How The Super Rich Avoid Taxes (Legally) 

Yeah, the REAL Thing..

@@hithere3087 Did you really just delete all your replies? lol

@@Davethehedgehog that's what they do. Check out the simps for Jeff in the other comments. It's either sad, or hopefully these fools are just trolling.

​@@anonconspicuous6910 I think the former. Super edgy probably says the people complaining are just doing it because they're too stupid to be billionaires, unlike their superior arse, who chooses not be to be rich because they don't care about money. Then says they were just trollin' bro and there's nothing anybody can do to change it anyway because it's just the way things are.

@@Davethehedgehog LOL!!! You are correct. When I was a kid, I was always told "people my age don't want to work", and I vowed to never be like that. But employing Zoomers in my business has a 0% rate of hard workers. Maybe growing up with smart phones and social media makes zoomers lazy and lacking in work ethic? They would rather check their social media than do their jobs. But I've seen many boomers equally as lazy, as they refuse to learn anything new. What if Boomer taxes went only to support Zoomers and vise versa, and millennials taxes just went to supporting other millennials. We are the hardest working generation since the industrial revolution, and we have to work hard and we pay our taxes to support everyone else. It sucks being a middle class millennial, as we have to support everyone else. My $1,300 a month health insurance bill supliments all the bums on Medicaid. But since I'm middle class, I am screwed paying for everyone else. I wouldn't mind, if I could use the disability taxes I've been paying into since I was 14. But I'm not a sponge on the system, so I am forced to pay more taxes than the super rich and the bums who don't want to work. Even though I work 60+ hour work weeks with a maimed leg from an accident. What boomer or zoomer could lose half their leg and work over 60 hours a week? None that I know. They can't even show up for 20 hours a week.

Stole the words right out of my mouth

Shut up Meg.

Is taxation by force moral or ethical though?

@@sevenproxies4255 If it's by force, the answer is pretty clear.

@@DP12321 Well isn't all taxation done by force towards the unwilling? Just because you dress it up with the finery of court cases and lawyers duking it out, at the end of the day, the deal is still "pay taxes or we lock you up in prison". I would say that taxation would be more moral and ethical if the individual had the opportunity to opt out of tax funded services. For example if I told the government: "I don't want to use your schools, your tax funded health services, public roads, public parks, call the police if my life or property is in danger" and so on, and I could then sign away my tax paying responsibilities by also signing away my entitlements to tax funded services. One could no longer make the case that I'd be getting taxed by force. But no government on earth offer you this way out of taxes. These wealthy people could arguably afford their own services. They don't need publicly funded hospitals because they can afford to pay for private healthcare. They don't need police protection because they can purchase the services of private security firms. They don't need public schools because they can send their kids away to private schools and so on. In short, society wouldn't have to pay for ANY of their needs this way. So therefore it would no longer be reasonable or fair to force them to pay taxes. But since no government allows them out of it, and basically just view wealthy and successful people as cash cows to milk at the government's choosing, I can't say that I can blame the wealthy for exploiting legal loopholes to keep their money to themselves.

Psychopaths are incapable of empathy so they sleep just fine.

You've answered your own question yourself. "I *once* stole..."

Omg, I didn’t expect to see you commenting on this side of RU-vid!

Millionaire entrepreneur born in 1964

That’s way riskier than just stashing it in real estate

@@aygwm it's not risky if it's entirely legal? Like m8 if your lifestyle is that of always-being-at-work like crack head, then yeah i guess you should expense everything. you live at work.

I'm sorry, do you think these wealthy people don't have a detailed portfolio of their assets, values and depreciation? We're now blaming contemptible wealth celebrity for the bureaucracy of government. This is the laser focus of the audience as I scroll down.

But poor people don't have cars lol

@@JayLeePoe u should laser focus ur head with a red dot

Strong words...

Wise words...

Other countries use those two terms the same way, Georg is apparently just ignorant to the important difference and has conflated the terms in the video title.

I don't say "evasion", I say "avoision".

@@casbyness tax avoidance is just tax evasion for people who are rich enough for a good lawyer. That is why the "difference" between those two terms are completely irrelevant

Don't hate the player, hate the game.

Are you going to name them? 😂

@@waterandafter The game is rigged

Damm, thats a S-tier slogan.

Ha !

I'd like to add, if you don't mind, that you will also never be a billionaire and most won't be millionaires either so stop licking them boots.

Most people you’ve never met or interacted with before are not your friends either dude.

@@johnm91326 yeah, I was going to say--the creatures that ruined my grocery store on Aramingo Avenue and the ones who block my path to the job I go to so that they can get their precious online-ordered crap they bought from Jeff Bezos (who they claim to hate) in a timely manner also aren't my friends, so I'm not sure this is a "wealth dependent" characteristic

It is impossible to get that rich without engaging in some pretty shady behaviour. Not only are billionaires not your friends you wouldn't want them to be. Most of them are sociopaths or close to it.

They literally want you dead or enslaved, especially if you're white and/or conservative (real conservative not Ben Shapiro muh free market bs)

If he were younger and not black-balled, Spacey would be the only choice to play Bezos.

He already played him in Superman Returns.

@Paul Craig Astute observation. Now I can never unsee.

Kevin Spacey is a great actor, though, Bezos is just not one of his best roles, I blame bad direction and the man gets what he can now these days given the "situation" he's been facing.

"You have to pay tax" "WROOOONG"

Obscene is how much our money is stolen by the government as “taxes”.

Me too

Has anyone ever told you that you have an incredibly generic name?

I want to live in a world without homeless or less fortunate that's not happening on earth soon let's go to mars won't have to look at them

I hope these billionaires get stranded in space

What's the point? Even if he donates his money to these countries the government will steal and misuse it. Look at China filling the pockets of various African leaders so they have access to their vast natural resources, yet these countries still stay dirt poor. The only way anything will ever change in these places is if the people overthrow their government and install a legitimate form of democracy.

Not possible to solve with biological humans.

@@muccmaster Stop blaming the victims. The thousands of children who starve to death every single day are not at fault. It's not their responsibilty to overthrow their government and establish democracy. They need help

It would be based if he made videos about movies again.

@@Peroid000 based is now advocating for more taxation? Jesus, bootlicking is truly chic now.

@@JayLeePoe Bruh. I just want him to talk about die hard again.

@@JayLeePoe You're probably poor.

@@elias_xp95 hahaha you have a fucking graph as your avatar? _jesus bro, do you people follow a pattern or what?_

Wealth is limited; the more scarce it is, the more valuable and socially powerful it is. Those who hold a disproportionate amount of wealth over the masses are more socially powerful than the masses. They also largely dictate political affairs as well, particularly in regards to economics (which politics is essentially about, but I digress), despite not being elected in any elections. Think about it.

They don't hoard money. They invest it. They aren't scrooge mcduck with a vault in their house.

@@arisukak "invest it" it's given to them as stock, that's investment in the most meaningless use of the term, it's equivalent of putting money in a savings account and claiming I'm an investor saving the economy. Not just that the stockmarket is internal, the last year has shown that, while the economy tanked, stock markets were doing records.

Pretty much sums up crony capitalism perfectly.

​@@arisukak They invest in stocks and furthering their own wealth. Not the communities. Generosity is an afterthought, with wealthy individual's philanthropy being used as primarily for tax deductions and PR purposes. Maybe some scrubbing away of the guilt too I.E Andrew Carnegie starting the Gospel of Wealth movement after a lifetime of encouraging Child Labor and reducing worker wages.

Blackpilled deus ex

I recommend video "deus ex drops redpills"

Black pilled again 😔

Those numbers are completely fabricated. I’m a tax policy expert.

@@ryanellis7842 this game came out 20 years ago and takes place in 2052. Also, while the numbers aren’t exact, it is still a mostly realistic approach to it.

They do pay what's due, that's why they don't go to jail for it. And it's not a bad thing. BIll Gates is pretty much bankrolling the whole anti-malaria effort. Imagine what the government would spunk that money on instead.

I don't care that they have wealth, I care that they use it to subvert and destroy the civilization in which I grew up and am currently seeing collapse in the name of some evil globalist experiment.

A) They pay more absolute tax than anyone else. eg Bezos paid around 1b in tax last year. Isn't that enough? How greedy are you? B) You would trust a government more than someone who has created a successful business with that wealth?

It’s because rich person shills think they have a chance of making it big, when really they have more in common with a homeless drug addict than a billionaire.

@@kman9884 Who has more control over your life, Bezos or the IRS?

The middle class is defined by home ownership, which includes disgusting parasite landlords.

In space, no one can hear you pay...

@@KnuckleHunkybuck no one can make you pay

If by "at times" you mean all the time, I agree.

Sold his soul to Dagon. It's the only theory that fits

As does Jeff really....., and Elon....,,, oh wait a sec......

Lizard

Opera house in Cleveland? My experience in Cleveland was riddled with mugging and violence on the streets in broad daylight. But the opera house would close, and they could claim debt

We talking Cleveland UK or USA?

It's like subscribing to some posh newspaper.

Georg is the man!

That plays into all kinds of other justice...there's justice for most people and then the slap on the wrist for the people that can pay lawyers to muddy the waters and dilute the charges. "Oh, a $100,000 fine for the negligence of my company that resulted in 3 deaths and 24 permanent injuries?" vs. "Triple life sentence for stabbing a cop in the butt cheek while they were wrongfully detaining you and were literally beating you up in the process."

often with reason, being that above a threshold-- said person is actually stimulating the economy enough to catch the vip badge. Or should be. Mostly it's fealty to the industrial war machine and once you pay enough dues then we can say you're caught up and not worth the shake as much as keeping others in line, what don't even have aspirations of paying back colossal loans of millions, if they can even afford a home anymore.

@@JayLeePoe What the fuck are you talking about

Tax avoidance is only economical after a certain threshold. You need lawyers and accountants to make it work. If you make bellow a certain threshold, the cost off tax avoidance becomes higher than paying the tax itself.

Barb thanks you. She says she'd love for you to write her about your impressions.

Yes.

Jeff

That’s his personal wealth, not his majority stake in Amazon. Additionally, he could change Amazon to provide better salaries for low wage employees with the control he has, why doesn’t he?

@@dropit7694 He probably should. My point was only that the wealthy hang onto assets because of the control it gives them, incidental to the money itself.

@@smittywerbenjagermanjensen9809 Your point was refuted with an accurate counterpoint, though.

@@dropit7694 He has a majority stake in Amazon? I see about 10%. 60% are institutional investors, amongst them quite possibly your pension fund.

You said 'unfortunately' but the adjective you were looking for is 'based' or possibly 'fucking based'

@@Whiteboykun having to pay for your own basic education, roads, firefighters, street lights would not be very based unless you were a medieval peasant

@@Whiteboykun Why do you talk like a 13 year old?

@@Leon_der_Luftige I like your username it really emphasizes your missing chromosomes

Considering the tax code and how it is distorted, yes, it is.

The problem is people keep thinking of writers and other influences as "ours" or "theirs", as ammunition or even dead soldiers, in a culture war. People like Orwell are quite heterodox, I am not surprised much of his writing strikes a chord with non-leftists (and honestly a lot of leftists need to lie to themselves too to pretend they are anything in line with Mr. Eric Blair), but I think most people stick with his anticommunism and non-marxism and little else. Honestly, right-wingers becoming more heterodox and absorbing in earnest some Orwell would be quite healthy to politics, but they barely go beyond reading/repeating his jabs at "commies"

Can confirm. :(

There are no taxes in space. Claim the moon as your business headquarters and primary residence. No tax payments necessary. This guy is is playing 4D chess with tax evasion.

Not in a suborbital.

Plus, at 17:45, there's a poem the Jez would be proud of

If he goes to space I hope he has a one way ticket.

@@pastlesandfish and no phone

Plastic libertarian silly billies

as a connoisseur of such cuisine, I recommend consuming them alongside Szechuan sauce

@@headsworthtg3585 Hello Reddit

@@arempy5836 Hello there -Obi Wan Kenobi

You sure look poor.

@@russell-jaygould.8625Haaa! That would also make for an interesting video. Enjoy your Sunday, looking forward to seeing your film.

this dude is advocating for paying taxes on stuff you already bought and paid taxes on, thrice over. He wants a 4th tax. For owning shit that you already have. That's the math being encouraged here by Georgy. You can't just pay $455M or 30% on your $1.52B yearly earnings; _you must pay for that $15B you already earned and paid for! It's not like sales, property, gas and other taxes exist on top of income taxes._

@@JayLeePoe exactly. I'm just trying to bring up the law of unintended consequences. It seems that every. Single. Time. Someone comes up with a new scheme to get more money from the ultra-rich, they can't fathom that anyone might change their behavior, or how this will actually affect regular people too. Then you end up with some restaurant owner who wants to give his employees an extra $100 after a good quarter, or whatever, and they only take home $65 because "only wealthy CEOs make bonuses." Aside from the disproportionate power large sums of money can have in politics, I don't care that Jeff has more money than he can spend in 5 lifetimes. This sort of imbalance tends to take care of itself after three generations. Either it's invested wisely and contributes to the economy, or it's squandered. Either way, the government will take it's bites over the next 100+ years. And whether the regular people are building a super-mega-yacht complete with runway for business jets for Jeff's grandson, or employed at a startup he helped finance, the money gets spread around.

@@jimstanley_49 They simply want to make it harder and harder to accumulate wealth. for anyone. The trends are towards you not owning the things you own. Right To Repair goes across all industries, farmers to apple tech. It's from all sides; the gold standard has long been used to keep "lesser" regions in perpetual usury. You don't own the electronic products you buy online, you're subscribed to a service that allows you to access content you've paid for, very much like a product that you, once, simply owned outright. It's the biggest backlash to Internet piracy that gets hardly a sniffle. How much wood pulp can we put in this until it's no longer considered a true food product? Home ownership? I'm sorry pal but you need to afford the new tax for owning a house. Property tax? No, the other one that essentially doubles the cost of home ownership... for the generation with the least likelihood to ever own their own home. Yup. Sounds good. Soon we can just lease property from the government just like they do with The CCP. No property rights!

JEFF

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-0OzXZGA1k3s.html

Based

transformation of goods is an inherent increase in value I.E.: a plate of spaghetti composed of 100g of wheat and 10g of tomato is inherently more valuable than the raw ingredients. While investment deserves a profit, it's unfair to say that "low labor" is not productive and only transformative: transformation of wealth is increase in wealth. Whereas investing in a plot of land and a bunch of bricks takes you nowhere without the labor to turn them into a building. Those in investing positions set out to "make unfair deals" only because the imbalanced positions of power created by their wealth. Those in "low labor" positions have to accept being "ripped off" only because they start off in a position of relatively low power. Modern capitalism is to economy what the feudal dark ages were to politic power: the powerful use their power to reinforce their power over those without.

Do I say it on the way in, or on the way out? I feel the way out would be sufficiently graceful to these monsters.

You’re just big mad that they’re better people than you ever will be.

@@seanwieland9763 Ah yes, such geniuses that were able to *checks notes* realize that people would buy shit online lmfao

@@longliverocknroll5 obviously people value that very highly. That’s precisely what the price signals are saying.

@@seanwieland9763 brainwashed much buddy. Rich & poor are fine, but at these levels of inequality its bordering on grotesque at this point.

@@LeeThomas1 In space nobody can hear your stomach growl.

they’ll just move to Branson’s private island

Wouldn't that apply to loans taken out with your house as a security?

@@newerstillimproved Depends upon the jurisdiction. My experience has been that most (or at least many) places assess an annual property tax on residential housing, scaled upon that year's market value. But sure -- if you are some kind of housing guru who owns 10 houses worth $1M each, and you need $2M in liquidity, and those houses are not taxed, then you bet -- either sell 2 of them for the cash and take the tax hit, or keep them all and take a $2M loan that is taxable as income.

@@ravenlord4 The annual property tax is one thing, but there is usually also a capital gains tax on the house, if you sell it for more than you bought it. But that latter tax is only due once you sell it, also if it's the only house you own. Actual rates depend on the income, how long you had the house, etc....

@@newerstillimproved Ah -- for people who only have a single house, then yes -- tax a loan against a house that is fully owned, or against equity on a mortgage, and adjust it against the current ongoing property tax. It is disposable income at that point after all, and you have the additional benefit of most mortgage payments being tax deductible on top of that already. Think of the loan as selling the house (or a percentage of the equity) to a creditor, but he sells it back to you later instead of keeping it or selling it to someone else.

I would say he is ether disingenuous or he does not understand how money works. Wait till he finds out some people have millions or even billions in Roth IRA's and when they retire they get the money at 0 taxes.

i'd just put in a hungry Jaguar instead of myself. Or maybe just a mountain lion to prolong Zucks suffering a bit.

What are you even trying to say? The answer would be pay your fair share. That house only has that value due to the infrastructure surrounding it.

@@Alex-cw3rz “fair share” is not objective but personal opinion. I am trying to say that the increase of value of stocks you hold is not profit, same as the increase of value of your house. You shouldn’t pay tax on either. Pay tax on the profit you make when you sell.

@@realGBx64 no it's very objective in fact, they need to pay enough for what they've used and investment for the future simple as that. okay yeah it's different to normal way a business runs, by the fact you did nothing to cause the growth. But that's like saying nothing should be taxed because inflation will cause a raise that was nothing to do with increased profit.

@@Alex-cw3rz yeah well, the government prints money that destroys the value of the currency, and then taxes you on that difference doesn’t seem fair to me in any way shape or form. Your definition of “fair” is still just super subjective. Because in my book, they put in the investment for the future up front, they increased the value of the asset by making it more efficient and productive, so actually they made things better in totality.

@@realGBx64 Shares provide dividends, you fucking idiot.

Greed vs mass genocide, though choice, do I get to be in the ruling party?

@@trinidad17 Capitalism has been the root of global war and genocide for at least the past 100 years.

they really do

Ah cool, another person who has heard shit on fox news and automatically believed it.

@@oxymoron02 Ah yes, anti-Israel fox news

im pretty sure all of them are lazy and complacent. i went to a rich school as a poor person and i watched all these rich kids build fortunes by having support of people who share your philosophy and i guess not care about everyone who need help? they think its a dog eat dog world and then you listen to baseless claims that somehow the government that put all the engineers to work in the 40s and 50s and made this country what it is are the problem but people like ronald reagan who lie to voters tell them hes religious and close all the mental hospitals (where do you think all those old homeless people came from?) are heroes. even though the math clearly showed he fucked up this country. that everyone here wanted al gore as president. that people had to be divided and filled with fake patriotism to be convinced the war on terror wasnt to secure oil in the middle east and help out the right wing's friends in saudi arabia you know the place that harbors bin laden and had to be killed by the democratic president because bush wanted bin laden. just like the gop wanted the paris attacks so they can claim immigration is an issue. all the people there were organized citizens. youre being played like a fiddle.

@@eatmanyzoos You claim to disagree with me, but then cite a long list of government and public sector failures as your evidence, reconfirming my point. You realise Reagan was public sector, right? It is a dog eat dog world. One aspect of this is the smaller dogs trying to trick the bigger dogs into becoming smaller, because the smaller dogs want a better chance at eating those bigger dogs.

@@casbyness its the same philosophy that the super rich have. theyd feel the same way they were poor. in fact they see us all as one big dog and are bitter and resentful even though they have everything they need. there is no reason the billionares need all that money. its just so easy to them and thats all their good at. all these billionaires have no real friends and are miserable. they have to take acid every day to believe they are operating on a higher level. ive taken plenty of acid and it just showed me how we are all the same and they are no more qualified to run companies than i am. someone who would have the same salary as their employees because id make companies for the positive impact. id be able to if monopoly laws were useless because of citizens united, you know the libertarian wet dream .

@@eatmanyzoos Because the government does care about helping people, right? Pay your taxes, plebes, and now that we paid money that some random politicians are going to waste, let's avoid all personal responsibility to help the people in need, pretending we actually already did something useful.

Yes yes, I would perfer ego maniacs with no regard for human life who bank on the firther exploitation and sickness of the people they leech off of and treat like dirt than people with a strong moral compass, strong beliefs in the self sufficiency of a country and people as well as hold great care for their education and health. Between those two the first sounds the most appealing! Seriously... you're brain is rotten

Goddamnit. Gross.

Wealth is never a zero-sum game. Taxes destroy wealth.

That's the great thing! They could lower everyone else's taxes if they just made the rich pay theirs.

@@Zwickerly2 Yes, that would be great. Now what do you propose to make them do that?

More likely people who favor a more nuanced take on taxation.

@@pretorious700 What wasn't "nuanced" about this factual video?

At least they have the good sense to learn from the winners instead of making excuses for the losers.

@@pretorious700 the nuanced take is that taxation is theft.