/biz/ - Business & Finance

https://www.youtube.com/watch?v=6bi2XvD0eXw

>>15998508
>upvotes
>reddit spacing
>astroturf shilling some buzzfeed tier YouTube video
Not clicking our link or pumping your thread faggot. You know what goes in the option field

>>15998508
many problems today stem from land rents not being taxed and taxing labor instead

>>15998508
shut the fuck up you commie faggot

>>15998577
Based and Georgepilled.

Replace all taxes with a single tax on land values.

>>15998508
>>15998511
>Only 24
>Already well on his way to becoming a millionaire
What the fuck have I done with my life. Also, pretty sure he's not a millenial.

>>15998577
nigger I pay property tax. now pic related

>>15998530
>upvotes
>DOUBLE SPACING
>astroturf xxxxxxxxxxxxxxxxxxxxxxx

its double spacing low IQ underage

>>15998508
>guys like him having 6 properties
Said he has three.

Also he has no financial smarts. Could have put the 200k in cash he put into real estate in index funds. Could have retired in 10 years.

>>15998508
>guys like him having 6 properties is what contributes to the housing shortage.
Not really

The people who own those properties would rather hang on to them than sell Joe Anon for half price, since Joe Anon is going to keep paying market rents.

>>15998530
>>15998583

This is what I mean, why are you guys upvoting the guy with 6 properties? Do you not realizing that 1 guy having 6 properties means there will be at least 5 guys with 0 properties who will be indebted to the first guy? Or are you just greedy?

Anyway the video is a bit humbling, I like to spend my time appreciating nature and the arts, something you can't do if you work that much. Though I'm also getting a degree for a job which is in the 85th-90th percentile for salaries

>>15998668
He's not gonna retire in ten years on index funds

They're like 7% growth on average. By the rule of 70, he'd like double that to $400k in ten years but inflation is a thing too

>>15998680
>1 guy having 6 properties means there will be at least 5 guys with 0 properties who will be indebted to the first guy? Or are you just greedy?
Those five guys can buy from a developer who builds five properties and sells them for cheaper.

Also I plan to get rich through chainlink and real estate and I pledge to use my money to work toward making neeting it up in luxury an option for every person everywhere.

You won't care how many properties other people have because you'll have as many as you want.

>>15998633
yeah but you pay taxes on income, sales, and 100,000 other things you're not even aware of

>>159985081
>upvotes
no u for u

>>15998711
>I pledge to use my money to work toward making neeting it up in luxury an option for every person everywhere.
Fighting the good fight.

>>15998508
>Housing shortage
Sorry anon, but there is no such thing

>>15998688
Ummm you are disregarding that he will continue to put money into the index funds. Should hit a million easy in ten years.

I watched some of the "Make It" videos, every single person with a high salary has a combination of: 1. Very strong work ethic 2. Rich parents or 3. They got lucky (e.g. with Bitcoin)

>>15998508
>Housing shortage
>Houses are mostly just wood & mud

>>15999335
Duh? Obviously

going full mao on landlords and nationalising the resources industry are things that i support

>>15998631
he'd JUST be a millennial, literally on the cutoff between that and gen z

>>15999335
More like pick any 2

>>15998508
no, its literal retards upvoting him. Most likely republican trash cans that think to themselves "see? Hes doing well therefore the economy is doing good. Trump 2020!!!!!!! *foams from mouth*".

>>15998778
*affordable housing shortage

>>15998664
No learn board culture or gtfo

>>15999636
What do you mean "duh?"

I think there is a misconception about work and the guy in the OP is a case in point, he doesn't work to live, he lives to work. He's industrious. There is no way this guy is going to call it quits and become a video game playing shut-in NEET once he reaches his goal of 1 million buckaroos. He's going to keep working because that's how he's wired. Many of us are shut in NEETS who are praying for the LINK singularity, we might get rich with it but we are definitely not conscientious and industrious people.

Also this topic should make you wonder what the point of work is if you don't get the time to spend your money. Retiring early is a pipe dream for almost everybody.

>>15998508
this faggot makes 120k a year working as a lineman. you amerimutts understand that even lower-end DOCTORS dont make that kinda money in yurop yes? you retarded mutts have absolutely no excuse and yet youre constantly whining about how shitty your ecnomy is.

>>16000724
because it is shitty, retarded dumbass.
Let me EDUCATE you

44% of 22-27 yr old college grads are underemployed (inb4 just do computer science as if everyone is capable of that. Even they have like a 24ish% underemployment rate for 22-27 yr olds: https://www.newyorkfed.org/research/college-labor-market/college-labor-market_compare-majors.html
Think about that. NEARLY 1/4 cs graduates aged 22-27 will be underemployed (don't know how it evens out over time. Still not amazing though. It's around 34% when including all ages and all majors). Also 1/4 college grads make highschool wages.
7/10 graduate with 29k+ in debt.

78% of full time workers live paycheck to paycheck ( *LITERALLY one paycheck away from homelessness and that is basically poverty* ). *42% of americans will retire broke* (so you give up the best years of your life being someone's bitch just to retire with nothing), 57% of americans can't afford an unexpected 500 dollar bill, 50% of renters are cost burdened (spend over 30% of their income on rent. Half of those spend over 50% of their income on rent), 30% of metropolis city jobs (where most jobs are created) pay hardship wages (not enough to move out with) and 32% pay livable wages (basically poverty) which leaves 38% that are decent (I say decent because you also have to take into consideration the toxicity of work culture. Also, some jobs ONLY pay livable or up BECAUSE of the hours put in. For instance, the average american works 47 hours a week. 49% work 50 hours or more a week. Both of which inflate the wage stats into looking better than it actually is), etc.

Welcome to the "land of opportunity" (load of bullshit).

>>16000753
This has to be fake, I keep seeing it pop up everywhere. Everyone I see has a smartphone, goes out for drinks, has pets, children, subscriptions to redundant upon redundant services, and more. People are doing pretty well right now financially, at least in the US. How do they figure the average person lives paycheck to paycheck or can't afford an unexpected $500 bill? I live in a nice place in the city because I don't like driving and keep a very full bar and blow money on stupid little projects all the time but I still manage to invest about half my paycheck. I do work a lot of overtime but I could cut my hours to just 8 shifts a month and still live very comfortably going out and shit. I think the stats are fake or at least heavily manipulated. Polling 100 random Detroit slum dwellers is a piss poor sampling of the US overall.

>>16000802
>People are doing pretty well right now financially, at least in the US.
im gonna fucking kill you. Literally retarded. Actually GOOGLE this shit. You can EASILY find the stats online, you STUPID motherfucker.

I dont CARE what you THINK. DATA > ANECDOTES

Holy shit, you just be a middle school drop out. Either that or your genes are dogshit.

>>16000753
Based
Let them eat cake

>>16000807
So basically it is confirmed for fake news? I hope you can understand but emotional outbursts don't convince me any more than fake numbers do. I prefer to live in reality, things just make more sense that way.

>>16000753
>>16000807
>muh stats
dude who gives a shit about the stats this guy makes 120k repairing telephone lines WHAT THE FUCK. thats what a dentist with his own practice could expect here in yuropistan and two thirds of his income would be taxed away immediately. how can you make more money, pay less taxes and still whine about the economy. if youre an amerimutt and broke you have noone to blame but yourself.

>>16000830
>emotional outbursts
>fake numbers
>fake news
>prefer to live in reality

LOOOOOOOL
Republicans, everyone.
Hey, dumb bitch, like I said, you can easily google the stats yourself :)

Dont like numbers? Too bad. No, you dont live in reality. I do. You sugar coat. I dont. I look at statistics. You dont. I base things on numbers. You base things on biased anecdotes.

This is the ultimate btfo. Keep coping though.

Numbers arent that scary, okay :)?

>>16000843
>dude who gives a shit about the stats
stopped reading there. Stop talking to me. I dont associate myself with low IQ retards.

>>16000810
aaaanf they ignored the stats because it goes against their agenda. Just a bunch of dogmatic retards. You cant reason with weak minded dumbasses. We live in a clown world.

>>16000810
also, pic strongly related

>>16000845
Burden of proof, nigger. If it's so easily found then why didn't you give us any real numbers? Could it be that you only want us to see the fake ones? I see right through you republican bullshit. I already said emotional outbursts don't convince, so I'm not sure why you doubled down like that. Do you only have two tricks in your repertoire? Might want to work on that if you ever hope to be convincing, especially since there's this little thing called real life that stands counter to everything you say.

>>16000854
kek if youre so smart then why are you broke living in the richest country on planet earth

>>16000870
>burden of proof
no fucking shit hence why I posted the stats LOOOOOOOOOL

holy FUCK, you're actually THAT stupid. Wow. Just wow.

Anyways, dumbass, I wont search them all for you. I dont have to. Im only doing these few out of the goodness of my heart.

https://www.google.com/amp/s/www.forbes.com/sites/zackfriedman/2019/01/11/live-paycheck-to-paycheck-government-shutdown/amp/
78% of full timer workers living paycheck to paycheck

https://www.housingwire.com/articles/46924-apartment-list-nearly-50-of-renters-are-cost-burdened/
50% of renters being cost burdened

https://www.msn.com/en-us/news/other/survey-finds-42percent-of-americans-will-retire-broke-—-heres-why/ar-BBPH5JG
42% of americans retiring broke

thats all. You google the rest. If you actually think i made these stats after this, you might have a tumor in your brain
Stay healthy and go to the doctor!

>>16000895
holy shit.... look at the motherfucking stats, oh my goooooooooood

god, idiot up in the sky... why did you create retards like this shithead that cant understand what im arguing/what the stats imply?

Why, faggot god? Why did you create this retard?

>>16000753
>>16000807
>>16000845
Shut the fuck up you lazy entitled retarded blue hair commie faggot. For the love of god I haven’t seen posts this pathetic since the fucking first bitcoin moonshot. Fucking kill yourself. Jesus Christ.

>>16000910
*if you actually think I made these stats up

>>16000921
>stats are fake news!
>posting stats make you lazy!
>this economy is amazing!
>numbers are fake news created by the illuminati!
No, I wont kill myself. Why? I have to reproduce a lot to offset your shit genetics and make it so my offspring ensure your offspring dont reproduce. You're an idiot. Your genes need to die.

>>16000910
Cool, thank you for sharing. Still hard to believe, but I'll look into the methodology a bit(if they even include it). If not then it's safe to say that the myth is busted. If it is real then it's weird to think we're so much smarter than the typical person. I could understand being just 10 or 20 times smarter, but if living paycheck to paycheck then they shouldn't be counted as people. They'd probably be better off in prison since they simplify things so much. Also protects us from the undesirable elements. Being that poor is just kind of gross.

>>16000942
Shut the fuck up already and educate yourself on /pol/

>>16000942
No one cares about you. No one cares about your stats. No one cares about the world you want to live in.

>>16000972
>educate yourself
you're telling the guy that posted data to educate themselves...

Are you a comedian?

>>16000980
>REEEEEEEEEE
Pic related. It's you. Keep seething. Gives me energy

>>16000992
Seething about what?

>>16001005
About statistics going against your BELIEF that the economy is doing well, what else? Lol you can't even recall what we were arguing about?
Were you dropped on your head as a baby?

>>16000862
You are correct anon, I enjoyed reading you btfoing those retarded faggots, thank you for that.

There should be a 2 home limit per person.

>>16000920
>muh stats
>too smart too be rich
lmao meanwhile some fucking LINEMAN is raking in 120k a year and on track to be a millionaire by 30. you burgers have absolutely no excuse to be poor you should all be ashamed of yourselfes if you dont make at least six figures.

>>16001139
I wonder what would happen if everyone suddenly started earning a six figure income?

>>16000724
This

>>16001162
Uhhhhh everyone would be happy?

>>16000972
Don't have any beef in this thread, just passing by but had to drop this here.This is the stupidest comment I've read all week.

>>16001139
aaaaaaaaanf thats not realistic, retard. Do you not know what the stats show? Do you have down syndrome? I can cherrypick some random ass rich person fron your country. Does cherry picking an example mean it's feasible for everyone in your country to be just as successful? No, dumbass. Thats why stats are important. To show you what is plausible and what isn't, you stupid retard. Get utterly btfod into oblivion.

>>15998577
This is an underrated opinion

Rentier capitalism is fucking us

>>16001222
ok since you like stats so much. the median income in USA is 30% higher than here in krautland. taxes are significantly lower, real estate is cheaper and high end professionals make MUCH more money than in germany. you wont find a single salaried lineman raking in 120k a year in my country I can guarantee you that. you really have no excuse to be poor in the United States.

>>15998508
>owning property contributes to the housing shortage
because you can only build so many houses! and what if we ran out of cement, wood, plastic, and metal?

>>16001498
120k USD is ~100k in Euros let's assume both are before taxes

For the Burger:
>70-90k after Taxes depending on location
>Assuming employer based health care -10k in co pays and premiums on average/year
>Left with 60k-80k to spend freely on living costs
>Fucked beyond belief in the case of disease that loses you your job possible financial ruin
>No unemployment benefits unless insured, which costs roughly another 5-15k

For yurop(Germany in this case):
>65k after taxes
>Healthcare, unemployment, disabillity all contained in the tax
>65k to spend on living costs

It's roughly the same, you're just fucked in the US because you're dealing with private insurance who's goal is to deny you coverage whenever possible. Only brainlets prefer this system.

>>15998680
>upvoting
shut the fuck up

>>16001665
You didn't know? On a planet with finite resources there is an infinite amount of space, materials and labour! It all works out in the end, somehow.

>>16000845
memories of 2016 flashing through my mind, repeated cycles, meaning another 4 of more bullshit

>>16001709
Imagine actually believing people decide who gets elected in the US.
Trump promised tax cuts for the 0.1% that's why he got in.

>>16001667
What is
>unemployment insurance
>short term and long term disability

I pay ~50 burgerbux a month for those

>>16001731
They are feel-good insurance, they don't actually amount to anything. When you actually need it, they will deny you coverage on technicallities or on forms you never submitted which they never told you about. I have extended family in the US, and I have lived there once for 2yrs (Houston,TX).
Everything has a price. The taxes you don't pay compared to yurop come and bite you in the ass later down the line. Scammy insurances, higher crime rates, worse infrastructure etc.. etc.. Yes we pay higher taxes here in yurop, but we also live care free, our infrastructure is great and we don't have to worry about being mugged at gunpoint. That's a fair price to pay for basically 10-20k less income

>>16001667
your calculations are more or less correct except making 120k in germany is really rare. most doctors dont make that kinda money, unless youre a senior in a big hospital, specialist or run your own private practive. in the US you could be a firefighter, cop, truck driver, a fucking LINEMAN and rake in that kinda cash. its unheard of in Germany.

>>16001804
>firefighter, cop, truck driver, a fucking LINEMAN
You're kinda generalizing here. For instance the cops where I am in US start out at like 35k, it's fucking pathetic and I don't know why anyone would do it. But other agencies might have a higher budget and there are many, many agencies.

>>16001804
and to be honest here high end professionals in teh US can make much more than 120k, you could be making 200,300,500k and in that case the savings in income tax become exponential. either way Im sick of burgers whining about their hardships when they can climb a fucking telephone mast for a living and clear 10 grand a month its beyond ridiculous.

>>16001804
They could, if they had so shitty pensions and all the other insurances i.e. "Work-place accident insurance". Your wage is not the only thing an employer pays in yurop, there are "wage labor costs" which amount to 1.8 times the wage of an employee( at least in my country, Austria). In the US because they have such a shit system that basically coveres nothing and you're shit out of luck if anything ever happens to you, the employer can afford to pay higher wages, because he has less wage labor costs.
To put it simply a person earning 60k/year is actually costing 108k/year, that's pretty much on pair with the US

>>16001827
>You're kinda generalizing here
all these professions CAN clear six figures. its very doable. you will never make six figures in these jobs in Germany. you could be a total brainlet and drive a truck and make six figures there is no way you will ever see that kinda money in europe working similar jobs.

I don't want to work a job as a lineman because it is long hours, physical, away from family, often in poor conditions (cold, snow, disaster areas, heat, etc.)

I'm lazy and unmotivated. How can I rewire my brain so this type of work is okay and I can make money?

>>16001842
>To put it simply a person earning 60k/year is actually costing 108k/year, that's pretty much on pair with the US
complete nonsense thats just money that is taken out of your pocket. and our great social security system is already crumbling tehre are plenty of retirees collecting bottles just to survive. theyre pushing for retirement age of 69 and I recently got a letter from the pension agency telling me I should look into private pensions because theres a good chance my pension wont be worth shit by the time I retire. thats an official government doc. the US also has tax sheltered schemes like Roth IRA, 401k and God knows what else theres nothign comparable in Germany. In the US you could get a high paying job, work for two decades and retire, good luck doing that in Germany.

>>16001847
>>16001835
You're also forgetting some very important things
>Vacation days in the US are not mandetory, most places have like 2 WEEKS of vacation, yes 14 days per year. In yurop most countries have 30-45 days. Yes a whole fucking month, bitches.
>Average work week in the 6 figure wages is well above 40h/week you're probably working 60-70h week if you're making 6 figures while in Europe the average work week is 38,5 hours Imagine if you doubled your working hours, how much more would you make?
>Yurop isn't a place where you get constantly sued for littlest things, you can live your entire life without seeing a single lawyer. That's impossible in the US and lawyers are VERY expensive.

>>16001862
>and our great social security system is already crumbling tehre are plenty of retirees collecting bottles just to survive
That's mostly because of exorbitant living costs. Local and federal governments too afraid of telling foreign real estate investors to fuck off.
Also, its parasites cashing out exorbitant pension fucking up the system for everybody. Why does a politican get a 50k pension? Why does a federal banker get a pension of 160k? Is that really fair?

> In the US you could get a high paying job, work for two decades and retire, good luck doing that in Germany.
The grass is always greener on the other side. Go there if you don't believe me, see with your own eyes, it's not as simple as you make it out to be.

>>16001887
>it's not as simple as you make it out to be.
it is very simple you just try to make it complicated by going on all kinds of tangents like infrastructure, quality of living and whatnot. the United States is the richest country on the planet and with a modicum of drive even a total brainlet can clear six figures. this is simply not the case in even rich european countries. Ive been to the US and I actually work for a US company and get paid in USD so I get the best of both worlds. but its always fat entitled amerimutts who whine about lack of opportunities when a lot of people would kill to make their salaries

>>15998508
When I see a fat guy on McDonald's eating 4-5 Boxes I will complain saying that beacuse of that fat guys like that that we are on a shortage of chicken McNuggets, there will be another 4 people that won't be able to eat chicken McNuggets beacuse of him!

>>16001910
I worked comparable jobs for german and US employers and with the americans I do half the work for 50% more pay the Germans are stingy as fuck, always want to nickle and dime you and then they whine about lack of "fachkräfte" when theyre just paying shit wages.

>>16001910
I don't kow, 20 years with basically no vacation days, very few sick days and 60h/week would probably give me a heart attack. I couldn't and wouldn't do it, no matter how much money you would give me.

>>16001929
I havent had a sick day in seven years anon. the 60h/week number you completely made up and you also get paid personal time on top of vacation, still less than europe but not as bad as youre trying to make it look. at the end of the day if you want to make money the US is 10x better than yurop its not even a discussion.

>>16001910
everything you've posted in this thread is correct. you're getting replies from children in college with no real world experience.

>>16001910
What type of work?