Everyone shouldnt be equally rich. But everyone should have equal opportunity to become rich, and everyond should be able to make his living

@Shineki168

7 жыл бұрын

I believe the key to equal opportunity is an efficient and effective education system that is available to all citizen. the kind of system that would require it's educational work force to keep improving the methods in which it is delivered. The education material should also be updated to keep up with the widely known information. The government own school and university should charge little to nothing for it's fee. When everyone receive that kind of education, then we can quite agree that opportunity for everyone is near equal with variance on the effort, personal strength, and parental guidance.

@dandobrowolski5818

7 жыл бұрын

+Shineki168 The problem here is the government doesn't do education very well....there are too many competing interests involved in public education...such as teachers unions and thier relationship with political parties...school administrators and school boards, teachers and students, parents and children, parents and teachers..etc etc...and these competing interests result in corruption and failed policies...angry parents, disenfranchised students, jaded teachers,...and so on. add to that regional budget concerns...its a hot mess. A regulated privatized education system might be a better solution because schools can compete for students by offering better educational services...and school choice...allowing parents tke thier kids out of bad schools and put thier kids in better schools will provide incentives for schools to improve.

@arvaakuka8568

7 жыл бұрын

+dan dobrowolski I agree about the education. Not related but in my home country government owns all universities and we have one of The best education systems. I dont think that indepented schools automaticly make the education better; its about the system and teaching methods

@dandobrowolski5818

7 жыл бұрын

+Arvaa Kuka I dont know where you are from...so i cat make a judgment about the quality of the education system there...but in the US..we have states and local governments and the federal government, all with thier hands in the situation that is already a hot mess. And lots of unfortunate politics involved. people here want local control over thier schools...because we find that parents are more engaged and feel empowered when they have some control over how and what thier kids are being taught. certainly privatization is not automatically better...but i recommend regulating a private system so that parents have choice...and schools can imrpove. and we wont have parents complaining about the government controlling what should or should not be taught at the local level.

@arvaakuka8568

7 жыл бұрын

dan dobrowolski My home country has been one of The best in international school comparisons for many years. We are among the best European countries and over USA. And schools are fully owned by government as I said. At the same time Sweden has made some changes in the System so that indepented inventors can invest in schools. And as a result Swedish school have dropped in comparisons and their schools are now lower than most of Europe

"The worst thing about Capitalism is that everybody is unequally rich. The best thing about Communism is that everybody is equally poor" - Winston Churchill.

@MikhaelAhava

7 жыл бұрын

Yes, correct. "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of communism/socialism is the equal sharing of miseries."- Sir Winston Churchill. (Glad I'm not alone)

@LogicContradiction

7 жыл бұрын

What "communist" states prove this point? And, there's extreme poverty in capitalist nations too, in fact, capitalism relies on it.

@riKringkast

7 жыл бұрын

When referring to socialist communism in the Soviet Union, as Churchill was referring to, this is indeed accurate. However when talking about a socialist democracy, as in Norway, Sweden, Germany, Finland and so on, it's blatantly wrong. This can be easily verified by independent sources, the inequality adjusted or non-inequality adjusted HDI is a reliable data source for this. Misusing quotes like this is either trolling, or simply ignorant. In either case it can be roundly dismissed as nonsense.

@Chiyenworkout

7 жыл бұрын

Actually commie state is very unequal

@arhambliss8606

7 жыл бұрын

My parents lived in a communist country which is the one they live now but over 27 years ago. And they loved it so much they can not stop talking to those time like it was paradise. It probably was they got free housing and jobs fro just existing well paid jobs at that and where work was optional most of the time. I would have liked to live in such times but I do not I live in a capitalist country who becomes richer and richer by a little every year but where only that talented, hard working and well smart people will enjoy the riches.

If you want a democracy with income inequality, then you need to get money out of politics, or you'll end up with a highly corrupt plutocratic oligarchy like we're getting now.

@potato7617

5 жыл бұрын

hi darkmatter

@michaelmorse4444

5 жыл бұрын

Sup darkmatter.

@sadscientist9995

5 жыл бұрын

DarkMatter2525 it’s darkmatter hey

@tadm123

5 жыл бұрын

And if you want a democracy with income equality you’ll get communism, which is in the orders of magnitude worse than the current American model.

@sadscientist9995

5 жыл бұрын

tadm123 no one is suggesting communism, but some socialism in the country would help like Medicare for all, a living wage, college for all, that’s what the left is proposing. the left is against communism

Everyone generally accepts a 40 hour work week now. That exists because the working class fought for it. Things like this are not given out of the kindness overflowing from the hearts of businesses. The same goes for increasing wages.

@austinbyrd4164

2 жыл бұрын

Absolutely true, it's given out because of competition. Nobody ever said it was out of the goodness of their hearts. Strawman

@ariserusic

2 жыл бұрын

To be honest, worker collaboration and unionizing is one key part of a free market. When markets restrict workers to unionizing, for me in my definition, it's not a free market at all.

@towardcivicliteracy

2 жыл бұрын

There’s no causal relationship.

@ZapfireAlex

2 жыл бұрын

Do you know who created the 40 hour workweek and the 5 day workweek? Henry Ford, because of competition.

@dotflakes

2 жыл бұрын

Exactly

The problem I see is the 1% can spend their extra money on lobbying for laws that keep the other 99% down. PragerU should make a video about that.

@fenrir7878

2 жыл бұрын

Yea right. Who do you think is funding PragerU. Dennis Prager is a sycophant for the oligarch 1% because he gets to peddle his delusions.

@darilcaldwell31

Жыл бұрын

why don't you make a video about it

@Joe-bh4vz

Жыл бұрын

Prager U does not make propaganda

@darilcaldwell31

Жыл бұрын

wrong because people keep there ownselves down no capitalism is the only system proven to work and socialism is a proven failure bottomline

@JamesMaximum

Жыл бұрын

Lobbyism is not a fault of Capitalism but rather a fault of Corporatism.

Video tries to make sense but fails.

@rustamsnilobekovs6039

7 жыл бұрын

you try to seem educated in this subject but you fail.

@19coyote80

7 жыл бұрын

Your IQ is simply too low.

@flazzorb

7 жыл бұрын

Comment tries to make sense but fails

@hxsjdbdjavs

7 жыл бұрын

Get some real education. And no, gender studies or religion studies are not real education.

@alexmartin4724

7 жыл бұрын

I understood it and as a conservative i think its BS. Its promoting Trickle down economics (you know, that thing that was one of the main causes of Financial Crisis of 2007). I am all about being self sufficient but when 1% of people have almost 50% of the wealth, it is difficult to be self sufficient and not live off the government. Bill Gates, Mark Zuckerberg and Carlos Slim don't need Billions upon Billions of Dollars because they are never going to spend that much money. Am i promoting Communism? well im not try to, but what i am saying is the wealth needs to be better distributed so the wealthy stay without a money crushing ceiling and the poor dont live off the government

A big flaw with this is that most of the time your wealthiness is inherited, and often you dont have to work, while meanwhile the poor people who are poor cause they grew up with poor families are getting poorer and poorer

@elliottpowell5130

Жыл бұрын

Expect 70% of billionaires started middle class

@jyn9549

Жыл бұрын

@Loopy I agree. Single-parent households have negative impacts on society. A main reason in the increase of single-parent families and the breakdown of the nuclear family is due to economic stresses. When families are struggling to put food on the table, it naturally leads to more conflict, stress, and divorce rates. When people's basic needs aren't being met, that can often lead to dysfunctional family situations.

@angelusvastator1297

11 ай бұрын

I agree with this

@angelusvastator1297

11 ай бұрын

@@Yankeee76 Or they could just find ways to adapt

@hahahihi487

11 ай бұрын

well only 3% of millionaires are actually inherited millionaires. That to me seems like a most optimistic fact, it means maybe you and I also have a chance to become one of these millionaires.

The problem is when people start playing the system with 💰

@johnathanvale8634

4 жыл бұрын

Well, one side of the political spectrum wants a small government. 👍

@enzosperandio9481

4 жыл бұрын

The only that can are because of the gouvernement. Smaller governments smaller taxes and regulations = more freedom More freedom = less corruption

@ezniyazov7970

4 жыл бұрын

Or when the government and corporations work hand in hand. Then that’s when the trouble begins

@johnathanvale8634

4 жыл бұрын

@@ezniyazov7970yeah.money ain't the problem.

@ezniyazov7970

4 жыл бұрын

johnathan vale exactly. Proof is this iPhone I’m typing this from. A capitalist invention

There's a difference between having enough money to test buy expensive products and literally controlling so much of the world's wealth that a middle class can't form.

@helenwyant3449

2 жыл бұрын

I SOOOO agree

@hazyorange

2 жыл бұрын

Actually, the American middle class is disappearing because they are becoming richer.

@munkqiking7207

2 жыл бұрын

@@hazyorange and some are becoming disenfranchised. You actually think they all became richer? Nuance is important buddy.

@fenrir7878

2 жыл бұрын

@@hazyorange Not true. They are actually becoming poorer.

@stayswervin554

Жыл бұрын

the middle class has enough money the governments just taxing it and then creating inflation

Prager pissed off the Bernie bros

@Electoral-kh5vj

7 жыл бұрын

True....

@itszaza5937

7 жыл бұрын

With what facts? No with hollow talking points

@ohgodmynutbladder

7 жыл бұрын

Wouldn't be the first time. Or the last I'm sure. When I saw "Income inequality is good", I got an instant boner thinking of the socialist butthurt this would cause

@Sh0cKwavE__

7 жыл бұрын

I think Bernie pissed them off

@S3lvah

7 жыл бұрын

And how does using that sexist generalization to describe a large group of women and men, old and young, white and of color (people who supported Sanders), further your argument?

the problem though is that social mobility becomes increasingly more difficult the lower you start out on the social ladder

@stephenfarynaz7229

4 жыл бұрын

tell that to Ben Carson

@orb3796

4 жыл бұрын

@@stephenfarynaz7229 Tell that to the million homeless people who never had the opportunity to become rich

@Juicy_J713

4 жыл бұрын

Correct but even the poorest can become wealthy. Take Oprah for example

@orb3796

4 жыл бұрын

@@Juicy_J713 Survivorship bias. For every person that lucked out there are tens of millions who put in even more work but didn't succeed.

@SuspiciouslyGroomedPegasus

4 жыл бұрын

@@orb3796 But why didn't they succeed? Was it THEIR own fault or the fault of the system?

He is going to say income inequality is good since he is wealthy.

Sadly this "freedom to guide your own destiny" is only available if you are not stuck in the cycle of poverty and actually is financially stable away from mere subsistence.

@vladm.6859

3 жыл бұрын

Americans can easily make $15/hr working at McDonalds. Stfu with the “cycle of poverty” bs, it’s a result of bad decisions

@oj59

3 жыл бұрын

People escape poverty all of the time, of course it’s easier to become rich if you’re not born poor, but it’s possible to escape poverty.

@johanngeorge5401

3 жыл бұрын

@UCKglv2FFqUT8Los4_cZDGZA yet u don't support giving them affordable education stfu idiot

@HuntforMusic

3 жыл бұрын

@@oj59 So you're saying that some people should work much harder than others in order to achieve similar (or even worse) standards of living?

@the_absurd_hero

Жыл бұрын

@@HuntforMusic Your assumption that everyone should get an equal outcome for equal effort is flawed for the precise reason the video addresses (did you even watch it?). Everyone has different talents: If someone is naturally more adept at maths than another person, that other person would need to study much harder to achieve the same score on a test as the mathematically talented person (who probably didn’t need to study as hard, if at all, to get a high score.) The same is true of finances. People start off at different levels, and being able to achieve the same level as someone who started off ahead of you will require greater levels of hard work, responsibility, education, and diligence. Reality isn’t all rainbows and butterflies.

I managed to make it close to the 3 minute mark here. This video is hilarious. Being poor and overworked is awesome!

@AnimMouse

3 жыл бұрын

If you hate it, improve yourself.

@lightmorrison5404

3 жыл бұрын

Anim Mouse why didn't he think of that! You're a genius!

@vIBEDoUT-Channel

3 жыл бұрын

yeah 😔

@gwentennysonproductions6376

3 жыл бұрын

be grateful for what you have

@sidharthv

2 жыл бұрын

The FREEDOM to work 3 jobs and still be poor.

I like how he says you're free to pursue whatever you want while PragerU has a video called Don't Follow Your Passion.

@juanpablobonet1341

3 жыл бұрын

Your talent doesnt have to be your passion

@jereee4732

3 жыл бұрын

that PragerU video doesn't say you can't pursue whatever you want, they actually recommend you to follow your talent.

@AndrewChumKaser

3 жыл бұрын

You're free to pursue whatever you want. However, it doesn't make it a smart idea.

@bekzodburiboev2388

3 жыл бұрын

yes, there is, and guess what you are free to choose whether you want to watch it nor not, nobody has the power to force you to watch it because they(PragerU) want views like Mr.beast, and it would make everything equal. THAT IS THE POINT.what do you think?

@aetherblackbolt1301

3 жыл бұрын

Freedom is not equal to advocacy. You are free to eat 3 fast food meals every day and not exercise, but that does not mean we advise you to do it. Likewise people are free to pursue what they want but it might not be what makes you monetarily sustainable, so you have to be prepared for that.

This is one of the dumbest arguments I have ever heard in my life. "The rich are the test buyers"? Really? Trickle-down economics much?

@warriorxp7

2 жыл бұрын

@@oceanwaves83 no. whenever the glass is full the rich just buy a bigger glass. they just advocate for this because it benefits them, human greed at its finest.

@Idolbottle

3 ай бұрын

It feels like an argument made by a 4th grader 😭

@nocucksinkekistan7321

2 ай бұрын

Yes, trickle down economics makes sense to anyone with a brain.

Does this dude ever blink? Scaring the crap outta me with his googly starry eyes

@JonnySelProductions

7 жыл бұрын

He was reading off a teleprompter, duh. Yet I still agree with the message in this video.

@turbotortiose

7 жыл бұрын

Resorting to name calling? That's at the bottom of the argument pyramid actually.

@tomokokuroki2506

7 жыл бұрын

What if you're blinking at the same time as him?

@tomaalimosh

7 жыл бұрын

I think his eyes are actually CGI. There's no way anybody's eyes are that close together!

@capitalistsmashingswjguy2936

7 жыл бұрын

Dabket3araB i was thinking that too

"From my perspective the Jedi are Evil!" - Anakin Skywalker - Darth Vader

@jeronimovasquez5877

4 жыл бұрын

So accurate

@someguy3861

3 жыл бұрын

I mean, at the time he wasn't incorrect. The Jedi were a group of religious zealots who brainwashed children into bottling up their emotions after separating them from all of their family, and then trained them as soldiers. They operated outside of law and order simply because they believed themselves to be categorically right, and in so doing had absolutely no regard for the safety or well-being of others. Hell, they sanctioned genocide at the time that the Sith were a people spread across many vibrant planets, and wiped those planets out with the Republic army. That really doesn't seem like a force for good, so much as a force for The Jedi.

@vIBEDoUT-Channel

3 жыл бұрын

Glad to read this Comment Its not that these systems aren't well built for poor They feed on the poor.

@seanb6478

3 жыл бұрын

Polar Solar: Evil will always triumph over because good is dumb! - Dark Helmet

@DunkYTP

2 жыл бұрын

Point of view* not perspective

Um.. somebody tell Prager U we had all the same innovation in the 50s/60s without this gross inequality?

@rajyavardhansingh4491

2 жыл бұрын

You had the internet in the 50s/60s? Must have been nice.

@ninjamusic9554

2 жыл бұрын

@@rajyavardhansingh4491 internet was invented by the military. Not by private companies

@rajyavardhansingh4491

2 жыл бұрын

@@ninjamusic9554 irrelevant

@terrencemoldern2756

2 жыл бұрын

This may surprise you. But things are a lot different from nearly a century ago 😂 also you can blame it mostly on mass immigration. Back before in the 50s and 60s we didn’t have this mass mob mentality on immigration allowing for the mass of people with no skill and no character to enter our nation. It’s thanks to that we have this issue...

@sidharthv

2 жыл бұрын

@@rajyavardhansingh4491 actually isnt you're argument irrelevant?

Oh my god man! Blink!

@BinnyNair

3 жыл бұрын

This guy was constantly reminding me of Jake Gyllenhaal's character from Nightcrawler. The same creepy, unblinking stare.

@nickwright2721

3 жыл бұрын

🤣🤣🤣

@fasipetemitope5739

3 жыл бұрын

He blinked towards the end of the video 🤣🤣🤣🤣🤣

@tsihun8145

3 жыл бұрын

Haha

"Just post a random Quote in the comments, everyone will think you're right and give you likes even though quotes are practically meaningless as arguments" - Albert Einstein, 2016

@dickchampion5860

7 жыл бұрын

"The gun in my mouth was real...and the taste blew my mind. Yeah" -Adolf Hitler 1945

@Tomatenmark13579

7 жыл бұрын

***** Arguments for what? I was just making the point, that quotes are bad arguments, regardless of the content of the video.

@Tomatenmark13579

7 жыл бұрын

***** Whatever. My initial point was, that quotes hold no relevance in an argument. Albert Einstein once said, that we'll be able to easily turn any metal into any other metal. What makes you think quotes are reasonable arguments anyways?

@Tomatenmark13579

7 жыл бұрын

***** Sure, they can be used as that in something like an essay or a paper, but they're pointless when they're just posted with no context or further reasoning like in this comment section.

@asdfg9398

7 жыл бұрын

"the goal of socialism is white genocide" Vladimir Ilych Lenin, 1925

This video assumes everyone has an equal opportunity to get in to the 1%, and that it's just a matter of choice being in the 99%. It couldn't be more wrong.

@thedavid00100

7 жыл бұрын

Yeah! Typical delusion of right wing ideologues.

@3kAmin1

7 жыл бұрын

To be among the one percent of any thing you need to have an extraordinary talent. to get in to the 1% of the richest people in the country is as easy/hard as becoming one of the best in any thing else. Its hard to get in to top 1% of the best musicians, athletics, etc too, but if you invent the next Facebook or Windows you definitely would get in to that club. By the way, if you make about 400,000 dollar a year, you would be consider 1%er, it isn't just millionaires and billionaires.

@Zodarro

7 жыл бұрын

being upper-mudder class is pretty accesible if you put in enough years of smart hard work

@tanker9987

7 жыл бұрын

I am sure that if you quit youtube, television and social media and just studied investing, bonds and the stock market you would be a 1%'er in about 30 years from now, less if you get good at it. No laws saying you can't right?

@hey7328

7 жыл бұрын

amin alinezhaad You don't need any of that actually. Just get born into the 1%. So much for equal opportunity.

Cell phone, that's nothing. Even the cheapest 25 year old car will provide you with comfort that kings could never even imagine 200 years ago.

'Wealthy people became wealthy because they have more money than I do' Bruhhh...

Equality of opportunity, NOT outcome. Theirs a difference. Thank you PragerU.

@my0p1n10nst1nks

6 жыл бұрын

MasonM214, *there’s

@Someone-cd7yi

6 жыл бұрын

there is no equality of opportunity in America.

@Simboiss

6 жыл бұрын

Because not everyone can be rich at the same time.

@Someone-cd7yi

6 жыл бұрын

Abubakar Mansaray Lets look for instance at college education. A kid with rich parents will get his college tuition paid for by his parents while a poor kid has to get student loans and is, after he graduated, now tens of thousands of dollars in debt while the rich kid is debt free. I don't see this as 'equal opportunity' and I can name you numerous other examples. Kids with wealthy parents have way better opportunities to get wealthy themselves than poor kids and many studies have shown this. The American dream is crumbling!

@PrismLight5

6 жыл бұрын

Okay but if you're born to a wealthy family you don't need talent, you inherit the outcome.

This is so impressively wrong on all counts it might just go viral.

@nemui_tora

7 жыл бұрын

Would you mind refuting points made in the video?

@19coyote80

7 жыл бұрын

+Skyslimit86 The left can't refute via valid arguments. To them it's about their 'fweelings'.

@riKringkast

7 жыл бұрын

No, Coyote, it's about the reality I live every day in my "socialist hell" here in Norway. The same can be said of nearly any other country in the western world. +Skyslimit86 I could refute the arguments, in the sense that I'm capable of it. However I'm fairly sure it won't lead anywhere. The audience of videos like these typically don't go in wanting to be open and curious, they go in wanting their bias to be confirmed by likeminded individuals. Coyote's snide remark over here is a good example of that. He's already decided I'm a "them", and in labelling me he now feels that he doesn't have to take anything I say at face value. After all, I'm just another one of "those leftists", and anything I say can be discredited as leftist "whining" in his mind, regardless of facts. Labels can be useful, but in debates like this they're just an excuse to not think openly and critically. To put it another way - anyone who can be convinced by videos like this is likely not open to the critical thinking necessary to understand why its arguments simply don't stand scrutiny. If you truly *are* curious and consider yourself a rational thinker, I'd be happy to share some perspectives from my own culture with you over personal messages. Have a good one.

@nemui_tora

7 жыл бұрын

19coyote80 I really do want to hear a compelling case against what was stated in the video. I think the issue people who watched the video and disliked or just instant disliked when looking at the title are just laser focused on their own person feelings about "income inequality" Not to get too overly political here, but this is one of the reasons I voted for Trump. His stance on making those with big money and also companies get better deals to work within the USA. Income inequality is very much a good thing.... If the money is being spent where it can effect your market.

@loadnlock357

7 жыл бұрын

please explain how any of this is wrong

I wish that I was a conservative. Life would be so much easier believing this stupid stuff instead of actually having to use my brain.

@nixpix814

Жыл бұрын

Zero refutations presented. Just a standard leftist screech and grabbing for other people's money. Get a job kid.

@koba4691

Жыл бұрын

Same

@stayswervin554

Жыл бұрын

Where did they lie

@misterauctor7353

Жыл бұрын

Anyone who has a brain would agree with the video.

@ashleymahoney6378

11 ай бұрын

Envy makes you a lesser equal

The problem with the income inequality gap isn't exactly the gap itself or that there is inequality. The problem is that we've reached a point in our economy where one with much can buy the means to make the gap much wider. If you have the economic power to use your resources to buy out your competition, gain political leverage, or to entrench yourself from said competition, or have the means to fuel your fortune abroad, then there is little stopping you from doing that.

This video should be called "Why capitalism is good."

@oldman6688

7 жыл бұрын

That's already what we call 404 pages where I'm from

@vertrauen3777

7 жыл бұрын

It could have been called that, but I like that it was titled "Income Inequality is good". That is something you very rarely, if ever, hear. It's become second nature, even among some pro-capitalists, to assume income inequality is bad...when in reality it's just a natural by-product of successful free markets.

@marlonmoncrieffe0728

7 жыл бұрын

+Guybrush Threepwood Yeah. The best economies have mostly free market capitalist systems with back-up socialist systems filling in the gaps. I wish America would stop moving away from this.

@oldman6688

7 жыл бұрын

***** Why write all that novel when you could write "I have no idea that capitalism is private ownership of capital and not a market economy"

@oldman6688

7 жыл бұрын

***** No, capitalism is private ownership of capital. Group ownership of capital is shown by cooperatives. That's not what the wikipedia page says. Or the dictionary.

A person who inherits a bunch of money is inherently better and a harder worker... I'm sure... Let's just ignore that cornucopia of social issues associated with high wealth disparity and how trickle down economics just leads to the wealthy hoarding money.

@IXISparky

7 жыл бұрын

oh no, someone's dad worked very hard to give his son all of his ALREADY TAXED income...

@hayleyberry3437

7 жыл бұрын

well if the kid is not smart and hard worker he will lose the money, see how your mediocre ideia fails? even if he hires someone to manage his company if he doesnt make the right choices he will lose the company, and who cares the company is creating millions of wealth!

@karozans

7 жыл бұрын

+Hat21 If you use the word "hoard" when it comes to money, then you are already a failure. It shows that you have a fundamental misunderstanding of what money is. The rich do not, and never will hoard their money. If you want to go from rich to poor in about 20 years, you will hoard your money. In order to stay rich, the rich invest virtually all of their money in sound investments. Only a sucker hoards his money. If you were to stick a gun in Bill Gates' face and make him empty his bank account to you, you'd only get probably a couple million dollars. Maybe not even that. All of Bill Gates' $80 billion dollars is tied up in Microsoft as well as many other organizations, businesses, stocks, and bonds. This is what drives the economy.

@bobjenkins4925

7 жыл бұрын

This is true but look at the other end of things. There is in my opinion no better reason to pursue fortune than to create a better life for your family. We don't ultimately live in an individual society, but a family society. I shudder to think of the kind of spending patterns that would be created by having people not be able to give their money to their children after death.

@maxradke2189

7 жыл бұрын

If you had a son, wouldent you want the best for him? would you not what him to have an easy life full of joy and whatever they desired? inheritance does just that. And even if you want to be a rebel and say "No, I want my son to have challenges and life expiriences" then tough luck. not everyone thinks that, and if we are going to be truely free then we must allow people to will their assets. is it fair? not really, but just because it is not fair, does not mean that it is not right.

I take issue with the 1% club "being always open to new members"

@CorrectCrusader

5 жыл бұрын

Gregory Pasciuto I’ve been in the 1% club twice. It’s up to you to get in there.

@mamasita6103

5 жыл бұрын

if ur worthy

@futurethinking

4 жыл бұрын

@@CorrectCrusader No its not, for current generation, door is closed shut

@CorrectCrusader

4 жыл бұрын

@@futurethinking Absolutely not. I'm in Gen Z.

@futurethinking

4 жыл бұрын

@@CorrectCrusader Right, just answer few questions, how loaded were your parents?, also are you an Instagramer/actor/athlete, etc.? You know you cannot based your socio economic policy on everyone being a celebrity. Now, one last question, please tell me how a high school graduate with no money from his parents and no connection to get into medical/law school can get into 1%, assuming he is in the top 1% in terms of intelligence and work ethics. Also a hint, college, even stem fields are not an answer. Medical/law is but FYI, right now you need connections in addition to perfect GPA to get into those for the top 1% of the students.

KZread channel funded by billionaires tells you wealth inequality is actually good. In other news, water is still wet

@Seraphimthong

3 жыл бұрын

The rich people own youtube, so they are trying to brainwash us into believing in their system.

@ee-ef8qr

3 жыл бұрын

@Boe Jiden Hey if you hate China stop using iphone

@ee-ef8qr

3 жыл бұрын

@Boe Jiden Cause the iphones are made in China

@ee-ef8qr

3 жыл бұрын

@Boe Jiden because it's communist

@ee-ef8qr

3 жыл бұрын

@Boe JidenHey at least your not as belligerent as other conservative

income inequality is good, with a thriving middle class. however, when the middle class disappears, and you are either in a wealthy upper class or lower class/ on the poverty line, that's when it becomes a problem. and unfortunately that's the track the united States has been on recently.

@spamilio

6 жыл бұрын

Notorious Tortoise the issue is that all the poor in America are living better than the middle class of 50 years ago, so they have redefined the middle class as being in a state of poverty. Everyone is actually doing pretty amazing. And they could be happy too, if they stopped being jealous and resentful and started being grateful.

@Admiral45-10

4 жыл бұрын

In Poland we have three classes: Poor, Middle, And polliticans. P.S.: I know your Left can get a little bit stupid, but if it doesn't proudly says, that it will reduce American Independence, then it's better than Polish one...

@AnimMouse

3 жыл бұрын

@@Admiral45-10 And that's not free market.

@Admiral45-10

3 жыл бұрын

@@AnimMouse who told you Poland is Capitalist (it is not - we're a mixture of traditional Socialism and Neoliberalism)?

@vkrgfan

2 жыл бұрын

The pendulum his swing, so it’s just a matter of time before we see more violent revolts of lower class.

Can't wait 'til Ferraris become affordable to all!

@bruce5868

7 жыл бұрын

Stoked Formula one technologies like paddle shifters Push button ignition And carbon fibre have already made their way to road cars to improve efficiency and performance. A modern day Ford fiesta rs could spank a 1960s Ferrari around a track.

@steficristian6003

7 жыл бұрын

That's not the point.

@Fals3Agent

7 жыл бұрын

*woosh*

@MrBeef-sh3lc

7 жыл бұрын

There is a difference between new products and higher tier consumer products. What was described in the video were new inventions, making them higher in price since they aren't mainstream yet. Since I work with computers, I'll talk about computers as an example. When the computer was an new invention, the components were custom made, making them expensive since there weren't standards at the time. An Intel i7, though, is the higher-tier version of Intel's other processors, with other perks, like more cores and threads, making them more expensive since they are a higher tier version of an existing product. For your Ferrari example, those cars are a higher tier product, usually custom-made, higher value, versions of the same car you can buy at any local dealership. Any argument you could make is invalid because you gave a higher-tier version of an existing product the same value as an new invention.

@GMWsho

7 жыл бұрын

Yeah, the old days, only the rich could get cars. Now you can drive one at minimal cost and as time goes on, you will drive a car as good as a Ferrari. Just like a corolla today would be better/faster than a car from way back.

This video gives me “Inequality is not wrong, equality is!” vibes

@Gabriel-sr1ld

3 жыл бұрын

because equality is always associated with Left

@BrotherTree1

3 жыл бұрын

Inequality is good when moderated properly, and equality is good when moderated properly. They both have to exist in a balanced state or we'll tilt in one or the other direction towards hell.

@boejidenthepotato8930

3 жыл бұрын

Equality is not wrong.but what the leftists want is equity.which is totally wrong.

@davidhendersonii221

3 жыл бұрын

listen to the damn video and the fact that you got any likes...

@student6393

3 жыл бұрын

A sad amount of people don’t know the reference :)

Got no issue with Capitalism, but crony capitalism has got to end. AND the Tax code needs to go and replaced by the Fair Tax.

@kelvinseth6045

5 жыл бұрын

What is a fair tax, if at all anyone should be complaining about unfair tax it is the rich.

@kelvinseth6045

5 жыл бұрын

Flat tax is the best definition of fair and equality the left always seem to be trying to achieve.

@eugenespolicyproductions477

3 жыл бұрын

KELVIN SETH amazon paid a 1.2 percent tax rate in 2019 and Verizon got a tax refund.

@constantinshim4271

3 жыл бұрын

Robert St.Claire Democrats are going more and more to the left, which means they are starting to hate the rich.

Income inequality is nether good nor bad. Mexico, the country with the highest inequality, is not very prosperous whereas the US is third on the list and doing well. Greece is high up on the chart and isn't a great place to stay but the U.K also has a fairly large amount of inequality yet is well-developed.

@itszaza5937

7 жыл бұрын

'Doing very well! LOLOL

@itszaza5937

7 жыл бұрын

You can't group up UK w/ rest of the western world. And say Mexico is all of the non western worlds USA is an exception and so is Greece.

@CowboyLuigi

7 жыл бұрын

That's because Greece has no rich people and neither does most of Mexico.

@emocowboy4684

7 жыл бұрын

Not only that but Mexico is run by drug cartels

@CowboyLuigi

7 жыл бұрын

RYANimations Deadly ones as well, if I might add.

I work at a McDonalds in Canada. I am a teenager who works around 15 hours a week at the McDonalds at $10.55 cents per hour. I hear alot of my adult coworkers who are over 27 years old talk about how horrible it is that people are rich and that its horrible that money is not shared aka Communism. I completely disagree with them. These Mcdonalds workers deserve to make minimal wage and they make that amount because they never took any risks in there lives. Like starting a business. Risk can either be a failure or be extremely rewarding thats the beauty of capitalism. One day when I was working our main head boss came in. The owner of our particular Mcdonalds restaurant and 4 other ones spread out in Ontario. Some of the people I work for hate the man even though he looks pretty friendly to me. They think that hes a greedy old man. Well I dont hiss at that man. He is a true capitalist. He has alowed me to get a job. The money that his business has given me is helping me to save up for college. He gave me a job when no one else in my town would. He allowed me to buy a car and continues to allow me to put gas in that car. He has allowed me to put money in a savings account for my future. He has created over 500 jobs in Canada. He took the risk of opening up these restaurants not even knowing if they would succeed. I love my boss and every idiot in that restaurant should see the great things that this millionaire has done for them but they cant. Because they are ungrateful government loving socialists where as I am a conservative who embraces the 1 percent and believes that they push our country forward.

@aaronscott8246

7 жыл бұрын

It really depends how you view the world some people see it as a glass half full and others half empty. Those that see it half empty complain about unfair treatment, and never get to see those opportunities given to them. Instead they just squallow about unfair harsh treatment and the inability to do well putting blame on others instead of looking at themselves and their mistakes in life. I'm glad you're able to look at your life and appreciate the opportunities given to you. Everyone can bitch and moan going through life or have a positive wealthy attitude regardless of the past.

@lukeaustin6884

7 жыл бұрын

Yeah, you chose to drink the half-full cup while others were complaining that it was half-empty. I hope you can succeed in College and get up at least a notch or two because you are willing to commit/sacrifice to make a better life for your self.

@GamingWimpGW360

7 жыл бұрын

Not every goal you want is straight forward or achievable.

@aaronscott8246

7 жыл бұрын

+Gaming Wimp If there's a will there's a way. at the same time we all have to be realistic.

@austinhernandez2716

7 жыл бұрын

I'm 18 also working at a fast food restaurant making minimum wage and I agree with everything you stated.

"...and your own life proves it!"

Cherry-picking of facts and presenting them as arguments. It just made so much sense. No one argues that a persons hardwork should be rewarded, but the question what is the right reward for it. Is luck at play, is crony capitalism is at play.

@alsmith5147

5 жыл бұрын

Ashish Singh What do you think cognitively biased plus incentivized left leaning academics are doing in their research papers?

@kelvinseth6045

5 жыл бұрын

The right reward is what the free market decides.

@teerificbitch

4 жыл бұрын

Toothpaste can be sold at $1 a tube, and the business owner can still become a billionaire. So what right do you have to decide what is the right reward? Employees earn an income based on a contract they signed and agreed upon. They are privy to certain bonuses if the company is financially healthy and achieving targets. They DO NOT have to fork out a single dime when the company is in financial trouble or the owners stocks lose 90% of their value. Yet everyday, you have people crying about how they should be paid more, all while not taking on additional risks themselves. How is that fair? My father had >5 businesses fail before his last one worked out and he made it big. He was in debt by that point. Should his employees be as well paid as him? Should he need to pay more than the market just because you're poorer than him?

Good theory, but practical markets are not free, that's the issue. Markets get manipulated by the big players and financial systems which prints debt money for them and earns interests for it which the working class has to cover.

@jongmagee

7 жыл бұрын

Andy Mayer free markets get ruined by corporatism.

@sdraid8458

7 жыл бұрын

that's cause of government becoming big and crony capitalism

@red2theelectricboogaloo961

6 жыл бұрын

socialism is a system that allows people to literally do nothing. you know that right?

@pegoe7784

6 жыл бұрын

Andy Mayer by the big players i assume the ones who actually are smart in that area?If so become smarter than them and outsmart them make them do what you want and also more hard working but you wouldn't would you?

@andyz.5431

2 жыл бұрын

@Quinzerrak The "state" is the problem by suppressing people, dividing them and using force like with the flu laws.

Inequity is good until you find yourself in a revolution.

@tatebrown5733

5 жыл бұрын

Rodus Gonna start a revolution because you won’t provide a service or product people want and other people will?

@blove142

5 жыл бұрын

No one is going to revolt while holding an iPhone, watching a big screen tv, eating great food, and driving a nice car. Did you even listen to this video??? And what would your cure for inequality be?? Equal income for ALL, regardless of ability, talent, motivation, work ethic.? THINK

@YamPoop

4 жыл бұрын

@@tatebrown5733 a service like cleaning up bathrooms or working in the food industry is something everything needs but people apparently don't think they deserve as much money as somebody who cheats the system, undercuts competition, and steals money from the working class.

@tatebrown5733

4 жыл бұрын

@@YamPoop little to no skill deserves little to no pay. That's supply and demand. It doesn't the intrinsic value of a human. Just the value of their skill

@YamPoop

4 жыл бұрын

@@tatebrown5733 so basically you're advocating for slavery if they deserve little to no pay.. well, if you don't pay those people then what's the point of hiring them? If you're not willing to pay them, you should just clean the bathroom yourself and make your own food rather than expect people to do that shit for you for free.

“The existence of the wealthy is what matters most.” I hope I don’t have to point out what is wrong with this sentence.

@rmh941

4 жыл бұрын

There's nothing wrong with it. The very wealthy are carrying the economy. They have he most brain power, best work ethics, and best vision for the future. And they are the only ones giving the federal government a positive net gain in tax revenue. Everyone else is getting most of the money they gave the government back through entitlements and handouts.

@beatthegreat7020

4 жыл бұрын

I don't quite understand how the most wealthy would ever be able to carry the economy. I believe in a more bottom-up system, where the workers are the ones actually producing products and putting worth into the economy, and that as you "climb the ladder" (going from factory work to office to managerial) your benefit to production steadily decreases. If you count all the benefits of Amazon to Bezos, then yes, I can see why you would think the way you do about this, but I don't. Yes, wealthy people spend more than poor people, but I think that the main problem people have is that there gets a point where no personal expenses could ever allow them to put the money that they took back into the economy. When you become a billionaire, your level of wealth is so inconceivable to the mind that it become ludicrous. This is money taken *out* of the economy, not put in. Mark Zuckerberg's $88,100,000,000 net worth is never going to be spent unless it's given out across millions and millions of people. I will also dispute your idea that the rich are somehow more intelligent then the rest of the population. This is in some ways true, as they are able to access a far superior education, but I think that what gets people to these levels of wealth is that they often had great deals of wealth and connections to begin with. Bill Gates would never had gotten to where he was, no matter how smart he is, if his parents hadn't helped out considerably with his finances and business partners. Being rich or becoming rich has nothing to do with intelligence.

@rmh941

4 жыл бұрын

Beat The Great Nothing to do with intelligence? It’s hard to take you seriously if you believe that.

@Edax_Royeaux

4 жыл бұрын

@@rmh941 Are you really saying the wealthy Hollywood celebrities have the most brain power? I've lost faith in humanity now.

@rmh941

4 жыл бұрын

@@Edax_Royeaux I never said that. I said the wealthy, its a generalization. Some wealthy people are stupid and out of touch.

My experience has been that those who tout "the free market" the most are the ones who subject themselves to it the least!

Motorola made the first phone in 1973, not 1983.

@audaciousfish

4 жыл бұрын

True, but the first cellular phone you could buy was the one mentioned in the video, available in 1983. en.wikipedia.org/wiki/Mobile_phone#:~:text=In%201983%2C%20the%20DynaTAC%208000x,commercially%20available%20handheld%20mobile%20phone.

as long as those people pay their taxes

@nathanporrata9274

7 жыл бұрын

Taxation is theft

@AndrewBouchierUK

7 жыл бұрын

Nathan Porrata No its not it's to pay for services that you need or maybe your a freeloader who wants to have an education and pay nothing for it?

@nathanporrata9274

7 жыл бұрын

No, I want to pay for my education and my children's education. If its a service I need I'll pay for it. If it isn't, why should I have to pay for YOU to have it?

@AndrewBouchierUK

7 жыл бұрын

Nathan Porrata you most certainly don't pay for your own children's education, yes your taxes wouldn't cover the costs, without the education system these billionaires wouldn't even be millionaires because they wouldn't have an educated workforce capable of doing their job

@nathanporrata9274

7 жыл бұрын

Nonsense. Our current education is a massive failure, soaking more and more of our tax dollars with ever decreasing results. Education can be achieved much more effectively if done on a free market without the use of coercion on individuals who don't want to pay for it.

What happens when a few individuals own almost all the wealth of an entire economy? Is it still good then?

@user-iu1ru1qz7u

3 жыл бұрын

That sounds more like a communist nation tbh, where the few people in the party in power own literally the whole country and the rest have nothing. Now to answer your hypothetical, I have no issue with the rich being rich/richer if there is no illegal element to their business, that just means they were extremely successful and I can't put blame on someone for that. *The only thing that matters is that opportunity is always present for everybody to work hard and succeed and have a good life*. People like Bernie love to make demagogue claims like "the 1% owns 50% of the wealth", but the fact is the US is one of the places with the greatest amounts of opportunity in the entire world, you just need to be willing to work hard with what you've got to attain it. The 1% isn't terrified of you, they're not going to stop to you from getting a job, excelling at it and saving your money and becoming a success, only resentful socialists spend time looking at the success of others with negative thoughts.

@inventor4279

2 жыл бұрын

@@user-iu1ru1qz7u oh god oh no, no one tell him that the 0.5% own the 50% of the money in the world, oh no mr.D over here will feel really bad if he finds this out!

@inventor4279

2 жыл бұрын

@@amiyavatsa mans talking about it like if the rich were 10 times as rich as the poor lmao

@user-iu1ru1qz7u

2 жыл бұрын

@@inventor4279 Again, you mean like the beloved leaders of all commie nations? Inequality isn't a problem, it's a fact of life, it happens on it's own. The problem is when it's forced at gunpoint.

@inventor4279

2 жыл бұрын

@@user-iu1ru1qz7u the fact that it happens on its own doesnt mean its good, and while being forced to it at gunpoint is worse, the endpoint is the same, people not knowing if they are gonna eat tomorrow and people who dont know if they wanna buy their dog 10 or 20 diamond encrusted toys, do me a lil favour, just a tiny tinny one will ya buddy o pal? count to 1 trillion, just 1! lemme know how it goes for ya! oh but i do reccomend you do it a bit fast or itll take longer!

Income inequality is what motivates us to be more productive and do our best. Income inequality doesn't mean people are living in different castes. Even if everyone had the exact same inborn talent, the exact same luck, and the exact same upbringing, America would still have tremendous income inequality because people are constantly entering and exiting certain brackets.

>Dell >Incredible I shit my pants laughing.

@topgear_75

3 жыл бұрын

True.

This exploration of inequality is worthwhile for several reasons, but the explanation of why inequality is "good" must be addressed first. It is, or should be, self-evident, that the argument is essentially valid. People with more disposable items are, by definition, more willing and able to purchase expensive, cutting edge technologies, thereby both encouraging technological development, and supporting new industries when they may be at their most vulnerable stage. This is unquestionably a cornerstone of survival for new tech as it makes its way towards manufacturing economies of scale that make mass dissemination at affordable prices possible. However, while this position seems to hold up very well at first blush, it is, in fact, built on a house of cards. First, the current level of wealth inequality is vastly greater than what is necessary for early adopter-dependent, nascent industries to grow. In point of fact, the wealthiest one percent, indeed, the top ten percent of the population have far, far more wealth than can be spent on expensive consumer goods, new or not. If this fact existed in a vacuum, it might be innocuous. However, this almost unimaginable amount of wealth - held by the richest - is largely responsible for conditions that are, ironically, undermining the heart of this very argument. The amazing technologies rightly highlighted in the video are not the product of a few clever individuals, small teams, or even large, wealthy corporations. They all, without exception, arose from decades and decades of basic research, scientific exploration, and experiments in applied sciences. All enabled not by the wealthy, but rather funded by the gathered resources of all the citizens of the various involved countries - largely the United States but with important contributions from many others. Scientific research is costly, usually involves long-term promises of financial support without the need to immediately see a return on the investment, and provides the kind of flexibility indispensable to scientific discovery and understanding. All the wonderful gadgets mentioned are built on the foundations laid by government research funding. Without governments capable of, and far-sighted enough, to provide resources, you and I would not have cell phones, or flat screen televisions, or laptops. But governments are, obviously, funded collectively by tax dollars. In the United States, the people long ago decided to do together what they could not afford to accomplish separately. The freedom, rightly and well highlighted in the video, to pursue ones ambitions, are not purchased without significant investment, and making that investment is a collective enterprise. We have lost sight of that, it seems to me. We have allowed the wealthy to forget that the ground on which they build and the roads on which they drive are public resources only possible because of the will of the people. And, above all, that the freedom they enjoy was, and remains, purchased by the treasure of all Americans. The cause of the tremendous increase in wealth inequality over the last 40 years, a subject meriting separate consideration of urgent character, has been a gradual shift of political influence from the larger bulk of the population to a much smaller, very rich few. The mechanism has been largely that of tax policy changes (although many other critical mechanisms meant to nurture the American middle class have been successfully targeted) and the consequence has been government spending deficits, and among other things, a steady decline in government funding of basic research, university support, grants for scientific inquiry, etc. By way of example, just look at NASA and space exploration. The technology to establish a base on the moon, and nearly that necessary to put people on Mars, has been around for decades. And while the blunting of expectations for space exploration has several causes, funding shortages have been the most debilitating factor hamstringing national ambitions. Ambitions the results of which were considered inevitable only a generation or two ago. But the drastic defunding of NASA, associated organizations and industries is but the tip of a very large iceberg. The discoveries that enabled, fueled, and arose from all the scientific disciplines involved in space research are only a small part of those which have contributed to our technological progress. And all of this leaching of public resources has come of the desire of a rich few to retain more, much more, of the wealth they have acquired. Of course, to keep more, they must contribute less. And those reductions have been at the expense of everyone else. So, not only are fewer people able to afford the latest tech (early adoption actually goes down, not up, as inequality grows) but for those many who can still afford it, there are fewer and fewer "breakthroughs" to purchase. Manufacturers, increasingly bereft of new technology ultimately dependent on government-funded basic and applied research, rather desperately churn out incremental "improvements" of old technologies, often without generating much public enthusiasm. Clever marketing attempts obfuscate the lackluster reality, urging us to buy "exciting, breakthrough" items that are - at best - just incremental improvements on decades old-products. How long have top consumer computer processor speeds been moribund? Is it really a breakthrough to roll out 9.2 surround sound, after 9.1, 7.2, etc? Yes, the images provided by first HD televisions were noticeably sharper and more beautiful then CRT TVs, and the sets took up less space. But they are still just...televisions. What about the contributions of the visionary, vastly wealthy entrepreneur? What about, since I went on about NASA, Elon Musk and Space X? Yes, Musk is pushing an exciting idea using wealth he has gathered largely via his own ambitions. But what is the vision for space X? What new technologies is it developing? If it works, Space X will provide heavy lift capability for carrying materials into orbit. Using rockets. If that sounds familiar, it's because NASA was doing that, and far more, 50 years ago. Oh, and Space X is to carry tourists into orbit. Rich tourists. Using Rockets. Thank goodness for wealth inequality, driving such exciting innovations. There is of course far more to these arguments, and many more salient examples. How about self-driving cars? Great! They will hopefully save thousands of lives every year. And they will strip about three-million Americans of their jobs, re-directing that money into the pockets of those who will own the fleets of autonomous vehicles. But aren't they at least new technology? No, they are sideways extensions of existing technologies, refined and applied to a different market. What about consumer quadcopters/drones? Again, no. Military research funded largely by DARPA, and overwhelmingly commercialized via middle-class hobbyists, not the beneficiaries of wealth inequality. All of these examples and more force the thesis of the video into a state of rapid decomposition. It is a superficially plausible point that cannot be maintained under even the slightest scrutiny. However all of this may point fingers, the fact is, the very wealthy are not evil. They just cannot help themselves. They cannot stop seeing the world in zero-sum terms, or stop hoarding resources like children eating cookies. They don't intend their impossible-to-spend fortunes to destabilize entire economies when awkwardly stuffed into markets like housing, junk bonds, derivatives, or the internet, that become bubbles as a consequence. Like the rest of us, they are at the mercy of unconscious instincts. They see themselves as deserving, wise, and the only people capable of responsible use of vast resources. Regrettably, they often screw up, just like the rest of us. They think in the short term, can't grasp the big picture, cling to long-and-vigorously disproven fantasies of markets, invisible hands, even-playing fields and meritocracy. And like all of us, they are incapable of recognizing the ways they will leave the world worse than they found it. Whether or not a waitress can afford a selfie-drone or a trip into the stratosphere. The only difference is, they have the power, via ever-exploding levels of inequality, to do far more damage than the rest of us.

@scottmuhlestein25

4 жыл бұрын

thanks for this long and thoughtful reply

@prashantghimire8187

4 жыл бұрын

Get a life

@nicholasawesomepants4293

3 жыл бұрын

Thank You for writing this

@carllittle1705

3 жыл бұрын

Can you sum this up in one word or at least in a very short prargraph?

@luc6284

3 жыл бұрын

Excellent comment

“You are free to pursue a path in life that you believe best suits your talents” Then why is it in 1970 to pay off the annual tuition for Yale it took only 4 daily hours at a minimum wage Job while now it takes more than 17 hours daily at a minimum wage job for the same university. Where in real terms annual tuition for that university has increased from 15,000 to 45,000. Not very “free” if you are under a crushing amount of debt from loans tantamount to usury to “pursue a path in life that you believe best suits your talents”

@JNM578

4 жыл бұрын

That's the problem of government involvement in the markets, not a free market.

@isaachanauska3001

4 жыл бұрын

News Man right, government guaranteeing loans allowed colleges to increase the tuition because they knew the students would have extra money to pay for it

@Atilla_the_Fun

3 жыл бұрын

@@isaachanauska3001 In other words, we should deny access to students to pursue their dreams because muh free market. Don't tell me that free markets have equality of opportunity then

@Atilla_the_Fun

3 жыл бұрын

@Usuário Sarcástico Again, you can be against government trying to maximise access to education but then you cannot go ahead and say this is equality of opportunity. Honestly, why are you giving stock free market fanatic replies instead of actually thinking critically about the issue?

@Atilla_the_Fun

3 жыл бұрын

@Usuário Sarcástico So do you think government started giving relatively cheap loans to students because they already had access to education?

I like how most people just downvoted this video without even seeing what they said lol

@kageedit354

4 жыл бұрын

how do you know?

bow down to the rich because WE KNOW WHATS BEST FOR YOU

@alsmith5147

5 жыл бұрын

natureman494 More like bow down to the government lol

@oceanwaves83

4 жыл бұрын

@@alsmith5147 yep

@petehoward8494

4 жыл бұрын

No, that's the view of the Dem governors who still have you on lock down.

@2kmichaeljordan438

4 жыл бұрын

Rich ain’t the problem, it’s the government

@2kmichaeljordan438

3 жыл бұрын

Nonso Okonkwo I cant topple the cunts because they also do important stuff. I want less business regulations so it’s easier to start a small business

He makes it sound all good with his sugar coating method of saying be grateful, but the real question people want answered out of this is, "How can I get out of my poor situation?" Whether income inequality exists or not, I don't care. I just don't want to be on the poor side of it. Anyone who identifies with this idea, take the time to read or listen to "The Richest Man In Babylon" The best beginner book you will ever read on the subject.

@pegoe7784

6 жыл бұрын

HERE IS THE SECRET.Work hard and get smarter

Someone get this man some fava beans and a nice Chianti

The man's face is small to the head in such a way it is funny

Skimmed over a lot of important shit to reach that conclusion

@duncanm716

3 жыл бұрын

LmAo I think 45,000,000 Americans living in poverty would disagree with this guy.

@olegp2420

3 жыл бұрын

@@duncanm716 Yet, they buy latest iPhones, have Netflix and order-in food...

@duncanm716

3 жыл бұрын

@@olegp2420 the people you are describing are those in low wage positions who aren’t financially wise, not Americans who struggle to buy food and are moving from place to place to find work in hopes of being able to settle down.

I'm glad those hardworking rich people who had the drive to be born unimaginably wealthy get to benefit from new tech years before I do, Yep I am grateful for that.

@Nmccune

7 жыл бұрын

Only about 30% of the wealthiest individuals were born into that "unimaginable wealth". Next time do some research before making incredibly stupid statements. www.gsb.stanford.edu/insights/joshua-rauh-what-forbes-400-list-says-about-american-wealth

@Blitzeking

7 жыл бұрын

Nick McCune Something I would like to point out is A: The Forbes 400 isn't a ballot of all the rich people B: Far more than 30% inherited multiple millions of dollars C: My statement was more a jab at the condescending this video was doing not a universally accurate statement.

@Nmccune

7 жыл бұрын

Keven Mortensen Alrighty I understand your point.

@handsfeetministryeastgate8182

7 жыл бұрын

If I am successful, I shouldn't be able to pass it on to my kids?

Brought to you by the Koch brothers

yo, does working a minimum wage job best suit my talents as an individual? does it help me further my education to work toward a job that does? i think not

@Axeallot

5 жыл бұрын

You could do other stuff If you prove to have the ‘talent’ To be fair we build our future from the moment we get into school. And most of us just go ahead and reap the cheap thrills and forget this fact. Most of us fail because we fail to see our future is dependent on what we do now! We were kids after all If anything I blame the current mainstream culture for all this. Disney and other such corporatists

@kelvinseth6045

5 жыл бұрын

Many of the 1% today worked minimum wage as well at some point, so it is in your hands to be among the rich, it's a free market.

@oceanwaves83

4 жыл бұрын

@@kelvinseth6045 I wish it was a free market. Government intervention has spoiled it.

@sten260

4 жыл бұрын

minimum wage job is for the lazy people who rather than study hard and go through the shit to get that well paying job, they go for the most easiest route - shitty job where they hire anyone, that requires no extra skills

@petehoward8494

4 жыл бұрын

Then get a better job. Up to you.

When your rich father payed your way through college and you become an "economist"

@michelr8817

5 жыл бұрын

Sullivan K Classic excuse of a classic loser

@JohnSmith-qf7uq

4 жыл бұрын

How did his father get rich? And his father's father?. Someone at some point made a living so their future generations could live well. Isn't that what were all trying to do?

@khalidsuleman4124

4 жыл бұрын

@@JohnSmith-qf7uq just because one person worked a long time ago doesn't mean all following generation are excused from hard work

@Admiral45-10

4 жыл бұрын

This doesn't mean, that after University you work less, than anyone else...

1. Not all people, even in the United States have equal opportunities. Offsprings of rich families usually becoming rich, from poor families - poor. In overwhelming percentages. 2. Yes, our average standard of living gradually is improving, but for enormous environmental costs. And it would be unstable. 3. The richest 1% get so much in many cases in the cost of poor people. 4. The richest people mostly not inventors and entrepreneurs. They are financial moguls, which contribution to society is not univocal.

@NicholasASMusic

7 жыл бұрын

WTF?! ANOTHER JEALOUS BRAIN DEAD SHITSTAIN ! Steve Jobs, Bill Gates, Jack Ma ???!!!! ETC

@hashaborgonja

7 жыл бұрын

Wow, three people. What if I was to point you to a money stained vampire like George Soros...

@hanniballecter7259

7 жыл бұрын

***** See Forbes lists, my dear libertarian.

@NicholasASMusic

7 жыл бұрын

JEALOUS SHITSTAIN GUYS, JEALOUS BRAIN-DEAD SHITSTAIN ALERT !!! Always blame/ ask what others can do for me - by SHITSTAIN NOWADAYS

@hanniballecter7259

7 жыл бұрын

***** Can you argue or only shitposting? It's sad.

If I were teaching someone how to construct propagandistic arguments that ignore things like "context," "complexity," and "data," I would show them this video.

@willnitschke

7 ай бұрын

Did his facts hurt your feelings darling?

@willnitschke

7 ай бұрын

@KickboxingTALP they hurt your feelings too? 🤣

@willnitschke

7 ай бұрын

@KickboxingTALP You sound pretty upset though. If you just post smiley at people like a moron that means you're angry. Can you get to a safe space from where you are now in time? 🤣😅😂

@willnitschke

7 ай бұрын

@KickboxingTALP Thank you for admitting you're a dumbnuts. I appreciate the honesty, given you're a Socialist. Very rare quality. Give yourself a cookie! 🤣😅😂

No words on the gini coefficient and its relationship to crimes?

@rejika22

4 жыл бұрын

Thank you for pointing it out 🙌

@donaldanderson6578

4 жыл бұрын

@@rejika22 My pleasure!

@jingermcblabbersnitch7162

4 жыл бұрын

No, that would require using actual data connected to reality, which would topple their argument

@edwardosmemes

3 жыл бұрын

Poverty and inequality aren't the same bro

@jingermcblabbersnitch7162

3 жыл бұрын

@@edwardosmemes Yeah, they aren't. There is evidence that higher levels of income inequality, regardless of poverty, leads to higher levels of social instability.

A socialist sees a mansion and says "no one should live like that". A capitalist sees a mansion and says "everyone should live like that".

@axiezimmah

7 жыл бұрын

A socialist would want everyone to live roughly equally, if there's room and enough material for everyone to live in a mansion, that's great. A socialist doesn't want everyone to be poor, but it wants everyone to have a good live at least. a capitalist just wants everything for himself, even if that means there's nothing left for anyone else. In fact ESPECIALLY if that means there's nothing left for everyone else, because they want their possessions to be exclusive. It's not enough to have something, you must have something no one else has, because reasons. Capitalism is what's wrong with this world.

@timffoster

7 жыл бұрын

bingo

@AvailableUsernameTed

7 жыл бұрын

What do you need a mansion for? I just need a home and so do my neighbors..

@starwarzfan49

7 жыл бұрын

"capitalsim is whats wrong with this world".....lol tell that to stalin, hitler, musolini, kim jung un, and the thousands of other socialist/communist dictators. grow up kid, bernie ain't your savior, he sold out to hillary

@SomeRandomDude000000

7 жыл бұрын

"A socialist would want everyone to live roughly equally" equally shitty

It's sad that we are not in a truly free society. :(

our gini coefficient was increased to 22 now. i'm losing some sleeps but thanks to this video now i know our economy is getting better despite our gdp per capita going nowhere

@isidroguzman9815

2 жыл бұрын

oh, my sweet summer child. you're being played like a damn fiddle...

@lolalex556

Жыл бұрын

Stagflation in the neoliberal era 😩🙏

@nocucksinkekistan7321

2 ай бұрын

@@isidroguzman9815 sure buddy

@nocucksinkekistan7321

2 ай бұрын

sure

Look on the bright side, my income inequality made me who i am

Capitalism has it's flaws, but I'd rather have Capitalism and work on those flaws than have communism or socialism.

@harrison6082

6 жыл бұрын

It's the least worst option

@sashingopaul3111

6 жыл бұрын

R goldy high taxes.

@nikolaosfouras7474

6 жыл бұрын

This video is retarded.

@GurtNuva

6 жыл бұрын

Except you'd have to be a moron to support socialism lol

@constantinewren5142

6 жыл бұрын

R goldy Socialism sounds good, but only feasible and affordable when a country has only white people. Colored groups will screw it up. From an Asian who's honest about truth.

I can't wait until a modest million dollar home in a decent neighborhood becomes affordable.

The reason things got cheaper was not because of entrepreneurs it’s because workers found ways to make things cheaper

@willnitschke

2 жыл бұрын

So you're saying the workers aren't successful because they're so clever and the entrepreneurs are so successful because they're so dumb. Makes sense, in Socialist Clown World... ;-)

@mrmanguylol9330

2 жыл бұрын

@@willnitschke I never said that

@mrmanguylol9330

2 жыл бұрын

@@willnitschke workers aren’t successful because of multiple reasons

@mrmanguylol9330

2 жыл бұрын

@@willnitschke there is a reason why they are Entrepreneurs they made an idea, that is very smart, but most innovations are made by workers. Scientists and Engineers are workers

@willnitschke

2 жыл бұрын

@@mrmanguylol9330 Of course you never said it. It's just the inevitable implication of what you wrote. Which is why you never said it. It would make you look even dumber than you are.

I’m currently writing a paper on if a person can make too much money in todays modern economy. Can anyone recommend talking points or sources to get me started

hey from kurdistan..i watch videos to improve my english ability ..

@slydog42069

7 жыл бұрын

Hello friend! I wish you well on your journey to learn English!

@truebluekit

7 жыл бұрын

I too wish you well on your journey of study. Why don't you watch SciShow, it's quite a good channel. They speak a bit fast, but maybe it will help you out.

@lacosa4597

7 жыл бұрын

You're doing quite well. Continued success my friend.

@rebarkhalil4304

7 жыл бұрын

+truebluekit i watch a lot of channels. like rachells english. vsauce. thoughty2 and others but this channel speakers are speaking in a very great way thats good for active lestning. i will watch yours too. thx

@rebarkhalil4304

7 жыл бұрын

+First Name Last Name we are a rigion in iraq but we are not arabs. we kurds are seprated from 1918 into iraq and iran and syrian and turki..but we have our language and culture and everything that any nation have except we dont have our freedom country yet

Income inequality isn't inherently negative, the problem comes when the disparity begins to cause pain to hard working responsible people.

@WINZ0W

2 жыл бұрын

@@m.danielzamzamy7633 Taxes. The Federal Government use to do this with great success. Income taxed over a certain amount is so highly taxed businesses would invest it back into the company rather than give it to any particular individual. This resulted in higher wages and strong companies.

@nocucksinkekistan7321

2 ай бұрын

Literally has never happened once ever.

@WINZ0W

2 ай бұрын

@@nocucksinkekistan7321 America, 1950s. Top marginal tax rate in America was 91%. You could avoid paying that if you invested back into the company instead of extracting every ounce of profit.

At first I didn't see the first word and thought the claim was ridiculous. Then I read the first word and thought the claim was ridiculous.

@nocucksinkekistan7321

2 ай бұрын

Because you're lazy and poor

“Socialism is based” -PragerU

Liberal arts college students: *TRIGGERED*

meanwhile 40% of americans are currently living off of food stamps

@911mastermind

7 жыл бұрын

Because 2 decades ago the 20% that lived on food stamps had nothing better to do than to reproduce like rabbits...

@lSomeRandomGuyl

7 жыл бұрын

Well, when you're poor, what's better than sex? The problem is that the idea of contraception is not practiced. Thanks catholic church.

@arjay5425

7 жыл бұрын

and whose fault is that?

@TheCerealkiller148

7 жыл бұрын

That's because they're too lazy to get a job.

@JWBrinker3

7 жыл бұрын

Yes when someone has a full time job and a part time job at the same time and still need food stamps and can barely hold a roof over their head financially, they are just being too lazy

"The door to the top 1% is always open" yet the poor stay poor because of disadvantages such as having to choose between working full day to live or going to school and dying on your way. "The door to the top 1% is always open" yet the only way to enter from that door is by bringing the rest of the world down, using forced labour, or using power and injustice. "The door to the top 1% is always open" yet most people are too oppressed by their government and/or people of power and aren't even able to move one step before being dragged back down claiming that 'that place doesnt accept people like'

Here's a man in a suit selling you a concept that will profit him alone. He wears a suit. He's rich. He doesn't need to worry about meeting ends at the end of the month. He's rich, so of course he'll say income inequality is good. He'd hate to see that change ;)

@Admiral45-10

4 жыл бұрын

You think rich people don't work? Of course they do - and even more, than anyone else! Wealth doesn't come from nowhere.

devil's advocate: the problem with “unequal wealth” is that wealth translates to power; that is, the “1%” can use their wealth to lobby for laws favorable to them - and unfavorable to everyone else. That is, the problem isn't an abstract notion of fairness; it's a very real notion of influence. I don't want “the rich” dictating how I live my life any more than I want the government doing so. This is the only argument I've seen for why income inequality is bad for which I don't have an immediate counter. Advice?

@AppleBiscuits

7 жыл бұрын

I believe the limit for financial donations, at least to presidential candidates, is 12,500 dollars per person or $25,000 per married couple.

@redwingg1798

7 жыл бұрын

Better education could also be a start.

@dataweaver

7 жыл бұрын

While I agree that many of our problems could be addressed by better education, I don't think this is one of them. That is, I don't think the problem is lessened if people are smarter; in fact, cleverer people could make it worse as they come up with more creative ways to rig the system. What's needed is _wiser_ people, who are less inclined to rig the system to begin with. If wealth was concentrated in the hands of people of impeccable ethics, I'd be much less worried about what that wealth enables them to do. (Unions too: union management may or may not be _personally_ wealthy; but they command the wealth of their Unions, which has the same dangers of not checked in some way.) Trouble is, who watches the watchmen? If you depend on the government keep the wealthy from abusing their power, you're trusting in the moral character the government. If politicians were known for their impeccable ethics, I'd be much less worried about what political power lets _them_ do.

@redwingg1798

7 жыл бұрын

dataweaver Better education would also allow people to understand the system A LOT better than people do. So even if the smarter person could rig the system, since people will have better understanding they could acknowledge the fact that it is fact rigged. But would wiser people help? Politicians and most affiliated with them probably care about the color green than anything else.

@spamilio

6 жыл бұрын

And yet the last few years have proved unequivocally (to liberals' dismay) that money can not buy elections.

Products made for the rich don't come down in price. If that were the case why are Lamborghini's and Ferrari's so expensive still? Technology came down in cost because the rich determined that training the masses from an early age to use technology would help them reduce the employees they have to pay. They also don't want to invest any money in training employees anymore. The rich are doing everything hey can to increase the wealth gap. I don't believe they are bad people for doing this, only inconsiderate. They just want to give their children the best chance in life, as everyone else does.

@jayferguson9968

7 жыл бұрын

'Products made for the rich don't come down in price. If that were the case why are Lamborghini's and Ferrari's so expensive still?' -But the newer cars today are within spitting distance of a lot of those earlier supercars, and a lot cheaper. The ones that still have the edge are still worth more money. And the ridiculously expensive cars are there to prove concepts that would not be able to be explored without the huge price tag. 'Technology came down in cost because the rich determined that training the masses from an early age to use technology would help them reduce the employees they have to pay. They also don't want to invest any money in training employees anymore.' - I don't know of anyone who wants to spend money they don't have to, and many of the rich follow the dollar. If they can do something cheaper, they get more money out of it. It's a balance to find the right line of cost versus outcome. 'The rich are doing everything hey can to increase the wealth gap. I don't believe they are bad people for doing this, only inconsiderate. They just want to give their children the best chance in life, as everyone else does.' - That's the effect, but (as you said) not the drive. They are doing what they can to make more money, because today's society has money as the prime goal.

@keatingsutherland392

7 жыл бұрын

Only reason I think technology came down in cost is because you had 1) multiple company trying to make the most cheap and effective technology 2) they made that technology 3) sold it at a cheaper price than there competition. I don't think rich people get together to see how they as a whole can stay rich together. I do however see how they use that money to buy politicians. That can stop and it's both parties who let it continue.

@LRibeiro97

7 жыл бұрын

+tanker9987 You are right when you say "the rich are doing everything they can to increase the wealth gap". you only forgot to mention that "everything they can do" is with the help of the goverment.

@jimnicholas7334

7 жыл бұрын

+tanker9987 It is important to remember that those are *Luxury* vehicles made specifically to appeal too the rich. However, when cars were first invented (way back when they were called horseless carriages, cars were custom made and only a viable option for the rich. It took the investment of very wealthy individuals to make this product available for everyone. Today there are a huge selection of vehicles, varying in price that are available to most everyone.

@tanker9987

7 жыл бұрын

Tae Hun Park Yes, but that is so they won't have to pay their employees as much to buy a car, the effect seems counter intuitive at first however over 50 or so years the returns start making their way back. The car was also beneficial in helping getting wages lower. Factories and offices were no longer restricted to the people living near by, now they can increase the pool of employees they could pick from substantially and the competition helped keep their wages low. All these luxuries you have in life are great for your quality of life, however all have done their part in keeping you locked into your current socioeconomic position, which is obviously what the 1%'ers want. It's hard to break into the top 1% when for every $1 you earn your company, you boss gets $10. Telling people to work harder and do more overtime only makes the wealth gap worse.

How many rich people need to pay for college tuition before I can afford it?

“The existence of the very wealthy is what matters most” was the point of this video

@willnitschke

2 жыл бұрын

Thinking is not really your thing, is it?

Here in Denmark, we have one of the lowest levels of income equallity, and we have been named the happiest country on earth

@desbest4

7 жыл бұрын

And the highest rates of antidepressant usage.

@HermanWillems

7 жыл бұрын

Then i wonder why she is still with him. She should just go away.

@soulswordobrigadosegostar

7 жыл бұрын

now you're basing it on an isolated case,are ALL MEN in Denmark Agressors,with absolutely no exceptions?Do you hate Denmark because your sister found ONE MAN that beats her?Or do you hate the man that beats her?Kind of irctional to judge a country after ONE SINGLE MAN,another thing,why is she still with him,that sounds kind of stupid

@soulswordobrigadosegostar

7 жыл бұрын

calm down,geez

@soulswordobrigadosegostar

7 жыл бұрын

I have an issue?Why,I just interpreted your phrase as you said that Denmark isn't a place where people are happy because YOUR SISTER didn't had a happy life there,also,Denmark is one of the most happiest countries in the world,just take a quick research and you'll see it,you can't take isolated cases to prove your point,that's stupid

Overly simplistic and overlooks the nuances of our own economy, which is to say we don't have a free market economy. Not saying a government managed economy is the way to go, it isn't, but we do have wealthy have more influence in the greater economy than they should and therefore make it less free or more unfree. It's a softer version of the government playing favorites. If a free market is so good, why can't they let it be free?Overly simplistic and overlooks the nuances of our own economy, which is to say we don't have a free market economy. Not saying a government managed economy is the way to go, it isn't, but we do have wealthy have more influence in the greater economy than they should and therefore make it less free or more unfree. It's a softer version of the government playing favorites. If a free market is so good, why can't they let it be free? For instance, hypothetically, Tyson foods may send vans to the border to collect illegal immigrants to work in their plants at a cheaper rate than citizens. Politicians/bureaucrats overlook this because they are getting PAC, lobbying money and possibly their family gets jobs at some company in return. How can the average joe compete with this? At some point, the acquisition of wealth leverages political power that favors gaining more wealth that even other less wealthy wealthy can't compete against. It's economic hegemony. That's not free market and yet it's what exists in this country, increasingly so. What you call free market has become corporatism/crony capitalism and that will push people into the arms of socialism. Like Animal Farm, some animals are more equal than others. Until that is fixed, the free market is a fantasy and a lie.

a $4000 phone in 1983 is equivalent to a $10,563 phone today. That isn't much money, you certainly don't have to be in the richest 1% to make that purchase

We don’t want income equality. We want to survive without going into debt.

@AnimMouse

3 жыл бұрын

Use debt as a leverage, not something to pull you down.

This video is actually a perfect explanation of why capitalism should be limited to non essentials. Aka "socialism".

@Emper0rH0rde

5 жыл бұрын

Then move to China. You are not entitled to the fruits of someone else's labor. Full stop. End of discussion. Period.

@filipnymnnamn1919

5 жыл бұрын

Moonbat China is a socialist state be cause the government owns the means of production as from 1949

@thebeanienation548

5 жыл бұрын

@Moonbat The Communist Party of China maintains that despite the co-existence of private capitalists and entrepreneurs with public and collective enterprise, China is not a capitalist country because the party retains control over the direction of the country, maintaining its course of socialist development.

@austinbyrd4164

2 жыл бұрын

This comment is a perfect explanation of why our society is ever degrading.

Here is some food for thought for the majority of users and which is heavily underestimated or just unknown to most. Income inequality is commonly attributed to what is called the "Education race" ( Nobel prize winner economist Jan tinbergen). This basically means that, as economies and societies modernize and advance technologically, there is a higher need for skilled workers. This seems straightforward, but it has implications for income inequality. If your stock of college/university graduates does not keep up with the increase in demand, the economic value of a degree actually increases. It's actually proven that college graduate to high school graduate incomes in america have seen a larger growing gap over the decades, not to talk about higher degrees. Coupled with the decreases in educational spendings and rising premiums for higher educations, you will see top percentiles of incomes increase over time and thus income inequality increasing. Now to say that everyone has equal opportunities is naive. In fact, Income inequality in america is currently higher than any developed european country. The myth that there is high intergenerational mobility of income in america is also a lie. America intergenerational earning elasticity is significantly lower than the 13 richest european countries according to OECD data. So heres the cycle : two of the strongest predictors of children’s ultimate educational attainment are parental education and parental earnings. Coupled with the increasing return of investment on higher educational degrees, you will find inequality actually increasing over time and elasticity decreasing even further. Thanks for reading, share your thoughts. If you require sources, I'll be happy to provide. Main theory is based on Pikkety and Saez, and work by David Autor ( MIT professor).

@jacobcannonalder9632

5 жыл бұрын

We need a death tax. One of the most popular comments on this thread is by Arvaa Kuka, "Everyone shouldnt be equally rich. But everyone should have equal opportunity to become rich, and everyond should be able to make his living." This contains implicit flaws. I agree with your second paragraph; you say "the high intergenerational mobility of income in America is also a lie... two of the strongest predictors of children's ultimate educational attainment are parental education and parental earnings." From my own reading, I agree. I've read part of Piketty's Capital and think one of the simple solutions involves a death tax so that wealth is not passed from generation to generation. This video makes me angry. Thanks for your thoughtful response.

1:45, i wouldn't feel like I was in a straight jacket if that "ceiling" was a 5% tax when I hit 10 figures. The entire argument in this video is "You're just poor because you're lazy." Which is a huge hasty assumption.

Your videos are always gonna be free it's youtube

@Mpivovitz

3 жыл бұрын

This channel is dedicated to deceit and manipulation, what did you expect.

Despite all talk about a roof that limits human potental, so is the social mobility better in many countries that are more equal than America. And equal countries tend to have lower crime rates, fewer teenage pregancier, longer life expenctancy, less drug abuse, fewer people with depressions, less obeasity, and people feel as a part of a country and one society instead of just identifying themselves with people of their own kind of class. Without a broad base of consumers you can't massproduce stuff cheaply either. Don'tget my wrong, I am all for taxing hard working people low. Thats why I want a high tax on capital so the tax on labour could be kept at a minimum.

@tanker9987

7 жыл бұрын

Then no one would invest in local companies and you can watch even more jobs go overseas. You still have to be competitive on the world market.

@williamspears1627

7 жыл бұрын

Have you been out of America? Plenty of small businesses out there as well.

@ianprinzing1273

7 жыл бұрын

Yes because Denmark has such a wildly diverse populous. Same with all the other socialist paradises where cars have a 180% import tax because of the protectionism. Watch what happens to those countries in the next decades, as more and more people immigrate and less rich people stay, Scandinavia will become Detroit. It already is, it's just in the boom right now, years of this irresponsible and reckless policy will show its effects to the next generation. And then our grandkids will forget all about it and go start another 'utopia' based on stealing. Thusly the cycle continues.

@ucsb1985

7 жыл бұрын

Diversity has nothing to do with it. There are poor all white communities in the US, as well as poor all black communities. Again, diversity is used when no valid argument is made. Also in Denmark and Sweden, roughly 10%-20% of their populations were immigrants (60-70% outside of Europe). That's more diverse than many states in the US. Not to mention Detroit became the way it is BECAUSE, not in spite of, unequal policies (redlining, racial wage gaps, and a declining tax base). Let's get the facts straight.

@ucsb1985

7 жыл бұрын

In what way is Sweden going "downwards"? It has one of the fastest growth rates in Europe at 3.4% forcasted for 2016. It's HDI is near the top (#14), and is less indebted than a lot of other developing nations. Really, it's doing okay.

This video reminded me of a saying: Society grows great when old men plant trees whose shade they know they shall never sit in.

Now I wonder how the market value of a specific item lowers over time?

Well as long as corpos and rich fellas pay taxes scaled with their earnings and belongings like the lower class people do...

@codorin

4 жыл бұрын

they pay more than their "fair share". start reading. The top 1 percent earned 9.9 % of income. They paid 21.1 percent of all taxes. That is Unfair. They are paying twice as much as what is fair. This needs to be corrected. 1 dollar earned or 1 billion dollars earned same rate, that is fair. it is sad that they pay more than their fair share. Those not paying their fair share should pay more. That is fair. to many free rides, and it should end. edit .... forgot the link. www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110005501 this if for Canada..... the us is simmilar, maybe not as scewed. The top income earners are getting Raped.

@codorin

4 жыл бұрын

@@jaghatarungdomar6033 his is maybe intact... yours maybe not..

@codorin

4 жыл бұрын

he had massive expenses and offset his income which was pretty small. ended up paying no income tax yes. anytime he cashes out any stock he will pay. he is doing more for the US tax base than most people he is still paying tons and tons of tax. He also provides lots of jobs and is generating income for lots and lots of people. what is wrong with him legally using deductions to to offset some tax? it helps people being employed.

@kionashi

4 жыл бұрын

@@codorin can someone please think on the poor millionaires?

@ajpello2003

3 жыл бұрын

@@codorin I pay more than 21%. U cry too much.

"If someone told you that your ambition had limits. There is a ceiling above which you cannot rise. I doubt you'd be happy about it." Yes, and isn't that exactly the point? For the person born to a wealthy family with a good upbringing the sky is the limit. For the person born to a broke family and raised with a troubled upbringing there is a clear restriction placed on their ability to obtain success. A person born to a rich, happy family needs to be hard working to do well in life. A person born to a broke, troubled family has to be absolutely exceptional in their abilities or extremely lucky to do well in life. That's what income inequality is about. Not that some have more than others. That some have significantly less opportunities than others. This video was very misleading

@andrecostin1288

7 жыл бұрын

As legend length said, a lot of very successful people started poor. Out of that suffering they developed strong motivation. Rich people sometimes restrict what they give to their children to try and instil in them that same hunger for success and that they don't become lazy, complacent or entitled. Of course only a few are able to turn their lives around. If it was easy they would not be so few. We can still learn from them eg. By reading biographies, learn, and act. Opportunities can be made or squandered. You cannot buy ambition and mental resilience, but conversely lack of money will not prevent you from accessing them. I will admit people tend to be products of environments from which they absorb ideas, habits etc. but we can also think for ourselves. Actually if one believes success is a product of external factors and you have no control over or responsibility for the current situation - that more than anything will probably result in bad outcomes.

@jakeatkinson525

7 жыл бұрын

The ceiling he refers to is a metaphor for regulations and taxes that hold you back (like putting a cap on profits).

@williamspears1627

7 жыл бұрын

VERY few successful people start off poor. Most of them (like many actors) were born into a rich family, or got lucky and came across a rich sponsor. The harsh truth is that many people are born poor, make good decisions, and still aren't given opportunities to better themselves. So they stay poor.

@williamspears1627

7 жыл бұрын

Legend Length So most of them came from the upper middle class likely. Because less then 1% came from poor backgrounds. When you grow up poor, its almost impossible to be successful. The point i'm now trying to make is that there should be equal opportunities. Many americans are not given an opportunity to better themselves. The rich stay rich, and the poor aren't given opportunities. This is a legitimate problem. Many economists and politicians openly admit this.

@andrewvonlatinkon3380

7 жыл бұрын

luck and ability mean nothing when you don't have the personal determination to do it. as the AVID name says: Achievement via individual Determination

When you realize that PragerU is from the ultra rich

@OneWeirdDude

5 жыл бұрын

Which most Americans are.

@TheAwesomeTolga198

5 жыл бұрын

@@OneWeirdDude Most Americans are not ultra-rich.

@OneWeirdDude

5 жыл бұрын

@@TheAwesomeTolga198 Have you seen how we live compared to the rest of the world?

@TheAwesomeTolga198

5 жыл бұрын

@@OneWeirdDude That's still not ultra-rich. There are many Americans below the poverty line.

@OneWeirdDude

5 жыл бұрын

@@TheAwesomeTolga198 Me too, but I still enjoy a (fairly) large quantity of ice cream on a weekly basis.

I won't deny that there are some good results from a free market economy, but like any other system it's not perfect and it's important to address the ill effects of it as well as the good ones, in the interest of the well-being of all people involved. I wouldn't be so quick to accept that devastating poverty for some is a fair price to pay for flat-screens for others.

This video, shows you serve the interests of the very rich.