McDonald's $3.4 Billion IOU To Itself
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- čas přidán 21. 04. 2022
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Admit it, we've all eaten at McDonald's. Yes, their fries are delicious. You know what's not delicious? The world's biggest companies scamming the rest of us out of our hard-earned money by exploiting tax havens and obscene loopholes. In this week's episode, we'll take a look at the most recent scheme - McDonald's' $3.4 billion IOU to itself.
How McDonald's Wrote A $3.4 Billion IOU To Itself - Second Thought
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SOURCES:
War on Want’s petition
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IWW resources
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www.iww.org/resources/pamphlets/
The War on Want report
waronwant.org/McTax
• McDonald's £295 Millio...
On tax havens and corporate taxes
www.greeneuropeanjournal.eu/t...
taxjustice.net/2019/03/05/the...
www.nytimes.com/interactive/2...
www.nytimes.com/2021/10/11/op...
apnews.com/article/business-l...
www.nytimes.com/2012/07/01/bu...
McDonalds and the EU in 2015
www.ft.com/content/6346575e-7...
IMF reports
www.imf.org/en/Publications/S...
www.imf.org/en/Publications/F...
Layering
www.buzzfeed.com/janebradley/...
Half as Interesting
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Protect this guy at all cost. Homeland security visited him once. Hope he doesn't accidentally die.
He's fine as long as he talks...and only talks.
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@@mekannatarry1929 that didn't save MLK or Gandhi, truth speakers must be protected. Anonymity is our greatest ally (I say with my name and face publicly available, i know)
What happend with the Homeland security? I haven't heard that
Seriously though, the fact he was visited by homeland security for giving his opinion on the Internet shows how much free speech exists in the US.
The thing the average person really needs to understand is that the less tax these bastards pay the more the rest of us do, the more the rest of us lose.
Yeah but these bastards dont feel the need to pay for public goods because they dont use them. "I'm so special and posh, everything I do is done privately- I dont need the government for ANYTHING!" Lol. All the while, their lives are only comfortable because of the working class who make their food, clothes, cars, jewelry, skincare, fly their planes, transport their shit, schedule their days, wash their cars, clean their homes, raise their kids. The people who work for them are the people who pay all the taxes. Yet it is because they rely on public and they would be fucking nothing without us that they should be paying their fair shsre. Without the working class, they'd be having to put in some real effort to meet their basic needs- like the rest of us do
If "the rich" paid even more taxes, you do realize that politicians will not decrease spending. Like a house with more space, they will simply continue to expand to match the budgets. The real answer is to just simplify the system so these games cannot be played. It will feel like more taxes on the little guy, but we will get countless hours of our lives back trying to understand and fill out tax forms and decrease the need for ever expanding IRS departments.
Well if they keep up their evil actions, they will need police protection. They should keep in mind tho that a rifle can reach out a long way😡
I just looked it up, global unpaid tax is around $430 billion a year, to END GLOBAL POVERTY would cost around $30 billion. TO END GLOBAL POVERTY!
Wow. It’s actually evil if you have enough money to end global poverty and hunger, and you just *choose not to.*
Sorry how the hell would you end global poverty with just 30 billion dollars
@@loverrlee go make that money then
@@Jay_Johnson People have become so accustomed to the existence of billionaires that you forget how much a billion actually is.
@@johnjohnson3681 I realise but I’d still like a source. If you were to just distribute this money it would just cause inflation you need to invest in long term wealth generating industries in countries where poverty is rife and I don’t see how you can do that for tress than the cost of the UK COVID contact tracing scheme for example.
It's suprsing the amount of people that don't understand McDonalds is a real estate company, it would be next to impossible to make that amount of money just selling burgers.
Franchise baby, staff those royal estates with silly serfy plebs and cheap 16y olds!
Burger plantations. The next generation of commercials can have Col. Ronald sipping lemonaid on the porch.
McDonald's would literally lose money if they actually employed everyone at all their franchises.
@Lousche B A G unless they got out of property taxes through a local or state incentive the way Amazon and Walmart do . If they do they could pay nothing and even use the closed location as a loss on their taxes .
Land of the free ( if your wealthy ) - Amerika Inc.
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What we don’t often talk about is the simple fact that every time the rich take a tax break, the US government takes a pay cut. Somebody has to pay the bills and that falls on the middle class not just in the form of higher taxes, but in a la carte charges for benefits: college tuition, healthcare costs, housing, roads and other infrastructure expenses, among others. Note while Covid-19 affected people around the globe, very few American corporations took a hit at all. They raised prices, laid off workers, and reduced productivity, but by God they maintained their profits (passing along any losses directly to employees and consumers). And the terminally ignorant fail to recognize any of this because of the grossly over-simplified justification of wealth jealousy and keeping what you earn. It’s such an exhausting fight.
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"grossly over-simplified justification of wealth jealousy and keeping what you earn". This is the toxic boomer mindset and definitely a mindset more associated with the right. As much as I hate the left-right dichotomy in the US because of how skewed left-right actually is, but this one really is and has been something of the right for decades. They are claiming more of a "populist" stance nowadays but the people on the right have completely have forgotten that the right has been anti-populist and pro business for decades prior to the last few years.
Modern Monetary Theory?
replace middle class, which doesn't really exist, with working class and it is accurate.
@@jns6320 i was about to comment that :D
I left another comment, but wanted to get more into details about my McDonald's experience.
I worked there in the back, cooking, in early 1986 at the Bakersfield California Ming Avenue profit center. At the time, it was the busiest and most profitable store in the entire state, if not the country.
They did horrible things. For starters, they took advantage of that eager dedication that younger employees have, and I was no different. Next thing you know, they're calling me to open, then calling me to close, then calling me to open again.
I would work 18 hours per day, 7 days per week. I barely slept.
When the Bacon Egg Cheese Biscuit was about to be released, everyone went to biscuit training, except for me because I was needed at the grill, as usual. I told the manager that this was bad because I'd be asked to open. She said that someone else would open, and I wouldn't have to worry about it.
Of course, they called me the next morning. I told the manager again that this was a bad idea. She said it would be no problem, and she would be there in a few hours.
I was there, by myself, stocking the upstairs cold storage, running drive-thru, running the front counter, cooking everything, AND trying to figure out how the fk to make these biscuit things, because I knew people would be asking.
Guess who shows up before my manager? That's right, the regional manager. She tries a biscuit, says it's okay, and asks me if I went to biscuit training. I told her that I did not, and she used that as an excuse to dress me down. Like, how DARE I be there when I didn't have biscuit training.
I told her of my interactions with my manager, but that didn't matter.
Now, when I'd work, I would do 18 hours, but then would be asked to stay behind to clock in and out for my two 10 minute breaks and 30 minute lunch. I told them that they should be actually letting me USE these breaks.
My manager then thought that it would be a good idea to swipe my magnetic clock card while I was working. She forgot a scan, things got reversed, and it had an impact on my paycheck for two weeks, which somehow came out to $35.
I complained about this. They sat me down at a booth, and brought out a HUGE ream of printed papers. They told me, "It's YOUR problem, YOU figure it out." Of course, I couldn't make heads or tails of that, and it would be impossible to figure out because I didn't write down my hours.
Instead, I had a plan that involved wearing swimming trunks under my work uniform.
Finally, the day came. We were heading into our lunch rush, when a fleet of NINE busses full of tourists showed up. And I was the only one at the grill. It was the perfect storm.
I went to the front, near the counter, and disrobed down to my swim trunks and white undershirt. My manager was in shock and asked me what I was doing. I told her that I was quitting.
She was going crazy in tears. "What about all of these customers? Who's going to cook behind the grill."
I looked her dead in the eye and told her the same thing she told me earlier.
"It's YOUR problem, YOU figure it out."
If people want to know where the dedicated hard workers went, it must be understood that they were predated to death. Used and thrown away, with the belief that replacements will also be dedicated.
That was in 1986, and I haven't eaten at McDonald's since. I can't bring myself to support their special brand of abuse.
Looks like you got slapped in the face by Mc's D.
Hey that's the spirit! I quit all the time when I don't like the deal. Life is too short to live on your knees. I just wish more people were like us
@@Praisethesunson Did you even read the whole comment. He made his manager cry
Absolute legend.
@@Gangst3r4everyeah how dare he betray his abuser
Remember kids: Law is only for the working class,rich people have a separate "law".
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I wouldn’t phrase it like rich ppl have separate laws, more so they write laws they can make loopholes in.
@@emtheslav2295 Stop being naive, when's the last time you've heard of an elite facing actual consequences for their actions?
@@alexanderkorn4730 never, they use loopholes to avoid consequences, while still technically following the law.
Exactly. 💎👍
I just love this channel.
You're breathtaking
This and jake tran bring the heat
Based Tay Zonday
@@YourCapyBro_windows95_3DPipes you’ve been on CZcams for a long time…
Join the PSL already
they will not get taken to court. One of the many crappy reasons the UK left the EU was because the EU was introducing a raft of tax legislation (that we still didn't have to adopt) that would put a stop to this kind of theft. Along with this, I suspect there are a number of politicians who enjoy "donations" from such companies simply to get them to not adopt the laws that would stop this. Of course, as a private citizen, i don't have access to any evidence for this ... but where's there's smoke there's usually a multinational acting a bit like scrooge mcDuck in his vault.
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Absolutely well said. i think UK and US are peak capitalists while EU has a mixture of economies and the latter really seems to care for the people. But you know the drill: rich people comes first no matter where. And the usual "Rules for thee, not for me."
Free markets are a lie.
@@nefwaenre exactly why I hate living in britan
I still think Brexit is a huge shame. And I can't believe a decision like that only requires 50% support!
It’s so wild to see something that Rousseau pointed out in 1762 come to fruition (again… this isn’t a new phenomenon after all 🙄). He said that the problem with the idea of protecting private wealth first and foremost was that eventually wealth would reach a point where it supersedes politics. He believed that would lead to the breakdown of the social contract as a few wealthy individuals would overwhelm the general will of the population. That is exactly what we are witnessing. The man was a genius.
Sauce please
@Brandon Tran
In hindsight it doesn't take a genius, but Rousseau was writing at a time when capitalism was in it's infancy. Even now there are many economists who refuse to believe that capitalism has this inherent flaw. That's how you end up with ridiculous concepts like trickle-down economics.
I heard this quote in regards to Marx but it applies equally well in this situation. "Everything that Marx got wrong is definitive proof that he was incorrect. Everything that he got right has just been accepted as common knowledge."
Indeed and Marx then systematized the laws of wealth or capital in 1842. He described the phenomenon you're referring to as capital accumulation. Rather than viewing these processes as separate, he viewed this class conflict as integral to politics and the state itself and went further to analyze the contradictions within capitalism that lead to this. His conclusion was that this stratification of wealth was inevitable to the point that it's understood as one of the basic flaws of the system itself.
we truly live in a dystopian future
It doesn't take a genius to realize that capitalism is a legal farce which more often than not is used to support psychopaths over the general public.
I would love to unionize my work place, but in my state if you unionize a franchise location the parent company can decide to shut it down. It's not right that there's more legislation protecting company's rights than worker's.
Unions don't just exist in the workplace, like tenants unions and community unions. Community unions specialize in pushing visible campaigns and pressuring local governments to reform their legislation, and in this case pressuring the government to create more workplace union protections. For example, many of them, like ACORN for example organized communities to fight for desegregation and registering voters in the Southern US (they are now dissolved in the U.S, but similar organizations exist). Its not a perfect solution, but it is a pathway to organize everyday people in the community to fight for any change.
@@allohobo I didn't know all that. Thanks for the info, I'll check it out.
@@OrNaurItsKat How can they do anything when all their workers, renters, or such say no
Propaganda of the deed
It works 💪
They shut it down, it’s their loss, not yours.
I got out of the alt right pipeline because of you. Thankyou
It’s so great to hear that! I’m always glad to know that my channel has helped people in some small way.
And now you are in the marxist pipeline?
Good job man!
JT may not go super hard on theory, but he’s one of the main reasons I got into Marxism. Eternally grateful
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I think I remember him saying (maybe in the reprogram pod) that he intentionally doesn't use specific terms or go into theory because, he wants to reach people who maybe oppose marxism and get them interested in aspects of it without outright saying it.
Welcome on board, comrade.
@@Nanook128 Yeah, there's lenin, Stalin, Mao, and the rest of the successful revolution gang!
@@americancommunist6076 hello again!
Love that you post your sources, giving people the opportunity to look into the issues themselves and allowing us to come to our own conclusions. Not many content creators do that.
The good ones do that. Never take anything at face value!
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This is why I hype up him and Hakim. As long as they keep doing that, I'll keep recommending them to people
He has to post sources; bruh the title is a pretty big claim. Need to back it up.
He shows something that looks like a paper and its content is a lorem ipsum generated text. Such a paper does not seem to exist (as far as I could find). That was disappointing (although as a general rule I agree with you).
My parents are so uncritical of capitalism they'd likely side with McDonalds. It's freaking crazy.
The system survives because people are propagandized not to critically question it.
Edit: well, in part. Lots of weapons also help.
I'll assume since they're pro-cap they're probably anti-abortion. Let them know they're hurting capitalism by not allowing abortions to be capitalized 😉👈
Want to convince your parents about the bullshits of capitalism?
Wait no longer!
Read "J is for Junk Economics", written by Michael Hudson and start debunking capitalist fallacies today!
We have to defeat the propaganda and the indoctrination that makes the working masses oppose its own interests.
Simping for the clown. My condolences
Hey JT, here's a topic I would love to see you cover: *How capitalism has ruined science publishing, and by extension science itself and access to science* (I know you used to do videos on scientific topics before)
The short version is basically this:
- Science publishing is mostly controlled by a few actors, like Elsevier. They are incredibly profitable, since they don't pay for producing the content (academic papers), the peer review is done on a voluntary basis, and the product is then sold at sky-high prices, either on a per-article basis or as extremely costly subscriptions for organizations. They basically control the market, which essentially forces scientists to publish "publishable" articles. This means that A LOT of potentially interesting things won't be pursued, or that negative outcomes won't get published and lots of knowledge of what doesn't work is being rediscovered all the time since it never gets published. And apart from that, "science" as a result is paywalled and essentially inaccessible unless you're very rich or is tied to an organization that has access.
@@ultraviolet7838 Nice that I'm not alone! :D
Yeah this is super important to get out there
Scumbag taxes, this is yet another reason i do not touch Mccrap with a ten foot pole. (Main reason being the shoddy quality, i have better options here in Europe) Especially since i live in a country with a tax system where said taxes come back to the people in the form of healthcare, infrastructure and government support. Dodging taxes in a system like mine, is akin to leeching off of society.
Don’t you worry, those issues are being eroded away by the day my guy, all for you’re well being of course, for national or economic security or whatever bullshiite arbitrary reasoning.
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Can you advise me how to start a world war in America?
After WWII, Europe gets everything: public healthcare, affordable education, public transport, often times public housing.
After WW2, America got only 30 years of prosperity, yet no safety nets, followed by 40 years of gutting the poor and middle class, and still no safety nets like public healthcare.
Can we get billionaires out of this country? Can we bomb k street? What's the path? Lol
The fact that our “representatives” pretend our crony market is free or merit based is beyond me. And on top of that, to use that falsity to “super”-inside trade stock
Meritocracy is ableist anyhow.
Meritocracy is an easy lie to tell because the people who work for the system have to believe it and the people outside the system have no capacity to challenge the obviously false claim.
The GOP is entirely controlled by Wall St and corporations.
You'll notice that the average GOP politician is an absolute moron and they're economically illiterate. They're merely empty headed errand boys.
The problem is there are too few of them, so it costs an arm and a leg to even run.
Why can’t we just have a world where everyone does things to help their neighbors and not for their own gain.
Because as it is, the power to change the world goes to those who cheat, lie and exploit.
Human nature unfortunately
If everyone thought like that we would still be stuck in stone age. Our feeling of important and desire to achieve that others can't get made us the dominant species of this planet.
Everything people do is for their own gain its just that working together is more beneficial for everyone
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So unfair especially when people who struggle to pay the bills who get taxed very hard for doing two jobs to put food on the table...
Whenever someone dares tell me corporations and the rich pay their fair share, I will literally just show them this.
And this is just what WE get to see them get away with!
if we have guns, they have to be more hesitant
@@americancommunist6076 Arm the masses!
As someone who has lived in Delaware all of their life, I can see you did your research and know exactly how much nothing there is to do here.
So the "Wayne's World" gag *is* accurate!
Delaware is a state which uses fraud to support their entire economy.
I like how you always reiterate that we DO NOT live in a democracy. Democracy in the truest sense is only possible in a classless society.
We live in a representative democracy, which is a democracy. The thing about terms is they are never specific, and can also be manipulated like direct democracies, which you refer too, or like socialist democracies. To say the us is not a democracy is a stress. We are a capitalist representative democracy with some socialist like policies. We need a lottocracy
@@odst2247 The United States's democracy is much like the democracy of ancient Greece: democracy for slave-owners.
Definitily due to continuous privitization your vote also has less and less power over more and more industries.
Not the main point, but it always horrify me how antiunion the US is. In my country, unions were illegal when we were a dictatorship. It may mean something
@@ultraviolet7838 i know they are not illegal in the US. But if you can be fired for joining one, it is not that different. Here, unjustified firing Is also illegal and i think that would be include the case of joining a union.
What country are you from?
@@TheBeatlesShow Italy. Technically, what I said in the first comment is not true, since there were unions during the Mussolini's government. But there were state controlled (i.e. party controlled) and mainly used to help the adoption of the fascist doctrine on labour. In fact, their creation was preceded by the abolition of the right to strike and they were given monopoly on workers' representation, i.e. no other free independent union could be created.
A lot of people don't know that when big private banks give out loans (credit), they are creating new money. It's not money they got from someone else that they are "lending." They literally create new money. It's fascinating how superfluous money is
Oh yeah money is totally made up
Well it's not superfluous because most of the time it is government backed cos the government will just bail out the bank if it lends poorly. Makes you wonder why these things are privatised.
When i worked at SubWay many years ago, I'd been talking to my fellow employees about meeting collectively with our franchise owner (he own(ed) a half dozen "restaurants") about increasing our pay.
When I came to work the next morning, the "restaurant" had been opened by guys from SubWay corporate and ALL OF US has been officially terminated for bullshit reasons (too many late arrivals, too many illness call-outs, insufficient performance etc etc)
Can't say I felt bad at all when the pandemic forced several of his "restaurants" to be closed.
As someone who grew up in Delaware, I’m insulted that you would equate London’s boringness to ours. There is no place more boring than Delaware!
True. 😥😂😂❤
😭😭 same
He is talking about the city of London not London itself
City of London is like the Wall Street of London
Puerto Rico is also a tax haven for certain types of industries.
And has been a US colony for over a century.
And the local government is pretty much bankrupt.
Not a state for the same reason Alaska and Hawaii weren't.
Audible sponsoring JT's video is what they mean by, "The Capitalists will sell us the rope with which we will hang them."
Ah yes, Wilmington, Delaware, the city with more corporations incorporated there than people who actually live there. What a state.
It's extremely ironic that Audible (a subsidiary of Amazon) is sponsoring this video. They probably don't even care about the content itself and only care about how many views it gets.
This whole channel is hypocritic as fuck
I really appreciate the ending of this video. True change will not come about in society merely by increasing regulation and closing tax loopholes. The real problem is that the local workers don't have control over their wages, hours, prices of goods, supply chain, etc. McDonald's would complain about irregularities and uniformity of product, but maybe we *don't* need to have an identical hamburger joint on every street around the world? Until we eliminate a parasitical ruling class, we will never have meaningful societal change.
Oh crap, looks like I've become a Marxist when I wasn't looking. 🤔
Inadvertent Marxism is the best Marxism if only because you really understand what Marxism is for if you come to the conclusions yourself. If someone tells you about, there is a possibility to treat it as a trend. If you undergo the thought process making your a Marxist, you are Marxist for life barring selling yourself out.
Welcome to the world of real economics, where things with value matter and we have no tolerance for rentier bullshit.
welcome on board, comrade.
Good decision, comrade.
@@daniellarson3068 why should workers *need* to negotiate against a power that owns the outcome of their labor? What is this power contributing to society that we should need to defend it so passionately? The cooks and cashiers there don't *need* a gigantic marketing and legal team to defend their international brand rights; if the product is good, people will want it.
Unionization is a stopgap, a way to give workers leverage under the current oppressive system, not a long term solution. Having huge global corporations that control more money than most nation-states doesn't seem like a sustainable way forward for humanity.
Ultimately, the capitalist drive to make "line go up" will lead to the ruin of humanity if we don't make some executive-brained decision to insist on our species' survival over immediate economic profit. Having the fate of our species depend on the decisions of the many, rather than the decisions of a few, is the only way to not end up extinct or in a dystopia.
9 hours per day, 5 days per week? That's cute. The reality is that there are some, like me, who are or were getting worked 18 hours per day, 7 days per week.
I'd often be asked to open, then later asked to close as well.
The big kicker, on top of the slave wages, is that I would have to stay behind after my shift to clock in and out for my two 10 minute breaks and 30 minute lunch.
EDIT: I worked there as a young adult, out of college in the 80s. We American workers have been sinking over the past half century.
Yup . I even “made it “ to that conservative wet dream of being Boss man of a branch for a different 18 billion in profits a year company , but working 90 hrs a week sometimes for weeks and months straight ( thanks to high expectations of , and low pay for the staff ) on salary and having 60% of wages being compensation of commissions, bonuses etc. to which you pay 100% of the taxes the company gets out of thanks to a Bush Jr. Policy as well as completely somehow legal made up P&L deductions ( like building rent ...when they own it out right ) still equaled used car and renting while watching your family and personal life go down the drain from lack of time to participate in it .
And I’m not unique or a fringe case in this , and my ex company wasn’t either it was standard practice in that industry for them and their three largest competitors. In my district alone we had 14 branch managers all get promoted around the same two year period and before I left I was one of 3 left in a five year period which had become the standard turnover time for mangers in that company.
i dont understand, what do you mean by "stay behind after my shift to clock in and out"?
And yet you don't kill anyone. The rich find that to be quaint.
They keep crushing you, yet you keep taking it 🤔
@@shieldgenerator7 think about it. If you work 18 hours a day, you would only have an hour or two break in between. Some decide to just stay close to the place they work instead of going home.
@@thunderpooch that doesnt make sense. 24-18 = 6 hours. Not enough, for sure, but way more than 50min. i still dont get what he meant by this. is he using lingo that would only be understood by people working behind the counter?
Genuinely surprised you didn't include the Netherlands in the list @12:16 as it's one of the world's biggest conduits for tax avoidance.
and thats why increasing the tax rate is a mote point, as anything times zero is still zero and we average people are the ones stuck with the bill.
The sequel no one knew they wanted. Second Brat is now invited to all of my cookouts 😋
The grillpill is real
“Chevy Bronco”? 😂😂😂
Hilarious.
Damnit JT! I need to be studying rn, why do you have to make such great content??
Go study! The video will be here when you get back 😁
@@SecondThought cant say that man,they may take down your video for corporate espionage.
@@SecondThought I have a question what is your goal for your viewers? I am just a regular guy here.
McD is just a real estate company doing a side-business with flipping burgers
Man I feel like we're reaching peak anti-capitalism content quality and I'm Lovin It.
fries with that shake?
Stay poor
Bah da da da da
Something messed up that we've gotten accustomed to in our society is the idea that certain jobs don't deserve a living wage. We've normalized that way if thinking. *What the hell?!*
I got into it with a neighbor a few years back when we were (drunkenly) talking about the minimum wage for some reason. He starts yelling "you think burger flippers deserve $15/hr?" At which point I responded with "no, I think they deserve at least $25". He almost lost his shit.
Long story short, I tried explaining surplus value of labor to him and it really wasn't clicking. I tried 🤷🏾♂️
I haven't eaten McDonald's in years and I plan to keep it that way.
My nuggies taste better anyways.
I work at McDonald's and something scummy they also do is avoid giving breaks to casual workers. 4h+ shifts give us a 10 minute paid break, 5h+ shifts give us a 30 minutes unpaid break (ontop of the 10 minute break). It's very common to get 3h 45m shifts, 3h 30m shifts and 3h shifts (which is the minimum).
This is for McDonald's Australia, may differ in other parts of the world.
I think its interesting that countries don’t know who is responsible for taking McDonalds to court, because to me the answer was pretty obvious: all of them. You pay taxes and break laws in multiple companies, imo its totally in the right for all of those countries to sue. The fact that the law was also broken in some other country is irrelevant.
yeah but McDs only has so much money so their would be the argument of who gets how much.
I'm writing my resignation letter to McDonald's literally tonight, most corrupt and outwardly dystopian job Ive ever had in my whole life
I had finally got out also. Being good at your job means giving people crappy food that makes people sicker.
Almost 2 years ago now I got a job with the labor Union that represented me and it's thanks in no small part to you and other lefty youtubers that helped me come to an understanding that corporations are our enemies and until we can take control of society away from them then I will do whatever I can to push back on them. We recently won the biggest wage increases in the history of one of our largest bargaining units narrowly avoiding a strike and will be getting more active in organizing over the next few months. Power to the workers! Thanks comrade!
Nice keep up the good work !
Holy shit, you actually got a sponsor!
I've been listening for a while, and it took me until you were at the end of the sponsor pitch to realize why it felt so odd. Audible is a good fit, and I hope they continue to sponsor you without exercising influence over your content.
It's kinda strange that they would sponsor this though, since Amazon who owns Audible is basically the most anti-union company there is. Not complaining though. If that helps Second Thought to produce more videos, I'd consider it a net positive.
Just ate some McDonald's breakfast right before this video and it made my stomach hurt more than usual.
Wow imagine that. Junk food makes you feel like junk. Shocking.
Debit notes receivable $3.4 billion
Credit notes payable $3.4 billion
Nice work this week. It's interesting to think about the large industries of the world getting taken into public ownership. If the end goal wasn't profit, maybe we could manage the production and distribution of goods and services in a way that's more beneficial to everyone. Something to think about
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We could have the Mcrib and shamrock shake year round if we didn't care about artificial scarcity.
@@daniellarson3068 Libraries are my favorite public good.
the average twitter user after they get public ownership of a megacorporation and proceed to ruin it because they have no idea of what work actually is.
"after getting their McFingers McSlapped" just killed me
Congress would never do anything about this because they use the same loopholes themselves to avoid paying taxes.
"Very simple 1 page tax policy" is the _BASED_ version of "closing tax loopholes".
Im actively unionizing my work place (literally a couple of pie shops) thanks to your education and deprograming. I handed out pamphlets today
See what I did there, anyways yeah thank you stay safe
Buena suerte amigo
GOTTA LOVE HOW THEY STOLE A DAY OF PAY FROM ME and lied about the bonuses.... And the sick pay.... And yelled at me for washing my hands. Hate that company never again AND YES IM GOING TO THE LABOR BOARD. The health depo didnt care
The system was set up by rich men to benefit rich men.
Rich "white" men
“If you take up arms, you'll end it, but if you sit around and wait for the one who's in power to make up his mind that he should end it, you'll be waiting a long time.” - Malcom X
You forgot the most obvious solution…
Just don’t eat at McD’s.
Awesome clip!
Yep, just let the second largest private employer on earth just tank.
That isn't actually a solution. This is just "let the free market decide" written in a different way.
the only solution is revolution
@@mechanomics2649
What can’t we wage a boycott on McDonald’s?
Ancaps: "just privatize the government and everything else and everything will be fine." Sure it will guys
It already is privatized. How do you think politicians rise to power? Votes? Hahahahaha. The problem is not whether the government is private or not. The problem is its size
Privatized. No. The problem is who has control over government and ancaps would make it much worse.
@@youtubecruiser6819 Yes the way it is now is actually worse. People still have the illusion of democracy. If it were privatized there would be transparency
@@Gangst3r4ever I don't think there would be. I don't like the way it works now but I still think it would be worse privatized, even with transparency.
these videos have improved so much since jokes were introduced.
The biggest injustice is that companies pay taxes based on profit while individuals pay taxes based on income.
Just tax the companies on every dollar of what they sell on (to) the territory of a tax jurisdiction instead.
Love your consistency.. Both in terms of quality, content, and without Missing, a new video every Friday♥️
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Every video that comes out of this channel is high quality, salient, and it keeps on getting better and better. Nice one!
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Thank you for posting your sources. It's a sign of respect to us viewers and very much appreciated. Keep up the great work.
Meanwhile, I can't buy food.
You could also cover certain steamers on twitch. Like Roshtein. A gambling streamer that literally uses Malta and another country in the Southern Hemisphere as a tax haven to circumvent paying wealth taxes
So glad audible picked you up! Take those ad dollars habibi! Just binged all of The Deprogram in 4 days (all while working my 'Bullshit job' [not too bullshit, I actually produce a thing with my labor]) and I have had such a good time learning the correct terminology for the aspects of capitalism i truly abhore, while also laughing and gaining back some of the jaded humanity I have been feeling as of late. Thank you JT, Hakim, Yugopnik, and every one of your guests for helping me out of the quagmire of realization of the corrupt systems around us.
I appreciate all of you, more than can be expressed here.
Much love from a working class schlub.
you get it lol
"Beautiful white beaches, ugly white tourists." Holy shit that was gold!
McDonald's is just red cardboard and salt? How dare you...
Give them such undeserved high praise, they don't SEASON their "food"!
Yay for living in a tax haven! Got to love me some austerity taxes and the attempts at privatizing utilities further! /s
Edit: Yes, just so I'm clear, this comment is sarcastic.
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/s means /sarcasm if anybody didn't know that
@@insertusername3417 Cheers. I wasn't sure if I'd have to explain that.
To paraphrase a quote i heard a while ago " in the reneissance the smartest pepole where working to make better pumps or study medical operations ,
Today the smartest pepole are working hard to find tax heavens and convincing you to not click on the "skip ad" button"
Please do not confuse richest with smartest. The smartest people in the world still do great things. They are teachers and doctors and good people in all kinds of professions, they just might not be well known. People who do what you said are not even particularly smart, they’re just morally bankrupt which makes it easy to make money if you have zero morals…
Please don’t stop making videos. I listen to the podcast too, but this is where it’s at. You have a gift for delivering information in a way that is both easy to digest and non-douchey (v. important) and I need your videos to radicalize my friends.
I feel like the world would be a better place if Delaware had real industries outsides of being a corporate safe haven.
It wasn't even a real colony until it declared independence in 1776.
To the average liberal or soft lefty who watched this ask yourself: Why is it our representatives allow such obvious corruption and are slow moving on these things but can rush to pass legislation when working class people start insider trading? Two words "Class Interests'
Capitalists allow this kind of behavior and enable it because it maintains their economic hegemony. I ask the average liberal if Capitalism is so efficient and humane why is it that it fosters the conditions for such gruesome abuse of societal funding? Democracy under Capitalism only exists to benefit the ruling class' interests.
Thank you for the investigative journalism!
You give me a ton of revaluationary optimism with these videos. Thank you very much.
Oh my God you’re sponsored by a company owned by Amazon, that’s hysterical
There is one part of this the capitalists gave made easy for us. They've separated the brand from the stores. And the brand kept all the logistical infrastructure. Nationalize the brand, turn the franchises into co-ops.
Another banger!
I wanted to stop in and say thank you for all the hard work on this channel! It's inspired me to finally start editing my own video essays! I only have one up so far, but hopefully one day I'll have a channel that is as informative and well made as yours! 💪👑
Never, NEVER put "intellectual property" and a mother's love in the same sentence, as somehow examples of something similar. One of them is real, and it's not property. Don't you even dare.
Watching this before my shift in McDonald's starts
I love the videos JT. I am writing a TV show that teaches kids about politics.
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this is a huge step up in quality. Keep it up man.
wow! your videos are amazing man, thank you.
WORKERS generate wealth.
Still surprised how JT manages to get sponsorships from an Amazon subsidiary while bashing Bezos
So what stops a non-ultra wealthy person like me from creating an LLC in Delaware and taking my income from Job A and paying it to that LLC and claiming I made no money?
what stops you is you won't make enough money to pay off politicians to make rules in your favor
I loved the video. Excited to see the next one.
I really vibe with your content ST but when you said “Chevy Bronco” I couldn’t help but cringe at the mistaken manufacturer lmao.
Meant to be a joke, but I guess it didn’t quite come across that way. I used to run a car show and I drive a Ford lol.
@@SecondThought ITS GEORGE ORWEN 1976 BROTHER
If my moms love is an intangible asset then I guess all my value is material
Man, i love your videos. Keep up the good work JT
i work in law (not attorney). i do financial disclosures all day long. real estate is a scam, you almost cannot lose money in real estate. it's nuts.
Love ur videos
Thanks so much!
_"We live in a Society"_
Thank you! this video is wonderful. That book recommend at the end was legit, thanks!
Thank you JT. Next up this morning is the latest Deprogram 😊
If people think it is a touchy feely concept, they will not mind how awful it physically is. Like religious philosophy vs religious practice.
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the best socialist channel on all of youtube
Britain is one of my favorite places in the world. They should do more to keep these things from happening.
This past week has been so hectic, I forgot it was even Friday. I just checked my feed like “oh, second thought. Wait, it’s Friday! New video!”