Comments by "whyamimrpink78" (@whyamimrpink78) on "" video.

Well, first you need to understand what wealth is. A lot of wealth is non liquidated. Also, by definition a homeless man with no debt and $5 in their pocket has more wealth than I do. Why? Because I have negative wealth due to loans, mainly student loans. Now who is better off, the homeless guy who myself?
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Leave it to Mike to not understand what wealth is. Also, imagine a similar argument in the 1870s. Cornelius Vanderbilt was worth $100 million and was considered one of the richest individuals at that time. Imagine our economic stagnation if people said "millionaires should not exists."
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Almost no one has that much money. They have that much wealth where a lot of wealth is non liquidated.
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A lot of their wealth is non liquidated. So you just can't tax it or take it away.
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Remember Musk's tweet towards Elizabeth Warren on the $11 billion in taxes he paid "Don’t spend it all at once … oh wait you did already."
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@melgibson7313 kid, maybe if you used your brain and think for once you would be a part of the elites.
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@melgibson7313 again kid, if you actually think for yourself you would not begging the government for money.
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@melgibson7313 kid, again, if you can think for yourself you would not be begging the government for money.
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I think Musk is just trolling with Twitter showing how dumb it is. You can't have an intellectual discussion with a 250 character limit. So Musk is just letting it become more insane.
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@jshowa o my point is this, simply bringing up wealth inequality is flawed. As I showed, with my negative wealth I am in a better position in life than a homeless person with no wealth. Also, how do measure wealth? As you said, my degree leads to more income mobility. To add, most people have their wealth tied into their home. Beyond owning a home most people have little to now wealth.
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@vivekh7662 do they have a better standard of living? It is really hard to compare us to other nations for many reasons.
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@vivekh7662 you talk about getting a personal loan, ever thought these billionaires are savvy with their finances? You have people that can't figure out how to pay for their student loans.
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@jshowa o Elon Musk does pay taxes. Remember the tweet by Musk saying to Elizabeth Warren on his $11 billion taxes he was going to pay "Don’t spend it all at once … oh wait you did already."
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@jshowa o so you go from talking about Musk, the person to a business. You do know they follow different tax laws? Also, I support a simplified tax code. Either, at the federal level, a on the state based on population or a federal flat income tax with a consumption tax.
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@jshowa o if you want to talk about tax laws we can. At the federal level I support either one of two tax codes A tax on the states based on population like it used to be or A federal flat income tax with a consumption tax Simplified which makes it free from corruption. You ask me if I understand the tax law and I would say the issue is that many understand it. We have a complex tax code that favors the rich. How? Well, while some politicians will say they are making tax cuts for the poor, in the same tax bill they will add in a lot of write offs that only the rich can find because they have the money to hire lawyers and accountants. So for me it is to simplify the tax code.
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@keirfarnum6811 wages have not degraded. People are really well off these days compared to prior years. Also, you need to learn what wealth is. A lot of wealth is non liquidated. Someone like Musk is as wealthy as he is because he is one of the largest shareholder of Tesla. Now what are shares? Are they something tangible? Are they something you can eat or warm your house with? No. So you talk about taxes, how do you tax something that really does not exist?
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@melgibson7313 maybe for you wages have degraded because you cannot think for yourself.
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@melgibson7313 ok, keep begging for money from the government. I can actually think for myself and manage my own finances.
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@Kiljaedenas no he doesn't. A lot of wealth someone like Musk or Bezos has is non liquidated. It isn't like they have billions in cash, they don't. And a lot of value in their wealth is because they own it. If Bezos were to liquidated his shares of Amazon that would lead to those shares declining in value. And the economy has not been stagnant because you have someone having millions in wealth, so someone else wants more.
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@Tijggie82 what resource? Bezos is worth billions because he is the largest shareholder of Amazon. What is a share of a company? Is it actually something tangible? Not really.
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@Kiljaedenas it is not greed, it is how we grow as a society. You see one person be successful so you try to match it. With Elon one of that was him building electric cars and expanding our space exploration. That is from advancement of technology.
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@marlonbryanmunoznunez3179 my point is that we grew as a society because people were not putting a cap on success. If you put a cap on success you end up with no growth.
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@salomaogomes7311 my point is that we did not place a cap on success and thus our economy grew. People like Mike wants to place a cap on success and that will lead to no economic growth, no advancements in society.
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@marlonbryanmunoznunez3179 "You're glossing very much over the fact that such "success" was built on the back of workers, in the US and abroad and ended only benefiting a small minority." No, most benefit. Take Jeff Bezos, for example. With Amazon he made shopping easier for the majority of the people. Instead of people spending time, driving around looking for something in stores that might exist, Bezos made it so we can do it at home. It also led to the internet evolving even more. " The nineteenth century, the Gilded Age was a miserable time for workers " Was it? You are trying to compare 19th standards of living and technology to now where now the standards and technology are clearly better. You also bring up the minimum wage, that was a push by union workers as a negotiating starting part which ended up pricing lower skilled workers. It isn't so much of needing the very rich. The fact is that someone has to innovate, someone has to be in charge. If it is not people like Musk and Bezos, than who? Politicians?
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@marlonbryanmunoznunez3179 ok, so why innovate if you cannot gain from it? Where is the motivation to innovate if you cannot gain from your hard work? That is the point I am making. There should not be a cap on success because if you cap success people are not motivated to work or innovate. Do you think Musk would have created Tesla if he was told he could not get rich off of it? " modern Russia has plenty of billionaires now and is no more a place of scientific creation than the Soviet Union was. " You are actually giving a good example of how socialism fails. The Soviet Union, through centralized planning, was able to put a man in space but could not produce food for their citizens. What we saw with the Soviet Union was an example of centralized planning by the government fails.
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@marlonbryanmunoznunez3179 " The Bezos example you put is arguably one of the worst. Sure it might have given some convenience for people shopping, but at the cost of a terrible increase in carbon emissions and other environmental damage, hundreds of thousands of well paid and reasonable work posts on retail destroyed, to be replaced at best, with ghastly work in warehouses, while ruining the economy of small towns and city centers." What increase in carbon emissions. Arguably it decreased it as now instead of people driving around looking for an item they just buy it online. And as for workers being displaced, that happens all the time. The tractor replaced many farmers, but increased food production. So should we ban the tractor? On AOC's green new deal I made the argument of banning planes. That to travel overseas we should do it by boat with rowers. That would be zero emissions and create thousands of jobs. Is that the best route to take? As for the Soviet Union, no, people did not have enough to eat. Their centralized planning led to people starving and dying.
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@CassieAngelica a lot of their wealth are in the shares of their companies. Jeff Bezos is the largest shareholder of Amazon. What is a share? Is it something that is actually tangible? In most cases no.
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You do know he does not have that money?
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I think Musk is just trolling when it comes to Twitter. The problem with Twitter is that you can't have an intellectual discussion when you are limited to 250 characters. Musk is just showing how dumb Twitter is.
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@salomaogomes7311 ok, how? How do you tax money that is not actually there?
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@Rae Tavia you can't just sell assets like that. Doing so will actually lead to the destruction of wealth.
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