Name: 警告：美國經濟內部出現嚴重問題 (WARNING: Something is going deeply wrong inside US economy)
Uploaded: 2025-10-13T07:25:12.000Z
Duration: 20 min 33 s

There is something weird happening in the stock market.

程度副詞

Between 1998 to 2008, the stock market has grown by 16%, which is a very decent number.

在 1998 年到 2008 年之間，股市成長了 16%，這是一個非常不錯的數字。

情態副詞

But if you compare it to what's happening lately in the stock market, that's nothing.

但如果跟最近股市發生的事相比，那根本不算什麼。

Sometimes the stock market grows by 16% in less than a month.

有時候股市不到一個月就成長了 16%。

In the next 10 years, between 2008 and 2018, the stock market has doubled and grown by 101%, which is much more than the previous last 10 years.

在接下來的 10 年，也就是 2008 年到 2018 年之間，股市翻了一倍，成長了 101%，這比過去的 10 年多太多了。

And if you take the numbers after the 2008 crash, then this number is probably around 150% in the next 10 years between 2018 and 2025.

而且如果拿 2008 年崩盤後的數字來看，接下來 10 年，也就是 2018 年到 2025 年，這個數字大概是 150%。

But nonetheless, the stock market has grown by 137%.

It seems like with each consecutive year, the stock market is growing faster and faster and faster.

感覺上，每一年股市都在變得越來越快，越來越快。

And as if the fundamentals of the US Economy is changing.

彷彿美國經濟的基本面正在改變。

As if US Economy is turning into something that is favoring only the top 10 largest companies.

彷彿美國經濟正在變成一個只偏袒市值最大的十家公司。

一方面，這聽起來是個好消息。

The bigger the companies, the more taxes they will pay, the better everybody else is going to get.

公司越大，繳的稅越多，對大家都會越好。

These corporations, yes, they are making much more money than ever, but they are paying much less taxes.

這些公司，沒錯，它們賺的錢比以往多很多，但它們繳的稅卻少很多。

Over the last 30 years, the profits of these corporations has skyrocketed, but

在過去的 30 年裡，這些公司的利潤飆升，但

their share of taxes haven't actually grown much over the exact same period.

在同一時期，它們的稅收份額實際上並沒有增加多少。

The structure of the US Economy is changing.

It is moving into something called corporatocracy, where the power and wealth is moving from the hands of the government into the hands of a few corporations that are dominating the entire economy.

它正在轉變成一個叫做「公司寡頭政治」的體系，權力和財富從政府手中轉移到少數幾家主導整個經濟的公司手中。

When you hear something like that, it seems like a conspiracy.

聽到這種說法，好像有點像陰謀論。

But if you dig into the numbers, you will actually be shocked.

但如果你深入研究數字，你真的會感到震驚。

The total size of the U.S. economy is $30 trillion.

美國經濟的總規模是 30 兆美元。

And the U.S. economy is the largest economy in the world.

而美國經濟是全球最大的經濟體。

This is the most powerful economy that has ever existed in history.

On the other side, the total size of the US stock exchange is $65 trillion.

另一方面，美國股市的總規模是 65 兆美元。

So the only question is that how is it possible that the total size of the US Stock market is much larger than the total size of the US Economy?

所以唯一的問題是，美國股市的總規模怎麼會比美國經濟的總規模大這麼多？

It doesn't make sense because these companies are a fundamental or simply a part of the US Economy.

這說不通，因為這些公司是美國經濟的基礎，或者說，是美國經濟的一部分。

They must be a portion of the US Economy.

它們必須是美國經濟的一部分。

And the US Economy does not just makes up out of these corporations, but

而美國經濟不只由這些公司組成，

rather a huge portion of the US Economy are small businesses.

相反地，美國經濟的很大一部分是小型企業。

If you compare these numbers to the numbers to 2007.

如果你比較這些數字和 2007 年的數字。

Before the 2008 financial crisis, the total GDP of the United states was about $14.5 trillion, while the total size of the US stock market was about $18.5 trillion.

在 2008 年金融危機之前，美國的總 GDP 約為 14.5 兆美元，而美國股市的總規模約為 18.5 兆美元。

Yes, even back in 2007, the valuation of the stock market was bigger than the valuation of the US Economy.

是的，即使在 2007 年，股市的估值也比美國經濟的估值來得大。

But that number is much smaller compared to today's numbers.

但這個數字與今天的數字相比小了很多。

This is more than double than the size of the U.S. economy.

這比美國經濟的規模大了一倍多。

But investors look at this number and they're like the, this is an overvalued stock market.

但投資人看到這個數字時，他們會覺得，這是一個被高估的股市。

And they started massively selling off their stocks, which led to the 2008 financial crisis.

他們就開始大量拋售股票，這就引發了 2008 年的金融危機。

And the total size of the U.S. stock market has plummeted to $10 trillion.

美國股市的總規模也暴跌到 10 兆美元。

And the GDP of the United States was about $14.7 trillion.

美國的 GDP 大約是 14.7 兆美元。

So the total size of the US stock market back in 2008 was simply 70% of the US GDP.

所以在 2008 年，美國股市的總規模僅佔美國 GDP 的 70%。

Now take these numbers and compare them to today's numbers.

現在把這些數字跟今天的數字比較看看。

That's when you realize the fundamental change in the US Economy.

這時候你就會發現美國經濟的根本性改變。

You see, the system is designed in such a way that it favors the corporations while you're the one who is paying all of the taxes and funding the entire government and funding the system.

你看，這個體系設計的方式就是偏袒公司，而你卻是繳納所有稅收、資助整個政府和資助這個體系的人。

While these corporations, even though that they're making much more money than they have ever made, they're not paying taxes, they're not doing anything.

而這些公司，即使他們賺的錢比以往任何時候都多，他們卻不繳稅，什麼都不做。

They're simply enjoying and getting bigger and bigger and bigger.

他們只是坐享其成，變得越來越大，越來越大。

And the only people who are profiting and benefiting out of this system are the people who are investors in these companies, are the people who are running these corporations.

而這個體系裡唯一獲利和受益的，就是投資這些公司的人，還有營運這些公司的人。

I know that this sounds like a conspiracy, but look at the numbers.

我知道這聽起來有點像陰謀論，但看看數字就知道。

When you're making your money, you are probably paying taxes.

當你賺錢的時候，你可能需要繳稅。

Not probably, but certainly if you don't pay your taxes, you're going to go to jail.

不只是可能，如果你不繳稅，你肯定會被關。

The money that is left after taxes is your real income that you can go and spend on your lifestyle.

稅後剩下的錢，才是你真正能拿去花在生活上的實際收入。

And then you also have to pay sales tax and different kind of taxes after that.

然後你還得付銷售稅和其他各種稅。

That's not the system that corporations are following.

When you're a company, you first declare your revenue, but you don't pay taxes on your revenue.

當你是一家公司時，你先申報你的營收，但你不會對營收繳稅。

At the end of the day, you will be left with a profit or a loss.

最後，你就會剩下利潤或虧損。

If you're left with a loss, you don't pay taxes.

如果你是虧損，你就不需要繳稅。

If you're left with a profit, that's when you actually pay taxes.

如果你是獲利，這時候你才需要繳稅。

And but even that tax will be much Lower.

而且就算繳稅，稅額也會少很多。

So if you actually made $200,000, which is a decent income, you will pay different kind of taxes.

所以如果你真的賺了 20 萬美元，這是一筆不錯的收入，你會繳納不同種類的稅。

From federal taxes to Medicare to state taxes and so on and so forth.

從聯邦稅、健保稅到州稅等等。

Your taxes will be between 60 to $70,000.

你的稅金會在 6 萬到 7 萬美元之間。

And your effective tax rate will be between 30 to 35%, which is the expected tax rate for such a thing.

而你的實際稅率會在 30% 到 35% 之間，這也是這種情況預期的稅率。

But corporations in 2024 made $22.5 trillion.

但是，2024 年的公司賺了 22.5 兆美元。

Now the question is, how much taxes did they pay in 2024?

現在的問題是，他們在 2024 年繳了多少稅？

So their effective tax rate was about 2.2%.

所以他們的實際稅率大約是 2.2%。

And that's why if you pull out the data, who is funding the US government, you will find out that 95% of all the tax revenue comes from the average middle class Americans.

這就是為什麼如果你拿出數據，看看是誰在資助美國政府，你會發現高達 95% 的稅收都來自普通的美國中產階級。

And corporations are simply paying $500 billion even though that they have made $22.5 trillion.

而公司們即使賺了 22.5 兆美元，卻只繳了 5000 億美元。

There are different ways to reduce your taxable income.

有許多方法可以減少你的應稅所得。

There is something called an income, and then there is another thing that is called a taxable income.

有一種叫做「所得」，還有另一種叫做「應稅所得」。

Companies often use depreciation to lower down their taxes.

公司們常常利用折舊來降低他們的稅收。

If you're a business and you have built a building, you purchased a property, you build a vehicle, a car or a truck, you're instantly going to use some tricks to deduct most of the depreciation in the first year, even if you end up using that vehicle for the next 20 years.

如果你是一家公司，你蓋了一棟建築、買了一塊地、買了一臺車，你馬上就會用一些技巧，在第一年就扣除大部分的折舊，即使你這臺車接下來會用 20 年。

These accounting tricks allows the companies to maximize their depreciation and lower their taxable income.

這些會計技巧讓公司們可以最大化他們的折舊，並降低他們的應稅所得。

Another strategy that is pretty often used, especially in the last 30 years, is R and D.

另一個很常被使用的策略，尤其是在過去 30 年，就是研發 (R&D)。

You can take every money that you make, invest it back in your products, in your business, buy more planes if you're Amazon, build better iPhones if you're Apple, and

你可以把你賺到的每一塊錢，再投資回你的產品、你的生意，如果你是 Amazon，就買更多飛機；如果你是 Apple，就打造更好的 iPhone，然後

you can use that as a business expense and you don't have to pay taxes.

你就可以把這些當作公司開銷，不用繳稅。

you can say to the irs, well, we use this trillions of dollars to build a new iPhone.

你可以跟國稅局說，我們把這些數兆美元拿來打造新的 iPhone。

We haven't actually made any money or whatsoever.

So we don't have to pay a dime in taxes or pay your employees in stock options.

所以我們一毛錢的稅都不用繳，也不用用股票選擇權發薪水給員工。

A lot of companies today, especially the companies that have their stocks traded in the stock market, they pay most of their incomes to their employees in stock options.

很多公司，特別是那些在股市掛牌的公司，他們大部分的收入都是用股票選擇權發給員工。

They haven't paid a dime in tax, they haven't paid a dime of cash to them, but

他們一毛錢的稅都沒繳，一毛錢的現金都沒給，但是

they are receiving those stocks, which means that the company can take that stock compensation options and use them as tax deductions in their financial statements and reduce down their taxable income.

他們拿到了那些股票，這表示公司可以把這些股票的薪資選擇權，在他們的財務報表中當作稅務減免，降低他們的應稅所得。

When you're a business and you're starting, you're massively investing, you're taking money from investors and, and

當你是一家公司，剛開始的時候，你大量投資，你從投資人那裡拿到錢，然後

you are investing in a new product or you are entering into a new market and you will run for a loss for the next couple of years.

你投資在新產品，或者進入新市場，接下來幾年你都會虧損。

Sometimes if you are Amazon, you will operate at a loss for 18 years.

有時候如果你是亞馬遜，你會虧損營運18年。

And if you ever made a profit sometime in the future, you can take your previous losses and forward them and lower down your taxable income.

如果你未來某個時候賺了錢，你可以把之前的虧損遞延，降低你的應稅所得。

You have a company that does not operate or reports a profit for 18 years and suddenly you are a 2 trillion dollar business and Jeff Bezos is the wealthiest person in the world.

你有一家公司營運或報稅18年都沒有獲利，突然間你變成一家兩兆美元的公司，傑夫·貝佐斯也成為世界上最富有的人。

字幕列表影片播放

警告：美國經濟內部出現嚴重問題 (WARNING: Something is going deeply wrong inside US economy)

entire

essentially

potential

decent