馃攳
The Rich Took All The Money. Only Taxes Can Take It Back. - YouTube
Channel: The Young Turks
[0]
WE KNEW THAT INCOME INEQUALITY
WAS BAD, BOTH IN AMERICA
[3]
AND AROUND THE GLOBE, BUT WE
HAVE NEW EVIDENCE THAT WE
[6]
DESPERATELY NEED TO...
[11]
NOT
THAT WE ACTUALLY HAVE THE
[15]
ABILITY TO TAX PEOPLE IN OTHER
COUNTRIES, EVEN IF THEY ARE
[19]
CORPORATIONS THAT ARE BASED
HERE.
[21]
BUT WE HAVE BAD NEWS.
[23]
JUST 62 ULTRA RICH INDIVIDUALS 帽
[26]
IF
WE
[57]
ALLOW PEOPLE TO
OUTSOURCE, WE GIVE THEM
[62]
EVERYTHING THEY WANT, THEY
WILL BECOME SO TREMENDOUSLY
[65]
WEALTHY THAT THEY WILL SHARE
THEIR WEALTH WITH THEIR
[67]
EMPLOYEES, BUT THAT IS
NOT WHAT HAPPENS.
[69]
OFTENTIMES THEY WANT THAT MONEY
OR THEY PUT IT IN THE STOCK
[73]
MARKET WHICH IS THE MAIN REASON
WHY THESE PEOPLE ARE WEALTHY.
[79]
WHAT THEY DO IS THEY SAVE A
TREMENDOUS AMOUNT OF MONEY
[81]
IN TAXES, AND THEY INVEST IT.
[88]
THEY DON'T SHARE THAT WEALTH
WITH THE REST OF SOCIETY.
[90]
IT DOESN'T WORK THAT WAY.
[92]
BECAUSE IN SOME CASES HELP
OUT SOME OF THOSE CORPORATIONS.
[96]
THE SYSTEM IS SET UP IN A WAY
THAT IF THEY DO THOSE
[100]
INVESTMENTS THEN THAT WILL LEAD
TO PEOPLE BEING HIRED MORE,
[103]
WHICH IS GOING UP, BUT THAT IS
NOT THE WAY THAT TENDS TO WORK.
[107]
THERE ARE ALL SORTS OF
INDUSTRIES THAT YOU CAN
[108]
INVEST IN THAT DON'T REALLY
END UP GOING TO ANYONE.
[112]
THERE ARE OTHERS WHERE THEY
TAKE ALL THAT MONEY AND THEN
[116]
THEY JUST SIT ON IT.
[117]
THEY GROW TECHNICALLY BUT THEY
DON'T HIRE MORE PEOPLE.
[122]
THAT IS HOW THEY CAN ENRICH
THEMSELVES WITHOUT HAVING
[124]
IT BE SPREAD AROUND AT ALL.
[126]
YOU ALREADY MENTIONED THIS,
BUT I WANT TO REITERATE
[128]
THIS IS NOT JUST ABOUT THE
UNITED STATES.
[130]
THIS IS A GLOBAL STUDY.
[134]
NONETHELESS IT IS IMPORTANT TO
POINT TO OUR OWN FAILED
[138]
POLICIES AS A MODEL THAT IS
NOT HELPFUL FOR THE MIDDLE
[143]
POSSIBLE WORKING CLASS AT ALL.
[145]
IT'S ALSO NOT GOOD FOR
THE ECONOMY.
[147]
IF YOU HAVE CREATED AN ECONOMY
WHERE MILLENNIAL'S ARE NOW
[152]
BURDENED WITH STUDENT LOAN
DEBT, AND THEY HAVE STAGNANT
[155]
WAGES TO ALSO DEAL WITH, THEN
THEY CAN BE PART OF THE
[159]
ECONOMY WHETHER IT'S THE
DOMESTIC OR GLOBAL ECONOMY.
[162]
THEY ARE NOT GOING TO BE ABLE TO
BUY HOMES, CARS, THEY WON'T
[166]
BE ABLE TO DO THE SAME THINGS
THAT GENERATIONS BEFORE
[169]
THEM WERE ABLE TO DO.
[171]
IF YOU WANT A STRONG ECONOMY OF
ALL THE WAY UP TO MOVE UP
[175]
TO THE TOP THAT YOU NEED THE
MIDDLE CLASS TO BE STRONG
[177]
ENOUGH TO ACTUALLY CONTRIBUTE
TO THE ECONOMY.
[180]
IF YOU HAVE DEMAND FOR PRODUCTS,
THEN PRODUCTS ARE NOT GOING
[183]
TO BE SOLD AT.
[184]
I THINK WE SAW THAT OVER
THE LAST 10 TO 15 YEARS.
[198]
THERE ARE PEOPLE WHO WILL SEE
THOSE NUMBERS AND THINK
[208]
THAT EVERYTHING IS WORKING FINE.
[210]
MANY OF THOSE PEOPLE ARE THE
SAME PEOPLE WHO THINK THAT
[213]
AMERICA IS OVERLY TAXED AND
OVERLY REGULATED IN TERMS
[217]
OF BUSINESSES.
[219]
EUROPE IS EVEN WORSE.
[220]
CHINA, THERE IS NO FREE
MARKET CAPITALISM.
[225]
WHERE IS ALL OF THIS
COMING FROM?
[227]
MAYBE SOUTH AMERICA IS
FAR MORE DYNAMIC?
[229]
THE IDEA THAT ALL OF THESE
HUGE REGIONS OF THE WORLD'S
[236]
LARGEST CLAMPING DOWN ON
CAPITALISM AND CRUSHING
[239]
RICH PEOPLE IS OBVIOUSLY
RIDICULOUS.
[242]
WE HAVE SEEN THAT IN JUST A
MATTER OF FIVE YEARS.
[246]
WE'RE NOT EVEN LOOKING AT 帽
WE'RE LOOKING AT A MASSIVE
[250]
UPSWING IN THEIR WEALTH AND A
MASSIVE DOWNTURN IN OURS.
[256]
THERE IT HAS CONSEQUENCES.
[266]
I KNOW FROM THE YEARS THAT I
WASTED IN GRADUATE SCHOOL
[270]
THAT IF YOU WANT TO FIND
SOMETHING THAT CAN BE AN
[273]
INDICATOR THAT POLITICAL
INSTABILITY AND REVOLUTION
[276]
IS INCUMBENT, INCOME
INEQUALITY IS THAT THING.
[279]
THE PARTS OF THE WORLD WHERE YOU
HAVE THE MOST REVOLUTIONS TEND
[284]
TO BE THOSE WERE PEOPLE LOOK AT
THEIR LOT IN LIFE, AND THEN
[287]
THEY LOOK AT THE PEOPLE IN THE
TOP AND THEN SAY IT IS NO LONGER
[290]
EVEN CONCEIVABLE THAT MYSELF OR
MY KIDS WILL REACH THAT.
[294]
IF I HAVE NO STAKE IN THE
CURRENT SYSTEM, THAT I'M
[297]
GOING TO BURN THE
SYSTEM TO THE GROUND.
[299]
YOU SEE A LITTLE BIT OF THAT
IN THE FASCIST APPEAL OF
[302]
DONALD TRUMP.
[303]
YOU ARE CERTAINLY SEEING ANOTHER
PRESS OF THE WORLD AS WELL.
[307]
THERE WAS A STUDY DONE BY
PRICE WATERHOUSE COOPER
[310]
THAT I CAN'T STOP THINKING ABOUT
BECAUSE IT MADE ME UPSET.
[314]
TO BE FAIR TO THEM, THEY WERE
NOT TRYING TO BE OVERLY
[317]
CRITICAL OF YOUNG PEOPLE.
[321]
THEY WERE TRYING TO MAKE A POINT
ABOUT HOW OUR GENERATION IS
[324]
IGNORANT WHEN IT COMES TO MONEY
BECAUSE WE ARE UNWILLING TO
[328]
INVEST OUR MONEY IN
THE STOCK MARKET.
[330]
IT BOTHERED ME BECAUSE A LOT OF
MILLENNIAL'S DON'T HAVE THE
[336]
DISPOSABLE INCOME TO PUT
INTO THE STOCK MARKET.
[339]
THIS WHOLE NOTION THAT THEY ARE
IGNORANT BECAUSE THEY ARE
[341]
NOT PUTTING THEIR MONEY IN THE
STOCK MARKET IS STUPID.
[349]
IN ADDITION TO THAT, WHENEVER
MILLENNIAL'S DO HAVE A BIT
[353]
OF INCOME DO YOU THINK THEY WILL
WANT TO TIE THAT MONEY TO A
[357]
RISKY UNDER REGULATED MARKET?
[360]
HELL NO.
[362]
I'VE TALKED ABOUT MY RETIREMENT
ACCOUNT, BUT I JUST KEEP
[369]
LOSING MONEY.
[371]
EVERY DAY I LOOK AT IT AND THIS
YEAR HAD A TERRIBLE START.
[374]
BUT YOU FEEL BETTER NOW
THAT THERE IS NO MORE RISK
[380]
THE RISK IS THAT IT WOULD
START LOSING MONEY.
[381]
NOW YOU KNOW THE RISK IS GONE.
[385]
IT IS A TREMENDOUS DISASTER.
[388]
MY QUESTION 帽
[391]
FOR THE PEOPLE WHO WANT TO GET
RID OF SOCIAL SECURITY.
[393]
FOR THE WORKING-CLASS AMERICANS
IN THE MIDDLE OF THIS
[396]
COUNTRY WHO KEEP VOTING IN FAVOR
OF THINGS LIKE TRICKLE-DOWN
[399]
ECONOMICS AT WORK AGAINST THEM,
AND THE SAME PEOPLE WHO
[402]
KEEP VOTING AGAINST THINGS LIKE
SOCIAL SECURITY OR IN FAVOR
[406]
OF POLITICIANS THAT WANT TO CUT
SOCIAL SECURITY, WHAT DO
[408]
YOU THINK IS GOING
TO HAPPEN TO YOU?
[410]
YOU ARE BARELY MAKING MONEY.
[413]
WHY WOULD YOU VOTE FOR A
POLITICIAN WHO WANTS TO
[416]
TAKE AWAY ANY TYPE OF RETIREMENT
GUARANTEE THAT THE GOVERNMENT
[420]
CAN GIVE YOU AN TIE ALL OF YOUR
SAVINGS TO A RISKY MARKET?
[427]
THE POLITICAL ELITES SET UP A
SITUATION WHEREBY IF THINGS
[432]
DON'T CHANGE, PEOPLE WHO ARE
YOUNG NOW ARE GOING TO BE
[434]
SCREWED WHEN THEY ARE OLDER.
[436]
AND FROM THE TIME YOU ARE TOO,
WHEN THE MEDIA HAS BEEN TELLING
[439]
YOU DON'T TRUST LIBERALS,
UNIONS, OR ANYONE WHO IS
[443]
WORKING TO PROTECT YOU IN THE
WAY THAT THEY AND THE
[446]
GENERATIONS THAT PRECEDED
THEM WERE PROTECTED.
[451]
THAT IS A TERRIBLE SITUATION.
[453]
THE GOOD SIDE IS THAT ALTHOUGH
DONALD TRUMP IS DOING WELL,
[457]
WHEN YOU LOOK AT YOUNG VOTERS,
WHO ARE THEY SUPPORTING?
[460]
BERNIE SANDERS.
[462]
ALL OF THAT FUCKING PROPAGANDA
HAS APPARENTLY NOT WORKED
[465]
ON THEM.
[467]
THEY UNDERSTAND CHANGES NEEDED.
[469]
THE REASON WHY IS BECAUSE
EVEN THOUGH OUR GENERATION
[473]
CONTINUOUSLY GETS CRITICIZED IN
THE MAINSTREAM MEDIA, WE
[479]
ARE MORE EDUCATED THAN
GENERATIONS BEFORE US.
[482]
I AM NOT SAYING THAT TO LOOK
DOWN AT PEOPLE THAT ARE
[485]
OLDER, I AM SAYING IT BECAUSE
WE HAVE RESOURCES THAT
[487]
GENERATIONS BEFORE US
DID NOT HAVE.
[489]
WE GREW UP WITH THE INTERNET, WE
HAVE MULTIPLE NEWS SOURCES
[492]
THAT WE CAN GO TO.
[494]
WE ARE WAY MORE EDUCATED
THAN PEOPLE REALIZE.
[498]
I LOVE THAT ABOUT THE
YOUNG GENERATION.
[500]
ANY TIME YOU READ A STUPID
STUDY FROM SOME ORGANIZATION
[503]
CLAIMING THAT WE ARE IGNORANT
BECAUSE WE'RE NOT PUTTING
[505]
HIM IN THE STOCK
MARKET, FUCK THEM.
[508]
BY THE WAY, DO NOT
YOUR MONEY IN AN IRA.
[513]
IF YOU CAN SAVE AND MONEY AND
INVEST IN PROPERTY FOR RENTALS.
Most Recent Videos:
You can go back to the homepage right here: Homepage