Video

Thank you so much for sharing this with us… but everything is so expensive 😅barely we can buy groceries and pay bills and rent… but like it you said is all about how to find away to save money… maybe eat lots of noodles 🍜.

Best..👌

Flat tax is still not fair because the person working harder is still having to pay more out-of-pocket

If we all benefit from the same public services and goods, why are proportional and progressive tax systems cherished and deemed "fair" while regressive tax is classified as "unfair" ? When you go to the supermarket to buy a pack of eggs which costs $10, every person, regardless of their income pay the same amount of money for that pack of eggs. If John makes $100k in income and Mary makes $300k in income, you don't expect Mary to pay 2 times more for the same pack of eggs, so why then do not apply the same logic to taxes? Assuming a flat tax rate of 20%, if we all benefit from the same public services and goods, then why John pays $20k in taxes while Mary pays $60k in taxes? Mary pays an excess of $40k the THE SAME public services and goods, just because she has a higher salary. Practically she is penalized for being a higher earner. It doesn't make any sense. In the video the fairness is invoked in relation to "tax burden" where the tax burden is represented by a percentage and not by an actual amount of money. By the same logic you could say that Mary, because she earns 3 times more than John, has an unfair larger income, so by that logic to make it fair Mary would have to give half of the difference between her salary and John's to John so that they could both "earn" $200k.

Firstly, this was a very good explanation. I really like the video. Secondly, a big problem is that flat (proportional) taxes are *also regressive* . If the Browns pay 15% of their income, they don't have the $36k required for living. But the Smiths, paying 15%, still have plenty more than $36k needed for their living expenses. The rental cost of a home doesn't scale with income, it simply *is* . The cost of transportation also doesn't scale with income. Nor does the cost of a dozen eggs or a loaf of bread. When looking at absolute dollar amounts, flat taxes are inherently regressive.

The US Federal income tax is not a progressive tax system. That's a joke. I can't even count all the companies on my fingers and toes that haven't paid taxes in the last 5 years. What they collect is not the same as what they return. How many loopholes for deductibles exist for the wealthy vs the poor? The poor have eitc and that's it. That's the biggest one.

Free-Market-Capitalism This is the personal income tax system that exists in Australia today. In this system the working poor and middle class pay a progressive rate of tax that increases as they earn more income while the rich pay a flat rate of tax that does not increase as their investments produce compounding dividends. This blend of two systems is designed as a barrier to keep the working-class poor and the investment class rich creating a modern-day master-slave economy and turning Australia and other countries like it into nothing less than open prisons for the vast majority. AUSTRALIAN TAX THRESHOLDS (MONOPOLY-MARKET-CAPITALISM) $0000-$18,200 = 0% tax rate ($18200) tax free portion $18,201-$45,000 = 19% tax rate ($26800) portion taxed@19% $45,001-$120,000 = 32.5% tax rate ($75000) portion taxed@32.5% $120,001-$180,000 = 37% tax rate ($60000) portion taxed@37% $180,001 “and over” = 45% tax rate (flat tax) A free-market system ensures the best person win but this is a monopoly market system and it ensures the richest person win. The richest people always win because they don’t need to innovate, they just need to accumulate wealth and buy up the innovations. Innovation is disruptive and competitive and monopolies hate nothing more than someone who can compete with them or disrupt their profit making, this is just simple economic common sense, I can’t even imagine how different the world would be if all the innovative ideas were able to compete on a level playing field. The Free-market system is that playing field but it may only exist if there is a 100% tax bracket, the percentage does not set the limit it just allows there to be one. The amounts in the brackets set the limit so we could have a $Trillion bracket; it would affect nobody but it would reinstate the free market system without a revolution and with very little fuss. North America once had a 91% tax bracket but it was lobbied down because some rich bastards knew the tax system was the goose that lays the golden eggs while the amounts in the tax brackets were just the golden eggs. AUSTRALIAN TAX THRESHOLDS (FREE-MARKET-CAPITALISM) $0000-$18,200 = 0% tax rate ($18200) tax free portion $18,201-$45,000 = 19% tax rate ($26800) portion taxed@19% $45,001-$120,000 = 32.5% tax rate ($75000) portion taxed@32.5% $120,001-$180,000 = 37% tax rate ($60000) portion taxed@37% $180,00-$1Trillion = 45% tax rate ($999,999,820,000) portion taxed@45% $1Trillion+$1 and over 100% (fully progressive tax) THE SYSTEM IS THE GOOSE THAT LAYS THE GOLDEN EGGS This shows the power of saying “and over” before a 100% bracket, it reveals how obscene and ridiculous these amounts of money are, forget about the gold if you want a free market, the 100% goose is the only thing we need and nobody can make a fuss is nobody loses money. A return to free-market capitalism starts with making the progressive tax system apply to everyone instead of the highly discriminatory way it is only being applied to the working poor. When it comes to human and environmental costs It is vital to understand that we need to regulate the one motivation behind the actions, not the endless number of actions businesses might take. Either through corruption or incompetence our leaders fail to do their duty and regulate the profit motivation, there simply is no excuse to replace one pre-emptive regulation with an endless supply of reactive regulations just to have lobbyists delay, dilute or dismiss them over and over again, it is beyond criminal, it is treason. Where are all the scholars, where are all the saints, why aren’t they showing us what’s really happening, does everyone have a secret agenda or are they all just stupid? A wealth tax is one of the stupidest ideas I have heard, it makes us partner with the criminals, now instead of limiting the human and environmental costs we have a vested interest in seeing them expand. Religion and socialism are just other types of monopolies, they just want their ideology to own the goose that lays the golden eggs, if any monopoly ruled the world there would be no more innovation just dumbing down for blind obedience. Here is my agenda, to never let anyone own the system by making it free. A fully progressive tax with a $trillion-dollar limit is how we begin to recover the free-market-system, no one can complain without showing their true monopolistic agenda; the current monopoly game is coming to an end however and soon there will be a winner, no human or environment cost will ever be too high for this winner to maintain their power, it is a trap for the whole human race and one which we will never escape from. How broken does the system have to get before we see what is really happening?

Waiting for the "Raping Bottom Feeders with User Fees"..…..video

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

Flat tax is actually a regressive tax

Did you take into consideration the mortgage payment in 1 yr and if u can afford it

brilliant explanation!

*I'm so happy trading with Mrs Mary she's different from other trader's. I always made withdrawal of $20,000 every week of trade, God bless you.*

LOVE IT

Thank you so much, this video makes me feel better.

It's impossible to talk about this topic with the common folks, even though there are risks, there is clearly an advantage. I have debt invested in Index funds, and large cap companies. I borrowed 60 000$ from a commercial bank at 3,95% interest. In my country i am also able to make a 30% deduction on that interest. Meaning i only pay roughly 3% in interest for that loan. Investing that money into my investment bank, allows me to take an additional loan for 2,1% (not deductable though) upto 50% of the funds/stocks i've invested in. So in total an investment of 90 000$ The average return on the index funds i've invested in is 16,51% (but the whole market roughly 7%) It's been very profitable -- And i simply compare this to basically buying a home with debt (but i think it's less risky) I also make an additional deposit of 1 500$ per month into the funds -- Trying to mirror Buffets style of long time investing.

You lost me at the brokerage statement. Why do I find these things hard to learn..

Thank you for this!

I’ll just go ahead and say: the bank’s money is too cheap for me not to take it, and the opportunities are limitless. The only problem I’m having is that my country’s laws dont allow me to take out more than 60% of my salary in loans payment.

Thank you for the great explanation. Can I use your video explanation to the class presentation?

I subscribed very sastisfied from this lesson

i don't understand how the 35yo took 30 years but the 25yo took only 7 years to get to 264k!?

thank you

too many people who prematurely died worrying about saving as much money as they could for retirement and never enjoying it. The whole point of retiring early at 62 is to enjoy your retirement.... that's it. S0, when people say, yeah, I'll be getting more money when I'm 78, 8O or something, I have to ask.... will you have enough energy or be in excellent shape to enjoy it? Maybe they will, but, you just never know. My advice is, enjoy your retirement earlier, be thankful that you can retire and use the m0ney now while you're young enough and have energy to d0 this.

so i cant click thumbs up or down. 1 % net is a bit poor, but considering that the stock returns of the last 10 years have been artificially inflated (fed, stimulus etc) future returns might only be 1 or 2 percent net. (worse) also i think actual spending needs to be addressed and not only using past gross income.

2:44 interstand instead of understand, great video tho

solid advice . who the hell disliked it? wallstreet bets yolo mofos?

You left out one of the biggest regressive taxes, corporate taxes.

Needed this💯

The richest Americans would love a flat tax. That's all you need to know about it.

Hi, I would like to invest in a start up company with my company's "employee loan" money. Can you make a video about the pros and cons of this ideia? Since the loan its a great amount I dont want tge money to go to waste.

This video came in clutch 🙌 thank you for the content.

hello

Fair is a subjective term. Applying it to a tax system is misleading.

3% return ? That’s way too low

thanks alot. this was very clear and educational.

Didn't Warren Buffett borrow money to invest and make his early fortunes? Hmmmmm...

There are problems with this article but I will identify just one. Stating that sales taxes are regressive is false. The claim is based upon the assumption that the tax consumes more of the disposable income of low income people. I agree with that assumption, but by that logic all taxes are regressive. What is disturbing is seeing how math is misused to make it look like low income people are taxed more. The truth is much simpler. People with more money spend more money. With a fair sales tax, the more you spend the more you pay, so wealthier people pay more.

Great advice you're a legend

interesting points ,if anyone else wants to discover life coach online try Magic Progress Shortcut (just google it ) ? Ive heard some amazing things about it and my m8 got excellent success with it.

3% return? Silly.

I found the easiest formula is: Yearly Living Expenses / .06 = How much you need to retire czcams.com/video/mTO4-tYfx5s/video.html

Think about Mr. X's investment possibilities for 3 years holding period in real investment environment. He works in a MNC in India, he is 51 years of age. His family comprises of Mr.X, his wife and a kid pursuing MBA in a reputed B-School. His take home salary is Rs 8 Lac per annum. a) What could be his investment objectives? State as bullet points. [2] b) What amount of funds he could invest for 3 years period? State with brief justification. [2] c) What investment vehicles could he use for investment? (What types of investment vehicles are available in your investment environment?) State with brief justification. [2] [2] d) What type of investment vehicles would be relevant to him? Why? e) What factors would be critical for his investment decision making in this particular investment environment?​ Can anyone answer this question

Helpful video. But other things need to be considered and most importantly calculated such as inflation and so on

If you are a big earner then yes you can save a lot of money for retire but most people aren't big earners. Low income workers are spending most of their money just trying to survive.

Where your wrong is how you think the rich pay less still. 8.25% sales tax on items rich people buy equate to them paying more in taxes than the poor. It is going to be case by case basis by their lifestyle.

Wait a minute......"can you imagine being in your late eighties and having to go back to work because you have run out of Money"......give me a break, I am an accomplished 63 year old retired financial executive and I could not get a job as a city clerk now if my life depended on it, and an 89 year old is going to try to look for a job? If I am ever in that position, all I need is a credit card, a bottle of scotch and a ticket to a good euthanasia outfit......

Fantastic video. Very easy and clear to understand and the printable was really really good. Thank you for doing this.

In this country.. you'll never have enough.

Thank you sir