General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About

IIIRattleHeadIII
How Money Works
comments

Comments by "IIIRattleHeadIII" (@badass6300) on "How Money Works" channel.

@tpmiranda the 2010s were still much better than the 2020s... :/
322
It's not even supply and demand. It's companies buying out homes or straight up building them and then price fixing based on what loan two median salaries can give you for the median home... Loans and public stocks need to go. Edit: My country went from 11 million population to 6 million population from the year 1990 to 2023, in that time we have built 3-4x more homes than there were in 1990. Yet the median home(which went down from 74m^2 to 48-51m^2) used to cost 2-3x individual median salaries, but now it costs 9-12x individual median salaries. So we have 3x more homes for almost 2x fewer people while the prices have gone 4x up. If it was supply and demand they'd be 8x cheaper than 30-35 years ago. Edit: Oh yeah and now the majority of homes are owned and built by private companies, private companies that are partly owned or heavily invested by politicians.
161
My summary is: "How tf do people keep letting a small group of people do this crap?"
119
Peaceful protests don't solve anything.
53
@noahwalters2732 Except that the real estate will scale way beyond inflation as always. Back in the day you could purchase a medium sized house for about a quarter to half a year of the average of the time salary, nowadays it's worth 10x+ the current average yearly salary...
48
@mng8680 Well it might be time we stopped living in houses/appartements for a while, at least where climate allows it.
43
@arvindkumarsingh3035 Wrong, the rich have gotten exponentially richer the poor exponentially poorer and we don't have shortages of almost all materials/raw goods.
42
If a video is 10-11 minutes, it's dragged out 99% of the time.
37
@SgtJoeSmith the purchasing power is going down, there is no question.
34
The car market was ruined in the very late 90s and early 2000s with all the regulations that made cars from light-weight, elegant and fun to heavy, bloated and boring. The latest M5 is 30kg away from being able to register it as a truck... Oh and the dumb SUV craze. And even the most basic cars nowadays are expensive. A golf 1.0 85HP now costs more than a Mustang did 10 years ago.
23
Because then the investment of the politicians would be worth less. On top of that it's NOT a supply and demand issue, it's an issue of companies buying out homes or straight up building them and then price fixing the price of the median home based on the loan two median salaries can get. My country went from 11 million people to 6 million people from 1990 to 2023, while we now have built 3-4x more homes than we had in 1990, yet the median home, which shrank from 74-76m^2 down to 48-54m^2 btw, went from costing 2-3x individual median salaries to 9-12x individual median salaries. So we have almost 8x more homes per person yet the price is 4x higher...
13
@Irilia_neko No what we need are actual protests not "peaceful protests".
12
@user-zu5do6ri6r You come out with virtually no real world skills out of school and even university.
11
@TheeRedBaron You clearly don't value your time and money. Why not buy a ferrari by that logic, buy in now at 200k before it's 350k... -_-
10
@computername Ah yes the kids of blackstone... oh wait... Nobody is saying that people shouldn't amass wealth and if you have the proper amount of children(2-4) you will have less houses/apartments than needed regardless.
9
@mikehamm648 What has a good multi-decade track record that appreciates faster than real estate?
9
And they take it away from you as well.
7
Finally someone said it... This applies to all sectors btw, be it IT, Law, doesn't matter.
7
zUJ7EjVD My country went from 11 million population to 6 million population from the year 1990 to 2023, in that time we have built 3-4x more homes than there were in 1990. Yet the median home(which went down from 74m^2 to 48-51m^2) used to cost 2-3x individual median salaries, but now it costs 9-12x individual median salaries. So we have 3x more homes for almost 2x fewer people while the prices have gone 4x up. If it was supply and demand they'd be 8x cheaper than 30-35 years ago. Edit: Oh yeah and now the majority of homes are owned and built by private companies, private companies that are partly owned or heavily invested by politicians.
7
And as usual loans lead to prices you can't afford and makes everything unaffordable. That's why homes are unaffordable too. Loans should not exist.
7
@jacobconcannon4677 White knighting doesn't change the fact that the video could have been 3-4 minutes.
6
As a university educated person in STEM, no university graduates shouldn't earn more than those who haven't, because they don't teach you almost anything in university... -_- And I had a 5.4/6 GPA...
6
The main issue is authoritarian governments with too much power, working together with private companies for their mutual benefit while oppressing the masses, this is also known as fascism, not capitalism. And if you remove the private companies and private property you just have communism.
6
@ H word?
5
@wtfbros5110 H word?
5
@ Modern SUVs are NOT more practical. And if you can't get in a regular sedan or hatchback, lose weight.
5
@aronseptianto8142 Q: Can you earn a million dollars? A: Yes. The End. That's how useful it is.
4
@cmath6454 I trust the billionaires more than the governments... Taxed means nothing when it has to go through the wonderful middlemen that are the governments. You will just make the politicians rich instead.
4
@dizzymcfizzy Well not working is not actually natural to an economy, so it does make sense, the problem is getting old. Public stock is not good that's for sure. Public stock, loans and money printing have created the vast majority of economic crisis for the past hundreds of years. Public stock should be abolished along with loans and money should be printed only when in need of more money(be it virtual or physical).
4
It's calculated risk and they should be compensated a lot more than the average employee at their companies, but not as much as they have been. In the 80s the average CEO, COO or President of a company was compensated 4-7x times their core employees(those employees usually get paid very well), but since then the compensation has risen to 75-350x times more than the core employees and in the extreme, edge cases of the most wealthy way beyond that.
4
And that's why they should be compensated 4-8x times more than the their core employees(just like it was up to the 1980s), instead they get compensated 75-350x times the core employees and in some extreme cases of the most wealthy much more than that. The employees are very underpaid, while the executives are way overpaid. Now this goes for productive employees like engineers, tradesmen, logistics and such. If you are a sociologist or teacher or cashier or waiter or gender thingamajig and all similar unskilled, unproductive jobs, then yeah, you are lucky to be paid as your job should be either automated or it shouldn't exist.
4
As it stands the current education system produces weak, stupid useless people while wasting 12-20 years of people's lives and their youth. Goes doubly so for STEM.(Ask me how I know) If kids were specialized in one engineering field, OR one trade OR law, OR commerce, starting from the age of 11-12, by the time they are 16-20 they would be highly skilled and knowledgeable experts in their (sub)field and would be able to work confidently at a good position from the get go, even if they start at a lower one. They would be able to choose where they work instead of sending their CV to 1000 companies hoping one would hire them. I have two dozen friends, acquaintances and people I know that did what I described above, ditched school as much as possible, never went to university and they got an engineering job either during high school or straight out of high school. By 22-24 they were earning 3-7x the average salary. How did they do that? Well by going to Private Courses and most importantly Self-Educating while not wasting their time in school. Only one had wealthy parents, the rest weren't even middle class. So in conclusion: Yes it is a good thing, so that future generations don't suffer. Hopefully school goes along with it. Unless they reinvent the education system to actually make you a professional expert in a field within 8-10 years.
4
We have universal healthcare in my country with a 10% flat income tax rate and it includes dental and minor surgeries. And my country is famous for being corrupt, which is funny. I think you guys just made crime legal and thus you don't count as corrupt.
4
@Kevin-cx7ln Well you can always get a 3x3 meter single room apartment with a 1x1 bathroom and 1x1 corridor for cheap. That's plenty enough.
4
I have done both heavy manual labor and am currently an office worker. I find manual labor easier, perhaps because I'm still young, so I can totally see why people want factory jobs if they paid well to be able to afford a home that you can pay in 10 years or less and a decent living.
4
@joemilligan6536 I'm not a native English speaker, I'm from eastern Europe. And before you dismiss our education, we study advanced math, physics and chemistry in high-school. Friends and relatives that went to Germany, Austria, the UK, Canada and the USA were all laughing at the math being taught in universities there in the first couple of years as we had studied it in 10th-12th grade. Also I hate the way I wrote it, but this is how it gets the attention of people.
3
@joemilligan6536 Youtube keeps deleting my comment that states that I have a couple dozen different friends and people I know(acquaintances) that ditched school as much as possible since middle school and went to private courses and self-educated. By the time they were 16-18 they got engineering jobs, yes during highschool and now at the age of 23-25 they earn 3-6x the average salary, no university, no nothing.
3
@commentinglife6175 And there is still no deep, real world knowledge and skills behind any of it. Private courses and most importantly self-education is the way. I have so many people I know, friends, that started going to private courses at the age of 10-12 and by 16-18 they got engineering jobs, yes during high school even. Now they earn 3-6x the average salary at the age of 23-25.
3
@LittleRadicalThinker He isn't worth a trillion let alone have a trillion.
3
@TheGios100 The solution is to tax consumption. If you buy a Dacia Sandero you pay let's say 5% VAT, if you buy a Ferrari you pay 500% VAT(this just an example, actual numbers would need complex calculations of multi-variable equations). This way you insentivise companies to make their products more affordable for everyone. And then tax wealth and assets progressively above 1 billion dollars and adjust it for inflation. But instead of going for the government, the employees of the companies get directly paid that as their salaries. Screw the government. Salary should be taxed at a flat 10% rate.
3
@IncognitoSprax And so does 90% of the population.
3
@randomyoutubebrowser5217 That's a falacy, because what you say assumes that there are options for people to buy cheaply and there aren't. When a house/apartment costs 15-25x times the average salary and 25-30x times the median, you don't have the option, let alone preference to spend less...
3
That's what happens when you have proper worker unions.
3
@Syzygy_Bliss Home prices have far outpaced inflation and they part of inflation, so inflation is even lower than what they say if you take out homes from it.
3
@MaestroAlvis What you just said about the vaccine is what some videos say in 10-20 minutes, which is exactly my point. Empty words to pad the video to a certain length.
2
@aronseptianto8142 I need the information, but it's definitely not my type of content that wastes 2-4x more time than it should. Time is precoious, I'm occupied and I need to get information as quickly as possible.
2
@greg6500 And the politicians would happily kill me. XD
2
@greg6500 Oh yes, because when my country was communist the politicians were great when we had no corporations and private anything... -_-
2
@greg6500 You can't say it's anarcho-capitalism when the government has it's hand in every single bit of the economy.
2
@greg6500 I said that don't trust both of them equally. XD
2
@sarahnelson8836 Nobody holds them accountable. We vote and the guys we don't want win, everything sucks and becomes worse. We vote and the guys we want win, everything still sucks and becomes worse. We ask them to improve life, we do referendums, hell some even pray to them... Until we start having harsh physical punishments for those in charge, nothing will improve. You might say it's extreme, but everything else has failed... And I'm not even from the USA...
2
@sarahnelson8836 The best way to restrict them is to take away the power of the government. We should have a minimal government, which has only a few purposes. Like maintaining infrastructure, health care, the army and foreign affairs, but most importantly oppressing giant corporations, they should be enemies not friends.
2
@YGorillAY Too bad I was underaged and went to uni the 2010s, I should have been buying homes and investing. XD
2
I have a better solution: Just stop charging us money. XD
2
@TheMountainBeyondTheWoods It's not about being paid, it's about being paid fairly. The company owners, CEOs and COOs Should be paid more than the regular workers, but not as much as they are being paid(compensated). There should be a law where part of the company's profits is given to its employees. This way you get what you worked for.
2
@celestialstar6450 or have a limit to it. Like 3 for example is a good limit. This way you can have some for the kids.
2
@randomyoutubebrowser5217 2-3 kids is good. And if you don't neglect them to the "education" system, they'd accumulate wealth from the age of 16-18 working as engineers, or tradesmen, or in commerce. Law and medicine sadly require official government degrees. But still.
2
@agentzapdos4960 You can always be strong and smart(knowledgeable and capable). And if you are smart, you will be rich enough. If you are so weak that you can't live well without being born into wealth, you should hate your parents for neglecting you to the "education" system, which in 12-20 years produces weak, stupid useless people and wastes your youth. Goes doubly so for STEM. If you start specializing kids, through courses and especially self-education, from the age of 11-12 in one engineering field, or one trade, or law or commerce, by the age of 16-20 they would be a highly skilled and knowledgeable experts in their (sub)field. I know dozens of people, many of which friends and acquaintances, who by the age of 22-24 are now earning 3-7x the average salary. They ditched school as much as possible and went to private courses and most importantly self-educated themselves. And only one of them had rich parents, the rest weren't even "middle class".
2
So Australia is Russia but with sand instead of snow.
2
wdym?
2
@michelbruns By youtube standards close enough. XD
2
@InnuendoXP absolutely true.
2
And this is all assuming that the stock market will be profitable in a future where we have fewer and fewer young people and fewer people overall.
2
@aronseptianto8142 A lot of decisions can be changed based on this information, assuming it happens and you must always know the possibilities.
1
Dude just give me 2 million. I will invest it and be done with it.
1
IDK, I have so many hobbies and things I want to do, that I will probably not be bored until 60 years old.
1
@cmath6454 In the case of the government taxing them they wouldn't, but then you have something much worse than a billionaire, you have the politicians and the government.
1
@cmath6454 justified apathy?
1
@gokuformanvsfood My point was authoritarianism is the problem, who does it(government or corporation) doesn't matter.
1
@greg6500 no, what we have is fascism, private companies working with the governments for their mutual benefits while oppressing the masses.
1
@greg6500 For it to be anarcho-capitalism, the government does NOT back and guarantee your property, a.k.a I can steal from you and the only one to stop me is you. And the government doesn't back up the money, loans and stock.
1
My summary is: "How tf do people keep letting a small minority of people do this crap?"
1
@andylane3739 Capitalism means there is no government to intervene in the economy and no government to work together with big corporations for their mutual benefit while oppressing the masses. What we have starts with F, but yt will delete my comment if I type the whole word.
1
That's what happens when you outsource your production to an aggressive, totalitarian dictatorship.
1
You raise spoiled children, instead of smart, capable adults, that's how. That's also why people nowadays start from 0, instead of building with their families and having inheritance.
1
@newmobile1455 I have to agree
1
@BA-ff3xq true, bur also decades of laws that helped the banks and corporations, while screwing over the masses and the governments getting more and more power by the year. Just one example: The government should only be allowed to print money if the regular person is allowed to.
1
@blacksoulgem95 so the same as the Greeks? Damn. It sucks that the world is getting worse and worse... yes it's better than let's say 80 years ago, but at least 80 years ago, things would keep getting better and people had things to look forward to, now it's just crap after crap... And we can't afford a home anymore...
1
@user-lp5wb2rb3v Same
1
@RidKain And things keep getting worse, so I don't see it getting better in 6 years, maybe in 16.
1
@nickl5658 yep, I'm not quite sure what regulations were removed in the 1970s and 1980s to allow for this, but we need them back. Also people should stop being so passive.
1
The government is just as bad... Ask any of the ex-commie countries, I live in one...
1
 @Stoneface_ It's not capitalism, it's fascism. Private companies working together with the governments for their mutual benefits while oppressing the masses.
1
If America had free trade, ever, they would have been taken over by foreign companies in almost every sector, especially by the Japanese, Koreans and Germans.
1
No, big companies and rich people buy out or build out all the homes and they use algorithms to price fix their prices for each region.
1
@ngf5077 I'm not allowed. Plans need to be done by architect, materials need to be chosen and calculated by a construction engineer, the construction needs a licensed team/company, electricity needs a certified electrician(s), water and plumbing needs certified professionals too... And I need to pay a few dozen grands just for the right to all of them, before even paying them. My dad build his own house, brick and concrete, in the early 2000s, now with all the beautiful new laws from the EU you can't do it anymore...
1
@07Flash11MRC what advantage exactly?
1
@yolotrollo6343 I have a couple dozen friends and acquaintances that from the age of 10-12 ditched school as much as possible to go to private courses and self-educate in one engineering field. They got engineering jobs at the age of 16-18, yes even during high school and now by the age of 22-25 are earning 3-6x the average salary of the capital.
1
Nope. We have low flat taxes here and people aren't very happy even with a lot of money. They sure pretend in public though.
1
@Shisha2025 because they are NOT productive, they are pretty much leeches and they should get productive jobs. About 80% of job types are productive or lead to production and 20% of job types are parasitic and unproductive, yet nowadays only 20-25% work the productive jobs and 80% work the unproductive jobs. We are lucky that technological advances have increased the per person productivity, but the way things are going we getting worse and worse, especially due to the demographics crisis all but africa are facing. People should pick an engineering field, a trade, commerce, a medical field or the necessary evil law and go for that. Those categories, or more accurately their sub-fields make for 80%+ of job types.
1
@DylanRoberts7 After.
1
@موسى_7 this is true in almost all countries.
1
@TheMountainBeyondTheWoods Well that's the fairest way to pay salary, you literally get paid for what you have EARNED, with a complex equation that will distribute it based on your productivity. On the other hand you don't do much, you don't get paid.
1
@TheMountainBeyondTheWoods Yeah and that's how employees end up underpaid and executives and investors overpaid.
1
@TheMountainBeyondTheWoods how do you reach to there from what I said. This fixed salary model is outdated. It only makes sense to get paid a percentage of what you earn the company.
1
@TheMountainBeyondTheWoods absolutely not, corelation is not causation.
1
@TheMountainBeyondTheWoods The correlation is that in the past people who suggested employees being paid based on what they earn their company, instead of a fixed salary, also went for the crazy authoritarian government control. Governments and their institutions should be brought to a minimum. They should protect us from other countries, maintain basic infrastructure, if the nation is wealthy enough AND has proper age demographics provide free health care and make sure companies don't screw over their employees. And the "education" system, which produces useless people in 12-20 years that barely if at all can get a bottom position job in their respective field should be reformed. By the age of 18 people should be a highly skilled and knowledgeable experts in one engineering field OR one trade OR law OR commerce. Medince might be harder.
1
@TheMountainBeyondTheWoods Will do in due time. My father has a business and he pays his employees based on what they earn with a decent flatline salary just in case there is less work that month for that person.
1
@HuhGrant I have a job I love and sadly it is still work(I'm a software engineer). It's mainly because of how companies operate. Working for yourself is also very stressful, even if you like working in that field. Sadly it's called work for a reason, because it sucks. In a perfect world it wouldn't, but we don't live in a perfect world. That said working a job you like makes you Half NOT work, so it's absolutely better than working something you don't care about or worse hate.
1
@Lam-ba-Lam Bulgaria.
1
@HowMoneyWorks Are you referring to migration? Just look at Europe, especially Sweden, the US seems mild compared to Europe. XD
1
@macattack5863 Ah, I see.
1
@ZeketheZealot I see
1
@moosejawrobinson 10% flat income tax, 7% flat health care tax for universal health care that covers both dental and minor surgeries. Hip surgery within 2-3 weeks at the worst. Welcome to Bulgaria.
1
let's start by lowering it to 4 days first. XD
1
School and university do NOT prepare you for work. The education system produces weak, stupid useless people and wastes 12-20 years of your life and your youth. Goes doubly so for STEM.
1
because due to the huge centralization, people are just replaceable numbers. Spread wide.
1
@Firesgone Depends on where you live. My country has them, the USA has them, Japan, many other European countries have them.
1
@bbgun061 you say barely more than shacks, I say 70-80% of the space in "medium" and big US houses is empty... thus pointless.
1
@bbgun061 No it's not. House construction costs aren't realistically much higher than in the past, at least in Europe. We used brick and mortar before, we still do. Now due to the pandemic sure, but in normal circumstances, no.
1
No, but we are running out of people to innovate.
1
@bigbud4sure which is why we need a law that says that at least 75% of what productive workers earn for their employer/company is paid to them.
1
@randomyoutubebrowser5217 Yup, but people are too short sighted and all they care about is buying toys, branded/designer clothes, going on vacations/trips and getting drunk at the club three times a week... -_-
1
@randymillhouse791 Agreed, also neglecting children to the "education system" instead of making them self-educate and sending them to private courses from the age of 10-12 so that by 16-20 they can be a highly skilled and knowledgeable expert in One Engeering Field, Or one trade, Or commerce, Or law.
1
bulletflight A better bet would have been to start self-educating and going to private courses in one engineering field, or trade, or law, or commerce and get a job in one of those sub-fields(not in law cuz you need an official degree) at the age of 16-18. I have a dozen friends and even more acquaintances that at 22-24 are earning 3-7x the average salary by ditching school as much as possible and going to private courses. They work as programmers, system admins, network engineers, mechanical engineers, electrical engineers and such. No university either.
1
@randymillhouse791 What wouldn't work?
1
If productive people were paid a percentage of the company's profit.
1
nah housing, food and clothing should be cheap and affordable...
1
13:53 WoW used to be this.
1
@bradhaines3142 Yeah, no... This myth that SUVs are comfortable and other types of vehicles are not is just dumb and modern SUVs are not even more practical... the cabin size is not bigger, the boot is not bigger and they are heavier, less stable at high speeds, less maneuverable. consume more fuel and are slower at the same power... Also if you can't get in a sedan, you should lose weight, simple as.
1
@mystraunt2705 The government working with private companies for their mutual benefit is also known as fascism, remove the private companies/property and it's communism. What it is not is capitalism nor socialism, because those are unrealistic ideologies that can't exist. Also they'd(the companies) buy out as many as needed. On top of that the government doesn't build houses, they hire private companies to build houses and they can charge whatever they want. Oh and yeah if voting mattered, we wouldn't be allowed to do it. XD
1
@WarningStrangerDanger Minimum salary is not a good thing.
1
@Vlad-bs1js That there would be the solution, the problem is that these companies are partially owned by politicians or heavily invested by politicians or straight up the politicians own the homes. That's what happens when you have an authoritarian government working together with private companies for their mutual benefits, it's called fascism. If you remove private companies/property it would be communism, but it wouldn't change a thing.
1
@blake8510 Sad, but true.
1
@Vlad-bs1js it is backwards in every sense of the word.
1
@shanenice5380 waiting to sell or lend to a renter.
1
@InnuendoXP People would be able to afford houses if there were no loans and big companies and rich people weren't allowed to buy them out or people were allowed to build their own homes.
1
@Soggy__302 without loans both cars and homes would be much cheaper.
1
@InnuendoXP The median home is priced based on what a median dual income in that region can take out as a loan.
1
@Lessenjr the loan is the bane of the modern economy, it's like alcohol for an alcoholic, he would die without it, but he is in that position due to alcohol to begin with.
1
@jasminelav.332 They absolutely should not. It's how you get modern giant companies, lobbyism, nothing being affordable and the majority of economic crises.
1