Jaspreet Singh
👤 SpeakerAppearances Over Time
Podcast Appearances
He's making you rich.
Plus a tax code, which is making the rich and the financially savvy even richer.
Now for the person that doesn't understand that, it sucks.
Because where do you win?
If you're making $30,000, $40,000 a year,
Tax cuts don't make a difference because you're already barely paying anything in tax.
Yeah, you got your withholding tax.
Don't forget, because of the standard deduction, your effective tax rate is very low.
So taxes are not that important.
you might not be getting a lot of government subsidies once you get past 30, 40, $50,000 a year, depending on where you live.
And then if you don't own assets, you don't get to win in this economic game because our system, a capitalist system that we live in, benefits the capital owners.
It benefits the people that own the assets, not the people that are working in the assets.
well he's working to drive the capitalist system in that way although it's not exactly a true capitalist system when the government is is buying specific stocks on the stock market now we're playing favorites which again good for the people that understand bad for everybody else so it's really now which side of the coin are you on and so for the average person it's horrible
For the financially savvy, it's a great opportunity.
But anybody can be financially savvy.
We have a guy in my office, Steven, who says all the time that men without a purpose cause a lot of problems.
Yes.
And for many men, that purpose is what I do for work.
Well, the job market sucks.
You can look at unemployment as one way to look at the job market.