Comments by "ChineseKiwi" (@ChineseKiwi) on "Second Thought" channel.

  1.  @DavidJBradshaw  rooftop solar is a thing. Most of Australia’s is actually that via government subsidies. Also I assume you know how the North American grids work.
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  2. actually you would if you look at the root causes of things that cause public safety issues, particularly in the US vs the rest of the world.
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  3. Or having the state PAY YOU to invest in solar energy via solar panel subsidies. However, as stated here, after those come from China, with very dodgy practices on both the mining and production side. But so does oil and coal so pick your poison due to capitalism
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  4. It always has been since the 18th Century. It isn't anything new.
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  5.  @jLL-r9s  commercial property has been profitable for years. There is shareholder regulations in the US as well. Remember commercial property can be things like shopping mall complexes, commercial buildings. Also it is often invested into infrastructure. I know this is a socialist channel, but ignorance of the reality of things isn't just exclusively right wing. You can lean extremely left and misrepresent the factual reality too with the same pitfalls.
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  6.  @jLL-r9s  to a point. The Overton Window in functional democracies limits this to how much the public can tolerate before they are voted out. The US, with systematic gerrymandering, is not one.
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  7.  @jLL-r9s  also it isn't a "temporary fix", it is literally an aspect of Ordoliberalism. Look it up.
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  8.  @jLL-r9s  pension funds do not invest in residential housing as in reality, commercial property has far higher and more steady cash flow. Malls are still very popular despite online shopping in many countries as it wasn't an oversaturated market pre online shopping like the US.
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  9.  @jLL-r9s    you know how collective bargaining power works in labour unions? Guess what collective money of lots of workers does? The same thing. See Norway's Sovereign Wealth Fund as an example of this. Very large Australian pension funds have influenced boardroom decision making too.
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  10.  @Freerunemem  or you do both. Also it is proven that people cannot be trusted to save for retirement and be responsible for it thus why it is mandatory. Also you cannot trust companies to raise wages 10%. Nor it it policble. Pension funds don't invest in FOMO stocks. They aren't Wall Street Bets. Look up say "Australian Super fund holdings" and look at the holdings of different portfolios of different companies. It is highly diversified.
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  11.  @jLL-r9s  they don't own half the companies or stockmarket however. Also there's a Vox article that explains it's more complicated than that and is misleading.
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  12.  @jLL-r9s  as stated misleading once again as those 10% are often made up of investment companies that people buy into e.g. via ETFs like Vanguard. Elon manipulating shitcoins is not the same.
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  13.  @jLL-r9s  you actually investigated and understood it instead of buying into clickbait headlines right?
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  14.  @jLL-r9s  Even Elon cannot tank the S&P500 with a single tweet.
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  15.  @jLL-r9s  but they don't own half the stockmarket or companies. And as stated, investment companies would own the underlying stock, but you often buy into their portfolios thus that misleading stat regarding stock ownership. This is literally the same with pension fund investment companies. And they can invest that money into other investment companies to invest that money for them.
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  16.  @jLL-r9s  yes, once again, large investment companies people buy into, not individuals.
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  17.  @jLL-r9s  Large investment companies such as Vanguard, State Street. You can do it right now via their ETF offerings. As stated, ignorance of how a thing works or misunderstanding of how a thing works isn't just a far right thing. These Pension fund investment companies and Sovereign Wealth Funds are literally the modern, less riskier version of "workers owning the means of production" as it's literally worker's money being invested.
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  18.  @jLL-r9s  basically it means nothing if the factory the workers own goes bust and it's better to diversify to lessen risk.
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  19.  @Tasmantor  In reality, tassie, you don't know how good the system is. Is it perfect? No, but it is BY FAR one of the better systems in the world and significantly addresses the issues brought about in this very video by Second Thought.
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  20.  @jLL-r9s  "most etfs are you speculation" - Are you serious? How is a workers co-op of one business less risk than an index fund or a portfolio of hundreds of companies like an index fund or a pension fund holdings is? Not to mention good luck investing in infrastructure or commercial property just by yourself as a worker without an investment company grouping your money with other people I'm for workers co-ops but also know basic maths. And judging one year over a 30-45 year horizons like pension funds are is a joke. As I have stated before, over 29 years, Australian pension fund portfolios in premixed "high growth" portfolios have averaged a 8.9% pa returns, including a -21% drop in 2008 due to the Global Financial Crisis. You and I know that last paragraph but it doesn't suit your bias.
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  21.  @jLL-r9s  as stated, you own nothing if the workers co-op factory goes broke. Combine this with the probability of small business failure rates over the first year, five years and 10 years..... It is literally FAR higher risk via basic Maths.
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  22.  @jLL-r9s  look at the ETF holdings of companies or pension fund company holdings. They don't invest in FOMO companies. It is still simple maths that investing in an extremely high number of companies, and often with premixed Australian pension fund portfolios, infrastructure and commercial property as well, is far lower risk than one company. You cannot beat simple probability and diversification. Yes "it's debts are paid first", forgetting if the debts outweigh the assets, you get nothing. Regardless, it doesn't best simple Maths. We live in the real world, not idealism. And as stated, it is disingenuous to judge a 30-45 year horizons on 1 year.
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  23.  @jLL-r9s  your grandfather has a far different horizon than a 25 to 30 year old. In his situation, a financial adviser of the pension fund company would have helped him though it, not to mention the wide open "loophole" tax breaks he gets in Australia on his pension fund contributions when he hits 60. Or that for people retiring now, they only withdraw a small amount for everyday living (typically 3-4%) and change it to a more conservative portfolio. Unfortunately your grandfather didn't have a mature industry surrounding this to assist him like the modern Australian system. As stated, I love how your ignore the fact of, once again, Australian pension fund "high growth" portfolios averaging 8.9% pa returns over 29 years, including a -21% return in 2008. Is 29 years not a decent sample size, particularly as the (US) deregulation started in the early 90s, helped cause the GFC, then it got re-regulated. Also they are not all in equities, unless you customised it and want to be. Not to mention the vast amount of shifting goalposts you have done throughout this.
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  24.  @jLL-r9s  you know he didn't have to (nor is it recommended) to sell all of it at once and more draw on the funds as a pension paid on whatever frequency like wages are. Either your systems are utterly horrible that you don't have pension drawing schenes like that or you once again, avoid that 29 year stat. The Australian stockmarket has averaged 5% pa returns over 130 years. Things have happened in that time. Despite the turbulence, Australian pension funds are still in the positive of 2.2 percent in 'high growth' portfolios from May 2021 to May 2022. You forget the highs of easy money in 2020 and it smoothing out. This is nothing like 2008. You are either disingenuous, ignorant or both.
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  25.  @jLL-r9s  Also dude, the alternative is literally worse as summed up by Second Thought and simple maths regarding probability. It's fun and games calling out a thing is bad, but you actually got to offer a viable alternative.
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  26.  @hejiranyc  and on top of wages.
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  27.  @TheCoralie87  they do, if they are contracted by an external party as an individual. A sole trader with a ABN doesn't. (aka business tax number for those non Aussies)
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  28. Everyone outside the US: "Oh, surely the cartoons aren't that bad or that blatantly propagandic" After watching: "OMG, NO, IT IS, RUN, RUN!!! ARGH!!!" - That said, who would fall for this level of obvious propaganda?
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  29. I would love for you to do a COVID-19 response comparison video - I am more than happy to help with how we do things 'down under' in Australia and New Zealand with hard data and experiences as well :)
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  30. or you should know the difference between a social democracy and authoritarian state economies
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  31. less Cold War propaganda.
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  32.  @Humble420ful  as stated, you don't see the difference between a social democracy and an authoritarian state run economy. Social democracies = Australia, Finland, Germany, Netherlands, Norway
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  33.  @Humble420ful  Name an oligarch in any one of those countries. And they don't rely on it *at all*. Allies are only allies **DUE TO MUTUAL BENEFIT*. the US contributes very little to NATO vs. the rest of Europe and in reality, the US needs German bases more than Germany needs the US.Germany is centre of US NATO and also African operations. Less stereotypes, more actual reality.
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  34.  @Humble420ful  the closest to an oligarch (i.e. rich business person who gets themselves into central/ federal government) was Clive Palmer in Australia...and he was laughed at. All of the mentioned countries literally have more systematically democratic voting systems than the US too. Educate yourself and stop parroting slogans.
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  35.  @Humble420ful  look up what MMP and STV voting systems are. And how they are kind of more democratic than the US's
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  36.  @Humble420ful  they don't ask for it at all. The US only participates in it due to mutual benefit. Stop the stereotypes and myths and educate yourself on the reality. Read up on the hard reality on the US military industrial complex and how the US Armed Forces can be more powerful, more efficient AND cheaper but chooses not to due to lobbying.
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  37.  @Humble420ful  Irony of foreigners knowing more about the realities of the US than many Americans isn't lost.
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  38.  @Humble420ful  choosing to keep tank factories open, when Army Generals state they don't need anymore, costing the taxpayer FAR more money than literally paying the laid off worker's wages for doing nothing is super efficient.... As is $125 billion in admin waste or the money maintaining bases that have no strategic or operational value anymore..... Or military secrets being stolen off third party military contractors because they want the military industrial complex gravy trai and skimp on security. Why do you think all other countries' military development is in-house?
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  39.  @Humble420ful  and it does as a whole. Features of Social democratic systems such as strong social welfare, universal healthcare and strong labour laws give citizens as a whole better life outcomes and these are measured. Stop the Cold War propaganda labelling and actually think about it.
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  40.  @Humble420ful  by the way, it costs society less too, both societally and actual taxpayer dollars wise.
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  41. even then if you look into it, the US armed forces are grossly inefficient and can be even stronger and more secure *for cheaper* but the military industrial complex don't want that. The Snowden leaks, in which he was part of a third party company, is a clear example of this insecurity , as well as the many hacked and stolen secrets because the contractor skimped on IT security. There's a reason why Russia's and China's military development companies are owned by the government.
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  42. I wouldn't brag about Europe handling it well.... (from Australia here).
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  43. or talking about one bad doesn't diminish another bad ok?
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  44. or y'know, try a bigger picture and not just anecdotal evidence.
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  45.  @vinny9988  stop it with the name calling. In reality, giving more welfare INCREASES the chance of getting a job as you have better mental health and since the poor spend all of their money, it CREATES more jobs too. Also PAY your workers. Would you work for the same conditions? No. Grow up.
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  46. yaaa ignoring the link between poverty, economic downturn and blue collar crime.
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  47. The information is declassified i.e. They don't mind you knowing. Think about that.
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  48. And the Indian supplier the supplies 1/2 the genetics to the US was caught with contamination issues *and literally shredding documents stating their dodgy QA issues* Rampant capitalism is bad enough. We don’t need additional propaganda like this.
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  49.  @coonhound_pharaoh  read my posts as separate topics eh
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  50. it's the Youtube algorithm.
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