Comments by "Kristopher Driver" (@paxdriver) on "How Money Works" channel.

  1. Worse than all that, subscription services can just decide to change their services or library on a whim. If you bought the library you'd always have access to the content you bought, but subscription streaming means you may not be able to watch any of your favourite movies / shows years later. The cost of buying them is sunk over years of subscription, but when you cancel it because they have jo content anymore you're left with nothing to show for the decades and money spent streaming it all.
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  2. Critical oversight: "small business registrations" can also be a sign that there are tax advantages to having write-offs for things they'd be buying anyway, like utilities, rent, equipment, vehicles, and all kinds of ways to defer income to pay a lower marginal tax rate than on their personal income. It's a bad sign when everyone in the country all squeeze through the same tax loopholes. It explains why the people look poor, because their wealth is being hidden so they pay less taxes but they still own that money they earned, it's just that now they get write-offs so they look poor. Looking poor is also the point.
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  3. The adani debt is more about using borrowings to prop up underwater subsidiaries just days before those subsidiaries would've defaulted on payments or periodic reporting targets which would've looked bad enough to tank their values were it not for adani's creative financial gymnastics. The debt in green energy is an issue because of their relationship with Modi and the government's subsidies being the main factor in the green energy ventures just like Musk businesses relied on government for profitability and high valuation. I think you missed the mark big time there, with all due respect.
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  4. This is the real story at the end imho - the government encouraging it for mass appeal instead of common sense or the public's best interest. That's what's seriously harmful, making things worse because this term or election is all that matters or because average people get angry about the economics they don't try to understand. We're intentionally reloading the foot gun and shooting repeatedly to avoid having to walk to the couch on an injured foot... It's so dumb.
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  5. Small correction: tech billionaires didn't have to earn their investment capital, they all had sugar daddies lol all of them didn't just happen to get into Harvard on affirmative action scholarships, their parents had to force them to go. God bless nepotism. It's not the financial crises that crippled millennials, it's the housing boom, vehicle boom, and war vet programmes that made boomers' parents capable of helping boomers get in on the abandonment of the gold standard and fiat leveraged debt boom. Nothing to do with jumping in on tech in 1975; anything you touched from property to education to muscle cars all were affordable at minimum wage back when managers made 23x employee incomes as opposed to today's 230x avg emp incomes.
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  6. You don't want to "make another stupid fin-fluencer video" but you make a point by related property affordability to a specific year, knowing real estate is a long cycle asset coming out of 10-year 0% supercycle post-pandemic period??? Really, really strange choice there lol
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