EVERY New Young Billionaire Is Nepo Baby 

It’s worse now.

@@afridgetoofar1818Seems about the same to me. There’s just more of them because of how much money we’ve printed in the past 5 years.

Addicts breeding more addicts. Enough will never be enough for these humans.

Is actually worse now🤦🏽‍♀️

@@baore2422Is worse! At least the old ones if you worked for them. You had great benefits and a middle class life. Yeah they were racist but in your face! Now they are pro diversity,not racist and pro this and that!! Behind your back they are just as hateful and just throw you a bone! They are worse!

Why should they? The IRS budget has been cut to the bone.

Common misconception that people are on rich lists because they report their wealth. These are almost all estimates.

​@@NotKimiRaikkonenand most wealth is not publicly estimable.

@@aNerdNamedJames exactly. Really only the executives at publicly-traded companies are close.

The word is oligarchy.

Thats a you problem, tell your parents to stop being pathetic.

Not true. Also not everyone wants to be a billionaire. I want health family and security. Which I have. I’m blessed.

You can always follow Crystal’s path to being filthy rich. Have kids and get married to someone who adds value and makes a ton of money. Then get divorced. “American Dream”

"Its called the American Dream because you have to be asleep to afford it." -George Carlin.

Speak for yourself I'm living the Hundrillionaire dream rite now baby... 17 payments away from owning my own e-bike so suck on that.

nothing keeping you from investing. The rich pay higher taxes on their investments than you or i as well, another common misconception.

The alternative, disincentivizing investment, is very bad.

@@godfathaofyo it depends what tax bracket they are in. The upper middle class pays the most taxes. Ultra rich pay hardly any.

​@@godfathaofyoreally.. Is that how they got super rich?? 😂😂

@@godfathaofyo ...are you braindead? what's keeping people from investing is the insane inflation and high cost of living combined with the wealthy ownership and business class intentionally keeping their wages as low as possible so they have no excess cash to invest with. Are you 12? Do you live under a rock? or are you actually genuinely braindead and just repeating whatever you heard on tv?

It’s never not been a thing.

@@ClosedOpenness there was an era where people were rising up the social economic ladder more frequently it’s now becoming more codified.

Said like a true nepo baby some of us have a work to barely scratch a living. Nepotism was never to this level where every single person on Forbes does nothing with their money just hoards like the greedy pigs they are n you are okay with that?

@@johndoe-fq7ez but nepotism has always existed. From a father making their kid a manager at their restaurant. To a parent knowing a guy to get you in the door. Nepotism doesn’t exist for just wealthy. That’s all I was getting at.

@@ClosedOpenness true all about who you know

Thought the oligarchs are because they were formerly well connected officials during the Soviet Union. None of the former presidents children are billionaires as I recall. And I can’t recall many from Congress. The Rockefeller’s got a senator well after the fact but that’s it.

Oligarch is a Greek world. Thats how it was in ancient Athens and other greek cities.

It's not bad for the people at the top unless the people at the bottom band together and do something about it. But right now we are too fractured as a group to do that.

I see that changing over the last couple of years. More and more people referring to them as the American oligarchy, oligarchs, ruling class, etc.

@@TheMr02drop And guess who's largely responsible for that?

So you didn't know narcissists/sociopaths/psychopaths are created by genes and their environment, and there's no medical cure for the disease?? 💯💯😂😂

“Inheriting $10 million dollars from daddy”😂 well done!

Hahahaha thinking these people didnt party and handled their own investments. That's rich!

“Only took me 9 failed business to make it! never Give up” - “Thank you Dad for the small loan of a million dollars”

No avocado toast I bet

There's no such thing as a self-made billionaire. Every single one of them had to crush unionization and pay their labor force the absolute bare minimum.

This was always the end of capitalism. Inevitable.

@@anthonytwohill9726 no its not.

Most Americans have aweful spending habits. Like Caleb Hammer audit levels of bad spending habits. They can comfortably afford a New Toyota, and bought a New Lexus. Then come back to complain about gas prices.

​@@poindextersheelturn436 more older people vs younger people in most countries. Capitalism depends on a greater number of younger people versus older to function correctly.

⁠@@ludwigvonsowell5347Caleb’s guests don’t represent most Americans imo. They’re highlighted on his show because they make for good viewership. Your typical American would not garner much views

nepotism =/= rigged, its not a zero sum game, some nepo kid being a billionaire doesnt mean that a non-nepo baby isnt a billionaire, thats not how it works

It has always been rigged the problem is that with every new law helping the wealthy its getting worse and worse.

hater. lol at rigged. you're on youtube making snowflake comments watching videos instead of making it big.

Their parents were well-off, but not millionaires. Bezos worked in a McDonald's at one point.

Amen

So what,? are you self made for what you are worth

It's mathematically impossible to be a 'self-made' billionaire; you must exploit the mental and physical labour of numerous people to achieve that.

Based on what? The fact that they have employees? Then my dad's not a self-made thousandaire...

Governments make billionaires becomes billionaires

Not sure that’s a good thing! They’ll be taken advantage of by people who won’t do any good with it.

That rarely happens with billionaires. The interest alone on their money makes it damn near impossible. The two German kids in this piece, are 9th generation.Those are the people that are taught life, very differently than us poors. lol

Not how that works when you have billions of dollars.

@@jordandunne5292so your argument is the most wealth is lost by the 3rd generation actually is stratified. So your 100 Millionaire is much more likely to blow the inheritance by the 3rd generation, as compared to 500M and 1Billion. The question would be how many 100M buys your family another generation of similar wealth.

Yeah, but I don't think you could piss away that much money if you tried.

No its not, just save your money in the stock market, you can also start a business. Dont over spend and dont marry a woman that is a feminist or cheers when someone gets divorce because they where "unhappy".

@@poindextersheelturn436why are you such a bootlicker

Wealth should be passed to the children, im not saving my pennies just to give it to you. I like my children WAY more than I like you.

Point me in the direction of the founders being against inheritance. I’ve read a lot of books and taken a lot of classes on the subject and that has come up zero times

@@raedmundson11 I kind of don't believe you, there are letter Jefferson wrote to Madison wanting to redistribute property every 50 years, Franklin famouslt tried to get Pensylvania to get rid of inheritence completely and was considered a sage. John Adams often sounded quite marxist. When tax breaks were given to industries such as the fishing industry it was split between the workers and the businesses. I think if you havn't realized it yet they were very concerned about the general welfare of the people which is often written about in Franklins biography by Van Dorn(Van something). It is crazy that people leave this stuff out. They were untrusting of all concentrations of power.

@@poindextersheelturn436trust me poindexter, you ain’t got the kinda wealth that would be subject to a wealth tax. You ain’t as rich as you think your are😅

​@@poindextersheelturn436you're not anywhere near wealthy enough to delusionally include yourself in the conversation on inheritance taxes

You forgot the oldest profession - sugar babies.. 😂😂😂

That’s just untrue there are plenty of self made rich people in the US

I don't like the term either BUT there are degrees. Some are more "self-made" than others.

​@@dt8799congratulations they tricked you into believing that.

@@dt8799I think it depends on how you define rich. Certainly doctors lawyers etc are rich but no where near as rich as billionaires lol. I wouldn’t call them the same class tbh but idk

WHat people dont get is the leg up you get when youre young MASSIVELY leverages your gains later on in the future. HUGE difference between starting with a 'measly million' when you're 25 and starting flipping burgers and renting until youre 25. I can attest.

I certainly hope so.

Wealth tax ensures people like you STAY at the bottom all the way to your chidlrens chidlren. At least you can groom your children to save and you pass that down to them and the same to your children. Its not hard, yall just dont want to save, invest and not by Starbucks every day.

Would i get refunded from the government when the investments lose money?

@@godfathaofyo no you don't when the government takes those taxes they don't belong to you anymore they belong to the poor to the weak to the orphans to government road and transportation investments, security, and health and military, you don't get anything from lost government investments also you don't get anything from investments profits, once the money is out of your account it does not belong to you, it belongs to the government to make your day to day life secure, healthy and your kids have full education, good methods of transportation. The question what's the wealth tax percentage I think a maximum of 2 percent wealth tax is enough to make any country great again, what we have at the moment is the rich don't pay tax the avoid tax and their wealth keeps on increasing exponentially and that bad for the people and the economy, it becames a monopoly. While the people get poorer our father lived a better life and our grandfathers lived even a better life, wealth was more divided between people now the wealth is controlled by the very few 10 top USA rich people probably own 90 percent of the USA economy while the 90 percent own only 10 percent of the usa economy I belive even less because we are not taking into account the foreign people who own huge parts of the usa economy, the wealth divide is wrong, and the only way to fix it through wealth tax for everyone even the poor and the middle class, everyone pays 2 percent of their wealth every year if the top 10 percent pay 2 percent of their wealth that's 1.8 percent of the usa economy is returned to the people, the rich would have lost very little but that money is huge for the 90 percent of the people.

So how many times did you VOTE for your masters?? 😂😂

good luck on that, almost as if it hasnt worked anywhere to actually significantly increase tax revenue

Source? Oh you don't have one? I'm shocked.

Thats how it works, You work at a company, you bring in a cousin or a friend and its trickles down. Your just a sangano and refuse do the work.

Rich or upper middle class with access to some sort of wealth from their rich or upper middle-class network. Example Bill Gates (his father was a Lawyer), Mark Zuckerberg (parents were medical professionals, went to the most exclusive prep school in the country, i.e. where G.W. Bush and his pop pop went), Jeff Bezos (was an investment banker), Elon Musk (his father was wealthy and he went to the best prep schools in South Africa, before getting a physics degree and a Econ degree at Wharton). The reality of it all when you have a big idea and you want investors you need access to capital and you don't get that unless you have access to a network that has the capacity to give that capital.

Not only that, but they’re ’self made’ within a stable society that funds institutions (which requires taxes) that support their wealth creation. It’s not like they make their wealth in a vacuum. There are zero self made wealthy entrepreneurs in low-tax developing countries.

@Chel-fy4ke Elaborate? Unless you're doing the old low IQ Obama "you didn't build that".

Totally with you on this. So many *hard working* people are struggling to make ends meet. Parents bought a house in their early twenties and were by no means high income earners out of high school. Can’t imagine people doing that today.

Low paid workers are usally getting 15 - 20 dollars an hour. Your problem is that your trying to have a family with that when you should be stacking your money and staying away from women and getting them pregnant. Now you cant afford to live, thats a you problem.

That being said, consider that even by the double-standards that lets Forbes call them "self-made," none of them count.

Mark Zuckerberg whether you like him or not is self made. He also single-handedly raised wages in an entire industry by busting the labor cartel in Silicon Valley.

Definitely

spoken like a true victim

Stop it, thats self pity. Look at your finances, live below your means, cook your food a home and make some realistic goals that you can accomplish.

@@poindextersheelturn436 I’m just kidding but thanks for the kind advice

@@penabler Hahahahaha

You're not going to like the one they have planned for you.

@@TrevForPresident oh fella I'm on my way out. No fixing it. So....

Didn't you know there's no limits to STUPIDITY?? 💯💯😂😂

​@@TrevForPresidentwho are they?? GODS?? 😂😂

the fact that you call it "coding" tells me you're not a programmer. and no. zuckerbergerking is not a programmer. he's a scammer who stole an idea, and got others to work on it for him. if you think html is programming......

Lol, so Zuckerberg isn't self made because his dad was a dentist? You jealous cry babies are embarrassing.

Rubbish

only non-programmers refer to programming as "coding". also zuckerbergerking didnt really create anything. also html is NOT programming.

thats not nepotism which is the point of their monologue. Maybe a favorable environment but how many kids who’s dad is a dentist started a facebook. cmon.

And what will the estate tax do? Allow the US government to send an additional 100 billion dollars to Ukraine and Israel?

@@SeiyaSoiya-un4jj It will handicap the elite, lifting pressure off of middle America, it’s not rocket science. It has very little to do with revenue

I don't personally think people that struggled all life and then finally get a wealthy inheritance for 1 or 2 million dollars should be taxed. It should be multi millions.

​@SeiyaSoiya-un4jj it can be invested back into our citizens, too? Did you know that can happen? We need to demand our tax money work for us. Public transit, Healthcare, education, infrastructure, and more. We need to demand it

​@@SeiyaSoiya-un4jj Strawman

We've been here for some years now. But glad you're seeing it now. Welcome to the party.

why? Its not free wealth. their parents made it and paid the legal taxes on their profits. why tax it twice? if you leave $75 grand to your kids should the government, just take it from them? why should they do that with $75 million? whats your logic for that? Its very simple to tax the rich and in a 100% fair way. have a flat sales tax. zero income tax. that will help the poor who dont make a lot and actually be equal. Billionaires spend a lot of money. if you charge them sales tax they will pay tax instead of letting them use these purchases like jets as a tax write-off

⁠@@mikemellon80 ah yes u seems fair. Very Meritocratic system

That doesn’t make any sense. A 10% sales tax would hurt the poor much more. Imagine I do a flat 10% and you make 10 vs 1000000. Now on one hand you only have 9 dollars so that’s devastating. On the other it’s a bigger some but you absolutely can still live a great live on 900K

@@JasperOFlanigan-fb5lv Wrong. the poor already pay a sales tax. in my area its about 7%. so low income people are already paying that sales tax. the super weather, that they are all upset with pay sales tax but they have huge tax benefits and loopholes that basically make sure they dont have to pay any taxes at all. they write off a private jet. get rid of the extremes of 10k and 100 million net worths. average people could have control over their money and not the government. the jones buy a boat and a lake house, you save your money and live below your means, you retire sooner with more money in the bank. stop letting the government dictate how you spend or are taxed. Taxes and IRS are the super riches Friends. Biden said pay their fair share 1000x and never once has one of his rich friends paid an extra dollar in taxes because of that buzz word phrase

@@jackwindensky5606 because the idea of just tax rich people because they are rich and you arent is stupid. Its something media pushes and politicians say all while being super rich. Biden said the 1% needs to pay thier fair share all while being a 1%er. remove the IRS and tax code and you get a fair collection of money that would give people control over how much they pay in tax while actually collecting a bunch more taxes from Billionaires. OR, just stop giving billions to foreign countries and keep it here for the poor that you are all so worried about while never giving your actual money to. Does Krystal live in a one bedroom apt so she can give all her extra money after food to the poor? NO

Rich aren't our enemies, the government is. Do you remember when there was a revolution to overthrow and over powerful central government? Yeah, the leviathan that is the US Federal Government today should have never been allowed to creep up.

Maybe we can get some real FDR policies in the place then.

So the question becomes at what level we set the tax. I wouldn't want to see family businesses affected, even the ones that may be worth millions.

Speaking as a holder of multiple finance degrees and professional corporate accountant, we should eliminate all current taxes and go to just sales taxes, and you can leave grandma's money the hell alone.

@@jonwalter6317 Opening a small business would be much easier this way. I like where your mind is going.

It's obvious you didn't learn narcissists/sociopaths/psychopaths had always run the show for ages.. 💯💯😂😂

So you haven't learn how BANKERS create fiat 💵 out of NOTHING?? 😂😂

@@jpnewman1688 You forget that you can't become a banker without money. My statement stands

Didn't used to be like that. This is neoliberalism ushered in by Reagan and Thatcher and persisting under nigh every Western government the world throughout. And it wouldn't be possible without the full support of b00m3rs.

Musk’s father owned a mine in Zambia that went bankrupt 30 years ago. Musk paid for college with side work and student loans. His brother and him provide for their parents financially. I say this as a neutral comment neither condemning or condoning him in any way.

@@thomasloveless4800 oh so Elon Musk was born into a rich family like the other dude said.

@@lmcfigs4874 His implied argument, assumed from the title of the video, was that Elon Musk’s wealth was a result of resources derived from his parents. I was simply pointing out how that was not the case.

The difference between a billionaire and millionaire is a large gap

Lebron and Steph’s kids are gonna be Billionaires?

I’m curious. What are you talking about? Because I don’t know.

@@MrStCyrX Well, they will certainly inherent their wealth. They are currently Billionaires now. I'm just saying

@@andren8788 and their inheritance should be heavily taxed. money is money no matter who it is.

Bezos

Musk

Zuckerberg

Cuban

Oprah

They not going to listen, these losers only want to steal your money. They dont realize they can eat great at home and save money. They rather cry and demand your money. Lol.

How does it cost 18$ to eat of the dollar menu? What are you buying?

@@Stryker-K That’s what I’m sayin

​@@Stryker-Kthey're all junk.. 😂😂

Nah, thats a you problem. Im a black man who got out of 100k student debt and saving for a house. I didnt date nor do i have children and i live below my means. Finna get a house this year and possbly a Porsche and my stock portfolio is strong.

You ain't seen nothing yet

​@@poindextersheelturn436yeah.. Gotta get more cheese for the rat race.. 😂😂

So you think LIFE is all about HAPPINESS?? 😂😂😂

@@jpnewman1688 Sure, the bible said we would have to till the earth and we will have to work. Life is good right now because I made the right investments and didnt put myself in a situation like most men do (50k car debt, making 40k, got a chick pregnant and dont really know her).

Why do you think the government deserves more money?

And what is the expectation exactly? It won't go to things you need. The government will waste it fourteen different ways like they already do with record tax dollars.

@@SuperGirl-tf2wn Do you think food stamps are a waste? Is there anything the government spends money on that you don't see as wasteful?

They'll just move their money, and themselves, off shore. Whole countries like the Grand Caymans are built on offering people a place to shelter their wealth.

@@Stryker-K 30 trillion in debt on top of the 4 trillion we budget every year, and you people think they deserve more money. Embarrassing.

Elon Musk inherited nothing. Hold this L.

That’ll really turn things upside down

One of the billionaire, punches people and shouts “it”s a prank bro”.

How so? Example(s)?

@@Stryker-K Rock says this, Joe Rogan, says that, Shulz says that, Apple Goggles, Nepo Babies

Envy

You should look into how the estate tax works, it doesnt affect the billionaires at all

@@ArchesBro Then change the ****ing tax code. Include stocks and capital gains in all taxes.

So much jealousy. It’s fine if you feel that way, just call it what it is.

The people who earned their wealth already paid taxes on that income.

@@WhatsOnMyShelf Right and when they die....it goes to their kids....as income. They didnt earn that shit.

why? for entrenched dynastic bureacrats to have more power? you don't control that money. You'll just transfer that wealth from a minority in the ruling mercantile class to a minority in the ruling managerial class in government offices.

@@Godfrey544 I mean, OK. But, I'd like my kids to have healthcare and college without debt. And like, may be fill the potholes on the I-71 S?

@@joedafrog yeah I understand. But as a Latin American I think the key is a delicate balance between the private and the public powers. That way they compete for to serve our needs and gain our support.

@@Godfrey544 leaving billionaires with "only" 900 million dollars in exchange for social services is fine by me

​@@joedafrogbut you won't get those services, and existing services won't be improved. Ukraine and Israel get that money, like they currently do.

Because there’s a threshold in which a certain level of wealth was achieved not by honest business practices and hard work, but by the exploitation of others. No one person works hard enough in their lifetime to earn a billion dollars on their own.

The issue isn’t a person inheriting their parents wealth (although a case could be made for bigger estate taxes). The issue they’re discussing in this piece is that it’s becoming an increasing trend that the only way to become wealthy is by inheritance, and that entrepreneurship or even just working hard isn’t providing the same path to success as it did in recent generations.

I can't speak for everyone, but for me, this has nothing to do with jealousy

​@@ladowd7059It's all jealousy

Yep Eating at home is still expensive AF.

And yet here you are commenting on a random YT with the lowborn. Who know the YT comments section was such a melting pot?

not really. taxes were paid by the person got the wealth(didnt necessarily earn it), if you receive it, you need to be taxed. the wealth itself isnt taxed, the recepients are. when you work. you get taxed for your income. and when you use that after-tax money to buy things, you still get taxed(sales tax). do you see? the money itself isnt taxed, the people are. anyone receiving a handout through inheritance should be taxed. and the more wealth they receive the higher the tax rate should be.

LOL good one 😆

Source?

​@@johnjames502 nepo baby here

@@jaywyse7150 McDonald's employee here