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

  1. 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.
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  2. 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.
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  3. You win by agreeing to the status quo and then have Musk on Twitter and Murdoch on Fox News declare victory for the president.
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  4.  @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.
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  5. Come for the video, Stay for the Boyle wit
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  6. In Houston, we joke the moral that mega preacher Joel Osteen got from the story of Noah is that Osteen needs a giant yacht.
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  7.  @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. 🙄
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  8. 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.
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  9. 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.
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  10.  @WanderingExistence  Were serf wages allowed to buy ownership of the lord's lands to share in the profits? No? Then stop with nonsensical comparisons
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  11. Will the matrix break if Cramer recommends SJIM?
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  12.  @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.
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  13.  @WanderingExistence  Try Cuba where the state owns everything and workers have "jobs", but don't work or have money.
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  14. The protectionism benefits key domestic players at the expense of everyone else.
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  15. @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.
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  16.  @notcesr7136  Many people don't realize that company loyalty is BS until they get laid off to please the stockholders.
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  17. 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.
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  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.
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  19.  @WanderingExistence  The Cleveland and Preston model is a marketing gimmick. The economies rely on the same multinational companies you demonize for employment.
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  20.  @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.
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  21.  @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
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  22. If I didn't drink Starbucks at 20, then I would have retired by now.
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  23.  @fedyx1544  Everyone’s entitled to act stupid once in a while, but you really abuse the privilege.
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  24.  @fatrat92  You are describing "Soviets." Maybe these "co-ops" should join a "Union."
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  25. Makes more sense than Venmo's attempt to be a social media app.
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  26.  @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.
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  27.  @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.
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  28.  @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?
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  29. 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.
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  30.  @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.
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  31.  @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.
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  32. The best part is that Brilliant won't steal all your money through fraud!
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  33. Socialists think unemployment and a lack of affordable consumer goods is ethical.
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  34. 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.
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  35. Advertisers and regulators don't find YouTube criticism controversial, so YouTube doesn't care.
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  36. Solution: Buy overpriced America goods. Wait, you can't afford it now.
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  37.  @tony2888  There is a need for more regulation and better economic policy, but the current capitalist model is better than any alternative out there.
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  38. ​ @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.
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  39. It is too expensive, but there are times where I have used it.
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  40. They tried this in Finland and it failed miserably.
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  41.  @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.
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  42.  @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.
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  43.  @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.
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  44.  @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.
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  45. Patrick Boyle's deadpan humor about some of the absurdity in the market is great.
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  46.  @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.
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  47. How money works: Cutting most taxes and increasing spending can't be fixed with tariffs
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  48. When Jay Leno thinks he is middle class, then the definition is meaningless.
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  49.  @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.
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  50.  @bivensrk  It is a little bit of a defeatist attitude. There are still opportunities for more transparency and oversight
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