Cenk Uygur

And then mainstream media goes, oh, you sound conspiratorial. Yeah, I wonder how. Yeah, super easy to explain it. Here's one of dozens of examples, carried interest loophole. So that is for hedge funds, private equity, the top people on Wall Street, that's part of their income. They get two and 20, right? So 2% is a flat fee, no matter what happens to the fund.

And 20% of the profits of the fund goes back to the people who invested it. It's not their money. It's not their investment. What they're getting is actually just income. It should be taxed at the highest rate. But because of this loophole, it's taxed at a much lower rate, at around 20%. So do you know at what income level you go above 20% if you're a regular Joe? It's at $84,000 a year.

And 20% of the profits of the fund goes back to the people who invested it. It's not their money. It's not their investment. What they're getting is actually just income. It should be taxed at the highest rate. But because of this loophole, it's taxed at a much lower rate, at around 20%. So do you know at what income level you go above 20% if you're a regular Joe? It's at $84,000 a year.

And 20% of the profits of the fund goes back to the people who invested it. It's not their money. It's not their investment. What they're getting is actually just income. It should be taxed at the highest rate. But because of this loophole, it's taxed at a much lower rate, at around 20%. So do you know at what income level you go above 20% if you're a regular Joe? It's at $84,000 a year.

So these billionaires are getting the same tax rate as people making $84,000 a year. It's unbelievably unfair. And that's corporatism taking over and starting to rig the rules. I'm going to pay less taxes. You're going to pay more taxes. Okay. So again, I can give you dozens of those examples. So, and mergers so that they get to oligopoly power.

So these billionaires are getting the same tax rate as people making $84,000 a year. It's unbelievably unfair. And that's corporatism taking over and starting to rig the rules. I'm going to pay less taxes. You're going to pay more taxes. Okay. So again, I can give you dozens of those examples. So, and mergers so that they get to oligopoly power.

So these billionaires are getting the same tax rate as people making $84,000 a year. It's unbelievably unfair. And that's corporatism taking over and starting to rig the rules. I'm going to pay less taxes. You're going to pay more taxes. Okay. So again, I can give you dozens of those examples. So, and mergers so that they get to oligopoly power.

That's how you rig a system, lowering the corporate tax rates. making sure that there is no real minimum wage, making sure there's no universal health care. We all become indentured servants of corporations. They take away power from the average guy, give it to the most powerful people in the world. But the most important distinction, Lex, is that corporatism hates competition.

That's how you rig a system, lowering the corporate tax rates. making sure that there is no real minimum wage, making sure there's no universal health care. We all become indentured servants of corporations. They take away power from the average guy, give it to the most powerful people in the world. But the most important distinction, Lex, is that corporatism hates competition.

That's how you rig a system, lowering the corporate tax rates. making sure that there is no real minimum wage, making sure there's no universal health care. We all become indentured servants of corporations. They take away power from the average guy, give it to the most powerful people in the world. But the most important distinction, Lex, is that corporatism hates competition.

It wants monopoly and oligopoly power. Whereas capitalism loves competition and wants to free markets. And I remember, you know, we started Young Turks back in 2002. So we've been around for 22 years, longest running daily show on the internet ever. And so we were pre Iraq war and Iraq war starts and Dick Cheney starts handing out no bid contracts.

It wants monopoly and oligopoly power. Whereas capitalism loves competition and wants to free markets. And I remember, you know, we started Young Turks back in 2002. So we've been around for 22 years, longest running daily show on the internet ever. And so we were pre Iraq war and Iraq war starts and Dick Cheney starts handing out no bid contracts.

It wants monopoly and oligopoly power. Whereas capitalism loves competition and wants to free markets. And I remember, you know, we started Young Turks back in 2002. So we've been around for 22 years, longest running daily show on the internet ever. And so we were pre Iraq war and Iraq war starts and Dick Cheney starts handing out no bid contracts.

I'm like, what part of capitalism is a no bid contract? You can't negotiate drug prices. That's the most anti-free market thing I have ever heard. It's almost like communism for corporations. They get everything and you get nothing, right? So it's preposterous. It's awful. And it kills the free markets and it's killing this country. And it is the main ideology and religion of the establishment.

I'm like, what part of capitalism is a no bid contract? You can't negotiate drug prices. That's the most anti-free market thing I have ever heard. It's almost like communism for corporations. They get everything and you get nothing, right? So it's preposterous. It's awful. And it kills the free markets and it's killing this country. And it is the main ideology and religion of the establishment.

I'm like, what part of capitalism is a no bid contract? You can't negotiate drug prices. That's the most anti-free market thing I have ever heard. It's almost like communism for corporations. They get everything and you get nothing, right? So it's preposterous. It's awful. And it kills the free markets and it's killing this country. And it is the main ideology and religion of the establishment.

Yeah.

Yeah.

Yeah.

No, they're not all guilty. So let's make a bunch of distinctions here. So first of all, can you, first of all, are they quote unquote guilty? No, they're doing something that is logical and natural, right? So if you're a company, do you want to pay higher taxes or lower taxes? Of course you want to pay lower taxes, right? Do you want to have higher employee costs or lower employee costs?