today I’m gonna make a case you why I
believe capitalism is by far the most
effective form of economy in the world
not perfect but the most effective
economy in the world a lot of you
haven’t asked me about my opinions on
capitalism socialism communism I put 45
pages of notes you don’t see over here
right in front of me that I’ve typed out
over the years and I said let’s just
make one video that if you can watch one
video with your friends peers and sit
there and debate it and say I agree I
disagree I don’t like what he says I
want to get married advice on this
because you know Mary’s not gonna like
what this guy’s saying you know what I
think John’s gonna like what he said
let’s see what John says about this I
want my professor to give his opinion on
this I want you to share with the people
that you value their opinion and watch
and sit there together and say does this
make sense and do you disagree I
disagree show me proof maybe I am wrong
I don’t think he’s right he’s absolutely
wrong about this case you’re gonna make
that argument for yourself and it kind
of below because I want to see those
kinds of things here’s here’s why I’m
doing this here’s what I’m doing this I
think a friendly debate for us to sit
here and have and and here’s one of the
reasons why I do something like this is
the following reason obviously by a
timid as a channel purely based on
entrepreneurship and we do some cool
interviews but if you go on YouTube and
have an entrepreneur vitamin comes up
all over the place the purpose is to
produce other entrepreneurs that create
commerce for themselves and they make
money so you’re no longer relying on a
government to help take carrier or
corporation to take care of you but this
is even a bigger point if I go to
college today for every one teacher that
is going to support capitalism in school
universities today professors for every
one teacher one teacher that supports
capitalism there are 12 that oppose it
let me say it one more time it’s a one
against 12 so the people that believe in
capitalism today are being bullied by
those who don’t twelve to one is what
the numbers are so if your kid that’s 16
years old or younger Talt
between 18 to 24 you go into school
right now odds are out of your 13
professors 12 of them are not gonna like
capitalism one is so my encouragement
for you to have a brain that’s sharp
that’s debating everything that’s being
fed to you
is you need an argument like this to go
sit in your classroom and say but
there’s a professor Johnson you know
Patrick Medina said the final what do
you think about it and let them get into
it and have that conversation with them
so again question thoughts comments
comment below if you haven’t subscribed
subscribe to the channel and if you want
to join a notification squad join a
notification squad by clicking that
alert let’s get into it so there’s a big
heavyweight matchup between these two
forms of economies
you’ve got the socialism communism side
and you got the capitalism side right
now the flag carrier for communism and
socialism was a guy named Karl Marx by
the way I’m not gonna do a whole episode
about Karl Marx and this one I may do in
the future but go study Karl Marx go
study about the financial difficulties
he had about his kids about how it was
as a parent about his philosophies who
he was go study who he was as an
individual but he wrote a book called
Communist Manifesto that became a Bible
to a lot of people and then Leon Trotsky
Fidel Castro Lenin Stalin the book on
this side another one could be the
revolution betrayed and then I recommend
you also reading The Naked communist by
Cleon Scouse and it was a 15 year CIA
agent that wrote the intricacies of how
the communists are thinking about
imposing their beliefs on other nations
now on the other side on the capital is
the flag carriers and ran I mean picture
this and rent and car marks today if
they debated today there is not a
stadium big enough for people who would
want to go watch these two guys debate
Karl Marx against and ran and ran wrote
many books one of the book she wrote
that got a lot of controversy was Atlas
Shrugged she also wrote Fountainhead and
she wrote a book that very few people
have read but its excellence called
capitalism the unknown ideal then you
have Adam Smith who wrote the book
wealth of nations then Milton Friedman
who you know my recommendation Q after
you’re done watching this video go type
in Milton Friedman fill down and he’ll
make a note on the side you will need to
take a lot of notes with this fill down
here my and Milton Friedman and just
watch that debate by the way Michael
Moore you know Michael Moore who wrote
the the video he made about capitalism
and they’re all greeting and all this
other stuff the same Michael Moore that
doesn’t believe in capitalism that’s not
worth 50 million dollars a 18 year old
Michael Moore debated Milton Friedman
many years ago they can watch on YouTube
and I’m Benjamin Franklin so these these
are
left and a right for you to be thinking
about now I want to explain cap I’m
gonna cover 20-plus different questions
today and the first one that I want to
explain to you that will make a whole
lot of sense hopefully under what this
means what is this whole concept of
capitalism socialism communism I don’t
understand it every time I ask I get
five different answers first of all I
want you to be thinking about in the
following way instead of looking at
these things as different isms look at
it simply as numbers and control meaning
on this side it’s a lot of force on this
side it’s a lot of choice come with me
to the next set to show you exactly what
I’m talking about
so to simplify Tercel concepts of
different forms of economy we created a
pendulum which I call the forms of
economy pendulum that simplifies the
whole thing for you by the way for some
of you that are visual we’re gonna put
this whole thing for a PDF for you to be
able to print share with others and kind
of look at and read through it again so
let me explain to you what this means
the first question anybody has to answer
when it comes down to capitalism
socialism communism
you know Leninism whatever you want to
call it is this added $100 that you make
this month or this week or today or in
the last two hours how much of this
hundred dollars are you willing to give
to the government in exchange for
certain services what percentage 30% 40%
50% of what percentage is it based on
what percentage you are willing to pay
that’s the form of economy you believe
in let me simplify for you if you say a
hundred percent which is not many people
if you give a hundred percent back to
the government that means you believe in
communism which means the government
gives everything for you they make all
your decisions in your life and you go
to work you wake up in the morning go to
work no matter how hard you work today
no matter how many books you read today
and ma’am no matter how much you
personally develop yourself you’re not
gonna get paid because the government
gives you a food milk drink juice place
to stay transportation all of that stuff
that’s it on the complete opposite end
if it’s 0% tax you say I don’t want to
pay any taxes well listen if you don’t
want to pay any taxes you have an an arc
you know what happens when there’s an an
arc here is what happens no rules no
regulations no laws you’re not protected
you can be living in a house with your
wife and kids somebody else can come
with a gun they’re stronger
they can kill you take your wife take
your kids and they’re not going to
prison there are no laws he’s not
getting arrested cops are not coming
nothing’s gonna happen your house is on
fire no one’s gonna come and take care
of that place because there’s not a
service to do it it’s zero percent
anarchy the last time we had an anarchy
I think it was in its Somalia from 1991
to 2006 and prior to that I want to say
was Albania when we had a Anarchy right
that took place but years ago there was
an arc in many many years ago today this
is the pendulum of the extreme far left
far right now capitalism is when you say
you know what I’m willing to give 10 to
35%
some people say I want to pay 10 percent
flat tax which means you make 100 grand
a year ten thousand dollars you make a
million dollars a year you spent a
hundred thousand dollars in taxes you
make fifty thousand dollars here you
paint five thousand dollars in taxes but
between roughly ten percent to thirty
five percent is considered taxes that
monies and it’s considered capitalism
that money goes to the government the
government gives you the basic service
of what you’re looking for we’re talking
security which means a military some
police the fire department you have
roads you have education you have some
of those things that’s being taken care
of right that like that for you now in
the middle here is when there is a major
mixture of capitalism and even more
socialism issues this is when you kind
of mix the two up so this is when you’re
at thirty five to fifty percent in taxes
where it goes a little bit deeper
somebody said oh I think we need to have
free health care free this free that and
then when you pass the tipping point of
50 percent this is when you’re at
socialism fifty percent plus this is the
conversation well I think we need to
have free food I think we need to have
free college I think we need to have
free pension I think we need to have
free like a Bernie Sanders thing my
mother will works very well with the
young audience because the 21 year old
the 20 row that’s in college right now
it’s very easy to bind to the concept of
free free free because rich people are
greedy and they suck and they’re
horrible now I name is Bernie Sanders I
want all these nice properties I Drive
an r8 but all these other rich people
are totally greedy but I’m not I’m the
good guy but these guys are terrible
people but it’s an easy concept to sell
very easy believe me I lived in a I
lived in a country where nine million
people revolted nine million it’s bigger
than the French Revolution you can go
read about it in Iran in 1979
February started from 77 December 31st
after Jimmy Carter put up the glass with
the Shah of Iran and he left the moment
he left Revolution started and it
dragged out cinema wrecks fire in Iran
at Abaddonn and all this other stuff I’m
born in October 18 1978 at the peak of
it when I was born there’s a guy named
Khomeini who got up and said we have so
much money we can give you free food we
can give you a free phone we can give
you free this and everybody said what a
savior what a noble concept he got
elected right so this is as simple as it
can be explain how someone would say
well Pat I think it’s a little bit more
technical than that let me explain to
you the same way this goes private
property on this side you don’t have any
private property because communism they
own your property ok capitalism you have
private property you can own property
can own your business you can all no
that’s that here socialism gets involved
because then it becomes nationalized
they want health care to all go through
the government they want banks to go
through the government they like Hitler
believed in socialism he was a fascist
but he believed in socialism all of
that’s going through the government we
controlled it we control it we control
it you knew your loans through us you do
your distil as you do your healthcare
through us because it’s all controlled
regulation decide a ton of regulation
you can’t even breathe here capitalism
you need regulation why do you need
regulation if you don’t have regulation
there could be a monopoly kind of like
there used to be monopoly with AT&T or
Microsoft you cannot have a monopoly
because then the small business owner is
being hurt who runs a mom-and-pop shop
and all this other stuff so there needs
to be some regulation too much slows
down business too little it’s a
doggy-dog fight and no one can survive
in an anarchy type of an environment
right here good amount of regulation
it’s safe taxes how much are you willing
to pay speech on this side you have no
freedom of speech a lot of people live
in China right now their forms of
economy could be capitalism which
there’s a lot of money to be made but it
comes down to you voicing your opinion
against the government you do not have a
freedom of speech because they’re still
running it in the communist that I still
have control over you on what you say
you can’t get up and create a youtube
channel and bash the rulers and all this
other stuff you cannot do that because
freedom of speech here free here
controlled this is your making process
here
somebody makes all your decisions for
you here you make the decisions for
yourself backed up by laws and
regulations owning business you own your
business here you don’t own business
your competition there is no competition
here right there’s a lot of competition
here okay
lots of competition here what’s a good
thing about competition if there’s no
competition you literally listen you
would not watch a single movie if there
was no competition do you would not
watch a single sporting event if there
was no competition
we love competition except we hate to
lose you and I we love watching other
people win or lose we just hate the one
with the one that’s losing we love
watching SportsCenter saying did you see
our batter when I was so embarrassed and
what a stupid I cannot believe he got
not that dad man up up and then Twitter
that thought thought thought thought
thought that but except when we lose we
don’t like it right we need competition
we love competition we we admire
competitors for having the courage to
compete on loose but so many people
don’t like it and last but not least
inheritance on here no inheritance
socialist you know on this side you know
they don’t like to you know have a rich
person when he dies his money goes to
his kids they say that’s not fair that
money should go to the government it
needs to go to the government because
the cup his this kids a spoiled brat I
cannot believe he’s willing to take this
money from his parents and you know what
he dies why should that 22 million
dollars go we should tax all of it right
this is what they say now let me give
you on the contrary the same people the
same people
liberals whatever you want to call them
that want to tax 100 percent of all the
wealth ease inheritance
let me explain a different way that
hopefully this will make sense to you
think about this generation today is
using the money of the prior generation
and the prior generation that they made
let me explain America gets start at
1776 then all of a sudden you have the
Rockefellers Carnegie’s JPMorgan Chase
all these guys come up and they start
creating Commerce and businesses and
then 80s and the 90s and the markets
getting bigger and governments bigger
are our GDP speaker we got all this
money coming in and then people say well
now that we’re rich we should use the
government’s money
to go out and come out with free health
care and free call because we can afford
it the same thing that they don’t like
what inheritance is the same thing they
like to do to inherit it the prior
generations tax dollars to put to use
lots of contradictions there to
understand this part now prior to me
going and answering the next question I
want to kind of show you the following
because a lot of times you’ll hear
people say well you know there’s so many
people that capitalism’s hurt and and if
there was a right noble leader in
communism or socialism this country
would be so amazing if there was
somebody that’s ran Noble because
communism if you think about it there’s
a part of it yourself well it’s kind of
Noble you know it’s kind of cool because
what’s the purpose of me having
everything I should give everything away
because that’s not mine anyways if there
was this beautiful noble leader that
came from the skies and it was so
beautiful and amazing and loving and
caring and he wasn’t driven by power or
selfish desires we would have the most
amazing country in the world well let me
tell you what happened when we have
these noble leaders that all of a sudden
realized they have so much power look at
the decisions they end up making now
before we go higher this major
recruiting company find this incredible
noble leader for us that’s gonna run
this country based on a socialistic and
communistic philosophy let me give you
some historical events and leaders on
how many people were killed because of
this leader or this event and by the way
remember this one life is way too many
lives lost think about how many people
in your life in life have died and
imagine that feeling that loss and take
it at the numbers that we have here let
me show you the first one here the first
one is the Hiroshima atomic bombing
70,000 lives were lost this is 70,000
too many here’s another one the Armenian
Genocide that was done by the Turkish
regime back in 1915 1.5 million lives
let me say again a 1.5 million lives
were lost 1.5 million you can watch the
movie promised by Christian Bale and
Oscar Isaac with Christian Bale and
Oscar Isaac you’ll see how emotional and
tragic these events are the same time
when Turkish regime did that to the
Armenians they also did it to the Greek
750,000 lives lost and the Assyrians
lost 300
thousand people that’s over 2.5 million
lives lost and that’s still not the
highest when you think about slavery if
you’ve seen the movie rosewood with Jon
Voight or if you’ve seen the movie 12
years as a slave I watched that movie
three times in the first week that came
out or if you’ve seen glory by Denzel
Washington and Morgan Freeman you see
and feel what many of these slaves
experienced during those years and
roughly it’s been said that 1.5 million
at a low to 5 million lives were lost
due to slavery here’s another one that
many many movies have been made about
you know but notice what you’ve read
about the star Holocaust Hitler and the
Nazis 25 million people were killed
Hitler believed in socialism 25 million
people were killed if he’s seen the
movie Schindler’s List with Liam Neeson
or if you’ve seen a movie The Pianist by
Adrian Brody you can actually get a feel
what they experience now as as tragic
this is as as terrible as this is with
the amount of people that were killed
during these events let me show you what
communism did here’s communism for you
it’s been estimated between eighty to
ninety four million people let me say it
again
80 million to 94 million people were
killed by a communistic regime and a
communistic leader here’s some number
for you number one Mao Zedong from China
who is a communist 45 million to 75
million Stalin from Russia
40 million to sixty-two million Lenin
from Russia four million Pol Pot
Cambodia communists 1.7 million to 2.4
million Ho Chi Minh from North Vietnam
also communist 1.7 million Kim second
son from North Korea communist 1.6
million Ethiopia 1.7 million Afghanistan
1.5 million South America I can give you
a lot of different ones on how many
people were lives were lost at these
events look here’s what to realize you
know somebody was asked it we were
having a debate over term limits okay
was actually at the home office by
somebody who was a Republican who wanted
to have more term limits and I said you
know what I’m not comfortable with
having people be a president or senator
or congressman for 20 30 40 years I’m
not comfortable with that
why
because you eventually get so much power
that you think you’re bigger than
everybody else and you can go and cross
the line what all of a sudden somebody
comes in that it’s only driven by power
that can abuse that power this is why
it’s good to have a president and be two
terms Max and no longer than two terms
because wouldn’t you like him or not two
terms later in eight years you can have
somebody else that’s typically gonna be
the complete opposite
you have Reagan then you have Bush
senior then you have Clinton then you
have Bush then you have Obama then you
have a truck it’s a pendulum and what
I’m not too happy being I’m not up and
this is why it’s kind of like this our
presidents show us like the Eagles right
we’re all too much to the left too far
to the right the point here for you to
realize is the following
capitalism is simply a mathematical
formula so is communism so socialism
it’s all a math formula and when it
comes into the capitalism formula it
produces results that’s simple communism
produces power control decision-making
for you
socialism forces you to give to
something you don’t want to give to
capitalism says listen you give me 30%
your money I’m gonna give you military
safety roads all this other stuff laws
that somebody can abuse you bully and
all that other stuff go do what you want
to do that concept works by the way for
some of you guys that are wondering
politically which way I lean I voted
left blue Clinton
I voted right and today I’m a registered
independent do you know why here’s why
they just saw the number on CNN this
last week and they said California used
to be a majorly a democratic state I
think today California is forty five
point six percent Democratic twenty five
point four percent Republican 25 percent
independent both the Democratic and the
Republican vote in California is going
lower and they’re getting more
independence you know why because people
are sick and tired of the games being
played on both sides both sides games
are being played both of them and the
reason why games are being played is
because the following reason let me
explain to you when you go into deep
into anything if you go and hang out
with gangsters or mobsters for a weekend
cool you have fun two weekends no
problem three months six months twelve
months later you’re kind of deep
three years later and you make a
commitment to go to a couple business
transactions you’re in too deep already
you can leave this is what’s happening
to a lot of our political people they’re
showing too deep on the left side or the
right side that they can’t come out and
say I’m wrong and for you as a young
person or whoever you are that’s
watching this my suggestion to do a
recap of this today you heard me talk
about the heavyweight matchup and the
the forms of economy the pendulum that I
talked about I want you to pdf download
the PDF that I have on the bottom click
on the link below to download the PDF go
through it and study the notes share
this watch this video with other people
and sit down and ask yourself do you
agree do you not agree what do you think
about this go watch the videos on Phil
Donahue with Milton Friedman go watch
old interviews of an or and you’re not
gonna find interviews with Karl Marx but
there are other people you can see that
make their arguments for communism or
socialism break you down for yourself
this just makes no sense to me I don’t
get I don’t agree with this guy create
that own opinion and you’ll see what it
comes back down to if you’re an open
minded person you can have a very hard
time arguing capitalism but the only
thing we’re really gonna be arguing is
what percentage of your hundred dollars
should be taxed so with this capitalism
series expect many other videos to come
have a lot of notes that I haven’t
covered yet many of them that have not
covered yet and it be coming out here
soon stay tuned for it and I want to
hear from you if there’s anything you
want to tell me about you can tweet me
I’ll respond back if you send me a
twitter my handle is Patrick bread David
and if you got anything you want to
comment on the bottom comment you know
whatever it is comment below as well if
you haven’t subscribed to this channel
do so and join the notification squad by
clicking on the alert button take care everybody bye-bye
believe capitalism is by far the most
effective form of economy in the world
not perfect but the most effective
economy in the world a lot of you
haven’t asked me about my opinions on
capitalism socialism communism I put 45
pages of notes you don’t see over here
right in front of me that I’ve typed out
over the years and I said let’s just
make one video that if you can watch one
video with your friends peers and sit
there and debate it and say I agree I
disagree I don’t like what he says I
want to get married advice on this
because you know Mary’s not gonna like
what this guy’s saying you know what I
think John’s gonna like what he said
let’s see what John says about this I
want my professor to give his opinion on
this I want you to share with the people
that you value their opinion and watch
and sit there together and say does this
make sense and do you disagree I
disagree show me proof maybe I am wrong
I don’t think he’s right he’s absolutely
wrong about this case you’re gonna make
that argument for yourself and it kind
of below because I want to see those
kinds of things here’s here’s why I’m
doing this here’s what I’m doing this I
think a friendly debate for us to sit
here and have and and here’s one of the
reasons why I do something like this is
the following reason obviously by a
timid as a channel purely based on
entrepreneurship and we do some cool
interviews but if you go on YouTube and
have an entrepreneur vitamin comes up
all over the place the purpose is to
produce other entrepreneurs that create
commerce for themselves and they make
money so you’re no longer relying on a
government to help take carrier or
corporation to take care of you but this
is even a bigger point if I go to
college today for every one teacher that
is going to support capitalism in school
universities today professors for every
one teacher one teacher that supports
capitalism there are 12 that oppose it
let me say it one more time it’s a one
against 12 so the people that believe in
capitalism today are being bullied by
those who don’t twelve to one is what
the numbers are so if your kid that’s 16
years old or younger Talt
between 18 to 24 you go into school
right now odds are out of your 13
professors 12 of them are not gonna like
capitalism one is so my encouragement
for you to have a brain that’s sharp
that’s debating everything that’s being
fed to you
is you need an argument like this to go
sit in your classroom and say but
there’s a professor Johnson you know
Patrick Medina said the final what do
you think about it and let them get into
it and have that conversation with them
so again question thoughts comments
comment below if you haven’t subscribed
subscribe to the channel and if you want
to join a notification squad join a
notification squad by clicking that
alert let’s get into it so there’s a big
heavyweight matchup between these two
forms of economies
you’ve got the socialism communism side
and you got the capitalism side right
now the flag carrier for communism and
socialism was a guy named Karl Marx by
the way I’m not gonna do a whole episode
about Karl Marx and this one I may do in
the future but go study Karl Marx go
study about the financial difficulties
he had about his kids about how it was
as a parent about his philosophies who
he was go study who he was as an
individual but he wrote a book called
Communist Manifesto that became a Bible
to a lot of people and then Leon Trotsky
Fidel Castro Lenin Stalin the book on
this side another one could be the
revolution betrayed and then I recommend
you also reading The Naked communist by
Cleon Scouse and it was a 15 year CIA
agent that wrote the intricacies of how
the communists are thinking about
imposing their beliefs on other nations
now on the other side on the capital is
the flag carriers and ran I mean picture
this and rent and car marks today if
they debated today there is not a
stadium big enough for people who would
want to go watch these two guys debate
Karl Marx against and ran and ran wrote
many books one of the book she wrote
that got a lot of controversy was Atlas
Shrugged she also wrote Fountainhead and
she wrote a book that very few people
have read but its excellence called
capitalism the unknown ideal then you
have Adam Smith who wrote the book
wealth of nations then Milton Friedman
who you know my recommendation Q after
you’re done watching this video go type
in Milton Friedman fill down and he’ll
make a note on the side you will need to
take a lot of notes with this fill down
here my and Milton Friedman and just
watch that debate by the way Michael
Moore you know Michael Moore who wrote
the the video he made about capitalism
and they’re all greeting and all this
other stuff the same Michael Moore that
doesn’t believe in capitalism that’s not
worth 50 million dollars a 18 year old
Michael Moore debated Milton Friedman
many years ago they can watch on YouTube
and I’m Benjamin Franklin so these these
are
left and a right for you to be thinking
about now I want to explain cap I’m
gonna cover 20-plus different questions
today and the first one that I want to
explain to you that will make a whole
lot of sense hopefully under what this
means what is this whole concept of
capitalism socialism communism I don’t
understand it every time I ask I get
five different answers first of all I
want you to be thinking about in the
following way instead of looking at
these things as different isms look at
it simply as numbers and control meaning
on this side it’s a lot of force on this
side it’s a lot of choice come with me
to the next set to show you exactly what
I’m talking about
so to simplify Tercel concepts of
different forms of economy we created a
pendulum which I call the forms of
economy pendulum that simplifies the
whole thing for you by the way for some
of you that are visual we’re gonna put
this whole thing for a PDF for you to be
able to print share with others and kind
of look at and read through it again so
let me explain to you what this means
the first question anybody has to answer
when it comes down to capitalism
socialism communism
you know Leninism whatever you want to
call it is this added $100 that you make
this month or this week or today or in
the last two hours how much of this
hundred dollars are you willing to give
to the government in exchange for
certain services what percentage 30% 40%
50% of what percentage is it based on
what percentage you are willing to pay
that’s the form of economy you believe
in let me simplify for you if you say a
hundred percent which is not many people
if you give a hundred percent back to
the government that means you believe in
communism which means the government
gives everything for you they make all
your decisions in your life and you go
to work you wake up in the morning go to
work no matter how hard you work today
no matter how many books you read today
and ma’am no matter how much you
personally develop yourself you’re not
gonna get paid because the government
gives you a food milk drink juice place
to stay transportation all of that stuff
that’s it on the complete opposite end
if it’s 0% tax you say I don’t want to
pay any taxes well listen if you don’t
want to pay any taxes you have an an arc
you know what happens when there’s an an
arc here is what happens no rules no
regulations no laws you’re not protected
you can be living in a house with your
wife and kids somebody else can come
with a gun they’re stronger
they can kill you take your wife take
your kids and they’re not going to
prison there are no laws he’s not
getting arrested cops are not coming
nothing’s gonna happen your house is on
fire no one’s gonna come and take care
of that place because there’s not a
service to do it it’s zero percent
anarchy the last time we had an anarchy
I think it was in its Somalia from 1991
to 2006 and prior to that I want to say
was Albania when we had a Anarchy right
that took place but years ago there was
an arc in many many years ago today this
is the pendulum of the extreme far left
far right now capitalism is when you say
you know what I’m willing to give 10 to
35%
some people say I want to pay 10 percent
flat tax which means you make 100 grand
a year ten thousand dollars you make a
million dollars a year you spent a
hundred thousand dollars in taxes you
make fifty thousand dollars here you
paint five thousand dollars in taxes but
between roughly ten percent to thirty
five percent is considered taxes that
monies and it’s considered capitalism
that money goes to the government the
government gives you the basic service
of what you’re looking for we’re talking
security which means a military some
police the fire department you have
roads you have education you have some
of those things that’s being taken care
of right that like that for you now in
the middle here is when there is a major
mixture of capitalism and even more
socialism issues this is when you kind
of mix the two up so this is when you’re
at thirty five to fifty percent in taxes
where it goes a little bit deeper
somebody said oh I think we need to have
free health care free this free that and
then when you pass the tipping point of
50 percent this is when you’re at
socialism fifty percent plus this is the
conversation well I think we need to
have free food I think we need to have
free college I think we need to have
free pension I think we need to have
free like a Bernie Sanders thing my
mother will works very well with the
young audience because the 21 year old
the 20 row that’s in college right now
it’s very easy to bind to the concept of
free free free because rich people are
greedy and they suck and they’re
horrible now I name is Bernie Sanders I
want all these nice properties I Drive
an r8 but all these other rich people
are totally greedy but I’m not I’m the
good guy but these guys are terrible
people but it’s an easy concept to sell
very easy believe me I lived in a I
lived in a country where nine million
people revolted nine million it’s bigger
than the French Revolution you can go
read about it in Iran in 1979
February started from 77 December 31st
after Jimmy Carter put up the glass with
the Shah of Iran and he left the moment
he left Revolution started and it
dragged out cinema wrecks fire in Iran
at Abaddonn and all this other stuff I’m
born in October 18 1978 at the peak of
it when I was born there’s a guy named
Khomeini who got up and said we have so
much money we can give you free food we
can give you a free phone we can give
you free this and everybody said what a
savior what a noble concept he got
elected right so this is as simple as it
can be explain how someone would say
well Pat I think it’s a little bit more
technical than that let me explain to
you the same way this goes private
property on this side you don’t have any
private property because communism they
own your property ok capitalism you have
private property you can own property
can own your business you can all no
that’s that here socialism gets involved
because then it becomes nationalized
they want health care to all go through
the government they want banks to go
through the government they like Hitler
believed in socialism he was a fascist
but he believed in socialism all of
that’s going through the government we
controlled it we control it we control
it you knew your loans through us you do
your distil as you do your healthcare
through us because it’s all controlled
regulation decide a ton of regulation
you can’t even breathe here capitalism
you need regulation why do you need
regulation if you don’t have regulation
there could be a monopoly kind of like
there used to be monopoly with AT&T or
Microsoft you cannot have a monopoly
because then the small business owner is
being hurt who runs a mom-and-pop shop
and all this other stuff so there needs
to be some regulation too much slows
down business too little it’s a
doggy-dog fight and no one can survive
in an anarchy type of an environment
right here good amount of regulation
it’s safe taxes how much are you willing
to pay speech on this side you have no
freedom of speech a lot of people live
in China right now their forms of
economy could be capitalism which
there’s a lot of money to be made but it
comes down to you voicing your opinion
against the government you do not have a
freedom of speech because they’re still
running it in the communist that I still
have control over you on what you say
you can’t get up and create a youtube
channel and bash the rulers and all this
other stuff you cannot do that because
freedom of speech here free here
controlled this is your making process
here
somebody makes all your decisions for
you here you make the decisions for
yourself backed up by laws and
regulations owning business you own your
business here you don’t own business
your competition there is no competition
here right there’s a lot of competition
here okay
lots of competition here what’s a good
thing about competition if there’s no
competition you literally listen you
would not watch a single movie if there
was no competition do you would not
watch a single sporting event if there
was no competition
we love competition except we hate to
lose you and I we love watching other
people win or lose we just hate the one
with the one that’s losing we love
watching SportsCenter saying did you see
our batter when I was so embarrassed and
what a stupid I cannot believe he got
not that dad man up up and then Twitter
that thought thought thought thought
thought that but except when we lose we
don’t like it right we need competition
we love competition we we admire
competitors for having the courage to
compete on loose but so many people
don’t like it and last but not least
inheritance on here no inheritance
socialist you know on this side you know
they don’t like to you know have a rich
person when he dies his money goes to
his kids they say that’s not fair that
money should go to the government it
needs to go to the government because
the cup his this kids a spoiled brat I
cannot believe he’s willing to take this
money from his parents and you know what
he dies why should that 22 million
dollars go we should tax all of it right
this is what they say now let me give
you on the contrary the same people the
same people
liberals whatever you want to call them
that want to tax 100 percent of all the
wealth ease inheritance
let me explain a different way that
hopefully this will make sense to you
think about this generation today is
using the money of the prior generation
and the prior generation that they made
let me explain America gets start at
1776 then all of a sudden you have the
Rockefellers Carnegie’s JPMorgan Chase
all these guys come up and they start
creating Commerce and businesses and
then 80s and the 90s and the markets
getting bigger and governments bigger
are our GDP speaker we got all this
money coming in and then people say well
now that we’re rich we should use the
government’s money
to go out and come out with free health
care and free call because we can afford
it the same thing that they don’t like
what inheritance is the same thing they
like to do to inherit it the prior
generations tax dollars to put to use
lots of contradictions there to
understand this part now prior to me
going and answering the next question I
want to kind of show you the following
because a lot of times you’ll hear
people say well you know there’s so many
people that capitalism’s hurt and and if
there was a right noble leader in
communism or socialism this country
would be so amazing if there was
somebody that’s ran Noble because
communism if you think about it there’s
a part of it yourself well it’s kind of
Noble you know it’s kind of cool because
what’s the purpose of me having
everything I should give everything away
because that’s not mine anyways if there
was this beautiful noble leader that
came from the skies and it was so
beautiful and amazing and loving and
caring and he wasn’t driven by power or
selfish desires we would have the most
amazing country in the world well let me
tell you what happened when we have
these noble leaders that all of a sudden
realized they have so much power look at
the decisions they end up making now
before we go higher this major
recruiting company find this incredible
noble leader for us that’s gonna run
this country based on a socialistic and
communistic philosophy let me give you
some historical events and leaders on
how many people were killed because of
this leader or this event and by the way
remember this one life is way too many
lives lost think about how many people
in your life in life have died and
imagine that feeling that loss and take
it at the numbers that we have here let
me show you the first one here the first
one is the Hiroshima atomic bombing
70,000 lives were lost this is 70,000
too many here’s another one the Armenian
Genocide that was done by the Turkish
regime back in 1915 1.5 million lives
let me say again a 1.5 million lives
were lost 1.5 million you can watch the
movie promised by Christian Bale and
Oscar Isaac with Christian Bale and
Oscar Isaac you’ll see how emotional and
tragic these events are the same time
when Turkish regime did that to the
Armenians they also did it to the Greek
750,000 lives lost and the Assyrians
lost 300
thousand people that’s over 2.5 million
lives lost and that’s still not the
highest when you think about slavery if
you’ve seen the movie rosewood with Jon
Voight or if you’ve seen the movie 12
years as a slave I watched that movie
three times in the first week that came
out or if you’ve seen glory by Denzel
Washington and Morgan Freeman you see
and feel what many of these slaves
experienced during those years and
roughly it’s been said that 1.5 million
at a low to 5 million lives were lost
due to slavery here’s another one that
many many movies have been made about
you know but notice what you’ve read
about the star Holocaust Hitler and the
Nazis 25 million people were killed
Hitler believed in socialism 25 million
people were killed if he’s seen the
movie Schindler’s List with Liam Neeson
or if you’ve seen a movie The Pianist by
Adrian Brody you can actually get a feel
what they experience now as as tragic
this is as as terrible as this is with
the amount of people that were killed
during these events let me show you what
communism did here’s communism for you
it’s been estimated between eighty to
ninety four million people let me say it
again
80 million to 94 million people were
killed by a communistic regime and a
communistic leader here’s some number
for you number one Mao Zedong from China
who is a communist 45 million to 75
million Stalin from Russia
40 million to sixty-two million Lenin
from Russia four million Pol Pot
Cambodia communists 1.7 million to 2.4
million Ho Chi Minh from North Vietnam
also communist 1.7 million Kim second
son from North Korea communist 1.6
million Ethiopia 1.7 million Afghanistan
1.5 million South America I can give you
a lot of different ones on how many
people were lives were lost at these
events look here’s what to realize you
know somebody was asked it we were
having a debate over term limits okay
was actually at the home office by
somebody who was a Republican who wanted
to have more term limits and I said you
know what I’m not comfortable with
having people be a president or senator
or congressman for 20 30 40 years I’m
not comfortable with that
why
because you eventually get so much power
that you think you’re bigger than
everybody else and you can go and cross
the line what all of a sudden somebody
comes in that it’s only driven by power
that can abuse that power this is why
it’s good to have a president and be two
terms Max and no longer than two terms
because wouldn’t you like him or not two
terms later in eight years you can have
somebody else that’s typically gonna be
the complete opposite
you have Reagan then you have Bush
senior then you have Clinton then you
have Bush then you have Obama then you
have a truck it’s a pendulum and what
I’m not too happy being I’m not up and
this is why it’s kind of like this our
presidents show us like the Eagles right
we’re all too much to the left too far
to the right the point here for you to
realize is the following
capitalism is simply a mathematical
formula so is communism so socialism
it’s all a math formula and when it
comes into the capitalism formula it
produces results that’s simple communism
produces power control decision-making
for you
socialism forces you to give to
something you don’t want to give to
capitalism says listen you give me 30%
your money I’m gonna give you military
safety roads all this other stuff laws
that somebody can abuse you bully and
all that other stuff go do what you want
to do that concept works by the way for
some of you guys that are wondering
politically which way I lean I voted
left blue Clinton
I voted right and today I’m a registered
independent do you know why here’s why
they just saw the number on CNN this
last week and they said California used
to be a majorly a democratic state I
think today California is forty five
point six percent Democratic twenty five
point four percent Republican 25 percent
independent both the Democratic and the
Republican vote in California is going
lower and they’re getting more
independence you know why because people
are sick and tired of the games being
played on both sides both sides games
are being played both of them and the
reason why games are being played is
because the following reason let me
explain to you when you go into deep
into anything if you go and hang out
with gangsters or mobsters for a weekend
cool you have fun two weekends no
problem three months six months twelve
months later you’re kind of deep
three years later and you make a
commitment to go to a couple business
transactions you’re in too deep already
you can leave this is what’s happening
to a lot of our political people they’re
showing too deep on the left side or the
right side that they can’t come out and
say I’m wrong and for you as a young
person or whoever you are that’s
watching this my suggestion to do a
recap of this today you heard me talk
about the heavyweight matchup and the
the forms of economy the pendulum that I
talked about I want you to pdf download
the PDF that I have on the bottom click
on the link below to download the PDF go
through it and study the notes share
this watch this video with other people
and sit down and ask yourself do you
agree do you not agree what do you think
about this go watch the videos on Phil
Donahue with Milton Friedman go watch
old interviews of an or and you’re not
gonna find interviews with Karl Marx but
there are other people you can see that
make their arguments for communism or
socialism break you down for yourself
this just makes no sense to me I don’t
get I don’t agree with this guy create
that own opinion and you’ll see what it
comes back down to if you’re an open
minded person you can have a very hard
time arguing capitalism but the only
thing we’re really gonna be arguing is
what percentage of your hundred dollars
should be taxed so with this capitalism
series expect many other videos to come
have a lot of notes that I haven’t
covered yet many of them that have not
covered yet and it be coming out here
soon stay tuned for it and I want to
hear from you if there’s anything you
want to tell me about you can tweet me
I’ll respond back if you send me a
twitter my handle is Patrick bread David
and if you got anything you want to
comment on the bottom comment you know
whatever it is comment below as well if
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