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All Def SquADDCast

58: Who's Funnier; Old People vs Little Kids | SquADD Cast Versus | All Def

All Def SquADDCast

All Def

Improv, Comedy

4.9800 Ratings

🗓️ 25 January 2021

⏱️ 77 minutes

🧾️ Download transcript

Summary

Introducing the All Def SquADD Cast show “Versus".  It’s a podcast with the OG SquADD!  Each week, the SquADD will debate topics and vote at the end to see what wins. Versus airs every Monday and you can download and listen wherever podcasts are found. 

This week we debate
Who's Funnier; Old People vs Little Kids 
Only Eat Microwavable Food vs Only Eat Raw Vegan
Living On A Boat vs Living On A Bus

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Transcript

Click on a timestamp to play from that location

0:00.0

So he was like, and when his kids were born, he bought them houses.

0:03.1

I was like, wait, what?

0:04.1

He was like, I'll explain it to you, but he basically had a company that purchased the houses to

0:10.8

like rent them out, but then he added his children as babies to payroll.

0:15.4

So he's taking that money and he's stacking it.

0:18.0

So he doesn't have to pay like certain taxes on it.

0:20.5

So when they graduate, he's going to give them the money have to pay like certain taxes on it so when they

0:21.1

graduate he's going to give them the money and I was like wait what but not the house they would

0:27.4

own the house no because well I mean they'll have the house will be in their name technically but

0:31.9

they get around a lot of the taxes because of how he has them as employees. Yeah, he said it's different from a trust.

0:41.8

So he'll have a trust, but he was like, this is another way to like, I was like, wait, what?

0:47.7

He's like, yeah, it's all legal. He's like, so yeah, his kids are like seven and five and they got

0:52.5

houses, basically. I've heard a lot about a lot of business managers talk about that a lot of people with means, they don't buy.

1:00.8

This start, actually start with John Rockefeller.

1:02.7

He didn't actually own anything.

1:04.1

His companies owned everything, and then he just could use it.

1:08.4

And it's easier to pass things along in a trust. And you don't, if you die suddenly,

1:14.2

it's easier to pass things along that they're in a trust and you don't have to go through

1:17.8

probate in your cities, estate, sales, and power attorneys and all that stuff. Yeah.

1:23.1

That's where the front, the term trust fund baby came from. Oh, well, really I'll share him. Yeah, and I didn't know this for a long time. I just learned

1:32.0

this like a month or two ago. One of my homies was was putting me up on game with business

1:35.3

managers and trust and all that stuff. So it's not it's not what people assume, which means

...

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