The Joe Biden Wealth Tax (Explained)

[@Quanic2000]

I have no problem in paying taxes. I have a problem with how politicians use my tax money.

[@danieledrisian9972]

Then fucking vote

[@Quanic2000]

@@danieledrisian9972 thank you for the PSA that came almost 2 weeks too late.

[@ledzeppelin1212]

@@danieledrisian9972I voted to lower taxes. Didn't matter, they're still going up.

[@danieledrisian9972]

@@ledzeppelin1212 Sorry Mr. Millionaire

[@__-yu2mz]

@@danieledrisian9972 the dead will out vote u

[@stephenwhite548]

Increasing taxes won’t solve any problems. Holding the government accountable for their frivolous spending of our money will.

[@augustuscaeser8939]

can we hold them accountable for gifting my money to the richest in America? I worked hard for that money if they need tax breaks or to be bailed out they can go take out loans with high interest rates. I work just as hard as they do, and i havent seen it trickle down yet...but im sure itll come any day now

[@the4thhorseman840]

@@augustuscaeser8939 Amen, brother.

[@augustuscaeser8939]

​@@the4thhorseman840 seriously! if i am going to give money I want it to be spent on things i want like education and healthcare not constantly giving these dumbasses money just for them to get their businesses out of a mess that they got themselves in because they are stupid and then turn around and act like they were smart and got it through hardship. Yeah I can be a billionaire too, if I am constantly asking ALL of America for money like a begger. you wont pay your taxes? fine then when you ruin your business again then you can file for bankruptcy! We worked hard for our money and will not be giving handouts!

[@Nick21012]

@@augustuscaeser8939 You are officially a capitalist

[@youare5907]

@вылижи_мне писю bless our lord for providing jobs! Its not like they need workers as much as workers need a job right?

[@RobertoBlake]

I've been screaming we need a full government audit for years. Most people understand that taxes are part of living in a civilized country and want what is best for America, but we resent the lack of transparency...

[@graham107]

FACTS

[@Oniphius1]

Should be done every year.

[@yongshankoh7344]

And your screams will go unheard, they refuse to even prosecute Hillary and investigate Hunter Biden. Yet they spend so much money on a witch hunt on Trump Russian collusion, and impeached Trump over a perfect phone call. You have the mafia as president now. Hope you are happy with that. And guess what, they will never have a government audit, cos Biden does not want anything to be audited.

[@Butterpants1987]

taxes are not part of living in a civilized country. income tax should not exist. our country does not have a revenue problem. it has a spending problem. we could save so much money by government just getting out of things they should never be involved in in the first place. education being one of them. abolish the department of education and let the free market do what the free market does. higher quality, lower cost. healthcare, get the government out of it. etc etc.

[@markefreet1522]

Taxation is theft. if you don't like the state the country is in just know that it is the inevitable effect of late stage imperialism, where the empire bribes the populace with social programs that they become fully dependent on and cannot live without, in exchange they ignore the foreign wars and the devaluation of the currency. Enjoy the bread and circuses, we're close to the end.

[@lordcorgi6481]

"As long as that money is put to a good cause and is properly accounted for" *Government has left the chat*

[@midnightsnack1306]

Yeah for most governments, using tax money for a good cause is unlikely

[@aomorgancool1775]

@@midnightsnack1306 military, public schools and college,roads and bridges. Do you consider any of these good investment if tax dollars.

[@masonkelly6694]

@@aomorgancool1775 Yes, they invested that money quite a long time ago and personally in my state, the roads are garbage and my city is 10 years behind for our population increase when it comes to mitigating traffic. The government POORLY manages our money in many many other areas, raising them will not solve the problem. That's literally a rich person's response is to just throw money at their problems. nobody said abolish taxes that's an entirely different economic idea.

[@aomorgancool1775]

@@masonkelly6694 I know but no one has offered practical solutions to make the government more efficient. People claim the government wastes money all the time but they never offer any better alternatives. Trying to reform the government and finding a way to hold them accountable for misusing tax dollars is probably the way to go. Besides isn't there a job or profession that who holds the responsibility of supervising the way to government spends tax dollars. Isn't there a profession where your job is to find efficient ways to make use of tax dollars. Supporting the people who hold those professions would go a long way in dealing with mismanagement rather than railing against higher taxes.

[@masonkelly6694]

@@aomorgancool1775 I never said those are poor solutions. We do have all these systems but what you are forgetting is that those paper written procedures are exercised by individual people with individual goals or agendas within their own mind. We are talking about corruption here and how our tax money is being mismanaged not only through poor or lack of decision making, but also through self gain and programs that do not serve the public yet use billions and billions of dollars. Auditing is great! When there aren't payoffs and blind eyes everywhere.

[@lennytheburger]

"So i dont want to make it political" *Actually makes reasonable and informative video that isn't political*

[@MinorityMindset]

Thanks for the shout Graham 💪 - nice video

[@dangeles95]

Yeah Jaspreet!

[@allsparkwars2644]

I found Graham from you and now the circle is complete

[@zacharybrooks9053]

Paused Graham’s video and checked out your Biden Tax video. You gained yourself a new subscriber, Jaspreet!

[@LightningColletor]

This is how KZbin relationships should always be.

[@ShervinShares]

Two of my favorite channels in one video!

[@amandab.6815]

I totally agree. I'm a CPA and I have spoken with acquaintances who are government auditors. They have said that tax money is very mismanaged. For example, If gov. department A is given a certain amount of funds, that department will spend every last cent, because if they don't, it will be deemed that they don't need as much and they will be allocated less money in next years budget. So this leads to many unnecessary expenditures, like buying new computers and office chairs multiple times a year when they are absolutely not needed.

[@Retrosenescent]

My dad works for the government and said the exact same thing. They always spend all of their money so that their funding doesn’t get reduced.

[@i1pro]

Governments don't invest money, they simply spend money. Taking it away from the most productive people in society is a recipe for disaster.

[@Maviiih]

100% agree with you all. I am from Argentina, same story. The main issue is that the gvt doesn’t have any incentive to save nor to offer good services since they have no competition and, no matter what, good or bad service, the money will always come in. When you have bad incentives, you get bad results.

[@evlee1295]

this literally happens in every large corporations

[@myagrimm4719]

What do you think would be a good solution to this?

[@user-xh9bt4ti3q]

they should make economics a needed class in middle-high school and several years of it to make sure people know how this stuff works.

[@jeffschrey2402]

That’s the last thing the government wants

[@coinfrenzysayshi]

@@jeffschrey2402 exactly. The less you know the more they like you. Ask less questions and they’re smiling all the way to the bank with your taxes. Find the loophole and they’ll try everything to get their pretty penny.

[@noelgalvan698]

I’m taking economics but only for 1 semester and my senior year of high school

[@coinfrenzysayshi]

@@noelgalvan698 definitely a great start. Look into a light course in tax law and you’ll be thanking yourself for the rest of your life. Just make sure to look up reviews on the professor. Like I always say. A real estate agent with “years of experience” that doesn’t own their own home is not “experienced” to negotiate or find you the best deal.

[@moldoveanu8]

You have been banned for inciting violence. lmfao...that's what the government thinks of your idea. Can you imagine how scared the gov would be if all kids learned about that, then grew into knowledgeable adults? Say bye bye to money and freedom until then.

[@NitrogenBullet]

Noone spends others money as carefully as they spend their own.

[@girohead]

Well at least not as efficiently. These forced welfare programs are filled with fat, administrators, middlemen. Government programs with fancy ads, fancu brochures, layers of people creating them, layers of people monitoring those people - with what percentage actually going to those who need help?

[@TheCatslock]

@@girohead Sad part is they would have done more for the economy if they had just handed actual living people a check in hand then trying to prop the stock market which just ate the money and changed nothing.

[@girohead]

@@TheCatslock I'm not arguing, but your premise is that more money into the hands of consumers would have yielded more purchasing, which would have helped the economy more? Difficult to stimulate when everything is shuttered.

[@markanderson100]

"Noone"? It depends upon how you were raised. I treat money entrusted to me the same way that I treat my own. Frankly, I treat it more diligently because I have an effective fiduciary duty towards them.

[@NitrogenBullet]

@@markanderson100 there is an exception to every rule..

[@DerekSYB]

"I dont mind paying higher taxes" . Leaves California because of high taxes

[@MaceyRosalie]

he just doesn't want to be cancelled lol, everyone hates conservatives nowadays, even if a person is just fiscally conservative

[@blackmartini7684]

More like doesn't like how his taxes are being spent

[@m3driver245]

Most people don’t leave California because of taxes, they leave because of lack of housing and increasing real estate prices. If your job isn’t tied to a location in the state or you can find a similar job elsewhere then those people look to leave. This nonsense about people leaving because of state income tax is absolute nonsense and just libertarians dreaming up reasons to justify their lack of knowledge of how taxation works.

[@DES1987]

@@m3driver245 stop it, its taxes and how crappy the state is run by DEMOCRATS

[@dangearing9470]

Probably just claiming he left for tax purposes, and will barely spend a weekend in Nevada a year.

[@Oliur]

You just blew my mind. I never thought of getting a loan against my assets and investments. Instead of paying 20% tax I can pay 2-4% interest. It's something so simple but makes a lot of sense.

[@jasonbesley8671]

Yes, great thought. As long as we remember that the "20%" and "4%" are not directly comparable -- it's a one-time 20% of the gains vs 4% annually on the entire amount.

[@adamvalt6609]

is this possible in america? wtf if i was a bank, I would never do this... that investment can go down really quick and you will have nothing

[@twhiteofrd_1102]

Its because you're not factoring in the risk of the debt. The bank isn't gonna back the big bucks from you paying them back 2-4%. They make it from taking your assets when you can't pay it back because of external forces. I recommend you got watch a bit of Dave Ramsey if your actually considering it to see the strongest argument against doing this. If you still want to do it after that be my guest.

[@andkucz1352]

Also if you borrow against your retirement, the interest is paid but it’s not lost. It’s added to your retirement. It’s a loan against it where the interest is paid back to you and your account. So it’s awesome to utilize but you also take your money out of the market short term.

[@777Godsgift777]

Mind blown same here

[@JJSmalls]

Just when you taught you moved out of California, United States becomes California.

[@Penguin-kr9do]

California is arguably one of the most successful states in the country, so that's not really a bad thing.

[@namesplease4350]

Have you heard of the moving tax too? People who move out of California will have to keep paying taxes to them so now you really can't leave

[@namesplease4350]

@@Penguin-kr9do If it's so successful then why is everyone moving? the poverty line in SF is over 100k and it feels like you can hardly breathe with all of the regulation. I dread other states becoming like California

[@Penguin-kr9do]

@@namesplease4350 Because it's expensive. Simple as that.

[@alexaisintheinternet157]

@@Penguin-kr9do That’s one of the many reasons why people are leaving California. Others are probably because of political reasons or because they live somewhere that has a dense population.

[@jefm3598]

Graham next year: 3 Reasons why I moved to Singapore.

[@nikoid3631]

lol

[@taylormoak2002]

This killed me haha

[@johnconnor7501]

Why, what’s in Singapore?

[@Cosmotix]

@@johnconnor7501 he won’t have to pay a lot of money in taxes if he hypothetically moved to Singapore

[@johnconnor7501]

@@Cosmotix oh ok, thanks

[@TheNyak31]

Graham "i dont mind paying high taxes" Also Graham "Why I'm leaving California"

[@HamiltonRb]

It sucks that people making over $400K will have to pay a bit more. Gucci will be so disappointed

[@lll3388]

On to the next state to fck it over and vote blue 🤦🏻‍♀️

[@nickdoyle-achievefinancial2464]

I don't see them as entirely contradictory. In one scenario you have a choice, in the other you don't. One may not mind paying if they have to, but that doesn't mean they would choose to pay if I don't have to.

[@Niko-pt9li]

@@HamiltonRb The people who buy Gucci are usually people who live off credit cards and Instagram "influencers".

[@RN4L1990]

Imagine leaving cali due to taxes and then saying i don't mind paying higher taxes. 🤣

[@mihastih]

Graham's video title in 3 years: "The main reason why I moved to Cayman islands"

[@alancaro526]

Puerto Rico pays no federal tax and is a territory of USA

[@KeyLightFilm]

The problem is taxes aren’t appropriated properly especially in CA where we will be seeing the highest state income state in the country. Hence why Graham is moving to NV (zero state income tax). Thank you to everyone who voted for Gavin Newsome...your intelligence is off the charts. 😒. I might add you don’t need to increase taxes when you are running a surplus. The State is an addict for wasteful spending.

[@darthrevan6258]

But in 2 years he’ll make a video saying why he won’t move to the Cayman islands

[@Paxman071]

J. Romine yup. California...the land of fruits, nuts, and irrational ideas and voters

[@kevinton7023]

@Miha S i think he'll probably move to Australia, Since Australia is wealth friendly to friendly people. - No Inherintance Tax - Top Quality Education - a Climate similar to California and Florida - ranks much higher on Ease of doing Business Index than the USA, etc. Or he could move to Singapore to save tons of more money since Singapore is basically a Capitalist Utopia for wealthy people

[@dallyh.2960]

"I would pay more taxes if they are spent wisely and the spending is accounted for" If our taxes were spent more wisely, we wouldn't have to pay more. Clean out the glut of government and we spend less, save more, and we would still have room for plenty of infrastructure improvements and the like.

[@WISHBONEL7]

No , just like most people , our government does not want to be minimalist .

[@briankarcher8338]

@@WISHBONEL7 Exactly. That's why the only option is the starve the beast.

[@billmelater6470]

When people say "I would pay more taxes", they typically do so with the intent to also make everyone else pay more along with them.

[@briankarcher8338]

@@billmelater6470 Seems kinda selfish. If somebody wants to pay more taxes, be my guest. It's your money. The IRS has a function for that. It's a thing. Don't expect me to follow :)

[@billmelater6470]

@@briankarcher8338 It's beyond selfish. But instead of opting to pay more to the IRS, I propose that the people who want to pay more, instead pay my taxes. That way, we both win because they get their satisfaction of paying more and I get to pay less or nothing. I'll even throw in a bonus and pretend to be upset that they're so much better than me.

[@yeetoburrito6445]

Next video: Why I'm Moving To Puerto Rico To Save On Taxes

[@nikoid3631]

LMAOOOO

[@AJMobileMoney]

I'll be there in about 10 years! 😄

[@zylander133]

Rofl

[@javierandresvelez-martinez4759]

Don’t bother Graham too much corruption here😂

[@georgecartagena871]

Lmao😂😂😂😂🇵🇷

[@BudgetGamingAndCollecting]

When I was in the Army we spent about $28 for a 4 pack of pens. That's where your tax money goes.

[@backtoasimplelife]

OMG

[@efficientfuture]

True, and then to me after a vehicle roll over left my back jacked up and retired lol

[@philcoffi8876]

The thing is those people selling those pens jack-up the price when they hear government agency. I am always amazed at people charging more the government. I am like it's taxpayer money, it's your money, your neighbor and your family money.

[@MyDeadWhisper]

@@philcoffi8876 this is the same model hospitals and medical places in general use. They jack up the price of their services and argue we shouldn’t care because it’s being covered by our health insurance despite that it still comes back to us in higher premiums, monthly payments, fewer covered services, etc. And before people think I’m just hating on rich companies, I’m not. Normal people do this crap too. You’ll understand if you’re ever in a car accident and are at fault; the other person whose car you hit will suddenly develop neck problems, will need money for pain and suffering or some other made-up bullshit, car wreck will go from a dent to damage that requires thousands to fix or even be deemed a total loss - and it will all be just to squeeze the most out of your insurance which you’ll end up footing in higher premiums.

[@colin1818]

And most of that is because of mandated purchase contracts that require gov't agencies to buy supplies from a specific vendor - regardless of cost. There's a reason that private industry always performs better than gov't. They actually have to perform so they don't go out of business. But the gov't can always just raise taxes and is never accountable for their bad decisions.

[@AB-qt4dj]

Can’t forget about property taxes, sales taxes and other local income taxes. They really add up on top of the increased federal income taxes.

[@hydrolito]

Also title and license fees and both state and federal tax on gasoline.

[@makdaddy8399]

Prop 208 just passed here in AZ. Nearly doubles small business income taxes. Again, people vote for their own demise. These costs will be passed down to them in higher prices. Small businesses don't work for free.

[@AB-qt4dj]

@@makdaddy8399 either higher prices or go out of business and let the large, government sponsored corporations take over the small business.

[@rachealborges4495]

see that Agro stock on valuesstock@gmail,com!! I rode that from $500 to $70000 since covid

[@AB-qt4dj]

@illawarrior hill no doubt. Local taxes give you more bang for your buck. Makes wonder what you’re getting with federal taxes.

[@riley8469]

“As long as the money goes to a good cause and not spent recklessly” I know the next video he needs to make

[@aregaminghd]

It would be nice if the taxes I paid actually felt like they did something. Everytime I see $800 taken out of my paycheck, it just feels like theft. Would be great if I knew where it went

[@yaya78774]

No where accept to the states treasure box and they don't even help the homeless especially California.

[@adimalapi2013]

@@yaya78774 Yeah and this ridiculous state is trying to justify increasing taxes further...

[@jerryiuliano871]

Hard to believe that in these modern diversified times, meaning no merit consequences are disallowed, that history has demonstrated pitchforks with tar and feathering for these politicians who caused taxes like this.

[@jakesun7484]

It goes to illegal immigrants’ healthcare and their children in sanctuary cities

[@Solznmid]

Yo how much you make bro, that’s my whole paycheck

[@Evensy2]

I love the fact that you know Minority Mindset, it's so underrated

[@BobBob-qh2bv]

"Don't worry, I don't go into politics, I don't pick sides, I just go into the facts and that's it." Oh Graham, honey... Where've you been the past 4 years? Facts ARE political now.

[@333Anvar]

Only Fake News is Not political and not taking any sides lol 😆😁😁

[@Robiuche]

Hahaha

[@Piquliar]

Imagine my shock when I heard that men could have periods too apparently. I felt like my life as a man was a lie up till then 🤣

[@Piquliar]

@james b No thanks bud, I'm perfectly comfortable with the way I was born.

[@CloroxBleach-qq5md]

starting to realize that’s actually true😭

[@robertscott2196]

lol your giving our government way to much credit for spending "wisely"

[@GMUTaylor6]

Govt spends a lot more money than is necessary to achieve the end result, but it is important to note one of its primary expenditures is on people. Either its own direct employees or contractors. So although not talked about often, government spending is in large parts middle class white collar welfare. So even if you desire to cut spending which is reasonable you must acknowledge there will be resulting near term unemployment until those people are reaborsbed into other fields in the economy

[@jcavonpark]

Which is why he suggested an audit.

[@wowulam7411]

@@GMUTaylor6 the problem with that is government is so unproductive and its unfair to say that goverment is good because they make middle class people. That only rises inflation it affects lower income people the most.

[@Lucklaran]

@@GMUTaylor6 Every person employed by the government makes more money than they pay in taxes, making government employees a net tax loss. The bigger government becomes, the more it costs. The more people employed by government, the more money is needed from the private sector to support them. At the same time, you shrink the private sector, shifting even more burden on a to a shrinking tax base. Hard as it may be for them, the "near term unemployment" of government employees is a net benefit. Every ex-government employee forced to go to work in the private sector becomes a net gain on taxes.

[@stud6414]

@@Lucklaran sounds like Argentina

[@JStuartofficial]

“I’m fine with them increasing taxes if it goes toward a good cause and benefits everyone and is not mis managed”. We are talking about the govt man 🤣🤣🤣 they couldn’t balance a budget on a lemonade stand

[@franzmoncada8239]

hahahahahahahahahahahahahahaha the govt and not mis managed in the same sentence, LOL

[@Junitaco]

And that's coming from the guy moving out of CA....because he doesn't mind paying more in taxes and taxes there have been so wonderfully managed

[@Junitaco]

@Taylor stephens that....is exactly the point.

[@TheOmarsalas]

Man. This is just sad. I thought america was the land where corruption wasn’t even a big deal. Maybe that’s why they aren’t number 1.

[@IntensePeppers]

@@backwoodsp.n.w do you like having roads

[@Vincent20309]

Regardless of how much money you give our government, they’ll still waste it all. Raising taxes won’t do anything to solve the government’s reckless spending problems.

[@Maviiih]

Exactly. Government lacks the incentives that the private sector does. No competition, no incentive to provide a good service since the money will always keep coming in, paycheck after paycheck, no matter what. If prefer to do charity by my OWN means, not government doing it for me in the name of “common wellbeing”. I’m from Argentina, by the way. We already tried this kind of system. 7 out of 12 months in a year you work for the government. Guess what, people still need to resort to the private sector given that all government services are pure crap.

[@mrjace3]

That is a huge fact!

[@ohfoohy]

@@Maviiih lol you have no idea....how can anyone compete with apple Amazon and the big boys? Unchecked capitalism isn't good.

[@runitup22]

yeah this whole scam is a inside job spend money on things a resource you already have and havent used yet.

[@daniellee8162]

Those taxes probably will be given back to the corporations.

[@vvill-ga]

Up Next: Why I'm Leaving California

[@guida1480]

He already left California.

[@senseiadam-brawlstars9465]

@@guida1480 *left

[@guida1480]

@@senseiadam-brawlstars9465 Sorry english is not my first language.

[@christopherorozco4533]

Thanks we need more conservarats out of here

[@vvill-ga]

@@guida1480 Yes thats why he made a video on it which is what appeared on "up next"

[@reedwilliams7119]

14:30 "Audit the government" Libertarians: *heavy breathing*

[@nerdybucks-personalfinance4328]

Tax is a boring subject for most people, bur honestly everyone should research legal ways on how they can pay the least amount of tax possible.

[@KOLAkola]

Right like about 700 bucks 😂😂😂

[@tysonnelson8444]

@@KOLAkola exactly that’s why everyone loved his economy

[@jessiej3991]

See the documentary film " America : Freedom to Fascism " to learn how to never pay taxes

[@MrV902]

Graham: "I don't mind paying more as long as we know the money isn't being wasted." The US Government: *MMM, sixteen dollar muffins*

[@lowwprofile]

The money will always be wasted. Don’t be a govcuck.

[@acommunist1607]

Ummmm, big pp gun?

[@kerriluke2636]

LMFAO!! He’s so young! 😂

[@violentshoes4685]

It’ll go to reparations for black people.

[@gavinboggs5787]

@@violentshoes4685 no it will goto corrupt politicians pockets....

[@AB-sr4xd]

Medical school debt, malpractice insurance, and now higher taxes. Dang, doctors work extremely hard only to lose a lot of their income.

[@MinkytheMinkY]

@Trey Thomas or doctors who actually want to save lives and don't go into the profession for the money.

[@KristineVerzoPinayMinimalist]

This is sad really... we need these Dr. but we are discounting them.

[@yerangamage8472]

@Trey Thomas Which increases demand for doctors, which will increase overall prices

[@beautybyblair4847]

@@MinkytheMinkY Really? That’s just really naive to expect ppl spending 10+ years in medical school and pay enormous amount of money to do it not expecting getting well paid. That’s almost like you expecting ppl to do it for fun or as a hobby. News flash, ppl don’t go to medical school just for fun. There are hobbies that are way more fun and cost way less time and money. Get a grip on reality.

[@cedrikgaming3626]

@@MinkytheMinkY and then after they have came Into that conclusion , they are only upwards of 250 to 400k in debt 💸 they’ll be fine 👍

[@Kraenin]

The best part of this whole video is when he says that he is okay paying higher taxes if it's spent responsibly. ... because that has happened, uhm, never.

[@HighrollerRob]

Hey, don’t be mad because we don’t have a functioning government like every other industrialized nation.

[@tongpoo8985]

@@HighrollerRob pfffft hahaha

[@tamelo]

Don't mind all the research funded by the government that helped us to create a vaccine in less than one year and all the technology we have every where.

[@bradlygamez4549]

@@tamelo you talking about the vaccine that is being sued by several people for the side effects that it causes, in some causes death, even though death is rare as a side effect it has happened

[@scott.j1]

gender program for pakistan. very responsible

[@bamahornplayer]

I will say as far as the payroll tax: While it’s “supposed” to be split between the company and the employee, in practice it’s been found that companies simply just started paying people less to make up the difference, effectively making the employee still pay the whole thing.

[@tracy_cakkes]

That’s sad

[@robertdouth8979]

That's not true though. If they pay all their employees less, then their bottom line grows for the much higher income tax burden, which means they pay more in taxes since the corporate income tax is based on net revenue and not gross revenue. Therefore you can't pass any of that tax burden onto the employee. What actually happens is that the tax is calculated and factored into the final price and bumped up slightly so that even after taxes the revenue remains similar. Furthermore the government forcing businesses to provide cookie cutter health insurance also leads to you making less money. Instead of being able to make 20% more at your job and have a free market to shop for the insurance you like best that would advertise and offer extra services to you like Geico does for car insurance. Instead you get one of 3 plans usually from a job if you are lucky and they are shitty, less shitty, and most expensive, and then you get paid 20% less than you are worth because the company deems this subpar insurance as part of your remuneration.

[@Kangaroojumper]

Does America have a minimum award wage? In Australia we have minimum wages companies are allowed to pay people "industry standards"

[@C1418OS]

@WANT SÈХ - Rita 25 y.o ! OPEN MY C A N A L !!! I don't believe you. 🤨

[@NatoriousGamePlay]

There's a lot of data showing that employees pretty much pay all the taxes

[@echodelta2172]

Being taxed and having no idea how your money is being spent is the same as "taxation without representation"....

[@vitsadelhole]

you do know that all government spending is public information right? the only reason you dont know is bc you are to lazy to research

[@giovanniventura7318]

@@vitsadelhole it should all be audited and made to be more efficient

[@spencer9095]

our elected officials are our representatives(senators and the house of representatives)

[@chancecarlson2023]

@@vitsadelhole part of it is, but unless its audited we don't really know. You should know that buddy.

[@vitsadelhole]

@@chancecarlson2023 no every single part of the budget is public knowledge and heavily audited

[@BadBrad119]

theres a reason why Dave Ramsey says "spending like you're in congress" excess money to the government is wasted

[@rwreplogle86]

Your perspective on taxes is refreshing. Very solid!

[@cardplayer21]

You’re very optimistic about the governments ability to be efficient. Well I agree an audit would be fantastic it will never happen. It would uncover way too much corruption. But on top of that government has no incentive to improve or become more efficient. The only answer is to reduce government powers so they can’t continue the reckless spending.

[@jdek88]

The government fundamentally can’t be efficient. They have a monopoly in most instances. No incentive to be efficient.

[@arvindsaxena2018]

The current Federal budget deficit is over $3 Trillion for this year alone. A record amount of spending by any measure.

[@Maviiih]

When you have bad incentives, you get bad results.

[@rockandrollbit]

“If the money is going to be recklessly spent and mismanaged” Ahem. If? Lol

[@joejoema]

instead of raising taxes, just pass a fkin budget. Government spending like its credit cards unlimited

[@charlolel]

ok what do you propose to cut?

[@joejoema]

@@charlolel cut any fat, did you know the government promotes spending? If a department doesn't spend the allotted budget they will get their funding cut the following fiscal year? That's how you end up with bs purchases like a Walmart table costing thousands. This is just a tip of the iceberg; there are so many black holes in our spending, is ridiculous. Every year there's a shutdown cause noone in congress can get their shyt together to create a legit budget; everyone wants to add bs to the budget to win brownie points and just keep kicking the can down the road for the next generation of taxsuckers.

[@robertdouth8979]

@@charlolel Defense would be a great start, but even that spending will go up under the next president because it's not really a matter of where it's spent for them. As long as they keep spending insane amounts they create larger bureaucracy, and then everyone employed by that bureaucracy is invested in those guys continuing to get elected so they continue to waste the money on their non-essential jobs.

[@Adamroxftw]

Damn republicans

[@fatguy9]

Government also stimulates the economy with the tax dollars though

[@thomasw4395]

“Recklessly spent and mismanaged” aka how a large part of our taxes are currently spent by govt

[@carlosc3d]

Like golfing and meaningless joy rides of the president

[@mulan9893]

Oh! Or buying your son into a company with no knowledge of the industry by using your political power. Or how about fueling your sons crack cocaine addiction so he can live a degenerate hedonistic lifestyle where he develops a sexual attraction to a family member?

[@elliotradescrypto2565]

Thanks for sharin your coments Thomas David incorporated. Kindly massage Trader Tyler Rowley for guidance.

[@elliotradescrypto2565]

+1 (3 4 7) 9 1 3 - 9 2 9 9

[@elliotradescrypto2565]

Massages on WhatsAp for proper response.

[@LakersBodyguard]

I love how he was trending on Twitter and people were amaze by how much money he makes from his videos to the point that some people wanted to switch to making finance videos, however, the knowledge and precision Graham has to deliver this amount of information is impeccable and irreplicable. if you stop to think about how many laws and news you have to keep up with, daily, it would make many quit right away. Keep up the excellent work, your videos have given me the knowledge that I would not seek myself.

[@mrj8940]

Then you would also like Minority mindset

[@geeeee8268]

I did exactly same research a while ago. It didn't take that long. It's all in public domain.

[@arvindsaxena2018]

Graham's videos are simple and easy to understand, but not exactly "precise". For example within the first two minutes he describes the 2017 TCJA as "a huge tax cut across the board" and "Tax brackets in every single income range were lowered", which is simply not true and even apparent from the chart he shows at 1:50 where incomes of $157,500 to $424,900 actually pay more.

[@DuhByrd]

@@arvindsaxena2018 he also said in the same sentence that some people ended up paying more. Quit being a douche

[@HIT029]

people think it is easy but they dont see that Graham already had a background of being in the business and it took him years to reach this stage. if someone is willing to put that much effort then best of luck to them but i am sure 99 percent will not do it and then those who starts it will quit when they come to know the amount of work involved. they will see someone else making money and then jump on that bandwagon. once you make money by doing something it becomes like an addiction but reaching that point is tuf as hell and many will quit

[@CarysCorner]

Graham, you're making waayyy to rational of an argument,... We're taking about the US Govt, any new tax is going to find a new expenditure. Of course they're going to waste it...

[@leonmat26]

@Cam Darlington I am betting in Ethiopia. Since they just entered a Civil War. Sudan is right next door tho so maybe both?

[@jameschristophercirujano6650]

@@leonmat26 Whichever the oil is where to nose faces. So I'm betting South Sudan.

[@Pfyzer]

@@jameschristophercirujano6650 Turkey and Greece just found the biggest oil reserve in the Mediterranean and both turkey and Greece are fighting for its right... can you guess which of the country will the US is going to support?

[@scottfisher1744]

This is a great synopsis of a slew of potential tax policy changes! Always love the content and really appreciate the balanced and unbiased approach given the current politicized atmosphere.

[@ynadle1111]

graham: "i dont mind paying more taxes if its put to good use" also graham: "im moving to las vegas because i want to pay less in taxes" i definitely don't blame him though! be smart with your money! thanks for the explanation graham... was worried if this new proposed tax plan would impact myself!

[@ordinaryhuman5645]

He basically said "I mind paying taxes", and that's clearly backed up by his actions.

[@Niko-pt9li]

But its clear in Cali that the tax payers dollar isnt being put to "good use", so he is technically correct.

[@sellfone1913]

@@Niko-pt9li Putting it into destroying the oil industry and socialized medicine isn't a good use either.

[@DavidBoston464]

California is awful with using Tax money so I feel like what he says fits perfectly with him leaving California.

[@robertdouth8979]

@@Niko-pt9li One party rule regardless of the party is going to lead to bad governance. Democrats don't have to govern well if they know that no matter what they will win state wide elections. Why do you think the forests are in such shitty condition and burning up in Cali/Washington/Oregon, but not across the border in hotter and drier Arizona? Because in AZ given it's a purplish state now but never a fully Red state before, you have to govern well or you will lose to the other party. So our forest services actually know how to operate and don't leave decades of tinder building up to light up like a matchbox. But luckily for Cali and the pac northwest politicians, they can just blame global warming and pretend their horrible mismanagement and neglect of forestry had nothing to do with it.

[@CHEFPKR]

Auditing has to happen and programs need to be reevaluated for government spending.

[@humdah.1879]

Hi

[@gregfar6398]

its literally audited yearly by the US GAO

[@liamchau8407]

@DrgnFlys Most of Bezos’ net worth is in his ownership of amazon. He doesn’t actually have $200 Billion

[@campkira]

this is why you had to learn to find the way to reduce tax... since when they got them.. they don't gave back 100%.... trust me all country is the same..

[@angelgjr1999]

Lol we have trillions of dollars that have “disappeared” to the military industrial complex

[@AaronNewton]

You've lived in California your whole life. You've already seen your tax dollars being used inefficiently. Especially for those who need the most help

[@gutsberserk2718]

That is because they did not receive enough tax dollars.......😐😐🙂🤣🤣😂

[@SargentDerpChannel]

@@gutsberserk2718 California is a failed state and you have the liberals to thank for that.

[@gutsberserk2718]

@ShadowboyTV Unfortunately it seems that the majority of people believe that paying more taxes will make government more efficient, talk about insanity.

[@pyam99]

Maybe to some, but California is an amazing place to live for those who want to become wealthy. There's a reason why CA and NY have the most billionaires and create the most millionaires in the entire world. The opportunity here is like nowhere else. My father came to Cali with nothing and now owns multiple properties. Thanks to being a Cali state resident, I graduated from a top, highly-ranked UC school for an extremely cheap tuition, and now I'm 21 making 190k a year right out of college here in California with NO debt! California is the state to build one's wealth like nowhere else, but people who haven't lived here don't understand that. They see the bad, but not the good. The good is why California itself is the 5th largest economy in the world! Make your wealth here, leave after if you want ;) (like Graham did)

[@Niqquhchris6]

Priyam happy for you!

[@allthehui]

One of your best videos as of late, Graham! Very insightful and well researched.

[@dayvidsdays5644]

Totally agree with Graham with the auditing suggestion!! I wished governmental spending with our taxes was more transparent. Anyone else feel the same way?

[@Hobochickin]

“I don’t mind paying higher taxes” - said by 1 millionaire ever

[@RocsMacho1]

Check out Patriotic Millionaires. They have a KZbin page, but are most active on Facebook.

[@firingallcylinders2949]

@@RocsMacho1 It's called Stockholm Syndrome

[@RocsMacho1]

@@firingallcylinders2949 Thanks Doc

[@bogdansibisteanu2336]

@@RocsMacho1 It is like volunteering to be slave. If you want to pay better wages or offer more benefits to your employees, or donate your earned income then you can already do it, there is no need to use government violence.

[@RocsMacho1]

@@bogdansibisteanu2336 I was doing nothing more than pointing out millionaires who aren't opposed to paying their "fair share" or who aren't against tax increases. I have no opinion on their view of taxes. OP said what he said so I just wanted to let them know that there is actually a group of millionaires who aren't opposed to this idea. Nothing more. Nothing less.

[@jesserobinson20]

Graham: I don't mind paying higher taxes as long as that money is put to a good cause and it's properly accounted for. Me: Take a seat Graham. There's something I need to tell you about the government.

[@GrahamStephan]

hmmm.... :(

[@David-xy4br]

Facts. He’s acting as if most of the money isn’t wasted.

[@ddfelder2]

100% ACCURACY!! As a government contractor, I can personally attest to this! The government is thee most wasteful when it comes to dollars. I wish I would make millions of dollars just for the government to take most of it and tell me how they’re going to spend MY MONEY I EARNED.... I pity the fool.

[@hblazers12]

@Bryan Bowser Anything more you could speak on?

[@Sebastianmedelez509fn]

I work at nuclear gov site hanford,wa I’m federal status * laborer * and we don’t work..makes up of 50% of the workforce in the Columbia basin (300k population)

[@jayhawkrocker15]

When corporate taxes were slashed from 35% to 21% middle and lower class workers didn't see increased wages or benefits. What this country really needs is more corporate integrity.

[@someedgyaccount3589]

Trump had faster growing wages than Obama who had higher tax rates... stealing money from successful people won’t make someone richer if they work a low skill job

[@fartherdude5062]

Actually wages did increase under the tax plan, what trump did is he ALSO cut taxes for the middle class and it helped boost wages. When companies do better they raise wages, when they raise wages people spend more or invest. This is why Trump’s tax plan was quite good plus optimism. Most people got a tax cut especially independent contractors and people in the Gig Economy who are becoming vitally important. Whether or not it as intentional I don’t know but it’s nice to see instead of owing 1,200 you now owe 950$. It’s not much but again it is money savings. The problem with Joe Bidens tax plan is it’s terrible especially where we are. We are in a recession and small/medium businesses are dropping left and right and now he wants to tax these small and medium business owners who are in these top tax brackets? Inflation is already increasing and he also wants to increase the minimum wage to 15$ federally. Biden is legitimately going to destroy the economy out of ignorance. It is a balance, yes sometimes taxes must go up but it’s when you do it that’s important. What we should be doing is incentivizing people to move up and give them tax credits like the home tax credit. We should give tax credits to people who finish their college degree. We should give tax credits to people who invest their money and we should give incentives to people who get off of welfare so they have more incentive to get off of it.

[@danman666666]

"I'm okay with paying higher taxes as long as the government spends my money wisely".......oh Graham...... sweet, sweet Graham.

[@dayanzamora6007]

I know right they’re just going to take the money for themselves lol

[@ceci2894]

LOL

[@cyberrock9018]

So much wars he doesn’t know

[@ceci2894]

@@cyberrock9018 my thoughts exactly.... our taxes fund wars and military bases abroad more than anything else. it almost feel like we are complicit in funding them. :(

[@saraashkir5793]

He knows they waste the money, hes just saying hes not opposed to taxation in all contexts

[@eroxx4527]

Why haven't millionaires/entrepreneurs lobbied government officials to pass a bill that will audit government expenditures? Maybe this is your time to shine !

[@codyyoung186]

Just a thought that could be totally wrong.... Because there is MUCH more richer individuals benefitting from the government 🤷🏻‍♂️

[@clarifyingquestions]

you mean why doesn't everyone including you

[@DanTheComedian98]

um because those same billionaires are buying out the government and using it as their own personal tool

[@link1565V2]

Why would the government ever pass something like that? It's suicide for those who benefit from the lack of transparency.

[@Theonlymayz]

...

[@nancykraus5127]

If Congress would pay back all the times they "borrowed" from the Social Security fund they would not need to up what is taken from our pay on that one.

[@triplethreatcga2358]

Our payment should be 40 acres and a mule for every retiree on Social Security. If you didn't pay in, you don't get any.

[@halkon4412]

Social security should have been a flat tax from the beginning. Ridiculous that it's primarily been propped up by the middle class, when taxes are supposed to redistribute wealth.

[@tallbrian100]

You are misinformed, SS is running out of money because its pays out more than it takes in. No money has been taken from the trust fund.

[@notatthistime3867]

@@tallbrian100 You are only partially correct. Currently that is the case. Historically when the baby boomers dominated the job market, SS was taking in more than it received. You had a lot more workers than retirees historically. However, the government then took the excess funds and spent it just leaving IOU's in the SS trust fund. The government should have invested that money in assets and every retiree would be a millionaire (like with the Norwegian Sovereign Wealth Fund). But because SS was designed as a pyramid scheme and not meant to generate wealth, between it, Medicare and Medicaid you are looking at potentially a 200 Trillion dollar deficit. The people at the bottom of the pyramid are going to get screwed royally. It's already estimated that SS benefits will have to get cut 30%. Imagine if the government was honest and told it's citizens, "hey, for every dollar I take from you, I will give you 70 cents back in retirement. Now doesn't that sound like a good deal to you." Social(ist) Security should be voluntary, not mandatory. It's not even Constitutional. The only reason it exists is because that Marxist FDR threatened to pack the Supreme Court if they didn't stop striking down his Unconstitutional Socialist Programs.

[@evanbusch398]

Nothing makes me more excited to earn money, knowing the more I work, the more the government takes🙄

[@DavidEVogel]

ha ha. That is our progressive tax system: the harder you work the more you deserve to be punished!

[@Brock_QW]

How else are they gonna pay for all those ads

[@gregoirepare833]

You pay more to help People who have less money to be able to live a nicer life. If more people live well more peoples are spending money and helping your economie. You are just selfish if you think like you said. Here in canada even a lower taxe bracket is higher then your highest one and every one can go to school for cheap and have right for free healtcare. Isnt it good??????

[@DavidEVogel]

​@@gregoirepare833 I like the concept of helping the less fortunate. I prefer that it be done by churches and charity organizations rather than the federal government.

[@fanaticalplel1003]

@@gregoirepare833 live a nicer life? Sure. I like helping others. But I don’t trust the government to use it for the poor. They’re totally not using it on senators 3rd penthouse in the Bahamas and disappearing money they can’t explain.

[@alicestanley177]

I worked in the government for 40 years and it would be sun rising from the west, when they will audit the government spending.

[@shama7111]

so cool that you shared who inspired you for this video.....I've ahd "kinda big deal" literally stalk my website and take my ideas as their own with no recognition. Two thumbs up for you Graham!

[@dominicanboy0622]

"I'm not going to make it political".... " tax the like button by turning it BLUE". LOL

[@TheIcedCoffeeHour]

:O

[@GrahamStephan]

uh oh

[@ToxicMantis]

Got 'em.

[@TvConfusionn]

@What You Gonna Do When The Grid Goes Down? resist

[@LaCrosseEscapeRoom]

Even though it doesn’t turn blue anymore.

[@amina-vu6jd]

Hey dude love ur vids! Only issue is I’m hearing impaired and sometimes struggle! Subtitles on all ur vids would really help

[@Panthers8912]

There should be an option on all videoed where you can enable subtitles

[@wickedleeloopy2115]

People in California vote democrats for higher taxes , then leave when it personally effects there bank balance 🙄 I just don't get it.

[@kennethhicks2113]

And bring their failed ideas to their new state... There the ones who don't get it.

[@colebaker3184]

And then turn states like Arizona, Nevada, and (almost) Texas blue.. I don’t get it either

[@Sam-kv3iv]

Lol look at the failed California high speed rail network. It just took a couple of years to increase the building cost from 60b to 120b and is on the way to 200billion 😂. Hollywood guys brag about climate change but they are riding in rolls Royce, Bugatti and Lambo. I haven't seen a big Hollywood celebrity expect maybe Leonardo DiCaprio riding an ev. Not to say all of the them uses private jets and won't use public transport. Californians are of different breed. And they too support this Hollywood brags.

[@Seth9809]

You're an idiot. Californa is a large urbanized state, with really big industries that make huge amounts of money with very tiny expenses. The Tech Industry is way more profitable than other industries, while employing way less people. Because the state is so urbanized, it needs to spend a lot on roads, police, and other functions of any highly urbanized state. Most of the people leaving the state are just leaving how urbanized the state are, or they are republicans, obviously.

[@Dommy521]

Yeah California should stop raising taxes and subsidizing the red states

[@hawkeyes4768]

IF stores, apartments, jobs, get higer taxes the price for ur daily needs will go up everyone going to get effected

[@twanglo5385]

Yup the elites brought Biden want o keep people poor and jobless. Demonizing Trump when he is doing good for the people

[@disruptedfrequency6575]

@@twanglo5385 truth

[@kerzariz8717]

But if it's spent on Climate Change, Healthcare, et - al. It also directly affects your life.

[@arefallout]

@@twanglo5385 So the elites brought Biden now lol

[@UnclePhil1112]

@@twanglo5385 That’s because they want everyone to be dependent on the government. They’ve already forced millions of people in this country out work, closed millions of businesses and forced millions more to either declare bankruptcy, refinance their homes, and forced homes to go into foreclosure. If these draconian, unconstitutional lockdowns keep up, America will turn into a replica of Venezuela within 2 years.

[@EvoluciaCT]

“What’s up Graham it’s guys here!” Better be in more intros 😂

[@TheIcedCoffeeHour]

😂

[@gasdorficmuncher9943]

@@TheIcedCoffeeHour thanks graham for paying our bills

[@carter5548]

I like his intro now. It bothers me when people purposely switch around their words so that it makes less sense.

[@pedromunoz4468]

It still cracks me up when I remember that intro! Lol 😆

[@AliFatCat]

Oh God, that was hilarious!

[@valentinab2544]

yesss that makes so much sense to AUDIT the government and where our tax dollars go. Great idea Graham thank you so much for your videos I am 19 and take so much value off of them I can’t believe these are free to me, I always hit the like button 👍🏻😎

[@FinancialBeanstalk]

Only 3 things in life are guaranteed; death, taxes, and smashing the like button!!

[@TheIcedCoffeeHour]

YES!

[@shannoncargo468]

32 years old be my 1st year paying taxes

[@retro2712]

@@TheIcedCoffeeHour fake account

[@MoEyda]

@@retro2712 no it’s not

[@paytonaxtell]

@@kgal1298 I am living proof

[@cyberrock9018]

“Trillions of dollars missing from the pentagon coffers” not surprised

[@StuartMacadam]

Neither.

[@awhs5435]

Oh you dont remember how Donald Rumsfeld lost 1.2 trillion dollars in cash while flying it to iraq? *wink wink*

[@saado99]

September 10th's 1.2 trillion dollars instantly comes to mind

[@allenjohns7604]

They must have followed the same trillions in shove ready jobs down the " you don't really care" hole.

[@ragmanintx]

We're ignoring the reality that government does a wretched job of managing your money (it is other people's money, and NO ONE manages other people's money as well as their own). And know that every dollar taken from taxpayers is a dollar that cannot be used at a local restaurant, coffee shop, bike shop, hardware store, or favorite charity. Smaller government is better government.

[@SneakersOToolee]

Agreed. 👍

[@jaytheactivist8520]

Smaller Government has benefited 0 states in the US

[@toomuchsauce4041]

Other countries such as Norway and Sweden have much higher tax rates than the US and out preform the US in economic freedom and quality of life

[@jacob1931]

@@toomuchsauce4041 I prefer my money in my pocket. Not the government where it’ll just go into politician’s wallets. They also have trillions of dollars in debt so.

[@toomuchsauce4041]

@@jacob1931 we have way higher debt than those countries lmao. And having debt isn’t necessarily bad, as long as it is managed correctly

[@kinnish5267]

An employee pays the full 15.3%, not 7.65%. The employee's salary when hired is $7,650 less to cover the EMPLOYERS contribution.

[@I_am_ENSanity]

Remember when our founding fathers went to war over 2% tax?

[@onenationunderduress8994]

I’m wondering how long it’s going to be before people stand up and stop all the theft.

[@The-Dirty-Straw]

Thats why I say, bring back swords

[@xxxxMonkeyGirlxxxx]

@@onenationunderduress8994 not any time soon. The military alone has 50,000 civilian companies contracted to them. Lockheed Martin employees 110,000 civilian people in Maryland and if the other 49,000 companies have 50 employees each that is 2,450,000 million civilians (non-government) that depend on the government for their job. You already see how freaked out people are about losing their jobs so if those get cut people will go crazy.

[@LatimOnek]

I also remember when they didn’t free the slaves. Worried about the wrong things.

[@alfredosalinas1300]

Missing some key context here

[@prestonlaw]

Graham:”I don’t mind paying higher taxes as long as it goes to a good cause. Also we should audit the government.” Me:LMFAO😂😂😂

[@connorgurgone345]

I think we need to just pay off the debt that neither side has fixed.

[@Isaac-ev3nq]

@@connorgurgone345 Same

[@prestonlaw]

@@connorgurgone345 I mean the government would just keep printing money after we paid it off unfortunately

[@connorgurgone345]

Anonymous that wouldn’t work. There would be massive inflation and there’s many regulations on that.

[@prestonlaw]

@@connorgurgone345 I’m saying even if we had no debt Congress would spend money still and get into debt again. We print trillions and people warn of inflation and it hasn’t happened yet somehow

[@mr.toodguy8922]

The government would never audit their own spending, because they know damn well it all gets wasted. We need a government that's as frugal as Graham's coffee: Graham Stephan 2024!

[@carlsagan6663]

yo FYI a "frugal" government dosent have the strongest military in the world.

[@AJ-ly8si]

@@carlsagan6663 we spend WAAAAAAY too much on military

[@carlsagan6663]

@@AJ-ly8si Yea true statement my friend

[@monsterboomer8051]

Democracy prevents you from electing responsible people since poor and stupid masses will always go for someone who will promise them free money. You can't outvote the stupid.

[@oisquid3482]

@@monsterboomer8051 better than voting for a terrorist

[@Sega_1848]

Gave you a Thumbs up for mentioning Minority Mindset. You two are my favorite Financial Education channels.

[@allsparkwars2644]

Graham can talk politics without being political.

[@arvindsaxena2018]

Yes that's the true brilliance here. When taxes are raised on $158k income earners? "You can't please everyone". When taxes are raised on people making multiple millions per year? Well, that's the rest of the video.

[@Kingslayer513]

It's political if you read between the lines though.

[@allsparkwars2644]

@@Kingslayer513 that is the genius as Arvind's comment said. Graham is giving his thoughts without it being a political shitpost.

[@Kingslayer513]

@@allsparkwars2644 true

[@xenotiic8356]

That's not how politics works.

[@sprnting7306]

"I don't mind paying higher taxes" Graham: Literally moves to pay less taxes...

[@JOHNNY-ph5kf]

His money

[@GnoixGenp]

@@Simbecile Lol that’s how he justifies it to you and himself. There’s plenty parts of Cali where it’s great and not stereotyped like Cali is in the media. Anyone who believes Cali isn’t great, has never even lived here or only been to LA or SF. I have no problem with him moving out of Cali for taxes but don’t bullshit it lol

[@Simbecile]

@@GnoixGenp he does his business mostly in LA and still has a house there. He said it was getting unsafe and from family I have who just left the area last month, they said the same.

[@yalewerner2732]

Well, when you see the way California manages their money it is probably the most justified thing you could do, give some money to a state that actually fixes its wires from time to time.

[@jcavonpark]

He said he didn't mind paying higher taxes IF the money went towards things that benefited everyone and could be managed well. He also suggested a full audit. At no point did he blindly say he didn't mind paying taxes. Nuance is important when understanding others. Also, he didn't move to avoid taxes. Watch the video he did. He moved for a variety of reasons.

[@totallyjerd1751]

"I don't get political.. now smash that like button and turn it blue!" 🤦‍♂️ Graham

[@TheIcedCoffeeHour]

😮

[@GrahamStephan]

lol

[@laura53ize]

Make red all the USA

[@seancallaghan54]

As a moderate progressive I appreciate your breakdown and proposal of solutions while also cautioning that everything is an educated calculated guess not a fortune teller The issue with an audit is not everyone values things the same. How much should we spend on military, planned parenthood, pro lgbt+ programs, schools? If we all can't agree on an amount then the tax amount shifts wildly between groups which is what we have now

[@jimsalmon5158]

I’m glad there are still some level heads out there that will tell it like it is without disasterizing the situation.

[@curt5004]

Biden will ruin the country lmao

[@crab7405]

@@curt5004 But we love riots, looting, lockdowns, and higher taxes!

[@BangMaster96]

+Jim Salmon Didn't take your pills today huh

[@joshuaknapp5966]

Graham's next video, "Why I'm Leaving America"

[@angelbermudez9885]

“I don’t mind paying higher taxes” aren’t you moving to Vegas just so you can pay less taxes??

[@nickdoyle-achievefinancial2464]

You can "not mind" something while choosing not to. I may not mind washing my dishes, but if I had the option not to...

[@WaguAndThePointerBrothers]

Graham is a sellout. Havent you noticed already? Contradicts himself constantly.

[@silentbizle936]

He doesn’t mind it because he doesn’t have a choice anymore.

[@elizamartinez4184]

He moved so that he can get more for his money when buying his house

[@WaguAndThePointerBrothers]

Michael Stephens what? Vote red. That’s his choice.

[@MoreChannelNoise]

Montenegro 9% tax, Montenegro is actively working to attract businesses to its country. If you own residential property in Montenegro, you can obtain a temporary residence card, which is renewable every year.

[@awakening_bryan]

It was about time to feature Jaspreets channel. He can bring a lot of value to your audience

[@Zekrom525]

Agreed!

[@Morbidzero]

Down "below".

[@goldenmemes51]

@beautiful boombap when where ? I wanna see

[@1pyroace1]

This would b dope

[@Boo-sy7fc]

Ayoooo jaspreet

[@StudyMusicProject]

who else here, after watching this video, feel like they actually know NOTHING about taxes 😳

[@nickdoyle-achievefinancial2464]

It's important to learn about taxes. It can save you hundreds of thousands over your life. I have a couple videos that explain some details of how general investors can avoid taxes.

[@od4407]

@@nickdoyle-achievefinancial2464 This gives a decent idea of how taxes work. But it’s on you to keep researching. However, the more you begin to invest the more it will behoove you to find a good Tax person.

[@nickdoyle-achievefinancial2464]

@@od4407 I agree with consulting professionals when needed. However, the average person doesn't have anything complex with their taxes. If you earn a wage and will have less than a couple million by retirement, your strategy is pretty simple and possible to DIY if you want to invest the time to figure it out. I definitely think tax professionals are worthwhile if you don't want to invest your time to learn, run your own business, invest in real estate, have a high net worth, etc.

[@arvindsaxena2018]

It's important to learn about taxes, but please learn them elsewhere. This video is contains lots of misleading, if not factually inaccurate, statements such as within the first two minutes the claim that Trump's tax changes lowered all brackets (in reality, single people with taxable income of 150k-400k got hit with higher rates) etc

[@od4407]

@@nickdoyle-achievefinancial2464 Sure, which is why I said the more you invest (I.e real estate, your own business etc) then he may consider using a tax professional. You don’t have to have a net worth of a million dollars to benefit from tax strategies. It can actually help you achieve that 1 Mil net worth someday

[@aznbspikey]

Graham does realize that when the government uses the money poorly and cost ineffectively, the government has more reason to say "raise taxes, we need more money to solve such issues." If the government used the money properly and effectively saving money, the people would demand lower taxes because a government does not need a surplus. Also Graham says he's fine paying more taxes to benefit others but in the current system we're in he can already do with which he wants to accomplish by private means by being a private donor for good, proven causes with history of results and improvements.

[@TLSH12]

yeah they seriously need to make lobbying a thing of the past, legal bribery will always lead to taxpayer money to be spent wrong

[@JUDALATION]

Id be willing to pay more taxed so you can go to school and learn how write a proper sentence. 😂

[@angelantayhua3096]

Kinda sad that we’re in third world level territory when it comes to government spending. We used to do better

[@seanphurley]

@Allen Sae I agree with alot of what you say. But I take issue with a pet peeve of mine. "if youre so convinced everybody should do xyz, do so yourself and leave me alone!" misses the argument. He is arguing everybody should do xyz amount. Not one person, everyone. He is saying this should be forced on everyone for xyz reasons. This has a larger impact than one person doing it. Whether he does it himself completely misses the point that he wants the government to force everybody to do it. That is the argument. Otherwise I agree with your post.

[@nathaniel6481]

Exactly the government doesn’t care about making a profit and since they don’t use their own money to pay for things. They don’t care that they’re overpaying to get certain things done as long as they get their salary every month.

[@AbbenHung]

i really like graham's statement that if the money is put to good use then I don't mind paying more in taxes. 100% on board with a government audit and added transparency to the public spending of taxpayer's money.

[@Kirbythediver]

"Won't get into politics" You don't have to Graham. You're a self made man. You started from the bottom and made it to the top. Its obvious you like to keep what you earn, its why you bought a new house in another state.

[@euenfheiejrj]

To be fair he got rich in California, not Nevada

[@alexandriafuller3778]

Someone didnt watch the video lol

[@Ndasuunye]

I don't know about the bottom but he did start much lower than the average trust fund baby

[@edusb5747]

@@euenfheiejrj Cali rips off people

[@edusb5747]

Also taxes are immoral

[@MasterMoose04]

*Good ideas* US government: “And for that reason, I’m out”

[@ratface1399]

Its not the US government, its sleepy joe and socialist kamala

[@ratface1399]

The radical left

[@sojournern]

I've long advocated auditing gov expenses, though I'm more in favor of a small but independent and constant audit of all expenses.

[@GrahamStephan]

i'd love that!

[@liamboyd4676]

I live in Illinois, and years ago they decided to spend hundreds of millions to install a system over the highway to tell drivers the traffic level of each lane ahead... needless to say it’s not a good idea, and now is just bunch of useless screens hanging on top of the highway... so yea I will always against paying more taxes until I know how they are spending my money

[@LDreTheGiant]

Graham should be in Washington helping with these bills

[@MAC-vi7fy]

I disagree, graham has done a lot of research but I think the economists in DC we don't hear about know more about this.

[@valenation4466]

Didn't expect you here

[@Steph_JimenezRE]

Worlds Colliding for me 😂😂❤️

[@jasoncease6288]

Not sure if that would be smart for him. We all see how Washington treated the last real estate invester who went there to fix things.

[@thecapone45]

@@jasoncease6288 this time we’ll send a successful one.

[@davidmark4583]

We're gonna find out real quick if those economists who argue about the corporate tax rate are correct or not...

[@BerlinUKn0w]

I think it's a complete misinterpretation but who am I to say sth about it..

[@King-ts8jg]

It doesn’t matter they won’t pay tax anyways

[@davidmark4583]

@carlson mujem Agreed

[@davidcantor293]

They do everything in their power to profit billions, pay employees minimum wage, and avoid paying any tax. Corporate America is a joke. BOOOOOO

[@King-ts8jg]

@D2 E2 statistics show it is the best Economy though?

[@terenceshared9040]

An increase in taxes without reducing expenses is a useless exercise.

[@brennyo4506]

Why?

[@Rosy2468]

Well as a counterpoint if the taxes were randomly dropped for political points raising them back to where they are isn’t an attack but a return to the norm.

[@alexh8818]

Government deficit is irrelevant when the government is in charge of their own money. Taxes are used as an economic stabilizer to avoid over inflation.

[@__-yu2mz]

@Xray Paul yeah even though welfare is known to keep people poor.

[@Seth9809]

@Xray Paul Didn't Obama lower taxes?

[@CPTBacardi]

Clearly, you're being the most affected. I've never hit more ads on a video ever. Hope you're doing well fam.

[@markanderson100]

Just use adblock. No more ads.

[@BeingScared]

Liked, 100% Watched. Keep doing what you’re doing bro. Your channel is awesome.

[@AmirGTR]

Strap in kid, we're going straight to the TOP

[@mrsderosa105]

Love your channel 🖤

[@voxs2925]

Woah i was not expecting you to comment on grahams channel hi Being Scared hows it going

[@ryanleethomas]

14:30 Graham: "I think a better outcome here would be to fully audit all government expenditures". Department of Defense: "please no".

[@ElinWinblad]

Last time they were trying to explain missing trillions in government hearings they had 9/11

[@DzuyNguyen]

One point that I noticed, when the corps got the huge tax deduction 35% to 21%, they didn't pass on any savings to the customers. That's one thing people never talk about.

[@aliciac4772]

Cause they never do. Trickle down economics isn't real. Trickle up is - i.e. give the people the power to buy/spend/invest. Do this by giving them living wages/universal health/income that allow people to pay their bills and still have money leftover to save and spend as they see fit. Sadly too many would rather shoot themselves in both feet than give up the "possibility" of being a future billionaire.

[@TheJerry93]

It all went into the executives bank account. That 100k bonus just became a 200k bonus

[@immaculatesquid]

negative unemployment in 2019 in many states.......... beautiful

[@Mathis218337]

No but stonks go up

[@Mateo-kl2nn]

I think a VAT tax (value added tax aka consumption tax) is better because there is no way to sneak out of it. If we do keep the income tax, it should go up continuously with income, following a smooth function instead of with brackets

[@Kohara34]

"I don't mind paying higher taxes as long as that money is put to a good cause and is properly accounted for." Hahaha this is the US government we're talking about

[@TheAlfas19]

every government is the same

[@javiervasquez29]

@Minnie Ly Democrats are worst Stewarts of our taxes...

[@ulisesrobles27]

Here in Mexico we say if you allow the government to lead a project it will cost and take double the time than if it’s made by a private company. And that’s in an ideal case where corruption is not taken into account. Once you factor for corruption the cost can exponentially increase 10 to 100 times I’m not kidding.

[@kirisutegomen12]

Lol goverment is way worse in other countries

[@javiervasquez29]

@Minnie Ly They didn't gut them. They where trying to reduce fraud and get people to work. I don't see Republicans complaining about that. Social programs are good if there properly manage and the funds not giving to fraudsters. Fraudsters are rampant in this programs incase you didn't know...

[@graygigandalf1692]

“Tax the like button by making it turn BLUE” And you said you wouldn’t get political.

[@TheIcedCoffeeHour]

**shocked pikachu face**

[@GrahamStephan]

:O

[@obamabinladen911_]

It turns white not blue

[@graygigandalf1692]

Hey 1/3 and 2/3 Grahams! Where’s 3/3 Graham?

[@VioletIsBulletproof]

@@obamabinladen911_ with the updated youtube for me the like/dislike is white inside and black stroke outside. When i tap either one it turns black. So.....its changed. Haha

[@xaviermorales2748]

Graham: “We should audit every government agency” *The Pentagon wants to know your location*

[@robmizell]

We already do with the Government Accountability Office - "Often called the "congressional watchdog," GAO examines how taxpayer dollars are spent and provides Congress and federal agencies with objective, reliable information to help the government save money and work more efficiently."

[@mattphillips1910]

@@robmizell Very true! (Except for the Federal Reserve Cartel. They never get any scrutiny.) The funny part about the GAO is that there isn't a single government agency, anywhere, at any level, that gives a care what the GAO says or suggests.

[@robmizell]

@@mattphillips1910 well, getting the government to pay attention to the GAO is a completely different topic. 😉

[@curiouswords]

@@mattphillips1910 EXACTLY! GAO - Hey Congress, here is our report on how taxpayer dollars are being spent. Congress - Thanks. Hey Intern, see if you can find someone who cares about this report. If not, circular file this report under, "We don't care..."

[@wickedleeloopy2115]

Audit the federal reserve bank ...good luck

[@Jon9008V]

Well, one thing is that companies will have to run some scenarios and it could be a combination of rising prices slightly and reducing job openings to limit spending and keep their current employees. Unemployment may go up, wages stagnate, prices go up, and government power increases.

[@Takastie]

In Australia we have the First home buyers grant that has gone through many forms. When it was giving money to the buyer, prices just went up to reflect that extra buying power. Any credit you give to a buyer will just make the seller calculate it into their selling price. Edit: To add to the above, the first homebuyers grant is now Free Stamp Duty on your purchase but it still has the same effect.

[@leonmat26]

Yeah and to add to that, buyers will also be more willing to pay more keeping the extra money in mind. I mean we saw some of that with the low interests earlier in the year. Where house prices went up because ppl were gonna pay less interest on them.

[@TheProcrastinator6]

yep, it just pushes up prices and is a bad idea. The obvious answer is to build way more housing, but for that to happening zoning/urban planning has to be simplified like it is in Japan.

[@bradburnham356]

Facts, it happened to the American college system to a huge degree. With the federal loan anyone could pay anything at any time for any class so it just went insane with demand

[@tracy_cakkes]

Yeah I learned that in Econ