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#xQc #Rich #Poor

As a real estate guy rich versus poor, is the economy rigged. I can make millions of dollars and use the exact right. Okay, yeah. This looks very simple.

It absolutely is. It is 100, it's undeniable and whoever says the opposite is actually guys. That's how it is the economy is absolutely rigged, exact, same tax loopholes, that donald trump would use and pay effectively no tax, and does that make me a bad guy, or did i just study the tax code that makes you a bad guy, yeah yeah? Yes, it's wise. I wish in school, especially in america, we had more classes and more introduction to uh uh financial uh literacy before being released to the to the world before being put into the adult world, because it's very very, very important and uh yeah.

That's how it is again, i'm sure this is going to be good step forward, if you're, poor being poor is a choice huh, absolutely not. What kind of question is that i do not want to be disingenuous to ignore systemic issues that we all experience, but i feel like it's 2021 and there's a lot of free resources. I mean facebook has a lot of free courses. I think that poor is also a mindset.

I agree originally, when i came out here, i started straight at the homeless, shelter i had to flee from domestic violence from my family. Most people in general. Don't choose to be poor, but since i've been here specifically in la a lot of people outside, they don't want to come into the shelter because they rather be in the tents i mean i grew up poor, so i have been on both sides of the coin And i can reflect and look back on some of the lifestyle choices that i was making some of the people that i was hanging around. So i don't think that people can initially control if they're born into poverty.

But i think that there is a certain level of control that comes along with being on a certain level. Then then, then she doesn't agree. Then she did. She understand the prompt because yeah yeah - i i've, said this before this is a classic case of a survivorship bias.

It's guys guys. I angle my cards this way and i made it out obviously, and we should make it out because look i made it out dude chill the out man chill the out. Take it, take a step back termination and that resilience yeah. Can i have the disagree or step forward? We need to realize that these people are on the street, not because of their own choosing because of the system that we live in, perpetuates these things.

If i can speak to that, i come from a family that once relied on welfare and food stamps, and i have been blessed enough to make millions of dollars in real estate, but had i bought real estate from 2005 i'd probably be bankrupt. Today i just bought at the right time. People wish to be rich. They don't want to be rich.

The difference is, do you take action? That being said, i agree with a lot of points you're making about people not really having the resources or the opportunity to have any kind of action plan. Some people don't even want to be rich, like i don't want to be rich like, but i also don't want to be poor, i'm happy in the middle, and i would want to live in society where they could perpetuate people to let themselves out of poverty through Programs and just be in the middle billionaires sure should not exist, sir. I just i don't see how anyone could ever. I fundamentally disagree with this spend a billion dollars.
It's not a necessity to have that much money and i feel like there is a certain cap in which, like you, can completely survive and thrive with this amount of money. And then, if you surpass that you're just hoarding and then we've seen what people with billions of dollars are doing with their money, they're going to space for fun like clearly if we tax those people properly get their wealth and distribute it to people who need it. That'd be a much better use than going to space for fun. What what even, if you were taxed to in senate wazoo, you would still get billionaires, though guys you could be taxed 98.

There would still be billionaires that. How does that? What the personally, i don't think, there's any issues with billionaires existing the issue for me is that they need to be held accountable, the same way, poor people do and i'm talking about the justice system. When you look at a lot of billionaires who have gotten that way because of the just incredible amount of value they've given to society, i won't even talk about a huge, crazy billionaire i'll talk about jay-z who's, a billionaire. He made amazing music, that's how he became a billionaire, and so i don't think it's the government's job to interject and say guys to somebody super chat.

I feel like getting the example of jay-z, who does entertainment and that, in the, if you will say, entertainment is in value and everybody's going to get mauled. I don't think that's the best example. Okay, you have too much. We need to give it away.

I mean it would also never happen in any other arena. No one's going to go. Hey simone biles! You have too many gold medals, we're going to take them from you and we're going to give them to the other people who weren't as talented as you. I don't think they won't completely.

I agree. I completely disagree. I feel like that is the gentleman's job and jay, like you said, jay-z made his money for music. That's his labor he's a musician he's selling his talent, but then, when he invested in the alcohol, then he's using other people who are harvesting the wheat, the agave they're breaking their back they're using their labor.

So do you think that you should invest in those they're? Having jobs yeah, but how much are they getting paid for their jobs? Are those jobs in the third world where they're getting made pennies yeah and then makes millions off their labor? How many people? How much do you pay your employees? Do you think harvesting isn't going to exist? If i may interject, i pay my employees like incredibly well and i let them choose their own hours. Someone who works for me is a single mother. I pay her 50 bucks an hour and i think that people that are providing jobs and opportunities you can hate on them all you want, but at the end of the day, like nobody would work that job if it wasn't in some way shape or form worth It people who make a billion dollars get a fraction of the value they create it. It depends: okay, okay, okay in general, it says make sense, but not all the time if you specifically choose places that that, like like different whatever right, if you, if you, if you've purposely you doesn't make, am i making sense now? It makes sense all the time, though everybody here, who has a business, understands that even jay-z only gets 15 cents a record.
He sells okay so because yeah you're making jobs. Let's say you say: oh you know what. If we went to this country and and and put but this amount like yeah, but these guys, they don't really have the choice though like like they'll get whatever and you if you purposely use that fact. That's kind of dog though, but most and many people don't want to be surrounded by the same problems they're running from while bettering themselves, saj yeah, it's just of artist.

Do you know how many go: busto, okay, they're taking risk in an artist by the tapes paying the engineers, marketing, etc, they're, exploiting them they're taking on a bet, and they can't just give everybody 50 50 they'll go bankrupt. You don't understand a record business and you're. Just yelling out these words exploiting, like you, know what you're talking about, but you don't they're, not exploiting this guy. Just just clapped this guy's.

Why there's one jay z exactly? I actually want to ask a question how you define exploited and why you're saying that i'm usually exploited in the marxian term, where your labor creates value, and then your employer takes that value and distributes it unevenly to themselves and then leaves the rest for the workers. That's exploitation. My name is david. I work for disney and then then yeah so and guys this.

I don't know it's political, but you guys say yep, yes and some people say question mark. But but what about the guy? Who, who takes on uh, says it takes on a risk to create an infrastructure to create the system to have the idea behind it to do the whole thing and again employees to make a thing to make the thing come to life shouldn't that person be compensated. More perhaps i i don't understand it if you were really taking that these jobs at these pay, the guy who, orchestrated the whole the whole orchestra this guy. What do you usually get? Nothing? I don't get it in the entertainment character department and i make around 33 000 a year how's your experience been working at disneyland.

My experience, working at disneyland is very mixed. The workers themselves, like my co-workers, are amazing people. Unfortunately, the company is not so great. They don't pay us that much.
They have enough money to pay us more. I think they should just pay us more, but i don't think they're going to do that. That's why i'm advocating for a union to bargain in our favor. My name is ginny and guys.

You guys yeah yeah, if, if you, if you said, if you uh, put the same sort of risk in awarding to the employees when you're getting hired and then the person who orchestrated the whole thing right did took the risk right, they would never take the job. Nobody, nobody would ever take that job right. You know not getting paid for months for months like to see it through and it dude yeah yeah. Of course nobody wants to do.

Nobody can do that. I run a software design agency and this year i'm going to be taking risks. 400. 000.

When i started my business that was like all consuming for me, everything i did in my life was, and so i think my partner felt a lot of neglect and so a lot of our arguments. A lot of the times that we had issues were because of my absence. The economy is rigged, it is great 100. Everybody should agree on that.

Come on now guys come on, it is pretty rigged. If you're born in a rich family, you have more opportunities and as someone who is poor, living paycheck to paycheck you're, stuck having to apply to jobs and settle for things that you don't like. Instead of being able to follow your passions, i agree and disagree. Um.

Okay, i agree that it's rigged. I also agreed to disagree. I think i think it's way more rigged in proportions in in other ways identifies certain areas and behaviors like we have millions and millions of farm subsidies, so it supports agribusiness. It may support one area like real estate or capital investment over labor, but i i don't think it's generally rigged to basically keep the rich guy rich and the poor guy poor.

That's part i'll disagree, but there are certain policies, like the reinvestment uh in productive people's hands for building real estate. I would say that's a good thing right. I don't think active people like do you just mean people with money? No, i mean people that actually take that money, organize people put to work and create value, that's what i mean by productive people, but who creates the values the workers who create? Oh, my god, listen, there's people who take risks and they risk their money. That's creating value.

What you discount is the person willing to risk their savings, okay and provide capital for that venture and to be paid last. So if it goes busto the worker still gets paid, the investment doesn't if it goes well, the worker gets paid and the investor makes money you discount the role of capital and savings in any type of venture. Like my mom didn't want to be rich. You want to be a school teacher and work and do that and live in the middle ground.
Muscle men is right, but they're people like me who want to take a lot of risk and get a lot of reward and we put that capital to work, and you should respect that hi. My name is bill. Perkins i run a hedge fund. I do investments and other things i manage my own money.

How much i make annually. Sometimes i lose money, but i'd say on average, over 10 million a year i took care of my dad in the last years of his life um he died broke. I did not inherit my money, i made it myself, i really don't care about the money. Money is a tool for me to have the experiences that i want to have out of life, and there are many experiences that i want to have.

You have to have a certain level of awareness and knowledge of the game, and i think that there are barriers put in place to kind of prevent people from knowing the rules. But i think that it's out there and you can have access to it. And it's you know, i think that no, i agree with you. I know the rules and i think they're disgusting.

That's why i want to why? Don't you play the game, then i mean you: can i think they're discussing? Why would i want to play the game as a real estate guy? I can make millions of dollars and use the exact same tax loopholes that donald trump would use exactly and pay effectively no tax, and does that make me a bad guy, or did i just study the tax code? It makes you a bad guy yeah. Don't you think so if you do that, yeah, i'm following the law to a t, the law is wrong. Yeah. Why is it wrong? It's the law? I'm not.

Do you think that, just because of the law, it's always right. No, certainly not certain. No, i'm not saying, but that's my point well, the law is written to encourage investment is what's the which they want so he's investing so like the law is written to encourage certain things. If you disagree with it, you can go lobby and change, but he's not a bad guy.

I know you mentioned that there are barriers in place that do keep people kind of in impoverished conditions, but i don't think that we all acknowledge like the mental. Well, that's where i was going so if so, if i can reflect on myself, i mean i remember when i was living in guys. It depends when they talk about loophole really about loopholes, guys it's not like the really bad illegal, like like gray area loopholes. I think it means, like the actual attack loopholes that everybody uses.

If you have an account or whatever the did, they use a lot, it's loopholes. But it's not like the like the bad one like that um i was just trying to survive, so i didn't even have the brain capacity to try or or the willpower to kind of even desire to access the rules of the economy. But i mean i had an epiphany and i literally woke up one day and i was like i cannot live the rest of my life like this and i don't care if people call me lame square they're going to question my blackness, i mean i don't care, I'm getting out well speaking about blackness. Do you think, there's a correlation between the the what what you said, what just happened, what just happened epiphany and i literally woke up one day and i was like i cannot live the rest of my life like this, and i don't care if people call me Lame square they're going to question my blackness.
I mean i don't care, i'm getting out. Well speaking about blackness. Do you think, there's a correlation between people from the african aspect and people of color and poverty? You don't think there's like a relationship there. It's true that you know.

I belong to a community that makes less than certain other communities. That's true, significantly less um, but you also you can't you can't look at differences between groups and say it's only because of system systems played a huge deal to it. I'm not discounting that at all, like it's a real big deal and we're working to change that, but also i mean statistically like people from my old neighborhood and people. You know around this in these communities.

They spend about 50 percent more on shoes than people who are not in those neighborhoods, and it's like man that well not only that todd, but i think i looked up a recent statistic that said that asian households, their children, tend to study thirteen hours a week. We're in a black household, it's like three years on shoes. I know you said this guys they have all the all the opportunities and all the possible examples they could use, and this guy's on shoot, not like a racing shoes issue. But when you think about the way that we got here as like african people, it was a race issue.

We didn't have a chance to discover america, like the other people did. So. I feel like like how you mentioned that asian americans. They study more than black households.

You don't feel, like those communities are kind of socialized and they're upbringing to be more inclined to care about their finances, as opposed to like african-americans. We would rather look rich than actually be rich. I think that's a part of like our community culture. I do think it's a choice.

I'm not going to say it's not a choice, but i'm saying do you feel like some people guys, i don't think they're pulling the race car into this. I guess i there that there is a a genuine problem that systematically and within with the infrastructure the way the way. So even some laws are infrastructured to keep some some neighborhoods and and some places to not be able to evolve, there's even some stuff that they can't even build like it's like like there's something like like a red lining or whatever like it. It's something some of it is man.

People don't have the same choices as other people's in different communities. Some people don't have the mental capacity to to allocate the energy to learn. The rules of the game quote unquote because their instincts are kicking in to just survive. I think trauma plays a heavier role than we like to account for trauma is the reason why i'm here i come from a family, a heavily cult, islamic family and the things that i was doing in my life.
They didn't agree with. They pretty much sent people to my house to kill me. I was set up multiple times. They hacked my social media pages, both my iphones, you know what i mean, so i don't want to just kind of ignore trauma as if it doesn't really matter in terms of what you are capable of doing, because people that are where are we going traumatized? And people that do deal with a lot of oppression tend to get some of their choices removed.

I can acknowledge that. Yes, my name is hanifa, i'm an author and i'm currently homeless. So i don't make any money right now. I grew up muslim, my entire life and in islam it is permissible to marry your cousin, so my family enforced sexual acts in between cousins.

It led to me having to flee my hometown and come all the way to california, which is 2 600 miles away. Just that i can avoid being killed. I've worried where my next meal will come from me and my partner right now are applying for ebt, because we are just like living check to check right now, guys guys, i'm supporting like like once or it's happened in the past, like in your lifetime. I think both of us, because she just lost her job.

We are like literally trying to get help from the government so that we can know that we have the funds to get groceries. It's so hard and it's it feels like it feels like it's not as accessible as people make. It seem like to have everything stripped away from you and to not know where you're going to sleep. It's just very difficult.

You know i almost feel like a past life of having like everything you know i had bags. I had to take my little michael kors back to the pawn shop, take every item of clothing that i had to plato's closets that i could buy a one-way ticket for myself and my child. I didn't know what we were going to eat. I didn't know where we were going to sleep and not to be a victim, but it's not my fault.

Why? I'm here? You know it's because i speak out against cult behavior. I speak out against pedophilia and publishing. My story has the abdominal effect where i'm going to eat, and i've never had that happen to me before prior to four months ago, and that's just really tough. Thank you for sharing your story.

That's really powerful and um yeah like if you need help like after this - let's just let's just talk that pulls on my heart strings, because i my mother, raised us three kids by herself and my father was a wife beater. He was also a child molester. So anyone listening can connect the dots on that i feel for you. I almost want to jump out because there's only a short period of time.
You know just that short period of time when you're busted or whatever and you're just this guy's like this is like busting, you busting, so i'm getting paid paycheck to paycheck, and on top of that i have a crippling gambling addiction, i'm addicted to weed i'm addicted To alcohol i'm addicted to vaping and as soon as i have that direct deposit, it's like i have no control almost like i go like i black out, and i start gambling start ordering drinks start ordering weed and and then i come out of that. No control feeling - and i'm like thinking how am i gon na feed my pets this week, my cat, my dog, like i, had all these plans up to my payday before i know it all my money's gone and it's addiction when you're in a position when you Don't have a lot of money, you can't do a lot of things for fun and you're. Often just like working working working, i have to survive. I have to feed myself so when you get that paycheck and you have just a little bit of enough money to do something that will spark joy for you, it's so hard to be like no i'll put it aside to save it's like i'll.

Just do this! One thing for myself i'll just treat myself and then it's like. Well now it's gone. I completely understand what you're saying and i used to think like that too, but i also thought about how joyful it would be to be rich. I would rather not have that instant gratification, because the gratification of being infinitely stable or more stable is more important.

My name is brittany. I am a holistic health practitioner and i make around 130 000 a year. My relationship with my brother has literally crumbled, since i've have acquired more money. He only calls me when he needs something.

The only person that i really have a relationship is my mom. I haven't spoken to my brother. I want them to be happy and you know and successful more than anything, but it almost feels dehumanizing to be looked at as just the help and not a sister or a cousin, or something like that yeah. My name is mia and i'm currently working as a customer service representative for a moving and storage company, i make 45k a year.

My family has always been like. Oh you got to look presentable. You got to look nice whenever we're going out to e or to the mall, but as an adult yo. I know we apprentice you for worrying but saying that 130k a year isn't rich, it's very normal dude you're you're wrong dude.

I don't know. I don't know what what wrong with this chat these days, i'm gon na be honest with you guys, some of the things that you guys have man open up a a book or some or girl. What is the average median salary in certain areas and try to compute the cost of cost of life and and an average rent in certain area dude guys if you're, if you're out of school and you're like 25 and you're, making like 60k you're bawling dude, you You're you've been popping off dude, that's how it is man. Well, you know a lot of my money is going towards buying new clothes or jewelry makeup, whatever it might be so you'll catch me like sweats and a t-shirt, and i just don't feel presentable enough to be at the mall to be at a restaurant because of That embarrassing feeling and shame of not investing more in in how i present myself.
Okay, yeah yeah people say professor kate's, not poor, guys, you guys you guys. This is la. It is ellie 40 45k you're not getting you're you're, not getting. I disagree.

You're just hanging out back there. You know i feel, like i misunderstood, the prompt so have you ever worried about where your next meal was to come from? That's once, oh, no. I definitely have like when i was in college. What about your rocket from quebec? What the are you coming? You're, making 45k you're balling out you're out here, eating caviar and 45k in l.a you're on you is on food stamps and uh.

The lady behind me ended up paying me for me and it's so embarrassing, because my car got maxed out and i had no money in the bank account. Basically fifteen dollars an hour is not enough, for minimum wage depends depends on the area depends on the area. 50 - i i i did have a question for you too. You both mentioned that you suffer from addiction and that as soon as you get a paycheck, it's gone, whether it's gambling or weed or shopping or whatever.

If you had a higher income, would that change? Personally? Yes, because the whole reason i gamble is like let me get that 60 000 win and i'll stop gambling. That's my mindset right and another thing is, i feel like. If i were to have like passive income, i guess you can say or be financially stable. I can pursue and distract myself with my actual passions like i want to start a true crime youtube channel, but i don't have the laptop.

I don't have the camera, the addiction takes control. So i don't think about the things i don't have and i just feel like this is the most book book book thing. I've heard in the longest time numb and thoughtless, and i'm just enjoying my tv and so yeah i feel like it would change. I would be able to have other distractions that are beneficial to me in a positive way.

If you had more money, you could probably have access to help like medical. Yes, you know psychiatrists because that's that's really expensive and you can't afford it living off of minimum wage. You know, i feel, like a lot of jobs will pay minimum wage, but they will expect maximum effort and i'm like, if you're going to pay me minimum wage. I'm putting in the bare minimum effort, i've always looked at it, the opposite way like.

If i go into a company and they're paying me minimum wage, i do everything that i can to get promoted hi. My name is guys. You know what chad i'm gon na go ahead and agree with this. Okay guys, this is just modern, typical vision crash.
I tried to lower obs. I almost crashed it guys guys. I agree with this chat that that companies are like min max full capitalism. Dude like dude, want the most out of you and give you the bare minimum.

I understand it and - and i just think it's it's dog and of course, of course i guess like it's because it's trash, but i feel like i feel like uh at all times. It's it's! It's a good mindset to not only see uh the work as like the money. I know i don't be out of touch. Okay, i've always seen all my jobs before okay.

What am i getting out of this? What am i learning it? What what am i putting is this something that i'm proud of, or whatever am i am i bringing value to a point where uh, oh yo, can i get a promotion whatever can i can i can i can i boom? Am i evolving as a person and sometimes that this might it kind of helps you uh get to other places that that will end up having a bit a better salary? But i feel like you get into these patterns, saying oh i'm getting minimum, then i'm doing minimum right. I feel like you're losing for them the employers, which is which is whatever but you're, also losing for you. I think that's the most odd. I think that's the most damaging part, i'm 29 years old, i'm a real estate investor and a youtuber, and i make about 1.4 million dollars per year when you grow up the way i did with no money and your mom is struggling and crying yourself to sleep.

Every night, because you can't pay the bills that takes a toll on you as a kid and seeing that struggle. I got my first job when i was 12 years old, literally shoveling horse poop for three dollars an hour, and i looked at myself when i was 12 years old and i was like you've got to make a million dollars a year by the time, you're. 30.. My name is sean, i'm 23 years old, i'm a musician and content creator and i make minimum wage at a retail job.

If i wasn't having to work every day to pay my rent, then i would have more time to make music and connect with people and find venues to perform my music. And if i had the money, i would be able to market and promote my music so that it could reach a wider audience. For me, my mindset is working. Minimum wage is always temporary because it's always been like.

This is what we will call a hobby and the plan b, uh like a plan b or like um yeah. Okay, we work minimum wage, but we're gon na work harder to get promoted and then we're gon na do something else with our lives. Many many many years ago you could go, live off the land you didn't have to work for somebody in order to survive all the land is taken. It's in federal land.

You can't go fishing in these federal streams. You can't do that, so that's not possible at scale in order to survive. You must work for someone else that forces wages down right. People can't just go f.

You i'm not gon na work, i'm gon na chill and work on my novel or do whatever. So that's the part where i agree with you and like i'm, a supporter of ubi, so that people aren't forced to work. Now, where i disagree is that we don't pay people based on what they need, and you were kind of pointing to this. I give the minimum effort if you pay me minimum wage, but there's certain jobs that are not worth 15 an hour just not worth it.
I think you learn a lot working. You don't think you learn. You intake a lot of information and patterns every you grow at when, when you work the same way as a school, you don't agree with your way. You have to go to school.

You don't agree with the with the system. Oh they yeah yeah. They have to go to the degree they say yeah, i understand emma. I was with you.

I think also school is the dog. The problem is that school. You also intake a lot of uh patterns about about discipline, communication, organizing and structuring it. You get a lot of things that help you a crazy amount and, whatever i'm sure some of you guys, i go jump out of school and whenever i lose that tense, that that structure, whatever it all falls apart it it falls down to a crisp, and it Helps a lot dude what it is.

Maybe there were five, maybe they're worth two. I want you to watch tv for an hour in your house and tell me how many commercials come up because i'm doing a survey. I want to pay you seven dollars an hour. You think i should be.

I have to pay you 15 an hour for that, or would you take seven dollars an hour to sit on your couch and count commercials that show up on a television? I think i mean yeah. I would take any money. Okay, so everybody here agreed that it should be fifteen dollars an hour minimum wage yeah, but by making the wage fifteen dollars an hour, you just eliminated a job that he's willing to do more money more problems. I don't even disagree more money, more problems, but that's a path that i'm willing to take on, because the problems that come along with not having money um, i can't imagine going back there.

I made it up. No wait, it's a position. This is a class. This is a classic uh uh triangle, the the the triangle of needs, the the payment of needs.

What does it call again? The mass lows, the payment of needs or whatever right? It's because this is a classic thing, even though, yes, you do have, let's say more problems when you have more money, i get it. These problems are much easier or or are maneuverable than not being able to eat enough to not starve to have a roof over. Your head and close over your body, these problems are much more manageable than the ones that you need that make you survive. Dude myself, um adjacent to people who i felt like i could learn from.

I remember parking my little chevy cruze up off of griffith observatory in hollywood, hills just to be around money. Lady. You said what um adjacent to a point to position myself adjacent to people who i felt like i could learn from. I remember parking my little chevy cruze up off of griffith observatory in hollywood, hills just to be around money.
You guys mind if i start a lot of the problems. I i don't want to judge too much. I think she has this. This incredible survivorship bias out the wazoo of like guys i made it.

You guys, go ahead, make it man. If you don't it's your fault, brother man. Like i popped off, you could do the same bruh. It's like if i say give that to you guys guys.

You guys i'm made as a streamer turn on your broadcast. Otherwise you deserve to be poor because you you're not doing the efforts man. What the is that dude i got lucky. Everybody would be solved with just not even if i was rich, but just like a little bit more money.

I would just have so much less stress and less things to worry about, and i wouldn't be finding myself in these situations where i'm worried about. How am i going to pay rent? How am i going to get gas to drive? How am i going to eat more money like more social responsibility right going back to what does that mean like if you're a billionaire, then it's you have social responsibility to take care of people who might have less than you really important. I'm not seeing that in. In in modern day, life billionaire beast modern day life, what are billionaires? I want to add real quick to what you were saying that i have my first felony.

When i was 14 years old. I had gotten a dui in 2018, so i was still going in and out of courthouses i'm struggling trying to get a job applying getting interviews getting a job offer background check, offer rescinded and that hurts a lot. But i'm over here watching the real housewives of beverly hills and yolanda hadid's daughter just so happens to also get a dui but she's taking off in her modeling career like it was just a hiccup. I'm also seeing cases of affluenza where this kid driving his dad's truck drunk, killed someone and he gets off for affluenza, which means you're too rich to know what's good or bad, so you don't get anything i've never yeah.

It was in hollywood too. I i agree with my punishments. I i messed up and i will accept it. You want it to be fair treatment exactly because when i see that it's just slap in the face like what is the the justice system, that's not justified.

I, like the song, more money, more problems. I like it, it's jamming. I it's really more money, different problems. Yes and that's a cup okay, we did it, that's a wrap, interesting.

Oh we don't python. No, we don't interesting. Okay, boys. The money goes to the guy, who has the balls to make the first move, not the one who works harder, limited liability.

If the company goes bankrupt, they don't that risk asymmetry just makes capitalism unfair for employees and counterparties to the company. Give me.

By xQcOW

16 thoughts on “This video made me mald! rich vs poor: is the economy rigged?”
  1. Avataaar/Circle Created with python_avatars La_Chips says:

    Lmao this chat.. since when doing tax evasion (aka "tax loophole Trump would use") isn't wrong ? That's the whole tax thing, the more you have, the more you pay, that's it. You can reduce it with charity however. Trump literally created this loophole to be taxed less, that was the only goal. He paid 750$ / year, like cmon now, I pay 10x more. Using a shady process makes you shady.
    On top of that, wealthy poeple get most of their money from capital gains, which are taxed LESS than wages. So yeah, trying to pay less taxes, using loopholes, when you already pay less than regular workers with 10/100/1000x less capital, is being a bitch.

  2. Avataaar/Circle Created with python_avatars Zsomi Zsomi says:

    I grew up kinda rich, but that fairly quickly went away, i had years in survival mode and follow by this getting by state that is very quickly failing or failed already as recently. There is no future in my country, salaries are bad taxes are one of the highest, cost of living is extreme if you live and work here and i'm not even in a 3rd world country.
    The only rational escape is finding online work that pays in usd or gpb or eur or taking a calculated gamble in crypto but good luck with your huge investmen of a 100 bucks..
    It's just sad that some people waste most of thier life getting out of a whole they have never dug and some start at the very edge of it when they are born.
    I guess you learn to be more humble this way having been on both sides while you chase that dream that might turn into an eternal nightmare.

  3. Avataaar/Circle Created with python_avatars Jimbo7 says:

    I absolutely agree with taxing billionaires fairly, intense, structured social programs, and giving lower class people opportunities, but I still don't see how you can just make billionaires not exist. Jeff Bezos unquestionably abuses the labor of workers. He has used that labor to acquire billions of dollars. [Insert Tech Developer] created a software from scratch that millions of investors bought into, brought the company public, and is now a billionaire. These two outcomes are the same (both being billionaires), but one is objectively worse than the other. So do we make SOME billionaires give up wealth? How is it the tech devs fault that the stock value by proxy made them a billionaire, even if they weren't exploiting workers? If that wealth is in intangible assets like stock options, should we force them to sell their shares? That brings a whole lot more problems with it. I just think there's a nuance here between "ELON MUSK GOOD" and "NoBoDy CouLd NeEd a BiLLiOn DolLarS tO SuRvive". No shit, most billionaires don't just have a billion lying around that they're spending on shit, its wrapped up in assets and investments, and unless you want to start gutting those also, it just seems impossible to actually manage something like that. I'd rather manage it on the incoming side with taxes.

  4. Avataaar/Circle Created with python_avatars BennettCF says:

    This entire topic is just too subjective, everyone has different opinions on wealth but in truth the economic system just exists to exist. It's all up to the individual for how they want to work it. The poor person can't blame the rich person for being rich, and the rich person can't blame the poor person for being poor. There's too many uncertainties in life to come up with a "code" that guarantees success, a "choice" of belonging to a certain wealth group isn't valid, and it isn't as simple as 'just get money'. Alot of luck is involved in generating wealth, so the only thing an individual can do is try their best. If it works congratulations, if it doesn't, you tried your best and the odds just werent in your favour. Alot of times if you read about the stories of rich people, there isn't anything much different about them compared to the average joe. usually there is one/multiple events that lead to position of being able to capitalize on their assets, such as with kanye getting the opportunity to work for Jay-z making beats. Or with Amazon's success being majorly due to someone elses advancement of the internet in the early 90's.

  5. Avataaar/Circle Created with python_avatars Deus Iratus says:

    Man's complaining about making 33K a year and I sustained myself off of barely half that lmao. People expect too much but I'm guessing living costs in murica are probably unnecessarily higher

  6. Avataaar/Circle Created with python_avatars Raldrid says:

    It's because they are taking a risk by gaining the profits of the business rather than being an employee of the business that you founded. In that case if the business fails you lose your job. But if you want all the business profit for yourself and take all the profit of the business then you deserve to fail if the business fails. Not be helped by the government.

  7. Avataaar/Circle Created with python_avatars Cactus says:

    I am highshcool dropout because i got unhappy and the work i did was completly usless and waste of time.
    And also i learnt 70% of jobs are gotten threw contacts and socials wich really goes to show how highschool isnt as needed as you think.

  8. Avataaar/Circle Created with python_avatars Dony G says:

    I don't think anyone chooses to be poor although I do think ppl choose to stay poor. You can't choose which family you're born into so if you're born into a poor family then you're poor BUT you can go to school or take free online courses, get an education and get a job. Sure some ppl lack the resources needed but that's also why we need to improve our education systems…to make it affordable and accessible to all.

    People also need to understand that all these millionaires and billionaires took a risk to get to where they are. They literally put everything on the line to get that lvl of wealth. If shit went south and their gamble didn't pay off they would go bankrupt and be broke.

  9. Avataaar/Circle Created with python_avatars stephen k says:

    The economy has been rigged for 40+ years. Look at all the policies that have been eroding the middle class and driving people into poverty instead of expanding the middle class. When a billionaire pays less effective tax rates than someone making 40k a year. It's been rigged for the investor banker venture capitalist classes forever. But, since Reagan trickle down economics have pumped steroids into the stock market and wealthy individuals. Peanuts for the poors.

  10. Avataaar/Circle Created with python_avatars Lorenz Merscht says:

    Ok the topic is whatever. I just wonder how jubilee chooses its participants. They clearly don’t look for the most competent people but mainly look at their skin colour. They probably go like: “we need 10 people, 4 of them should be black, 2 Asian, 2 Arab and 1 (preferably female or homosexual) white“. Unfortunately I’ve have seen a lot of these videos because of X and it’s always the same.. such a terrible channel tbh. Who takes a single thing this channel says seriously?

  11. Avataaar/Circle Created with python_avatars Eitan Ehrlich says:

    Its not that its literally rigged, because it doesn't hold people back but the people up top find it harder to fall because they have the finances to fall and recover. America has a very high class mobility, meaning that people move from tax bracket to tax bracket, and its pretty common for a person to go from low class to middle class. When people say pull yourself up by the bootstraps, I think most people envision some insanely broke person going from that to owning a mansion. That's unrealistic, however, going from the dumps to a decent middle class living most certainly isn't. Does the economy benefit rich people more than poor people? Duh. But that's not the economy, that's just how the world fucking works. Is the economy rigged, not allowing poor people to move upwards? Absolutely not.

  12. Avataaar/Circle Created with python_avatars Simon Gough says:

    if we simply "lol dude, just raise minimum wage" then the bigger companies are still on top because that would eliminate competition from smaller businesses who cant keep up with those raises causing many industries to be monoplized. Cant get more based than that.

  13. Avataaar/Circle Created with python_avatars abungus says:

    if you taxed people more, they leave, so dont tax people more because then you would just be offshoring an entire class to another country, you'd lose out on over 50% of your tax revenue and then the billionaire class would move their businesses therefore your country not only losing an incredible amount of tax revenue but also hundreds if not thousands of jobs and investment/human capital.

  14. Avataaar/Circle Created with python_avatars Xavier Ince Pierre says:

    crazy bruh ppl loose their job they can easily do uber or something to make money i lost my job in the pandemic and easily i got uber or literally any job because no one was working

  15. Avataaar/Circle Created with python_avatars Barniclez GG says:

    It's indeed fcking rigged, there's just some pathethic fuckers who just want to keep the richer and richer. Government problem, elite problem? not only that, also fcking masses problem. Everything is a fcking problem.

  16. Avataaar/Circle Created with python_avatars Shroudblur says:

    Some of dumbest crap thats come out of X's mouth. Gotta love fake crying on both sides + plus the "rich" hiding laughs. Would be interesting to know where the "rich" got their initial capital from. Seems to never come up.

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