Here is an Idea : Instead of taxing the rich with higher percentage, bring down the tax burden on average folks lower. If Capital gain tax is 20% and Income tax is 37%, then ask for income tax to be lowered to 20%. Someone paying more doesn't make you pay any less. Politicians have fooled people to this false rhetoric that Rich people are taking other people's money. Politicians are basically playing divide and rule policy with people. Today you pay 37% and rich pay 20% . Tomorrow both of you will pay 37%. The day after that your tax will increase to 45% and government will again vilify the rich and point to their lower tax rate. That way politicians will get stronger and stronger and people will loose their freedom bit by bit.

vox pushes covID govt narrative

The amazon CEO isn’t the richest man in the world now.

Yea but some of that data is warped. Talk to an accountant to get real numbers for your situation.

theres 1 thing have solution stop making wars the tax will just reduce itself. It sad to see you people paying taxes for someone else war like hilary did to middle east in exchange of accepting billions of dollars of bribes from other arab kings just to be a mercenary politician. BTW im from asia.

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

Impressive can you share more info?

Credits to 'Carol Vivian Constable' she has a web presence, so you can simply

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

ok

the point is, they can generate money just because they are billionaires.

But not everyone can become a billionaire.

@@vishalj27 How much money do they have? Your "billionaires"

Love how if they were worried about getting 10% of those Jobs from China Unemployment in USA would be solved

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skill set/knowledge to pull such trades off.

I agree. Based on personal experience working with an asset manager, I currently have achieved ($1m) in a well-diversified portfolio growth. It's not only about having money to buy stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

Sonya Lee Mitchell . You can easily look her up, she has years of financial market experience.

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

Financial professionals like John Desmond Heppolette often bring a wealth of knowledge and experience to the table, helping clients develop and implement sound financial strategies tailored to their specific needs and goals. It's crucial for individuals to recognize the importance of seeking expert advice, particularly when it comes to managing investments and mitigating risks....

Johndeshep934

He´s mostly on telgrams with the user above..

John Desmond Heppolette's approach is pivotal for achieving success in the realm of online commerce. His management group has showcased outstanding effectiveness, and I also value the content available on his UKposts channel...

I don't think it should be. People need to stop thinking tax disparity, and start thinking of tax as the enemy. If your neighbor pays 75% less in taxes, instead of complaining about it and voting to raise their taxes, maybe go over and ask them what they're doing differently, and mirror their actions. A reward without sacrifice especially offered by the government is never really a reward.

No one is stopping you from having brilliant ideas and starting a company

It's up to you to find out the reality and not get swept up by what's handed to you

@@vojvoda-draza because every company is successful

@@_b.4596 a lot of them are

@@vojvoda-draza most billionaires have family that are extremely wealthy and their children, as you've seen in this video, will have done nothing to earn that money apart from being born. Essentially they are hording wealth and their not being taxed appropriately. It's extremely unlikely you'll become a billionaire from a good idea this is evident in the population of billionaires in comparison to normal people. The American dream isn't real and it never was.

Unfortunately, no one understands that, I think everyone forgot what happened in 2008.

In the US, healthcare isn't even centrally run. The US spends more than other comparable countries who have national healthcare. The military wastes millions a year. Lots of tax dollars go nowhere and probably end up in the pockets of rich people.

Every single financial institution that got TARP money paid it back. They were loans not free money. The real issue was the lack of regulation not the bailouts

@@bearmugs1408 True, and to add to that, most organizations are privatized, hence the price tag on healthcare in America

stop paying taxes, they can't arrest all of us

Based

Tax cheat

@@ethanshelbyskateboarding9980 amogus

The IRS hates this one simple trick

@@wishub SuS

There are certainly many ways to earn large yields during a crisis, but it is advisable to carry out these trades with the guidance of a financial expert.

@@Victoriataylor5668 That's accurate, I've had a coach helping me for about a year, I started with less than $120,000, and I'm only $19,000 short of making a million dollars.

@@Brittany-reeds Impressive! Can you provide further details?

@@Brittany-reeds She comes off as intelligent and well-read. Thank you for sharing; I did a Google search for her name and found her webpage.

@@Brittany-reeds She comes off as intelligent and well-read. Thank you for sharing; I did a Google search for her name and found her webpage.

Explain it then

Please say how

Is it becaue she was raised to be rich?

@Q E D agreed

@@nealkandel4382 I think they are being sarcastic

Delaware loophoole

Last time I checked warren buffet is worth about $100 billion and has donated about $30 billion, and when he dies all of his wealth will go to charity as will most of the richest people in America.

@@Trystero_ You actually believe that most of the richest people will donate most of their wealth? That is truly pitiful. Sorry you're wrong, Buffett is an outlier treating wealth the way he does. Of course many very wealthy people will 'donate' large amounts of their wealth but they are very often getting something back for it too. At the very least good PR and often something tangible such as kids going to Universities that just happen to have buildings funded by 'donations'.

Technically, as far as PR goes. This is an extremely cheap form of it.

Common sense.

The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.

Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan

I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months...

@@ThomasHeintz I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor??

@@DarleneMurphy774 I started out with a commentator named “LAURA MARIE RAY.” Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.

@@ThomasHeintz Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

Hence the reason billionaires spend so much money buying politicians including Democratic party ones.

True

@@mainely8007 Someone has to write and pass the laws that allow billionaires to avoid taxes.

And also poor people allowed. Because they are voting on least important things.

Biden will ......😴

robots in future :we are worker bees

They do in Tax accounting.

The rich also need consumers or they would have replaced us all with robots long ago.

@@eployrlarisjwnqj5035 Because then 70% of people have no purpose. A robot is better than them. Then no one has any income to buy the products that the robots are making

Robots are more efficient in repetitive factory jobs and can work 24/7 so why don’t companies use them yet? They are there right?

If Warren Buffett and Elon Musk don't have to pay taxes then neither do the middle class and poor

these players often make the rules

Wrong,if the middle class and poor have to pay taxes then AUTOMATICALLY so does trash like Musk and Buffett

@@abrardaiyan4268 Musk and Bezos are criminals, THEY HAVE TO PAY TAXES LIKE EVERYONE ELSE

@@abrardaiyan4268 irrelevant,they should pay taxes like everyone else

Courage taught me: no matter how bad a crisis gets, any sound investment will eventually pay off

You are so right. I know because my advisor is able to find so many good plays. My portfolio literally went from $300k to $1.1m last year (not counting withdrawals I made) all really exciting. I guess it’s the experience and better judgement.

please who is your advisor

@@dannyvera8475 My advisor is PRISCILLA DIANE AIVAZIAN I found her on a BBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care about supervision. I follow her trade pattern and haven’t regretted doing so

@@veramonique1724 Access to good information is what we investors need to progress financially and generally in life. here's a good one and I am grateful.

:(

Walmart:” we pay $12 an hour!” After taxed: $8 an hour. Ok I quit

Put it into crypto

There is absolutely no reason whatsoever for anyone making $12 an hour to pay any taxes.

Ever since I got my first paycheck for a job that pays $15 an hour I was like "why tf am I working here now..." I can't get an Xbox at this rate

It’s the biggest way

Here is an Idea : Instead of taxing the rich with higher percentage, bring down the tax burden on average folks lower. If Capital gain tax is 20% and Income tax is 37%, then ask for income tax to be lowered to 20%. Someone paying more doesn't make you pay any less. Politicians have fooled people to this false rhetoric that Rich people are taking other people's money. Politicians are basically playing divide and rule policy with people. Today you pay 37% and rich pay 20% . Tomorrow both of you will pay 37%. The day after that your tax will increase to 45% and government will again vilify the rich and point to their lower tax rate. That way politicians will get stronger and stronger and people will loose their freedom bit by bit. . I will end my comment with a quote from a wise man named Alexis de Tocquevile : "The American republic will endure until the day Congress realises that they can bribe the people with people's own money."

@@thinkbank8709 but that won’t work… 50% of federal income comes from personal income tax. Reducing the personal income tax rate would significantly effect the budget

They don’t tho

@@ragingdiabetic raising cap gains to 40% would raise 1/2 the amount the military spends in 1 year to 10 years of times. And the aftermath of doing that will be terrible. There is a lot more harm than good.

I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

@@marcelrobert9569 I lost over $9000 this week, which is money I'm putting aside for retirement ; who is this individual that advises you?

@@charlotteflair1043 Yes,My advisor is Julie Anne Hoover is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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..

@@marcelrobert9569 Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.

Invest in high yield dividend stocks. start the earlier t he better

The worst part is that the government officials whose job it is to regulate them are also in their pockets. The wealthy have outsized control over political decision because they are big political donors. And even the most honest politician and/or political party needs money to finance their campaigns and win. Getting money out of politics or at the very least being more transparent could help to finally see actual change and close the wealth gap. It is in any countries best interest that the middle class be healthy and large.

You know what they say. "Don't hate the player, hate the game."

making fun of the system that they are benefiting from. Adding insult to injury

@@1LuvMLPFiM and who tf u think made the game ?

@@1LuvMLPFiM Except the players are making up the game as they go.

it's meaningless; it does nothing. if he instead put money on progressive/left leaning candidates who want to tax the rich, he might actually make a change in the world with his money.

dont bite the hand that feeds you, they say

Tax and catch don’t really sound the same

Not a pun. More a play on words.

I don’t think you know what a pun is

Right, I love how they put the 37% tax figure above the photo of the secretary lol. Cool, a secretary pulling multiple millions a year 😂. Most REAL secretaries are probably paying like 10% tax.

@@ultrastoat329810% is still alot of someone’s income. While they’re able to avoid paying billions

Lucky you. I pay 80% marginal tax.

@Fred Howard That sounds great and how do i connect with her ?

@Fred Howard Okay i just found her website and left a message for her. thanks.

Just sell cocaine double or triple your money if you get caught you get free housing and food maybe a new lover not by choice

But if you don’t liquidize, you risk your stocks becoming worthless. Essentially all the billionaires net worths are money they don’t actually have in hand yet. It’s 99% stocks, so they don’t pay taxes until sell. This seems logical to me, guess I’m the only one.

“Liquidate”

@@tightywhitey9779 Once you are rich enough, liquidity is really not an issue, assets are more important. That is why CEO choose to get payed in stocks not salary. For example, Bill Gates is now the biggest land owner in the USA. Fiat currency is only meaningful when you are poor, the real money is assets.

@@NizarElZarif couldn’t be more right. To me owning assets and having a pocket change in my bank is more important than having billions in fiat paper, think this way Currency can just be as worthless as a bankrupt company if inflation is abused or an undesirable event occurs, your assets can always be sold in the current market value not the value of the over inflated currency. Make the right choice invest only in low risk assets

@@NizarElZarif Stocks aren't even real money at all.

So then how do they have the money to spend on stuff if it’s all in stocks

@@Cashcash69 What?

@@Cashcash69 Because they can get ultra low interest rate loans to use as living expenses. They don't really need much proof of income. There's a saying that banks only loan money to people who don't need money. It is 100% accurate.

@@dailyrant4068 so then how do they pay back the bank

@@Cashcash69 You don't know much about the stock market, do you?

This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down

Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

The best course of action if you lack ma-rket knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a con-sultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

Fantastic! Can you share more details?

I'm definitely gonna check her out. Do yo have any idea if she manages a family fund?

Offshore tax havens are for hiding company profits or dark money. This video is about individuals who don't even need tax havens.

There's a documentary floating around youtube that shows how Big4 consulting firms (specifically KPMG) uses tax havens to shift taxable income to tax havens.

you won't ever hear about it on VOX. That's how most people that invested in Vox get their tax evaded

Worked for a Big 4 in tax consulting. Cyprus, Dubai, Holland, Caribbean. That’s the combo at the moment. You move the dolla around in a specific order through two/three companies and foundations and that’s it.

Same. Was also waiting for something similar.

As it should be

@@OctogonOxygen024816 Why? You support modern neo-feudalism?

it should be that way, those in executive board achieved their status through hard work and education, meanwhile the 'working class' is usually uneducated workforce that will be shortly replaced by robots anyway

@@trader2137 anarcho-capitalists Bottom text

You do realize you could put your own money into their stock to their stock cause if their stock goes up then you win new win it's not their fault you didn't put money in

No just for playing the game wrong. If you are a stay-at-home mother you don't have to hey annual earned income taxes

No, you just voted for social based governments that need your money to do stuff.

No, a punishment for not thinking and acting in the best possible way. The rich not being taxed as much is a good incentive for finding ways to get there

​@@masked_motivation_ actually they pay about 30-40% of the total tax paid by the entire population even at extremely low rates because their income is so high.

To put it in perspective, if you live in the USA you probably already have more wealth than most people in the world. If your family income is $10,000 a year, you are wealthier than 84 percent of the world. If it's $50,000 or more a year, you make more than 99 percent of the world.

This.

Not really, the people you vote for get paid by the 1% to keep these laws. Thats one of the reasons people wanted Trump.

Lol i love how this reason, is same problem in any other country

@@TheFrankybody Wait are you saying Trump isn't one of the 1%??

Then don't vote for them.

COME ON JEFFREY, GET 'EM

This is underated.

YES

JEFFREY, JEFFERY BEZOSSS

ე ყ კ 📞🎹📯

As a newbie, about to invest you most have four things in mind. 1 have long time mindset 2 be willing to take risk 3 be careful on Money usage, if you are not spending to earn back then stop spending 4 never claimed to know -Ask question, it's the best you work with a financial advisor.. like Martinez Amend, he is good on what he knows how to do best.

Hit $200k today. Thanks you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in October 2023

Most rich people stay rich by spending like poor and investing without season, and most poor people spending like rich yet not investing like the rich, but impressing them.

You're absolutely right, and that's a beautiful mindset you've got there I never thought of it this way before.

He's in Inceland, Mr Martinez Amend Carrie's out both orientation and mentorship potential he's performing wonder's

@@Outstanding_Gal the American system kind of is. But why poor people continue to be poor is because that’s the only conclusion they make from this video. There is absolutely nothing stopping them from investing and buying stocks too.

@@Outstanding_Gal a reason why so many people in Australia retire as millionaires is because we have a system called superannuation, where the government forces you to invest a part of your income for your retirement. Even my mum on minimum wage and only coming to Australia for 8 years will retire with atleast a quarter million in cash and over a million in assets.

@@Flappybirdys they dont teach this at school. Poor people wont get that education government dont want people to know

✝️✝️✝️✝️✝️✝️✝️

@@Ninja-gt3zi A smarter population is a better population they have no reason to not provide education

Does your grandad own lots of stock 🧐🧐🧐

@@amanraph3292 he was a furniture salesman is Toronto back in the 50s and 60s. He owned a place called Pearls furniture. He passed away about 11 years ago, and I'm 13 so I never knew him. But we still have some of his furniture in our house!

He was a bit

@@ryanpearl9435 wait, what. You're 13 and you're watching this video. Good on you, if you're already thinking about this stuff now I see a bright future ahead for you. Keep it up.

@@JJs_playground I'm 16 Just watching how they escape xD

that's why it hasn't been implemented yet because there is no solution to that problem other than paying them back

They wouldn't do a one time payment or something, they would pay taxes on their net worth every year. Same as how we treat property taxes.

six degrees of separation.

Small world

What a long longgggggggg connection 😁

You're famous!

How did it went ...? Or how it's going

Its actually really simple. Say you own stock worth 50 million. You can get a loan for say 10 million at 2-3%. Now take that and go buy something expensive which will appreciate in value, like real estate. After 2-3 years sell that house for 12-13 million. It cost about 1 million in interest, pay back the 10 million loan (11 total) and now there is another 1-2 million left over (even after paying 20% tax) which was made from not selling any stock. Use that to buy other stuff. Rinse and repeat. When tangable assets are worth so much, its very easy to make money out of nothing to live. No matter how rich you are, a load of bread costs $2. The rich can leverage their wealth without doing anything to buy that, whereas everyone else has to actually buy it.

@@stevenrburgoyne It's what normal people think what rich do. You should know that you never invest with owed money. It's the potion of absolute destruction.

@@nothingnothing3211 never invest everything with borrowed money, sure. But it's one way. Some people take the money and invest in new businesses, or go out and do other stuff with the money. I know plenty of wealthy people who use some of their portfolio and do exactly this, especially on assets like houses. Sure, the market crashes and the value goes down but guess what, it goes back up eventually. Take the 2008 crash. By 2012 house values were back to before crash numbers. Hold the asset for 5-8 years instead of 2-3. At the end, the rich still end up ahead because they have other sources/capital to cushion the blow.

@@nothingnothing3211 except, that is literally what billionaires do. They get credit lines from banks that they use to buy food cars yatchs houses etc.

@@dm2060 banks keep their assets as collateral and if you have stocks that you have been holding since ages as you made a great investment..... Who wouldn't want that

@Jamie Janny I agree with you Investment is the key to sustaining financial longevity . And not just any investment but an investment with guaranteed return .

@@alexstephanie8051 yeah investment is the key to sustaining your financial longevity but venturing into any legit investment business without proper guidance of an expert can lead to great loss too .

Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people

@@steveashley8260 Obviously talking about been successful , I know I am blessed if not I wouldn't have met someone who is as spectacular as Benson Sandra

She helped me recovered all I've lost trading by myself

But a person holding his/her stock must not be paying tax for it. If that's the case,then government should even compensate the stock holders when stocks go down

For those who make right choices, do not forget you have no guarantee that your papers wont not go down.

Nepali🇳🇵?

@@akashpanthi2917 that's why capital gains tax is low, to incentivize investing in the market despite risk.

But an ocean's water is not drinkable

Nah, the rich would create a revolving leasing/ rental model to get around that too. Also they can buy via shell companies and trusts, so they never outright buy/own anything personally.

@@conchobar they will not be taxed at the end of the year, they will be taxed while they are spending, so shell company will be taxed too, no way to avoid it.

​@@shazzadhasan3970we have it in our country (its called gst) and it's on top of the income tax. the greedy politicians need a lot of money, instead of having a new system they just append taxes to old systems

I paid 18% in federal, FICA & state taxes combined last year where I made $39.5K. It felt worse than burning it.

ok

What about Ur Expensive Healthcare ?? Why can't US make healthcare free

@@khuret1773 because a large amount of the populace doesn’t want free healthcare. They want to go bankrupt paying medical bills

Middle class people with middle class cars in middle class houses own stock. Stop treating us like we're rich: we're not.

@@mr.joesterr5359 Lol 😆

Seems fair

net worth taxes can be avoided by racking up debt

@@itstimetomakelol6650 why does it? What’s „fair“ about a game we both play in which I am better than you, for whatever reason, and then a referee comes in and Takes away half of every point I score (just think 1 vs 1 basketball) and after halftime makes it more exciting by deducting another few points just for fun. Now please explain to me how in any shape or form that is “fair”

@@daveausmunchen7787 Your money doesn't just get taken. You get something in return. It wouldn't be fair to not pay for infrastructure, healthcare etc. 50% is a lot imo, especially in a country like the US which still is a third world country in some parts. But 1% of net worth every year ain't that much if you work. $1 000 000 net worth means $10 000 in taxes at the end of the year. And maybe we could just only have this tax for people with a six figure income or a net worth of up to $25 000 000.

@@itstimetomakelol6650 Of course it just gets taken. Yes one gets infrastructure, education,… (not healthcare that at least in Germany is another thing you gotta pay) but one has already paid taxes to become worth 1.000.000. Or how do you think people earned 1 million? If it was inherited, you paid taxes, if it was earned, you paid taxes,….. and as soon as you do something with the money you pay taxes, whether it is buying a car, buying food,… Yes it might not seem a lot, but take this, I am from Munich, my neighbors house is worth about 2 million euros (which is nothing special). So my neighbor who bought the house decades ago when it was a lot cheaper would now have to pay 10.000€ annually (progressive taxation) from retirement which maybe is 50.000€ before and 30.000€ after taxes, healthcare,… They are not rich but their net worth is extraordinarily high due to real estate

Maybe that's fair, but then why does an excessive majority of capital gains go to 1% of people? The point is when you are already rich the system makes it easier for you to become richer. You cannot afford to put all your wealth in capital like a billionaire can. Capital gains should, at the very least, be taxed at the same level as income.

Yea. This whole video is really just advocating for socialism.

@@kentonwu4383 which will crash the market and thus the economy and you won't be able to put food on the table.

ok

Not really. This happens in nearly every large economy like China or the UK, financial assets are simply more valuable than income streams

Middle class people with middle class cars in middle class houses own stock. Stop treating us like we're rich: we're not.

@@robertshelton3796 Saying you own stock doesn't matter much in the face of context. Do you own a few shares that are valued at $1,000 or so? Or do you own thousands of shares worth half a mil? Because that's a _HUGE Difference_

Applicable almost everywhere.

A us cent weighs 2.5 grams A million dollars in pennies would weigh 275 us tons A billion dollars would weigh 275577 tons

@Impersonal Immigrant Math.

@Impersonal Immigrant homeless person (0$) --millionaire (1 mil$)----------------billionaire (1000 millions$)

Good, when wealth is concentrated big things can happen.

One million seconds equals about 11 days... but one billion seconds equals about 31 YEARS!

In Argentina, taxation is theft

In india, saving for tomorrow is equal to theft on today

You technically do suport society by putting your savings back into the economy, through stock market investment. How do you think corporations like Tesla can build billion dollar factories?

@@adamdanilowicz4252 if tesla supports society then public transport should be prayed to as our lord and savior

@@saricubra2867 taxation is theft everywhere

This is why billionaire activists start astroturf groups like the Tea Party and a host of other agitators. They started the right wing religion of anti-governmentalism.

The republican party in a nutshell

That's how it work

Na. Billionaires simply understand the game of capitalism. The poor don't. Like the video tell us. You don't get rich from earning a salary. You get rich by owning assets that appreciate in value.

@@michaels4123 why you called capitalism it curptionalism.

Get a

You do bro

You do, my one month old bike was parked right in front of home when it was stolen. I don't know how. But after complaint insurance payed me 80% of the cost of that bike, and I was able to purchase a new one.

8 % of Americans are millionaires following this culture ,.. despising the rich won't help but by glorifying and copying them and thier methods you'd get somewhere

@@dipanjanmondal7765 8% of Americans are millionaires? What the heck? You count credit money? 😂

Your name and your comment together makes me laugh so hard, well done.

Rotten 🍎

Why? They are simply more intelligent than the rest of the population, they deserve what they have, unlike those jealous losers who get mad about it.

yeah it's a incentive

The wealth is in stock. No one gets anything until portion of that wealth is sold. What have they done while creating more wealth? New corporations hiring more people, attempting to build latest battery technology, solar roofing, space planes and hyperloops.

that is socialist non-sense the richest places on Earth have the lowest tax rates

But the rich get less richer. To the point where there is no point in being rich. Then nobody will, be motivated to innovate an work extra hard. Everyone will just get a middle class job. Before you know it, the things that make america the richest country in the world, businesses like apple, google, facebook, amazon, and tesla, will be gone, and america will no longer be the top country in the world. Everyone should pay the same percent of tax, with no loopholes. Minimus wage workers should pay 15-30%, as well as rich. Thats the only way we can remain a capitalist country that sparks innovation, and has people from other countries wanting to come in.

@@greenlemonboy9762 we live in a society

Or rather THEY made a system that benefits them

Good and what’s wrong with that?

They made the system,ever wonder why they lobby both parties

so how can you make them pay taxes if they dont have liquid cash

And what would you like?? A socialist system like venezuela? I mean they have created equality all the citizens are equally poor

To be honest I prefer he show us the real action to solve this problem tho...

You've completely missed the moral of the story...

Good luck investing when your entire paycheck goes straight to bills.

@@andlukas we can, which we cant see is a billionarie paying 0 in taxes and a someone who get 3000$ per month paying taxes

@@jacobarmitage6115 did you also know that global poverty has halved in the last 30 years

@@marginis Then you are just living a life that is too expensive. Middle income people(im not talking about the poorest) should be able to create a hybrid income. Save money and invest the saved money wisely, then you can build up 2 sources of income and your second source will not be taxed as much as your first.

The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

That's impressive! I could really use the expertise of this advisors, my portfolio has been down bad. how can I contact them?

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

Yes I totally agree with this. I think all taxes, even sales tax and stuff, should be based on a progressive marginal tax bracket system.

@@timetimetime3985 How would that mess up the economy?

capital gains does already have tax brackets, short term follows the income tax brackets exactly and long term is a bit different but its still progressive

@@factidraw Terrible idea. If all taxes are progressive, money would lose all meaning. If I have to pay more for my groceries the more money I make, I have no incentive to make more money

@@timetimetime3985 Again a person with Roosevelt syndrome. Phew!

Exactly, this narrative they all love to push is ridiculous, you only hear when these guys get richer but I don't hear when their wealth has reduced by $20B in a day. Stocks fluctuate literally everyday

Although i'm not for such a tax proposal, you can tax capital gains according the the storage principle instead of realization principle. This means that instead of paying taxes when sell based on sell-buy difference. You pay taxes based on the wealth difference between start and end of year. so if your year-to-year growth is 10Bil$ and tax-rate is 20%, you would need to pay 2Bill$ in taxes, for that years gains forcing you to liquidate assets to pay taxes. If you then next year lose 10Bill$ you would get a 2Bill$ tax credit, such that the next 10Bill$ you make is tax free. It has the benefit that it ensures a more stable tax income for the state meaning that instead of the state receiving a lot of money at once. It also has the downside of less tax revenue compared to the realization tax principle. because you lose out on compounding interest due to being forced to sell more and more of your shares each year of growth.

@@Jechto1999 yeah that sounds messy. Its definitely tricky. I think step up in basis def needs to go tho

taxing something that doesnt exist yet is indeed tricky. a sales tax to something that hadn't been sold

@@aguspermana8643 Its not tricky at all. I bet you've heard of property taxes. The average American's greatest investment is taxed on its unrealized gains. No homeowner gets a refund when their home value dips, but they sure do get a tax bill when it rises.

I just watched that video!

When the end is knocking your door, prepare for the judgement 😆

They will avoid this video too

@@larsstougaard7097 they know all this things and still wouldn't care less. 'cause why not...

@@r0hanhs yes why not .....

@@r0hanhs Republican party in a nutshell

@popo1310023 are you a billionaire? why aren't you?

That's EXACTLY what it was.

If you get enough money just saved in stocks and avoid the government stealing from you

It is. Start investing.

Step 1: Be rich.

@@jasser1918 yeah, stealing, as in "making sure social services can be funded so that quality of life can improve"

Capitalism 😑

This is pretty un-pog of rich people 😕

Hello friends ❤️🥰 Because I'm not famous like other singers that's why no one see my music videos. Please see once and then decide ❤️ .. ✨.. ✨..., ,....

@@xinniethepooh204 😔🤘🏾

You should try it, it's pretty pog.

There’s write offs in the tax law, if you make crippling losses, you can write them off for years and years. That’s kinda how Trump didn’t pay taxes for like 20 years

@NightDocs You only pay taxes when you sell a stock… You DO NOT pay taxes on paper gains! Not a strong argument.

@@MayMaysPlace Except one of the ideas in the video is to change it so you do pay taxes on paper gains. Thankfully it will never happen there are just too many unforeseen consequences.

That's right and they know that. They're not satisfied till common citizens become slaves.

Learn the difference between realized vs unrealized gains

You do something then 🤦🏻‍♂️ See? You don't even know where to start. Just shush 🤫

@@nostro1940 , my point is that so many people with the power to change this KNOW what needs to be done, but still don’t actively do anything about it.

The EU are beginning the process. 😁👍

The fact is, Rich always finds a way to avoid the taxes. No matter what the govt will change, they will definitely find a way to tackle it.

@@BoopMeHard "so many people". Its the congressmans & senators. Its politics. Go ahead and run for a seat & try to change the system. My point is that you make it sound so easy but its simply because you don't even get near of having a clue on how hard it is to change laws. Trump wanted $20 billion to build a wall and everyone was saying it was too much money, and he didn't finish the wall like he wanted.. 4 years later, the Fed prints that number daily

Hey

@@president2887 Hey

Hey

Hey

Heeeyyyy

Socialism policy makes life unaffordable... In Australia lower class tax 40% .. this isn't just income tax

Larger war chest?

it will go to military and bullying other countries

@@gamers-xh3uc if America hits 1 trillion in ""defense"" spending you know the international community bouta be mighty questioning about it

Paying off the massive $28 trillion in debt?

@@gamers-xh3uc paying debt maybe

Or, invest all your wealth in stocks.

Were it so easy. There's oft a goods and services tax for everything you buy, and if it's imported, there's oft an import tariff somewhere too. Not to mention the firm/individual which you buy stuff from are also taxed directly, so they're also passing this on to the buyer/consumer, which means that you're indirectly paying for it too. And that's excluding any sin taxes and other taxes to moderate externalities on companies and individuals. Nobody can fully escape from paying taxes.

@@B_a_s_t_e_r_b_i_n_e *Quality stocks.

@Spades The Dictator I heard that they give free play time and gym too.

i'm just about there..... thanks for the tip......

If you're not who understands strategies to invest, just invest through an advisor, making good profits, avoiding taxes.

And then these people will complain about rich people still being rich. Instead of lifting themselves up, they'll bring others down

@@yayayayya4731 yes these people are jealous and ignorant

@@yayayayya4731 How can we lift ourselves up after the rich cut our arms off?

@@prime_optimus they don't. You make yourself think that.

@@yayayayya4731 The reason I think getting rich is impossible is because it is. You have to have billions to one luck or be born into money.

>at least What is he supposed to do, give up his wealth and get a job?

who?

@@fikridjojo buffet

the poor are richer though, a rising tide raises all

@@thatundeadlegacy2985 The poor are better of, but not richer. Nowadays many people can't afford a own house or even rent. Even if they work 50-60hrs.

ban companies from owning residental, ban people from owning more than 4 homes, problem solved overnight, easy.@@lexxihd5843

Stop using the word, loophole. IT IS THE TAX CODE or law. You call can use them, if you need to.

@@littleme3597 why though

@@dailylifeofamortalbeing cz it is the tax code that mentions all these ways that will incentivize u. And even a normal guy can learn these.. the US tax code is 9000 pages.. the people who become rich learn the game.. the others just compains

u do know you are being extremely anti semitic there right

@@montolonzo3836 Vince is jewish?

@@montolonzo3836 Nothing religion or discrimination based here man. He just sounds like Vince Vaughn that's all..