Name: America's Money Trap
Uploaded: 2020-11-27T21:01:30.000Z
Duration: 4 min 12 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

I will give you this money every month to buy food, so you take the money.

Transition words & phrases

But instead of spending all of it, you only spend $100 to buy food and the remaining $900 you buy luxury jackets and luxury vacations.

Because, you know, next month I'm going to give you another $1000 for food.

In a few months, I change my mind and don't give you money anymore.

But then I say I already gave you lots of money and you didn't spend it on food.

Sooner or later you will go hungry and starve.

During the coronavirus outbreak, for example, take the airline industry.

For the last 10 years, airlines in America have been making billions and billions of dollars in profit.

But all these profits they took out of the company and into the pockets of the shareholders and they kept only 4% off their profits for the company's survival.

This is called a stock buyback, and it's what many companies have been doing for the past amazing 10 years.

Out of every $1000 in profits, $960 went for stock buybacks and only $40 went to the company for the tough times.

With coronavirus, no one is flying anymore.

So all the airlines, hotels and cruise liners are about to go bankrupt in literally two months unless they ask the government for a taxpayer money bailout.

A trillion dollar stimulus to rescue the economy from the effects of this pandemic.

It could be the biggest bailout in American history.

When things go well, businesses keep all the money.

And when things go down, businesses ask taxpayers to help them.

Coronavirus is killing the world's businesses, including my business.

But unlike the airlines, my small business kept all the profits in the company so we don't go bankrupt.

While America's biggest businesses are abusing stock buybacks and America's tax payer money.

It's funny how the world works, isn't it?

If you're rich and you get in trouble, you need to be helped.

If you're poor and you're in trouble, it's your fault.

In America and in the rest of the world, we have socialism for the rich and capitalism for the poor.

Coronavirus is a serious threat and we need to help more.

But this time, let us give money to people who actually need food.

Stay home, stay safe and see you next week.

Thank you so much for watching the video.

There's gonna be a much better video coming your way.

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America's Money Trap

literally

scenario

tough

pandemic