Make "Dark side of the american Miracle"

@hopeandpiece

Жыл бұрын

This

@krypton1982

Жыл бұрын

*Yawn* 🥱

@uvaglobo

Жыл бұрын

he only talks bad about asia and europe

@jcanal0221

Жыл бұрын

@@uvaglobo I didn't know California was on Europe

@uvaglobo

Жыл бұрын

@@jcanal0221 yes i figured hes republican

They're filling their bags at everyones cost. How people aren't revolting is mind blowing.

@ramazondavlatov2324

Жыл бұрын

People are too dumb and unwilling to learn and they're paying the price for their ignorance

@CloudSpirals

Жыл бұрын

@@ramazondavlatov2324 I'm looking for more Conspiracies to research.... because all the ones I've been talking about have come true. 20 years is all it took to lose the support of most my friends and a good portion of my family. Watched the 7 o'clock news tonight for the first time in a while... pretty much the most sadistic thing I've ever seen on commercial t.v. Can anyone recommend a good cat video? I think I've seen most of them!

@goodsir7298

Жыл бұрын

@@ramazondavlatov2324 I think the main reason is because the whole system still kind of works so nobody cares to fix it

@kevinn2216

Жыл бұрын

Not really. If they're not even aware of it, how can they?

@rexx9496

Жыл бұрын

The average person doesn't have a clue what's going on. They can't name their representative, half of them or more probably don't know the names of their senators. Or how power and lobbying works.

On the stock options thing it is important to note that while paying executives big stock option packages reduces the tax bill for the company overall, it also diluted the other shareholders by more than the benefit of the tax shield. So it’s a cheaper form of compensation but it’s not “profitable” from a shareholders perspective. And the board has to approve the package so what the shareholders want really does matter. Ultimately the comp packages are so big because the shareholders really want to retain those executives.

@handsomenerd12

Жыл бұрын

I think you are severely overestimating how much effective power shareholders have over the workings of a corporation. More likely from the POV of the executives stock option compensation is a win win since they can use it to deduct tax while also giving themselves great compensation without even dipping into the revenue that the company made, all at the expense of the shareholders.

I don't know how the heck yt recommended me a video from this channel but I'm glad it did. I'm a chemistry student, not particularly interested in economy or history, but I must admit that whatever Dom sets out to explain he does so in a way that doesn't feel boring and is easy to understand. On the other hand, I'm not a native English speaker so I usually have to rely on the automatically generated subtitles (in English), which are usually quite accurate thanks to the way Dom expresses himself. I usually don't comment on any video but today I wanted to thank you for your work man, and whatever you plan to bring to the channel believe me I'll be on the other side of the screen supporting 👍 PS: my fav videos are the dark sides of the Korean and Japanese miracles

Corruption. Hire more IRS and at least get the legal amount they owe. Then hire a lobby to find loopholes.

I’ve seen companies offshore their entire IT department to India

@dannybrame8592

Жыл бұрын

Ah yes. The old "they cost a lot here so let's pay less somewhere else" maneuver. Classic!

Your forgot a few things... Like how there was no Federal income tax at all until around 1913... Or how in 1940 the corporate tax rate was 20%... Or, about how the worldwide average statutory corporate income tax rate, measured across 180 jurisdictions, is 23 percent; when weighted by GDP, the average statutory rate is 25 percent. ... Not to mention, individuals still have to pay tax on stock options (when varies based on elections of the individual, but capital gain rates for most of these people will be at least 20%). ... Also, corporations still pay tax on foreign passive income (interest, dividends, rents, and royalties) on a current basis, meaning it does not get the benefit of deferral. This is to prevent companies from putting highly mobile financial assets abroad to indefinitely avoid U.S. tax liability on the income. And, your claim that corporations can just do some accounting entries to move income to a foreign subsidiary is completely false as any such accounting would constitute tax evasion! ... Furthermore, the TCJA introduced a minimum tax on multinationals’ foreign income through the Global Intangible Low-Taxed Income (GILTI) regime. Taxes on GILTI are determined on an aggregate basis, based on a taxpayer’s consolidated global operations. Income from profitable foreign affiliates can be offset by losses from other affiliates, and tax credits from high-tax affiliates can be used to offset liability arising from low-tax affiliates. So, corporate tax on foreign profits is no longer about repatriation of cash from those foreign subsidiaries! ... I won't even go into payroll taxes, real-estate and business personal property taxes, franchise taxes, sales taxes, etc... Ya know, the taxes everyone omits when talking about how corporations don't pay their fair share! Speaking of which, what is a corporations fair share of our Federal expenditures? Seems to me the government never seems to spend less, but rather just asks for more from corporations and individuals without every discontinuing inefficient and/or wasteful government programs!

@tip0019

Жыл бұрын

Interesting but not to the point. This vid was about "legalized" corporate tax avoidance.

That's why I'm for the fair tax act.

The US is a corporatocracy. How run the US government are corporations.

Arguably, the best of your series but appreciated the least Well done Sir

Really liking the channel wish these videos were picked up more

Best channel. Thank you for amazing videos.

Hello, would it be possible to have the titles of the music you're playing during the video ?

They could run the country without the people paying taxes before the IRS came along...

So little views?? Thats so sad! I hope this video pops, gret content

@chromaticvisuelle

9 ай бұрын

Yeah, almost no views compared to his others videos, strange!

Great video, fantastic channel, keep it up!

I don't know why individuals pay taxes at all. Businesses hold the money. Where do individuals get their incomes?

@ALLI3802

Жыл бұрын

Ummm. From salaries? From everything you consume or buy, the price you pay automatically has a percentage of that and is paid as tax if you get a receipt (aka VAT: value added tax)

Cough cough cayman islands cough

Congrats on the sponsor

A great man once said, "tax evasion is not a crime, it's an obligation"

@shauncameron8390

Жыл бұрын

Given how wasteful and corrupt government are.

@birgaripadam7112

Жыл бұрын

@Shaun Cameron put it simply: "Game was rigged from the start"

Banks could just deduct 30% every time money leaves a business account (except into another business account). Abolish all other taxes.

Teşekkürler.

Is there an easy way to fact check these? He is definitely wrong when he says companies can take a tax deduction for stock options that do not get included in CEO taxable income. No employee income = no business deduction. It makes me wonder if he takes liberties with other things

Excellent video, as always. Question: Is this model profitable for the U.S. economy? If it were inherently bad I imagine that something would've been done about it

@ESC_jackqulen

Жыл бұрын

Good for the rich and the politicians, bad for the everyday working people

@sa34w

Жыл бұрын

@@ESC_jackqulen how?

@ramazondavlatov2324

Жыл бұрын

@@sa34w rewatch the video, rich make money using money while avoiding taxes, poor work for money with their backs and pay taxes

@neuralwarp

Жыл бұрын

The US is not the only country in the world. Others are affected by it too.

great video

I like you Chanel ☺️

#ToxicCapitalism #GreedyCapitalists #CorporateGreed

Tnx 🤡🙏💀

Here's a 1 word answer: Republicans

@shauncameron8390

Жыл бұрын

Amazon is run by Democrats.

@chromaticvisuelle

9 ай бұрын

So true!

What you want them to pay all profits in taxes who the hell will provide jobs ?

@apemaster6976

Жыл бұрын

Tell me you’re ignorant without telling me