Yea thanks

Thanks for the warning but, IM GOING IN DEEPER LEO!!!!!

Bernie Sanders 2020

Thank you because I was about to go down.

@Eschaton Zenith nope but you can laugh at it.

Claxiux I’m actually writing a book on this over the last 20 years almost ever single government program designed to help the poor and middle class has been reengineered to support the wealthy

Actualy the bailout of AIG has made government 20 billion dollars in profit

The gall of banks to then cite "moral hazzard" as an excuse to not renegotiate mortgages.

And it was the government fault that caused the 2008 crash

and the banks paid the government back with interest on the loans

LOL. You obviously don't know what lobbying is.

teebone 21 yep true

We can take back our democracy, check out Andrew Yang, spread the word #Yang2020

The Gov is a slave as you say to tax revenue too, because companies and employees earn income, which is taxable.

and the Bernie Sander solution is to make government even bigger and more powerful! that's like trying to put out a fire with gasoline! it's just handing the ultra wealthy indirect access to more control.

Well said

they don't want that.

I don't watch any of those things. I enjoy learning about the world and the ppl who are or who have lived on it.

If we didn't have these things how much better do you think our economy would be?

Don't forget about fb people waste hours on that

people who do not provided value aren't getting raises while the cost of living continues to rise. *

I got a 7% raise at work. Inflation is 2%. What you're saying is not true except for people who aren't focus on career improvement.

@@malikjones2193 7% raise doesn't mean anything. Minimum Wage, and inflation have to move parallel to each other for it to start meaning something. It all depends of WHEN and HOW OFTEN you get the raise. For example, If someone hasn't gotten a raise in ten years, and they get a one time 5% raise, it's still not enough because they should have gotten a 2% raise per year to match inflation at 2%.

@@marineguy4eva haha. Raises increases your earnings. Most people don't make minimum wage. Only 4% of full time workers make min wage. Min wage is one of the dumbest laws in existence as it hurts people with limited skills and experience.

@@malikjones2193 I went to the store and bought food for me and my family of 3. African kids only have to feed themselves. The only people that are starving are like that because they aren't trying hard enough to go to the store.

And after divorce Women Engineer become more rich 😂

Simple women date up and the more educated a women is the more she demand her men to earn more.

@@sammann3577 with how "woke" everyone is these days that should scream toxic.

Makes sense to me.

Engineering is oversaturated these days.

good point! A VAT would even it up for the employees. Andrew Yang has a plan that would fix it. #Yang2020

And !! "The Idiot" Jeff Bejos is pouring that money to get on Mars !! 😊😊 !!

Because of government intervention there's less competition. A free market is the answer

@Jobokidd Andrew Yang's UBI will cost 3 trillion dollars. Add in universal healthcare which experts estimate will cost around 4 trillion, and add in military spending, aid, infrastructure, welfare spending, police, FDA, and all those other government programs and it'd send the US bankrupt. Not to mention the US is already 22 trillion dollars in debt

@@TJ-oo5mx Yang was a successful CEO and he already said to have UBI all these government programs you mentioned would have to be scrapped or reformulated.

Yes we are screwed. Keep voting those idiots socialists in office that supper values the higher educated people over technical skills.

I remember my first day at University. The professor said we are not a job factory. Fortunately, I chose engineering which is a job factory. I am so glad I didn't pursue a psychology degree.

true. college degree gets you nowhere. influence is what matters now

I see. I didn't have a degree when I first got my job but started out making more than the scale they showed here by double. I now make double *that* amount within 5 years later and getting a degree didn't get me there.

What did you get your degree in? And where? Education is a tool.

It’s a HUGE scam it’s made to keep you in debt and clawing your way out. Imagine just getting out of college and having rent, car payment, and multiple other bills along with a huge 50,000 loan with a 50,000 job...you’re not going any damn where

Don't worry, you still have time. Batteries are dumb expensive.

This hurts trump supporters.

@@tuazonwarrior if you only have 5 more years to live and have no children then don't worry.

According to the economist, this will not happen.

@@iangrant3442 I am an economist.

It is one of many problems, but stopping monopolies won't bring those high paying manufacturing jobs back.

Well, democrat nominees are debating breaking up tech giants like Google and Amazon.

@@ellec2935 at least it will give small start-ups a chance. These global monopolies are crushing everyone. Small and medium businesses are essential for a moving economy and they dont have anywhere to breathe, except fields that have not yet been explored. And even that will be taken over once the whales set their eyes on it

Yep, definitely one of the issues Americans are facing.

It's worse than that. we've gotten to the point where the monopolies control the regulators and use them to regulate their industries specifically to limit the threat of new competitors.

Crony capitalism.

Saosaq Ii capitalism is feudalism with extra steps

@Snappingturtle 267 How many of those millionaires came from dirt poor welfare level poverty? Not that many many of them still had a leg up.

Welcome to America 2020 A plutocracy based on oligarchy.

I am Canadian if i lived on my own id pay 20% in taxes and 50% in rent so worse than the 50% they paid in feudalism.

Ronnie Baker and a McChicken would be $7.

@@realamerican8079 why? You must be a republican. I could live off minimum wage in the 70's. You are obviously grossly underpaid. Are you okay with a 350 to 1000 to one inequality between the CEO and average payed worker? I never payed less than $20.00 an hour. My roofers make over $3000.00 a day between 5 guys. The CEO sets with the poor white guy and a guy of color with a plate with 10 cookies. The CEO gets 9 of the cookies and tells the white guy he better get his 1 cookie before the man of color gets it

@@bostinelosd oky doky

@@ronniebaker4549 We run into problems when people take facts, strip their qualifiers, and regurgitate them. Your statement about CEOs refers to Fortune 500 CEOs. The overwhelming majority of Americans do not work for Fortune 500 employers or large employers in general. The average CEO actually only makes around 3-5x the average worker. That's the real, unqualified, stat. Nowhere near 350-1000 is it? If McDonalds decided to keep people around at $23/hour pricing would necessarily change. Real American is most likely wrong because there's no way McDonalds is going to keep people around at $23/hour. That's the real problem with minimum wage. It pushes people out or keeps people out of the workforce. Heck politicians and unions pushed that as one of the benefits of the minimum wage originally. One of their big selling points was the fact that no one would pay an immigrant, black, "other", etc worker minimum wage. It wasn't about helping the lowest worker. It was about protecting higher wage workers from competition. There is such a thing is being more expensive than your skills are worth. No one would be falling over themselves to pay a low/no skill worker $23/hour. Oh and yeah, I'm ok with a company deciding what they want to pay an employee. The idea that there's such a thing as too much compensation or that ratios need to be balanced is foolish. Companies will just slash CEO pay and leave worker pay precisely where it is. That's the only likely result here. The fact that people believe anything different is probably an indicator of how bad most Americans are at handling money.

Ronnie Baker and you think thats good?

I truly agree with you on that,

I must say crypto is the future and with the way Bitcoin is climbing so high it's really advisable for people to invest now.,

Mrs Serenay mathieu has changed my financial status for the best. All thanks to my uncle who introduced me to her

I invested $10,000 and she made me profit of over $50,000 for me just in 5 days of trading

Jobs will pay your bills, business will make you rich but investment makes and keeps you wealthy, the future is inevitable.

even IF robots replace most line workers , as long as the plant is IN america, they still have to pay property taxes, utilities and maintanance workers HERE. that keeps the wealth earned from our domestic market INSIDE the country.

Burton L You’d need a damn terminator to reach that level of automation.

Because the advancement of automation is inherently obvious. Brother those jobs are in Jeopardy to be being replaced by robots.

I feel your pain, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me,I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor for aid, and following her advice, I poured $130k in value stocks and digital assets,Up 200k so far and pretty sure I'm ready for whatever comes.

@@PhilipMurray251 I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an investment-advisor, I wouldn't mind looking yours up.

@@Robertgriffinne My advisor is Nicole Ann Sabin; found her on Bloomberg where she was featured and reached out to her afterwards. You can look her up online if you care for supervision, just search her name.

@@PhilipMurray251 sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me.

Why does taxing them more change your situation?

@@ethanshy280 Taxing billionaires can fund public projects and infrastructure that will benefit all in society, which can help lift those who are struggling to get by with things like cheaper medical care, better roads and cheaper education, all things that are proven to be able to help people get out of their situation. The issue is that many believe that the current public works we have now are too much and want to remove any of those as well.

​@@Lokaror why mooch of self made billionaires who took huge risks and worked hard .. I understand taxing inherited wealth only

For the other users that don’t get it, taxing the rich AT ALL should be standard. As it stands companies like Amazon pay $0.00 in taxes. Why is this a problem? Because Amazon purposefully under prices their products to outcompete other established businesses. They do this because they have the extra billions of dollars they saved from not paying taxes to take the hit. The smaller businesses can’t compete with those prices. So they go out of business; then Amazon jacks up their prices since they no longer have competition. The problem is that once a business/individual gets rich enough, they can buy out all their competition and set market prices to whatever they want. When this type of capitalism is left uncheck, it’s like a virus that kills its own host. People think the federal reserve printing money, which causes inflation, is the problem. It’s not-it’s a symptom of the problem. Why does the federal reserve print money to begin with? They have a reason-and that’s to keep our economies from completely collapsing because all of the cash flow has gone into the pockets of mega corporations. If you make $1 million a year, you aren’t even a player at the table. We’re talking about multi-billionaire groups/individuals. Capitalism thrives off of competition. Healthy competition is like a diverse ecosystem. The grass is grazed by the deer, the deer are eaten by the cougars, and the cougars only reproduce in small litters-so there are always deer to eat. Most people are hired by a company for middle-class wages, the business makes a profit off their labor, the business then becomes a corporation/franchise from reinvesting their profits, the corporation then buys out their competitors, the corporation then controls 100% of their market, the corporation cannot make more profits because they’ve reached the cap on their market, the corporation stagnates wages/reduces PTO/cuts benefits/outsourced all labor to foreign countries for slave wages, all of the local employees lose their jobs, and they can’t start new business in the same field because the corporation will be able to underprice them. What people are talking about is taxing corporations and individuals as they get higher and higher so that they don’t consume the entire ecosystem.

It's the well-founded fear of the "slippery slope". If politicians pass a tax on billionaires and keep their offices after do they then think they can then tax the middle class and still keep their political positions? Without sunset laws (ending the tax) or sunshine laws (did the tax have the desired result) the public's fear of the slippery slope prevails.And with good reason. A slippery slope about trade with China was made in the mid-1990's. Turned out that slope was even worse than imagined then.

Exactly ...

Libertarians should go to colleg

Libertarians should go to college

GM sent a lot of our jobs down there, and tore down perfectly good factories here,and then we got to bail them out.Funny how that works.

@@jasona3519 but they pay the mexicans not even 1/10th of what they pay the american worker

I have a strong belief that it happens to both parties all the time. Democrats are overtaxing California so hard that people are getting fed up with it but they don’t vote them out because the media tells them who to vote for

UKposts: Andrew Yang 👍🏾

Unless Bernie Sanders comes in power

People voted trump because of the left is out of control with their stupidity and overspending.

If you still believe we the people are choosing our nation's leaders, of any capacity. Then you sir/ma'am are 100% completely distracted by TV, social media, and worrying about society's opinion of your financial status, and what's others think of you. The reality is, that the top 12 "ELITE" family's quite literally run every aspect of your daily life. They have a combined wealth of more money than you count on a lifetime, even if you were counting it on $1,000,000 dollar bills..!!!!

That’s why these companies tell us to support the troops

Who do you think works at those corporations

@@lastvirtue567 we are really supporting contractors who are getting rich off tax payers. Canada is a country that hate war and a big budget. That is why they are respected around the world.

Hmm sounds like capitalism isn't compatible with democracy

@Snappingturtle 267 How do you know that's the only reason?

Civil war?

Anarchosyndicalism is where it's at my g

Communism for the rich

No people need to become more valuable

@@paulwilliams2024 no people need to vaccinated

@@GunslingerLv gas lighting troll

Haebris financial aid makes college mostly free for the poorest students. It’s the middle class that can’t afford college.

@@Robert-td1xm I'm not sure what the US is like in this regard. Still not good, most people being middle class and everything :) People should also be given more than one chance to succeed, it's ridiculous how young people need to decide on their careers. If you don't then it takes twice as long and a mountain of debt to get to the same place.

Robert financial aid ain’t free money, so what are you talking about?

Unknowing Reaper it is for poor students. It’s called a grant. It’s literally free money to go to school.

Haebris the majority of Americans think they’re middle class. In reality, a lot of working people aren’t making enough to live a middle class life. In big cities like Los Angeles and NYC, it’s not uncommon to see people spending upward of 50% of their income on housing alone.

there not though

here yes though

@@JakobFlyingJ People can only do so much, how do you expect people to keep doubling their value when the reward has stagnated. Not everyone, is meant to be a programer. A country to be healthy needs a manufacturing base. Without manufacturing you can't produce the service-driven economy we have today. Without money, you can't sell services to people. Its all interconnected and balanced. The balance got thrown off then our manufacturing got killed by Chinas underhanded policies. When those companies went away it left a void in communities and they just lost the needed revenue to perform maintenance. Now in the coming decade, we will have the issue of automation which will further attack the low skilled jobs in our country that couldn't be exported to China. Also during this time China is growing their own highly skilled workforce and has all the means of production. The long and short of what I am trying to say is its not a matter of working hard when the very foundation you stand on is crumbling beneath your feet as your government sits idly by letting it happen. America is screwed, if things don't change because its impossible to compete with a country that has no work safety laws unless we as a nation decide to revoke them. Even then the whole supply chain is also being uprooted. Even then technology is going to be cheaper in the long term. Humans have increasingly become less needed and there are only so many jobs. Many of the ones created over the decade were minimum wage.

@DolphinsWIthIgloos north Korea will never be able to compete with China who is already established or the US. They're land is to small and they lack resources. You are right though we don't need ever country to produce like the US did in the 1900's and China now but a country does need it's people to produce, especially a super power.

“waaa! Why am I not being offered a 6 figure jobs for coming into work at 10am and leaving at 3pm” - some young millennial on Instagram

@PearlPerlita Venegas agreed. Someone always pays

Coulnt be more clear....... .as mud..

All Americans have access to healthcare. I think its insurance that you meant. I don't have it, and don't want it. I pay cash, and I pay for my problems, not gonna pay for some lardasses insulin.

@Anonymous Panacea I don't have it either. But if I buy it I'm forced to overpay in order to cover people that should not be covered. Insurance companies should not be forced to cover people that are already sick, that raises the price for everyone. Get the government out of the health insurance.

@@ChrisGilliamOffGrid it can't be help if people get sick it happen. if you have more people getting sick they are less likely be more productive. In some cases its not their fault.

darkjqguar0969 pretty sure none of those have anything to do with the president.

@Anonymous Panacea Same but paying $200.00 for health insurance or even $180.00. for health insurance on earned income of $30,000 plus $35.00 for everytime I see a doctor another $35.00 or $60.00 for medicine is completely ridicolous. I am already getting tax for medicare from my paycheck which supposedly will cover my healthcare when I retire. I rather lose 10 percent of my paycheck to cover all my healthcare needs.

yep...true indeed..

I wish machines would replace politicians and administrators

@@christiandauz3742 they will my friend

And people failed to adapt to that change.

Lord Vader they should sue

@@alek488 Well, there's a silver lining. Who wants to work in a hostile work environment? Doesnt take much for someone to make your work day a living hell.

@@lordvader282 As a disabled person I'd rather have a job then to was hour after hour after hour working to apply to jobs to never get an interview, or never given a job, but these jerks will never tell you why they wont hire you, because they know they can't say it's because you have a limp or cant stand long, but what does it matter when you can never get a job anywhere but the absolute worst because no one will give you a chance? And then when you do get that job you'll never move up you'll never have a life but people just pat themselves on the back "oh isn't it so nice even the cripples can work for destitute poverty in our great country we are so great making sure to put them to work with their low wage menial positions, we may even have a banquit each year and tell our selves how great we are for hiring the disabled and undesirables. Though we only hire the ones who have obvious problems so we can look good to the public.

Society relies on the Lower and Middle Classes Rich People are expendable and should be sacrificed first Politicians are expendable, smart and determined people are not

@@christiandauz3742 rich will flee and spend in an economy that accepts them. When China pushes America deep, it will not be hard to see why.

@@christiandauz3742 My take is that being rich is almost like having the lightening of Zeus or Excalibur in your hands. The rich can be a benefit because of their vast wealth and social connections, but only with the right people and successors (think Theodore Roosevelt, compared to Rockefeller or Al Capone). And they have an absolute obligation to help society too because of this fact. If the specific individual uses this as a malicious weapon against their own people (water contamination, bribing politicians, purging staff members who actually were beneficial, violence against indigenous tribes, and all other unethical business practices), all their assets should be liquidated and they're charging with treason. The same goes for the bureaucrats underneath them as well. But, that's more my take.

This is a repeat of the late 19th century “Robber Barons” Getty, Mellon, EH Harriman, Carnegie, Rockefeller in contrast with Gates, Jobs, Bezos, Musk. This lead to half and half nots. It took Teddy to help fix it. During this time it was estimated that 1% of the population controlled 99% of the wealth.

10 years ago I realized this. I'm a lazy guy with little ambition or desire for power. I just want to pay my bills and have a few beers, smoke a bowl, and maybe go on vacation once every couple years. I went back to school to get a STEM degree and moved to a rich city. It wasn't easy but I knew which side of the ever widening divide I was going to end up on and where I needed to be for the sake of any children I might have one day. Do what you can to be rich now or your grandchildren will be peasants, whores, and slaves.

@@MegaGrawp Yup, you're totally right. Now I'm not saying rich people should rule the world like kings but the bottom line is you can be the 99% or the 1%. There isn't anyone in between. I just wish more people understood this. If they did they'd work hard to become the 1%.

@@jaybrielakoi7747 Nah if more people understood the deal they would stop licking the boots on their face. If everyone understood the game and did what it took to get rich I wouldn't have been able to do it. On the other hand ignorance is bliss and I sometimes wonder if it's better to be cynical and on top or happy licking the boot.

@@MegaGrawp Congrats on getting to the 1% In the end it's a good thing for people who are clawing their way to the top. Their lack of understanding makes things much easier for me.

The rich stay rich and the poor stay poor... the world is a grand illusion... it seems like our modern world is so complex and difficult to navigate... yet the essence of the system is still the same ... that’s why they use the same FREE MASONIC architecture that was designed 3,000 years ago in EGYPT ! They are telling you ... “we are the same people who had control then and still have control now”

it used to be that the average man with no university could earn a basic living in a factory for himself and his modest family home having one car , fridge and one TV. so, David, WHAT caused that to change? who took it all away and why? btw, if you really want to know what "poverty" really means in global historical terms. ancient folks used to work 14 hours per day to barely avoid starvation and they died of old age by ~40! for context , here we are enjoying the miracles we take for granted which the wealthiest merely a century ago couldn't dream of ,living twice as long ,freely complaining on it.

Well said David

What do you mean working as intended?

@jo mo mo Being rich is something no one wants to be. Somebody has to do it. What if this whole time we were keeping the rich as slaves and we were living good perfect lives all along?

@Xadion being rich is a hell hole. So technically we're the real rich people.

jo mo mo it rewards marketable skillsets and HELPING the masses. You can’t win in capitalism without serving someone.

@@eane1275 that's not the case! Do you have a portrait of Charles Darwin on your wall?

society is a giant pyramid scheme

The only people that get involved in a rigged system are those that benifit from it

needs revolution*

Iwould say Bernie Sanders represents that revision, but we all know what's going to happen.

@Snappingturtle 267 lmfaooooo FOH It's your trash ideology of capitalism that should vacate the universe.

@@maeudaou7347 be good at what you do. If you make $8 an hour, but do a lousy job, are irresponsible, show up late, etc, why on earth would you deserve $15???

Nick Barton my girlfriends sons are both plumbers 73 dollars an hour Need I say more

*interesting

Plumbing is very easy, I do my own plumbing. Water and sewer flows downhill, it actually is cheap to fix anything including pvc. 1/2 8ft pvc pipe cost 4 dollars at home depot.

@@dondressel4802 Sure it's nice if you are in the know and can get into the field if they don't like you their is no way you get in to even apprentice and even when you do it's a risk and lots of time to make any sort of money with it. And then your just stuck with that job.

@@LegoSwordViedos Join a Union, they pay you to learn. Pay you dues and work hard. Pay your bills and stay within your means. Save for rainy days and have two more sources of income. It can be done. Find the right mentor, then teach the next generation. I know awesome plumbers and electricians they have taught me many useful skills.

If you're buisness needs it, yeah. I deduct my car and home and lots else. My buisness uses those things it's simple.

@@MrJoshcc600 nope. It's for personal jets.

@@lancelessard2491 You shouldn't spread misinformation. Personal jet deduction? No what you mean is that you can deduct vehicle registration, and that would be true of whatever vehicle that is: car, boat or plane.

@@lambertlum1087 As long as the plane is used for at least 50% for "business" then it's 100% deductible. Fly to the Bahamas for a "business meeting" and you can count that. It's a pure GOP B.S. giveaway to the billionaire class disguised as thoughtful tax legislation. Screw them all.

@@lancelessard2491 Wait, that's not how it works. If you use any asset part for personal and part for business, you deduct percentage pertaining to the business part. That's why you can't deduct your entire house if you have a home office. Even the air conditioning has to be deducted according to the percentage square foot used by your home office. I am familiar with the rules because I had my own start-up at one point. I also spent many hours in training classes at the small business administration offices. Also, this has nothing to do with Republican and Democrat. Amortization of an asset comes from accounting. Many tax rules are copied from accounting. Accounting itself has hundreds of years of existence. I should also add that Republicans and Democrats are both influenced by big business. Hillary herself was notorious for being aligned with money interests. Hillary's corruption was the reason for Bernie Sander's popularity.

Common Sense you don’t know what excessive taxation looks Ike

Sure thing Mr Internet know nothing. Try living in IL where I'm lucky to keep and use 50% of my earnings every week after paying all the BS taxes on everything.

Lmao people are so stupid. why do you think the wealthy corporatists are getting richer and your wages are either stagnant or just straight up declining? hmmm i wonder if it has anything to do with immigration. low skilled immigration to be specific. importing millions of third world illiterate workers to over-saturate the job market doesn't tend to have positive outcomes for anyone but the wealthy.

Anno - Right!!

The Irony

@Xadion But in a good way, not the Chinese model.

@Snappingturtle 267 He knows more then anyone else running so what does that say about you and who you pick?

Great if you're not crippled and can put up with tons of abuse and ire for years with crap pay to MAYBE get into the good jobs. People only talk about the success and neglect to mention all the unsavory bits. But that's just another factor of crony capitalizim, they band together and make the goverment pass ligitimate qualification and then BS one and more BS and more BS red tape to keep their little job safe and hold their hole market wide open to exploit. Oh yeah and forgot to mention you have to pay for all that training to get through the BS on your own dime. So again the rich win because they get their pick if you can't afford to train for a better job then your just out of luck, if your disabled you're just out of luck and going to die in poverty. It's all sickening.

Even though those career paths are very bright and promising, most of them are pretty much service jobs. If we want to have a badass economic powerhouse, reviving our manufacturing and production base is a major imperative. A true productive nation creates tangible goods of high value; we don't. The time for boycotting China is long overdue.

@Snappingturtle 267 You know daves ramsy was born into a upper middle class family, and literally given a silver spoon, the first time he "became a millionare" was because his family pulled strings with a bank who gave him a loan HE SHOULD NEVER HAVE GOTTEN, literal unfair treatment just because his family was well off, then after things went belly up they called in his loan and he pouts it made him bankrupt. Then he only made money BY TELLING PEOPLE HOW TO MAKE MONEY, he didn't every do it himself, and he had way more of a cushion then others, he just gives the same canned advice, and pushes merch, pay off your debt.... YEAH NO DURHH!

The education system needs to improve to pair well with the information age & robotics age.

The problem is that not everyone is born to be an scientist. The are people that aren't born to study, society says, to hell with them and condemn them to poverty.

@@freddyromariovasquezcairo2250 That is part of the working-class culture which suggests that a heavy laborers son will remain a heavy laborer. Its not that some are not meant for higher end jobs but that they are not meant for SOME of the higher end jobs. The belief that “I cant be a doctor thus why should I study” is absurd. The culture of hating school is mostly because of the system is set up as, some can cope whilst others cant and the ones that cant feel like they are not meant for it even though there are opportunities and unlimited source of knowledge that is available for individuals to search for careers that suits their best interest which are required and not yet replaced in the modern world.

Charles Manson. He's had all the money in the world 3 times. Its a cheeky little game.

@Xadion who

@Xadion better watch what you say. Or get banned

Regan Reviews Everything Right ? I just want to live as a free human being.

You are living my dream. I'm debt free, 34, but stuck in a city I hate and there isn't a damn thing I can do about it. I love Belize....one day.

Nah they'll just print more and give it to those 5.

@@Brian-dh9lp wages kept up with increases in productivity until the late 70s, then they separated. robert reich lays it out very well in saving capital.

Automation makes work ethic meaningless. Humans can't compete with the new technologies that are being created and deployed now. What work will anyone do when their is no work to be done?.

codycast I agree the government should stop paying people not to work taxing us with foodstamps and low income programs

​@@bostinelosd No it's not easy, but I think there is such a huge gap that its too difficult. Most rich people can't empathize because they have access to daycare, transportation, better job opportunities, etc. It's actually easy for them. Also the pay is so low in some areas it's insane. You shouldn't have to work 2, 3 or more jobs to survive, like our grandparents and those before them didn't.

to add- There are plenty of poor people who aren't "in debt". People who work 60+ hours and scrape by. From your perspective on debt- I'm guessing you are older 40's+?

@@bostinelosd Thanks for sharing part of your experience. Like you, my parents didn't give awesome financial guidance. I totally agree, that should be taught more widely. I'm nearly 30 myself with plenty of student debt to look forward to. Hopefully I can find a nice job like you so I don't have to work two! Have a nice day!

People accepted this sad "get by" life. They accepted a life of corporate slavery

In most cases, no. I you get rid of a CEO that gets paid 10 million dollars annually at a company of 35 thousand employees and distribute the money to all of the workers evenly , everybody would get a little over $5 a week before taxes. That would make no difference in their lives until the company shut down...because you have no CEO. I would gladly pay $5 a week to retain a leader that keeps the doors open and the company relevant.

@@Todd.T Isn't 10 million a bit excessive? Several million will be acceptable for a top rate CEO (there aren't any currently). I guess they have to make do with only a good part of a couple of million.

@Gareth De Bruyn Try your hand at comprehension. Poor people aim for the people at the top and want a cut without doing the work or having the responsibility...without doing the math. Responsibility and experience pays more.

@@unf3z4nt They don't usually get 10 million per se, but they get "compensation". i know of a CEO that got 12 million in "total compensation". Bottom line is low skilled workers and customers believe that if the CEO only got paid a million dollars and the rest was given to them, they would be rich too. Obviously if you have a millions of customers and thousands of employees who demand the CEO's pay be divided up and given to them, there would be zero impact to their lives. Customers looking for a cut in the costs of the service or products and employees only thinking about their own little office and not company wide. That is a lot of people and not a lot of money. Comcast''s CEO gets 35 million total compensation. Comcast has 184 00 employees and 22 million TV subscribers or 23 million internet subscribers. It would make no difference to dole out the CEOs excessive pay to those who believe that they would benefit.

L.J Ross if only it was that simple. USA has a systematic economic crisis. Unfortunately all solutions are taxing the higher earners more. Clinton had plans to increase welfare programs to non citizens to help poor and disadvantaged families. These are not substantial solutions.

Eric Diaz Probably one of the fewest truly-intellectual comments in this stream. With only 7 likes and 0 comments, of course there’s a wage gap.

The Central Banks are actually privately owned. They aren't government run. Look up the Rothschilds and Rockefellers etc...

Uh, the Federal Reserve is actually a private institution that is merely sanctioned by the state. In other words, they are a corporation that controls our money value while the government allows it.

It also created technicians for those machines. Don't be fooled. It also created more software engineers for those machines and associated jobs to support those workers.

@@1flash3571 but its 1 technician per how many machines? its def not equal.

then you better keep your eyes open for a new AI company to emerge and just put your life savings in that.

Automation will be good for the world long term. Yes people will be displaced and will have to retrain, but larger amounts of manpower will be available for singular problems, therefore solving those problems quicker. Energy sustainability, expanding into space, healthcare, financial democratization are more important than providing menial low paying repetitive hard labor jobs that nobody wants to do. People underestimate their ability to reeducate themselves, or more than likely are hesitant to do so.

@@Power_Cosmic27 that's what was said initially in part about automation, however the problem is not the willingness of people to learn or be retrained, rather the speed at which jobs leave your local area. You won't have much time to be retrained, also age plays a important role too. Retraining old workers can causes for the young to lose job opportunities themselves.

Not sure I trust them to teach it. They’ll teach that you HAVE to get a student loan to go to college or you’ll be poor, and they’ll teach that debt is just how you get things.

@@americandissident9062 it’s not about education. It’s about budgeting and investing

Nothing being done? is that why patriots want to take out the Fed? is that why taxes have been cut? is that why there is a huge reform in every part of our government underway? stop talking out of your ass man lmfao

@@melo6099 what reform, PMI and CPI down. Nothing being done. All companies are reporting low yields here and there. As one said, lots of thunders but little rain. Just look at the stock, oil, bonds now. The only good is USD raise against all currency. Spend all you can!

@@kongwee1978 Half of our problems are caused by the privatized Fed and central banks. Its not even the "empire". The monetary system is failing, not the political nor economic system (Capitalism).

Chally wally Woo yea with more technology/robots taking more jobs, and they made it seem like the grunt work is the reason but it’s not, they went to China because they pay the people their really badly, the more industrialized countries went from factory workers, to now service based countries based on doctors and thing like that

Marcelo Batista “patriots”

BackToTech any others books you would recommend?

@@BrandonGomez-mi7tj Capital, by Karl Marx, to get the "other side of the story".

@@edwardmaxwell3951 is that the communist/socialistic view? Im just asking since i havent read any major economics book.could u explain a bit more how they both would help or make me understand econ better?

Brandon Gomez also the road to serfdom by Hayek to understand the political system behind it

Edward Maxwell lmao, your an idiot.

I think dismantling overseas tax havens will address many of the issues for which you've suggested solutions..... Think about it. Offshore tax havens like British Islands, Ireland, Cayman islands, cook islands, etc are all responsible, in no small part, for the massive inequity..

wages have been stagnant since the 90s while everything has gone up 5 times

Well we're on the same boat my friend.

@xr7fan all that requires tons of money and I was scammed out of a opportunity to go to school by the system

@@OYXOT I am tired of being on disability throughout my life and I am playing lottery off and on trying to get out of this mess

Martell Tha Cool I understand what you mean, but if you study hard and get a scholarship it helps a lot......

@xr7fan - There's nothing wrong with playing the lottery. And this is from someone that hardly plays. It's only stupid if you're dirt poor, and spending $100.00 a week on it.

CEO's of the health insurance companies felt they deserved a raise,it's ok,thanks Obama.

Hey fucko I used lots of government to get rich. Hope it burns your ass.

@@MegaGrawp it sure did

Right...

overpopulation and bad distribution

biology is no pre requisite for any office work. there is nothing from college that will teach you what you learn on the job. nothing!

p.s. work experience trumps any degree level achieved. a 60 year old coder from the late 60's who's never went to college, but knows the ins and outs of everything a computer does, will wipe his ass with a phd graduate.

It's hard to get a job because you keep on rooting for increase in corporate taxes, sales tax, and income tax which leads to higher expenses for businesses/rich people & more of a shift toward automation/outsourced labour. Just wait for Amazon to replace all their labour in warehouses with robots & see how these fake politicians react.

Thats because capitalism works. It crreates massive amounts of wealth.

Thank you for the term, just did a quick search and learned a lot, gonna do some more research, guys you all should too!

One of the most important economic aspects of the last 50 years, yet no one talks about it.

Well said.

MGM so it’s just strategies for wealth inequality

Rent seeking by itself is not bad. It could be argued that any investment is rent seeking. How gains from rent seeking are treated is where problems creep in. Since the 1980s income from rent seeking has been steadily taxed less. As soon as rent seeking income was taxed less than labor income wealth inequality got stupid. And regulations massively favoured capital ownership and punished labor. Union busting, ie "right to work" laws. I'd say do nothing to rent seeking but introduce a high marginal tax rate just as AOC and other progressives are proposing. 70-80-90% for income passed $2-3 million. This will greatly discourage massive accumulation leaving more of the field open for more lower income people.

AMERICANS ARE LEAVING THE US FOR BETTER QUALITY OF LIFE OVER SEAS.

@@LK-pc4sq nope. grass is still pretty green over here

It is inequality. Poverty is relative. You could have billions, but if others had trillions, then your billions would't be worth a damn. Everything is getting expensive, because some people have become ridiculously wealthy, while others wages have stayed stagnant. And the markets, the greedy aholes who want to become rich, have oriented themselves towards those people who have more than others, increasing rent to levels where for instance, only Google employees can afford a single room in some places. They see their neighbours sell their stuff to a rich guy and then assume that everybody has become rich, so increase their prices to match it and get a cut of the cake. Totally ignoring that not everybody is a rich Chinese investor, Google employee or successful Hollywood actor.

May the Science be with You But what is your solution?

@@maythesciencebewithyou It's either this(bigger economic gap) or economic stagnation. Greek people with their socialistic/populistic policies the last 30 years and their trade unions,all they did was bring the country to a devastating economic crisis,where hunderds of businesses were shut down because of huge goverment intervention.

Purchasing power decreased, not wages dum dum

Barovier Kevin Allybose dumb dumb*

His basic income for everyone would move the problem in time. It is stupid because all it does is buy time, like transforming a f(x) = y function into f(x) = y + 1000. Income inequality was at its lowest, top decile made a flat 33% of income, from 1945 to 1971, this was the "golden age" of the USA where the standard of living was best and every one hated commies and no one had troubles paying rent. And oh what a surprise from exactly 1945 to 1971 the US was under a gold standard. Things got worse when they went back to a fiat system, and americans became literal communists after the central bank started printing trillions to save investors portfolio of stocks and the government started bailing out banks. Just get rid of clowns that literally give money to the rich, how much more obvious can it be...

Andrew Yang is great. I hope he runs in 2024, he has my vote right off the bat. His Freedom Dividend idea for 1000 a bucks per month is great. If I had an extra 1000 bucks per month I would be able to start a business.

longbeach225 as a chinese person in California, although I like him and I think he’s trying to do good things for America, his execution doesn’t seem well. I’d probably still vote trump, but if I chose democrat, yang would be my top

one of the last people you schould be listening to is andrew yang. Why is he pushing the idea of a UBI if the vast majority of people still have non automated jobs?

Need something that would create A LOT of jobs... ...like SPACE COLONIZATION! Someone has to build all those houses