To think that 100k is what he considers 'poor'. He is so blind that he can't even *see* poverty existing.

The fact that he can donate millions to a political party to change laws so that he has the advantage in the game of life is a good argument against his theory that billionaires live the same way the middle class does

Hes a sociopath

I have no problem at all with a public school teacher making 117,000 a year. They deserve every penny and are the back bone of our future

Yeah, when one can buy a cop, a judge, a senator, or a President, any claims to being "regular folks" can safely be dismissed as an idiotic utterance.

I went through a college libertarian / Ayn Rand phase where I believed that billionaires deserved their wealth by making goods and services that made the world better. I grew out of that when I realized that Billionaire's like Jeff Yass don't actually make the world a better place, they make wealth by gambling on the rest of the economy

My food stamps got cut off cause I made over $1504 for the month. Meanwhile, all my bills are 1 month behind, I paid my rent 3 weeks late. But yeah, everyone is living the same as a billionaire.

Most billionaires are pretty awful but he's so despicable even they think he's awful.

"No ones hungry, no ones cold, everyone has basic health insurance"... Literally none of that is reflected by reality. Millions skip meals, millions are homeless and millions have medical debt that is bankrupting them. And this is ever growing in number. I was homeless for nearly five years because the government didn't do anything to help me. I went hungry everyday, lost so much weight i was unrecognizable. When i finally gained weight it was because i was eating dollar tree food...

"No one is hungry or cold." Umm... Homelessness is at its highest rate since the great depression. I see homeless everywhere now in places where I didn't used to see them.

Over 80% of Americans make less than $100,000 per year; 37% of US households make $100,000 combined household income. 12% of US working people make less than $15,000 per year, or, below the poverty level--- which is set too low, considering the cost of living.

Jeff, the type of dude to never have worked a real job, got lucky then making it hard for everyone else

Wow that guy is the definition of out of touch...

The only path to being a billionaire is on the backs of other people that worked harder than you.

I'm a military spouse to a career service member. He is on year 16 outta 20. Our income is about 50k a year, gross not net. His retirement is funded by a portion of his income being differed, about 5k a year, knocks us down to 45k. Taxes range from 800$ to 1200$ annually, and our return is usually 600$ or less. We live paycheck to paycheck, and are forced to move every 3 years, cutting off friendships and support networks. We've had to break rental agreements because a debt spiral began where we were broke after every rent payment, and had to be ordered to live on base to break the lease and not get fined 3x our monthly rent. We've gone hungry. We've spent nights without heat. We've had to sit down and carefully decide what order and dates to pay bills on so we can still get groceries. Technically we have healthcare, but dental is not included for enlisted folks- you gotta pay an annual fee to activate the dental plan and there's substantial copay and limits that make it barely any help at all. If someone gives their whole ass life to the state, they should be living easier than the do nothing executive class.

Billionares gambling on trades that directly affect peoples livlihoods and moralizing the social decay as a good thing is just peak libertarianism.

He'll find out when the poor literally start eating the rich.

Make this illegal so people can't hoard all the wealth and control the market. He basically is the market.

I keep hearing very well researched, intelligent people say, “I’m not trying to sound like a conspiracy theorist” a lot lately. Y’all need to stop saying that. IT IS A CONSPIRACY. Call it what IT IS. They are CONSPIRING against us, for their gain!!

That dude is so disconnected from reality it is insane.

This guy is the dictionary definition of the word "dirtbag"

No one is cold or hungry in America? Take all his money, throw him in prison and give the money to help the homeless.

When people hear Sociopath or Psychopath...they usually imagine a killer or murderer but in reality that percentage is extremely small, the reality is that the vast....VAST majority of sociopaths or psychopaths are in the business world as CEOs and Managers, as police officers, as politicians. They have no empathy, no shame, no guilt. They believe they are the best at everything and the smartest in the world.

Some of these billionaires have serial killers mentality

15 seconds in, and I just know this guy couldn't survive even against a tabe of middle schoolers. He gives off "getting shoved in a locker" vibes

He described people making $100,000 as the "poor" people.

He only pays 19% in income tax?!?! What?!?!

Completely ignoring the people doing 2 or 3 temp jobs with no benefits to barely survive, and all of the bankruptcy other than rich scammers like Trump.

$100,000 a year is poor people to this guy. While it's not even middle class anymore, thats crazy. Lets call it what it is, bribery, not donations

Odd how “trader” and “traitor” sound so similar

Jail. put him in jail.

Now I see why the tax code is so complicated. It's not so much to save "you" money. It's to "save" THEM money.

He acts like a pissed off neighbor in an HOA.

I've heard of a lot of shady billionaires. This guy is on a different level.

Will never not laugh when someone says with a straight face, in a highly serious context, "YAAAAAAASSSSS."

People wouldn't donate money to campaigns if it didn't have an influence over the results. But they do, therefore it does. Which means our country is not a democracy, it is not controlled by democracy, it is controlled by money.

All workers should eat from dumpster….. So Jeff can vacation in space

we should pay teachers more not less

These types see homeless people who they made by raising rent as less than human

He's like..life is as it should be as long as it is in my favor. He wants to have his cake and eat it too and eat everybody else's cake if he so chooses.

Maybe it's time to tax all stock income the same, regardless if it's short term gain or long term? Who knows, maybe it'd become an incentive to make companies grow a bit slower but healthier in the long run. Instead of going and exploding like a firework -_-

Rich people seriously seem to lose touch with reality. 🍽️

How come this guy is able to just walk around in the society the he's screwing over?

Note that for him the people making $100k are "the poor". This is because the ones making less than that aren't people to him.

I often argue that we should direct our anger towards companies instead of rich people but I got to be honest.. I was genuinely screaming F*** *** listening to this guy.

If it's true that billionaires live the same as middle class folks then they should have no reason to argue against us taking their wealth back and distributing it. If we all live the same, then let's get rid of money already.

He only bets with OTHER PEOPLES' money I'm "betting" that half billion he lost during the crash wasn't his

If that were true then he could just donate all but 100k of his wealth. He makes more than 100k in a yearly salary, right? His quality of life won't change much. What's the harm in paying your fair share of taxes, if all that additional income doesn't really change much anyway?

Disgusting billionaires. You want to be that wealthy fine that's the system we've built But don't try to pretend like you're a good guy, like what you're doing helps anyone but yourself.

I mean, that is kinda brilliant to exploit the difference in taxes between long and short term capital gains and losses. They should definitely close that loophole.

The stock market was designed to crowd fund new ideas and companies with the ability to create new services and products that benefit the community. Now it has been turned into a hub for gambling. The fact that you can buy and sell in the same day is crazy. There's no investment.

This channel is really just calling it out I love it

Modern day equivalent of "Let them eat cakes", only difference instead of guillotined, he's given tax breaks.

Most "financial educators" will fight you tooth and nail if you make the *CORRECT* connection between trading in the stock markets and gambling.

adding the song from the final scene in oceans 11 was a nice touch. this is highway robbery at level 9999

I'm hungry he's wrong

0:37 I, Mr. Yass, am hungry as hell rn but food costs spare finances that most people don't readily have access to. Someone's hungry. Someone's cold. I'm fortunate enough to be warm; I can get food but not all are so fortunate. What an uncommonly unaware individual.

At the end, he says "the only difference between rich and poor is that rich people have jobs they like, and poor people have jobs they don't like." That's a little true, but he leaves out the part that the rich people with the jobs they like are making the other jobs worse and worse for the poor. And maybe they even enjoy making it worse for poor people.

"It's a banana. How much could it cost? Ten dollars?"

John Steinbeck wrote: The European poor regard themselves as an oppressed class. The American poor regard themselves as temporarily embarrassed millionnaires.

"For a wealthy person, losses are incredibly valuable. Losses are something you can use to offset gains into much more lucrative gains that are taxed at a lower rate." So much for the "efficiency of the markets." LOL Hopefully, more reports such as these will break folks from Friedman's spell.

Just one more billionaire to put on the menu.

"no one's hungry and no one's cold." - man who has no clue wtf he's talking about

I'M OLD but not an unenlightened boomer. Gen X. 🎉😊 So glad you guys are here - "More Perfect Union" indeed. Educating me and my adult kids about the BS we don’t hear about in mainstream media. Thank you. Shared, subscribed, and thumbs up 👍 excellent reporting.

Damn…l really do live in a sithole country. No one is hungry and cold in America. 🥺😭

despite his name being yass, he is not slaying.

Honestly billionaires should be required by law to live for a year without their assets.

He’s right, there is no difference between somebody making $100,000 and a billionaire. I also donate millions of dollars to political campaigns., At least in my mind.

Hold up...did that guy just say that someone making 100k a year is poor?

No one is hungry, no one is cold, everyone has all the stuff they need what the actual fuck am I hearing 😂😂🤢🤮

It always irks me when someone whose so rich that they'll literally never worry about bills getting paid or someone in their family going without. Irks me a lot. These people have absolutely no clue what the average American goes through weekly. 100k (snort), good thing they didn't go for the bulk of American's, 'cause 'most' of us don't come close to 100k. Ever.

This is no surprise to me but I grew up around unions and joined one this is what these people always done you should watch pbs documentary the gilded Age

"We both work in the blood diamond industry. We're the same!"... Wait, was that Ghislaine Maxwell on that motorcycle with him?

when the levy breaks, they need to go after him first...

He’s out of touch with his fellow citizens. He hasn’t struggled in so long, assuming he ever did, he’s disconnected from the harsh living conditions everyday Americans experience daily. I’ve met many wealthy people in my time, and they state similar things as this man. If he spent some time with the downtrodden, his attitude *may* change.

One wonder why he doesn't simply change places with some working stiff in New York City making $100K a year (given NYC rents and other cost of living) for the rest of his life. Since they're both the same.

100k a year is literally paycheck to paycheck on the west and eat coasts .

Jeff Yass should live every moment of his life in fear

That garbage sounds like the modern equivalent off "let them eat cake" and we know how that ended

I lost my health insurance this month because I made $1700 in a month (living in one of the most expensive places in California), which is _over_ the limit. Oddly, my income hasn't changed for 5 years, it's just that the regulations were changed in the mad rush by the capitalist class to take advantage of the covid regulatory shakeups. Now I make poverty wages AND have no insurance.

Jeff Yass shouldn't be allowed to have a quiet moment in public. No billionaire should be allowed a single moment of peace, ever.

8:10 That's one of the many reasons why all capital gains should be taxed at the same rate. Along with the fact that short-term trading makes markets more efficient.

People sleeping in their cars, or on the street....people can't get health care or dental care, while corporations price gouge to their Hearts content...no problem

The difference between someone making the average wage, more like $50,000 a year is they don't have $46,000 to donate anywhere. They are not able to influence politics.

"According to the U.S. Bureau of Labor, the average U.S. annual salary in Q4 of 2023 was $59,384" $1,000,000,000 (1 billion) is equal to 16839.55 times the "average US salary". 16,840 years to earn a billion dollars. Wealth inequality. End of conversation.

Thr thing is too many ordinary people agree with Yass. They think they are billionaires in waiting. What they don't realise or admit to themselves they have more chance of winning the lottery than becoming a billionaire.

Can you guys do a video about all the Indeed and LinkedIn ghost jobs postings?

SOLUTION: the CAPITALIST WORKERS PARTY if you have a job you're already a member! The poor (I.e. making under $100,000) must UNITE! Forget liberal and conservative; Forget race and nationality. You are all in the same big SUCKER boat. Your interests are ALL THE SAME! Your solution is obvious: UNITE and vote in your own Cap Worker REPRESENTATIVES! OR you can just keep being separate boneheads.

Stuff like this makes people want to turn into the Joker.

"No ones hungry, no one's cold" _eyes growing homeless population_ Yup, guess they have everything they need.

This guys right across the river from me and I never heard of him. Thanks for the research this is all good to know. Side note his firms in Bala Cynwyd so he doesn’t have to pay city tax but he clearly throws around the guy from Philly act what a chode

Big shocker. Someone making hundreds of millions a year and never have been without money, telling everyone else not making hundreds of millions a year that “we’re in the same boat.” Your boat a super luxury yacht with golden parachute. Everyone else is in a leaky dingy with a battleship anchor deployed trying to get to shore.

I appreciate how you tied the Ocean's 11 references in throughout the video to emphasis the reach of the heist.😎

I still oppose the TikTok ban 100%, but Yaas still another terrible billionaire and proof that we need to improve funding for the IRS and close tax loopholes.

It's the have-nots vs the have yachts.

Does being too rich cause brain damage? Do these guys actually believe all the shit they say about the working class, the poor, and the rich?

19%? Wasn't the tax rate on the rich around 70% during the 'golden age' of the 50s/60s?

wow I can't believe a person said all of those things out loud into a microphone as if everything he said wasn't easily proven false.

Less than 200 likes as of now? So scary

If he doesn’t see the difference in lifestyle between being a billionaire and earning $100k a year, sounds like he won't mind most of his income being taxed.