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Guest: (1719 days ago)
What they are talking about is assets not income. The chart of what 'we think' the wealth distribution is, is the income distribution. Naturally the lower down you are in the income distribution the fewer assets you have because you use all your income to meet expenses. Only those with income in excess of their needs accumulate assets. Since for many people needs expand with income I suspect even if you gave everyone the same income you would get about the same distribution of assets eventually. The video is extremely misleading.
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What they are talking about is assets not income. The chart of what 'we think' the wealth distribution is, is the income distribution. Naturally the lower down you are in the income distribution the fewer assets you have because you use all your income to meet expenses. Only those with income in excess of their needs accumulate assets. Since for many people needs expand with income I suspect even if you gave everyone the same income you would get about the same distribution of assets eventually. The video is extremely misleading.
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Guest: GuestGR (1719 days ago)
The 1% doesn't only own and control 50% of the economy, but they also control at least 50% politicians (our leaders), companies (our daily needs), education (our knowledge), of jobs (our pockets), and many other things, so we all have a trasparent partner, a 50% stock owner of our lifes. My rhetorical question is; is it 49% or 51%? Who has the controlling share.
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The 1% doesn't only own and control 50% of the economy, but they also control at least 50% politicians (our leaders), companies (our daily needs), education (our knowledge), of jobs (our pockets), and many other things, so we all have a trasparent partner, a 50% stock owner of our lifes. My rhetorical question is; is it 49% or 51%? Who has the controlling share.
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WalterEgo WalterEgo (1719 days ago)
I would say the 99% hold the controlling share - because the 1% need the 99%, and not the other way around. The boycotting power of millions of people communicating through social networks is a very powerful weapon against an enemy who cares only for money. And who knows where the 3D printing of weapons will lead.
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I would say the 99% hold the controlling share - because the 1% need the 99%, and not the other way around. The boycotting power of millions of people communicating through social networks is a very powerful weapon against an enemy who cares only for money. And who knows where the 3D printing of weapons will lead.
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Guest: sammy169 (1722 days ago)
I think we need clarity. Communism is where wealth is evenly distributed. . . socialism is gaining a better deal financially from society for working hard.
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I think we need clarity. Communism is where wealth is evenly distributed. . . socialism is gaining a better deal financially from society for working hard.
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Guest: iknowlessthanyoudo (1720 days ago)
Food stamps prevent the hunger that historically is required for the 1% is uprooted.
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Food stamps prevent the hunger that historically is required for the 1% is uprooted.
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Guest: (1722 days ago)
I'm pretty sure that the situation is the same in almost ALL countries!
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I'm pretty sure that the situation is the same in almost ALL countries!
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leahmendez leahmendez (1655 days ago)
Latest comment: interesting!
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Latest comment: interesting!
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Guest: Babaghan (1722 days ago)
We have to stop worrying about the top 1% and start figuring out how to get the bottom 10% out of poverty.
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We have to stop worrying about the top 1% and start figuring out how to get the bottom 10% out of poverty.
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Guest: rossglory (1722 days ago)
how's that going to happen with a tanking economy. the only option is redistribution....from whom? just look at the graph again. pretty obvious really
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how's that going to happen with a tanking economy. the only option is redistribution....from whom? just look at the graph again. pretty obvious really
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Guest: Herbert90 (1722 days ago)
Circulation of money is the key issue here. Money is just a concept and it was conceived as a tool for transaction. If it is not being used and circulated then the system slows down. Governments want money to spend, You want money to spend, I want money to spend, we all want to spend. Demand goes up - more jobs - more competition - better products - better future. Pumping cash into a system just dilutes the the monetary value of the £ or $. We just need to access the cash that's hidden around the world and use it to oil of the economic cogs of society.
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Circulation of money is the key issue here. Money is just a concept and it was conceived as a tool for transaction. If it is not being used and circulated then the system slows down. Governments want money to spend, You want money to spend, I want money to spend, we all want to spend. Demand goes up - more jobs - more competition - better products - better future. Pumping cash into a system just dilutes the the monetary value of the £ or $. We just need to access the cash that's hidden around the world and use it to oil of the economic cogs of society.
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Guest: Stanley Marsh (1722 days ago)
Work hard and educate yourself and you'll have all you'll need to live well. Don't get an education and don't work hard and you'll end up lazing around all day whingeing about why people aren't giving you things for nothing and enviously coveting the things your rich neighbours have worked hard to get.
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Work hard and educate yourself and you'll have all you'll need to live well. Don't get an education and don't work hard and you'll end up lazing around all day whingeing about why people aren't giving you things for nothing and enviously coveting the things your rich neighbours have worked hard to get.
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Guest: Adam Smith (1722 days ago)
That is a nice idea, but the reality is different. Work hard and educate yourself then fail to find a comfortably-paying job in a stagnating economy. Work for yourself (live the American dream) and discover that because the comfortably-paying jobs don't exist and the majority of people are scraping by there is nobody able to pay you for whatever it is you do. The economy only works if money keeps circulating. As soon as money is taken out of circulation (by being held by, in this demonstration, "the top 1%" then nothing can grow. New businesses fail because there are no customers as the customers don't get paid enough by their employers who have to cut back on salaries because there are not enough customers etc. etc. etc.
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That is a nice idea, but the reality is different. Work hard and educate yourself then fail to find a comfortably-paying job in a stagnating economy. Work for yourself (live the American dream) and discover that because the comfortably-paying jobs don't exist and the majority of people are scraping by there is nobody able to pay you for whatever it is you do. The economy only works if money keeps circulating. As soon as money is taken out of circulation (by being held by, in this demonstration, "the top 1%" then nothing can grow. New businesses fail because there are no customers as the customers don't get paid enough by their employers who have to cut back on salaries because there are not enough customers etc. etc. etc.
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tornadodog tornadodog (1719 days ago)
where s all the usa is great mob now ???
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where s all the usa is great mob now ???
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WalterEgo WalterEgo (1721 days ago)
Most people are not driven to make even more money, when they've already got more than they could ever imagine in their dreams. Obviously it's not just about the money, it's also about power, or the need/wish to control other people. That is why capitalism inevitably leads to corporations running the world - it promotes smart people who are driven by the lure of power, to the very top of corporations - and then they use their newly gained enormous wealth and influence to make sure they stay there, by mixing business with politics - we all know the story - lobbying, campaign funding, threats of emigration etc. Sure the details are a labyrinth of complexity, but that is essentially what has happened.
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Most people are not driven to make even more money, when they've already got more than they could ever imagine in their dreams. Obviously it's not just about the money, it's also about power, or the need/wish to control other people. That is why capitalism inevitably leads to corporations running the world - it promotes smart people who are driven by the lure of power, to the very top of corporations - and then they use their newly gained enormous wealth and influence to make sure they stay there, by mixing business with politics - we all know the story - lobbying, campaign funding, threats of emigration etc. Sure the details are a labyrinth of complexity, but that is essentially what has happened.
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