Tax The Rich Debunked - What Lawmakers Don’t Want You To know

Patrick Bet-David debunks the narrative of "Tax the Rich" by explaining how much the top 1% actually pay in taxes. It is much more than you think, and data show that the people who pay the least in taxes are the .01% and there's a logical reason behind it.

Purchase tickets to the PBD Town Hall with Robert F. Kennedy Jr on December 6th:

Subscribe to the VT Network:
@VALUETAINMENT
@PBDPodcast
@ValuetainmentShortClips
@vtsoscast
@ValuetainmentComedy
@bizdocpodcast
@BrandonAceto
@kvoncomedy

Text: PODCAST to 310.340.1132 to get the latest updates in real-time!

Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

[rockyroad]

The worst crime is how any person by merely becoming a politician is suddenly a millionaire.

[hailmaryrecordings]

It’s how the taxes are allocated. EVERYONE is paying too much tax, and getting little in return.

[BiggMo]

15:34 at 57yo, I make 65k a year as a blue collar worker, and my net worth is just over 2 million. Started investing in my 20’s, avoided materialism but purchased quality items that last a lifetime.

Start early and it’s easy.

[katemyer]

Amen!! Flat tax. No loopholes. Just a straight up percentage. It should be clear & simple to see how much you owe the government. The fact that we have to freaking GUESS, and if we guess wrong, go to JAIL is actually criminal.

[geserbgalt]

Lost my father almost 10 years ago at 22. There are a lot of moments I wish I had a chance to discuss with him. PBD is the closest thing to a mentor and a voice of reason these days.

[Savvynomad]

The rich and powerful use the tax code to stay rich and powerful

[AnnaMoore-]

2023 has been a challenging year, but I managed to make $250, 000 before taxes as the sole breadwinner and head of household. It's a good starting point, but I'm always looking ahead on how to improve. I have 2 autoloans and hoping for a miracle to offset them as refinancing is more expensive in the long run.

[jamegumm]

Gee, why do they teach identity politics in schools and not taxes, credit, financing and student debt?🧐

[jcmurph]

Two questions never defined:

What do politicians consider 'rich'?
How do politicians become millionaires after being elected to congress?

[steakyb]

i love how at 8:27 Pat talks about incentives to go work go down for the hyper rich because the taxes are too high for them and yet the poor and middle class incentives to work have been dropping infinitely more over the years with the increase of inflation and price of housing going up and everything becoming more unaffordable. Nobody cares about the incentives of the people who dont have multiple millions in their bank account as far as the hyper rich are concerned incentives to workers dont matter whats the point in busting my *** every day working 60 hour work weeks to have to work like that for 30+ years to buy a house. Wheres the incentive?

[piusvapor]

I remember when Steve Forbes ran on the flat tax, and boy oh boy you could see the rich the poor alike get awfully nervous. Like you said there was a lot of "what about" nervous questions. Since then crickets on the subject.

[seanjohnson]

America: Freedom to Fascism (2006), a film by Producer/Director Aaron Russo (Trading Places), is a must see. In this film, Mr. Russo sets out to find the 'law' which requires the average working American citizen to pay a federal income tax, but despite his considerable efforts is unable to find such a law. Fascinating and very much worth watching.

[YankeeStacking]

Pat…PLEASE research and do a video on the option of a Convention of States as described in our US Constitution. Please!!

[sheep]

Going in Debt to fund Healthcare: 😔
Going in Debt to fund War: 😊

[bettysandra]

Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

[iittlebit]

CUT Government spending! No increase in taxes needed for anyone. Rich or poor.

[AmandaWright]

I really appreciate the dedication in each video you post. To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Michelle Stewart focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

[gugy]

It’s one thing to tax but to get back in benefits to the overall society. Yes, the rich should be taxed more because they get away using their money to find loopholes.
The big problem in the US is our tax dollars being wasted in the military, wars, corruption, etc.
we are far from being like Scandinavian countries where taxes are high but you get services and high quality of living.

[pecelirovucago]

This is power, thanks for exposing “injustice.”

Well done !

[camerakid]

Spoken like a true rich man. Survival IS A SLIDING SCALE!!! Cost of living goes up and the middle and bottom are sliding the other way. The concept isn’t hard to understand.