Get your first seven days right now for just ONE dollar. Go to ➡️ trends.co/jaketran for your $1 seven-day trial! 🔥

@AgainstThisWorld

3 жыл бұрын

you spelled money laundering wrong

@warteyeguy

3 жыл бұрын

Hey Jake, love your videos, the rotating movement of the news headlines makes me sick, pls no do in future

@jackwillis680

3 жыл бұрын

I would love to see a video on the entertainment industry. Maybe something on how these production labels prey on up and coming artists/actors by getting them to sign ridiculous contracts to trap them with that label for “all of eternity until the end of the universe” yes that quote is from an actual contract

@Senju__

3 жыл бұрын

🐐🐐🐐

@joaquinmorgan4836

3 жыл бұрын

How about china is make there move in the Caribbean starting with Jamaica

_IRS has joined the chat._

@jaketran

3 жыл бұрын

Where's the deposit for Tran Capital??

@2nd_ndr

3 жыл бұрын

I knew there was a reason I liked you

@mesmith2526

3 жыл бұрын

@@jaketran more likely an audit than deposit..so consider their absence a blessing more than an insult....

@dr.lyleevans6915

3 жыл бұрын

@@mesmith2526 If you aren’t in the top tax bracket and a business owner w/ deductions, the chances of getting audited are slim (although it happens)

@bobfty2680

3 жыл бұрын

Sleepy Joe giving $80 billlion to IRS is gonna go a long way.

imagine pouring your heart on paper as an artist just to have your paintings locked up in a dark room for nobody to see

@rertar4499

2 жыл бұрын

Thats why their art si so bad and empty

@GodlyEddy

2 жыл бұрын

Lol now a days they dont pour their hearts out on it. Just slather random spots on a canvas, call it "art" sell it for fortunes! :D

@rertar4499

2 жыл бұрын

@Eldritch not every one, some do believe ther own lie

@Laukek

2 жыл бұрын

yeah i hate it when my banana on ducktape that took 5 seconds to make rots in a dark room :((

@plutonium8567

2 жыл бұрын

@@GodlyEddy arts is still good I argue, although the community has been corrupted in more ways then one

As a designer, this is gold, im surprised the gov didn’t nerf this, unless they are evading taxes with art too which wouldn’t surprise me

@polynuclear2970

3 жыл бұрын

100% using this

@guildmagetroy5153

3 жыл бұрын

This is more like very advanced tax avoidance, since the amounts are being shuffled around instead of outright concealed. Trying to hide the amounts defeats the purpose, because you want the IRS to know you bought the painting, put it in the museum, and sold it at auction. One of the main purposes of the tax code is social engineering, rewarding behaviors the political elites find useful or beneficial. (And as often as not rewarding friends and punishing enemies.) In this case using fine art as an asset is useful, especially in the age of fiat money where governments have seized personal stores of precious metals.

@theoneandonlybridge4210

2 жыл бұрын

In Parks and Recreation there is an episode where they are doing an event at an art show and Ron Swanson says "why the government is involved in an art show is beyond me" now it makes sense why they were involved

@brentonguy4772

2 жыл бұрын

(Covers words with cough) **hunter biden getting paid half a million**

@Barakon

2 жыл бұрын

Aren't they the thiefs in this thievery? Unless one branch steals from the other...

..and evading taxes is kind of an art form itself.

@ryanmoody6198

2 жыл бұрын

Underrated comment

@Barakon

2 жыл бұрын

The art of avoiding being mugged by serpents!

@AUSTIN-ss2zd

Жыл бұрын

how do I get good at "art?"

@theintrovertedaspie9095

Жыл бұрын

One that poor people simply don't have the art supplies for.

It's simple I see tax evasion I click

@CB055

3 жыл бұрын

**the IRS has entered the chat**

@loveconquers6594

3 жыл бұрын

😂 yup 👍🏾

@jaketran

3 жыл бұрын

AHAHAHAHA

@gabrielreal2172

3 жыл бұрын

Normalize theft evasion

@marcusanark2541

3 жыл бұрын

Yes.

Makes it even funnier when the pretentious art people try to insult you when you "dont understand" how X is art.

@enriktigasna

3 жыл бұрын

This

@chudchadanstud

2 жыл бұрын

@Mutiara Naga That art is not for you to buy. It's for tax eva... prestigious customers.

@juriukkonen6284

2 жыл бұрын

Eeryone's creativity is unique. Yet someone who finds something different attractive or interesting *is pretentious* but you're the one insulted?

@chudchadanstud

2 жыл бұрын

@@juriukkonen6284 Lol imagine thinking this nonsense. There are very few creative people out there.

@juriukkonen6284

2 жыл бұрын

@@chudchadanstud 'Im not one or am not able to comprehend so there must not be too many of them in general'

I currently work for an art gallery and have been there for ten years. This is what I see daily.

I do not know if I am naive but as a person that has worked in the art industry I would never have imagined that it could be used like this. I always thought paintings especially are to validate a rich man’s prestige and ego, not to hide his money... wow

@Crosshill

Жыл бұрын

i thought rich people just had a limited amount of expensive hobbies that are considered high class enough and fine art was one of them

Imagine spending years creating a painting just for a millionaire to buy it and store it in a dark vault with 100s of others

@AE-nf8nz

3 жыл бұрын

rich people hoarding art that should be part of canon is sad but also like... it does keep it more well preserved and protected than a museum would

@Hevendemo

2 жыл бұрын

Imagine how much of history countries are missing because of this hoarding too.

@Brandonhayhew

2 жыл бұрын

Then what was the point of being a artist?

@trollenwaffen2055

2 жыл бұрын

@@Hevendemo not much. Not everyone got to have that level of skill

@Hevendemo

2 жыл бұрын

@@trollenwaffen2055 you'd be surprised how many artifacts are taken and kept in private collections just from speaking to professors and those who work with conservation and in museums. This has been going on for hundreds of years and passed down or laundered. Skill doesnt matter in art as it's a part of history

Back in the 90s there used to be "art galleries" in areas dominated by crime families in the Balkans and Italy. The business model was basically make money illegally, launder them through art and use them to open legitimate businesses. Many of the Picasso's and Monet's in circulation around Eastern Europe are a direct result of crime.

@MILE011

2 жыл бұрын

That's the only reason why paper with some paint on it has these extremely high prices.

@marshallemmet1366

2 жыл бұрын

@@MILE011 Canvas with paint, it is actually more of a fabric, not paper.

@yinnacle9885

Жыл бұрын

@@marshallemmet1366 nobody gives a shit

This. This is why I can’t stand art simps. I always had a feeling this was the case.

@seankrkovich2869

3 жыл бұрын

Bro, when I see my city buys a literal trash and come back next month to see that it now has a nice outer layer of rust; I just know that shenanigans are going on. Edit: the literal trash is a giant metal trash can Statue. It was built in Washington and predictably rusted over a month later.

@liamc1102

3 жыл бұрын

It's both the love of art & smart money moves. Not to mention taxes are a scam anyway.

@z_is_for_zombie7423

3 жыл бұрын

@@liamc1102 Taxes are a scam BECAUSE of crap like this. If the top percentages weren’t serial tax evaders we wouldn’t have this problem. Also, it’s easy to “love” something when it’s saving you millions of dollars. Even something as gross as a great big smelly turd with corn in it.

@liamc1102

3 жыл бұрын

@@z_is_for_zombie7423 You simply don't understand the love of Art & the amount of work that goes into it.

@z_is_for_zombie7423

3 жыл бұрын

@@liamc1102 You’re right. I don’t. I’m not nearly gullible enough.

I’m currently studying oil painting masters. Time to join the game LMAO

Charging that much for a Leonardo is understandable but for a white goddamn canvas? Fraud!!

@astronautsclub536

3 жыл бұрын

Designer here, you would be amazed at how many people actually consider it art and would buy it, especially if it has a mysterious meaning behind it, a meaning that no other art has

@arvindsaini276

3 жыл бұрын

@S.A.M If I don't understand it then I am stupid. Ok I understand this comment is an art. An art is an art which is related to art. Understanding art is an art itself. It is an art just like an art. Art...

@arvindsaini276

3 жыл бұрын

@S.A.M 😂😂 that's a joke

@cco53587

3 жыл бұрын

All value is made up and subjective anyway. Buy DOGE.

@VeryProPlayerYesSir1122

3 жыл бұрын

Anything is worth as someone is willing to pay it.

I've been called crazy for telling this to people when they always ask why rich people buy seriously expensive art. Like it was some kind of conspiracy lol.

@blumiu2426

3 жыл бұрын

I thought this was common knowledge at this point without how ridiculous the fine art world is now. It's a circus.

@andrasbiro3007

3 жыл бұрын

Well, it is a conspiracy. Just a real one.

@michaeldunn8972

3 жыл бұрын

Every 800k spent on paint thrown at a white wall comes with a free kilo of coke and 8 year old boy.

@AE-nf8nz

3 жыл бұрын

@@michaeldunn8972 youre probably referencing early 20th century artists Jackson Pollock. Have you seen one? It’s really not just paint on a white canvas, its energy, scale, emotion imparted onto canvas and done so convincingly. Art is about purpose and intent. You could throw paint at a wall and i promise you it would look like shit because you are unskilled in understanding line and composition and movement and form. And because you arent a skilled artist you definitely dont have the ability to make convincing art. Pollock throwing paint at a wall would probably display convincing purpose. Yours would look like a sad accident. And also, Pollock and other american expressionist artists of the early 20th century did this were pioneering a movement and it also represented the american individualist expressionsim vs the soviets tight form of art and representation. It was part of the Cold War era dialogue and also influential in setting NYC as the contemporary art capital.

@Ravi9A

3 жыл бұрын

@@AE-nf8nz hahahahahahahhahahahaha You are a sad accident fella

"... but again none of this matters if you lack resources, that is where Trends comes in" Smooth af.

Thanks for the interesting video. It taught me something rather cruel and interesting. I feel that they need to make sure that they do pay their taxes. The fact that they use the art industry as a laundering scheme because of how the value fluctuates is really sad.

Fine art is watching a Jake Tran video without getting caught by the CIA

@jaketran

3 жыл бұрын

+1 social credit

@Marinealver

3 жыл бұрын

CIA couldn't find a hammer in their own tool shed. The IRS is the one that is more interested.

@Marinealver

3 жыл бұрын

@CIA even the CIA isn't that dumb to use their name and logo.

@suntzu1409

3 жыл бұрын

Nope. CIA agent is watching you watch this video. You dont know that

Jake Tran will single handedly raise the future super villains through his videos.

@BillionaireBoyRubix

3 жыл бұрын

@Cryptos Rus What's your offer?

@Phat_Lizard

3 жыл бұрын

i'm in

@demomainlol2630

3 жыл бұрын

Time to be a Yakuza tax fraud expert

@jahimuddin2306

2 жыл бұрын

I am in. Money laundering, tax evasion, drug trafficking, private militaries, private prisons, corporate espionage, a cult, churches/mosques/synagogues and a hedge fund to wash it all down.

@absolutefocus2749

2 жыл бұрын

@@jahimuddin2306 lmao what a shitty comment

I the UK, “wasting assets” like art, wine, watches, and classic cars do not attract capital gains tax. NFT’s are not wasting assets. I am not an accountant.

how can this guy not have more subs, seriously some of the best quality i have seen on youtube

My dad told me about this, before that I naively though that starry night was 100 million because it was painted by van gogh

@Isomnophilia

3 жыл бұрын

Oh! That explains why people say artists more famous when they are dead, partly true; it is more likely the artist no longer able to create works that may devalue the line of works causing scarcity hence inflating the value of their existing works.

@Maussiegamer

3 жыл бұрын

starry night is still worth alot even without that

@IkkezzUsedEmber

3 жыл бұрын

@@Isomnophilia also the original artist doesn't get the money, while the people with more power get to profit

@joni1405

3 жыл бұрын

Starry Night would be worth a ton no matter what. Same with the Mona Lisa, Guernica and other legitimately great works. Those actually deserve to be highly valued. The bullshit comes from stuff like all white paintings selling for 500k

@lordbunbury

3 жыл бұрын

@@joni1405 Some white paintings sold for 20 million. They’re part of the canon of art, the minimalism period. There aren’t really ‘all white’ paintings selling for millions, that don’t have the history behind them, of certain iconic artists who made them. Now it doesn’t seem so special to exhibit an all white painting. That’s because it isn’t. In the beginning of the 20th century it was though. It’s like the difference between inventing the number 0 and using it. Once it’s there it seems like nothing special, but inventing it really is. Plus the name of the artist attached to a painting, no matter how basic the painting is, creates value.

"Fine arts isnt about art. Its about evading taxes." *Why Would You Say Something So Controversial Yet So Brave?*

@hardhat5406

2 жыл бұрын

Right? Its pretty brave to know so embrassingly little about abstract art and yet speak so confidently about it.

@numa2k147

2 жыл бұрын

@@hardhat5406 this isn't about art. It's about how a group of people USING fine art to evade taxes. Can't believe you didn't catch on to that

@nikosorf4250

2 жыл бұрын

I don't see how it's controversial tho

@zopiranha3871

2 жыл бұрын

@@nikosorf4250 Because art community gets pissed off when people say that price of art is high because of money laundering. 'You just don't understand their true value, their meaning'. Yes, maybe the art is nice, but for sure it's price isn't thanks to the effort put into it, but the money laundering.

@nikosorf4250

2 жыл бұрын

@@zopiranha3871 of course and the price doesn't reflect on the effort, neither on the artistic value, those usually affect the price but there are a lot of different factors that contribute into the price... and a lot of those factors are artificial, of course easily manipulated by the rich. It's not a secret The idea that the price of something reflects on it's artistic value is skewed, no one in the fine arts community thinks that "pricey=better" , if we lived in a perfect world maybe that would be the case, but here we are under capitalism If you'd like to, try to bring the music industry in view, in contrast to "fine arts" the money one gets is simply reflective of their popularity with the masses, so the masses who have no education in music and are easily pursued by trends get to be the deciding factor for where the money goes... and so trash piles up at the top Art is weird in general, cause it's by nature subjective, nothing can be set in stone but much like the sciences one needs a tad bit of education to understand certain parts of it... and art education is certainly lacking

Let’s do math: 100M @ 37% = 37M tax bill In your example you reduce income by 30M leaving us 70M @ 37% = ~$26M. You had to purchase the art for $10M. You’ve now paid $36M (not to mention storage fees for free port). So, in one scenario you don’t buy the art and pay out $37M in tax. In the other scenario you paid $36M but you have a piece of art. We’re also assuming a 5x valuation on the art over just “a few years,” too. Not very common. I see the point of this video, but the example is a bit exaggerated. And, it totally ignored the outflow for the painting and the opportunity cost tied up in the artwork. Ultimately, this video is an example of what theoretically could happen if some assumptions are taken to the extreme. CPA btw

4:49 I love the way you synced the music with them pumping their chest! Making me pumped!

Taking notes... 😬

@crypticgaming4485

3 жыл бұрын

Chang, you're gonna get a few knocks on your door from the IRS in a few minutes lmao

@exosproudmamabear558

3 жыл бұрын

@@crypticgaming4485 Jokes on you we dont even have irs in my country. Tax evasion is one of the easiest thing to do in my country

@Sedgewise47

3 жыл бұрын

@@benjamincowen.1134 🤔??...

@SandStormXII

3 жыл бұрын

lol

@frankiehompson2746

3 жыл бұрын

Think you might have missed the point

Everyone who has a mild interest in art KNOWS THIS. It's not a secret, it's on full display to everyone, but it's also a win-win for literally everyone involved so it continues as it is and we all pretend we care about the art in question. Edit: Southebys is the most famous dealer of fine art and jewellery and I recommend you check them out because some BEAUTIFUL paintings haven't been declared to be valuable by some man in a suit and so you can get a BEAUTIFUL piece of art which was painted in 1828 for less than $8,000 (Which is mad, and also shows just how much value is added through speculation and "Brand Name").

@letsfindsomepeace9207

3 жыл бұрын

It's only a win win for those in the business. New and young artists get nothing from this.

@Marinealver

3 жыл бұрын

Which is why comissions is a better sponsor of art.

@dr.lyleevans6915

3 жыл бұрын

A certain Infamous leader of Germany’s paintings can be had for that amount as well

@jj0493

3 жыл бұрын

@@dr.lyleevans6915 don't see why anyone would want them heard they're kinda ugly

@aysepersona4194

3 жыл бұрын

Literally every citizens except those involved in this method of tax evasion looses.

I am a sophomore accounting student and I don't know much if it applies to other countries but in the Philippines it is illegal for the seller to bid for their own product to raise the price (If I remember correctly, I will review my books and correct later if untrue). Unless they announce first that they are the seller and start bidding for the item, they may be penalized for it. You might want to check on that because I think that's pretty sneaky tbh. Also, I agree with the donation thing but most of the time, businessmen start getting rid of the money from a corporate standpoint and provide their employees with additional benefits, incentives or just generally increase spending (In the records, they just need to get their gross income before tax low before applying taxation rates). Then when the dividends roll out to the stakeholders thats when they do donation stuff to THEIR OWN charity foundations. Some pretty nasty stuff but you gotta give them credit, they still pay enough to get protected by the government. Or at least, thats how it is here in my country. Great video. Loved the structure.

important to remember is that a ridiculous price does not mean good quality art, it also does not mean bad quality art. a lot of artwork on the market is legitimately amazing art that has become overpriced because all of the money that is available in the art industry (for the reasons he explained in the video). also important to remember is that these ridiculous prices are not exclusive to ‘modern art’

This answers to painting that gets comments like “how come this is so expensive, even I can do this to” lol

@jaketran

3 жыл бұрын

YES

@dexterj.4274

3 жыл бұрын

Exactly

@dexterj.4274

3 жыл бұрын

« Poor people can’t understand this level «

@paintwithtihani9926

3 жыл бұрын

@@dexterj.4274 i'm that poor people T__T

@JohnDoe-jp4em

3 жыл бұрын

Most modern art that gets shit on actually has a reason why it's special, with something as subjective as art you can't really prove that the valuation is justified, but people saying "why is this worth so much i could draw this" usually know nothing about the artist and their work or the genre in general, and think good art=realistic painting.

Now with the NFTs it is even easier for money laundering lmfao

@adarshgupta9508

3 жыл бұрын

But, I think money laundering would be impossible because of the public ledger ... Since all the transactions would be visible for anyone ? If wrong, please correct.

@astronautsclub536

3 жыл бұрын

@@adarshgupta9508 bitcoin joined the chat

@BlahBlah-ep6hc

3 жыл бұрын

@@astronautsclub536 bitcoin is traceable

@ipodtouch470

3 жыл бұрын

@@astronautsclub536 bitcoin isn't private

@ipodtouch470

3 жыл бұрын

@@adarshgupta9508 it would be hard you would have to send funds to multiple wallets keep dispersing them over and over again. Then slowly putting them into tornado cash and withdrawing them after an extended period of time.

Side note, vintage cars are also used for these purposes in the UK as they're known as wasting assets so you don't have to pay capital gains tax.

There are no longer art. In the part yes, the artists were able to produce nice pieces, and even when you don't understand them, like with Dali, you can see there was talent involved and can see there is something there. Nowadays only a dozen of real artists keep doing art, everybody else is just pretending. They are just trying to look knowledgeable and edgy, but fact they are untalented and unable to produce art. There are more art in street artists than in the so called contemporary art. One time I saw in a museum a totally black paint, with the saying "this is too deep for you to understand" and other so-called art was a piece of wood with black and white stripes, nothing else..... all of these is just money laundering, not art.

@Legomicroman

2 жыл бұрын

"this is too deep for you to understand". sounds rather like a Meta-commentary, if you ask me.

Every Jake Tran video is worth more than whatever school teaches.

@jaketran

3 жыл бұрын

+1 social credit

@loveanimals-0197

3 жыл бұрын

What a crappy video. Get an education first.

@nda6228

3 жыл бұрын

@@loveanimals-0197 get and education and become a corporate slave? Make sad 50k a year and be in debt? 🤣👌

@royce3786

3 жыл бұрын

@@nda6228 understanding the world around is becoming a slave? Damn gandalf teach pls

@FazeParticles

3 жыл бұрын

@@nda6228 yes, it's all the rage i hear, LOL.

Rich art collectors: *DAMN YOU JAKE TRAN! I WOULD'VE GOTTEN AWAY WITH IT IF IT WASN'T FOR YOU ROTTEN KZreadRS!* Russian mafia: The CIA: China: Yakuza: People of CHAZ: Universities: Welcome to the club.

@sebastianxd602

3 жыл бұрын

fax yo

@vkm0204

2 жыл бұрын

🤣🤣🤣😂😂😂 world is a Scam 🙏🙏🙏🇮🇳🇮🇳🇮🇳😁😁😁🤗🤗🤗

I have studied art, not in an academic setting, but fairly extensively on my own. I can tell you right now that a major reason people look at a Mark Rothko painting or a Jackson Pollock painting and say they like it is because they have been told it is art of the highest form. They have been told this because essentially there is a prevailing belief that realism, impressionism, expressionism etc. are basically nothing in comparison to the expression of an artists soul. An art snob sees a painting like "Saint Joseph and the Christ Child" or "The Holy Family with a Bird" by Bartolome Esteban Murrillo and they see only religious nonsense painted in a boringly realistic way. However, when Jackson Pollock makes a ridiculously hideos painting of only splashes and slashes of paint, this is his soul, ahhhhh, such high art. It is literally all art snob ass sniffing. Most of these art critics know in their souls that Jan Van Eyck's "Arnolfini Portrait" absolutely dwarfs anything done by Rothko or Pollock, but they have already invested too much in saying modern art is the highest art we have. To go back now would be to admit that they were bullshitting the entire time. Long story short, from Giotto to Edward Hopper, there have been some incredible western artists, but just like the rest of the west, what was impressive is in the past and what we have at present can only be validated by disingenuous praise from arrogant fools.

@Ccjhghbbb

9 ай бұрын

I would suggest you take a look at some more biographies of artists such as pollock compared to monet or van eyck. Pretty much every shift in art has lead to comments such as yours. “ what was impressive is in the past” people say new art is just pretentious nonsense but a lot of it is just new ideas that people arent ready for. Thats why art is so important, it forces us to look at the world inna new way- its always changing and thus always uncomfortable. But if you give it some attention you can see it has merit in its own right so long as you give an inch and are willing to see art in a new light :)

Yo I remember asking you to do a video on this a while back so glad you did

The sync with the music and chest thump at 4:46 is impeccable

Video idea: "Life after full automation. A future where humans don't have to work." I would love to see your take on this one.

@gwappo4852

3 жыл бұрын

Watch [ Wall-E ]

@Jd-pm3kg

3 жыл бұрын

@@gwappo4852 I wasn't aware Jake directed that movie.

@debianlasmana8794

3 жыл бұрын

Idk man Sounds depressing Yeah I know...it sounds good fun and game,but still sounds so wrong.

@charlebrownga

3 жыл бұрын

It will never happen simply bc of human nature. The elite don't want a utopia. What's the point in being rich and powerful if you can't lord over some peasants.sure well have ai and automation to do alot of things but at the same time they will be going and getting 30 guys and giving them shovels telling them to do something instead of using diesel for a tractor. Keep in mind the pyramids were built with simple technology and alot of labor.they will get ppl to do tedious grunt work just because they can even though a machine could do it better if for nothing but status. I expect after the digital currency and the social credit system comes in theyll be putting many many ppl into what abouts to labor camps. They'll be forced to build cheap shit to sell to the big corps .

@Brandonhayhew

3 жыл бұрын

Doesn’t sound fun. If your a computer programmer and a trust fund kid then your okey

Wonderful video about the financial and tax saving of art. Most Paintings and sculptures are scarce transportable items that hold a lot of value. nice to learn of Freeport art storage.

Amazing video! This is an interesting topic to make a presentation about or maybe, talk with my dad. I think he’ll enjoy it.

*this channel is a youtube gem*

@jaketran

3 жыл бұрын

+1 social credit

@owns

3 жыл бұрын

@@jaketran :D

My dad is an art consultant and he recently had to tell one of his clients that the "Botticelli"-design study he bought two decades ago was drawn on chlorine-bleached paper and is definitly not older than 100 years at best. Estimated worth: 5k. Remember kids- if something seems far to good to be true, it propably is.

@cwli1

Жыл бұрын

Was it a copy of a famous painting?

Jake is out here giving tips that can get him arrested just for us. What a legend.

I liked how the music and the video synced together well

How the hell haven’t you blown up bigger? This is probably the highest quality videos I’ve seen in years

@BillionaireBoyRubix

3 жыл бұрын

@Cryptos Rus What's your offer?

This is the coolest one by far. I am quite interested in art and business. All I need to be a Millionaire.

i like that he speaks fast. i dont even need to speed up the video. It's fast, short, and full of great information

here after South Korean Samsung family is slapped with $10bn inheritance tax, of which they are also donating some of their prized art to museums.

@MadeInChinaPlat

3 жыл бұрын

I heard, the tax would put samsung almost insolvent since it's so high

@Sellipsis

3 жыл бұрын

Inheritance tax is a freaking scam anyway.

Love these kind of videos

Great content as always, Love you, man!

First time NSA lady stalking my phone and I are not an hour late to Jake Tran vid.

This video isn’t just fine art, it’s about evading my responsibility

@undeadblizzard

3 жыл бұрын

Taxes is what we paid to live in a society.

@crescentprincekronos2518

3 жыл бұрын

@@undeadblizzard except there is no other choice. So it's more extortion than anything.

@undeadblizzard

3 жыл бұрын

@@crescentprincekronos2518 Taxes isn't extortion. The Government needs money to function since with we live in a Capitalist System currently. They need money to make sure your money from losing its' value. Otherwise what is to stop others from taking your money ? Not all of us can afford Private Security. Taxes it used to paid for services we take for granted like the Fire Department, Public Schools, Libraries, The Postal Service, Research and Development, Roads and Infrastructure. Instead of the U.S.A bombing innocent brown people we could use taxes for Universal Healthcare, Student Loan Forgiveness, Ending homelessness, making sure basic needs are meet. If you worked every single day, making $5000/day, from the time Columbus sailed to America, to the time you are reading this tweet, you would still not be a billionaire, and you would still have less money than Jeff Bezos makes in a week. No one works for a billion dollars.

@crescentprincekronos2518

3 жыл бұрын

@@undeadblizzard I believe the word you're looking for is aren't since we MUST pay multiple taxes. I didn't even need a tax payer funded school to realize that.

@crescentprincekronos2518

3 жыл бұрын

@@undeadblizzard valuable resources are money, not paper so they can't lose value. Guess what, guns are affordable, so I can defend my land, if need be, innovate and make radar guided turrets. Government workers leach off of the citizens with ever increasing goodies, like unfunded pensions, medical, the works. Guess what, we can't vote for them not to take more from us.

Your channel have taught me so much. Thank you very much, I have managed to grow and make changes that servers my business and now I am becoming profitable.

Yooo, thanks for the tutorial!

These are all perfect reasons why NFTs will be huge in the future

@Brandonhayhew

3 жыл бұрын

This site is definitely gonna be one of the most biggest money laundering but there is nothing wrong about being like donni

@dontbelievethehype777

3 жыл бұрын

@@Brandonhayhew not sure if I understand what you meant (Donnie as in Trump?), but if I do, how the fuck did you manage to bring up Trump into conversation here. That is beyond stupid, lmao

@Brandonhayhew

3 жыл бұрын

@@dontbelievethehype777 not trump but a movie reference to donni brasco like mafia laundering money in the art business

@cybersentient4758

2 жыл бұрын

This aged beautifully

@mihaica87

2 жыл бұрын

@@dontbelievethehype777 what the actual fuck how the fuck did you go from not understanding to swearing

Forget the $1,000 giveaway, we want a Jack Tran artwork!

@Marinealver

3 жыл бұрын

NFTs on sale.

@paramjoshi2581

3 жыл бұрын

Heck yeah

@BillionaireBoyRubix

3 жыл бұрын

@Cryptos Rus What's your offer?

First time through the headphones, the background music is really cool dude! To The End ✊🏽

Great edu channel. Thank you!

Top quality work once again, Jake! You fine art of video essays definitely has the potential to become an instrument for tax evasion one day.

that's why they cry when some random dude manage to convince them they're a half famous artist and their art is worth $10000 even though the buyer sees what they pay for

@BillionaireBoyRubix

3 жыл бұрын

@Cryptos Rus What's your offer?

@ishxyzaak

3 жыл бұрын

@@BillionaireBoyRubix it's a scam

@BillionaireBoyRubix

3 жыл бұрын

@@ishxyzaak I know, I didn't fall for it. I thought people had better things to do...

Another excellent documentary.

Jake Tran putting the "art is subjective" crowd in their place. Really undercuts modern art as a whole.

@Runenut

2 жыл бұрын

no

@Skrenja

Жыл бұрын

I mean, it still is though. Just because there is fraud in art doesn’t discredit it as a whole.

Hey Jake, Love the content. This topic has always been one that I have been curious about. It would be interesting to see a deep dive into the business of selling to public education. It feels as though a lot of the products they sell to schools are just "good enough" and there is no incentive to continue to improve the products they sell.

Your videos should be part of curriculum!!! Also, please make a video regarding CPEC.

Here is an idea: Corporate real estate property. Like how Black Rock is now the biggest property owner in the world. Or maybe the rise of home office

Dude for real... this channel is on par with the best investigative journalism and topics chosen to investigate I’ve seen in a long ass time. Unbefuckinglievable, albeit super depressing.

Come on Jake, I know you want to make a video about me, you're just scared, aren't you?

@K_ingh16

3 жыл бұрын

Howdy

@jeffreyepstein1764

3 жыл бұрын

@@K_ingh16 And a good evening to you sir.

@trevor2830

3 жыл бұрын

Hey I thought you were dead 😆

@avairal5936

3 жыл бұрын

You did not commit suicide

@jeffreyepstein1764

3 жыл бұрын

@@avairal5936 You're right, I committed *assisted* suicide.

Yo you killed the editing at 4:48🔥

First time watching your channel and I love the content 🔥🔥🔥🔥

Why are your videos pure gold

VIDEO IDEA: "Why are we always in Deficit"... I have been studying this subject for quite a while and if you are able to find it, you will believe that this might be the viral video you are asking.... I am able to share with you my thoughts on that..... Thank you for the amazing work that you have been doing!!

@wolfgangoppenheimer2905

3 жыл бұрын

Yes yes I would love that

Most interesting one I’ve seen you make in a while. Not that the others aren’t amazing but I never have thought about why art is so much and this business of it. BRILLIANT!

Your videos are interrsting I am hooked on them its easy to undrrstand and gives you lot of information constructing information to be to be complex and easy to understand at the same time is truly remarkable thank you for your content. your video about business of bank and chinas plan for world domination were excellent

Great work as per usual! Although the swirvling motion of text and footage made me queezy.

Antique firearms can also be in the world of fine arts depending on who you talk to. And some of those antique firearms can cost just as much as those fine art paintings.

Steve Cohen did this when he was under investigation, while he was still operating SAC Capital, by placing his priceless art collection within his children’s trust funds. Thus, it protected the art from potentially being seized by the investigating parties, because it doesn’t look that great from a PR perspective if the plaintiff takes custody of something that belongs to the children of the person being investigated, since they have little to no involvement in the actions of their parent(s).

It doesn't make sense to me to avoid a 37mil bill by Giving Away a 50mil object. If the idea was to save yourself cash, it's better to pay the bill; it's cheaper than what you gave away. If govts spent their money better - on the people and their well-being, noone would want to avoid tax.

@mitab1

2 жыл бұрын

Soo true i don't live in the US and for the longest time i didn't know why people try to Avoid taxs becuse taxs help the country Until i saw what the american Government spend people's money on, it's like giving a Million dollar to a kid

Hi Jake..Kindly make a video on emerging trends around the globe and future billion dollar industries and how to capitalize on the trend

Well, this was what I always suspected but never looked into

Video idea: the upcoming industry of space with respect to travel, mining, interplanetary industries. Title: the space industry, a 4th industrial revolution or just a bubble to burst

4:54 I love how the pumping chests is on the beat

All about the artistes & the arts. Bang good advice.

Hitting the algorithm be like: Fine arts for everyone!

I'm guessing " the shady bunch" forms the majority of fine art investors *surprise*

I watched that episode from Billions on FreePorts. It was amazing ❤️

glad people are starting to agree about this.

If a wealth tax ever gets introduced we'll definitely see an explosion in the fine art and overall antiques and collectibles industry

@AE-nf8nz

3 жыл бұрын

Not really... not all fine art is a sure fire investment and holds its value or is even set to increase its value. most of it is just cultural capital and rich dick comparing contests. and even if something does have value finding a buyer is a whole other story

@Carewolf

2 жыл бұрын

A wealth tax would tax any investment, otherwise it is worthless, so the logic would inverse, it is better for collectors to have art appraised as low as possible.

I went to an art museum and in one of the rooms it was just balloons floating to the roof and they called it art...

Totally agree!

I like how Jake went back to his format from a couple years ago.

“Artises” lol

xD "Artistses." "Welff." Great coverage, though.

"Ah, fine art. Excellent for money laundering."

How do you not have a million subs, you deserve it !

The business of consulting. That would be interesting 🤔

Soon he's gonna teach us how to avoid taxes by living on a Swiss Mars colony

I subscribed because I found the video valuable. Keep your money

Here is a video idea: How to become financially free, passive incomes and all that jazz, yet not grow your appetite for things that only feed your ego. Let's take it a step further, since I know just like myself a lot of people are in debt, no mater the earning bracket, what are realistic ways of saving up, without diminishing the quality of your life, but once you are debt free and have all this time for more creative endevours, how to resist the urge to become a wealth hoarder. I want to be financially independent, but I don't want to not be able to resist my obssesive nature of once on the right track and every month I am actually passively or actively making a little bit more, how to resists the traping that so many people fall into. It could be a comprehensive video with real life situations. Explaining the basics, how to budget, how much to save, what is a bad loan and what is a good loan. Maybe I don't want to become an employer, just highly specialized in fields I am interested with, passionete about, creative fields that could make me want to wake up early tomorrow just so that I can continue with my various projects. Now I understand that these might be some basic concepts, but you would be amazed at how many poeple are completely financially clueless. It might not be the bomb that your regular audiance wants, but in about 30-45 minutes, you could explain to the masses how to become much more the masters of their destiny. The part I am really interested in, even though I started very late and that place is still years away from me is when to know enough is enough. It would need a bit of a click baity title, but not too much. Something like how to become ones own master and make fate your mistress? i am sure you could think of a better one. i do not have ambition to become a millionaire let alone a billionaire, and I am actually questioning if they should even exist. But some fundamentals from debt, to a place of freedom would be greatly apprecieted.

This video deserves way more attention