4.8 • 1.7K Ratings
🗓️ 8 November 2021
⏱️ 6 minutes
🧾️ Download transcript
In today's video, Patrick Bet-David talks about what it really takes to move past a state of poverty.
Watch the full video: https://youtu.be/NpSoOpzbN-Q
Recommended video:
The 20 Rules of Money: https://youtu.be/D9cPAuZIigs
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0:00.0 | So listen, there's this misconception that money can cure poverty or hunger, but that is |
0:04.6 | the furthest thing from the truth. |
0:06.1 | Everybody thinks if you give this person $450,000, they will never be poor again. |
0:11.0 | If you pay people back money, if you go out there and help everybody get a million dollars, |
0:15.4 | they will live a better life. |
0:16.4 | If you give them UBI income, they're going to live a better life. |
0:18.9 | That is not true. |
0:20.5 | And here's why recently, the executive director of the UN World Food Program tweeted out |
0:27.2 | saying 2% of Elon Musk's net worth, which is around $6 billion, because he was worth |
0:32.1 | $300 billion at the time, can help solve world hunger. |
0:36.0 | So everybody's like, oh my gosh, he's so rich. |
0:39.3 | Why doesn't he take 2% of his money and $6 billion to make that happen? |
0:42.9 | Well, from that moment, some interesting things happen because Elon Musk responded and |
0:48.0 | he said the following thing. |
0:49.0 | He said, look, if you can prove to me that $6 billion will solve world hunger, I will |
0:55.6 | sell Tesla stock right now and do it. |
0:57.8 | But it must be open source accounting so the public sees precisely how the money is being |
1:03.0 | spent. |
1:04.2 | Then while this whole conversation is taking place, another person gets involved, a man |
1:08.5 | named Dr. Eli Davids says, 2% of Elon Musk's $6 billion in 2020, UN World Food Program, |
1:14.9 | which is WFP, raised $8.4 billion, how come it didn't solve world hunger? |
1:20.6 | So eventually, this executive director from UN Responds and says, well, I wasn't really |
... |
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