification, rebalancing, or exploring alternative opportunities
With careful consideration of tax implications, effective wealth management involves prudently managing risk, staying disciplined with your investment strategy, and maintaining a growth mindset. Remember, setbacks are inevitable, but learning from them and adapting your plan is essential for long-term prosperity.
However, consider consulting with a licensed financial advisor to develop a customized investment strategy that aligns with your goals, risk tolerance, and tax obligations.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Noblett Roberts” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, i did a quick web search and found her, she has a good profile and i hope to get a response soon
Tax Corporate Gross Profit. Why can they deduct expenses from their taxes, but the average person can't. Corporations have more rights than the average person.
I agree. Even sadder than that is the distorted notion that corporations ARE persons. That is how they have gained the upper hand through the courts. It needs to be reversed and RFK Jr is the only one talking about this.
@@dao8805 you mean the guy whose main supporter is also Trump's? uh huh sure
@@letsRegulateSociopaths Apply the same kind of scrutiny to Biden's supporters. Do you really think that people who donate tens and hundreds of millions to Biden expect nothing in return? Get real.
RFK Jr 's campaign is operating on a shoestring compared to Biden's and he is the only candidate who can BEAT TRUMP.
Of course there will always be donors who will put money on the candidates they see as likely to win, but it will be a rude awakening if any of them think they are going to get favors from RFK Jr. He is literally putting his life on the line for what he believes in while Biden has turned down his request for Secret Service protection at least five times but authorized it for Nikki Haley.
In terms of integrity, Biden cannot hold a candle to KENNEDY.
@@letsRegulateSociopaths Apply the same kind of scrutiny to Biden's supporters. Do you really think that people who donate tens and hundreds of millions to Biden expect nothing in return? Get real.
RFK Jr 's campaign is operating on a shoestring compared to Biden's and he is the only candidate who can BEAT TRUMP.
Of course there will always be donors who will put money on the candidates they see as likely to win, but it will be a rude awakening if any of them think they are going to get favors from RFK Jr. He is literally putting his life on the line for what he believes in while Biden has turned down his request for Secret Service protection at least five times but authorized it for Nikki Haley.
In terms of integrity, Biden cannot hold a candle to KENNEDY.
@@letsRegulateSociopaths Do you want a candidate who can DEFEAT TRUMP or not?
RFK JR can do it. Biden can't.
Anytime I hear companies say that cutting 'their' taxes will allow them to pay 'their' employees I would have them immediately thrown out.
Well it happened. Under trump a lot of people got raises when he cut the taxes. I know several of them, it's the truth. Taxes are nothing but theft that hurts everybody
I'm interested in learning about elite investors' millionaire-making tactics and want to build my $435,000 nest fund. Investing in equities may generate good returns due to capital appreciation and dividend payouts. But time is critical: should I invest now or wait for better market conditions?
Avoid hasty decisions based on short-term swings. Prioritize patience and a long-term perspective, and most importantly, seek financial advice to make educated purchasing and selling decisions.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.
Please who’s this consultant ?
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.
I’ve heard this here and I’ve heard the same there… but what I haven’t heard is HOW do we get our money back???
Become a ceo. There is a shortage. But instead of doing a job that pays more you will complain and tell someone else to do it then share the wage
By force.
At this point it is the only way.
Vote for the only candidate who is committed to unraveling the corporate capture of our government. The control they have exerted for decades gets everything rigged in their favor. That candidate RFK Jr. He has the most comprehensive plan to return our government to We The People, level the playing field and rebuild the middle class that has been hollowed out by the econonic policies of the duopoly for decades.
@ngf5077 yeah because we can all be CEOs. Simple minds create Simple solutions. Jeeeeesus.
@ngf5077 yeah because we can all be CEOs. Simple minds create Simple solutions. Jeeeeesus.
Wanna know tge equation used by billionaires and corporate leechs?
Socialize losses x Privatize profits = BILLIONAIRE
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If you’re not ready for it, you shouldn’t be in the market. or get you a skilled practitioner.
Could you kindly elaborate on the advisor's background and qualifications?
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
The stock market is for upper class rich snobs. Us dirty poors can't afford to play. Shove your portfolio up your ass is my "investment" advice.
This is disgusting. Glad to know that I never voted for Ronald Reagan. He’s policies are still hurting us.
Don't forget the sucking sound of all our manufacturing jobs to China curtesy Reagan
What hurts you more is this perspective and this channel. Take 5 minutes and actually do the math on this stuff. Most of what this channel says doesn't hold up and can be disproved with 6th grade math.
NOT TRUE. I know a Dr. who quit working because over 50% of their pay was taxed away. A productive citizen became a consumer (from savings) leaving 0% tax payments! Reagan’s CUTS actually RAISED tax revenues.
The Laffer curve is a stupidly obvious concept with no real implications for what it was used to justify. It literally implies nothing about what the ideal tax rate should be.
This is why economists are the only people who think economics is a science.
And it turns it out to be wildly different for different countries. Estonian income tax is a about a flat 25%, and that's with it paying for stuff like national health care and free college. Estonia is also the perhaps the only nation where the entire government is computerized across all levels of administration to the point where there aren't really any staff costs apart from the dozen or so IT staff.
Estonia is also a very small nation, which contributes to low costs of running a government
In theory, you can sustain the American government with a flat ~10% income tax, but only after tearing down 200 years of red tape and computerizing everything, just like what Estonia did back in 1995. The only cavet is that the process of digitalizing and computerizing something like the US government would temporarily triple the federal budget for 30 years
@@Demopans5990there's no need to do a flat tax.
Its worse. The Laffer curve does imply an ideal tax rate, but its the opposite of what conservatives argue it is. Economists estimated this ideal rate to be 83% tax rate (and that's an unavoidable unloopholed real tax rate). eml.berkeley.edu/~saez/piketty-saez-stantchevaAEJ14.pdf
Wrong. You cannot "move to a smaller more affordable apartment." They do not exist anymore.
Anything over a billion dollars should be required to be redistributed into our economy (without work arounds). In contrast to a few video game franchises, the developers limit the total amount of money you can acquire. Why? Because they know you’re less incentivized to spend your money in order to progress. These billionaires are giant vacuums without regulations. It should be illegal.
Pharmaceutical companies can spend a billion easily on new research and get nothing but a failed idea.
It used to be illegal when the United States decided to create a middle class after WWII. That all got destroyed under Nixon. Business that hated government regulations, taxes and unions, got together with the bigots that hated the passing of the Civil Rights Act that ended segregation, the two created the Republican Party we have today. Definitely not about preserving anything in our nation, they are taking us back to colonial times, a type of modern slavery is what they have in mind.
@@jonathanjones3126pharmaceuticals that literally have a monopoly on the market because of government regulation and corruption mind you.
@@jonathanjones3126 they also overcharge for medicine it costs them 30¢ to make. Boohoo
@@jonathanjones3126 oh how sad, I guess I'll ignore the profits they raked in by getting people addicted to their legal heroine while saying it was completely safe.
Cooperatives need to become the norm.
I dream of a time in the future where companies are owned by their workers
Most workers don’t want this.
They don’t like the idea of making nothing if there are no profits one quarter.
Cooperatives often can’t agree whether profits should be distributed as dividends or reinvested.
It causes contempt when hiring new workers because the profit pool is diluted.
Workers who carry more weight than others take offense at equal sharing of profits.
@@ngf5077well aaid
@@ngf5077 so literally all the problems workers are already dealing with now, except they'd have a say in how their workplaces are run, and the profits would be going to them and their coworkers instead of nonproductive non-working shareholders.
@@ngf5077at least they'd be about to make that call. The workers make the majority of the wealth they should have decision-making power
The problem small businesses face isn't taxes but regulations. For a business with little income being fined can be devastating but hiring a lawyer to check if you're up to code can be expensive.
Corporations don’t use tax cuts to hire more people. They hire more people based on demand. How do you increase demand? Increase the purchasing power of the population - most effectively accomplished by cutting taxes on the middle and lower classes.
They are essentially rewarding corporations and the rich by not doing anything different so of course its just going to stock buy backs, executives bonuses. Etc. Not to anything productive in society.
Keep in mind, shifting the tax burden from the rich puts it on the middle class.
Our middle class started shrinking at the same time as the taxes were cut on the wealthy.
... Correlation may not be causation in many cases, but it partly is in this case.
This is why education is so important !
It’s incredible to me that average people would believe a billionaire would have their best interests in mind.
Tax cuts are the EASIEST thing to pass, especially when your population is under financial stress. Here's the playbook:
Tax Cutter: "Who here likes money?"
Americans: "WE DO!"
Tax Cutter: "Who doesn't have enough?"
Americans: "WE DON'T!"
Tax Cutter: "Who wants MORE money?"
Americans: "WE DO!"
Tax Cutter: "Then pass this tax cut! You'll be able to keep more of YOUR money!"
Americans: *"OK!!! WE WILL!!!!!*
Tax cut passes and it ends up benefiting the rich & corporations. (See 2017, and every single other previous tax cut.) If your actual TAXES don't go up, your service fees, surcharges, usage, overnight, entrance fees and everything else will go up. Staving agencies will then push to pass "unseen" taxes like county assessments. "But this 'measly $20 assessment' will help save the libraries/schools/parks/children/cute kittens!" So they pass.
Ironically, as more and more "tax cuts" pass, economic stress increases, making the passage of future tax cuts easier and easier!
Yes, because nothing motivates anyone aside from greed, sloth, or lust. Our economy is built around the worst of our impulses and actively stifles the positive, natural impulses we all have: community, mutual aid, camaraderie, and altruism!
This election is really the billionaires vs everyone else.
Greed destroys everything.
I'm getting AWFUL hungry for some Billionaire Flambé
...I'll bring the marinade.
🤑
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
“LAURELYN GROSS POHLMEIER ’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
I'm telling you guys just give me all the money and your life will be better.
I don't know you from Adam, but I trust you. Send me ur email so I can send you my account number and password/information
I don't know you, but I trust you. Send me ur email so I can send you my account number and password/information 🙏
Farcking UA-cam keeps deleting my gd professional advice ffs
"stop buying expensive coffee and you'll be rich"
I mean, I'm a rich CEO and never buy a coffee outside of McDonald's. I could personally make an argument as to why that quote could be accurate.
Premium tea is cheaper than crappy coffee
@@nekotfarmeror for the same price you could by a coffee from a local place and help your community. Kind of shows that selfish mindset. Me, me, meeeeeeeeeee.
My friend spends $200/month on coffee alone and all the other frivolous stuff probably adds up to $1k.
They will never retire because they burn every spare penny they make😂
@@ObliviousMalodi This feels like projecting. What have you done for your community lately?
“Trickle down” only works when companies actually have to compete with each other. Not when there’s only one internet provider in your area for example
Trickle down never works in the real world.
Twenty jerks in the same room aren't necessarily going to be nicer to you than just one jerk in the same room
Watching this channel is always a double edged sword. On one hand the videos are so informative.
On the other hand with every video I watch, getting up and going to work becomes noticably more difficult.
Unsubscribe. Most of there videos are wrong anyway. If you take 5 minutes to do the math behind them, they don't work.
Reagan ruined everything.
yes
Uh. Nope. Not even close.
@@pdxmusl1510 uh, yeah. Yeah he did. The middle class and the increasing stagnation of wages began under Reagan. Educate yourself
@@pdxmusl1510 ua-cam.com/video/l7dHvqA-WB4/v-deo.htmlsi=7TA_rri8VoJFX8mX
@@pdxmusl1510 ua-cam.com/video/3WfgGDkWzYU/v-deo.htmlsi=YKDxKjv_BXZ0m9wa
Wealth accumulation and money management are two separate things, and the lack of investing education in schools may be the reason why people find it difficult to hold onto their earnings. The examples you gave are pertinent, and the market crisis helped me personally since I welcome hardships when others shun them. In a light-hearted way, my counsellor does, too.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Its always the same, they say they are gonna tax the rich but they tax the middle class.
Who needs a middle class anyway? Tsarist Russia didn't have one, and look at them! They're just fine!
We're doomed from both sides.
As far as I can tell (I'm a career number cruncher with a solid understanding of finance and taxes), here's the deal. Biden (and Harris) have been working tirelessly these past three years to upend the trickle down economic policy solidly entrenched in America's tax rulings. Supporting Unions, higher min. pay wages, manufacturing, passing the Chips Act (which will support the economy in the future and is vital in keeping this country economically globally competitive in the future), having green energy companies (Solar panel mfg in GA, GE manufacturing in NY for example) they are taking the economy out of big corporate control and giving it back to the worker / consumer. Lina Khan, the head of the FTC, is making great strides with endeavor, which is why BOTH political parties and Big Corporations have been working so hard to oust her. They are hoping Trump wins and are beating the doomsday drum if Harris / Walz should win. Hope this helps you better understand the situation and gives you a bit of hope.
@@MF-qf7bs But they've been in office for four years and have put us more in debt with this war and open borders so I'm not sure if they have our best interest at heart either. Sounds good though. Do you think that they are all robbing us from both sides? It looks like the Democrats just tax everything, add more debt, and pass the bill to the next generation. Wyt? Thanks for responding too. I'm not a numbers person but videos like this make me wonder who is truly fighting for the American ppl or is it all a smokescreen from both parties.
That’s laughably untrue
@@MF-qf7bswhat a load of bs. Real average wages have increased at the same rate nearly every year for about a decade. The actual unbiased truth is that federal tax revenue doesn't really increase with different tax policies. It has remained more or less at the same relative level for a very long time. The only fix to that is to have a flat fixed rate for everyone and everything. The rate should be set to cover the federal budget. This is the only way we can hold both the government and the rich accountable.
Not sure why people don’t understand this-
No corporation has ever paid a penny in tax, ever.
The taxes are passed on to the goods/services being sold.
Only 💩 trickles down.
Your labor doesn’t trickle up, it is sucked up through a giant fire hose. The harder you work the more they get.
Without yet watching the video I bet it was the Laffer curve?
Oh actually the guy at 2:28 makes a lot of sense. What we should be doing is: not taxing all the people that work i.e. the people in the lowest income bracket, and increase taxes of the people that provide little work i.e. the people in the highest income bracket.
Actually pretty smart!
The Constitution was amended after WWI to tax income. Until that amendment was passed taxes were strictly capital gains taxes. Business was always meant to fund the expense of government the Founding Fathers never trusted corporations and didn’t much good to say about them and from my pov the Founders were right to distrust corps.
Income tax wasn't even implemented until WWI where it was supposed to be an emergency wartime measure. However it was never repealed and instead capital gains tax was repealed over time
@@sandosruleslmao I wish I read that before I commented haha
Close the stock manipulation loophole that corporations use to skirt taxes by buying back stock, which increases value of the stocks executives are paid in. Billions poured into buybacks now just imagine if that went into the economy and into increasing benefits/wages?, we’d be living in a golden era akin to the 50’s!
This is peak autism😂
That would be a great issue for MPU to cover in a video.
AGREED. END STOCK BUYBACKS. INCREASE TAX CREDITS FOR INVESTING IN SMALL BUSINESSES (not the 500 employee that the IRS defines small as)
The 1950s where only that way because most of the world was rebuilding from world War 2 and the usa had virtually no competition. People also struggled allt back then too.
Stock buybacks used to be illegal !
It's amazing how these people think we can have a country and not pay into it. Stupid.
What's more amazingly stupid is how many people come to yt comment section to give "expert" financial advice 😂
@@eddiebrock7024 ?
@@eddiebrock7024 what?
Reagan said when talking about the defecit " with our trickle down economics give us a year 2 tops and there won't be any defecit " and what happened it doubled and more the entire time he was in office
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
wealth inequality means INFLATION
exactly!
No. Its not wealth inequality...
This video should be required viewing in all high schools in America...
Sure. So they can critique it where its wrong. And right. Which its wrong more than right but whatever. I like your idea.
Downhill started in 1980. Thanks to Milton Friedman, Art laffer, dick Cheney, Donald Rumsfeld and Jack Welch
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
INSIDE TRADING
Greed will be your downfall. Markets are unreliable. Financial Statements are falsified and unreliable. Millioniares aren't becoming millionaires by investing. They do it by insider trading, stock manipulation, price fixing, false advertising, paying courts to rule in their favor. You want an approach to make over $400K? Takes money to make money. That's how it works.
Instead of passing on the savings, my company told me I was “lucky to even have a job”.
Anyone else suddenly having an urge for French fries and French toast? Also start investing in the heavy metal sheeting, lumber, and rope industries
What why? I don’t understand
little debbies
@@ishanator3819French revolution
@ishanator3819 I assume it's because of the French Revolution and because Guillotines use lumber, a wide metal blade, and rope to function. It's a subtle, semi-ironic call to Revolution.
LOVE IT!!! Tres Bien! Merci beaucoup!!!!
Anyone pickup on the fact that Reagan and Trump both misrepresented the goals as good for everyone, while it has only increased the wealth of the wealthiest?
Vote Democratic for progress, or vote Republican if you like job cuts and richer corporations.
Actually vote RFK because raising taxes isn’t the answer eliminating tax loopholes is.
A vote for RFK is a vote for tRump !
@@preeyakumari-i2q???
I mean I am suffering under the democratic regime and it is this regime that is causing this right now. RFK Jr baby.
Every president since the last two years of the Carter administration has been more or less a republican supporter of big business. Every dem has been a 'corporate centrist.' Basically another elitist republican. Reagan was the antichrist.
Those who own 90% of the wealth pay less than 50% of the taxes.
How about we bring that number down! Which one you ask? The second one of course!
Obviously the ones who own 10% of the wealth should pay even more than just 50-60% of taxes!
This is actually false. 75%-85% of all taxes are paid by rich people. Depending on where you draw the rich line. Your contribution is hardly worth mentioning.
This figure comes from a democratic websit ;). Its also public info you can go calculate.
Huh, turns out taxation really IS theft, eh? Just not the way libertarians think.
Before Reagan, my father's income supported NINE Children, his wife didn't work. Try THAT today after 40 years of supporting 2 types of freeloaders -> 0:45
I don't have enough thumbs to thank you for this video. I've already added it to my.... and THANK YOU for the Bedtime for Bonzo reference. I have that on DVD.
I was a fan of Reagan when he was elected , MSM urged me to do that ( hey, who owns them -> 0:45 ) I HATED Reagan before he left office, only paying close attention to what Reagan was doing plus some alternate media (including Playboy Magazine) helped with THAT.
Jokes on them, i already have no money.
Then you'll be their work slave.
Well.. change that.
@pdxmusl1510 Engineer flying saucers. Go on
Make flying cars
Problem with the party system is it’s so easy to cater to the rich with policy it comes down to someone who is good for the rich or good for the govt and nothing really between
UA-cam keeps recommending videos from this channel to me every so often. And every time I watch one of those videos, I feel insanely infuriated. That is until I remember that none of this affects me because I don't live in the US and my own country's policies are not that biased and unfair.
Which country do you live in then please? I'm in NZ
😂😂
Yeah. I usually get infuriated because the majority of what they discuss can be disproved with 6th grade math. This channel is garbage. Its not worth getting worked up over.
The funny thing is there is a not insignificant portion of poor and working class people that have an issue with raising taxes. This what happens when you cut funding to education.
The laffer curve makes some sense, obv, but of course, it's a false dilemma or a strawman. You raise tax rates *at higher income brackets*, and the outcome is, there is no point to paying a CEO more because it just goes to the gov. So you force the corps to actually pay out that to everyone else.
It in fact makes no sense, because it's based entirely off of wrong assumptions. The rich, as per usual, have no idea how people work.
Bingo! It's incredible how many Americans have zero idea how progressive tax brackets work.
Nope - They would become shareholders, the company would have no CEO just a board and their salaries are shares which isn't income yet but it is collateral for all kinds of other investments...
Vote in November!💙💙💙
National sales tax and tariffs are the only way. No exemptions. No deductions. Nice and simple. Keeps everyone grounded to federal spending as well.
How about this?
It could work if everyone incorporated themselves, so thst, no one paid taxes. You would be a corporation. And you would be an employee at your corporation. Your house, your car, your cellphone, your clothes, everything would be corporate property. Your electricity bill and you gasoline bill would be corporate expenses. You live in "your" house as an overnight watchman/wstchwoman. The corporation would provide meals as an exempted employee benefit. If you pulled a salary, just enough to live and have minimal entertainment, that would be another corporate expense. If your corporate experiences are big enough, maybe your corporation could get a hefty tax rebate. I do not have a clue where the money for rebates would come from. 😅
Interesting. We should definitely be able to deduct the same expenses that corporations do.
That would be tax fraud.
Easier said than done pal. Look up the requirements on registering as an S-Corp. If you can't prove that you generate 20-50k monthly forget about it
I heard sports athletes do this, their multi-million salary goes to a corporation to provide for the care, housing and feeding of its chief asset.
Yeahhh… let an economist talk about this instead.
But the Wealthy don't spend their money and that is what is required to stimulate the economy. Even the ancient Sumerians knew that!
The ridiculous notion that a corporate tax cut will create jobs makes no sense. You'd have to believe that if a business owner needs 10 employees, to run his business, that with a tax cut he will hire a few more workers he doesn't need out of the goodness of his heart. How does that make sense?
You pay the corporate tax. The company has to make profit and taxes are a cost. Increasing corporate taxes increases your costs. Now yes. Some companies probably have a high profit margin they can absorb this so it's not an exact account. But... one thing is sure. Raising taxes will NEVER lower prices. Except in situations where companies are forced to move manufacturing off shore.
If prices are lower. You buy more. If you buy more. They may need more employees. If there's a worker shortage. This drives wage increases.
This is the idea behind this. Does it work perfectly? No. But again... you cannot tax someone to prosperity. Thats not a thing. Idk what the correct tax rates should be. And im sure theres some flexibility here where subtile changes don't have an obvious effect.
But screaming about raising corporate taxes while simultaneously screaming about barely affording anything is complete nonsense.
I don't buy Microsoft. Because I disagree with there business practices and profiteering. Thats the proper response if you don't like something. Don't buy it.
You recognize "voodoo economics" when you see it lol
Just last week More Perfect Union videos showed up in my you tube feed. They are excellent. I have been watching one after another. Thank you for such good information. ❤😊❤
Most of there info is false garbage that can easily be shown incorrect if you take five minutes and do the 6th grade math behind it.
This video needs more views.
*You own nothing and are happy!*
More like we own everything, you wont own anything, and too bad!
Why tax corporations at all. After all a corporation is just a building with a name on it.Taxes are for people to pay, not a building.
Really you are paying all the taxes. Corporations need to make a profit and therefore your cost is on average higher than fees. Tax is a fee. So sales tax. Corporate taxes. Its all effectively paid by whoever spends the money. Its just that Corporations are easier to be the vehicle for that taxation.
Because they generate revenue and have an income, and if we didn't tax them then money would have an *even bigger* role in politics, which seems like something even Republicans at least pretend to dislike
It's the Ultra Wealthy and Massive Corporations vs the rest of humanity on planet Earth
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
'Sharon Ann Meny' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
Damn dude, how did you grow $240k? Very few people I know have that much they can actually save cause they're not making that.
much of the problem with the status quo is the level of corruption in gov’t, and the ability of lobbyists to ensure that this corruption remains rampant
Eliminate income tax. It was never supposed to be permanent. It was only supposed to last through the war, but they never ended it. We still had roads, police, firemen, etc BEFORE the income tax, we will do just fine without it.
Taxes are not for corporations they are for the end user of the money, everyone who works and gets paid money pays taxes not the company itself
The TCJA killed tax deductions for the middle class. They increased the standard deduction, but that didn’t offset the deductions they eliminated. It was a horrible deal for millions of middle class Americans.
It's pointless to make arguments for who to **not** vote for, because there's not a single argument to be made for who to vote for anyways.
And it's not like who we vote for actually matters, we all know the federal government supports election fraud.
That's the truth.
😂😂
Get ready for the *ORANGE Man* after Nov5th
I am sure there are many arguments depending on what issue you are talking about. But in any case this isn't a political ad, we are just discussing an issue.
@@johnpoole3871 The video spends almost 10 minutes, between 5:42 to 13:12 focusing on a single candidate, and then ends with a dire warning about how things will get worse if they get in again.
Like, if you guys want to discuss an issue and NOT sound like you're making an ad for one of the corporate political parties, than you don't do something as silly as pretending that only one man is the problem, and then imply that if he's prevented from getting the win, and hence the other team gets the win, that the problem goes away.
I just cannot take anyone who engages in this team sports nonsense, seriously anymore. Like, if you're not convinced the whole system is corrupt, and that it doesn't matter who you "vote" for, because all of them serve the same elites, than you're not here for a discussion, you're here to cheer on your team and delude yourself in the fiction of clever marketing campaigns and single issues.
So if this video wanted to actually cut down to the truth of the actual issue, we should have seen a clips montage of every single candidate since FDR, and examined how both parties have continued to advance the exact same corporate agenda. We should have discussed how the entire thesis of this video actually stems from the one huge mistake no one is talking about: defining corporations as "people" and granting them the same "human rights" as us, which happened ages ago and which not a single political party will ever change or even talk about.
And as far as single issues go: these modern corporate parties learned, quite some time ago, to use single issues to manipulate us. Take gay rights, for example, which is an issue that directly affects me. Lots of people continue to vote for the one party, because of this issue, out of some misguided belief that this party cares about them and wants to protect them. Yet, nothing could be further from the truth.
Like with a Woman's right to choose, the party constantly proves how little they actually care about the issue of gay rights, because the moment they won the gay vote, by taking a lot of credit for things they didn't actually do, they decided to just leave it purposely dangling precariously within reach of those who would snatch it from us, rather than fight to codify it into permanent law, where it's untouchable... And why do they do that? Because as long as it could be lost at any minute due to the whims of the other party, they can keep ripping off our barely healed scabs and drag us back to the same issue, over and over again, where they can make their thinly veiled threats; that as long as we ignore every other trash thing they do and vote blindly on this single issue, than we can keep the temporary "rights" they so graciously have given us permission to have (as long as we're loyal to them).
It's the same with the issue of this video as well. That party will say the right things, and even perform temporary acts they can claim credit for (like the nonsense claim about "ending child poverty". What a joke!), but at the end of the day, both parties will always come back to serving Verizon and its owners, not you or I.