What else should we react to? 🤔 Comment below! Also if you like the song in the intro support the channel directly & download my album and grab your signed merch now 🖤 www.knoxhillmusic.com
Good to see others giving this bar the appreciation it deserves, because of the triple boast involved: 1. "CEO of knowing what you think" = retort to Musk's 2. "INC." = creator of Facebook 3. Combined together, these reference the_ very real phenomenon_ of how Facebook's algorithm can predict behaviors with such powerful accuracy that it can even detect pregnancies _before symptoms start showing_ purely based on the data you've shared, who you've hung out, with in certain proximities for certain times. I know I might be reading too much into it but I really think this is the best bar of the battle.
If you're white and you're from South Africa it's almost a 50/50 flip either you have English descendants or Dutch descendants and I think the Dutch taint line is referring to his Dutch family
He got fired from pay-pal. While he was on vacation. "Max Levchin, the co-founder, and Peter Thiel, an early investor, fired Musk from his CEO role in 2000 due to many disagreements over branding and micro-managing."
@@smaragdwolf1 Hes not a good person for sure, first he was supporting Amber Heard even with all the evidence against her, then people started criticizing him for it and he turned against her. Many people say he treats his workers like shit too, there was a video a while back that confirmed it
@@kenethsoberano So German? Because "Pennsylvania Dutch" is just something we say because the other people who lived here couldn't say "Deutsch" correctly.
@@TheAngryXenite Not necessarily German. Just immigrants from the german speaking regions at the time. Could be from Netherlands, Switzerland or surrounding area.
pretty sure when Elon was talking about not having room for Mark's "kind" he was either making a crack at him being an alien or an android because of how weird he is. but that may just be me
@@bg6b7bft I suspect it is. They're typically given the option to buy stocks at $X a certain number of years later. If the stock has increased in value they can then buy it for X and sell it for Y, at which point they only have to pay capital gains tax on it. According to IRS.gov: "The tax rate on most net capital gain is no higher than 15% for most individuals. Some or all net capital gain may be taxed at 0% if your taxable income is less than $80,000." Not sure if stock options count as taxable income or not (it obviously depends). But - even if it does count as taxable income, the filthy rich have another trick up their sleeve. Borrowing money with the stocks as collateral. Since they have to pay interest on their loan, that interest is tax deductible, and soon the tax burden is zero again. Worst case scenario, the stock tanks and the bank is stuck holding those worthless stocks as their only payout. Either way - a $1/year salary is a PR ruse meant to make us think they're not getting paid obscene amounts of money.
Let's clarify this a bit. There are two major types of stock options offered to employees under IRS rules (there may be other minor ones but there is no tax advantage on them). First you have non-qualified stock options or NQSOs. They get the name because they are a type of employee plan that is not a qualified plan under IRS rules and therefore do not get special treatment. An employee is granted an option to buy stock instead of taking pay within a certain time period. The option is not compensation. The employee gets the stock at the price the stock is when the option is exercised. The value of that stock is taxable compensation and reported on his/her W-2. The employee also has to come up with the required FICA and income tax withholding upon exercise which is usually handled by selling enough shares to pay the withholdings. The clock for capital gains starts on the date of exercise. So any shares sold immediately have no gain since the price sold is the same as exercised. The stock must be held for a year to qualify for long-term capital gains rates which are the rates you mentioned. Short-term capital gains are taxed at your ordinary income tax rate, same as compensation. So the main benefit of NQSOs is being able to invest in the stock instead of taking cash, and not recognizing compensation till the exercise date which could be in a future year from the year the option was granted. That could be a good or bad thing depending on your other income sources each year. Now what you are talking about appears to be incentive stock options, or ISOs. Generally for options to qualify as ISOs they must be offered to all qualifying employees (not part-time or temporary and other minor items, basically the majority of employees must have the choice to do this) and other strict rules must be met. The incentive is getting to buy the stock at an option price that may be less than the price on the day you exercise. Rough example: stock is currently $95. You are granted an option to receive 500 shares at $100/share if you exercise within 6 months. 4 months later stock is $125 so you exercise. You then recognize $50,000 in compensation on your W-2 and take basis in the stock at that value even though it's worth $62,500. You still have to come up with the withholdings on the date of exercise which means usually some of the stock is sold. If that stock is sold you recognize short-term capital gain since you held it less than a year which means it gets taxed at the same rate as your compensation does. If you hold on to the stock for a year and sell it you do then get long-term capital gain treatment and the lower tax rate, but just on the excess value over your basis the exercise established as taxable compensation. However the difference between the stock price and the option price at exercise becomes an adjustment for the alternative minimum tax in the year you exercise. Now my example only leads to $12,500 which probably won't put someone into AMT. But large price differences can really rack up a big tax bill that you might not be able to pay without selling more shares. So to say it's a big tax dodge is not really accurate. Let's say you're offered a million in stock that when you exercise is worth 1.5 mill. You will have to pay tax on that million essentially upon exercise (because all wage withholdings are paid within days of you getting your paycheck and this is treated the same) including the social security taxes. If you don't hold the stock for at least a year you don't qualify for the lower long-term capital gains rates and you might face a large AMT because you add 500,000 to your income for alternative minimum tax purposes. ISOs are a nice tax break, but they are not this big tax dodge you're making them out to be. And if not handled properly can cause major tax problems like AMT or cause severe cash flow problems. And, IMO, capital gains should probably not be taxed at all but definitely not like ordinary income. Most people who invest already paid tax on the money they earned they used to invest. Then they should pay more taxes on those same funds because the investment grew?
@@madcat1738 This is going to sound like I'm bitching, but I would love to read this reply. Unfortunately the lack of paragraphs makes this really difficult to do. Any chance you can edit it to add them?
@@derekhandson351Yeah, there isn't much you can't throw back as a slave owner when you're in a rap battle with a former slave. This battle was already decided before it started
Companies settle all the time because it's cheaper and faster to do so than to prove they are correct. It's so common a tactic that most companies actually have a budgetary item for "Lawsuit Settlement" that they put hundreds of thousands or even millions per year into without reducing their profit margin.
@@robinr.3923He's taken to the super alt right. He disowned his trans daughter bc she called him out for being a terrible father and he just blamed what he calls the "woke mind virus".
Waiting for that Babe Ruth vs Lance Armstrong reaction. Ruth’s second verse has to be on a short list of greatest ERB verses ever - the writing and delivery are both top-notch
Great review at the time and totally accurate. But crazy how quickly this aged with both Mark and Elon going down the drain in both Capitol ans Reputation
The thing behind Musk's ear was Neuralink, so you weren't off with your assessment. Another great ERB reaction. I hope you give MC Lars -Flow Like Poe the attention that it deserves when you react to that, as well.
youre right thats Neuralink. I like the nice touch of "dark ages" while lifting up Text/Letters^^ Compared to reading thoughts, Letters really are dark age xD
The Afrikaans in South Africa are descended from French and Dutch settlers. Afrikaans is similar to dutch. A common derogatory term for afrikaans men in South Africa is dutchman
@@6666Imperator french protestants (hugenots) fled catholic persecution in 1800s and settled areas around western cape. Hence the town fraanshoek (translates to french corner). This is why some of our rugby boys have names like Jacques Fourie or Jean de villiers, peter steph du toit, fourie du preez, francios (faf) de klerk etc. The Capes wine culture was imported by the hugenots which is why RSA grows cabernet sauvignon, shiraz, pinot noir, merlot etc.
“Musky Dutch Taint”: there’s the reference to his last name of course, but the first European settlers in South Africa, the Boers, were from Holland, aka Dutch people.
The detail the ERB guys put into their content is incredible, and your attention to those details is also incredible. I’ve watched all these videos dozens of times each, but I feel like I’m watching them for the first time all over again. :) Thanks for posting.
Missed the joke in "your platform only launches depression" "Platform" also meaning where rockets are launched from. Musk's platform launches rockets, Zuck's "platform" launches depression
I'm pretty sure the "Dutch Taint" is referencing Holland's imperial holdings in South Africa in the earliest days of European migration and imperialism, before the British began dominating the arena.
I think it is unfair to say, that Mark is unsocialized. After all, standing in front of very big people in USA isn't the best place for a human being, even if he is socialized. It's always a nervous situation, especially when they put facebook in a corner, talking about humans privacy. He may be good at talking with other people in other situations, where he can feel himself comfortable, after all, that's how most of us are.
@@theresnothinghereatall yes, but there are different people and different situations where all people act different. If we put ourselves in front of the president rn all we would do is stutter.
This battle is amazing but this is your daily reminder that billionaires don't have your best interest at heart. Ever. No matter how well meaning they may seem. You are STILL the unwashed masses to both of these people.
Hard agree, these guys claim to be Tony Stark, but a much more apt comparison is Lex Luthor. They may have some good, even logical arguments but they're only concerned with their own self interests and power
@@ZydrateKnight It's always amazing to me that people speak about Elon Musk the way they do. He may have headed up a company called Tesla but the man conducts himself like Edison.
Always love your videos Knox. I have been waiting for these one. Next one should be George Carlin vs Richard Pryor. It’s awesome and full of awesome bars!!!
Kinda funny that Elon Musk talked about how he knew his father was evil his whole life... but still used his father's money to put himself through an expensive college, and using that college enrollment and his father's name to stop himself from getting drafted into the military.
@@AlexanderAzarov yeah, but it‘s also slightly hypocritical to go: „Oh no, my dad is so evil and got all of this money through his evil schemes“ and to then use the money yourself. And not even for anything particularly good.
@@samiraansari5686 you could also argue that its good he used the money so his father couldn't use it and get himself into a position where he could help a lot more people for a longer time than when he just refuses the money and works in a technical shop somewhere in the middle of nowhere
@@6666Imperator Alternatively, you could argue that the evil spawn of an evil man is evil and using money as a shield just like daddy did. Hero worshiping a rich man is an awful lot like trusting a venomous snake not to bite you.
@@apenguininthemist855 I am not worshipping anyone though and never said that Elon Musk is a saint. I just stated that just because his father was bad and made money from bad things doesn't mean he could not use it to do good things. If he is doing that or not I never said anything about.
The fact that Zuck himself has actually admitted he isn't human by accident and the fact that he doesn't blink sends a pretty clear sign that there's something inhuman about him. However, I'm curious as to why NicePeter chose to make Zuck sound like Kermit the Frog for this rap battle.
Poor Knox telling us to disconnect and go outside, just to realise he is trying to be "outside" but needs to carry on working and recording to stay relevant. @18.22 "Damn I'm trapped" always gets me 😥
Bullshit. Tesla has partnered with other carmakers to provide Electric drivetrain base, also has open sourced some stuff too. Als their business plan for when self drive comes is to be their own biggest customer eg Tesla Manufacturing Plus Tesla Car Rental/Tesla Taxi.
Okay, bro, it's good that you called it out yourself, but the simping for Musk is not a good look. Look into him a bit further, and you'll notice he's all hype. None of what he claims as accomplishments are anything he actually did. He bought founder status at every company he's supposedly in charge of. He may have actually personally built X, which became part of PayPal, but even that's iffy. He also engages in flagrant market manipulation; that's basically his whole Twitter feed. Dude's entire life is basically a giant grift.
Actually, Zuck might just get 1 dollar as a salary, but he gets untold millions in private jets, vehicles, hotel stays, and especially things like actions and bonds, since the government can't tax those.
Time to annoy Knox😗 Okay so the "muscky Dutch taint" line refers to Elon being a white South African and all white South Africans are of European decent such as German,French and mostly Dutch because alot of the early colonisers came from Amsterdam(this was before the British came).
I know this was probably already commented but Elon Musk is part of the Boer people in South Africa which were the original Dutch settlers of South Africa. Pennsylvania Dutch are just South Gernans living in Pennsylvania.
I grew up with MySpace, and learned that there was wayyyy to many bad things in my past to stay on social media.... never made any of the accounts, now I remember why. Thank robomark, but I must have RU-vid don’t let him break it
