Myth of the Self made Billionaire : Debunked (part one)

There has been a video going around that Self made billionaires are fiction, this video has many misleading and out right false statements in it and I intend to address this in the video.

After reading some comment I realized that I ought to link important sources, should have done that earlier...

Self-Made score according to Forbes

BenSound:

Myths of Government debt:

[YoungCalebCarr]

Ironically I was writing a paper on that video and then I saw this

[bigsalmon]

This video was very well made and brought up some good points like how government is not really structured to spend the money they are given properly, or that yeah not all billionaires mooch off thier predecessors and did earn it, however there were a few things that I wanted to mention that rubbed me the wrong way, like how yeah not all billionaires are just collecting from previous generations and sitting on it, however Elon or bezos or gates did start out small but we're able to find their projects due to the wealth that thier families had to invest, like if little jimmy from the brinks wanted to make the next Amazon he couldn't really as his parents are blue collar workers and don't have the hundred to invest in this small project that realistically won't go anywhere. Second, I agree that people can improve themselves and that working hard to improve yourself should be syreived for, but when I first watched the video I didn't interpret the guy's words as "you can't improve" which goes to show different people can interpret it differently, I saw it more as the self made man in the sense that any old Joe can become that model self made person the video author was talking about. Next the thing about the negative percentages for people paying in taxes was a big red flag for me, as those people that are allegedly taking the most from the government are living the poorest, if it were true and the bottom 1% or however low we wanna go are taking like 54% (or whatever the stat said) from the government why are they on the streets working 3 jobs barely having a roof over their heads from predatory landlords, not having food ok the table without food stamps, etc? And if the rich are really paying the most how are they living so laveshly and why are there countless articles coming out like "new studies find that top 1% didn't pay any federal money last year" like we saw with the president trump debacle? Lastly the point about how wealth is based on stocks, 1) that feels like a slippery slope to an even grimmer future then we have if wealth in this country is based on stocks and not the gold standard which it has been since the founding of this country, and 2) since they bought them they can just sell them can't they? And then the govt can take that money, instead of taking the stocks like you said. Also one last thing I wanted to say your comments about how we should put the money in the hands of those that have shown that they known how to use it (billionaires) feels wrong as giving those that have already proven the money will just make them more successful, rather then giving it to other people that could be more successful like those people that showed they could (or even if they don't get that successful, it still makes sense to give it to the masses rather then a handful at the top that already took so much) that is all. Sorry if I sounded attacking ant any point just wanted to say my thoughts about this video and spark some discussion

[stevencats]

This entire video is just one big strawman. You totally fail to understand anything he’s saying and are arguing against things he clearly does not believe, while failing to “debunk” any of his actual claims

[grant_cook]

Nice editing and great video. Actually well thought out argument.

[dataassassin]

I don't agree that there is such a thing as "self-made", but I don't approve of Second Thought's video. He espouses Marxism that I disagree with.