Comments by "" (@badluck5647) on "Economics Explained" channel.

  1.  @ReggieMeisler  Says someone who was at the mercy of ISIS until America rooted them out of their training camps. Says someone who is dependent the US Navy keeping Iran from stopping the flow of Middle East oil. Says someone who depends on America to prevent Russia from invading NATO countries. Says someone is depends on the US from preventing China from conquering those in the South China Sea. There are plenty more examples of how America acts a deterrent to war, while Europe gets all the benefits without any if the costs. Freeloaders.
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  2.  @JoshNicotine  The inflation issue is due to bad government policy and not an issue of wealth inequality. Trump and Biden flooded the economy with "free" money without addressing the lack of productivity. Many took the "free" money as an opportunity to leave the workforce with excuse that working is somehow demeaning. Less workers just exacerbated the supply chain problems further.
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  3.  @JoshNicotine  Both parties want to close tax loopholes, but the partisan bickering is so destructive that they can't even pass things they agree on. Amazon is an interesting case. The company loses money and runs on debt to rapidly expand to multiple markets. The government actually designed the tax code to encourage this as all the construction and job creation is a huge net positive for tax collectors. Amazon basically copied the Walmart playbook, but eventually, Walmart ran out of places to build new stores in order to keep their near 0% tax scheme running forever.
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  4.  @JoshNicotine  They get paid in stock options for building a company that brings value to the market. I don't see Sanders complaining that Amazon is selling his new $30 book to more markets, so he can buy his fourth home.
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  5.  @JoshNicotine  Both parties have closed loopholes, but the problem is that $billion accounting firms just find new ones. Complaints about Amazon are stupid. They pay 50% higher than most unskilled labor, so they expect higher productivity for their money. If workers rather choose to find a lower pay job that is less demanding, then they are free to do so. If Amazon is so bad, then why is Bernie Sanders now offering his anti-capitalism book on Amazon's Audible?
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  6.  @JoshNicotine  Trump is not paying taxes because he is a terrible businessman. His losses were so huge that even when he became profitable that he didn't make enough money to override the net operating loss. The tax code allows one to carry losses forward as it gives underperforming companies a chance to stay afloat and keep the workers employed. You know Trump is getting desperate for money when he is selling NFTs. Meanwhile, Sanders is raking in money selling overpriced books on Amazon. He is also so generous to the less fortunate that he donates almost 2% of his income to charity.
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  7.  @im2randomghgh  A) Soviets were never better fed. Even when there wasn't famine, the Soviet Union had a bland diet that lacked protein. B) "Educated" is relative as more Soviets learned Marxism, but they fell behind in actually important fields. C) Industrialization is easier the further behind you are from your peers because you can borrow knowledge from industrialized societies instead of learning everything from scratch.
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  8.  @thelouster5815  Fascist doesn't mean authoritarian. Fascist states are right-wing with characteristics such as ethic nationalism and crony capitalism. This is a better discrimination of modern Russian instead of Soviet Russia. Communism is a different type of authoritarianism.
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  9.  @mrsoisauce9017  The Nordic model is built on a small population with abundant natural resources, robust support of the private sector, and massive use of illegal migrant workers who labor runs the economy, but they don't get access to the large social safety net. In addition, based on PPP, the Nordic countries have money, but they have limited buying power.
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  10. Except no except the EU wants to be the world's reserve currency. China actively prevents demand for their currency through capital controls to keep its export advantage.
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  11. *Texas is the most diverse state *California has more blackouts than Texas by a large margin *Cities with stricter gun control have higher gun violence It's funny how inconvenient facts are in pushing a narrative.
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  12. China doesn't have friends. Only vassals.
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  13. It just needs to be unpolticalized
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  14.  Save 🇺🇸  Biden wanted to be a famous president, and he will be with the likes Hoover, Buchanan, and Trump.
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  15. We learned politicians don't understand economics at all. *One side doesn't understand that Keynesian economics requires one to cut spending when the economy is good instead of just increasing spending when the economy is going through a slump *The other side doesn't understand that the second half of the Laffer Curve of supply-side economics shows cutting taxes too far will reduce government revenue instead of increasing it.
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  16. How can anyone see the consequences of this massive government spending and think that we should have more of it? Maybe I'm the only one tired of labor shortages and inflation?
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  17. President Pooh is also sabotaging the Mainland economy over political and ideological ambitions. Basically, the mainland is backtracking on progress.
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  18.  @pemawangdi9973  The fact that you have access to YouTube shows that you are the privileged class and not representative of the population.
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  19. I imagine it would be a lot like Brexit.
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  20.  @xtr.7662  Being the South "colony" would be a happy ending considering they are the Kim family's serfs.
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  21. The G7, with Trump gone, seems to be on the same page, while BRICS just seems to be China and Russia pushing for the others to make empty promises.
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  22. My favorite argument from socialists is that they describe "crony capitalism" as "capitalism" when the reality is that crony capitalism is actually an argument against more state involvement in the economy.
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  23. This is why consoles are better.
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  24.  @PARK-sy3tf  American eat a ton everywhere as our understanding of portion size has been warped. The South just has a worse diet of processed foods, fried foods, and a cheek full of chewing tobacco.
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  25. If there are too many poor farmers, then why does the CCPP prevent these farmers from moving to the cities where more jobs are available?
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  26.  @roryhanlon927  Don't be dumb. One of the appeals of China is its huge source of low skilled labor. It doesn't take a genius to work a textile plant for example.
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  27. Jealous libs are coping hard
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  28.  @yami6499  I was pointing out that India needs to avoid being under China's thumb. During the Cold War India avoided being a Soviet puppet, but the modern era India keeps aligning itself with nations beholden to China. G7 is dominated by the US as Trump was ignored during his time as president during these meetings. NATO is designed to not be dominated by America, and that is why Hungary and Turkey can veto Sweden's membership. India likes to join symbolic organizations like QUAD without any intention of taking action. Until India is willing to defend intentional democracy and sovereignty, there isn't really a place for them on the G7.
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  29.  @crypticTV  All of China's neighbors would disagree. If it wasn't for Chinese aggression, then South Pacific countries wouldn't be turning to the US to protect their Exclusive Economic Zones.
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  30.  @abishekraju4521  Having India join just for India to push for more ways to profit from Russia and China's war crimes and human right violations? No.
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  31.  @leolucas1980  The failed states can't pay their employees a liveable wage or pay them consistently. Bribes are necessary to keep services running.
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  32.  @leolucas1980  In failed states, the alternative is no services. It is almost privatized to the point where they need to be affordable enough for people to bribe them, or they won't bring enough money to pay the bills. Again, there isn't a better option in these countries.
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  33.  @sparks1792  They use VPNs to access the gambling sites and they think this is okay because American YouTubers mislead them about the illegality.
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  34.  @dundee2858  FTX?
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  35. Sociolism + Democracy = Populism Just look at Venezuela where the public companies cared more about "buying" votes instead of productivity, innovation, and investment.
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  36. I respectfully disagree 🤠
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  37.  @redplague2133  A drop in one's standard of living is a historically proven catalyst for revolution. Considering how the Russians cheer Putin as he commits war crimes, I don't have any sympathy for Russians as their standard of living drops. They will still be in better shape than the Ukrainians who had their homes destroyed and families murdered by Russians.
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  38.  @MartinMartinm  That only works for Japan and Germany, because their domestic market is small and they primarily build and sell in other countries. Meanwhile, France, Russia, and Italy have protected car markets that produce inferior cars compared to what could be imported.
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  39.  @redplague2133  The worst individuals are those who have ties to Ukraine and choose to do nothing.
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  40.  @redplague2133  Wierd how all those countries were autocratics with Russian support.
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  41.  @redplague2133  Castro and Saddam were supported by Soviet Russia.
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  42. The good news is that illegal immigrants can't hide from property taxes and sales taxes.
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  43. Also, China doesn't have friends. Only vassals. And India refuses to be a vassal again.
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  44. Every video on a nation's economy mentions the value of skilled labor.
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  45.  @Sam-ip6co  It is just a fancy NFT. They hype up everyone to buy the art not because of its value or purpose, but because the customer can sell it for more money latter. These speculative bubbles always pop with the earlier adopters the only ones making money. The rich only buy art because they can make up values as losts for tax cuts or gains to then donate it for tax cuts. Your partial share won't let you do baseless speculation.
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  46.  @Fantastic_Mr_Fox  The novelty they are selling is a lie as owning land in Scotland doesn't get oneself a title. It is like buying a whoopie cushion and then finding out that it doesn't make fart noises.
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  47.  @Fantastic_Mr_Fox  If they are guilty of false advertising, then how is it not a scam?
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  48.  @Pjimp137  The other G7 members' economy is as big as the US economy, while China's economy is more than twice the size of BRICS members. The G7 is also highly aligned with other major economies like the EU, South Korea, Australia, and Isreal. Meanwhile, Russia counts Belarus, Syria, Venezuela, and North Korea as their besties.
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  49.  @urubissoldat5452  There hasn't been a lockdown in months. No one is going to believe someone couldn't work for over a year due to covid. Even if you disagree, most HR people I know see it that way.
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  50. Ask yourself why the Russian trolls are working so hard to convince everyone that sanctions don't work?
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