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How Money Works
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Comments by "" (@badluck5647) on "How Money Works" channel.

Those same employees will be retiring at some point with a 401k that is funded by businesses that do the exact same thing. A lot of people demonize looking out for shareholders until they see their retirement portfolio underperform.
244
Worst is when they make you go through the interview process when they already know who they are going to hire/promote. I was courted to interview by my company when they already knew they were going to give the position to someone they hired last year with the promise of promoting them when a management position opened.
140
You win by agreeing to the status quo and then have Musk on Twitter and Murdoch on Fox News declare victory for the president.
98
@WanderingExistence Blah, blah, blah. All I heard was that you are a hypocrite who doesn't like how companies choose profit over workers, but you only put your 401k contributions into companies that focus on the shareholders over workers.
72
Come for the video, Stay for the Boyle wit
52
In Houston, we joke the moral that mega preacher Joel Osteen got from the story of Noah is that Osteen needs a giant yacht.
48
@1JohnnyCruiser Ok, boomer. Salaries haven't grown since the 80s, but home values are 4 times as high. Meanwhile, it is difficult to save when rent is 30% of a salary on average instead of 18% forty years. Lastly, the cost of college has went up 180% even after adjusting for inflation, so the debt burden on young people is much higher. Or you can blame avocado toast. 🙄
46
It is a cylindrical cycle. As time goes on, we forget why regulation happened, so we cut back on regulations to cut inefficiencies. Of course, this leads to bad actors taking advantage of relaxed regulations, and then we start the cycle all over again with new regulations to address the re-emerging fraud.
38
Except he did before. Good stock pickers don't tend to tell people their investment strategy, because once the strategy is well known, they lose their edge. Any recommendation he makes will artificially make the stocks overvalued due to his large audience.
35
@WanderingExistence Were serf wages allowed to buy ownership of the lord's lands to share in the profits? No? Then stop with nonsensical comparisons
34
Will the matrix break if Cramer recommends SJIM?
33
@gameplaysuffering1620 If you bought stock that has a CEO focused on shareholder profit, then you are the problem. You can spin it however you want, but we all know you won't be moving your retirement funds into less profitable investments like bonds because you are a hypocrite.
31
@WanderingExistence Try Cuba where the state owns everything and workers have "jobs", but don't work or have money.
26
The protectionism benefits key domestic players at the expense of everyone else.
24
@BillLaBrie Industries only self regulate to prevent the government from stepping in to regulate them. Basically, the study you are referring to is an example of selection bias as the most out of control industries are the ones that catch the government's attention.
22
@notcesr7136 Many people don't realize that company loyalty is BS until they get laid off to please the stockholders.
19
What is the value of an unproductive, unprofitable business slowly dying? If someone needs to fire some people, so others can keep their job, then that is a valuable transaction.
18
 @cranberryeater7459 That is misleading. In "poorer" countries, they may be making 40% less, but their cost of living is 60% less. To them, you seem poor.
16
@WanderingExistence The Cleveland and Preston model is a marketing gimmick. The economies rely on the same multinational companies you demonize for employment.
15
@themsuicjunkies Unlike real estate and crypto, stock values are tied to increasing productivity. This is a better system than pensions that run older companies out of business and leave retirees penniless. Even the government can't even afford its own pension scheme - social security.
14
@lucibelle Skyscrapers aren't being completed because remote work has made office buildings less profitable. People can't afford houses because liberal zoning policies restrict the supply of homes. They do this because artificial scarcity pleases current homeowners and raises tax revenue. Blaming the stock market is nonsensical scapegoating
13
If I didn't drink Starbucks at 20, then I would have retired by now.
11
@fedyx1544 Everyone’s entitled to act stupid once in a while, but you really abuse the privilege.
9
@fatrat92 You are describing "Soviets." Maybe these "co-ops" should join a "Union."
9
Makes more sense than Venmo's attempt to be a social media app.
9
@ben5845q The US stock market does outperform the general economy in productivity. It is a measurable fact. Compare this to the Chinese stock markets that have never have never outperformed the Chinese economy. The reason for this is that is because most companies on the Chinese stock exchanges are largely publicly owned. These publicly owned companies are dying because they care more about high employment and the public good.
8
@felipecouto1102 You have the intellectual debate skills of children who yell the N-word over Xbox. Otherwise, you would make an actual point instead of going straight to insulting strangers.
8
@felipecouto1102 It got the point across. One can't just filibuster a conversation with silly hyperbole that capitalism is feudalism and serfdom. Did I really have to explain how capitalist societies allow workers to quite your job, let's you own equity in businesses, and even create a business themselves?
7
Rarely does a pay boost increase the productivity enough to remotely cover the increase cost. Anyone who told you otherwise is lying or a fool.
7
@kieronparr3403 It depends. For example, Elon will be hurt by less sales of his Teslas after Trump puts a tarrif on products coming from his Chinese factory. Assuming that he doesn't get a "legitimate" waiver.
7
@awallacemusic The market and regulators do learn eventually. Just look at how fracking companies drilled themselves into bankruptcy ten years ago because the compensation packages were based on the volume of oil. This means these companies were pumping out oil at a loss, so executives earn a profit. Shareholders learned their lesson and fired anyone who didn't care about profit.
6
The best part is that Brilliant won't steal all your money through fraud!
6
Socialists think unemployment and a lack of affordable consumer goods is ethical.
5
California zoning and regulation is designed to give a lot of government jobs and to make homeowners happy by driving up the price by preventing the construction of new homes.
5
Advertisers and regulators don't find YouTube criticism controversial, so YouTube doesn't care.
5
Solution: Buy overpriced America goods. Wait, you can't afford it now.
4
@tony2888 There is a need for more regulation and better economic policy, but the current capitalist model is better than any alternative out there.
4
 @HTV-2_Hypersonic_Glide_Vehicle By that definition, Ohio is a secret as a majority of Americans couldn't find the state on a map.
3
It is too expensive, but there are times where I have used it.
3
They tried this in Finland and it failed miserably.
3
@Ry-pn2hy Employee centric businesses only survive when they are public companies that live off the taxpayer. Just look at how union jobs are driving jobs overseas.
3
@marcoweinhofer938 The bad behavior of increasing productivity? Getting output for less imput is immoral? If you want equality, then look to the Soviet Union where everyone were consumer goods were out of reach and where everyone was equally poor. At least, you would be happy no one is rich.
3
@bivensrk Crony capitalism hurts the overall stock market because it moves resources around based on borderline corruption instead of the most productive use of resources. Not using a lobbyist is like the prisoners' dilemma. Anyone who doesn't have one loses out unless everyone collectively agrees to get rid of them.
3
@gn0my Stop pretending serfs had property rights. The lord decides who lives on the land and how much grain they can keep. Let's also not pretend that people only worked during harvest season. Even basic home repairs could take months as tools to cut down and shape a tree were basic.
3
Patrick Boyle's deadpan humor about some of the absurdity in the market is great.
3
@justthebrttrk You are going to confuse people with facts. Don't tell them that the big government policies they love means restrictive zoning and less homes being built.
2
How money works: Cutting most taxes and increasing spending can't be fixed with tariffs
2
When Jay Leno thinks he is middle class, then the definition is meaningless.
2
@hugoedelarosa I don't need them to care. I need them to look out for the value of my shares. I would like to retire on my 401k contributions.
2
@bivensrk It is a little bit of a defeatist attitude. There are still opportunities for more transparency and oversight
2
@raw-b6658 You sound like someone afraid to stand for your principles.
2
@Blackatchaproduction What kinda brain dead argument justifies Communism with Whataboutism?
2
@abdoarfa22 🙄
2
Short Answer: Because Google makes money 💰
2
If loosing your job means you can't pay your bills, then you are poor. This means lifestyle inflation and excessive debt can make high income earners poor.
2
I noticed that when I stopped watching finance channels that I stopped seeing these BS influencers selling their MLM schemes, crypto pump and dumps, and useless "Master Classes". YouTube is literally targeting us.
2
@du_san Natural unemployment is a good thing as it is the process where people move from job to job to meet fluctuations of demands within businesses and industries. What is the point of industrialization without consumer goods? Sure, the Soviet Union produced a ton of steel, but it took decades to get a car. If socialism was so effective, then sanctions would hurt capitalist countries more. The only thing socialists have done well is sell natural resources. Anything valued added is beyond their reach.
1
@HTV-2_Hypersonic_Glide_Vehicle Do we actually know if Ohio is a real place? It seems like Atlantis where everyone has heard of it, but I don't know anyone who has actually been there.
1
@HTV-2_Hypersonic_Glide_Vehicle What do videos on an Italian explorer and an animated sitcom have to do with whether Ohio is real?
1
Pensions kill companies. A 401k buyout is the only sustainable solution to allow the company to compete with younger, more innovative companies.
1
Think is more of a story about how obesity will kill us all too young.
1
One of Warren Buffets best investments was Clayton Homes as he knew cheap housing would only grow in demand.
1
Social Security has a deficit. Where is the excess money?
1
If not consultants, then who is supposed to weed out the redundant positions? Bull$h*t Jobs video: https://youtu.be/uK3OBAxCi6k
1
@josephcarland Until the scheme falls apart like Liz Truss's government
1
Imagine the money saved for people who quit smoking.
1
People who love autocrats "who just get things done." What that looks like is China, where they use corruption and authoritarianism to cut through red tape. This results in things like poisoned dog food and ten-year-old apartments collapse from inferior concrete.
1
Not what the lawyers say
1
@jahjoeka Because he didn't want to buy the company after signing the contract. Due to the contract and the law, he was forced to buy Twitter even though he changed his mind. I feel like you are going to argue semantics.
1
@jahjoeka Nobody is calling him the victim. If anything, Musk is the butt of joke as he thought there were no consequences of his actions because he is rich.
1
@@dx-ew6rq Share buybacks are a scam to pay more to executives and avoid tax issues with dividends.
1
@thesquirrel082190 I assume you are so ethical that you only invest bonds to build schools that only pay 2% interests. Personally, I would rather be a garbage human who doesn't work until I'm 100, so I invest my 401k in Fortune 500 companies who try to grow my investment.
1
@fatrat92 What is your recommendation? Pyramid schemes?
1
@skaza74 The false equivalencies and lack of accountability from you are embarrassing. You won't be arrested as a draft dodger if you choose low returning investments. You are just a greedy hypocrite who would rather look out for your own interests over the common good. If you need to blame society to sleep better at night, then go ahead.
1
@jf8188 I think you aren't smart enough to be a spell checker at a M&M factory.
1
@chungo4800 The real estate companies aren't public companies. Look at steal manufacturers who can't fire staff even though there aren't enough customers to sell steel to. They are losing money because the government doesn't want the political consequences of mass layoffs. You also have government banks forced into malinvestments to serve China's political goals. This includes pressuring investments in dangerously risky belt and road investments and unprofitable loans to local companies.
1
@darkhobo Unless basic needs aren't being met, income equality is a debate about fairness and not a question of good and evil. Why is your greed for a higher income good, but a stockholder's greed for higher dividends evil? Greed is a sin either way.
1
@madhuguru3130 401k are designed to protect older companies from losing out to younger companies. My grandfather's IBM pension was a huge cost on the company, while younger companies like Google and Apple had more money to invest in R&D and higher employees' salaries. 401ks also give employees more freedom to move between jobs and don't have to worry about their retirement payments drastically shrinking if the company goes out of business.
1
@lcg3092 A bunch of whiners who can't offer any serious alternative aren't worth listening to.
1
@lcg3092 What is the alternative? Communism? Hippie Commune?
1
@WanderingExistence Your alternative is a lie that gets all it funding from capitalism.
1
@user-lo4me9oe9z Go to Cuba. Don't be a hypocrite.
1
@Ir0nFrog Have you heard of the stock market? As an American, you can buy partial ownership of America's biggest companies through an app.
1
@adrianwerner1982 Any crazier than a government/corporate ponzi scheme? aka a pension
1
@jaredjohnson8387 Pensions are just ponzi schemes.
1
@dawn4383 If you are buying an IPhone made with slave labor, then you are also a hypocrite if you make a stance against slave labor. You can't take part and benefit from a system and then complain how unfair it is.
1
@rheawelsh4142 And many would have neither if 401k were unavailable. Most companies couldn't afford the risk of a pension, while 401ks give no long-term risks
1
@Joflyer0211 Most of the government pensions are bankrupting the country and are forcing higher taxes a smaller, younger worker pool. The only real exceptions are sovereign wealth funds, but those are basically government owned 401Ks.
1
@paulbukowiecki1213 Money is only lost if you sell. If you only have equity at retirement or you are cashing out your 401k before retirement, then you are a fool.
1
@beyondEV Isn't your whole economy selling luxuries and laundering money?
1
AI is going to threaten the jobs of scam callers from India. I have zero sympathy.
1
@OffGridInvestor It is quite the assumption to just assume everyone using consultants are paying a below market rate.
1
It is cheaper to be single than married with kids. Those rugrats are expensive!
1
Irrational panic won't destabilize the economy. Sounds good to me.
1
Where are all the Indian trolls who should be calling Hindenburg racists for targeting Block? Or is it only racist to point out Indian fraud?
1
 @YouCanCallMeSir91 Realtors have a value, but they many don't add enough value compared to their costs.
1
With people needing supplies after a hurricane destroyed their community. Unions are EVIL
1
Trump had a MLM, a fake university, and a NFT. He only needs a crypto coin to get the Grand Slam of Fraud.
1
@GoldenMinotaur They make parts in China/Mexico to be assembled in America
1
@somebodyintheworld5036 Let's take dairy farmers as an example. Canadian dairy farmers export more to the US than American farmers export to Canada. Dairy lobbyists in the US want to tariff Canadian imports as it lets American dairy farmers have a captive market in the US. If Canada retaliates by tarriffing American dairy, then that is okay with American dairy lobbyists as they would rather lose a slice of the smaller Canadian market in order to keep all the pie of the larger American market. Consumers, Canadians, Americans, cheese manufacturers, pizza places, etc. will all lose. American dairy farmers and their lobbyist friends win.
1
The risk is the report could draw the eyes of regulators and politicians. I know the MAGA-hats are drooling at the idea of going after Dorthy.
1