Agreed 💯

Exactly

They're called the "trickle down" crowd and their only "purpose" in life is to rig everything they can get their hands on while telling total fiction and finding and constantly harping on emotional surface level "issues", emotionally manipulating the population so they can keep doing it.

Such as?

I was watching shark tank one day and realized those sharks and others like them are exactly why we have experienced the inflation we see since 2020. They suggested an entrepreneur mark up their product far higher than they wanted to. It wasn't enough to turn a healthy profit. Marc Cuban, Mr Wonderful, etc had to be absolute PIGS about their profit margin. It was just vulgar, very "New money" behavior.

The United States of America has the best government that money can buy.

And they aren’t even the American rich.

Your quote needs to be on a bumper sticker!!

You’re absolutely correct and if you look at Americas wealthiest individuals, you will see that they all support our Democrat party. Probably the two wealthiest people in the country are Warren Buffett, and Bill Gates who are both strong Democratic Party supporters and financial contributors. If we look at the countries largest corporations, we will see that the CEOs of these huge corporations are strong and Democrat parties supporters. Our Democrat party is supported by the extremely rich.

@@t.r.campbell6585 I though Musk was the richest man in America? And it is not about a couple here or there it is critical mass. Two uber rich versus thirty or forty who are just about as uber rich is no contest.

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and seek an FA

Oh, that sounds good. So, who is this person and how do I reach out?

“Angela Lynn Schilling” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

Biden is worst thing that happened to us

TRUMP 2024

Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000

Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

Gen X here. I don't own a home, but things were way easier for those of us who left high school in the 1990s. We had better opportunities.

This dude is a grifter

@@maniac50ae14hogwash. Boomers are selfish, Galloway is a GenXer & he’s spot on.

He's not. He blames it on younger generations not being able to "adult" ultimately.

​@@storksforever2000...my take is that he's not blaming them, he's blaming the overarching gub'ment and country approach to education and societal drift...young people are a part of it in fabric but are not the ultimate seamstress

🎯🎯🎯🎯 I read somewhere that in South Africa, the ANC formed a military wing when they realized that (1) they simply couldn’t get justice under the apartheid regime and (2) all forms of peaceful protest were formally criminalized. It was either accept being treated as subhuman in their own land or learn to fight back…even though, if memory serves, they had one person who had ever fired a rifle and nobody owned one…

Go work for the government.

Your job was outsourced to India. I saw the handwriting on the wall in the early 1990s when I used to work for a computer software company in their Benefits department in Boston, MA. Software engineers, overworked, high turnover, and unstable life. So glad I studied Business Administration. 401k industry now. My Engineering friends in college used to make fun of me because I was a "business" major. 🙄

Yep, writing is on the wall. The economy may be "healthy" but it has no foundation at this point.

I'm so sorry. I'm a Gen Xer, and we got messed over almost as bad. Your dads generation hit the jackpot.

You could teach at a university. Just earn money like you have no buffer or soft place to fall. If you are single, work two jobs. You probably don't sleep much anyway.

Where will you put your cheap Chinese TV?

It's not just the young.

What would they gain?

​@@beingsshepherdSatisfaction and change

@@beingsshepherd Catharsis

isn't this why Rome fell? Collapsed from it's own weight...slowly...over a long period of time.

Profit is good, it is a signal of market efficiently. The problem is large government that can affect the economy. It opens up a moral hazard for producers to bribe and lobby government, giving them an unfair market advantage. This leads to less free-market competition, which leads to higher prices, endless wars, and inflation. The problem is not profit, the problem is a government that can affect the economy.

@@SecretMountainTrollyou realize govt is also responsible for breaking up monopolies and ensuring workers have basic human rights?

@@SecretMountainTroll Counterpoint: Concentrated profit is not good. The inevitable process of an unregulated free-market is that in due time, the competition will start flooding resources to one side to the point there's no more competition. As long as profit becomes concentrated in singular individuals or industry, it will spark the same degree of sentiment. At current, we already are experiencing a close situation with the same process, where this isn't just an economical issue but a societal issue. We have the power of purchase being weaker on one end, while the other has plenty. People finding escape goats instead of genuine improving talents or professional skills in the pursuit to accumulate the most amount of wealth possible in a brief period of time. This is not a government issue, for it wasn't the government that applied it. Reason why? This is a global issue. Each government in each country has different politics and policies, and yet the same problem persists in a worldwide scale. This is a product of the globalization and access to worldwide information, which sparked societal issues provenient from economical stress.

@@SecretMountainTrolloh yes, is the goverment fault that my landlord raises the rent, is not enough for him owning the whole block earning 50k per month. Pls give me a break

$20/h in the 80s was a decent amount of money. He was making tons more than the average American at the time. In today's money, his salary would probably be around $60/h. Not a good comparison.

​​​@@kuroodo_ exactly. I was a teen in the 1980's. Making $20/hr, say in 1985, was big, big money for the majority of people. You could pay the meals for 3-4 people or buy like 6-7 movie tickets with $20.00. The minimum wage where I lived was $3.35/hr in 1985.

Im nordic european here, I work as a painter (4 years of training as an appretice) wages is about 27$ / hour, 42 % In income tax. We have free universal healthcare and education for everyone. Here income tax is exponential to your salary, top tax is 52,05 and after your income goes above 84,5 K a year. Here the social system keeps everyone avaible to function and living. Makes any sense to you?

​@@CookieMonster-zn8oc I was also a teen in the (mid) 1980's. Federal minimum wage was $3. 35 per hour for "non tipped" workers (tipped workers made $2.12 per hour) this lasted well into the 1990's. My first job was at McDonald's, where my first wage was $3. 45 an hour (because I had no previous work experience). My second job a year later in 1987 was at K Mart, they offered me a starting wage on the lowest part- time position available of $3. 60, a whopping .25 ¢ over minimum wage and I had a solid year of "work experience". Though $20 an hour was not the top hourly pay in some manufacturing jobs, it was a lot at the time - enough to be the sole income that supported a family. Inflation has changed that.

@@AahFukIt"Here the social (...) function and living." If they're lucky... and that's a very big "if".

I had an apartment in the North End in 1989 for $375 a month. Shows you how much Boston has changed.

@sunnyd4734 yeah I make about $95,000 a year and I live in a very tiny apartment and drive a 15 year old car. I have no idea how the people working at grocery stores or in the service industry afford to live

Europe is not better than US. We face the same problems.

sounds like they are falling for the old "grass is always greener on the other side of the fence"

Spot on … they don’t want the larger sevens to of the population to have buying power or real access to power/influence

It's not working as intended. It's been corrupted and it's working as intended by those who corrupted it

If Covid hadn't happened, we would have never got the chance to stop and think "what the heck is going on?"

@@user-yx6ox7us9v Then we need to ask who was capitalism designed to work for.

When those ol' Boomers the 'Beach Boy's 'sang 'Let's go Serf'n now' ... people should've been pay'n more attention.

I mean our country was founded on revolution

That is a total b.s. narrative peddled by the feminists

It worked for ISIS

Exactly. I was telling a feminist this the other day. "I'd pump the brakes on man hating because in a few short years men will become your worst enemy or your salvation. You're gonna have to decide and plan." She looked at me stupid smh. Our society got her by catering to women and not men despite men being the entire foundation of society as a whole.

More money in schools ( I don't trust private schools today) less money into our military.

A lot of those older generations are also suffering. The offshoring and outsourcing that took place between the late 1980s - early 2010s wiped out a lot of jobs. There were books written about it in the early 1990's, when Millennials were still kids. The problem is systemic. I agree with you that the towers are cracking and there will come a time they will fall.

@@chriscampbell9191 Very true, globalism is only good for those set to profit from lower wages abroad. And higher margins when selling thier goods at home. While I have been fortunate, it has never been easy. I worked in one of the most difficult professions to outsource, Sales. In starting my career in computer science however, I saw the careers of many of my peers have thier jobs outsourced to India at a fraction of the cost. This just one short decade after seeing my father's and all his friends lose thier manufacturing jobs ot overseas workers. Our government, in all cases, stood by thier Corporate donors and allowed it to happen. Doubling down with NAFTA which destroyed blue collar wages and sent millions of our youth off to college with the dangerous message of "major in what you wish and you will get a high paying job". I am afraid until we can establish a government that is truely "by the people, for the people", operates with fiscal responsibility, and creates incentives for business to hire and retain American workers this problem will persist. I hate to see that the resement of the young is directed at "older people" when it's not the "older" that should be the focus of our ire. Rather the focus should be "powerful" who constantly stoke division by funding a political class that never solves problems. Government has only proven to makes existing problems worse while enriching themselves at the expense of the lower and middle class taxpayers.

You really want to scare a boomer. Tell them there's a pretty good chance they'll be alive in the year 2044.

democrats are definitely destroying the country.

@@SuperDrake85 Would that scare them? Nope. They want to live, just like everyone else. Yes, there are many older ones who may end up in adult care, and that's nothing to look forward to, but that happens to older people of any generation. As for Social Security running out, that's been said for several decades now, even when Clinton was president. The ramp up of illegals who eventually work and pay in will probably keep it afloat for more than a decade. That said, inflation is socking it to everyone, regardless of generation. And yeah, the younger generations have been getting the shaft, instead of a chance at the American Dream. Like the guy in the video says, the "social compact" is breaking down.

This issue is again the class war - rich people stealing and stacking the system ... not the generation war.

Facts

The fact you think you're smarter than your parents and grandparents is contrary to Professor Galloway's entire 6 minute lecture on the cause of social decay....and a telling clue that the epiphany was missed. People that think like this, are the men he's talking about........

It is the cost of government that has increased exponentially since your grandparents time . How can you be so clueless?

@@roughhabit9085 Now there's a good old-fashioned scapegoat right there!

This!

You wish you get a pizza party, you'll likely get a layoff to increase margins and make the shares look better

It has never worked like that. Greed didn't suddenly appear in the last 30 years.

CEOS were all about making money. But CEOs gave bonuses or stock or a living wage to employees so they buy a house and start a family. But During the late 1980s and, especially, the early 1990s, a wave of what was called “downsizing” swept-or allegedly swept-corporate America. That's where it became fashionable to have cut budgets. To have 1 employee do the work of 3 employees. And not get a raise. And the company saved money by not paying 3 people but 1.

Or, stock buy back programs instead of investing in your company or people just to make the Street happy with your share price and consequently earn your fat bonuses.

I'm that boat...@65k in High cost off living area.

No one made 40k in 1970 unless you owned a company. My dad made $1.25 max an hour. I made $3.35-$4.25 an hour in college in the 80s-90s. W a masters degree I earned 21k w a private practice. Noe on disability at age 55, I get 13k a year!!

@@michellecd4722- You are a tough individual. Anybody living on a disability income has to have a survivalist type mentality. The biggest crime is many House Republicans want to make further cuts to benefits. That’s insane… 😮

While that us true, my first job out of college in 1978 paid 1275 per month, far lower than that 40k you mentioned, and that was a decent entry job then.

I made 6k per year as a new teacher in 1972.

Why repost the exact same comment that you read from someone else instead of simply liking their comment and expressing agreement with them? Do you need attention that much?

In what way? Nobody can make it harder for you except you ! !

And that's why they are talking about it now. They are afraid of what comes next and they want to pretend they care so they don't suffer when people have had enough

Then it is time to protest, but not just stand in the streets. That won't do much. If people refused to take out student loans en masse for just one year, colleges and universities would be on their knees begging. They are the reason higher education has gotten so expensive in recent years. Regardless, what I don't get is the Federal Reserve will loan money to companies at absurdly low rates, but the government won't do the same for higher education. Congress could fix this. Tie student loan interest rates to the lending interest rates of the Fed. Whatever sweetheart deal banks get, so too should people getting higher education. Education doesn't need to be free, though that'd be nice, but the cost does need to be fair. And today it isn't.

Exactly, previous generations didn't need financial literacy, the government and companies would look after them. Great pensions, great work opportunities, they never needed to know how to calculate compound interest.

I groaned as soon as they shifted to blaming the victim, as if the hosts knew about that stuff when they were young people (50 years ago)

The deck will always be stacked for old ppl because 18-24 year olds vote at 1/3 the rate of seniors and none of them own a SuperPAC or even a lobbyist. They also don't own large businesses so offering a "consulting" job to government officials isn't possible either

@@YouSnoozeYouNooze It's not normal to exploit kids and burden them with loans and the equivalent of a mortgage payment just as they are starting out. To benefit bankers. Only in the USA. Not normal.

As a 35yr old homeowning millennial, i understand it 100%. This happens when money printing goes too far and reaches a tipping point

@@brent4073 LOL. I find this funny. Your generation will actually be worse than the boomers. Your generation wants students loans forgiven and yet you'll also want social security. You'll be double dippers.

It’s not just the money printing. They print the money and then give it to the rich people. And then they have unlimited immigration to drive down labor costs and if you complain about it you’re racist. And those 2 things are just the tip of the iceberg of why this is happening.

I think they understand. Especially watching my parents' generation struggle with cell phones and the internet... they know the world has changed. The irony is that older people actually have life experience and perspective to understand the situation younger folks are in, whereas young people have limited to no perspective on the lives of older people and tend to assume they always had it easy. They didn't. They were not sitting in front of computers hanging out on social media all day. They were shoveling coal into furnaces, and cooking just to stay warm... They worked as roofers, and plumbers, and domestic engineers raising many more children than what's considered normal for a family today. They are tired and deserve to rest - yet society generally doesn't show them a whole lot of empathy.

@@drcatrinaking baby boomers would be doing the exact same thing millennials and genZ do if they were born into the iphone age. I would argue that they were much better off not having iPhones and air conditioning. Also they had far better financial opportunities. As cozy as AC and iPhones are, life would be much better without them. That’s not even up for debate.

I recently came to the realization that I’m probably not going to be a grandmother. First, it’s too unsafe for my female children to be pregnant in this country at this time. Second, with climate change wreaking havoc through severe weather events and fires and such, the planet won’t be habitable. Better not to bring kids into that. And third, my kids won’t be able to afford having kids. The cost of daycare is absolutely insane.

My mom is the same, except I actually had the kid. None of my aunts, uncles, parents helped.

​@@OhHollyOGood people not having kids makes this country even worse. Hopefully you help them find self-respect, confidence as well as find respect and kindness in their relationship. They may not have money for childcare, but perhaps living in a multigenerational household will be even better as a solution. It's about values and what you are willing to do. Do you value independence and your free time more than the well-being of your extended family? We must do things that require work if we want to have those close knit family ties. I'm not advocating against having free time boundaries. Having grown up in a different country and in a different time, I find that the current world is unnecessarily complex. E.g. instead of paying 3-4 bills a month, we have over 20. So instead of helping elderly parents manage that, groceries and other things, why not live together. Elderly can help with grandkids and kids can help when they their parents no longer can do things by themselves. Some aspects will be harder, but overall there's a lot of time that can be gained, as well as money. I've met lots of Indian and Muslim families (my husband's high school friends), who are business owners and millionaires in the US. They all live with their extended families in mansions. There might be two siblings with their families and their elderly grandparents. I'm sure it's not easy. But if people communicate well and respect boundaries, they can have an easier and wealthier lives together. Not all Indian and Muslim families are millionaires or have an easier life. What I'm saying is that even those who make it to 1% have something to gain when they stick together. My parents aren't ideal when it comes to respecting boundaries, but I find value in resource preservation, or pulling resources together. I also have daughters and I hope they stay close and help each other as opposed to isolating and looking for their own communities.

​@@OhHollyOTo be clear, I don't have traditional values. I'm just pragmatic. I value my free time , but also feel obligated to help my parents as they age. That's what people who love each other should be doing. Even if your parents don't help, it doesn't mean you have to become someone like them.

The president of Ford in the 80's said that companies don't have a duty to their employees, they have a duty to their share-holders...that was 40 years ago.

@@jamesstanford9010 over the last 40 years ford has gotten a reputation for cars that are constantly breaking down and unreliable. Aside from their pickup trucks, Ford doesn't have a particularly enticing or popular line up of cars.

@@jamesstanford9010 Your only duty is to buy the cheapest Chinese TV you can. You are good at this.

There's only so many positions a company can hire people for. Expecting companies to provide more of the same old isn't going to fix things.

@@legrandsommeil Regardless, Dems sure do love cheap, slave built products. They do not have a moral code.

Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders

Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.

You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?

Thanks I’ll contact her her immediately.

roommates

@@jakevb141 Roommates? What? Till you retire? Roommates do exist. They're called PARENTS!!! Stop being so glib

@@fatherfigure5 until you can afford housing or get a partner

100% I know a fair amount about real estate and money but it's hard to leverage that knowledge without any capital.

@@jakevb141 Truly genius player

Close: the Boomers have taken everything the Billionaires haven't taken for themselves.

Not true. The super rich are taking everything for themselves. And don’t get fooled, they got both parties in their pocket!

100%

In his long format talks he does mention that, check out his talk with Rich Roll.

Yes he absolutely does agree with that. He talks about that all the time. And it's no surprise this is the case -- it's the Boomers who helm our federal government and benefit from taking everything for themselves.

Seems like the remaining affordable housing is located in parts of the country where there are no good jobs.

Those investors are getting money from the federal government to buy those houses too. We work and pay our government to buy our dreams out from under us.

Must be nice

@user-zu5do6ri6r USDA .gov has programs to help citizens and acquire housing. The property won't be in a big city but it can be more affordable.

That 700% increase in the value of your home, the banks are loving it.

And also the governments.

I hate that I am not getting a raise in 2years but we have a bunch of DEI people and other dumb positions that just look at their phones all day during work. Like there is so much inefficient waste going on.

at least you understand that you're being ripped off:-)

Precisely. "Financial literacy" is not the real solution here. Ending the wage theft is the solution.

But it teaches you that you are being ripped off and what you can do about it.

well its the start , better late then never , it is like first we talk about it, second we analyze it some more ANNND we talk about it some more . Then perhaps after 10 to 20 years down the line of talking about it we start making changes.

i mean the problem is extremely complex. That is how you begin solving any problem. I would venture to say that having a victim mentality is akin to accepting the status quo.

@@budoshi1981 I don't disagree, my biggest qualm is that he falls for red herrings like the social media scandal when the answer is more systemic. It's pretty unquestionable that wage stagnation increased starkly with the falling out of unions and labor power around the Reagan administration, and tax codes have gotton worse and worse as a result of regulatory capture. As for loneliness, Urbanism and economic reforms are much more significant than social media, though I won't pretend it's not an issue.

@@Elijah-fk6ml Sure, but by the same coin, no amount of boot-strapping can substitute a systemic change for a systemic issue.

@@Elijah-fk6ml Not sure if the Problem is particularly complex, it is composed of like 3-4 root issues that, when changed would improve about 80% of the problems. But to fix the issues (peacefully) would require the help of the people profiting from it sooooo.....

And GM says, “That’s fine, that’s what credit cards and loans are for”

So Michael Moore, does McDonalds pay $20.00 per hour, eliminate more jobs, and increase the cost of a hamburger to $14.95? Or is this just more INFLATION?? DUH. Stupid logic.

And sooner than later, there won't be any money to buy a car. Unless you have a wheelbarrow to carry the money in. The root of Michael Moore's plan of evil is INFLATION! Just ask yourself what cars cost in 2020. Are you better off now than 4 years ago?

And then average people can’t afford them either

They're shooting themselves in the foot. In the next decade they will realize that they can't sustain their businesses when your average consumer can't afford what their selling

If you needed that money, you wouldn't have given it to the government in the first place.

@@user-zu5do6ri6rlmao you think people have a choice? Naive little fool.

We spend a zillion dollars on the military but have no idea who’s coming into our country either. Stuff doesn’t add up

@@Will-ck7hi have no idea who's coming into the country?? You wouldn't be referring to immigration, would you?? Because if you were then you would know that the situation is not going to change into a rich white men are put in prison. Rich white CEOs who perpetuate the immigration "crisis". Rich white men who hire illegal immigrants. Lol. Like Donald Trump having illegal maids in his hotels...

Bitcoin fixes this. When a government has the ability to print money, they will get to decide where it goes, and usually to proxy wars overseas. Look up the Cantillon Effect. With Bitcoin, no one controls the issuance, and the power to enrich the lives of others, or finance wars, or overall where it gets spent is entirely up to the people to decide. It is the most democratic form of money ever created/discovered.

Hey, I actually don't, can you expand on this?

@@goldiemack6125 They killed their aristocracy and redistributed the wealth amongst the common people. They also killed their king -- the vacuum of power allowed more monsters to assume power, but in my humble opinion, if they stopped at the elites and told their king, "this will be you if you don't shape up," the king might have changed his tune and been more attentive to the needs of the people. Either way, you get the idea of what will happen to elites. Due time, honestly. It's not like their is different perceivable outcome without serious systematic changes that benefit the people.

Going out on a stretch here and guess........ 1. French Revolution 2. The start of modern European Anti-Semitism in the late 1800's 3. Failed colonial policies of the rich at the expense of the poor 4. France agreeing to work on mass deportations with Germany of non citizens to concentration camps 5. Eifel trying to short his workers on wages and they went on strike before the Eifel tower was completed

@@goldiemack6125a reference to the French Revolution

Population decline incoming, and it's the rich people who is making their slave labor go away.

Yup parents 30 or 40 years ago might not have a lot of time but they had the money to make up for it.

Life has always been expensive and perilous. My mother was born in Warsaw during WWII with literal bombs falling all around. People are not having kids cuz they don't have to. It's called birth control and its ubiquitous use in society is a relatively new phenomenon. Also, kids used to be considered a blessing. Hardly anyone believes that anymore. Also, "quality of life" is really the only thing people care about and kids WILL NOT improve that

I would argue they had more time back then too. Many women were housewives or they lived very close to grandparents who could babysit. And there was a lot less birth control.

Interesting point about resources & suspending procreation.

Yeah, exactly. This isn't a new problem. It's been going on for 40+ years now, and the only reason it evened out somewhat for a lot of Gen X was the 90s tech bubble. But it was clear 20 years ago this was a problem and it was growing, and then especially in the wake of the recession. But now that Boomers are aging and don't have any grandchildren because their kids are barely scraping by at 37, along with people under 50 now making up much more of the electoral cohort, you're starting to hear it taking more seriously. But it might be too late. If only it was taken seriously back in the 2000s instead of responding to legit complaints with things like "Quit whining! Let me tell you about interest rates in 1978!" and the entire political establishment courting the by then over 50 crowd, it might have been dealt with properly.

People still aren't listening. They won't until their lives are in danger.

"We should have an easier pathway for our young adults to buy homes and get on the track to build wealth and families." yes, What do you suggest that would stop the transfer of wealth upwards that would not be called socialism by conservatives? Tell them to buckle down? Help pay for childcare while giving domestic care workers a living wage? (no that's socialism) Banning social media? Teach creationism and ban teaching science and art?

That's what the wealth management field is too, correct?

@@Petey-se1lo correct, it’s just my elective

Frankly everyone should try to understand this. You will be more wealthy if you understand tax structures. But many are too busy to learn or don't care.

@@kat_sf agreed but looking at those dollar thresholds. It applies to very very few people. Likely 20M in wealth and higher

@@kat_sf almost like that are deliberately opaque and hidden from view under the guise of companies like H&R Block and Turbo Tax.. but tell me i don't care about Tax code.. when i do my own taxes.. no the issue is how obscured the system is from the common man.

Reagan really believed that giving tax breaks to large business owners would cause trickle down economics, but they used that money for stock buy-backs, buying politicians/judges/lawmakers and bonuses for executives etc, Reagan had to raise taxes on the working class 7 times to make up for the blunder of trickle down. 40 years of trickle down economics has lead us to the second gilded age. I don't blame Reagan because I think he really thought he was doing the right thing, but it's turned out to be a disaster.

Help your kids, send them to college in Europe. Encourage them to never come back.

Mentorship! Your knowledge and experience can help other younger people avoid early traps in starting a small business. Also your social capital (from years working in your community) can help open doors for those just starting.

@@nicomythI agree but most don’t have access to what you’re talking about.

Im 30 and I want to raise a family badly, but It just seems extremely irresponsible for me to do, not only financially, but the trend is only getting worse, dont want my kids to have it even worse than I do now.

An adulting class. Because his own son can't understand interest rates. Seems like a "him" problem.. cable media boomer ideas are contributing to the destruction because boomers REFUSE to acknowledge what is going on.

Yes, China and Japan too.

Well said! Scott seems to understand HALF of the problem, but just can't grasp the concept that life has actually become harder in ways he is insulated from.

Very well said. Its the same in germany, too.

Bingo. There's not even career development or training anymore. You have to compete with the boomers still in the work force, too, in a job market where employers expect prior experience.

I don't even watch MSNBC but I took a moment to watch based on the topic

I kinda watch only watch Joy Reid, Aman and Velshi. The rest of them are all bought and paid by AIPAC and pro Gcide🤮🤮

Right like mainstream media speaking the truth for once??

@@pwetty4r4Fwiw, things getting so bad mainstream media probably wondering if 'French Revolution 2' sequel will be showing up someday🤔😒😟

Yeah was not expecting this.

He should BE the leader! There's always been people like Scott ready to advise if they'd listen. But leaders in the West are too busy protecting themselves!

they do not care that is the thing

Yeah this was his best opportunity. He's finished now lol

He's extremely popular and has been preaching this message for years. Has two podcasts and is on news shows all the time. Politicians don't have to take him seriously though, because they've convinced us that the other in our society (black, or male, or white, or female, or immigrant, or whatever) is the enemy.

I don't know if what happened was intentionally malicious. It was an unintended consequence and Galloway is one of the first people to articulate the problem so well. Clearly change is needed, but it can't happen until people really speak out.

He is spot on on this topic but is a good little boy on Israel/Palestine....he will never be in trouble

@@aaronknightstep5372nice call out

because if morning joe talked to the real people he would not like to hear that some of them and probably a lot of them blame Joe Biden for the last 4 years.

Joe's show comes on while people are getting ready for work. My retired husband watches it. 😂

I was thinking something exactly like this like he was talking about all the problems young people have without really giving any solutions.

Joe advocates for our country to go into FURTHER DEBT ($36 Trillion ++) by funding foreign wars!!!!

Galloway Is a professor or was at NYU so he saw 20yo. We older people have been younger and the comment is on the difference with our past. You don't need to a baby to see one teething

Hope you're not equating living with greed.

@@beingsshepherd no I don't think self-preservation is greedy, if that's what you mean

I don't know if Stoicism is going to help in social issues.

@@siddhartacrowley8759 stoicism only addresses what's in the individual's control. So it won't help until everyone as a collective makes good decisions, until then all we can do is be mindful of our own

​@@siddhartacrowley8759it helps to disconnect from the noise, and parse through what's worth the time of thought

"Universal health care, universal education and universal child care." Yes, Sir!! I am in full agreement.

It's leaking over into Canada too. We have some great programs that are completely underfunded because nobody seems to want to pay for it. "All hail our corporate masters" is great in theory, when you're immune from the effects, and we're finding out now that it was a bad plan. We have 3 major companies that own all the grocery stores that are gouging us, but the olds (who have to budget for the first time in their lives) are more angry at the people wanting more than minimum wage than the businesses that took public money and then posted record profits year over year since 2020. My province is a microcosm of what happens when the Boomers eat their young and care about nothing but living it up. They drove all the young out by not giving them opportunities, and now we're in a position where we spend so much taking care of the old we can't afford public payroll, infrastructure, etc. Meanwhile they're driving gas guzzlers down to the end of the driveway with a beer and bucket of KFC in their hands, angry at the "healthcare system" for not being able to get their blood pressure and diabetes under control. 20 years from now this is going to be a much better place and I can't wait for it.

@@b.w.6535Trudeau is a clown.

@@b.w.6535Canada… great example 😂

I think it’s more of a plutocracy.

Yeah, I was surprised he was saying basically that the advantaged were around the table during the discussion. I wonder how much that'll effect his future air time or if there's an intention behind the self-barb on MSNBC's part.

He’s a professor at NYU he can’t be on that much. He does talks often if you really do want to see him

Professor Galloway is on TV because he is out promoting his new book. (FYI-Galloway is worth $35 million.)

@@woodentoyscom nothing wrong with promoting a book if you are an ally to the working class.

@@clarkdavis1779 haha he's extremely wealthy off tech from early noughts listen to pivot. He's probably the richest person at that table.

Well said.

Excellent points. There's a profound feeling of defeat involved when you come of age or graduate, and are met, without context or warning, with the sobering realities of our current economy. It can absolutely disrupt your social life, going forward. Potentially for the rest of the race. It ain't right.

Well Said. You need to make more than "just enough" to get ahead. It is a lot more difficult to work a 9-5 and make enough to one day retire; at this rate, it is almost impossible.

Exactly. Whats the point of learning how a mortgage works when you’re already guaranteed to never be able to afford one?

What about the fact that capitalism is build on ecologically unsustainable incentives? A system that requires endless profit growth means using more and more resources to create more stuff to buy and sell and that continues to enrich a small number of super wealthy. That's wildly unsustainable. The system is already in collapse but the question is: Are we brave enough to recognize it and make changes to build a better system to replace this one? If you look at "A Viable Society" by Peter Joseph, the talk goes over what is wrong with our system and what a viable system would look like and how we could create it. It starts at home, in our community, but with cooperation, collaboration and co-ownership, we could keep building out the new system as more communities and groups join with this new train of thought. Something quite like One Small Town Contributionism is already occurring in many towns around the world. How about that? Each member contributes a minimum of 3 hours per week towards co-owned community businesses and projects and each member gets benefits that are shared, such as free meals, free monthly gift basket of goods the community helped produce and profit share. This isn't a hippie colony. This is to be done in existing towns, with existing infrastructure and resources. But building as much local production as possible to create abundance and prosperity for all. This would be very much in line with Doughnut Economics as Kate Raworth has described.

Because some people are not scared to work hard for it

@@J0EYbagaDONUTS Some. Most inherit it. But you're missing the point. When the French first began trading with the Indians of America, they couldn't understand how the Indians ignored the idea of profit. For the Indians, the idea of any portion of their community having more than any other was absurd to them. The relative standing of the community was the important thing. Making sure all it's members were satisfied was the primary factor. The old "working hard" idea literally ignores the whole factor of community. A building with all the weight on top won't stand. But that's the question - are we as a nation more concerned with helping the least of its members or glamorizing the gluttons at the top? Some will say we can do both. Tell that to those, who through no fault of their own, find themselves incapable of financing college or paying their rent. Catastrophic wealth is incompatible with a fair social order. Don't tell me, I know your answer...life isn't fair.

Becoming a millionaire is something many middle class people by the time they retire from working and buying a home. By the time. A upper middle class person retires after 40 years of working they usually have a million dollars in assets. That is normal good faith honest work. The question has to be about billionaires.

@@farhan007 And I guess that's my point - is accumulating homes and class the reason we're here? Johnny Rotten said it best, "Why aren't we taking care of each other?" Is that naive or enormously relevant?

Should be why are there so many billionaires. The fact that being a trillionaire may be possible in the next decade is something wrong with the system.

As a guy, algorithms lead me to those rabbit holes, even if I'm not interested, and not only are they frightening, they're full of an extraordinary amount of angry young men. That can't end well. But what happens on dating sites where 5% of men get 95% of women's interest? At least my generation learned how to socialise without a cell phone and the internet. Kids today are getting eaten alive.

I agree.

@@Cosmos_Mariner Absolutely right. Gen X is always assumed to be fine whenever this issue comes up, but they're not. I see it all the time.

@@CommaCamActually, Gen X was the first to take the hit…things have just snowballed worse for other generations since then.

I’m Gen X. I just accepted a second full-time job at a meat packing factory so I can pay my bills and save money. “Vote with your wallet, not with your feelings.”

And at some point, someone will figure out how to capitalize on the air we breathe.

Why not both?

Economic opportunity gets squashed by the downward pressure from the top!

Opportunity is everywhere - the problem is that work no longer earns a measure of prosperity. Without this, what, exactly, is the point of participating in the economic structure ? And without participation, there is only the free-fall drop, without a useful safety net.

the economic opportunity is there.

Why would you not want both? If we're informed on how to adult, we have a higher chance of being successful and taking advantage of economic opportunities.

The system is working as intended. You were meant to be indentured, but you WEREN'T meant to recognize it until it was waaayyy too late for you to do anything about it.

Three kids. $150k/year Southern California (can’t even leave because my business is here) And it’s hard out here for me as well brother. If I was making *HALF* this during my parents’ home buying days - I would be living a life of luxury.

3 kids (2 in their late teens), $140-160k/yr and I'm fully expecting to have to take care of my parents and my mother-in-law at some point because they just spent all of their Boomer advantages of saving for their own retirements. It's very stressful, but just barely possible because I have a good IT job. I have no idea how other people are doing it with less and with the game stacked against all of us. This needs to end, and the first stop is forcing the politicians at all levels to live as we do: no $300k & up salaries for making up new problems to "solve" while existing crap goes unresolved; no insider trading and portfolio building while making/enacting laws that affect said portfolio; no special pensions, health benefits, and security detail - during and after serving in office - while the rest of us lose retirement funds, have health insurance made more expensive by "affordable" acts, and our legal and rightfully owned guns taken away.

Fellow $150ker with 3 kids living in SoCal. I wouldn’t say it’s hard but it has definitely forced us to scale back on luxuries like vacations, kids in extracurricular activities and eating out a lot. We live simple lives. Regarding change, don’t hold your breath. The only change you are in control of is your own.

3 Kids, one in college and 2 toddlers. Stay at home wife. $160K. We live basically check to check. Because we needed the space we bought a house 4bd, almost half a million dollars. My parents had a 5 bedroom, 2 story brick and block home. In 1950 they paid $5,000 for the house. They spent like $40,000 over their 65 years together expanding. We will be lucky just to pay our house off in 30 years when I'm in my 70s.

Who is the president again?

@@roejogan7770 I mean, this isn't exactly a new issue. It's been there since before 2016 and it will be there after 2024. Every president so far in recent history has found it perfectly acceptable to be complicit in this BS.

@@Lost1nTranslation What is your alternative to capitalism? If you say narco-communism then you aren’t a serious person.

@@roejogan7770 To be forthright, I'm not 100% sure which model is "better". They all have their pros and cons. Not any form of communism as you had mentioned. Maybe some socialized model. I studied computer science so, admittedly, my knowledge of economics is limited. I do know I would take some European models over what we currently have. It seems we even had it right a few decades ago economically. Sure, let's go back to that. But while my knowledge is limited and I rely on people far more versed in economics than I am to make decisions for our country, I do know one thing as a fact: this model is not sustainable. It's not working for everyone. That's not the bug, it's the feature. You need people to exploit to make our current system work. I make six figures as the only earner for my family and I'm still struggling. I still pay 5 figures in medical related bills each year. I still can't afford a house. Not until interest rates come down at least. I can't imagine how people are surviving who make less than I do.

@@Lost1nTranslation Who is being exploited?

I, for one, am not motivated in the slightest! I plan to live as cheaply as possible, make art, and travel. That's it. There's no reason trying to compete in the rat race, beyond affording the basics.

@@tavisbalkin4564 AMEN! That's where I'm at!

You could always consider leaving whatever urban hellhole you live in and try the suburbs or even better, rural areas. Cities really are terrible in every possible way unless you're rich.

Read The Bitcoin Standard. It is more a result of easy fiat debt driven money creating worthless jobs and the people who do actual work get paid nothing. Just too much easy money sloshing around. We need to go back on the gold standard or go on the bitcoin standard, something to tether money to reality again.

I agree, but the lack of financial literacy literally makes all of this that much more difficult.

they won't give an inch either, even in the face of complete collapse, they hate you that much.

Mika herself makes 8 million a year. Is she worth that???

@@jonnyfendi2003 Who cares? What does it matter what Mika makes?

I am 33 and my parents are from west Africa Liberia my parents intend to go back to Liberia next year I have earned as associate in arts degree and a Bachelor of Arts degree in Interdisciplinary Entrepreneurship Studies. I have always wanted to be an entrepreneur because books written by author named Robert Miyazaki who wrote the book rich dad poor dad says that jobs will soon be obsolete. I have now realized I will probably have to move to Liberia where my parents are from. I wanted to get a masters of science from graduate school but working two minimum wage jobs. I no longer believe in the American dream. I believe Americans should put themselves over their country because their country put itself over them.

@@Bwilli1990 I am an immigrant like you as well. But it is sad that so much about America has changed compared to when we arrived as a kid.

@@kolyxix yes it is sad whoever becomes president this election can’t really change anything hi no and I am predicting that eventually the people who will be moving will be the “educated” Americans the ones who gave the degrees and the skills mark my words if that happens the us government will try to limit the extensions of passports and make it that much harder to leave or give up their citizenship.

I'm 46 and finally have enough saved for the down payment and a year's worth of expenses. I can't find a house though, because we're 10,000 homes down in a city of 120,000 and anything that hits the market is gone within a 2 hour window. And all the local construction companies are booked years in advance for luxury retirement condos and fast food restaurants, so building is out of the equation too.

Try being in a place like Toronto good grief ugh

Yep. Now imagine what it's like for the lower incomes and those who've been dealing with "trickle down" corporations' total power fake "salaries", fake "minimum wage," etc. since the 1990s.

I sold my house in my early 30s to relocate and now I regret it, with the condition of the current housing market I doubt if I’ll ever be able to afford to buy a house again 🥴 I see why people are doing “ van life “

If it took you…43 years…while probably making more than $100k a year, then you made some really horrible financial decisions. My dad saved up $30k in 20 years, while making $40k a year and living in the most expensive city in the country. In this situation, you’re the one to blame.

Read The Bitcoin Standard. Our currency is the problem, too much money printing.

@@brent4073 The problem is that we are evolved imperfect bipedal apes and our system of commerce is based on resource scarcity and was created by imperfect bipedal apes. If there is a solution, maybe we will find it. But its also well within the realm of possibility that given sufficient time we end up just oscillating between poverty and extreme wealth inequality no matter what we do. There will always be Washington insiders, there will always be celebrity elites, there will always be lobbyists and bankers. The unfortunate dregs of society will never have equality with the elites because we are apes and apes are biologically hierarchal animals.

Dude is a grifter. Hes tied to the money that lobbied for the tiktok ban

Is everyone a 'grifter' who uses their money to make money...even if it's 'tied to oil' or 'tied to TikTok ban' or ? // I don't care if it's 25$ a week // get smart and find some guidance to invest some dollars. Change your mindset and change your life. Find a friend and a mentor

@@maniac50ae14But the TikTok ban makes sense from what he’s saying. Makes kids depressed and not experience life.

The people who write laws are typically rich, not wealthy. And they're rich due to blowbacks from the wealthy.

well they aren't the wealthiest but they are paid by the wealthiest

Facts!!!!!

My parents are the wrong type of Boomer and have financially cannibalized my siblings and myself for decades (identity theft). I went no contact a decade ago and now (at 46) I'm finally debt free and have enough in savings to make a down payment on a house. They were handed more opportunity by 18 than their generation ever handed to me, and it wasn't enough. Almost half of them have no savings at all, when they're in the most expensive stage of their lives. A generational Ponzi scheme, designed to make the Boomers the only generation ever to be coddled from cradle to grave. Selfish, selfish creatures.

Canary in the coal mine. Ours was the first gen that it happened to, albeit in smaller numbers.

Your generation dropped the ball. It’s evident all over the world. If your generation had a once of the courage or drive of millennials, the world would be better for all of us. It’s your generation’s time to lead, but almost everywhere you look, save a few exceptions, boomers have tried to hold on to power too long, or gen Xers were completely passed over to put a millennial in charge. Highest generational rates of drug abuse, suicide, and too many kids you didn’t pay for. Gen Xers are struggling because they won’t or can’t lead…..I think Mr. Calloway makes a great point about introducing basic financial and relationship management courses into the high school curriculum. A very good starting point to change if you ask me.

@@bernardwylie9760 Do you realize just how outnumbered we were and how the Boomers literally outvoted us to give themselves the cushiest existence that any group has ever experienced? We couldn't do much more than hold the line. 2018 was the first year EVER that the Boomers were a smaller voting bloc than the rest of us combined. 45 years of complete political dominance. And you think it's our fault. I hope the rest of you aren't as arrogant, or Gen Yet to Be Named is going to be having the same conversation about you in 40 years.

Ask Joe Biden. The credit card companies have been his top funder for years.

EXACTLY!!!

The credit card companies also send letters indicating your account will be closed if you have zero balance and haven’t used the card over a certain period of time. My goal (and sure others) is to be debt free and not accumulate more debt that you end up paying more back with their high percentage rates.

Its simple. Don't pay credit card interest. Why give away money, just keep that $ for yourself.

I'm a 29 year old male who grew up in Denver Colorado. It hurts. I have to claw for everything by my fingernails.

He didn’t even mention student loans… I’m 37 and crushed by student loans.

That's nonsense. Corporate capitalism, in all it's forms, is creating this situation. And government enabling of it.

It's Late Stage Capitalism, and it's ugly. The system is the sickness as Prof Richard Wolff to expertly describes. We need to move beyond capitalism, it was never capable of producing health, wellness and prosperity for all. Let's re-invent the economy to end oppression, something like The New Human Rights Movement by Peter Joseph or Ubuntu Contributionism by Michael Tellinger. You can read and learn or choose to ignore, but this is kind of a Blue Pill / Red Pill Matrix moment. Ignore and blue pill yourself or follow the sources down the rabbit hole of truth and see how far it takes you.

Thank-you for being Honest! 👊👊✊✊👏👏👏

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.

She's a licensed broker in the states 🇺🇸

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

Trump been saying this. Most all conservatives have been screaming that this result of democratic policies

@@69ballerpimp4life Spare me, they’re both guilty of ruining the education system. Especially the GOP.

💯🎯

My man slipping some bible verses in as a commentary on the 2-faced nature of christians in america. 10/10, what a comment should be.

Matthew 19:24 Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God. Mark 8:36 For what shall it profit a man, if he shall gain the whole world, and lose his own soul?

While the masses are looking to the afterlife they are getting robbed blind in the open in this one.

You have a choice in where you work, you don't like how the CEO earns, leave. What you don't have a choice in is the confiscatory nature of the Federal Government to take you wages and dole them out to their cronies all around the country and the world. CEOs aren't your enemy, stop buying into the class warfare. Government is the enemy

what does Christianity have to do with this?

Good Lord, then the other one uses his time to blame the financial illiteracy of college grads