The Progressive Income Tax: A Tale of Three Brothers | 5 Minute Video
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- čas přidán 2. 11. 2014
- "The Progressive Income Tax" is one of those economic terms that gets bandied about, but few actually know what it means or how it works. This tale of three similar brothers with three different incomes (but one shared expense) helps explain the tax system under which we live. Adapted from an article by noted investor and economist, Kip Hagopian, and narrated by actress Carolyn Hennesy of "General Hospital" and "True Blood" fame, this animated story will change the way you think about how you pay your taxes.
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Script:
Once upon a time, there were three brothers, triplets, named Tom, Dick, and Harry Class. They were raised in the same home, with the same parents, had the same IQ, same skills and same opportunities. Each was married and had two children. They were all carpenters making $25 per hour.
While they were very similar in all these respects, they had different priorities.
For example, Tom, chose to work 20 hours per week, while his brother, Dick worked 40 hours and Harry 60.
It should also be noted that Harry's wife worked full time as an office manager for a salary of $50,000. Dick's wife sold real estate part time 10 hours a week and made $25,000 per year. Tom's wife did not work.
Tom and Dick spent all of their family income. Since they paid into Social Security they figured, they didn't need to save for retirement. Harry and his wife, on the other hand, had, over many years, put away money each month and invested it in stocks and bonds.
Here's how it worked out: Tom made $25,000 a year, Dick and his wife made $75,000 and Harry and his wife, $150,000.
When a new housing development opened up in their community, the brothers decided to buy equally-priced homes on the same private street.
One day the brothers decided to pool their funds for the purpose of improving their street. Concerned about crime and safety, and wanting a more attractive setting for their homes, the three families decided to install a security gate at the street's entrance; repave the street's surface; and enhance the lighting and landscaping. The work was done for a total cost of $30,000.
Harry assumed they would divide the bill three ways, each brother paying $10,000. But Tom and Dick objected. "Why should we pay the same as you?" they said. "You make much more money than we do." Harry was puzzled. "What does that have to do with anything?" he asked. "My family makes more money because my wife and I work long hours, and because we have saved some of the money we've earned to make additional money from investments. Why should we be penalized for that?"
"Harry, you can work and save all you like" Tom countered. "But my wife and I want to enjoy ourselves now, not 25 years from now."
"Fine, Tom. Do what you want. It's a free country. But why should I have to pay for that?
"I can't believe your being so... unbrotherly," Tom argued. "You have a lot of money and I don't. I thought you'd be more generous."
At this point, Dick, the peacemaker in the family, entered the conversation. "I've got an idea," Dick said. "Our combined income is $250,000, and $30,000 is 12 percent of that amount. Why don't we each pay that percentage of our income? Under that formula, Tom would pay $3,000, I would pay $9,000, and Harry would pay $18,000."
"I have a much better idea," said Tom. "And one that's fairer than what you're proposing."
For the complete script, visit www.prageru.com/videos/progre...
This is what Ben Shapiro would read his kid every night.
Lmfao
Archit Jain it’s a joke. U got to read some memes to understand it.
OMG HAHAHAH
Yes
TheGamingGallery A yes, not just religious indoctrination, but political indoctrination as well!
Harry moved out.
Tom and Dick couldn't pay for upkeep.
The neighbourhood became a shithole.
Tom and Dick were killed on a drive by shooting
The realistic end to that story.
Now the neighborhood is called Portland
Then Harry was arrested for the murder of Tom and dick
they should have worked harder lmao
Says it all!😎🤪🤪🤪😴
And this is why Harry moved out of California
Harry moved out of Cali because of the gay people and the black millionaires. We don't want Harry back, either. Eff Harry.
In real life: Harry would leave and Dick would foot the bill (i.e middle class)
Your example would only apply if Harry was a billionaire with a corporation, this is what happens in real life to the 6 figure upper middles class, they don't hold power like the billionaires
czcams.com/video/oHg5SJYRHA0/video.html
@@abrahamj15 no you don’t need to be a billionaire to be mobile. You can be an upper middle class making 6 figures and be mobile depending on how the income in generated.
IRL: Harry moves. Dick pays for everything and ultimately paying so much he couldn’t pay anymore so the two brothers take loans and go into so much debt their kids will be stuck paying for everything.
@@acz88 you are not taking the real example, the house is just a metaphor for taxes, billioners can evade taxes quite easily but the upper middle class can't
missed the part where the rich brother moved to a different neighborhood and they other 2 brothers couldnt afford the bill
Except that it's an analogy for our entire country. Is Harry immigrating?
@@rebeccahicks4949 yes
Why does this comment appear first? 4 years passed and only 58 likes and still is the first one appearing.
LOL. Michelle Obama might accuse him of 'white flight'.
@@estelao.b.1473 because the person wrote this comment has 200k subscribers. 🤷
Once there were 2 kids who meet at school and became best friends. One is named Brian, his father was a janitor and he never knew his mother. The other kid was Logan, his father was a wealthy businessman and his mother was renowed doctor. When they entered high school, Brian had to get a part time job to help his father with the bills, while Logan went on very expensive trips on his free time. When they finished high school, Brian couldn't afford to go to college, while Logan could. Brian started working in a fast food restaraunt, while Logan was in College, but he never worked hard in his studies. Logan soon finished college and tried to start a bussines with his father's money, but found it too much trouble, so he just stayed unemployed, living off with the money of his parents. One day they meet each other, and Brian was surprised how Logan had soo much money, yet didn't have a job. And Logan was surprised how Brian worked soo much, yet had very little money.
+Felipe Cyrineu Why would people make money if they couldn't pass it on to their children?
+Felipe Cyrineu Your a serious flaw in the 4th sentence you said brian never knew his mother so why dos he has have to help his mother he never knew with the bills?
arcues10 Ops, I meant father.
***** This video gives an impression that everyone has the same opportunities, which in the real world, does NOT happen. People don't have the same opportunities, and most poor people aren't lazy bums, as the video represents. Poor people tend to work more than rich people actually. Also, this video doesn't count for sexism, racism and other things that can ruin someones opportunity.
+Felipe Cyrineu you are just an idiot. you know you have no argument when you play the race card at the end of it
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan
I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months...
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor??
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
I wish I could afford a house while making 25k a year
You could ...maybe not with 25k but u certainly don't need to make 6 figures to be able to get a loan these days for a home. The salaries are just examples to make a point.
@@stellat.r8825 poor examples
In US 9950-40525 gets taxed 12% rate and $995 fixed. 40526-86375 gets taxed $14751 fixed and rate 22%, which STILL saves way more money in prooportion than
Here are the tax brackets for 3 of the wage ranges
1) Over $9,950 but $40,525 $995 plus 12% of the excess over $9,950
2) Over $40,525 but not over $86,375 $4,664 plus 22% of the excess over $40,525
3) Over $86,375 but not over $164,925 $14,751 plus 24% of the excess over $86,375
now at the wage of $9,950 of pay under 1)'s rules, they keep $8,955 after tax.
Wage of $40,525 under 1)'s tax rules keeps $34,786.4
Now same wage of $40,525 under 2)'s tax rules keeps $35,861. Difference of $1,074.6 more under the higher tax bracket
$86,375 under rule 2) keeps $63,734.58
$86,375 under rule 3), keeps $71,624. Difference of $7,889.42 more in the higher tax bracket, again!
@@DarkKnight2037 obviously if you make more ure gonna have more after tax isn't that the reason why people work more hours? Ure solely looking at the dollar amount left but you are paying way more for the same service. They call it "fair share" but it's really the most unfair practice.
You could it's called taking out a loan, keeps you poor for much longer, but hey atleast you would have a home, right?
Who is going to give you a loan to buy a house if you don't have enough income to make the payments (except the government because in THEORY they are not for profit), and I would assume that you don't have anything for collateral. Face it, with a wife and two kids, you'll be reaching for every handout that can get and you'll probably be living in a shack or a tent, if you're lucky! There are an estimated one million homeless people (citizens) in the US and that undoubtedly doesn't even take into consideration all the illegal immigrants that are currently still flooding this country! The example given for this video is a poor one because Harry and his wife obviously have enough sense to know that they make more money than his siblings and so any joint endeavor would be thought out and agreed upon before being acted upon! Too many people get caught up in the debt trap because they don't really think ahead, they just want that instant gratification! I always tried to set aside 10% of my income (in cash) for emergencies and this has helped to get over the bumps in the road!
It’s actually not The End.
Harry, who could afford to move off the street, did just that. Tom & Dick, left to pay for all future upkeep and improvements to their street, lived with cracked asphalt and dead flowers behind rusty gates.
It is something we generally all do by choice, it is called economic discrimination. When ones lives improves
to a point they can afford to move up from their current situation, most people decide to make that move
Yeah that's right. American companies were moving out of America for the same reason. Hope trump will change it.
Abhinandan DL why? If I had a large company and could make more profit by moving my operations outside the U.S. then I wouldn’t appreciate the government getting involved with my company and keep me from making money. I think Trump being a buisness man understands that. So if he does keep certain companies in the country then I don’t think they will be important companies. Anyway I just wouldn’t want the government in my money you know. XD
@@elianestrada7727 no. Trump has done the best thing. Govt is our own organisation from people to help and lead the country. So they need money that's TAX it's just that the tax is too much.
In history the present day tax rates were tax rates of war times
This is so brilliantly illustrated.
n
:-$ Juice на теб критерии. Ако pp. Lopez uu., vp000pp
+Mario CH he jambs be beg nbsb
+StevenCrowder yeah too bad its dosent apply in reality. As berine sanders pointed out people are working longer hours for less pay.
+badpanda84 That has nothing to do with this example. They all make the same exact pay. I started my own one-man business when unemployed years ago and worked 6-7 days a week while others loafed. I ate lunch while driving to my next job. I did manual labor all day. I soaked through multiple shirts a day sweating. I worked smarter and was better to my customers than they were. And because i worked harder I had money to buy better equipment and they did not. Shove your excuses up your lazy ass.
Bruno TaTa Sure but this is just an example.. not a reflection of reality.. It a great story that is all.. but has no relevance to reality. I get the point its trying to make but it dosent apply to todays economy.
A more realistic case is when it comes time to pay the bill the rich brother say ""Opps I forgot my wallet, I have no money ( for tax purposes)" and dosent pay the bill at all.
And then the rich brother goes to the casino and gambles all his money and when he loses demands the other brothers bail him out.
After a while, Harry sold his house to someone with a lower income and found new friends. Now Tom and Dick were in the same situation as Dick and Harry in the previous step. The next investment went as before. Now Dick moved out and sold to someone with a lower income. Tom was now left alone with all the economic responsibilities in their neighborhood, and no good brothers to share the burden with. There goes the neighborhood. Predictably everything went downhill from there, but Harry lived a happier life in a new neighborhood with better neighbors. the end.
Later on Dick sent a letter to harry inviting him to a barbecue, Harry apprehensive at first, was swayed by his wife and kids. At said barbecue, things were tense at first, but near the end, Dick finally worked up the courage to fully apologized to Harry for not turning down Tom’s plan, saying he got greedy, and Tom’s plan cost him less at his expense. Harry, though still mad at him, chose to forgave his brother, even though he took advantage of him, he had at least made the attempt to apologize to him!
Meanwhile Tom didn’t attend for he was working long hours, taking cues from Harry, he was finally able to afford the big investments for the neighborhood. But now is fully aware of how hard his brother had to work to make it this far, and how horribly he treated Harry and how he ruined his relationship with both brothers just so he didn’t have to pay for everything! He weeps over a picture of the 3 brothers when they were younger, together, inseparable!
You forgot the part where once Tom worked hard and achieved success therefore becoming a victim of the same policies he once took advantage of - he looked around at his neighbors who were now taking advantage of him, and also left through the same gate as his brothers which was just strapped open because it hadn't functioned for a couple years now thanks to lack of maintenance.
@@Gonecheenin As a result, all three brothers and people like them began to live in good places, and could not go outside, because they did not want to pay for others and other people began to live in terrible areas, robbing, killing and debauchery. Therefore, rich areas turned out in a small amount and around one huge ghetto. The country has turned into a big ass. All because of greed. They didn't want to pay taxes
That’s how the hood expands
aw yes i love that US city where a guy making 25k a year for his family of 4 can afford to live on the same street as a guy making 100k.
They bought equally priced homes so they're shit.
Also the assumption that everyone has the same opportunities and makes the same salary lmaoooo
@@seansull It is possible. It's not the norm, but it's not an impossibility.
Tom is fine. Ever heard of Section 8? How about food stamps/EBT/SNAP? What about health insurance? Maybe Medicaid? Utilities? How about the Home Energy Assistance Program (HEAP), or Low Income Home Energy Assistance Program (LIHEAP) ? What about not paying for children's breakfast and lunch at school? Think he actually pays any federal income taxes? How about the federal funding for "Crotch Fruit"/spawn, also known as Earned Income Tax Credit (EIC or EITC) ? There are probably more "subsidies" in there too. When all is said and done, Tom is making out like a bandit. As a matter of fact, many would consider his family to be... oxygen thieves. Others would just call Tom a parasite, a leech, a blood sucker. All appropriate.
@@seansull Exactly! It is ridiculous to think everyone should have the same lifestyle, healthcare, cars, homes, and so on. People should all live within their means.
And then Harry moved to another street
And killed tom
@@33_1-3 hopefully
And he better have trashed their flower gardens.
Exactly, Harry moved to another street and then Dick had to sustain Tom and his wife...
...and it was a much better street and he lived happily in his mansion.
There has never been a peace maker in the family named Dick
Goran Trtanj Batfamily
Ha!
Tom,Dick,Harry say it it back words Harry Dick Tom
@@akriptix4798 I feel like that was intentional...
😂😂😂😂 Never ever
I appreciate that Tom is on the left and Harry is on the right ..literally
You;re falling for their tricks. Wake up. Look at the facts and dont listen to the way these guys want you to feel. facts>feelings
@@DarkKnight2037 instead of giving an argument for the person to follow and be convinced by, you just say "dont listen to them trust me bro"
I appreciate that the biggest douchebag is literally called Dick
@@DarkKnight2037
oh you are one of them ? yikes
They forgot to mention the fourth brother, Dennis, who also lives in the community and sold them each their houses, but convinced everyone else pay for the upgrades in the first place.
yeh, the other brothers just don't want to talk about him because he's taken the whole inheritance and now is living off of it
Next episode: Wealthy brother sells home and moves. New neighbors make less.
US charges for citizenship renouncement.
New neighbors sell drugs out of the house and have rats.
Exactly. Except you can't move out of the entire country.
@@SuperEndiku Of course you can move out of a country.
@@AdelaeR that's a moronic statement. an average person doesn't have the capacity to just up and move to another country. It costs a fortune and it also requires the country accept them. Technically possible but in the context of the entire pointunless you are wealthy enough to buy an island you can't escape this kind of stuff.
Moral of the story:
Keep you income a secret, even from your brothers
@Tototl Grgavitic They are equally sized houses.
Offshore !! :))
Некит Господин lmao
The history is not the history of 3 brothers, is the history of IRS and United States capitalism 🤦🏽♂️ you think like the poor brother
So does that make you a dick? Or a hiding Harry?
Not the end, Harry sold his house and moved to a less entitled neighborhood, leaving Tom and Dick screwed.
Exactly, what people don't understand about the upper class is they do a lot, like lowering the amount that needs to be taken from everyone if we did it by a solid percentage from each person
But the renovations are already paid for!
I love how there are 25 thousand dislikes for this video. Like who the hell genuinely thinks this is fair?
all the toms on youtube
Soycialists
Idk.
The left
People who realise this is a misrepresentation of taxes. Not everyone gets the same opportunities, and its way easier for the rich to get richer, while its hard to dig yourself out of poverty. This situation would never happen in real life.
Of course Harry eventually decided to move away from his brothers, and leave them to their own devices.
He probably moved over seas.
Exit Tax. Just make a Progressive Exit Tax and problem solved. Start in your new country from scratch, just like everyone else has to do. If you are confident that all it took was hard work, then you should go into China penniless and become a millionaire in a reasonable amount of time.
Hey there! I am a beginning videobloger) Could you please follow me and watch my video))) Thank you for attention!
The question is where do we move to? The US was the last stand on Earth for Freedom. Now where do we go?
+UncommonSenseUSA Poland!
The end should be after the wealthy brother leaves to live in a more “”equitable” community. One where his neighbors make an equal amount of money. His brothers having to live with a new neighbor making less. Would end up with either a higher bill to maintain the neighborhood or let it decay away. This is more realistic.
Orangeman Bad - probably how it got into decay in the first place.
The most realistic scenario is Harry saying- pardon my French - "F#@k this, this is unfair. I'm paying my fair share, 10k, and you two can figure the rest out."
Toku Plays True. People work for their own benefit. This includes the benefits of giving. When you take from others for your own benefit, including virtue signally, you are stealing. If you can take benefits from others for doing nothing other than being there, you encourage others to do the same. Eventually, you run out of people who have anything to take.
You din't get the point here
When 26K people can not even comprehend mathematics and knowing how taxes work.
@Mm It’s what the “progressive” voters want and democrat politicians market (spew). Funny thing is, the Democrats, Nancy and Maxine for example, understand how to legally avoid including politicians who earn millions as well, along with most corporations. So it really falls on the people with high salaries and business that don’t meet the definition of a certain corporation. So the left will not limit those who already have it, just punish those who wants to obtain wealth.
@Mm People who have high salaries do pay higher taxes, don’t compare a salary with compensation as there’s a few major difference. People who are IT techs with Google will most likely pay the highest amount of taxes vs the CEO of Google. Also, it doesn’t balance it out as more individuals with higher salaries pay more in tax than those with less. I’m not playing the collective groupthink game.
@Mm That’s false, with the exception of what’s happening to the middle class. However, the middle class is the most broadest thing considering how each figure ranges in different states, more specifically counties which hurts the collective middle class.
@Mm When you group everything as one, sure. However, when you don’t break it down into circumstance then it’s a complete different story. Everyone has the same opportunity in US, but circumstances are different base on where you start and how one progress brother.
You forgot to talk about how the rich brother sold his house for a new cheaper house where he didn't have to pay so much for improvements
Alternative ending. Harry moved away. Tom expected Dick to pay even more. So Dick moved away too. Tom couldn't afford the upkeep, so the house and street fell into disrepair and eventually Tom's wife left and Tom spent the rest of his days staring at the bottom of a bottle of beer.
Sounds great. Tom should have worked harder
ohhh the story of California 😂😂😂
*California 100*
California all the way
This story is for children.
The real one is someone is making 8 dollars per hour, while someone else is making 8000 dollars per hours, by making a thousand 8$/h people work for him.
Harry instead chose to not pay any amount, sold his house, and moved away. Leaving the entire bill for his two foolish brothers.
What bill?
@@obrokbobama6203 bruh the bill for cleaning the place
all of them can do the same thing
ProTip: always discuss details and payment proposals before any construction is started XD
Part 2: Harry tells his son to work 20 hours a week, the pool for the next generation drops to $125,000, and the neighborhood falls into disrepair
They forgot to mention that the brother who has savings has more options and can simply move away to another place, leaving the remaining brothers responsible for ALL of the future fees. Case in point....Detroit.
@- Joshwa34 - man that was a stupid video. The prager video made assumptions to show the inherent unfairness of the system of taxation. The video you provided shows inequality in socio economic situation....which has always and will always exist. It's like bitching that some people are taller so basketball is unfair. The video makes a lot of assumptions ...all of which an individual can overcome. Want to go to college but you are poor? Do great in highschool or join the military you even get preference in admissions and scholarships. In a world where President, athletes ,actors, generals, senators judges and so on are minorities, at some point individuals need to accept that, yes some have advantages, some have disadvantages but your issues are largely in the mirror. It's time to stop being a pitiful victim....to yourself and stop worrying about what other people do. The best one can expect is equal opportunity. To expect equal outcome is punitive, will cost freedom and is frankly.....not possible.
The rich brother is clearly the wisest because he saved money to move out of democrat detroit
and many other cities and states for example California right now, but the leftists will see Biden's tax hikes and say "bUt ItS OnLy fOr PeEoPle MaKiNg OvEr 400k a YeAr" then watch what happens when all the people that can afford to leave do
@@liliacfury you're forgetting Canada is an ever bigger tax shithole than California
I resent your statement. I live NEAR Detroit, and your statement is absolutely true!! LOL
2:35 i am surprised he didnt say that he's a Nazi....
Denis Dz plus he should have said that he had white privilege
Beard privilège
I'm surprised Tom isn't gender neutral! Or a ma'am!
... or racist
In reality, Harry would have moved out and left the other two to fend for themselves.
Epilogue: Harry shows his brothers this videos and they decide to change their ways, each paying the same amount. Sadly, Tom and his wife starve to death.
That wasnt the end. After learning how the two brothers want the older brother to pay for everything, the older brother stops paying and everything falls apart.
The older brother moved away
@@michaelc.r.6416 what isnt told is that all 3 lived in California, and the oldest moved to Arizona where he wasnt going to be taken advantage of.
Sure you're not thinking of that Ayn Rand novel?
It's called socialism until the hard workers leave then the lazy ones have no one to buy themselves food. So the economy falls apart because they dont want to work hard enough to support themselves
This.
Epilogue: Harry went along with this arrangement for a few years. But after talking with his wife, they decided this was not fair to them. So they sold their house and moved out of the neighborhood.
A new family moved into the neighborhood where both the husband (Peter) and wife worked even less hours than Tom. When the next round of improvements were due, Tom and Peter said that since Dick made the most money, he should now bear the greatest burden.
Dick went along with this arrangement for a years. But after talking with his wife, they decided this was not fair to them. So they sold their house and moved out of the neighborhood.
A new family moved into the neighborhood where both the husband (Paul) and wife worked even less hours than Peter. When the next round of improvements were due, Peter and Paul said that since Tom made the most money, he should now bear the greatest burden.
Tom missed his two brothers and now realized how unfair his solution really was.
The End
Mark Szafranowski yes and the Harry’s wife said she wanted a divorce because her husband was always too busy for her and the kids and she was having an office romance with Marry instead.
@@roberttexidor9025 and that was when Voldemort suddenly came in through the window and finished Harry once and for all.
A-fucking-men, Mark. Amen.
Brilliant
Next thing ya know they make the neighbor pay for everything
I've seen this in my family. The brothers that studied and worked 16-18h per day are in much better position today. The others that chose to do only the minimum are in a much less comfortable situation.
Cute but too simplistic. The real world is far more complex.
Now imagine they are not brothers and did not begin life with the same resources. What if Tom had no means of getting a good education or lived in a district underfunded for public education. Imagine if Dick had fewer choices for work in his state and his lower wages were lower due to no fault of his own. Imagine that one of them had a learning impediment and no access to appropriate resources to alleviate this road block to a better education. Imagine the jobs for which Tom or Harry were eligible moved to another state or country where labor was cheaper while their own location's cost of living continued to rise.
Imagine Tom had to drop out of school to care for his Alzheimers diminished father or schitsofrenic mother.
If you can't magine that poverty is not something a person has chosen, then you live in a shiney bubble.
@@lauramartin8443 Maybe we should make a colony for people who are utterly unable to contribute where they have everything handed to them for free, but they can't vote, communicate with the outside world and they're sterilized.
You think they would take that to finally lift the burden of their poor destiny or they'd suddenly find a million opportunities for self-betterment to avoid the golden cage?
@@Stroggoii So... you're suggesting that we throw crippled war veterans in a zoo, and strip them of all natural rights? What is this logic based on?
@@Stroggoii Wow that would be an interesting experiment. They did that on rats and the rats died quite fast. Nevertheless I would still like to see it on humans
18h work days? So...I'm guessing they are fat, depressed and have sleep disorders, or have some serious chronic pain.
One thing is certain...the more your salary increases, the more you're bothered by how much of it you don't get.
In US 9950-40525 gets taxed 12% rate and $995 fixed. 40526-86375 gets taxed $14751 fixed and rate 22%, which STILL saves way more money in prooportion than
Here are the tax brackets for 3 of the wage ranges
1) Over $9,950 but $40,525 $995 plus 12% of the excess over $9,950
2) Over $40,525 but not over $86,375 $4,664 plus 22% of the excess over $40,525
3) Over $86,375 but not over $164,925 $14,751 plus 24% of the excess over $86,375
now at the wage of $9,950 of pay under 1)'s rules, they keep $8,955 after tax.
Wage of $40,525 under 1)'s tax rules keeps $34,786.4
Now same wage of $40,525 under 2)'s tax rules keeps $35,861. Difference of $1,074.6 more under the higher tax bracket
$86,375 under rule 2) keeps $63,734.58
$86,375 under rule 3), keeps $71,624. Difference of $7,889.42 more in the higher tax bracket, again!
I guess this illustrates why wealthier people like to live in the same neighbourhood and area as other wealthy people
because wealthy people are generally hard working, honest people. they're not lazy, entitled leeches
@@simunator As an POC immigrant in this country, I work as an senior engineer, almost 60 hours weekly. Are you saying im not hard working, not honest, and lazy? If I spent 5 years at your tedious university studying daily for my 3.8GPA while going into 100k student loan debt, I dont need assholes like you telling me I shouldnt feel entitled to succeed.
@@anthonywilliams5854 wow did i hit a nerve? if you're a hard worker, then good on you. you still pay your fair share in taxes via flat rate instead of getting a pass. what are you even complaining about if you're a senior engineer? unless you're pissing your paycheck away on dumb things that 100k debt should be gone within 10 years. there's something seriously wrong with the claims in your argument or you're just a larp
@@vhan87 If people decide to trade stock and take that gamble, they deserve the outcome. Some people lose that gamble and kill themself, lose their life savings. Anyone willing to risk their money deserves the money they win or deserves the death they lost. I don't see what this has to do with that asshole calling rich people lazy and undeserved.
@@vhan87 Read simunators comment
to anyone that argues about equal opportunity just know that 80% of millionaires are first generation
+Nick Can I get a source on that? And the other relevant data you left out.
Deven North learned that in high school money management from dave ramsey. but here's a link www.investopedia.com/financial-edge/0810/7-millionaire-myths.aspx
+Nick Big difference between having a million dollars & being liable for a million dollars worth of assets. While any family can claim to be millionaires living in a half million dollar home with another half million of stocks/bonds in this situation you might owe more money in property taxes (plus luxury taxes in some states) than you can possibly earn from dividends or interests which counts as earned income & taxed accordingly. Even Earning over a million of dollars in your lifetime cannot make you a millionaire, only billionaires can possibly have close to a million dollars worth of cash on hand.
+Nick only 10 million millionaires in the usa, and apparently only 19.9% of households make $100,000 or more. unconfirmed sources
+Nick inequality.org/selfmade-myth-hallucinating-rich/
What about the 4th brother given a terrible situation works 60 hours a week to only barely be able to afford the food and rent.
the people who promote self-responsibility (equal taxation in this case) also promote equal opportunity. for the cases of that 4th brother, the terrible situation would be prevented since they would be given the resources necessary to have the opportunity to pursue happiness. however, if they don’t take it, those that did shouldn’t be punished for it
Sadly some people don't understand nor care that there are those of us who have been cut off from climbing the latter because those who built the ladder then decided to build a maximum security wall around the ladder to prevent us from even getting to it
That doesn't happen unless "60 hours a week" means putting minimum effort in a minimum wage job and spending all of your money on shit you don't need, if you want to be successful you need to put in the effort, go to college, prove you're a valuable asset to the company, and prove you have potential to boost the company if promoted to higher positions, or better yet, start your own business
@@XeroV1 no, everyone has equal opportunity, but you need to work hard, it's not fair to the owner (who probibly had to work for years barely making anything) if the lower class can just succeed off of barely putting an effort into their work, just enough to not get fired
@@brycecarr8262 t h i s d o e s h a p p e n
Do you think three brothers would make their houses the same neighbourhood (although they have wildly different incomes) but then not just move into the same house since they are family?
Because one brother is lazy, that would never work out
The story is desgned to show how our progressive income tax program works
Did you know that people that earn even more have to pay 3x the amount of money to receive Medicare benefits as people that earn an average income have to pay to receive the same Medicare benefits?
This isn't quite the end. If Harry is smart, he'll move somewhere else.
So I should just pack everything up and move most all of the money offshore. And leave just the 2 lower income brothers with the $30,000 bill right? Or would they not fix up the street in the first place?
Yeah just home's ceiling is broken, instead of Fixing it, I will just quit and move away. Nice logic.
Story aside, yes, this is why we have so many American companies working from foreign shores instead of here. Good how much of Apple's profits are kept in off shore accounts instead of US banks.
@@getsomebraincells Nice! but I would just pay my part the $10,000 both of the 2 would just argue who would pay the other $20,000 while I already left so that they can't blame me that I didn't do my fair share
1. Pay my fair share of $10,000 ✔
2. leave my 2 brothers ✔
3. leave them with no evidence that you didn't pay my fair share ✔
all done!. Alice! pack your things were moving to california
@@aidanc311 it has nothing to do with entitlement. Sorry if it read that way. My point was more about avoiding contributing while being protected by a system you are cheating. It makes perfect business sense, but that doesnt make it right.
This video is very typical of how conservatives try to paint the progressive income tax (as well as all welfare programs) as unfair or even immoral. It is the very premise of the story that fails to represent the reality of society: the brothers were born equal, had equal career oppotunities and their incomes were proportional to the time they spent working.
Reality is simply not like that. For one thing, it is absolutely a myth that poor people are lazy. Some are, but most work as hard as anyone. It is also a myth that well-off people have "earned" their wealth. Some have built themselves from zero, but most had a starting advantage to build on: expensive education, a peaceful neighbourhood or financial support from their parents, not to mention random fortunate events. Heck, simply being able to focus on studing is a huge priviledge.
Simply put, it is a myth that all people are born with the same opportunities and just manage them differently.
Firstly, you are stating the obvious about people being born unequal. This is not counter argument at all. While your statement is true, that unequal opportunities are a factor that leads to unequal outcomes, this video is about choice. It proves that another factors that leads to unequal outcomes is choice.
In the end it all comes down to the unfairness of the democratic vote. You cannot tax the poor guys leasure, if he chose not to work and have a good time in his youth, however you can vote to tax the rich guys wealth without without regard if he earned it by hard work or inherited it.
trollolol234
I'm happy to see that you consider it "obvious". Both choice and priviledge affect one's wealth. Most conservatives admit both of these facts, but when it comes to arguing about taxes, they will completely ignore priviledge. They will assume that social mobility works ideally, and that poor people are exactly where they deserve. However, all evidence shows that social mobility is very limited, therefore showing that priviledge is a bigger factor than choices. Not only that, but the welfare programs, which conservatives hate so much, aim to and do increase social mobility, thus making it more likely that poor people are poor because of their choices.
But, of course, the fact that a lazy person will receive some support, along with all the people that will put it to good use, is unacceptable to a conservative. They would prefer hereditary classes for everyone to a small percentage of freeloaders.
"However, all evidence shows that social mobility is very limited."
T.Sowell, a marxist turned conservative, has put forward some powerfull arguments against this, showing that people conflate statistics with real people.
"welfare programs, [..], aim to and do increase social mobility"
While to aim is noble, convervatives hold that those programs fail to achieve their goals. I can look up the evidence for this claims provided it's not waste of my time.
It is undeniable that some people are privileged. The question to me is: I simply don't want a facist governmet filled with self-righteous intellectuals decide on morality and matters they have no clue about.
trollolol234 If you don't post a summary of the arguments by Sowell, I won't know about them. Google yields nothing and the double red flag of him being a conservative ex-Marxist doesn't encourage me to dig into his bibliography.
"convervatives hold that those programs fail to achieve their goals"
That's just a matter of ignorance. Not all of them are equally successful, but the net sum is undeniable. For example, public education is so overwhelmingly important to prosperity that every organized society has adopted it. Either you have it or you lag behind.
DarKMaTTeR Fair enough, give me an hour. I have his book in front of me.
I don't deny the importance of education. However I might want to look into the cost/quality ratio of public education. If the axioms of my ideology hold true, then costs should be ever growing and the quality ever falling.
Not everyone starts at equal footing
so? that's life
I thought the ending would go: And so the richest brother moved away, and the value and benefits he paid for left with him. The other brothers became sad, because they had to make do with less... THE END!
I wish it would have ended with Harry moving out and leaving the brothers with the bill.
That's what happens. Under Obama, record number of millionaires and billionaires left America, leaving the burden of the bill on the rest of us.
We really do need the rich ppl to stay and pay taxes and provide jobs. Poor ppl can hate all they want, but poor ppl provides nothing for the country but misery.
@@noctis129 beat me to it
@@IJoeAceJRI So who the facts prefer to be POTUS?
It's like a food chain. The farmers can complain all they want about wolves, foxes and coyotes but without those animals the entire ecosystem and farmland falls to shite as pest animals take over.
Just replaces wolves, coyotes and foxes with millionaires and billionaires, the farms with neighborhoods & communities and pest animals with poverty and rising crime rates.
Should end it with Harry moving to another house
Exactly. If someone doesn't like what the situation is they can move out of the neighbourhood or the country for that matter. Nobody is forcing Harry to stay.
Well then he would pay for the stuff and wouldnt benift from the stuff
Ending is fine.. it's meant to make people feel how unfair Harry was being treated.
Wow this is the most amazing explanatory animation video I've ever see. 3d and 2d complete In one video. Great animation and great knowledge. Tq
I am sure it wasn't cheap
Greedy used to mean someone that wanted wealth they didn't earn. The new definition of greedy is someone that wants to keep more of what they actually did earn.
Yes lol. Because you don't need it and could be used as means for helping the poor and sick
Also, if you're not a multi millionaire you shouldn't work in their favor
Specially considering that many Americans go broke because of medical emergencies.
@@IsraelCervantes-le4gf
You don't get it~
"You worked hard for what you earned" is a fact.
You don't "need it" is an opinion that can be curved anyway the opinion owner wants or feels. (Usually directly related to how much THEY also have or don't have)
And "you have to much money" is also just an opinion of a constantly fluctuating line.
One place I do agree with you however is that noone should lose everything they have over the unfair and predatory American health system.
I also agree that many corporations taken advantage of hard working people by underpaying and mistreating them. There was once a time in this country where if you worked well and hard you were basically guaranteed a piece of the "American dream". Where our opinions separate however, is I believe the government and the corporations are the ones who TOOK that away from so many people - not the wealthy people who worked hard and did everything they could to claw their way to the top (those with massive accumulated generational wealth are excluded from that statement)
They should have worked out the terms before they started.
Hindsight is 99% of the world owns as much wealth as the other 1%.
Jan F that is false. Top 1% controls most of the wealth on earth.
And I never said anything to the contrary.
Jan F he just pointed out how irrelevant your point it.
I believe you're wrong.
I feel like this is a conversation that should have happen prior to the renovations.
😂 for sure
Thats not the point if this. This was to show the inequality in taxes and how hard it is for hardworking people
@@geraskatinas1846 Yes, it's a snap judgement based on where you are today. You have money, so you can pay more. There's no acknowledgement of any past sacrifice, diligent planning, or responsibility on the part of the "rich" person.
Geras Katinas haha thank you dr. obvious. 🤣😂🤣
@@JTHigh11 im not a doctor
I literally went to the same thing( 80% accuracy) With family as I'm the "GOAT". I give them 10 grand, tell them to kiss my ass, sell the house and get the f**k out of town As the next step in life's goals. True Americans never let sadness destroy their soul, So dust yourself off and continue moving up the hill.
"Dick, the peacemaker of the family" 2:40 😂
I appreciate that they're trying to show the different perspective here, but let's be real:
Tom is making $500 a week with a family of 4. He's not going to be able to buy a house. You should show him renting Dick's garage.
Brothers gotta look out for each other.. lol But everybody forgets that it also means holding each other accountable..
That's why Tom is such a Renob..
If Tom has an income of 500 a week and chose to have 4 kids, that's on Tom.
@@tubemankiwi he has 2 kids
@@thatrandomnomby366 Still on Tom
Well there's also an argument to be made that the success of the top end, Harry, is going to rely more heavily on that solid infrastructure. He's actually risking more if it fails. I'm not solid on progressive taxes, nor flat taxes, but there is a concept of necessity inherent in the meta that's not covered in this narrative. Just as Tom is going to be starving, not buying a house, Harry has all his base needs fulfilled and appears to be fully self-actualized.
How do we recognize, as a super-organism, whether Harry is a new step towards progress, or just a parasite. At what point do we see Tom as dead weight, rather than a free agent making a choice for a less tangled life? Or even just someone struggling to survive? This video is all about simplification. This is not a simple problem.
Moral of the story:
Only construct on your 1/3 of the street
Imagine trying to justify the purchase of one third of a gate
Wow. Is that really what you got from that story? That is a damn shame.
@@vincenthu9773 put a gate in front of your house.
Amen
@@bettyboop7298 wooooosh
Ah yes, 'two wolves and one lamb discussion what to eat for dinner'!
"oh yeah conservatives know a lot about economics"
prageru:
whenever the right is in control. our wages go up, whenever the left is in control.....inflation goes up
They know so much about economics they desire a future where massive corporations hold unholy monopolies over nations and influence the decisions of the government to solely fuel their interests
@@thiccchungo1041 the right has consistently suggested anti trust action against big companies in the past 5 years. your grandpa called, he wants his understanding of left right divide back
you're greedy and selfish for not paying for my stuff
yeah that sounds like most people.
I think more importantly this video sets a false narrative the progressive tax rate would begin with people making 250K+ a year not someone making 150K .......... the rich will not be hurt by the progressive tax at all not like as it was portrayed here for the guy making 150K
r/entitledparents
I don't know about "most people". Many? I can buy that. Most? Not from where I'm standing.
Like most Democrats.
DinoCat what a fantastic comment. Btw its called Pareto’s Principle
Tom's wife is the Real antagonist of the story for freeloading lol
Meep Meep a stay at home mom. You know some of us will be home schooling our children in the future and have discussed it in advance.
I think being a stay away home mom is a very respectable thing tho do.
typical male response. its not freeloading when shes doing her fair share. freeloading is what Tom and Dick are doing to their brother
Not at all. Her husband is making the money, she's taking care of the home and the kids. Where would you get the idea that it's freeloading? She's not a stranger, but the man's wife; he takes care of her as if she were himself.
My wife stayed home with our kids and I busted my ass to make it happen, she worked harder and made a far more important and lasting contribution to society than I ever dreamed if anyone called her a freeloader there may have been 5 knuckle words exchanged
If I wasn't already against the progressive income tax, this video might have inclined me to agree with it. Tax collection is not about ethical contributions, it's about funding the state as efficiently as possible. In playing the devil's advocate I could even argue in regard to the example given that not having the progressive contributions might mean that no work gets in done in the neighborhood at all. The argument for fixed rate income tax is a higher collection of taxes in the long term.
Funnily enough, I hate income taxes and want a national income tax so the state can run efficiently by not spending and spending. If the state can't afford it, the state must do without. Income taxes just leads to more reckless spending because they have the funds to do so.
bro is so humble, bro forgot to mention that all people don't have the same iq, opportunity, or skills
In the UK, those who don't work, don't contribute anything are given the most, free housing, fee dental care, free eye tests/glasses, free old-age care and in some instance, free cars.
Those who contribute the least, get the most.
UK!!! Daddy's coming to ya!!!
Thanks man, now I will go to UK.
That's not how it ends!!! It ends with the higher earning brother taking his money and moving elsewhere, preferably to somewhere with lower taxes. Leaving the two remaining brothers to split future bills between them.
Sean Macmillan
That is what I was thinking too. If the rich brother was able to figure out how to make so much money he probably would figure out how to get out of the whole scenario.
Exactly. Because the rich guy leaves, the community can no longer afford to update the street. There's a great harm in chasing people like Harry out of society!!
Actually that's how Atlas Shrugged ends.
It’s also how Venezuela is currently ending.
1TalldrinkH2O to complete the metaphor however the brothers must be conscripted into staying together. That makes it more analogous to our current system where few of us want to give up being American citizens or even citizens of a particular State however we do want the state or the federal government to function much much better and we want to pay proportional taxes.
With that big income difference they live in the same neighborhood!😂😂😂
I like how Harry said "it's fanum taxing time" and fanum taxed all over the place. Truly a sigma moment
I've heard this one! One gets a cloak the other a wand and the third a stone! Yeah? No? Oh...wrong three brothers. I'll leave.
Ooo, I know this one! One gets the windmill, the other gets a cow, and the other one gets a cat! Dang it, wrong three brothers!
I know this one! One gets control of the skies, another gets the seas, and the last one the underworld! Wait, wrong three? Oh, I’ll leave then.
Lmao GOOD GOOD
Deathly Hallows
Harry!
The brothers should have been named, “Taker, Faker, and Maker”
Lol Nice 😂
@ScepticalCynic This is actually reality. You're probably Tom here so I can see why you feel attacked about it
I like this new name, but what does Faker mean? I would probably go with Taker, Baker, and Maker, since the middle guy is essentially making a baker's salary.
@Burner Fire, very true. I have 10 siblings. Our choices differ greatly even though we're very similar in intellect, work ethic and physical ability. We're pretty much at or near the same level of income even though we all work in different fields.
@Burner Fire you know, its pretty damn hard to win an argument with someone who's smart, but it is impossible to win an argument with an idiot.
Okay. That's a nice story. Now, let's make it a bit closer to reality.
The first child is born into a family where his parents do drugs and don't enforce education. He isn't taught the proper laws of society and has consequently committed crimes by the time he has left middle school. He drops out of high school due to drug use. Eventually, he wants to let go of his addiction and get a job, but with his criminal record, he's only able to work 20 hours per week at the minimum wage - not nearly enough to pay for rehabilitation.
Tom is born into a slightly more affluent family with divorced parents. He makes it through high school with decent grades, but doesn't have any of the money needed for college, so instead he works a medium-paying customer service job, 40 hours a week. He doesn't make much, but it's enough to get by.
Harry is born into the upper middle class. His parents have enough money so that he is able to go to business school at little expense, and is raking in cash quite soon after with only 40-hour workweeks.
Also, let's add one more person. Melissa is born a millionaire, and is able to earn millions more per year when she inherits her parents' hotel empire. She does some work managing the brand, but the tedious jobs are all handed off to other employees.
How do y'all think these people should be taxed? Is taxing them equally really fair?
so the bottom 50% are all people born into drugs and crime? What could justify such a small tax rate of 4% for the bottom 50%?
Good comment, don't listen to the coper above me.
@@monkeymage1016 lmao, you’re selfish af.
people born into drugs and crime are more common than you may think, but not close to 50%. Also, some of the reason they are not paying as much taxes is because many of the bottom 50% are unemployed and have no income tax. The rich also have many ways of writing off some of their taxes and using loopholes like the stepped up basis loophole. In 2018, the 400 richest americans payed a lower tax rate than the bottom half. Also, this video is basing their data off of the far outdated 2008 tax report.@@raferalstonisgoat4457
I believe we should have a land value tax. I personally don’t care if you inherit a hotel empire and make a billion dollars from it, however, you should pay back your rent to society (taxes) for owning all of that valuable land that you didn’t create. This is just how I see it, but feel free to point out any flaws in this system
Harry sold the house made a profit , moved to a better neighborhood a drug dealer moved into Harry's old house and depreciated the community.
This must be the most passive aggressive thing i've ever seen
True 😂😂
They couldn’t think of any other names than Dick and Harry? Please tell me their last names are wood?
Except its completely true.
Possibly. File it under category: Truth, subcategory: Passive aggressive
@@mttzakr23 Uhhh...... The great escape characters.
Except, it wasn't the end, was it? Harry cut back his hours so that things would at least be fair again, then none of them could afford anything good.
KeepItSimpleStupid Actually good point: Leftist people always go on about space conquest, while they want to tax Elon Musk.
Adrien Ragot how dare we tax elon musk, that would be just awful. Yeah, keep taxing the working poor instead, that’ll show em
Remember the book Atlas Shrugged. The hard workers simply left!!! Great book!
this Is actually a hella good point my guy
@@KufLMAO
czcams.com/video/1i9FQ834yFc/video.html
lol the classic saying that "it's very easy to spend others money" really do be true
the difference between the real world and this tale is that what u earn does not soly depend on the work youre putting in
So true. Worse yet, those who pay 0 in federal income taxes say high income earners don’t pay their fair share. 🙄
Do the rich not pay their fair share? I'm fine with high earners, but do inheriters pay their fair share?
Link Skywalker inherited wealth has already been taxed several times by the government. That money belonged to the kid’s parents who saved that money after taxes. If it is the parent’s money and they choose to give it to their kids, what is wrong with that? The death taxes is a way of stealing from people after they have died. It is selfish and wrong.
@@sovietsandvich8443 Moreover, heritage is one of the stongest economy drivers. After you've got your expenses covered, why would you continue working and investing if not for what you can leave for your children?
I think you missed the first part of the video, where it's explained that the three brothers had the same skills and opportunities. In the real world different people have different opportunities depending on their parents' income.
@@linkskywalker5417 Did you ever get a job from a poor man? Instead of worrying about how unfair you think life is, work another job while also working your new business. Pay salaries & insurance. Put up with bureaucratic rules & laws.
Don't expect hard working economic builders to support the parasite class more & more & more, so you can sit around getting drunk & complaining.
Harry should have moved and let his brothers' neighborhood turn into Detroit.
But then his brothers would have moved too, taking their ideas with them until every street was Detroit Dr.
MarioFanaticXV not if he moved to a street where everyone that lived next to him was in the same tax bracket.
Rev55
But at that point the analogy has no bearing on real life. There will never be a point where everyone is in the same tax bracket... And even if there was, that means everyone was getting paid the same, regardless of the quality or quantity of their work, which is a horrible way to live.
Are you saying he should have moved some black folks next door? lol
MarioFanaticXV
Not exactly. If everyone were in the same bracket, then someone who had 20 times the income would pay 20 times the taxes. That's fair.
어쩌면 지금 우리나라의 현실을 미리 예측이라도
했나? 이게 진정한 평등이라고 생각한다면 진짜
살만한 세상은 오지 않을 것이다.
Wow 5 years ago !!! I did not know prager U was available
I had to kick a tenant out of my house because he felt that I didn't deserve to be paid rent. Always came up with excuses. Now i see him mooching off others with his "poor pitiful me" routine. All he had to do was come up with $500 flat rate each month, $17 dollars a day and he still couldn't (wouldn't) pay, although he is at the bar by NOON EVERYDAY OF THE WEEK. And this dude is 47 years old. BS.
Johnnie Carmichael man I wish I could find a place with internet for 500 flat a month.
Good thing you kicked his ass to the curb.
Johnnie Carmichael I'd die for rent like that. A 1 room apartment here is $2,850 in California, plus utilities where I live.
Jake Collier Holy shit we have the same icon for our photo, what are the chances?
I would've kicked him out the second time he refused.
Just a nice little tip, never do business with your family. It always ends in greed and ruins relationships
Jordon Foggio yea...
Absolutely.
Good tip, but this video is not about the family, it has depiction of more GLOBAL processes, than just 1 simple family...
PROkeep_CHICK that’s not what I’m talking about it’s just a tip bro 🤣
And if you ever get rich, you can forget about your family. If they are poor and you are rich, and you buy a nice 100k car, they will say they are happy for you, but will secretly curse you for not buying them that car. You move to another country and start a good life, they will curse you for not taking them with you and supporting them. So, basically, no man forgives another mans success.
Literally one of my favorite videos
That’s it? Wtf leaving me like this PragerU?
The part they left off is when the financially independent brother decides to move instead paying for those improvements. The brother’s improvements never happen. “Hard Working and Financial Planning” brother relocates to a place where they don’t play class warfare. His brother’s neighborhood/city fall into financial ruin and begins to look like many inner cities do in the USA.
And if you cut taxes all of this doesnt happen
"Class Warfare" says the guy who calls 911 if he sees a non-white in his hood.
@@honkyjesuseternal I lived in a blood neighborhood over 14 years…. That statement you made doesn’t apply to me.
And the two brothers end up moving to California and are now living comfortably under a tarp covered canopy on the sidewalk somewhere in L.A. .
Henry pay 100% & become sole shareholder of the street, and can now charge Tom & Dick a entry "toll" each time. Henry can also dictate all regulations regarding decors and parking. Violations of rules will result in fine upwards of $1,000.
Henry doesn't like regulations, his brothers do. You forgot that part....
Also Tom and Dick gather their closest neighbors then lead a protest against Harry for unfair(?) housing regulations. "Harry" doesn't like regulations that are unfair either and is confused as to what they are protesting.
Henry moves to another country, leaving his bothers to pick up the check for their gated community. Both refuse to lower their expectations, but also refuse to pay more as before. They start to take up loans to make up for the difference, and their childrens future labor is now sold before they even began to work. The end.
+Z Zs But the gated community had a clause that kept Henry there and was sued for trying to break the contract. The fine he paid covered his brother's membership expenses for five years.
Harry got insurance and burnt the house down and blamed his brothers for arson. He gets paid out brothers in jail
The correct name for this is 'stealing accumulated work' by those who 'accumulated little work'.
"If you want to be rich just don't be poor"
~PragerU
Is that what you got from watching the video.
@@sir_prize_ma_the_farcar4547 So poor people who don't have money should pay same amount as rich people?
@@realdragon first go and build your empire , then i will see if you have the same views.
stfu you dont even understand the video
Ah, a moron. So few of you on here.
Morale of the story: more beard, more money
Lol
It's "moral" of the story... "morale" is what is lowered for Harry because he's getting screwed for his efforts.
Facts
If this was real life, Harry would have all his money in the Cayman Islands
Well after a horribly unfair situation like that, I too would move all my money somewhere safe.
***** Sure, that's why America has the highest corporate taxes on the planet. But yeah, it's propaganda totally.
And it's kinda supposed to be an oversimplification, I don't think they at any point denied that. Supposed to make it easier to understand.
Ya exactly, BECAUSE THE GOVERNMENT TAKES MOST OF IT!!!!! If you make 50 g's they take 10 g's but if you make millions they take millions!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And this story is why Harry would keep his money in Cayman Islands.
***** Lots of rich kids inherent money and squander it. You are never going to convince me that what your saying, that wealth is accumulated creates opportunities for people who had nothing to do with the accumulation is unfair, because it's the individual rights of the people to give opportunities. The sooner you get it out of your head it's unfair the sooner you'll be successful too.
Thx this video helped me alot
This is awesome
They didn't finish the story.
Then Harry and his wife sat down at the kitchen table and figured out that since they are the 1%...and since they're paying most of the expenses anyway, they'll just BUY Tom and Dick's home from them. Tom and Dick refused, at first, until Harry cited the law of Imminent Domain that came from the same government. He said he was planning on building a church (or whatever he had to make up to get the law on his side). Tom and Dick finally agreed and moved out. Then Harry turned the two houses to a set of four duplex building and rented them out. Now, Harry had more income while Dick had to move to Cracktown and Tom has now joined Antifa and changed his gender. His pronoun are now Eep, Oop, Ork and Ah Ah. THE END.
The moral of that story would be, don't work hard or don't work at all, everyone will blame you for your success. Or it could be, work hard and be blamed for other people's shortcomings.
you don't understand that most of the wealth inequalities in the country and in the world are far from related to just working harder or being lazy ...
Rent it out but do not accept section 8 or you're screwed
@@blop-a-blop9419 Not true, almost all if it is personal responsibility.
Rudolph Donner Hahaha! Excellent. You should send that to Prager. Bet you could contribute your own clever video. If you haven't already discovered Louder with Crowder check it out.
People can't tell the difference between someone who earned their riches with hard work and good choices and someone who cheated the system to gain unfair advantages over everyone else.
Progressive tax always ends up hurting the hard workers and the cheaters always create loopholes to pay zero taxes.
Except every well off person I know (including myself) did it entirely through working hard. I don't know any well off people that cheated the system. Obviously they exist, but from personal experience I'm pretty certain the ones that earned there way vastly outnumber the cheaters.
The cheaters are also playing a high risk game - ask Bernie Madoff.
@@Bgrosz1 Yes, most successful people worked for it. It's mainly the ones at very top who exploit to gain advantages. Like, the top companies paying 0 taxes, while middle class pays out of yinyang. Or huge companies getting subsidies, while little ones struggle to survive.
909sickle that's because big corporations bring tremendous tax revenue combined with thousands of local jobs. Also it's usually incentives, not subsidies provided to big corporations. Amazon for example.. coming to New York would have provided many many billions in city revenue as well as over 30,000 high paying jobs. So it makes sense to incentive them to set up shop. Meanwhile a corner store is not anywhere near as productive or beneficial, so therefore the city doesn't have a reason to incentivize them. It all goes back to basic economics.
But it's not all black and white like that. The world is not made up of hard-working rich people who got where they are by only their own hard work alone, and cheaters who lay around all day when they could be working.
Progressive taxes actually help the working poor, middle classes, and people who have legitimate reasons for not working (like illness or disability, or even just temporary bad luck). 15% to someone living paycheck to paycheck can make or break them, while to someone doing well, it's an easy loss that leaves them with plenty of extra to work with. I've been on both ends of this equation - not working due to health issues, not working due to bad luck, and making a good amount of money & paying higher taxes, so I feel my opinion is pretty well-informed. I was glad the extra taxes others paid literally kept me off the street in the down times, and when I was doing better, I was happy to pay what I do actually think is a fair share to do the same for others.
The things, you always pay, one way or the other. Lots of people have shown that when financial stress goes up, things like domestic abuse, mental & physical health issues, and addictions go up too. Pay now to give people a hand up, or pay later to deal with the fallout of sick, stressed, possibly even homeless people. Sure, there will always be real cheats, but most people are not and would rather be making something out of themselves and making better money.
@@aerialpunk I think you are agreeing with me. I don't dispute that there is gradation between hard workers and cheaters. I'm only pointing out that people can't tell the difference between two extremes. They think almost everyone with money is a hard worker or that almost everyone with money is exploiting someone. Some companies like Amazon legitimately exploit the systems, get special money from the government, and find loopholes to pay 0 taxes. And some billionaires literally came to the US with a pocket full of lint and worked their way up to billions of dollars.
The problem with taxes is you have to morally justify stealing at gunpoint because you feel that you or someone else deserves the money. Taxation meets the literal definition of robbery. You have to argue that robbery is good in some situations. It may be. But I haven't heard a good moral argument for it yet, outside of that fact that some people are homeless, sick, and or dying while others are building furniture out of solid gold. Would I steal a sandwich from someone's banquet to feed a starving person? Maybe. Obviously there's an optimal balance somewhere between horrifying brutal inequity and horrifying brutal redistribution. I think we need to avoid anything horrifyingly brutal and install voluntary participation systems that create safety, health, opportunity, and freedom for all.
Don't forget the fourth brother who is making 10x as much as all of them combined who lives in the same neighborhood, pays nothing, and tell each of them to be mad at each other rather than him.
This is a great animated story
what house Tom buying on 20k/year!?
He used some of his white privilege as a down payment 😂😂😂
It's a sad world we live in. I know a guy who buys condemned housing or homes in the hood for 3,000 and 5,000 dollars and then does about a 1,000 dollars work to them and sells them to people without credit in a hand written contract such as rent-to-buy or so called "in-house" finance for 30,000k with interest or no interest making 10 times the amount he paid for it or even going as high as 50k on the homes he paid for 3,000 dollars. Not a joke. He's been called a slumlord by his renters before. It's a sad world we live in. People taking advantage of the poor like this. And this guy has been doing it for at least 20 years or longer.
Ben R. The poor are only poor because of the choices they’ve made. If you’re poor in America look in the mirror for who’s fault it is. Predatory lending only survives because of stupid people that use it.
So when does an interest rate become predatory?
Buckeye Derrick What you say defies logic. One cannot exist without the other.
Harry: Finally, now I can keep these pennies to myself.
*thump-thump-thump*
Harry: wth?
Tom: I smell pennies!
Harry:AAAAAAAAAAAAAA
What pennies? Even under the progressive tax plan, Harry is still making five times as much as Tom AFTER paying the brunt of the bill. You call having five times as much money as your neighbor pennies? And let's not forget that this is a one time payment. Next year, Harry will have six times as much money as Tom.
@@johnbrunelle5218 this a meme, bro. Just chill ._.
@@justincallister5586 aaaammmmeeen
Tom and dick: We SmElL pEnNiEs!
@@johnbrunelle5218 it's a meme you uncultured swine. Also calling people uncultured swine is aswell. Get with the culture.
Wow
Yes I love when PRAGERU educate me on unknown facts.
Thank You
We all ought to question nebulous phrases like "pay their fair share" and "tax the rich". Who decides what is fair and who are the rich?
👏 ...THANK YOU!!!
Hmmmm this Tom guy sounds like my uncle who uses my family’s Netflix and other stuff like that but doesn’t pay junk
I changed our Netflix password to BUYYOUROWN - so when my brother in law asked for the password my husband had to tell him BUY YOUR OWN ! lmao
I understand if someone has a crippling disability however most of the people in this country can work no problem just are too f****** lazy and want free hand me outs
Tom needs to tell his wife to stop feeding him soy.
Unfortunately said soy only makes him more agreeable. She knows what she's doing.
Victor R not agreeable, necessarily. Soy raises estrogen levels which also affect emotionality. Tom is clearly emotional.
Tom doesn't eat meals made by his wife. He make the meals for her.
First, however, Tom needs to get permission from his wife's boyfriend for the dietary change.
@@gloriagirgis but she doesnt work😂 damn freeloader bitch🤣😜
Amazing!!!
Who else noticed the attack on Stay at Home Moms in this example?
Implied, "The deadbeat's wife is lazy and a freeloader for not working while having two kids?"
Show me the part in the video where they attacked the stay at home mom. They only said she makes 0 money, which is true. They didn't attack her for not working, it just stated that she doesn't work a paid job. You assume that this is an attack, that tells me far more about how you view stay at home moms than the author of this video.