Kevin O'Leary.. You have to love him

[RadioActive]

Found this while watching some Shark Tank on Youtube.
Check it out.

 

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[MJ DeMarco]

God Bless Kevin O'Leary. We need more people like him standing up to these socialist shills.

 

[Digamma]

The woman's argument is a portrait of how people think today. What a disgusting generational failure.

 

[GreatestManEver]

The socialist and Marxist are winning, if you look at history, what ever western Europe is America turns into 10 years later.

 

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[Lex DeVille]

Seems like I just read this in Atlas Shrugged.

I hate the mentality she, and apparently the author of the book, takes.

"I'm against selfishness". Wtf does that even mean. All human acts are selfish. It's not a bad thing. It's reality.

It's not enough that the "1%" are creating a lifetime of value for people across the world.

Now they should share even more...

 

[Mark Anthony Le]

I just never understand this.

Why do people feel like they are entitled to do nothing and gain everything?

 

[ddzc]

Holy she's annoying! Kevil Oleary is THE MAN! No filter, love it

 

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[theag]

He truly is Mr Wonderful. I couldve never stayed that calm.

 

[wilddog]

The O'leary Lang Exchange was an awesome show. Lang is the only person that knows how to handle O'leary with composure.

And if you don't think both individuals were equally annoying in this video, then please get off O'leary's nutsack.

 

[randomnumber314]

I thought we didn't do politics in this forum?

 

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[Inv1ctus]

Haha Awesome video. I do love O'Leary even though he pisses me off many times.

 

[MarchWarrior]

The idea is stupid. Why would my parents work hard if they'd get rich and have to pay progressive tax on a certain amount they surpass?

Those people who are making a lot of money already pay immense amount in taxes to support the lower class public housing and health care in many developed countries such as Singapore and Hong Kong. The idea that they're stuck in the lower class forever due to not enough taxing from the wealthy but not due to their own making (spending all their money on stupid crap, drinking their money away, eating out every weekend, not observing investment opportunities) is beyond belief.

Beyond that, capitalism inherently stems from the ability to accumulate capital and pass it on from generations to generations of people. Which is also the reason most parents work their a$$ off to provide better for their children. Why would I do that if my kids cannot have a slight edge over other kids? that'd be stupid for me to work so hard, might as well literally throw my money in the ocean and wait for hand-outs. Income inequality is in the principles of capitalism. The contradiction that girl makes in the video is stupid. If you want innovation, you better put a carrot in front of that innovation because quite frankly, I've got better stuff to do than innovating something I won't get a single reward for other than putting me in the newspaper. Founders of google made google partially to create a better service, but there's also the need for him to have financial freedom. Why would he sacrifice so many years of his youth to program if he couldn't be obnoxiously wealthy and have the best edge over everyone else in the world? (Obnoxiously wealthy being the most positive way possible)

It's also the stupid social struggle that lower and upper class always have in every society: each trying to gain an advantage in their life paths through politics. Sad news for the lower class though: upper class people always have more influence over lower class and that's just the way the game is. Some cold awakening for me when I realized that's how the game is going to be but hey, I don't intend to change the game, someone else can do that.

I don't remember who said it and can't find the origin, but it goes like this -
If the wealth is re-distributed on this earth and everyone starts with the same amount of money again so to speak, in a certain amount of time the money will goes back into the same distribution anyways.

 

[Digamma]

The idea is stupid. Why would my parents work hard if they'd get rich and have to pay progressive tax on a certain amount they surpass?

On this point, I read a gem the other day. Searching around, I noticed is a popular argument for the socialist morons out there.
Basically, it goes like this: limiting your working in order to not go over the threshold for maximum taxation is stupid, because if you did the math you would see that you still make more money.

Damn the idea of opportunity cost and worth of your time.

In these people mind, you should waste your life working to support morons who write of fairness on Twitter.
And their children's education too, because equality.

But then again, things will change or the West will be swallowed by ISIS or China or something else.
In the end, people who thrived before will manage to thrive again, and the dead weight will be thrown to the ocean.

 

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[Unknown]

If our country ever goes full socialist I'm going to sit back on my couch and let you all support me.

Oh and please buy me a nice couch.

 

[Weaponize]

Love this video. Actually, most of the YouTube clips of that I've seen of him I've really liked.

Because of that I bought his book and read it recently... Horrible.

The entire book is about how to succeed via the Slowlane. I was so surprised because of his role in Shark Tank, the way he generated his own wealth in life and those YouTube clips.

 

[FLYmk]

Love this video. Actually, most of the YouTube clips of that I've seen of him I've really liked.

Because of that I bought his book and read it recently... Horrible.

The entire book is about how to succeed via the Slowlane. I was so surprised because of his role in Shark Tank, the way he generated his own wealth in life and those YouTube clips.

That's interesting and a bit surprising. Whats the book title? Then again, he likes money - he'd rather have yours than let you have yours. Can't blame him!

 

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[Weaponize]

That's interesting and a bit surprising. Whats the book title? Then again, he likes money - he'd rather have yours than let you have yours. Can't blame him!

The book title is: "Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them"

I may be a bit harsh with my comments as he does have a couple of other books. One of them may be more targeted to what we do around here (and what we see him do on Shark Tank). But this book, the cold hard truth..., is worthless in my opinion.

 

[RHL]

Soap box time.

We've reached a point in our society where a combination of ego stroking, laziness, and raw empiricism has led us to pathologize nearly every single problem facing humanity. You're an alcoholic?-Alcoholism is a disease (you know, like the flu)! You raped and murdered three women?-You have a mental illness (like someone wadering the streets shouting at shadows)! You're poor?-You're disadvantaged and oppressed (like a child in many parts of sub-Saharan Africa)! You're fat?-It's your genetics. You just CAN'T lose weight!

Notice the common thread?

All the labels take the problem from being "owned" by the individual, to being either an accident of fate or an uncontrollable affliction. Nobody tries to get the flu, right? Being hooked on cigarettes or crack or McDoubles is just like getting the flu, you can't stop it or cure it, you're just a poor soul who was in its way! You're poor? It must be because of all the factors that you can't control, like your dad leaving the family when you were 8 (never-mind that you're now 48 and still broke), or that you couldn't afford to go to college (nevermind that more millionaires and billionaires have no college degree than have a degree), or that you're a certain race (never-mind that the internet now makes it possible to do millions or billions in revenue without your customer ever seeing the color of your skin), you just can't help it! Woe is you!

Obviously, lots of problems have roots that are out of your control. I think of Vig's MYB cast where he talked about getting screwed by his partners in a soul-crushing turn of events. Sure, he could have known more about contracts and possibly prevented it, but the malicious will of his partners to defraud him wasn't really his fault. I don't deny that situations like this exist, but what matters is how you respond to them.

I think what makes the difference between a winner and a whiner is one focuses on the problems it's humanly possible for them to solve, the other focuses on problems that can only be resolved in fantasy scenarios, like bringing your divorced spouse back to you or having complete income equality in your country, or magically making yourself a UK citizen rather than having been born in Lagos.

Be a winner, not a whiner.

 

[Ezio]

I agree with Kevin O'Leary but I think he is missing that middle class pays taxes to goverment and some of these taxes goes to subsidies, bank bailouts etc. Which may cause greater inequality than in real free market. It's hard to say because of all goverment programs and benefits. But I think that middle class may work for benefits for poor people and subsides for big companies. Has anyone study about this?

 

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[Shades]

God Bless Kevin O'Leary. We need more people like him standing up to these socialist shills.

Theres more and more with that woman's thought process and ideals every single day. Its a disease. And its spreading quickly among the young up and coming generations.

 

[jazb]

Love this video. Actually, most of the YouTube clips of that I've seen of him I've really liked.

Because of that I bought his book and read it recently... Horrible.

The entire book is about how to succeed via the Slowlane. I was so surprised because of his role in Shark Tank, the way he generated his own wealth in life and those YouTube clips.

He has 2 main books. One for fastlaners and one of slowlaners. He emphasized the difference. he said his 2nd book was for people to keep their head above water and be in a very safe place when you get older. his 1st book is basically his autobiography, but with details of his lessons he learned. the guy is fastlane to the absolute max. he is however very hardcore. worth a read.

 

[LibertyForMe]

Unfortunately, the politics of this situation run deep.

Focusing on pure economics, I would urge people to remember that almost everything is impacted by prices. Taxes are a price. Interest rates are the price of money. Complying with regulation has a price. Tariffs have a price. Subsidies have a price.

Now when the price of something goes up, there is less demand. This is essentially what Kevin is saying; when the price of making money goes up (taxes) then people have less incentive. Progressive taxes dissuade the people who make the most money.

This is how interest rates are supposed to work as well. When interest rates go up, there is less demand for borrowing the money, when rates are low, demand is encouraged. Naturally, when there is more money saved in the banks, the supply of money would go up, which would cause interest rates to drop. When people are spending more money and less is available to loan out, interest rates go up.

This is the point that ties it all together: all these unnatural obstructions prevent capital from flowing where it is the most efficient. Think about that, a subsidy on chicken makes more people go into producing chicken than they otherwise would, because of an artificial stimulus (the subsidy). What would those people have done with the money had there not been the subsidy? They would have done something more productive. So the subsidy propped up the chicken people at the expense of the economy as a whole.

This is the root problem, in my opinion. Until people realize that raising taxes on rich people is an artificial obstruction that causes them to move their money to where it won't be harmed (which is not where it should be), nothing will change.

P.S. When the Federal Reserve plays with the interest rates in order to stimulate spending, they are price fixing.

 

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[nausbot]

Uneducated people crying about their stupidity.

I'm getting back to work.

 

[RadioActive]

Be a winner, not a whiner.

Let them whine, while we win.

 

[Jamesdoesmith]

as a 20 yr old who has worked for a while and seen that chunk taken away to be given to those who do not work


wanna know how no one ever become wealthy, or made passive income, or drove lambos, or solved problems, or moved into the next tax bracket?









by bitching


back to the lab y'all. If I could make money off of complaining I would do it too, but I haven't quite figured that one out yet.

 

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[randomnumber314]

as a 20 yr old who has worked for a while and seen that chunk taken away to be given to those who do not work


wanna know how no one ever become wealthy, or made passive income, or drove lambos, or solved problems, or moved into the next tax bracket?









by bitching


back to the lab y'all. If I could make money off of complaining I would do it too, but I haven't quite figured that one out yet.

Want to know something else? Most people get all their taxes back, even though they bitch about paying taxes to people who don't work.

Don't be fooled by this gossip b.s. Go give value, go make millions. Even though it may suck to gave some% of your money to the government, it's still much, much, much better than not making enough to get it all back in a return.

I'll take an effective tax of 23% on $10 million over an effective tax of 0% on $45k any day.

 

[Weaponize]

He has 2 main books. One for fastlaners and one of slowlaners. He emphasized the difference. he said his 2nd book was for people to keep their head above water and be in a very safe place when you get older. his 1st book is basically his autobiography, but with details of his lessons he learned. the guy is fastlane to the absolute max. he is however very hardcore. worth a read.

Yea, I backed up on that harsh statement further down (you probably didn't see it) realizing it may have been the wrong book of his to read:

The book title is: "Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them"

I may be a bit harsh with my comments as he does have a couple of other books. One of them may be more targeted to what we do around here (and what we see him do on Shark Tank). But this book, the cold hard truth..., is worthless in my opinion.

The other book didn't appear to be on Kindle so I blindly passed it by, that may have been a poor choice.

Did you read: Cold Hard Truth: On Business, Money & Life?

If so, could you elaborate a bit?

Thanks!

 

[jazb]

Yea, I backed up on that harsh statement further down (you probably didn't see it) realizing it may have been the wrong book of his to read:



The other book didn't appear to be on Kindle so I blindly passed it by, that may have been a poor choice.

Did you read: Cold Hard Truth: On Business, Money & Life?

If so, could you elaborate a bit?

Thanks!

Yeah you read his 2nd book, specifically for slowlaners who want basic financial knowledge. His first book is really good. The guy is incredibly hardcore. probably too hardcore if im honest.

The guy started with 1 product and turned it into a multi billion dollar business over a decade. but when they got brought out, it all collapsed. went down as the worst acquisition in history. its a very good read

 

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[Bila]

OK, will be the black sheep on this one.
You know what social services and programs do ? Preserve human dignity for the most vulnerable.
Not all the unemployed are lazy people ( show me statistics ) ......people lose their jobs every day for various reasons, taxes are here to make sure EVERYBODY has access to the minimum to live in dignity.
I am willing to pay more taxes so every child can have access to safer schools
I am willing to pay more taxes so that every man or woman or child diagnosed with cancer can have access to a good health system regardless of their financial situation.


This is the core of what makes a great nation.

 

[csalvato]

people lose their jobs every day for various reasons, taxes are here to make sure EVERYBODY has access to the minimum to live in dignity.

Yeah, social programs like that are great to make sure that you are safe when you fit into this category.

Problem is that it is a very small subset of people collecting benefits that fit into this category.

And who pays for it? The people who already created value by making million and billion dollar companies.

*shrug*