How American CEOs got so rich 

@Becoming Vincent Yup, that makes about as much sense as deciding to put out a fire with kerosene.

The U.S. jobless rate dropped to 3.7 percent in September - the lowest since 1969.

Now things are going to get worse. Much much worse.

they said it would be to turn america like a business: except americas goal isnt to make money its to better itself and its standing in the world by raising its standards

Right😂

For real. How foolish a person must be to not understand the greed of mega corporations.

I think it works both ways at the level of the collective corporations and at the individual level. Still, it is pretty naive.

Sure that sounds like a nice saying, but new outlets and other forms of media aren’t gonna broadcast that they do the right thing, they will only broadcast how they did something wrong.

Unless it aligns with their bottom line. Cough* GM and even then they wanted more money.

The same can be said about the governments though.

And war

It’s not crime they do it legally and with the help of the government.

@@angelkingsley5299 yeah and Epstein killed himself /s

youre wrong , they do it legally. Its just that the middle class and poor class dont understand. The poor and middle class focus on jobs whereas rich focus on building empires for next generation.

What govt. needs is to put a threshold and all the problems will be gone.

Uh yeah, GREAT DEPRESSION MUCH? 😰

@@Nikynik345 Trump will have an even greater depression

That was the most outlandish statement the whole video ... that statement is so manipulative. I am an economics major.

Great Depression much?

@@pagingdrlamp it sure is looking like it. 26 million jobs lost.

Eos it really doesn’t though. A recession is likely coming, but not for the reasons this video outlines.

(Insert people jumping off building picture here)

What's the worst that could happen?

As long as nothing happens on Oct. 24, 2019, we're good

We're only days away from the 90th anniversary of the Stock Market Crash......................

Imagine trusting for profit companies

Motraq Republican Party in a nutshell. Wages has been stagnant for decades thanks to them. Too bad uneducated whites keep voting them in.

@@angelgjr1999 wages have been stagnant for decades you say? As you type from your 60 fos desktop or mobile phone that has existed for less than 5 years. Technology everyday is getting more advanced and more accessible and is proof that there is not stagnation.

@@zacharymarentette5269 technology evolves and we don't.

Zachary Marentette Yeah it’s the same digital technology that is literally automating millions of jobs away every year. What’s your point? That I should worship Steve Jobs?

What even is GM? I thought I knew about most brands...

EmeraldWorld LP General Motors? They make Chevy and gmc vehicles

@@deezus6926 oh ok, never ever have I heard about them.

@@emeraldworldlp8828 They also make Cadillac.

@@mattwolf7698 not all of us live in America 🇺🇸

"I see no possible exploitation happening here in the near future, no sir my job here is done"

He is saying whenever cooperations reinvest their money into raising wages or the cooperation itself, they would get a tax cut, so it is serving more as an incentive than a free handout like what trump did

@@eugenelee533 A much better way to help the company the workers and the communities these workers live

Toyota: "Hey guys we're here to make money but also make good cars" GM: "FFUGGGEEEN MONNAAAAAY!!!!!!!"

Omg! learn new things every day!

Jonathan F. Illegal immigration is a huge problem in America !

The ones working 10 hour days in the hot sun of for less than minimum wage?

@@forex922 ohh really?

@@forex922 sure if you don't question what your master tells you. Btw Im a immigrant and im coming for your wife and kids 😉😉

@@forex922 most likely, a person who takes the risk of relocating, is willing to work for its future.

Karen will save us all and lift us from poverty and homelessness.

🤣🤣🤣🤣

... send in the Karen

Warren is our Karen

Assembles army of middle age moms all over america

no stocks must go up!!!

I disagree on the second one, it might backfire.

@@yokunjon i disagree with all 3. 1.share buy backs where never banned that is just wrong. 2.companys are more likely to replace workers 3. why would you? btw big companys can just move their HQ. most already have a couple.

Minimum wage should be state run, each state knows better how much money their citizens need, and the cost of living is different everywhere.

@@zachb1706 minimum wage hurts small business. You make corporations bigger by every increasing it.

What do u mean a company has to make money that’s it’s goal they can shut down a plant and cut wages whenever they want. Their literal goal is to make money the govt can’t force them to keep a failing factory open and as for stock buybacks those are not bad at all when someone starts a business they have to sell part of it to shareholders so they have capital to grow. If they succeed than they won’t want to keep paying dividends to shareholders the owner will want full ownership of the company

@@time4955 and what does anything you said have to do with the disgusting greed showcased here? So a company can make money( in this case maximizing profits) off the backs of the workers, environment, lobbying etc, but a CEO can’t take a pay cut? Why? Kindly gtfoh. Thx.

@@time4955 right, but OP is talking about ethics, you're talking about business logic. A balance between the two is much needed. Businesses have social and societal responsabilities too, it's too easy to exempt them from that as you do. It doesn't have to be binary/black and white

I feel u dont understand this topic well.

@@xhenryth7926 Maybe from the .01% to the 1%.

lol the wealth only trickles up. recently it hasn't been a trickle, but rather a torrent

I'm getting "trickled on"...but I don't think it's money 😔

@@duckflight9257 That's our food--our sustenance. We should be grateful that we get such wonderful portions. Let us pray to the CEO gods for this magnanimous bounty. Peace.

They already are

You guys are having rice!

at least you have something to eat. Post Millenial baby

Also millennials: I need an adult, adulting is hard.

@@Aar0nMD that's b******* and you know it we are not lazy bums f*** face. We Millennials are paying more taxes in the previous generation and none of it is going into use to rebuild Urban cities or rural areas or transportation. because you trusted Reagan and later the Clinton Administration those f****** scammers.

I dunno. I'm Gen X. My kids work as hard as I did. They've got cool things that I didn't, like the internet and iPhones, but they work hard. The difference is now the economy's whack, with nearly everything going to the top 1%, so they'll have to work harder to stay where I was. And that video explains part of "why" that is.

!!!!

@1 2 I know

@1 2 So they will throw a fit because they won't be able to buy their third Pen house?

You think you've made a point but in reality you haven't. The hint should be that when other people's ideas seem so childish it's because you haven't understood them. But I'll explain: Businesses are what drives the economy, our prosperity. It's with a free and competitive market that we can DETERMINE what everyone should earn (marginal productivity), what we should produce, how many resources we should use to produce, how much should it cost, etc. Governments incentives are just to perpetuate themselves in power. You give them the hand, they take your whole arm. You give them money, they spend it on the non productive economy, they subsidize un productive production plans, they subsidize un productive "grants", that aren't incentivized to be the best ones etc. That happens here in Europe a lot. We have lots of "social grants", we pay really high taxes and then use private Healthcare because even though we pay for public Healthcare with taxes, private Healthcare is so superior that a big chunk of the medium class prefers it.

@@K-xor where are you in europe? here in germany where i live even the few rich people i know use public healthcare.

actually the real way to get rich is to make the people pay for your income. Do it the roman way ... Le example: So one easy way to get rich easy and stay rich is to use your wealth to buy property and then tax the regular people through rental fees as a source of income. Since everyone always needs a place to sleep and live, rental fees and property are guaranteed success and wealth long term. As a rich person you have vastly larger % sums of your income dispoasable that you can use to buy real estate with. That means that the poorer people always pay a premium on real estate buying it from you or try competing with you for the property itself directly and since they have vastly lower expendable money % wise of their income to save up for that said property purchase, they will never win the race in buying property to buy themselves out of basically extortionate prices. The process becomes worse as the richer the top percentage of owners gets because they will start competing with the money they made from the regular people against each other and drive up prices even more so that even middle-class won't be able to afford proper housing. This driving up on the cost of real estate and drives up rental fees until increasingly more and more of the average wage of low and middle-class gets siphoned off into rental fees just so that the rich can use those fees to put even more pressure on the real estate market. It's a giant bubble and the poor are paying for it essentially. It's a beautifully destructive system really, tried and true since Roman times. It's rather easy to dismantle actually ... though the means to that end are probably to radical for people nowadays. It's such a tried and true money making machine that it's the bedrock of old money and aristocracy.

BrutusAlbion and bow would you dismantle it?

@@swamidan277 An easy example is Australia/Canada actually where housing prices are shooting out into orbit because Chinese mega-firms (state or private owned) buys up the houses wholesale and then rents them back out to the very people who could have bought them if not for the chinese mega-firms buying them up from underneath their noses. Now these folks are paying rents for homes they could have owned themselves. So the money is directly being funneled back into the big owners rather than the home owners who need it for the future. The renters don't build up value, in fact they are just paying a premium and thus lose out on future disposable income, they are charged like chattel to live in the houses they need close to their jobs and livelihoods. The person who owns the house doesn't actually need it. Well ... other than to make money of their chattel ofcourse.

0. Be rich already

You forgot "have rich parents"

It's more the philosophy that you can own your own stuff without being bothered too much. It's an innocent enough idea, but things get a little out of hand when people start owning way too much.

wasp suburban bootlicking class traitors

Nor the "they will invest it in their workers" mentality. Its never happening, so why would this rule do that?... And why do they keep removing laws that were put in place to prevent wealth going to the 1%?

A lot of it comes from 'prosperity gospel', a movement within the evangelical community that has really taken off over the last half century. It basically states that wealth and godlyness are intertwined, so if you are rich, that means you are right, as long as you are christian at least.

Unfortunately people worship wealth in America.

Let's hope so but I wouldn't hold my breath waiting for Florida to do the right thing though...

Like voting criminals out of power and replacing them with another criminal to hold power would ever work. The problem isn't just the politician, buddy. It's the government.

@@AgoristsRising exactly. It's the whole system that needs to be taken down.

We have to wait until 2022 until he's up for reelection :/

Florida is an “interesting” state, more murder last year than entire Canada XD

The standard of living today is much better than the 1960s. There’s a Dave Ramsey video on RU-vid somewhere where he talks about how miserable the 1960s were and how bad the lifestyle was compared to today. I always took “Make America Great Again” to mean going back to the 1980s when we had high economic growth and low taxes.

Umm yes but stuff was also pretty bad in the 1960s. Segregation, State-enforced homophobia, you name it

@@johnmartin4641 we still have low taxes but no high economic growth

@@johnmartin4641 The only reason the standard of living has increased is the advancements in science & technology.

@@NeonCicada that may be part of it, but not all of it. In the video, Dave Ramsey talks about how people rarely ate out and rarely went on vacation and when they did go on vacation, it was a very cheap vacation in the mountains, no beach resorts. Those things have nothing to do with technology and science.

They realize it, they just don’t care

Bob Steve at all

Sometimes it's not the CEO's. It's the board and shareholders. Sometimes you do what they say because it pays well. I'm not saying be a sell out, but it's easier to end the world when you dont see the world ending. That's why normal CEO's are not celebrities or famous. They want to do there job cash in and live there life in peace. It's the billionaires and multi-millionaires love seeing there wealth grow. Its the nature of the game.

You are right. It could be a win win but instead its a win lose.

Only a universal rise in wages would be enough to finance a substantial rise of consumption and therefore profits. That's why so few companies are raising wages; they only really profit from it if everyone does it.

It's very good, it's a mix of short historical snipets (because people have attention span disorder thanks to social media) and "RSA Animate" to assist our brain with understanding the matter (listening + visual instead off listening only). I like it too... Worryingly

It's used to be illegal before 1982

@@1985toyotacamry God I'm learning that almost everything is, because of Reagan.

@@hectorvega621 so many of the economic issues we have today are because of the Reagan administration

@@hectorvega621 It's almost like electing someone with very little political/economic knowledge is a bad idea.

@@Asocialite__ Well you know what they say about History, it either repeats or rhyme. I didn't exist in Reagan time, but I can see 2016 another person with no political/economic knowledge, and I couldn't vote, because I was not old enough to vote. 2020 is my first time to vote for a President.

Trickle down economics 😅

Men i am glad to read this

well, they don't so much

Boomers dont watch youtube videos. And MSM cannot air this as the companies that buy ads on their programs do exactly what is being described here. If CNN starts reporting this, companies will just pull out their money and CNN will go bankrupt.

Are youbkiddong? You have to hunt for this information. History class wont teach you...and the msm sure wont

well Bernie just dropped out ...

bernie 2020 or if necessary warren. we cannot have biden or trump. the oligarchy needs to go. enough is enough. it's time for serious legislative change, and if that doesn't happen, we need to take a cue from the french. let them eat cake, they say? they are so far out of touch that our words can't even reach them. if one person can spend a million dollars a day and still never run out of money, then their wealth is obscene. trump told us exactly who he was when he refused to put his assets in a blind trust, the first president to ever do that (i'm sure his megalomaniacal self is proud of that), and the first president to refuse to release his tax returns. everything he does is to enrich himself personally. he hasn't made a single decision that wasn't to enrich himself. even the republicans are mad at him for pulling out of syria. the only people who are happy about it are russia and saudi arabia. that should tell you everything. why did he pull out of syria, even though both parties say it's a terrible idea? because he has several trump tower hotels in turkey, and he wants to protect his assets. these types of oligarchs need to go. our kurdish allies are being slaughtered right now because of his decision to protect his assets.

i don't know if trump is more akin to marie antoinette, or emperor nero. i'm leaning towards the latter. he won't rest until the country is burned to the ground, and all the wealth is in his pockets. he fancies himself an emperor, that's for sure

roman empire 2.0, coming to a country near you

Take away “rich”. People in general tend to be greedy, it’s who we are as a specie. Some of us are more compassionate some aren’t. Truth is that this people are slowly but surely bringing down their companies and it is affecting normal people. They are smart women and men that aren’t doing the smart thing for the longevity of the economy rather they are enriching. Don’t forget that we don’t live in a utopia, human behavior can be unpredictable at times. Hopefully this peculiar issue is dealt with in the most beneficial manner for our economy’s longevity.

Rich people do whatever benefits them the most. The trick is to create a regulatory framework where what is best for them and what is best for society align.

Thats capitalism for you

@@jelly3374 Republicans are so much worse. Yes, both sides have too many bad aspects. But as to which one I'd trust to run the country, Democrats win hands down in virtually every way. Don't even pretend that both sides of the coin are equally clean, because that's just not true.

@@StonedMagician99 Yeah Republicans are much worse but trusting dems with the country is quite a stretch

well that's capitalism :)

StonedMagician99 trump told us exactly who he was when he refused to put his assets in a blind trust, the first president to ever do that (i'm sure his megalomaniacal self is proud of that), and the first president to refuse to release his tax returns. everything he does is to enrich himself personally. he hasn't made a single decision that wasn't to enrich himself. even the republicans are mad at him for pulling out of syria. the only people who are happy about it are russia and saudi arabia. that should tell you everything. why did he pull out of syria, even though both parties say it's a terrible idea? because he has several trump tower hotels in turkey, and he wants to protect his assets. these types of oligarchs need to go. our kurdish allies are being slaughtered right now because of his decision to protect his assets.

Also nixon, bush, clinton and now trump.

I just learned today that America used to have quite a bit of wealth mobility before the 80s. The idea that you could work hard and pull yourself out of poverty was (a little bit) true. That all ended with Reagan, and since the 80s it's pretty unlikely that someone will be able to change their class. The absolutely massive military spending was Reagan too. So was tough on crime policies that jailed and killed massive numbers of people without helping society. Wealth inequality has shot up with Reaganomics too. He was a nightmare of a president, but American politics is defined not by people's real interests, but by the nonesense economics pushed by the wealthy, extreme nationalism, and religious belief.

Always.

@@nathanielibrahim3492 He didn´t dismantle communism, he did dismantle middle class

Are you talking about gamestop

If America is so bad then why are we the most successful country in the world?

A successful country doesnt have people dying cause they cant afford insulin

There's nothing wrong with buybacks. It's an efficient way to return capital to investors that, unlike a dividend, can be cashed in when the investor chooses (by selling their shares) and is taxed as capital gains instead of income.

@@gid7865 America isn't the most successful country. I would argue that's Scandinavian countries.

mr. mongolion if your only measure of a successful country is GDP then sure. however, take a look at all the scandinavian countries and canada. their people are doing so much better than ours and they have a much higher standard of living.

Mattias Sollerman no I don’t understand please keep going

@Evaristo Fernandez and it's people are suffering

Yeah, America is richer, but most of those riches are concentrated upwards in the ultra-rich elite demographic, and is still continuing to trickle upwards. Wealth does not obey gravity.

Trickle down economics isnt actually an economic theory. No serious Economist has ever used that as a theory, Its just used to smeer capitalism most of the time.

Alfie Coulson yes it isn’t a theory but it’s used by politicians who wants to apply the supply-side theory (neoclassical theory) wich they are doing with Trickle Down policies. The Theory says Savings equals Investments, so in order for companies to invest they need savings, so the politicians cut taxes and wages and made the workforce more flexible (making family planing more difficult). This has made companies to savers but forced the state to go into debts. But this is ignored by the neoclassical theory, and the investments growth rates? Are even lower than in the Keynesian Time.

And that's a bad thing because? They don't steal anything. And all Amercians have gotten richer. Of course, the rich have become richer than the poor but it's not like the poor are getting poorer. How is that a loss?

ew It’s not as simple as money. The problem as shown in the video is that not only has the greedy CEOs caused thousands to lose jobs in order to increase their own profits, but the effect even had waves in the community as a whole. You can say it’s not the CEO’s responsibility to help the community’s economy but if things continue like this it’ll be detrimental to everyone

@@8is the ultrarich have way more than they need, and dont really give back much through philanthropy. Thus the poor do get poorer, reslatively speaking

@@scholaroftheworldalternatehist As long as everyone to the poorest of the poorest are getting richer and richer, I don't see how that's a problem. You're not hurt by the rich getting richer than you, are you? And look how much they have contributed to society and you. Someone made your iPhone possible, Steve Jobs, and he got arguably underpaid in 12$ per phone. Even though he was responsible for its creation, he got a small profit per phone but it still made him a billionaire. Some people are just so useful to other people that they get underpaid in billions. But you're not hurt by that, are you? It should be the opposite, you got a phone that you can voluntarily purchase.

@@gsm5104 It doesn't sound like you actually know how companies are run. Companies' objectives and communities' objectives are not the same and forcing them to have the same objective would be more detrimental than to let them play out their part in society.

ive already given up honestly. with global warming already too bad to fix without incredible technology that we dont have yet, economic disparity as bad as a time before black people could use the same bathrooms as white people and right-wing extremism as bad as, if not worse than, when the klan was at its height, im pretty sure the US wont last much longer, atleast not at in a pre-apocolyptic state. moving to another country, if possible, might be the only hope Americans have at this point

Yes, but this time the reason is completely different

@@thegoldenpyro Still, it's a depression

@@thegoldenpyro not for a lack of trying I assure you, if that whole drone assassination had created a war we would have the war and pandemic just like the 20's

It appears that the companies are just getting liquidated for short term gains

This explains why Google and Apple now have stopped innovating. Their sales are going down while their stock is rising. This is literally what caused the Great Depression...

I read this like Money for Nothing.

But it works

stock buybacks are not very different from paying dividends (the reason buybacks are preferred is due to tax incidence)

It didn't save anything. Google, Apple, Microsoft and Facebook make huge amounts of money, most of that money goes to what is basically a handful of people. Most US citizens don't see a dime of that money because the companies don't pay their fair share in taxes and the money just lies in off-shore bank accounts.

That is not true even a little bit lol

Naum Rusomarov it’s not just those companies there’s thousands of smaller IT companies across the country. IT was the primary reason Bill Clinton managed to get a surplus during his presidency, all of a sudden a huge surge of income from a whole new sector. America (especially in the beginning) is the biggest innovator in the IT field.

@@NaumRusomarov it did save the system in that it kept the growth up against other industries. Of course it didn't help most workers, cos that's not what the system is about. Even most workers in Silicon Valley are underpaid database/spreadsheet fillers like in many other offices, after all

Tim Fischer what r u talking about? Japan has been goin through severe stagflation and horrible economic issues that’s way worse than what the us has gone through...and Europe is heading down the same path with qe. Not sure about u but the us is looking much better

I would argue we've been there since the 80's, with a few notable exceptions.

It's right now. Ronie stopped the economy, but the stock market doesn't even care. It's scary, even to stock market investors

That has already happened with the south sea trading company that traded nothing and just raised stock prices to make money

It's already there in Japan

*Enron has entered the chat*

Its their company its their faie right.

he made us become debt free.....until bush fd it up

Nixon would like a word with you

Dont even get me started on how Reagan literally had dementia in his 2nd term...

* cough cough * yet

What do you mean? Tyler Jackson is hardly even remembered as being a president, and the few things you do remember are bad.

not just the poor they make the average person poorer.

@@clydemorgan1439 Thers no "middleclass" anymore in America only an "poorclass" and an "richclass". Its really sad to see Millions of people struggle to survive

@@nevergonnagiveyouup.9162 franchise owner are in middle class you buy from

actually statistically speaking the vast vast majority of second and third-generation wealth held by the rich is lost leading to rich families getting poorer each generation (ofc there is exceptions but generally >80% of wealth is lost by third-generation I think it>60% for second-generation) On the other hand overwhelmingly amongst the lower classes the average family wealth tends to increase as people on the lower end of wages

Hard working people are rich people. How do you think we got rich? We worked hard and made good career choices. It’s time for people to make better career choices so they can be rich like me.

And wages have been suppressed for decades for this very reason.

We can't expect the economy to grow constantly and forever, but even with some up and down the general trend is way positive

Tech bubble 2025 let's go /s

They happen all the time. It’s a cycle.

@@terrymp1091 Economic crashes happen all the time... and in a cycle? Buddy that thought is gonna need some 'splainin.

@@RealCaptainJaws homie its basic econ

Me 🚬🗿

It was his Inauguration Speech, so yeah, it was his first day on the job.

oh the irony

That's what rich presidents say when they're president they want nothing more than to convince American's that we shouldn't trust the government but that we can trust cooperation. You can argue about which you should or shouldn't trust but frankly rich CEOs benefit from convincing others that government is the problem and that they should be unregulated and everyone else usually hurts for it.

Ruby Parker the government is suppose to be the people’s lawyer against corporations but what happens when your lawyers bought 🤔?

@@spinner771 like I said you can argue that the government is corrupt but I'm just saying that rich people benefit from lack of regulation that's what my point was not whether or not the current government is corrupt

chongjunxiang3002 I mean the Ohio plant closed in 2015 when Obama was president. That’s probably a good reason trump won Ohio because he campaigned off of bringing the jobs back.

cj16cj16cj Trump has never supported car companies

sad how Americans put American cars on a pedestal but GM is just another sellout not caring about their fellow Americans.

I mean it is simple math. If you were to divide the salary of the CEO to the rest of the workers that would amount to a couple of bucks extra every year.

Because the ceo does harder work that’s like asking why a doctor makes more than a mailman

@@time4955 Like what? He can literally make more money than anyone in that factory by just buying back stocks because that would mean that the stock price is gone up. Do you understand that?

​@@JoySinghu make it seem like buybacks are an infinite money printer or something 😂😂😂

Not wrong

The pandemic was going to swing a recession into motion anyways. Having the same conditions now as there was leading into the Depression, we get to rocket ourselves right into nationwide bankruptcy.

Great Depression 2: Electic Boogaloo

corona : well you are correct on this one, sir

Drumpf took a dump on all of US. 41 million jobs lost this quarter.

_ Hans _ you have job no?

@@JordanMadera I do, but I'm still being paid minimum wage. If they could, they'd pay me less. Trickle-down economics isn't a thing anymore in this modern world.

@@jonathankristensen464 Where do you work?

@@alan7761 Supermarket

@@jonathankristensen464 classic mad wagie

very true, people are uneducated about finance, and that makes them unable to know which new polices of a president are good for them and which are bad.

The goverment always benefits from people who don't know how to finance themselves

Isn't it nornal in USA to get economics and stuff in high school?

Economics is taught in high school in the US, but it's basically "trickledown good, Government bad" the class.

How are jobs created when you can’t profit off of ignorance or inability to do something?Thats why they don’t teach it.

He was a messiah for the rich.

@Tobby Isiba yep but that is no reason to bote for DRUMPF

@@cesargomez8887 Trump is also seen as a Messiah, for simply not being a career politician

" and he doubled tax revenue even though he lowered income tax"

"He t-talked nice and had charisma!" So did Ted Bundy and look how it turned to be, same history is repeated with Clinton and Obama

@Dog Ma Yes they absolutely do. But for Republicans greed is a feature, not a bug.

bernie 2020 or if necessary warren. we cannot have biden or trump. the oligarchy needs to go. enough is enough. it's time for serious legislative change, and if that doesn't happen, we need to take a cue from the french. let them eat cake, they say? they are so far out of touch that our words can't even reach them. if one person can spend a million dollars a day and still never run out of money, then their wealth is obscene. trump told us exactly who he was when he refused to put his assets in a blind trust, the first president to ever do that (i'm sure his megalomaniacal self is proud of that), and the first president to refuse to release his tax returns. everything he does is to enrich himself personally. he hasn't made a single decision that wasn't to enrich himself. even the republicans are mad at him for pulling out of syria. the only people who are happy about it are russia and saudi arabia. that should tell you everything. why did he pull out of syria, even though both parties say it's a terrible idea? because he has several trump tower hotels in turkey, and he wants to protect his assets. these types of oligarchs need to go. our kurdish allies are being slaughtered right now because of his decision to protect his assets.

Step 1: buy some congressmen (preferably Republicans) Step 2: pay them to legalize insider trading Step 3: insider trading is still not legal, but dividends in the form of stock buybacks are

@Dog Ma The difference tends to be which industries are involved. They are all greedy, but different sectors depend on different economics to do well. The GoP tends to be backed by companies that thrive off large wealth divides, small number of rich customers and large numbers of poor workers. The Dems tend to be backed by companies that depend on a strong middle class customer base. Both are doing what is best for their backers, but what is best for their backers aligns differntly with the general population.

@Dog Ma that's kind of like comparing shoplifting and armed robbery... both are bad, one is far worse. No one is saying Democrats are saints, but Republicans have made it their code. Why do you think Republicans worship Reagan? It's because his administration let them see that they can rob the working class and nothing changes.

1st Christmas, now my stock buybacks 😢

American law should protect buybacks because it’s a tradition

American law should protect tradition because it's a buyback

muh buybacks

American buybacks should protect traditions because it’s a law

Yeah I mean the effects of segregation and slavery, both which preceded Reagen, have only yielded positive effects today's modern era.

Dewaldt yes but the civil rights movement were supposed to negate the effects of that, as well as the resegregation of many public spaces, such as schools, however, during the Reagan presidency, he attacked efforts to desegregate schools through shifting around busing routes through both black and white neighbourhoods, as “big government”, and when he cut back on it, unsurprisingly schools became more segregated to the point now where they are more segregated since the 50s! So yes I am also blaming the current segregated school system on Reagan as well, but besides that point i said “pretty much” every problem can be traced back to Reagan, not “every” problem, I’m obviously not gonna blame the Civil War, or the Vietnam War on Reagan

@@jacobrowe3166 really. That's rather because in 1988 school integration was at a all time high. Bush senior and junior, Clinton and Obama all had more segregated schools than Reagen did in his second last year. So essentially you want me to believe that somehow Reagan managed to resegregate schools in one year to such an extent that four administrations later and we still can't reach what he got. What other magical powers do you believe Reagen had.

Dewaldt doesn’t change the fact that he attacked busing children around to desegregate schools consistently, much to the chagrin of local southern lawmakers who actually saw the benefits of desegregation, not to mention that his “voodoo economics” of cutting taxes while also increasing spending on the military ballooned the overall deficit and contributed to the massive military industrial complex that’s a problem today, not to mention that it caused an economic recession during the Bush 41 presidency that was only saved by the dot com market boom

Dewaldt the only one who claims to have magic powers is Reagan who thought that “trickle down economics” actually works

@naga perak where else?

​@@esequieltovar4955 it doesn't justify it but it does make it more likely. people who are depressed and don't see hope would be more willing to buy drugs and people with no money and in poverty (especially with little education) would be more willing to sell them. you don't have to consider it justified to see the fact that it's going to happen and you aren't going to actually change things by saying people individually shouldn't do drugs instead of changing the systems that caused the problem.

@@esequieltovar4955 yeah. Because they're so poor they can't even afford drugs.

@@esequieltovar4955 I lived in a shanty town and I know the zones that were the "richest" were also the zones with the most drug issues

@@esequieltovar4955 very miserable indeed. At least there were no thiefs around.

Though a lot of rich CEOs are definitely corrupt, they supply a huge amount of products in the consumer market and are obviously going to make a lot. Apple has inexcusable sweat shops but supply a large majority of electronics, how is it unfair the CEO benefits from that when they literally built the company.

@@thomasputnam9847 They didn't develop or build the company themselves, they hired people to fulfill jobs they couldn't do themselves. No one is saying CEOs shouldn't reap the profits of their success, but when they are making 100-200x what common workers make at the company, that seems a bit excessive. The tax system doesn't help to equalize things either because the tax rate is capped at 37%. Yet most Americans land in ranges that cause them to pay ~20% into taxes. The tax system should continue the logarithmic curve and not be capped for individuals at 37%.

define market capitalization of large companies

I would say it started much earlier. We never really got out of the Great Depression. WW2 gave the economy an artificial boost and the military industrial complex kept it going well into the seventies when it began to stagnate. Along came Reagan, and then it got really bad...

@@BrickworksDK So everything started with the federal reserve? the problem is that all president and politicians that were against the fed/central banks were killed. Fed is too overpowered that neither the greatest president should bother to abolish it

He has my vote then. Get that man in office!

I hate Republican legislatures with a burning passion.

You know we have buybacks in Europe too right?

@@bishboshs yes it was mentioned in the video, but it was also mentioned that they dont happen nearly as much as in the US

How are you supposed to sell them high if they never raise again?

"Be greedy when others are fearful & be fearful when others are greedy" -Warren Buffett

@@diegomoreno6274 thats why investing is always a risk but if u know a bit about the companys you have shares of and r pretty sure they will survive the recesion and will grow again u will make big profit

The Last Danite that’s not true, a study recently showed that the top 1 percent pay less taxes than the poorest Americans.

@The Last Danite True

@The Last Danite even if that is true it doesn't really mean anything. They have the most money, it's possible they're paying the most taxes while still not paying all that much in comparison to their overall wealth. Although, as Liam Walsh has pointed out, it's not even true anyway.

@The Last Danite Paying 30% on 1 billion leaving you with 700 million vs Paying 20% on 35000 leaving you with 28000. Which do you think is more tolerable?

@The Last Danite Does your mum know you are online? Here’s a question. If you made one billion dollars in one year ($1,000,000,000) in one year and you paid 1% tax, how much would that be? Here’s a clue: .01 * $1,000,000,000 = $10,000,000 (ten million) Next question, if you paid 20% tax on $40,000, how much would it be? Here’s a clue: .2 * 40,000 = $8000 Next question, what is more, $10,000,000 or $8000. Here’s a clue: it’s not $8000 Next question, who pays more tax relative to their income? Comprende?

Yea its only leading the human race into extinction :(

What country are you from?

@@bishboshs Norway

Oh, boy! I have a bunch of extra money and a deep Respec and admiration for the workers who make it for me, let's give it to them! - Every business owner ever, according to trickle down economics