Shocking Video Shows the Extent of U.S. Wealth Inequality. Get a Reality Check on the Economy!
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READ the Transcript of this VIDEO in the description below Evan Klassen on The Mission To Inspire Entrepreneurs and Entertain the World w Music Facebook https://www.facebook.com/EvanKlassenVIP Twitter https://twitter.com/EvanKlassenVIP https://www.evanklassen.com Transcription of this video there's a chart I saw recently that i can't get out of my head a Harvard business professor and economist passed more than five thousand americans how they thought well was distributed in the united states this is what they said they thought it was dividing the country fireproof groups at the top bottom and middle three twenty percent groups they asked people how they thought the wealth in this country was divide any ask them what they thought was the ideal distribution in ninety two percent that's at least nine out of ten of them said it should be more like this in other words more equitable than they think it is now that practice telling admittedly the notion that most americans know that the system is already skewed unfairly to what's most interesting to me is the reality compared to our perception the ideal is is far removed from our perception of reality as the actual distribution is from what we think exists in this country ignore the ideal for a moment she was really think it is again and hear is the actual distribution shockingly scheme not only to the bottom twenty percent and the next twenty percent the bottom forty percent of americans barely have any of the twelfth i mean it's hard to even see them on the chart but the top one percent has more of the country's wealth then nine out of ten americans believe the entire top twenty percent should have mind-blowing but let's look at it another way because my father struck kind of difficult to wrap my head around instead let's reduce the three hundred eleven million americans to just a representative one hundred people make it simple here they are teachers coaches firefighters construction workers engineers doctors lawyers some investment bankers to c_e_o_ media celebrities mellissa line them up according to their wealth poorest people on the left wealthiest on the right justice steady wrote folks based on their networks will color code them like we did before based on which twenty percent quintile they fall into now let's reduce the total wealth of the united states which was roughly fifty four trillion dollars in two thousand nine to this symbolic pile of cash sisters among our own s wells pure socialism all the wealth of the country distributed equally we all know that won't work we need to encourage people to work and work hard to achieve that goal american dream and keep our country moving forward here's that might be your cast point about something like this occurs this isn't too bad we've got some incentive as the wealthiest folks are now about ten to twenty times better off in the poorest americans but hey even the poor folks aren't actually poor since the poverty line has stayed almost entirely off the chart we have a super helping middle-class but this man transition into wealth and yes republicans and democrats alike chose this curve nine out of ten people ninety percent said this was a nice ideal distribution of america's well but let's move on this is what people think america's wealth distribution actually looks like thought as equitable clearly but for me even this still looks pretty great yes the poorest twenty to thirty percent are starting to suffer quite a lot compared to the ideal and the middle class is certainly struggling more than they were while the rich in wealthier making roughly a hundred times that of the poorest americans in about ten times that of the still healthy middle class sadly this isn't even close to the reality here is the actual distribution of wealth in america the poorest americans don't even register they're down to pocket change in the middle class is barely distinguishable from the poor in fact even the rich between the top ten and twenty percent i'll are worse off all the talk in person are better off and how much better off so much better off at the top two two five percent are actually off the chart this scale and the top of one percent this guy what his stack of money stretches ten times higher than we can show dishes stack of cash respect all by itself this is the top one percent we've been hearing so much about so much green in his pockets that i have to give him a whole new column of his own because he won't fit on my chart one percent of america has forty percent of all the nations well the bottom eighty percent eight out of every ten people or eighty out of these hundred only has seven percent between them and this only gotten worse in the last thats the max YouTube allowed
Comments
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1 % ers, when our clean water runs dry we're taking yours
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The greedy 1%disliked this video most likely
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the rich make their money if the poor want money they should make it and not make it off the goverment
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What about lottery winners
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had to stop at 5:18 to comment(open debate).
Just as you pointed out communism where everyone gets same wont work this is reason(at 5:18 (more like from 4:00 till 5:18) why capitalism wont work.
Capitalism is game and every game is rigged. Every video game this days needs constant patch updates to brake ''bugs'' of game and we sort of have so called political changes that can be sort of patch of business but its just not working.
Capitalism ends only one way. ONE WAY. All money ends up one way. So what you're showing as welt distribution today is just graph of capitalism progress so far.
Here is free info for you. More money winners have faster they will finish game. You said they tripled their income in last 40 years? I'll give you bet tip, they will quadrupled income in next 40 years. If you make calculations that means they will have 90% /+++ wealth under control. That being said they will have all wealth in next 50 years.
Long Story Short - Capitalism Game Over year 2066 in jun 6th.
Wish you all best / Nice video! Like ! Sub! -
Let missiles fly around the world, problem of the 1% is solved....what good will money do when the world is in shambles?
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Hey All! I enjoyed this video, it was fantastic,I earned from this tools, But I am getting more from 1STMILLIONROAD although it was launched last month.
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And I looooove being rich :) Poor people are cool - they make me look even richer <3
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nice turd of a video
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liberals are educated idiots
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capitalism's all fun and games til greedy bastards send all your jobs to china
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Capitalism is honest wealth. You know why those stars of the entertainment industry get so wealthy. It is because there are enough people who feel that what they offer is worth paying that much for. If you dont want it or need it, dont buy it. That is how it works. Honest capitalistic practices will result in deserved wealth. The owners of a company pay what they are willing to pay for the help they get running the business. You dont like that pay, dont work for them. You have a choice. But, if they are willing to pay top dollar for employees, they also have the right to require employees to meet the owner's desired standards/qualifications. It is totally a nature thing. Nothing natural about socialism. You get what you put in. "Usually", poor ppl tend to not put forth the efforts like living a lower lifestyle, staying off drugs, going to school, work harder than you are paid for so you are more valuable in the workplace, work hard to find a better job than the one you are in, stay away from that crowd that would drag you down such as those who dont do the things I just listed, quit wasting your money on trying to be just like a rap star or a celebrity or a fast and furious driver or some "cool" wanna be. Sorry, but your attitude and actions bring forth the fruit you live by, and if that fruit is fruit of poverty, you will live poorly. I know what it is like on welfare and to scrape by on less tasty foods and less of it. I got tired and detached myself from that crowd and started following a more successful crowd. I am living much better...not rich, but much better. People just need to bury their pride and realize and accept that they are currently dumber than they should be and they just need to look for a smarter path. Otherwise, I am happy for their poor lifestyle as it is most likely what they have chosen to live in themselves.
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This video is true. Whoever doesn't think this is a bigot.
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IMPROVE YOUR THUMBNAIL AND TITLE!!!
this is powerful stuff and it would be so much more shareable if you improved these aspects. -
Do you really believe that a surgeon and a butcher should be paid so differently? I mean, they're both just slicing things, right? It's total BS that just because some guy went to school for 8 years-- and does work that may save or forfeit someone's life-- that he gets paid more than someone who knows the difference between cuts of meat. Heck, I slice things at home all the time for FREE! INEQUALITY! THE SYSTEM IS RIGGED!
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What an incredibly childish and disingenuous video.
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Taking money from rich will never happen and never work. Better to try and get business to create more jobs. And how do you do that? Maybe tax breaks for keeping jobs in America? Tighter borders so no cheap illegal labour. Business has to be persuaded to expand and make jobs. Thats the only real way the poor will be better. Good old fashioned protestant work ethic needs spreading
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Then how come you can't ping the names of that one percent, or have the FBI on 'em faster than he can say money!". I mean, you're talking about 40% of the nation's wealth here, certainly it can't be hard for the government to find 3,000,000 people in possession of a total of around 22 trillion dollars, that's more than our country's national debt!
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This chart means jack shit, people in America that are poor, choose to be.
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What this video doesn't take into account is that the amount of total wealth has increased for everyone. The poor of 2015 have a better quality of life then the middle class in the 1970. The fastest way to create wealth is to invest with wealth. This is why the top 20% mainly Doctors, Lawyers, engineers have a higher percentage of wealth.
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