Why There's No Such Thing as a Good Billionaire
Summary
TLDRThe video script critiques Patagonia's billionaire owner Yvon Chouinard's recent donation of his company to fight climate change, suggesting it's a tax avoidance scheme. It challenges the narrative of 'good billionaires' and argues that such wealth accumulation is undemocratic and harmful, using Chouinard's move as a springboard to discuss broader issues of wealth inequality and the historical context of billionaire philanthropy.
Takeaways
- 📝 Patagonia's owner, Yvon Chouinard, announced he was donating the company to fight climate change, which generated positive headlines and reactions, including from environmentalist Bill McKibben.
- 📱 Despite the praise, the donation allows Chouinard to potentially avoid billions in taxes and maintains control over the company through a family trust.
- 💲 The Holdfast Collective, a 501c4 non-profit, will receive profits from Patagonia and can use them for political contributions, unlike regular 501c3 charities.
- 💵 Chouinard's move is part of a broader trend where billionaires convert their wealth into political influence while receiving tax benefits.
- 💳 The video challenges the narrative of 'humble billionaires' by comparing Chouinard's public image to that of Sam Walton, highlighting the irony of their wealth and philanthropy.
- 💰 The Walton family's philanthropy in Bentonville, Arkansas, is contrasted with the economic impact of Walmart, suggesting that their charitable efforts mask broader societal harm.
- 💴 The script criticizes the billionaire class for using their wealth to consolidate power and influence, undermining democracy and equality.
- 💷 Historical context is provided by discussing the 'Gospel of Wealth' by Andrew Carnegie, which influenced modern billionaires' approach to philanthropy.
- 💶 The video advocates for policies that prevent the excessive accumulation of wealth and power and calls for a more equitable distribution of influence in society.
- 💹 It concludes by suggesting that supporting billionaires' charitable endeavors, without addressing systemic issues, is insufficient and potentially harmful to societal progress.
Q & A
What was the main reason behind Yvonne Chouinard's decision to donate Patagonia?
-Yvonne Chouinard wanted to ensure that Patagonia's commitment to the environment continued after his death, rather than selling the company to someone who might not share the same values.
How did the public and media initially react to the donation of Patagonia?
-The public and media reacted very positively, with many praising Chouinard as a 'good billionaire' and celebrating the move as a significant step against capitalism and for the environment.
What is the Holdfast Collective and how is it related to Patagonia's donation?
-The Holdfast Collective is a new environmental non-profit organization that received 98% of Patagonia's shares. It is expected to receive about a hundred million dollars a year in profit from Patagonia to use for environmental causes.
What is the Patagonia Purpose Trust and how does it fit into the donation structure?
-The Patagonia Purpose Trust is an entity that received 2% of the voting shares of Patagonia, allowing Yvonne Chouinard and his family to retain control over the company.
How much in gift taxes did the Chouinard family have to pay as part of the donation?
-The Chouinard family had to pay about 17 million dollars in gift taxes to execute the donation.
What is the potential downside of the donation as presented in the script?
-The potential downside is that the donation allows Chouinard to avoid billions of dollars in taxes and turns Patagonia into a political influence machine, which could be detrimental to democracy and the environment.
Why does the script suggest that billionaires' donations to charity can be harmful?
-The script suggests that such donations can be harmful because they allow billionaires to avoid taxes, amass political power, and perpetuate a myth that they are humble and altruistic, distracting from the systemic issues that allow for such wealth accumulation.
What is the significance of the Walton family's investments in Bentonville, Arkansas as mentioned in the script?
-The Walton family's investments in Bentonville symbolize how billionaires can use their wealth to shape public perception and create a positive image, while also highlighting the destruction of other communities due to their business practices.
What is the script's stance on the concept of billionaire philanthropy?
-The script is critical of billionaire philanthropy, arguing that it is often a PR move that allows billionaires to avoid taxes and increase their political influence, rather than a genuine effort to address societal problems.
How does the script connect the actions of Yvonne Chouinard to historical figures like Andrew Carnegie?
-The script connects Chouinard to Carnegie by highlighting how both used their wealth to promote a narrative of humility and philanthropy, while benefiting from systems that concentrated wealth and power in the hands of a few.
What solution does the script propose to address the issues raised by billionaire wealth and philanthropy?
-The script suggests that policies should be implemented to prevent the accumulation of such wealth in the first place and to redistribute power back to the people, referencing the New Deal era as an example of successful wealth redistribution.
Outlines
🌏 Patagonia's Donation: A Mixed Bag
The paragraph discusses the mixed reactions to Patagonia's billionaire owner, Yvonne Chouinard, donating his company to fight climate change. While many celebrated this act as a significant step against capitalism, the author expresses skepticism. Chouinard's public image as a frugal billionaire who accidentally built a $3 billion company is contrasted with the darker truth of his donation's potential to avoid billions in taxes. The author questions the sustainability of such a move, suggesting it's not as altruistic as it seems, and implies that this could be a strategy to maintain control and influence while avoiding financial responsibilities.
💼 The Holdfast Collective: A Political Influence Machine
This section delves into the specifics of the Holdfast Collective, a new environmental non-profit formed by Chouinard, which will receive significant profits from Patagonia. The author explains that while 98% of the shares were donated to this entity, Chouinard and his family retain control through voting shares given to the Patagonia Purpose Trust. This setup allows them to maintain control over the company indefinitely. The author criticizes this structure as a way to avoid taxes and convert a business into a political influence machine, arguing that it undermines democracy by concentrating power and wealth.
🏛️ The Walton Family's Influence: A Parallel to Patagonia's Story
The paragraph draws a parallel between the Walton family of Walmart and Patagonia's Chouinard, highlighting how both have cultivated images of humility and philanthropy. The Waltons, despite their wealth, are seen as humble and generous, similar to Chouinard's image. The author visits Bentonville, Arkansas, where the Waltons have invested heavily, creating a positive local image but also drawing attention to the broader economic and societal impacts of Walmart's business practices. This section challenges the narrative of billionaire philanthropy by illustrating the potential for such acts to distract from the negative consequences of their business empires.
📜 The Billionaire PR Playbook: A Historical Perspective
This section provides historical context to the billionaire philanthropy narrative, tracing it back to Andrew Carnegie's 'Gospel of Wealth.' The author argues that this idea of wealthy individuals giving away their fortunes has been used to justify and perpetuate economic inequality. It critiques the modern billionaires who follow this playbook, using figures like Mark Zuckerberg, Bill Gates, and Warren Buffett as examples. The paragraph suggests that these acts of charity are more about self-aggrandizement and maintaining power than genuine altruism, and it calls for a societal shift towards more equitable wealth distribution and political power.
🎥 Call to Action: Demanding Change
In the final paragraph, the author transitions from critique to call to action. He reflects on the video's creation process, thanking contributors, and then directly addresses the viewers. The author encourages viewers to think critically about billionaire philanthropy and to support policies that prevent the accumulation of excessive wealth and power. He suggests that by doing so, society can reclaim power for the people and create a more equitable and just world.
Mindmap
Keywords
💡Patagonia
💡Yvonne Chouinard
💡Climate Change
💡Tax Avoidance
💡Holdfast Collective
💡Political Influence
💡Billionaire Philanthropy
💡Democracy
💡Public Relations (PR)
💡Gilded Age
Highlights
Patagonia's billionaire owner Yvonne Chouinard announced he was donating the entire company to fight climate change.
Twitter and media celebrated Patagonia's donation as a significant move against capitalism.
Environmentalist Bill McKibben praised Patagonia's actions as potentially beneficial for the world.
The donation was criticized as a way for Chouinard to avoid billions in taxes.
Chouinard's public image as a 'Reluctant Billionaire' was questioned.
Patagonia has a solid environmental record, having donated over $140 million to various causes.
Chouinard's donation allowed him to avoid gift taxes that would have been due on a sale to his children.
98% of shares were donated to a new environmental non-profit, Holdfast Collective.
The remaining 2% of shares were voting shares given to the Patagonia Purpose Trust, controlled by Chouinard's family.
Holdfast Collective, a 501c4, can use its funds for political contributions and campaigning.
Chouinard's family will continue to control Patagonia and wield political power.
The story of Chouinard's donation was compared to other billionaires' similar moves, such as Barry Diller.
The Walton family of Walmart was used as an example of billionaire philanthropy with a darker side.
The narrative of the 'humble billionaire' was critiqued as a marketing tool to distract from wealth accumulation.
The concept of billionaire philanthropy was traced back to Andrew Carnegie's 'Gospel of Wealth'.
The video calls for policies to prevent the accumulation of excessive wealth and to redistribute power.
A call to action for viewers to support policies that promote wealth redistribution and societal benefit.
Transcripts
so Patagonia the company that makes
overpriced vests for Tech Bros who
pretend to be outdoorsy got a metric
fuckload of good headlines this month
when their billionaire owner Yvonne
chenard announced that he was donating
the entire company to fight climate
change Twitter exploded in Jubilation
The Washington Post said finally a
billionaire willing to smack back at
capitalism even the Beloved
environmentalist Bill McKibben said if
every company was as decent as Patagonia
the world would work better and people
would be cozy all winter now this is a
wonderful story I would love to believe
that there's a good billionaire out
there looking out for the planet from
atop his pile of money but you can feel
what's coming can't you I mean I
wouldn't be making this video If there
weren't a darker truth to expose am I
really going to do this am I actually
gonna disagree with Patagonia the media
and Bill McKibben a man I deeply respect
and admire and tell the world why this
feel-good story is actually terrible
[ __ ] yeah I Am Not only was this
donation designed to help chanard avoid
billions of dollars in taxes the fact
that it's even possible for a
billionaire to pull this maneuver is an
unmitigated disaster for the planet and
for our democracy and when we swallow PR
like this we are literally falling for
the oldest billionaire [ __ ] in the
book now a lot of people found this
story believable including me at first
because it fits chanard's carefully
cultivated Public Image he's been
described for years as The Reluctant
billionaire a Frugal rock climber who
just loved making gear for his friends
then tripped and accidentally started a
three billion dollar company people tell
stories about chanard eating cans of cat
food to save money and he famously still
drives a Subaru instead of a fancy car
the dude supposedly doesn't even own a
cell phone which is maybe why he doesn't
know that human food is just as cheap as
cat food you weren't saving money Yvonne
you were just being weird and as far as
corporations go Patagonia does have a
solid environmental record they've
donated over 140 million dollars to a
huge number of organizations promoting
everything from land conservation to
biodiversity to sustainable agriculture
to the end of fossil fuels now shinard
said that he wanted the company's
commitment to the planet to continue
after his death so instead of selling
the company to some Corner cutting
capitalist who would start powering the
fleece vest factories with coal and I
don't know cancel the Batgirl movie
again he decided to donate all of his
stock to a non-profit organization with
a mission of helping the planet in a New
York Times piece so glowing it might as
well have been written by his publicist
chanard said that hopefully this
donation will influence a new form of
capitalism that doesn't end with a few
rich people and a whole bunch of poor
people and his own accountant said that
he'll receive no tax benefit for his
donation whatsoever but if you want the
straight story about a Billionaire's
finances it might make sense to ask
someone other than the guy who cooks the
books for him the truth is if shanard
really just wanted to make sure that
patagonia's value stayed intact he
didn't need to donate it to a non-profit
he could have just given all three
billion dollars worth of shares to his
kid kids they could have kept running
the company according to Daddy dearest
wishes and lovingly rapped about him at
corporate board meetings so why didn't
he do that simple he would have had to
pay 1.2 billion dollars in gift taxes
and ivonne's a good billionaire so he
doesn't like paying taxes I mean why
should he have to pay for the roads his
products are transported on the schools
and universities his workers are
educated at the GPS system that he uses
to track his shipments and the
government research into heart attacks
and cancer that have kept him alive
until the ripe old age of 83. I mean
he's self-made right he did it all by
himself now I know what you're thinking
Adam he didn't pay taxes because he did
something better he donated it to
charity well let's take a look at how
charitable that donation actually was 98
of the share donated were given to a
brand new environmental non-profit he
formed called the holdfast collective
kind of a weird name sort of sounds like
a mid-2000s Brooklyn Indie band but more
about that in a second the other two
percent though were shanard's voting
shares these are the shares that let you
actually control what the company does
and these shares were given to something
called the Patagonia purpose trust which
is solely controlled by shanard and his
family what this means is that even
though all the headlines said shanard
was donating the company to charity he
and his family will continue to control
Patagonia forever you know I didn't know
that was how donations worked when I
donate my car to 1-800 cars for kids I
can't show up the next weekend and take
it for a joy ride but Yvonne and his
family can now the family did have to
pay about 17 million dollars in gift
taxes to execute this maneuver but don't
forget they already saved 1.2 billion
dollars by donating the other 98 to
charity so they came out roughly 1.2
billion dollars ahead that shit's not
even a rounding error so what about that
other 98 and who exactly is the holdfast
collective well they're actually pretty
mysterious they don't even have a
website and when you Google them you
just find a bunch of Reddit threads of
people asking what the hell is the hold
fast Collective but what we do know from
The New York Times is that the hold fast
Collective will receive roughly a
hundred million dollars a year in profit
from Patagonia and that they plan to use
that money to influence the U.S
political system see regular nonprofits
are what's called
501c3s
501c3s are required to use the money for
charitable purposes and are barred from
making political contributions but the
hold fast Collective is a 501c4 and that
means it's allowed to use that money to
donate to politicians super Pacs and
even to conduct direct political
campaigning and since it's safe to
assume that the Hulk fast Collective is
going to be basically run by the chanard
family considering they founded it and
control its money supply that means
Yvonne was able to take his three
billion dollar company and turn it into
a three billion dollar political
influence machine tax free he didn't pay
capital gains tax on the growth of the
company he didn't pay the income tax
that I would have to pay before I donate
to my favorite 501c4 and he definitely
didn't pay the gift taxes you normally
have to pay pay if you want to give
three billion dollars in money and
political influence to your kids that's
right Patagonia made the jackets but it
was the rest of us who got fleeced
that's a Patagonia pun let's be clear
because of their control of Patagonia
and holdfast shanard's descendants are
going to wield massive political power
for their entire lives they're going to
be invited to meetings with powerful
elected leaders they'll be flown around
the world to conferences they'll be
lauded as great philanthropists until
the day they die when their kids will
take over as money bags in Chief chanard
has turned his money into permanent
political power for him and his
descendants and I do not think he should
get a tax break for doing it and look
I'll Grant shanard's good intentions
here I think that in addition to wanting
to save money on his taxes he and his
family are motivated by a sincere desire
to help the planet and I think Their
donation taken in isolation will do that
but we can't take it in isolation
because shanard is not the only
billionaire pulling this move and the
other billionaires are a lot less cuddly
than Mr puffer vest for the planet let's
talk about a different billionaire named
Barry side the wonderful investigative
journalism outfit propublica did an
expose this year on side when he pulled
the exact same move as Yvonne he donated
his entire Fortune to charity but
Twitter in the New York Times didn't
throw a party in Barry's honor why
because the charity he donated to was
run by Leonard Leo the right-wing
activist who spent the last couple
decades stacking the Supreme Court with
radical conservatives you know the same
conservatives who recently overturned
Roe v Wade and banned the EPA from
regulating greenhouse gases cheering on
chanard's abuse of the system just
because you agree with his cause doesn't
make sense it's like cheering for a
baseball player who does steroids sure
it's nice when he hits a home run for
your team but when all the other teams
are doing it too you get your ass kicked
and it kind of [ __ ] the game up it's
also how to put this the opposite of
democracy see everyone sees the world
differently and everyone has different
needs and that means that no one person
has all the answers so the central
Insight of democracy is that we need to
spread power widely and diversely among
many different types of people if we
want to solve our biggest problems but
billionaires like shanard are doing the
opposite he's hoarding power even if he
feels that he's using it for good but
why should the owner of a fancy clothing
company get to decide what's good or not
why don't we all decide it together you
know maybe the billionaires could kick
in their fair share to a communal pool
of money we all contribute to and then
we could vote on what to spend it on I
don't know just a crazy idea I found on
this Dusty old scroll but no instead out
our system allows a few wealthy people
to amass disgusting amounts of wealth
and then gives them a tax break when
they use it to influence our political
system and that is no way to run a
society democracy only works when
everybody has a voice so instead of
applauding chanard we do a lot better to
take that power back for ourselves now I
think that argument is pretty
straightforward open and shut video
could end right there except that when I
posted about this on Twitter I was
deluged with hate from Angry billionaire
fans and I started to realize that
something deeper is going on here I mean
people really love this cat food eating
Subaru driving humble billionaire who
cares and they get very mad at you if
you criticize him I mean he's got a
great brand and people love it I love it
too I love my Patagonia jacket when I
wear it I feel like I'm in that Wes
Anderson movie where Bill Murray is sad
in the 60s no not that one the other one
no not that one the other one no not
that one the other that's the one thank
you all right there's three more though
but here's the problem that story that
brand isn't real it's PR it's marketing
it's spin baby let me tell you about a
little place called Bentonville Arkansas
so a few weeks back I was booked to MC
an event at Crystal Bridges Art Museum
in Bentonville a beautiful small town in
Northwestern Arkansas that also happens
to be the home of one of the most lavish
and expensive art museums in America why
there well a clue might be in the name
you see emblazoned all over town Walmart
Sam Walton opened the first Walmart
store in Bentonville in 1962 and now
that is the largest retailer in the
world yes larger than Amazon its
headquarters are still in Bentonville
Sam Walton is now dead but his kids the
11th 12th and 13th richest people in
America have poured money into the town
they've built miles of bike trails all
around the surrounding area they've
preserved the beautiful historic town
square and they've built a 200 million
dollar Art Museum but that's not the
only Museum I visited in Bentonville
that weekend housed in a replica of an
old-fashioned Five and Dime Store is the
Walmart Museum a monument to Sam Walton
humility and humble decency they have an
exact replica of his shabby home office
which actually like brought a tear to my
eye because it reminded me so strongly
of my own grandfather's office when I
was a kid and according to this Museum
Sam hated money so much that he drove a
beat up old truck and to prove it they
put the beat up old truck in the museum
holy [ __ ] swap the pickup for a Subaru
and this could be the Patagonia Museum
now there's something a little perverse
in building an entire Museum to tell
people how humble and Thrifty you are
but it works people in this town Love
The Waltons and when I struck up a
conversation with them they talked about
The Waltons like they were family
because of The Waltons investment the
population of Bentonville has sex tupled
property values have skyrocketed oh and
don't forget the world-class Art Museum
they built in town where Bentonville
residents can chill out and look at a
rothko listen to an artist of color give
a talk or visit one of yayoite kusuma's
famous Infinity rooms when I was waiting
in line for this exhibit I overheard two
teenagers talking about how they had
never been to an art museum before and
hearing that you know made my heart
swell up like this is a part of the
country that has been left out of
cultural investment for a century and
The Waltons are changing that that is
unequivocally a good thing but there's
also a deep irony in Bentonville that
makes visiting it almost creepy because
even though the Waltons have preserved
this perfect American small town they
only had the money to do so because they
have destroyed the downtowns of so many
other cities in America according to a
2008 study from MIT Walmart was
responsible for 40 to 50 percent of the
decline in small discount stores like
the ones their Museum was built to
resemble other researchers found that
when Walmart comes to town it correlates
with increased obesity higher crime
rates and lower overall employment in
that area and this proves that the
narrative Sam Walton spun about himself
that he never cared about money he was
just a humble guy who loved giving back
well it [ __ ] there are no accidental
billionaires the only way to make that
kind of money is on purpose this dude
devoted his life to building the biggest
most profitable company he could and
then he used that money to tell a sweet
and cuddly story about himself to
distract from all the evil [ __ ] he did
and even though I don't think the
average Patagonia wearer is a big fan of
Walmart it Bears pointing out how
closely the story chinard tells about
himself resembles Waltons The Reluctant
billionaire rock climber who doesn't
care about money drives a beat up old
car and loves giving back is a great
story but it's also marketing and
shanard tells it because it benefits him
and Patagonia to do so I mean how many
made in Vietnam puffer vests have they
sold over the years because somebody
looked at them and said hey he's the
good billionaire I'm gonna help him save
the planet hell if you go to
patagonia.com right now they are using
that story to sell you more overpriced
crap but look none of this is new the
truth is that billionaires have been
telling this story about themselves
since the first proto-capitalist took
his first quivering steps out of the
money swamp let's do a quick review of
the billionaire [ __ ] Hall of Fame
Mark Zuckerberg got incredible headlines
when he said he was donating his fortune
to charity in 2015. then it turned out
the charity was just an LLC he controls
that invests in for-profit businesses
for years people have described Bill
Gates as saving the world he even made
his own Netflix documentary about what a
generous genius he is of course that's
before we learned he's a Serial sexual
harasser who became best buddies with
Jeffrey Epstein after he was convicted
of sex crimes bill was like oh this
dude's a sex offender well what's he
doing Thursday and finally Warren
Buffett a man who Decades of PR have
described as so saintedly Frugal that
websites post listicles about how you
can live as cheaply as him with tips
like eat a cheap breakfast yeah I'm
pretty sure if I ate Egg McMuffins all
day it wouldn't make me a billionaire
I'd just have a heart attack I mean this
article literally says that Warren
Buffett Clips coupons no he [ __ ]
doesn't are you trying to tell me that
Warren [ __ ] Buffett gets up on a
Tuesday goes and gets the newspaper
office porch takes out the advertising
section and a pair of scissors and says
oh look Skippy is on sale [ __ ] you how
gullible do you think we are you know
how Warren really saves money by not
paying his taxes when propublica got a
leak of billionaire tax returns Buffett
was found to pay the least of any of his
fellow plutocrats dude made 24 billion
dollars between 2014 and 2018 and paid a
true tax rate of 0.1 even greedy little
piggies like Bezos and musk can't touch
that instead of paying the public the
money he owes us Buffett has famously
pledged to give away his money to
charity which charity you might ask oh
just the one is Buddy Bill runs with the
ex-wife he cheated on Wow billionaires
donating to billionaires brings a tear
to your eye doesn't it now if all of
this weren't enough for you it becomes
piercingly clear that the entire concept
of billionaire chair already is [ __ ]
when you look at where it originated in
the Gilded Age of the late 19th century
the OG evil monopolist Andrew Carnegie
wrote an essay called The Gospel of
wealth in which he famously argued that
is the responsibility of the wealthy to
give away their fortunes during their
lifetimes he even argued that as the
duty of a rich man to set into an
example of modest unostentatious living
shunning display or extravagance so
shinard and Walton weren't radicals by
driving beat up old cars they were
literally taking their instructions from
Daddy Carnegie now critically Carnegie
argued for that kind of Charity because
he believed that the system that gave
him such unimaginable wealth was a good
thing and that it was inevitable it was
just the way of the universe but even at
the time in the late 19th century
Americans knew that this was [ __ ]
they knew that Carnegie's wealth was the
result of a broken system and that it
came at the expense of the customers he
gouged the workers he exploited and the
political system he dominated a
political system that insured workers
had no right to organize no minimum wage
and allowed plutocrats to hire thugs to
beat the [ __ ] out of them whenever they
asked for their fair share Carnegie's
Gilded Age concealed a rot at the core
of the economy and in the years after
his death the country went through a
little something called the Great
Depression huh turns out letting so much
wealth accumulate in so few hands wasn't
a great idea the New Deal that Franklin
Delano Roosevelt launched in response
was strongly influenced by progressive
reformers who were alarmed at the
excesses of Gilded Age plutocrats like
Carnegie Roosevelt introduced stronger
labor protections a minimum wage strong
Anti-Trust enforcement so that
monopolies couldn't form and perhaps
most importantly a high level of
Taxation on the wealthy and it worked
the labor movement flourished which led
directly to the creation of the American
middle class average Americans average
white Americans anyway weren't able to
make a living wage save for retirement
and build wealth of their own wealthy
people still existed and they were still
able to make money but the age of
Titanic billionaires running the country
as their personal Empires seemed to be
over if you're trying to remember who
the Mark Zuckerberg of the 1950s was
I'll give you a hint there wasn't one
but over the following decades starting
in the 70s and 80s the policies that
created this incredible level of
prosperity started to be dismantled
deregulation of the financial industry
weakened Anti-Trust enforcement tax cuts
welfare reduction and the gutting of the
labor movement all contributed to
skyrocketing inequality most people
average Americans saw their wages
stagnate or fall but the rich did well
and the very rich did very well and the
obscenely rich did obscenely [ __ ]
well and the result is that today the
top 0.1 percent own nearly as much
wealth as the bottom ninety percent
today we are living in a new Gilded Age
in which billionaires are allowed to
amass massive wealth and then convert it
into political power tax-free so they
can run the country while everyone else
suffers and it's an age in which we
swallow the same tired myth over and
over again that these billionaires are
humble they don't really like money and
that they're Heroes for giving it away
in ways that just happen to increase
their own power and the purpose of this
myth this lie is to distract us from the
fact that this system is bad for the
planet and disastrous for our society so
no I'm not going to applaud shanard for
donating his money to the planet instead
I think we need to demand policies that
prevent guys like him from amassing so
much money to begin with and that put
power back in the hands of the people
where it belongs and I promise if we do
that and we can do it because we have
done it before
you can keep your jacket hell you can
get a few more jackets maybe you'll even
be able to afford an actual trip to
Patagonia instead of wearing it on a
logo you bought at the mall
hey guys this is the first YouTube video
I've done like this I want to thank Sam
Rodman and Brian Franz you helped me
write it if you enjoyed it I believe the
parlance is smash that like button hit
subscribe leave me a comment if you
enjoyed it if you really enjoyed it you
can support me on patreon at patreon.com
Adam Conover thanks so much for watching
see you next time
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