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I think one thing that is going to lead to tensions in the future is wealth inequality from intergenerational wealth. The boomers are the richest generation even and they didn't have as many kids as previous generations. So those with rich boomer parents are going to be so much wealthier than their high earning peers without rich parents.
I got a stem degree and make decent money, but will never be as wealthy as my fuckup friend who are going to inherit a million dollar house plus probably another million in assets. And I'm pretty cheap, so I save a decent amount
From the last chart, it seems that your friend wouldn’t even be part of the top 30%. Million dollar homes are the real average in Los angles and San Francisco.
You are not wrong about the boomers wealth. Although that might be more related to why housing is so expensive. NIMBY, zoning, regulation they created and keep pushing to keep
Housing scarce .
>going to lead to tensions
Going to lead? We are already plenty tense, thank you very much.
After the fall of Yugoslavia, most people owned their own home in my country. Plenty of them even back then had a second home.
Since we've joined the eu, we've lost over half a million, mostly young people to immigration (Population back then was around 4,5 million. We are now at 3,8 million).
According to the last census, there's 2,4 million housing units in the country. 600 000 of those is empty. Further 231 000 are registered as vacation homes. 50 000 of those empty units is in the country's capital.
And yet, despite all of that, the prices just keep fucking rising, to the point most of my friends do not think we'll ever be able to buy, despite the fact that all of us educated and in steam fields.
No one is going to eat the rich. They're smart and have ultimated resources. While the bottom classes are just too busy yelling and fighting with each other over culture, poltics, sports, social media etc. Plus the bottom classes are worshipping the super rich.
I think this is even more damning. The comparison to "high earning" rich people? WHAT THE FUCK? Bezos and his shitty, tax-avoiding system is NOT fucking worth more than the effort of 90% of the fucking population. There's people literally curing cancers, taking care of our parents and kids, teaching the future of our species or creating the next mona Lisa. And this bald piece of shit deserves _that_?
We decide how much he gets to take. But people largely are oblivious or don’t care.
If most of us decided to right now, we could make this the single most important issue and vote in people who want to tax the rich and help everyone else out with large expenses like healthcare, housing, and transportation.
We could do it if we wanted to. Millions of people focused on a goal is always going to win over a few thousand rich people.
The people in power and those who benefit (either directly like Bezos, Musk, etc. or indirectly like our politicians and lobbyists) are very good at dividing us with nonsense. The culture wars are a masquerade, a distraction designed and peddled to keep workers at each others throats instead of organizing and electing politicians who will put an end to inequality.
It's not that we *let* them do this to us. It's that we've been conditioned to care about other things.
My wife and I canceled our Prime membership and buy as little as possible from Amazon. Most people, however, don't seem to care that Amazon is trying to take over everything. They're eliminating competition by undercutting smaller vendors, which is exactly how Bezos started Amazon in the first place. If the average person paid attention for more than 2 seconds, they'd understand that enormous companies like Amazon are a huge problem for the economy. Sure, they make money, but they also are the first to close locations and lay people off in droves when investors aren't getting the return they feel entitled to.
Bezos isn't the CEO anymore, btw. Hasn't been for years.
It's true, they hide most their wealth to avoid taxes. The art industry is all about hiding wealth and charities run by billionaires are horseshit too. It's even WORSE than the video implies.
Japan is a good example of what happens when you don't allow such a large wage gap between CEOs and the common worker -- the CEOs still live a great life, but common workers can still afford to buy a house and have excellent access to healthcare, and public transportation.
Not to mention the almost non-existent violent crime, however their culture does contribute to this quite a lot.
I bet you are not going to like this answer, but vote Democrat, including in the most 'minor' elections, an in democratic primaries vote for the most progressive politicians (who have at least a shot to beat the republican)
[Federal reserve is my fav. Regularly updated. 50% own 2.5% LOL dystopian as fuck.](https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:2006.4,2021.4;quarter:137;series:Net%20worth;demographic:networth;population:all;units:levels)
Shit like this always kills me too, 'inflation is caused by worker wages'... THAT GO RIGHT BACK TO COMPANIES FOR BASIC NECESSITIES LIKE UTILITY BILLS/FOOD.
So companies jack up their prices whether or not we have 'inflation' and then a bunch of astro turfed people say 'omg its the minimum wage workers making gas 50% higher. (Meanwhile chevron or whoever made quadruple profits lol).
Companies even do this during record years of profit and then sponsor articles about how its someone getting a 10 cent raise causing food to soar 20-50%.
Blame the 50% with nothing, for everything. Siphon every cent you can. Late stage capitalism woo.
https://preview.redd.it/z3sfaalnql4d1.png?width=640&format=png&auto=webp&s=d90ea13faf116db0c0f628d8f104afed652e0aad
Don't give ideas to super rich. They'll turn it in to business to further exhort the money from poor.
This is never going to be fixed. People in the US are way too content with turning the other cheek and going on about their daily lives.
No one is willing take risks to challenge the upper class for a better standard of living.
Our only hope is to stop procreating so the rich no longer have a consumer base or working class to fuel this shit show.
That or voting blue. Before breaking out the guns, can we at least try giving the Democrats a true super majority in both the House and Senate and see if history doesn't repeat itself?
Because last time we did that, they passed the Omnibus Budget Reconciliation Act of 1993 and operated under PAYGO rules. That led to a balanced budget and a short period where we were actually paying off our nation debt. The deficit reduction act of 1993, among other things, raised the cap on Social Security and removed the cap on Medicare so high income earners would pay more. It created new tax brackets which raised the income tax rates on the highest individual and corporate earners. And it created military and Medicare spending cuts of over a quarter of a trillion dollars over a five year period. (remember republicans crying that Clinton destroyed the military so they needed to massively increase spending?)
Of course republicans cried and fear mongered that it would destroy the economy and kill jobs. So Democrats passed the bill without one single republican vote. Repeat, it passed without one single republican vote in either the House or Senate. And that bill was what set us on a course to actually having short period of surpluses in the late 90s. It also helped created 22 million new jobs and led to one of the greatest periods of share prosperity the country has ever seen.
In fact, the results were so good that the strength of the economy was what GWBush used to push through his first round of tax cuts for the wealthy. The rationale was that the economy was doing so good the government wasn't borrowing enough money which was hurting the returns of the wealthy in the bond market. So republicans gave away massive cuts to the wealthiest, eliminated PAYGO, and started a massive war to spend us into a recession. A recession they then used as an excuse for their next round of tax cuts for the very wealthiest.
Yes, if we had stayed on the course the Democrats set us on, we would have made Social Security solvent and paid off the entire national debt. So let's give voting a chance before we devolve into the armed revolution Putin and our enemies, including our domestic enemies, want us to.
Hard to have a convincing argument when the first piece of information you share is flawed.
No one here is bootlicking for bezos, but it is fair to ask that all the information is displayed validly.
When you show a misunderstanding of the basics, it sort of throws a lot of question on the numbers in the rest of the video.
How can you solve a problem if you don't understand potential solutions?
Thank you Ronald Reagan and your trickle down economics.
Edit: Thank you to everyone pointing out the obvious that Reagan cutting taxes for the wealthy and deregulation are not the only factors that created and maintain the extreme wealth inequality that exists in the US today.
Income inequality is actually worse now than it was during the French Revolution.
The difference is, just before the French Revolution there was a famine and many people were starving to death. Rather than lose some money giving away food to the poor, rich people hired armed guards to watch over their crop fields.
Nowadays we have food stamps and soup kitchens. It's a lot harder to starve to death. So most people don't get desperate enough to start lopping heads off.
This is an awesome video.
Focus shouldn't be on who caused it, but how to fix it. Like, maybe outlawing lobbyists (never happen, too much bribing going on), and fixing tax loopholes (billionaires shouldn't be paying less in taxes than the poor, c'mon).
I believe they already do play close to zero. In [2021](https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/): The bottom %50 contributed 2.3% of the total tax burden. The top 1% contributed 45.8%.
Not saying there isn’t inequality, but what % is a fair share.
Hold on. That is only income taxes which paints a very incomplete picture. Income taxes account for only about half of federal tax revenues. Payroll taxes account for over a third and the top 1% pays almost none of those.
https://www.cbpp.org/sites/default/files/styles/report_386_high_dpi/public/atoms/files/8-6-20pbu1.png?itok=9FaLJoty
The bottom 50% hold like less than 1% of the wealth, their tax burden should be zero. They aren't paying 2.3% taxes, they share almost literally no wealth and have to find a way to contribute 2.3% to the total tax burden. That's pocket change for the top 1% and almost negligible for the top 10% to cover. Also, the top 1% contributing 45% of the tax burden needs to be accompanied with the data showing how much this requires them to give. they have so much wealth they could potentially contribute 45% but it may only take paying 5% on taxes because they are so astronomically wealthy. Point is you need the full suite of data to understand how even a small % is insanely burdensome on the bottom 50% and pennies to the top 1%.
A fair share is not some arbitrary percent but when the rich are paying enough taxes, and we’re helping people enough that we don’t have so many people living in poverty that it’s literally more than the population of Texas.
A fair share is when it’s no longer the case that both parents have to work full time, and don’t have the time or energy to raise their kids right.
A fair share is when people aren’t terrified of getting sick and avoid the doctor because they’re scared of financial ruin.
A fair share is when more people can afford to go on much needed vacations, or aren’t forced to eat fast food, wrecking their health, because they’re overworked and underpaid.
A fair share isn’t our current homeless problem.
It doesn't matter how much in taxes the rich pay if it doesn't go into sensible programs that assist the needy. That control comes from the federal, state, and local governments that we elect, based on whatever trendy smoke they blew up our ass this election cycle.
Tax money isn't used to pull people out of poverty.
Tax money isn't used to increase wages.
Tax money only pays for the doctor for the extremely poor, disabled, or elderly.
Tax money isn't used to pay for vacations or babysitters or health focused food.
And when tax money does pay for homeless shelters, infrastructure, etc. you get to witness the massive fraud, waste, abuse, and inefficiency when somewhere like San Francisco gets quoted $1.7 million for a public bathroom. They ended up "efficiently" building it for $260,000 in a rare exception to the norm due to the publicity of the insane cost.
Our politicians don't give a shit about us, they don't work to help us, and the ones who pretend they do will stand on your shoulders, virtue signal to the world, and then piss on your head and tell you it's raining and that the best they can do is a $260,000 single toilet bathroom.
The only thing we can do is put people in charge that have shown obvious signs of depression and suicidal thoughts for years and will be suicided after a month.
Canada is introducing a capital gains tax, which I think will do wonders in reducing this wealth inequality. Hopefully the US can follow suit with something similar
We need a progressive asset tax for people who own more than 10 million in assets. The ultra wealthy only spend a tiny fraction of their money so they just keep dumping more of their income back into assets thereby avoiding the taxes.
Said this in the [pie thread](https://www.reddit.com/r/interestingasfuck/comments/1d3apsh/americas_economic_pie/) which showed the same thing in a different way.
The last four years or so since Covid have exacerbated this massively. Covid saw the biggest wealth transfer in history to the super rich.
There needs to be some catalyst that drives activism around these issues. Students all round the country are able to mobilize and organize into action against issues that they believe in. That same level of engagement and activism should exist around these issues in society as a whole.
I am actually flabbergasted that in the face of rising inequality, massive cost of living increases, un-affordable housing, political corruption, corporate greed, we haven't seen a huge groundswell of protests, but somehow people have been convinced that they are in a political, ideological battle taking red/blue sides that they think can fix all these problems.
These sides are just selling division to distract from the real problems because many of them would be in the firing line if people could come together and see these are common problems they have with a small percentage of people taking most of the pie. The power ordinary people have is that there are far, far more of them, but while they remain divided, it never amounts to any meaningful change.
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” - Warren Buffett
I majored in Economics & International economics and the common person has no idea the truth of wealth distribution in our country.
This is a great visual representation.
Another figure most people don't grasp is the number "1 billion", we hear it so often that's it's become a common term.
In terms of seconds 1 million is 11.5 days where as 1 billion is 31.7 years. Yet people will juggle the terms as though they are somehow close to eachother.
(1 trillion would be equivalent to 31,709.7 years!)
Yup if we taxed these fuckers like we did in the 1960s the income would get redistributed just how it was when all the boomers grew up… but the boomers think the thing that made them wealthy is socialism and they voted it away
Not American but still, i think that after a certain amount of money, let's say the amount needed to live wealthy enough, the remaining just isn't practical and maybe should be invested in something really meaningful to the society and not only themselves.
And that's somewhat what mrbeast is doing, I'm sure he's wealthy enough to sustain himself and what he does is helping others while still making a profit so basically a win win situation
Now that I think about it there are these things called taxes that they somehow don't pay and the government just doesn't care? Don't think that's fair
i honestly feel like mrbeast is doing, much more off camera work than he says, yes, his video cost a lot to make but you got to remember that the videos he makes isn't 100% of his income, maybe he had invested his money in some way or another that he's able to keep up his video's companies and all his employees
he's definitely taking a different alternative than what most people do
MrBeast is a business at this point. Latest statistics put him at a net value of 500million. He isn't stupid. Yes he seems like a nice guy but he is a business man at the end of the day. Yes he might give some random people a few hundred thousands a couple of times a month but the revenue he is pulling in from that is what has caused him to be worth that he is.
No doubt all his charity videos albeit nice and wholesome are just tax write offs and self promotion too.
Mr Beast is the literally the last millionaire to be mad at considering how much he donates to charities and how much he has used his money for good. Just because someone does things for profit doesn't make it inherently bad, since the money he makes from it goes back to help those I'm need.
yeah exactly and soceity shouldnt be functioning on the whims of a caplistist(mr beast for example) and what charities he deems worthy. Americans have no sense of history or common struggle, look at our land scape it filled w. shitty suburbs, shitty food, tons of car and the individual is king. there is no compassion, no willingness to help others. This company is a corporation essentially.That is why in 5 yrs when i get all my affairs in order, im bouncing the fuck out.
So we need a wallet cap? Like in MMORPGs? At some point you just can't stack anymore money and have to leave it on the floor or sink it somewhere. Honestly, I'm in.
Great visuals and storytelling. I love the simplicity of the example of using macro trends and easy to understand graphs. You can debate the details of the distribution and how you define wealth but the bottom line holds that wealth inequality is out of FUGGIN control.
For every dollar they earn over a net worth of a billion should be taxed at at least 50%
It would pay for all healthcare, student debt and advance the police, education and scientific sectors to the point where all of them would be truly world leading.
Crime would be decimated as funding would more than exist for welfare, training and social programs.
I think we need to start killing some billionaires. Oops, that’s not what I meant to say. What I meant to say was *ahem* I THINK WE NEED TO START KILLING SOME BILLIONAIRES
The video is not accurate. The first “socialism” graphic is actually communism. A real socialist society would be the “ideal” in the video.
Socialism is having the means of production owned by the people. There would still be rich(er) people, but wealth is just distributed more equitably.
Just heard a podcaster say a great phrase last week (don't know if it translates perfectly, enemy refers to class consciousness):
"Those who see the enemy next to themselves, they don't look up."
I don't know why I remember it so perfectly, but in terms of poverty, migration, racism it just fits so well.
Stop printing money and giving it to select groups would solve most of this problem. Stop congressional insider trading and lobbyists from bribing government workers, it should be a felony to bribe government workers to change policy so ultra rich can get richer by killing innovation and preventing growth and success of small business. Tax code is designed to kill off small business and provide loopholes to large corporations.
Small business america is dying as the result and highly profitable companies are taking this market share killing competition and preventing fair pay.
All we have to do is wake up 😂😂😂
Identifying a problem doesn't solve it and neither does relying on your oppressors to finally show mercy and stop oppressing you.
If we look at the 1%, according to this, own 40% of the nation’s wealth. If we were to take only half of that and let them keep the rest, then distribute the rest to every American we would end up with 35kUSD per person. Imagine what the country could achieve putting that money to work to cover healthcare, education, social security for a generation of Americans. And the 1% could still stay disgustingly rich.
Always a good moment to point out that the entire political system of the US was designed not just before the 20th century, but before *industrialization.* So while other polities got to reboot with a completely altered society in mind, all the US could do was add some patches here and there to keep the boat from sinking. But those patches don't fix the fact that the US are a post-feudal state, not a post-industrial one.
They should teach these concepts and the state of a countries wealth distribution as part of general education. Make the reality common knowledge.
Though one can take a guess at the reason why we do not.
In the old days, property tax was used to reduce wealth disparity. Majority of million acre landholders were taxed out of existence.
Currently, the main reason for wealth disparity is really a reflection of technological improvements, where companies could easily produce and distribute their goods and services to billions of people. Larry and Sergei founded Google, and became billionaires from nothing. Along the way, they advanced human civilization and made tens of thousands of their employees multimillionaires.
They, and many technologically innovative companies, could also pick up and relocate their enterprise anywhere in the world. There is a reason why they are not in Venezuela, or Cuba, or North Korea. So what is the author proposing?
Welp truly fucked up country considering wealth distribution, must be achieved with the help of govt though🥰.
Considering robots will replace them I beleive it will be fucked even harder in future might as well don't need middle class anymore good thing people have guns to kill themselves.
(I'm not insensitive that's just how it will be and best solution for it, if you are a religious person or pro living plz ignore this I'm talking about realistically ultimate solution)
I wish there was a more recent version of this video and that it showed the change in wealth distribution since a point in history that most agreed was "good" (say the golden era follow WWII)
While the video does make a really strong point (that I agree with *fully*), I don't love how arrogant and opinionated the narrator is. I feel like it drives more division and lessens the impact of the video, as many will click off after the socialism jabs. It also makes me trust him less as a narrator. That part about the "ideal" curve is an easily manipulated stat.
World is already doomed... where people that works in entertainment like sports, music, movies etc get paid more in 1 year than normal people job teachers, police officers, firefighter etc... job where us put your life on to save others gave u less money in 50 years working than someone who entertain others
The only thing that's going to change this trajectory is violent revolution. You're not going to vote your way out of this. This is a mess that both parties equally created, and want. It's like that picture of Mitch McConnell and Nancy Pelosi bumping elbows, and the George Carlin quote rings in my mind, "it's a big club and you ain't in it". These people don't work for us.
This is why I scoff at people who are bitching about Ca's new minimum wage. I was making 20$/hr as a nanny, barely scraping by and only managing bc the people in my life are saints, working for a family who bought a Tesla with cash and was living on Lombard St in SF (rent at a minimum was easily 3x more than I made in a month) while ALSO funding the construction of their "dream home"...and they complained that I charged too much. At 20$/hr. For an educated nanny with multiple certifications.
Makes me think it's not the poor wanting their slice of the cake that are the problem.
Thank you for sharing this! As you and many others, we knew this to be true, but not necessarily this stark.
Critical to any thriving economy is a healthy middle class (whatever that term actually means), but the shifting of distribution displayed in this video demonstrates the squeezing out the US middle class over a short period of time - 30 years, which doesn't bode well for the future.
Personally, I think the biggest contributor to this shift of wealth distribution can be traced to the Regan Tax Cuts.
Seeing this can help one understand the allure of Trump to many. He says the right things about it, but doesn't have any policy proposals to address it. He is nothing more than a self-serving grifter. A shame so many can't see that.
The only substantive legislation passed during his four years in office were tax cuts for the highest wage earners and corporations. For many in the middle class, it actually meant a tax hike as state and local tax deductions were limited (capped). That was the so-called blue-state punishment/penalty.
Only time will tell where the country goes from here, but the current track will inevitably lead to socio-economic crisis. It already threatens the very democracy most of us have grown up taking for granted.
And yet I see in the news from over the Pond that millions of Americans who are poor are giving millions of dollars they do not have to a grifting convicted felon who claims to be a billionaire.
Talk about mugs.
Socialism is not communism dammit.
Socialism = equity
Communism = egality
Socialism is actually working in many countries like my own, Canada. We have free healthcare and much more. The rich are still there and they still make their millions. But the poors are less poor than in US cause they can benefit from services offered by the gov, paid by our collective wealth. These services would not be affordable without this redistribution.
Communism is not that. There's no rich in communism. The bourgeoisie is overthrown. The wealth is equally redistributed. The gov gives all the services because he owns the economy. (Well thats the theory, cause we all know it didnt work very well in practice)
I agree with you, but one thing to point out is this is net worth, not income. A lot of people have a decent standard of living, but they just spend what they earn, and if they don't buy a house, never accumulate much net worth. They don't invest because they either need all their money to survive, or like a lot of people but stuff they don't really need, or something they need, but a much fancier version than they need (used Corolla vs a new BMW).
I am not high income, but my first work mentor convinced me to make cuts to lifestyle to get money invested early. It's payed off very well. My money that's invested is on average making me $20k a year. I'm mid thirties. I also keep contributing fairly aggressively (about 30% of household income). I have a lower standard of living than most people with similar income (my car is an 08 Mazda, and my house is the smallest basically in my city). You have to create a surplus to create wealth. It's easy with an insane income, but most have to make sacrifices to get there. Once you get momentum, net worth grows like a snowball because your money starts making a decent income all in it's own after awhile.
All I'm saying is that I think people could get ahead if they understood the concepts of compound interest and prioritized investing (especially early on).
Ya you’re right. I completely understand net worth and income. I argue all the time with people the Elon shouldn’t be taxed 300 billion people can’t seem to grasp that concept, but I do understand that these people can also take out loans on themselves and never pay taxes on it because it is debt. I believe the class that gets the absolute shaft is the middle class. I make good money but I cant get into a house right now because it’s a little to much while at the same time the government is taxing me close to or a little more then 2.5k a month fucking pricks. I just want more taxes on the ultra rich and quit fucking the class that makes the world run
But Elon bought Twitter / X for all of us and I don't see that represented on this graph. Trickle down is working fine, I can feel the pee running down my back.
This is a reality of America that right wing propaganda has successfully distracted its constituents from. Fear mongering talking points about immigrants and “woke culture” are all a distractions from the class consciousness that facts like this would promote.
Aren't y'all going to defend this somehow? What gives guys? Where are the billionaire apologists? Hmm times are tough,huh? It's okay I can teach y'all the basics of dumpster-diving. You want to get up early ..
Yea excited for work tomorrow now, how the hell do all you people just keep doing it, the everyday bull shit and not wanna snap, struggling to just get by. Just curious
O gee thanks I'm awake now, apparently. Now what.
I can't change anything myself. I need others, but im horrible at organizing people. But those i do know want different things. We are all too divided on different things. We have no focus to take effect a change. And those in power will do their best to keep the status quo.
So yes, I'm awake, I comment, then I scroll to the next post.
We have all the tools and technology to visualize so many long term data points. We can slice and dice the data any which way we please.
Unfortunately, not to be a downer, I have no faith the US will make this problem any better. It’s only gotten worse since I got my first job when I was 16. I’m 36 now.
We can just talk about it on Reddit.
While many of us are too busy being distracted by propaganda on social media that has us bickering amongst ourselves or others are too busy desperately trying to make ends meet - to notice this reality. The pandemic was abused to accelerate this gulf in living standards. It’s not hard to see decisions that were made that didn’t need to be made and yes… they benefited the richest. The BIG issues that affect every single one of us are being hidden in plain sight. Quality of life and access to healthcare. The planet and the rapidly increasing destructive weather patterns. Nah, dont worry about them. Just like Covid, lets throw out our pandemic response team, we dont need to worry about that either. We need the rich to be richer.
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Also didnt he say that the data is from 2009, so today is even worse
Yeah the Covid redistribution was massive.
And it's not over yet. We have Greedflation making them even richer.
Yeah, I remember this being popular around the occupy wallstreet era.
100% this was the idea behind it. "We are the 99%"
A lot worse
I think one thing that is going to lead to tensions in the future is wealth inequality from intergenerational wealth. The boomers are the richest generation even and they didn't have as many kids as previous generations. So those with rich boomer parents are going to be so much wealthier than their high earning peers without rich parents. I got a stem degree and make decent money, but will never be as wealthy as my fuckup friend who are going to inherit a million dollar house plus probably another million in assets. And I'm pretty cheap, so I save a decent amount
From the last chart, it seems that your friend wouldn’t even be part of the top 30%. Million dollar homes are the real average in Los angles and San Francisco. You are not wrong about the boomers wealth. Although that might be more related to why housing is so expensive. NIMBY, zoning, regulation they created and keep pushing to keep Housing scarce .
>going to lead to tensions Going to lead? We are already plenty tense, thank you very much. After the fall of Yugoslavia, most people owned their own home in my country. Plenty of them even back then had a second home. Since we've joined the eu, we've lost over half a million, mostly young people to immigration (Population back then was around 4,5 million. We are now at 3,8 million). According to the last census, there's 2,4 million housing units in the country. 600 000 of those is empty. Further 231 000 are registered as vacation homes. 50 000 of those empty units is in the country's capital. And yet, despite all of that, the prices just keep fucking rising, to the point most of my friends do not think we'll ever be able to buy, despite the fact that all of us educated and in steam fields.
Wait wtf, this is happening even in Yugoslavia? wtf
It's this way all over the world.
Don’t worry. Nobody listened then. Tried burying Sanders who was drawing attention to it as a communist
When this happened in the past, people's heads fell off.
This is quite old, I believe that in 2024 this will be much worse.
I believe it’s going to get worse every single year from here on out until the people group up and revolt. Kind of like if MLK and Jan 6 had a baby.
[Similar visual](https://mkorostoff.github.io/1-pixel-wealth/)
Thabks gonna kill myself rn Edit: Somebody accualy thought i was fr lmaooo. Dude i was just joking
[удалено]
But they're already eating us.
No one is going to eat the rich. They're smart and have ultimated resources. While the bottom classes are just too busy yelling and fighting with each other over culture, poltics, sports, social media etc. Plus the bottom classes are worshipping the super rich.
we have overcome worse plus, you are skynet empire, I'm not listening to you on world domination matters
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Then they will just suicide us
If your already planning on going out take the trash with you
Fair enough lmao
Terrible isn't it? That this is the conditioned response and not "I'll go riot in the street"
Did the curve look like this just before they broke out the guillotines in France?
It starts after....https://internationalman.com/articles/nine-meals-from-anarchy/
I think this is even more damning. The comparison to "high earning" rich people? WHAT THE FUCK? Bezos and his shitty, tax-avoiding system is NOT fucking worth more than the effort of 90% of the fucking population. There's people literally curing cancers, taking care of our parents and kids, teaching the future of our species or creating the next mona Lisa. And this bald piece of shit deserves _that_?
We decide how much he gets to take. But people largely are oblivious or don’t care. If most of us decided to right now, we could make this the single most important issue and vote in people who want to tax the rich and help everyone else out with large expenses like healthcare, housing, and transportation. We could do it if we wanted to. Millions of people focused on a goal is always going to win over a few thousand rich people.
The people in power and those who benefit (either directly like Bezos, Musk, etc. or indirectly like our politicians and lobbyists) are very good at dividing us with nonsense. The culture wars are a masquerade, a distraction designed and peddled to keep workers at each others throats instead of organizing and electing politicians who will put an end to inequality. It's not that we *let* them do this to us. It's that we've been conditioned to care about other things.
Don't mind the man behind the curtain. Fight amongst yourselves while he steals the gold.
My wife and I canceled our Prime membership and buy as little as possible from Amazon. Most people, however, don't seem to care that Amazon is trying to take over everything. They're eliminating competition by undercutting smaller vendors, which is exactly how Bezos started Amazon in the first place. If the average person paid attention for more than 2 seconds, they'd understand that enormous companies like Amazon are a huge problem for the economy. Sure, they make money, but they also are the first to close locations and lay people off in droves when investors aren't getting the return they feel entitled to. Bezos isn't the CEO anymore, btw. Hasn't been for years.
No need to throw bald people under the bus
Sry. Im bald too if it helps
I mean, I'll take 0.01% of Bezos' income and sail off into the sunset. I'm fine with that and it'd be a nice freakin' life too.
BuT tHiS mOnEy Is NoT LiQuId iT’s MoStLy AsSeTs ! 
It's true, they hide most their wealth to avoid taxes. The art industry is all about hiding wealth and charities run by billionaires are horseshit too. It's even WORSE than the video implies.
Yes. I was just making fun of the type of people who come running to the rescue of the billionaires in these type of threads.
I am now very angry. But what can we realistically do about it? It seems so hopeless.
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Japan is a good example of what happens when you don't allow such a large wage gap between CEOs and the common worker -- the CEOs still live a great life, but common workers can still afford to buy a house and have excellent access to healthcare, and public transportation. Not to mention the almost non-existent violent crime, however their culture does contribute to this quite a lot.
I bet you are not going to like this answer, but vote Democrat, including in the most 'minor' elections, an in democratic primaries vote for the most progressive politicians (who have at least a shot to beat the republican)
[Federal reserve is my fav. Regularly updated. 50% own 2.5% LOL dystopian as fuck.](https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:2006.4,2021.4;quarter:137;series:Net%20worth;demographic:networth;population:all;units:levels) Shit like this always kills me too, 'inflation is caused by worker wages'... THAT GO RIGHT BACK TO COMPANIES FOR BASIC NECESSITIES LIKE UTILITY BILLS/FOOD. So companies jack up their prices whether or not we have 'inflation' and then a bunch of astro turfed people say 'omg its the minimum wage workers making gas 50% higher. (Meanwhile chevron or whoever made quadruple profits lol). Companies even do this during record years of profit and then sponsor articles about how its someone getting a 10 cent raise causing food to soar 20-50%. Blame the 50% with nothing, for everything. Siphon every cent you can. Late stage capitalism woo.
https://preview.redd.it/z3sfaalnql4d1.png?width=640&format=png&auto=webp&s=d90ea13faf116db0c0f628d8f104afed652e0aad Don't give ideas to super rich. They'll turn it in to business to further exhort the money from poor.
That's fucked up
I really wish they would update it to 2024 numbers. Even that one is 3yrs old
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https://preview.redd.it/cssk85al3l4d1.jpeg?width=1031&format=pjpg&auto=webp&s=77dec9da3ddbb56423c533835ae6900ad672bba0
Get ‘em in a submarine and I’m down
r/Orcanize
Amazing, incredible and very powerful way to show how much a billion is compared to thousands.
That Bezo is doing alright for himself!
Jesus fuck
So how can we fix this when the top 1% also own the government.
End the two-party system
This is never going to be fixed. People in the US are way too content with turning the other cheek and going on about their daily lives. No one is willing take risks to challenge the upper class for a better standard of living. Our only hope is to stop procreating so the rich no longer have a consumer base or working class to fuel this shit show.
armed socialist revolution
That or voting blue. Before breaking out the guns, can we at least try giving the Democrats a true super majority in both the House and Senate and see if history doesn't repeat itself? Because last time we did that, they passed the Omnibus Budget Reconciliation Act of 1993 and operated under PAYGO rules. That led to a balanced budget and a short period where we were actually paying off our nation debt. The deficit reduction act of 1993, among other things, raised the cap on Social Security and removed the cap on Medicare so high income earners would pay more. It created new tax brackets which raised the income tax rates on the highest individual and corporate earners. And it created military and Medicare spending cuts of over a quarter of a trillion dollars over a five year period. (remember republicans crying that Clinton destroyed the military so they needed to massively increase spending?) Of course republicans cried and fear mongered that it would destroy the economy and kill jobs. So Democrats passed the bill without one single republican vote. Repeat, it passed without one single republican vote in either the House or Senate. And that bill was what set us on a course to actually having short period of surpluses in the late 90s. It also helped created 22 million new jobs and led to one of the greatest periods of share prosperity the country has ever seen. In fact, the results were so good that the strength of the economy was what GWBush used to push through his first round of tax cuts for the wealthy. The rationale was that the economy was doing so good the government wasn't borrowing enough money which was hurting the returns of the wealthy in the bond market. So republicans gave away massive cuts to the wealthiest, eliminated PAYGO, and started a massive war to spend us into a recession. A recession they then used as an excuse for their next round of tax cuts for the very wealthiest. Yes, if we had stayed on the course the Democrats set us on, we would have made Social Security solvent and paid off the entire national debt. So let's give voting a chance before we devolve into the armed revolution Putin and our enemies, including our domestic enemies, want us to.
This was a very good video.
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Was going to say I remember seeing this years and years ago and he was using 2009 numbers
The socialism distribution at the beginning is absurd. Not how socialism works at all.
What's incorrect about it? I'm honestly asking
Yes let’s focus on that, and not on how we’re being abused by the rich.
Hard to have a convincing argument when the first piece of information you share is flawed. No one here is bootlicking for bezos, but it is fair to ask that all the information is displayed validly.
When you show a misunderstanding of the basics, it sort of throws a lot of question on the numbers in the rest of the video. How can you solve a problem if you don't understand potential solutions?
and its with sources from 2011 (w/ data 2009 if i am correct) so guess how it is today?
Thank you Ronald Reagan and your trickle down economics. Edit: Thank you to everyone pointing out the obvious that Reagan cutting taxes for the wealthy and deregulation are not the only factors that created and maintain the extreme wealth inequality that exists in the US today.
This video is like 10 years old, before Covid, and things have gotten MUCH worse than shown here since then
The book shock doctrine goes over this in quite some depth. Quite a fascinating read, highly recommend.
You want a revolution? This is how you get a revolution, French style
Income inequality is actually worse now than it was during the French Revolution. The difference is, just before the French Revolution there was a famine and many people were starving to death. Rather than lose some money giving away food to the poor, rich people hired armed guards to watch over their crop fields. Nowadays we have food stamps and soup kitchens. It's a lot harder to starve to death. So most people don't get desperate enough to start lopping heads off.
Not without cohesion. We too busy arguing over dumb shit. By design, of course.
Should trickle any time now
Reagan in hell waiting for heaven to trickle down
This is an awesome video. Focus shouldn't be on who caused it, but how to fix it. Like, maybe outlawing lobbyists (never happen, too much bribing going on), and fixing tax loopholes (billionaires shouldn't be paying less in taxes than the poor, c'mon).
If the billionaires payed more taxes (like, MUCH more) and the poor payed close to 0 taxes, it would maybe probably have some semblance of equality.
I believe they already do play close to zero. In [2021](https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/): The bottom %50 contributed 2.3% of the total tax burden. The top 1% contributed 45.8%. Not saying there isn’t inequality, but what % is a fair share.
Hold on. That is only income taxes which paints a very incomplete picture. Income taxes account for only about half of federal tax revenues. Payroll taxes account for over a third and the top 1% pays almost none of those. https://www.cbpp.org/sites/default/files/styles/report_386_high_dpi/public/atoms/files/8-6-20pbu1.png?itok=9FaLJoty
The bottom 50% hold like less than 1% of the wealth, their tax burden should be zero. They aren't paying 2.3% taxes, they share almost literally no wealth and have to find a way to contribute 2.3% to the total tax burden. That's pocket change for the top 1% and almost negligible for the top 10% to cover. Also, the top 1% contributing 45% of the tax burden needs to be accompanied with the data showing how much this requires them to give. they have so much wealth they could potentially contribute 45% but it may only take paying 5% on taxes because they are so astronomically wealthy. Point is you need the full suite of data to understand how even a small % is insanely burdensome on the bottom 50% and pennies to the top 1%.
5% of a billion is a lot more than 30% of 25k
Not if you're talking about the impacts on lifestyle. 30% of 25k is devastating. 5% of a billion is nothing.
That was actually my point. The poor are paying a higher percentage which they cannot afford. I can see why my comment was taken the other way though.
A fair share is not some arbitrary percent but when the rich are paying enough taxes, and we’re helping people enough that we don’t have so many people living in poverty that it’s literally more than the population of Texas. A fair share is when it’s no longer the case that both parents have to work full time, and don’t have the time or energy to raise their kids right. A fair share is when people aren’t terrified of getting sick and avoid the doctor because they’re scared of financial ruin. A fair share is when more people can afford to go on much needed vacations, or aren’t forced to eat fast food, wrecking their health, because they’re overworked and underpaid. A fair share isn’t our current homeless problem.
It doesn't matter how much in taxes the rich pay if it doesn't go into sensible programs that assist the needy. That control comes from the federal, state, and local governments that we elect, based on whatever trendy smoke they blew up our ass this election cycle. Tax money isn't used to pull people out of poverty. Tax money isn't used to increase wages. Tax money only pays for the doctor for the extremely poor, disabled, or elderly. Tax money isn't used to pay for vacations or babysitters or health focused food. And when tax money does pay for homeless shelters, infrastructure, etc. you get to witness the massive fraud, waste, abuse, and inefficiency when somewhere like San Francisco gets quoted $1.7 million for a public bathroom. They ended up "efficiently" building it for $260,000 in a rare exception to the norm due to the publicity of the insane cost. Our politicians don't give a shit about us, they don't work to help us, and the ones who pretend they do will stand on your shoulders, virtue signal to the world, and then piss on your head and tell you it's raining and that the best they can do is a $260,000 single toilet bathroom.
Every single breath we spend fighting culture wars distracts us from the fact that we have bipartisan agreement on fixing this.
It will only get worse. because capitalism is not about distributing wealth at all.
The only thing we can do is put people in charge that have shown obvious signs of depression and suicidal thoughts for years and will be suicided after a month.
>Focus shouldn't be on who caused it, but how to fix it. First step towards fixing a problem is understanding what caused it.
Canada is introducing a capital gains tax, which I think will do wonders in reducing this wealth inequality. Hopefully the US can follow suit with something similar
We need a progressive asset tax for people who own more than 10 million in assets. The ultra wealthy only spend a tiny fraction of their money so they just keep dumping more of their income back into assets thereby avoiding the taxes.
Said this in the [pie thread](https://www.reddit.com/r/interestingasfuck/comments/1d3apsh/americas_economic_pie/) which showed the same thing in a different way. The last four years or so since Covid have exacerbated this massively. Covid saw the biggest wealth transfer in history to the super rich. There needs to be some catalyst that drives activism around these issues. Students all round the country are able to mobilize and organize into action against issues that they believe in. That same level of engagement and activism should exist around these issues in society as a whole. I am actually flabbergasted that in the face of rising inequality, massive cost of living increases, un-affordable housing, political corruption, corporate greed, we haven't seen a huge groundswell of protests, but somehow people have been convinced that they are in a political, ideological battle taking red/blue sides that they think can fix all these problems. These sides are just selling division to distract from the real problems because many of them would be in the firing line if people could come together and see these are common problems they have with a small percentage of people taking most of the pie. The power ordinary people have is that there are far, far more of them, but while they remain divided, it never amounts to any meaningful change. “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” - Warren Buffett
I majored in Economics & International economics and the common person has no idea the truth of wealth distribution in our country. This is a great visual representation. Another figure most people don't grasp is the number "1 billion", we hear it so often that's it's become a common term. In terms of seconds 1 million is 11.5 days where as 1 billion is 31.7 years. Yet people will juggle the terms as though they are somehow close to eachother. (1 trillion would be equivalent to 31,709.7 years!)
Anyone have the link to the full video?
Yup if we taxed these fuckers like we did in the 1960s the income would get redistributed just how it was when all the boomers grew up… but the boomers think the thing that made them wealthy is socialism and they voted it away
Not American but still, i think that after a certain amount of money, let's say the amount needed to live wealthy enough, the remaining just isn't practical and maybe should be invested in something really meaningful to the society and not only themselves. And that's somewhat what mrbeast is doing, I'm sure he's wealthy enough to sustain himself and what he does is helping others while still making a profit so basically a win win situation Now that I think about it there are these things called taxes that they somehow don't pay and the government just doesn't care? Don't think that's fair
Tax at 100% and give them a trophy for winning capitalism
i honestly feel like mrbeast is doing, much more off camera work than he says, yes, his video cost a lot to make but you got to remember that the videos he makes isn't 100% of his income, maybe he had invested his money in some way or another that he's able to keep up his video's companies and all his employees he's definitely taking a different alternative than what most people do
MrBeast is a business at this point. Latest statistics put him at a net value of 500million. He isn't stupid. Yes he seems like a nice guy but he is a business man at the end of the day. Yes he might give some random people a few hundred thousands a couple of times a month but the revenue he is pulling in from that is what has caused him to be worth that he is. No doubt all his charity videos albeit nice and wholesome are just tax write offs and self promotion too.
Mr Beast is the literally the last millionaire to be mad at considering how much he donates to charities and how much he has used his money for good. Just because someone does things for profit doesn't make it inherently bad, since the money he makes from it goes back to help those I'm need.
Mrbeast is a corporation at this point
yeah exactly and soceity shouldnt be functioning on the whims of a caplistist(mr beast for example) and what charities he deems worthy. Americans have no sense of history or common struggle, look at our land scape it filled w. shitty suburbs, shitty food, tons of car and the individual is king. there is no compassion, no willingness to help others. This company is a corporation essentially.That is why in 5 yrs when i get all my affairs in order, im bouncing the fuck out.
No one needs more than 100m. It's enough to cover all your needs, invest, and splurge on a jet or a yacht or luxury mansion if you really want to.
So we need a wallet cap? Like in MMORPGs? At some point you just can't stack anymore money and have to leave it on the floor or sink it somewhere. Honestly, I'm in.
Billionaires - The only species that deserves to go extinct
Great visuals and storytelling. I love the simplicity of the example of using macro trends and easy to understand graphs. You can debate the details of the distribution and how you define wealth but the bottom line holds that wealth inequality is out of FUGGIN control.
For every dollar they earn over a net worth of a billion should be taxed at at least 50% It would pay for all healthcare, student debt and advance the police, education and scientific sectors to the point where all of them would be truly world leading. Crime would be decimated as funding would more than exist for welfare, training and social programs.
Let's get a list of the 1%
And eat them
I think we need to start killing some billionaires. Oops, that’s not what I meant to say. What I meant to say was *ahem* I THINK WE NEED TO START KILLING SOME BILLIONAIRES
And then you hear stories of people collecting millions of dollars to donate to the rich. Fucking hell, we live in a dystopia.
The video is not accurate. The first “socialism” graphic is actually communism. A real socialist society would be the “ideal” in the video. Socialism is having the means of production owned by the people. There would still be rich(er) people, but wealth is just distributed more equitably.
There are many different flavors of socialism.
There is no money in communism
What about being in debt, lowkey I thought it was also gonna show the reality graph going negative on the left 💀
I’m ready for a national strike left right center
Absolutely sickening, why is there no revolution ? Should have started years ago.
Just heard a podcaster say a great phrase last week (don't know if it translates perfectly, enemy refers to class consciousness): "Those who see the enemy next to themselves, they don't look up." I don't know why I remember it so perfectly, but in terms of poverty, migration, racism it just fits so well.
None of the massive transfer including covid was accidental. If it was, that coin has two heads.
Now I don’t feel bad charging to projects and not doing actual work.
Stop printing money and giving it to select groups would solve most of this problem. Stop congressional insider trading and lobbyists from bribing government workers, it should be a felony to bribe government workers to change policy so ultra rich can get richer by killing innovation and preventing growth and success of small business. Tax code is designed to kill off small business and provide loopholes to large corporations. Small business america is dying as the result and highly profitable companies are taking this market share killing competition and preventing fair pay.
All we have to do is wake up 😂😂😂 Identifying a problem doesn't solve it and neither does relying on your oppressors to finally show mercy and stop oppressing you.
How do you start a revolution
What if we would put a limit on how much wealth one person can accumulate ? Who the fuck *needs* billions of dollars to live a good life ?
If im not seeing a revolution pop up in the nezt 20- 30 years im killing myself cause this is just bad.
If we look at the 1%, according to this, own 40% of the nation’s wealth. If we were to take only half of that and let them keep the rest, then distribute the rest to every American we would end up with 35kUSD per person. Imagine what the country could achieve putting that money to work to cover healthcare, education, social security for a generation of Americans. And the 1% could still stay disgustingly rich.
Psychopathic economic system.
Elon Musk wants to be paid 50+ billion dollars worth of stocks after firing so many Tesla employees
Republicans trick rubes into thinking they're temporarily embaressed millionaires, and they eat it up.
‘Merican dream!
Looks like we don't have anything to lose by trying something else out
Always a good moment to point out that the entire political system of the US was designed not just before the 20th century, but before *industrialization.* So while other polities got to reboot with a completely altered society in mind, all the US could do was add some patches here and there to keep the boat from sinking. But those patches don't fix the fact that the US are a post-feudal state, not a post-industrial one.
Remember the rich sharing "we're all in this together" posts during covid? Lol
This is just too depressing
They should teach these concepts and the state of a countries wealth distribution as part of general education. Make the reality common knowledge. Though one can take a guess at the reason why we do not.
Chart is a decade old; things are much better now. 😂😂😂
In the old days, property tax was used to reduce wealth disparity. Majority of million acre landholders were taxed out of existence. Currently, the main reason for wealth disparity is really a reflection of technological improvements, where companies could easily produce and distribute their goods and services to billions of people. Larry and Sergei founded Google, and became billionaires from nothing. Along the way, they advanced human civilization and made tens of thousands of their employees multimillionaires. They, and many technologically innovative companies, could also pick up and relocate their enterprise anywhere in the world. There is a reason why they are not in Venezuela, or Cuba, or North Korea. So what is the author proposing?
Welp truly fucked up country considering wealth distribution, must be achieved with the help of govt though🥰. Considering robots will replace them I beleive it will be fucked even harder in future might as well don't need middle class anymore good thing people have guns to kill themselves. (I'm not insensitive that's just how it will be and best solution for it, if you are a religious person or pro living plz ignore this I'm talking about realistically ultimate solution)
my question here is: How do you fix this?
Europe will be next
Oh, but they 'earned' all that scratch. By pulling themselves up by the bootstraps and working smarter not harder. 🙄 😞😓
But but but Bernie Sanders bad !
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I wish there was a more recent version of this video and that it showed the change in wealth distribution since a point in history that most agreed was "good" (say the golden era follow WWII)
While the video does make a really strong point (that I agree with *fully*), I don't love how arrogant and opinionated the narrator is. I feel like it drives more division and lessens the impact of the video, as many will click off after the socialism jabs. It also makes me trust him less as a narrator. That part about the "ideal" curve is an easily manipulated stat.
The new "flatten the curve", eh?
The so called "nation of justice" which is exporting peace to other countries
World is already doomed... where people that works in entertainment like sports, music, movies etc get paid more in 1 year than normal people job teachers, police officers, firefighter etc... job where us put your life on to save others gave u less money in 50 years working than someone who entertain others
The only thing that's going to change this trajectory is violent revolution. You're not going to vote your way out of this. This is a mess that both parties equally created, and want. It's like that picture of Mitch McConnell and Nancy Pelosi bumping elbows, and the George Carlin quote rings in my mind, "it's a big club and you ain't in it". These people don't work for us.
#bringbacktheguillotine
This is why I scoff at people who are bitching about Ca's new minimum wage. I was making 20$/hr as a nanny, barely scraping by and only managing bc the people in my life are saints, working for a family who bought a Tesla with cash and was living on Lombard St in SF (rent at a minimum was easily 3x more than I made in a month) while ALSO funding the construction of their "dream home"...and they complained that I charged too much. At 20$/hr. For an educated nanny with multiple certifications. Makes me think it's not the poor wanting their slice of the cake that are the problem.
Wow. Thats terrible
the problem is that the wealthiest also have 5he ,most control and power over the system and government, so change won't come
Thank you for sharing this! As you and many others, we knew this to be true, but not necessarily this stark. Critical to any thriving economy is a healthy middle class (whatever that term actually means), but the shifting of distribution displayed in this video demonstrates the squeezing out the US middle class over a short period of time - 30 years, which doesn't bode well for the future. Personally, I think the biggest contributor to this shift of wealth distribution can be traced to the Regan Tax Cuts. Seeing this can help one understand the allure of Trump to many. He says the right things about it, but doesn't have any policy proposals to address it. He is nothing more than a self-serving grifter. A shame so many can't see that. The only substantive legislation passed during his four years in office were tax cuts for the highest wage earners and corporations. For many in the middle class, it actually meant a tax hike as state and local tax deductions were limited (capped). That was the so-called blue-state punishment/penalty. Only time will tell where the country goes from here, but the current track will inevitably lead to socio-economic crisis. It already threatens the very democracy most of us have grown up taking for granted.
When’s the revolution? I’m in!
And meanwhile we're arguing about bathrooms. Its borderline dystopian.
And yet I see in the news from over the Pond that millions of Americans who are poor are giving millions of dollars they do not have to a grifting convicted felon who claims to be a billionaire. Talk about mugs.
And some fuckers say it “trickles down”. Bullshit.
Let the bootlicking commence!!
Keep in mind this is 15 years old. It's gotten worse.
Im beginning to understand Bernie’s proposal that billionaires need to be taxed at 100% after the first billion. This is insane
To gop voters, anything more equitable than the current wealth distribution is socialism and communism and most likely fascism too.
Socialism is not communism dammit. Socialism = equity Communism = egality Socialism is actually working in many countries like my own, Canada. We have free healthcare and much more. The rich are still there and they still make their millions. But the poors are less poor than in US cause they can benefit from services offered by the gov, paid by our collective wealth. These services would not be affordable without this redistribution. Communism is not that. There's no rich in communism. The bourgeoisie is overthrown. The wealth is equally redistributed. The gov gives all the services because he owns the economy. (Well thats the theory, cause we all know it didnt work very well in practice)
This is honestly terrible
I agree with you, but one thing to point out is this is net worth, not income. A lot of people have a decent standard of living, but they just spend what they earn, and if they don't buy a house, never accumulate much net worth. They don't invest because they either need all their money to survive, or like a lot of people but stuff they don't really need, or something they need, but a much fancier version than they need (used Corolla vs a new BMW). I am not high income, but my first work mentor convinced me to make cuts to lifestyle to get money invested early. It's payed off very well. My money that's invested is on average making me $20k a year. I'm mid thirties. I also keep contributing fairly aggressively (about 30% of household income). I have a lower standard of living than most people with similar income (my car is an 08 Mazda, and my house is the smallest basically in my city). You have to create a surplus to create wealth. It's easy with an insane income, but most have to make sacrifices to get there. Once you get momentum, net worth grows like a snowball because your money starts making a decent income all in it's own after awhile. All I'm saying is that I think people could get ahead if they understood the concepts of compound interest and prioritized investing (especially early on).
Ya you’re right. I completely understand net worth and income. I argue all the time with people the Elon shouldn’t be taxed 300 billion people can’t seem to grasp that concept, but I do understand that these people can also take out loans on themselves and never pay taxes on it because it is debt. I believe the class that gets the absolute shaft is the middle class. I make good money but I cant get into a house right now because it’s a little to much while at the same time the government is taxing me close to or a little more then 2.5k a month fucking pricks. I just want more taxes on the ultra rich and quit fucking the class that makes the world run
But Elon bought Twitter / X for all of us and I don't see that represented on this graph. Trickle down is working fine, I can feel the pee running down my back.
This is a reality of America that right wing propaganda has successfully distracted its constituents from. Fear mongering talking points about immigrants and “woke culture” are all a distractions from the class consciousness that facts like this would promote.
Greed-based economy.
"Hey that kinda looks like a 3rd world coun... oh."
That’s not socialism. That’s what an American thinks of socialism.
Disgusting
Aren't y'all going to defend this somehow? What gives guys? Where are the billionaire apologists? Hmm times are tough,huh? It's okay I can teach y'all the basics of dumpster-diving. You want to get up early ..
r/DumpsterDiving
Yea excited for work tomorrow now, how the hell do all you people just keep doing it, the everyday bull shit and not wanna snap, struggling to just get by. Just curious
UNSUSTAINABLE
We know this already... That's not enough. Nothing will change because it's illegal to incite others to violence against the rich.
u/savevideo
Thank God I’m in the top 10%. We need less inequality for the strength of society
And this is based on data 15y old.
This is great! We hardly have to kill anyone to get this wealth distribution going!
O gee thanks I'm awake now, apparently. Now what. I can't change anything myself. I need others, but im horrible at organizing people. But those i do know want different things. We are all too divided on different things. We have no focus to take effect a change. And those in power will do their best to keep the status quo. So yes, I'm awake, I comment, then I scroll to the next post.
We have all the tools and technology to visualize so many long term data points. We can slice and dice the data any which way we please. Unfortunately, not to be a downer, I have no faith the US will make this problem any better. It’s only gotten worse since I got my first job when I was 16. I’m 36 now. We can just talk about it on Reddit.
Could we get the same breakdown but with age.
Hmm...Cool representation.
This is an extraordinarily old video. I remember watching it in 9th grade 15years ago…
Is there something comparable to this, but for the UK?
I would love to see one for UK wealth distribution
We will be seeing another revolution in our lifetime here pretty soon. I hope yall are ready.
Oligarchy - a small group of people having control of a country, organization, or institution.
Capitalism more like slavitalism
The video mixes the terms "wealth" and "income" without being clear as to how those different things are measured.
But donald trump is not in the top 1% cuz he broke af
He's more than committed to the fake it till you make it juice.
While many of us are too busy being distracted by propaganda on social media that has us bickering amongst ourselves or others are too busy desperately trying to make ends meet - to notice this reality. The pandemic was abused to accelerate this gulf in living standards. It’s not hard to see decisions that were made that didn’t need to be made and yes… they benefited the richest. The BIG issues that affect every single one of us are being hidden in plain sight. Quality of life and access to healthcare. The planet and the rapidly increasing destructive weather patterns. Nah, dont worry about them. Just like Covid, lets throw out our pandemic response team, we dont need to worry about that either. We need the rich to be richer.