You can pretty much stop watching when he speaks to Milton Friedman. Old man Friedman looks like he's on his deathbed, and yet, he's exponentially more intelligent than mr Johnson will ever be.
I believe in capitalism. If anyone, who has any common sense, has a better system then share it with everybody else. Where else will the jobs come from?
Your stupid! Everyone is born a millionaire. Millionaires don't wait around for a handout, they work to achieve their potential. All this is communism 101dumb. An immature rant, that is the result of a liberal education with no real experiance. Stupid.!
YES THEY dO GET HANDOUTS LOOK AT THE $700 BILLION DOLLAR BAILOUT THAT WAS PAID FOR BY TAX PAYER MONEY WAS THAT NOT A HANDOUT FROM THE gOVERNMENT?? AND THE ONLY REASON WHY RICH PEOPLE ARE SO AFRAID OF SOCIALISM IS BECAUSE THEY FEEL THEY ARE TOO GOOD IN ORDER TO SHARE THEIR WEALTH WITH SOMEONE ELSE ITS GREEY AND ITS WRONG!
@SapphireDiamond19 I'm not going to get in a debate with you, if you make money then you should keep every cent you make except for what is required of LIMITED government to operate on. Not the social welfare structure set up in the 60's that has bankrupted this nation. My money is my money and i will pass it along to my family to use as THEY see fit. Trillions of tax dollars down the social program drain has done nothing to cure poverty or illiteracy or crime or drugs,ietc.
Even IF the wealth was "distributed evenly" there would STILL be those with more ambition, more drive and/or more talent that will STILL make more money than others. If they earned their extra money ethically, is it fair to say they shouldn't have more just cuz others have less, even tho the wealth was "distributed evenly" in the beginning??
The answer is HELL NO.
I feel ppl would STILL find sumthin wrong with that typa system, too!
I have yet to understand WHY yall hate on rich ppl so much??
I KNOW self-made millionaires who became rich from their OWN efforts and WILL pass on the legacy to their children. One's in the beauty industry, ONE hand-makes products and sells them online and the other makes/produces beautiful music. In ALL of their situations, NO poor ppl are bein taken advantage of AND they're ALL big-hearted philanthropists.
There's absolutely NOTHING "wrong" or "sinful" about how they've acquired their wealth.
Theoretical question: If we were able to redistribute every single penny of the worlds worth to every human on the planet, what would happen? In other words, would the total wealth again end up in the hands of a few, if the ground rules were set to no killing, no wars, no stealing or enslavement of persons, racism/sexism allowed. Would it then be possible to then achieve world peace?
@DAREDARVIL i'd think so. But let's start with some practical constraints on the theory: does every country have enough to distribute to it's own people? If not, would the people of one country give their wealth away to people of another?
Food for thought: would everyone be happy if everyone had the same amount of wealth?
The problem is a tiny percentage of individuals invested into corporations are buying control of government policy for their private gain.
The individual investors in corporations all have their one man one vote like the rest of us BUT their money making machines have set their sights on commandeering the distribution of our tax dollars for their benifit at our expense.
What we have now is a new economic serfdom. The top % love national debt because they loan our own money back to us.
the only talent and "knack" ive seen since the reagan years is shell games and money market manipulation...much of the technology growth came out of asia...these people are hard to digest.........great film........friedman was a shill by the way, working for rather not say.............
If you don't like it, go out on your own and become part of the top 1%. My parents immigrated from a 3rd world country to Canada and now their income would put our family at the top 1%. All hard work. It's achievable if you have intelligence and ambition. You won't achieve it by complaining about it online.
@berkshireee If only 1 in 100 have wealth, it isn't because the poor aren't hardworking or intelligent. There is no valid reason why a larger percentage can't do well except the structure of the system allocates the profits of our nation's industry to only a few and quite often those who didn't actually work for it as evidenced by Mr. Johnson's documentary and family's hereditary unworked for wealth.
How do you define wealth? Currently, the top 1% isn't as well off as you think. To get there, all you need to do is make about 300k a year in your household. Two experienced computer engineers can easily top that (just an example). Of course, most people are not intelligent enough or hardworking enough to become computer engineers (or engineers in general). If you actually compared the top 1% vs top 0.1% or 0.01%, the numbers are much more staggering.
@berkshireee Wealth is very well-defined by this documentary. That figure you cite is well-worn. What percentage of the 1% actually are a 300k (approximately) household, or is that number a result of actually defining the upper edges of the 99%? It works both ways, if you are using the number that defines the threshold. Family wealth that is unearned, wealth that grows while its owner does nothing, that is the wealth that is obscene.
Actually, most of the top 1% makes 300k or a little more. The wealth as defined in this video is only possessed by maybe a few thousand Americans today.
When you say family wealth is obscene because it is unearned...I want to know what you mean by that. Everything we have-our intelligence, our hard work, etc come from genes, which ultimately come from our parents. If you're against the passing of wealth, maybe you should be against the passing of genes as well?
that edit at 7:15 is just brilliant "I've tried to think about being out there and what would cause me to be resentful"... cut to guy pulling out in a black lambo - utter genius :D
@panathabro umadbro? i'm making my own wealth, i'm not in the 1% but i do have a 5 figure bank account at 22, and i got it from working my ass off.. i'll bet your in debt 50k in college loans, 10k credit cards, and want the top 1% to take care of your problems. Guess what we both of us took risks, yours is just the wrong side. You lose I win. As the depression sets in ill be trading the volatility in the futures market making thousands and buying up real estate while you suffer what you deserve
why should we liste to this idiot who has never had a real job in his life he thinks money is magic that no one works that they are only money hungry, I bet he doesnt even know what a stock is.
all you lazy fucks to lazy to work stop asking the rich to buy your lazy ass some shit and get off your ass and get rich yourself all this occupy wall shit is hilarious its a bunch of hippy bums that want a free ride in life
@ImC00LyourNOT hahahh go fuk urself u cocksucker mother fucker.......ur a victim of propaganda and clever marketing you fuk.........and dont fuckn lie you would love a free ride in life which in fact no poor ppl get just children of the fuckn rich...you cocksucker suck my cock
@maryjoemontana Couldn't Agree More!!!!! TO THE RICH - "A Revolution is not a dinner party, or writing an essay, or painting a picture, or doing embroidery; it cannot be so refined, so leisurely and gentle, so temperate, kind, courteous, restrained and magnanimous. A revolution is an insurrection, an act of violence by which one class overthrows another." - YOUR FOE MAO
Full credit to the maker of this film for presenting what the interviewees say without Michael Moore style editorial comment, and for interviewing people from both sides of the fence.
The engine Milton Freeman talks about is competition. Competition does not have to be about money. He may be a PHD with multiple books but he should understand this simple concept.
friedman knows he's a weasel and a con. you can clearly see how he's uncomfortable in his own skin ... and how he carries himself like someone who knows how guilty they are.
and as he is practically on death's door in this movie. by his karma, this must have been about the time he started feeling the demons pulling at him to take him to his new hellish abode.
@AroundSun ad hominem is the best ya got keyboard kommabdo? nevermind ... dont answer that. just understand that you will never be rich like them you dumbass. its like saying if you work hard enough someday you or someone in your family can become the king of siam. go fuck yourself you ignorant traitor. btw, they mock you behind your back, and the only reason they invite you to their parties is to hold doors open and mop toilets.
@Leeroy69Jenkums what?!? which movie were you watching??? all i saw was a coward getting called out on his degenerate bullshit ... and then i saw him squirm around like the miserable worm that he is.
What people dont understand, on both sides, is what the real problem is. If you were to present this documentary to a right winger, like milton friedman, theyd react like milton friedman, and likely say, yes capitalism is the worst of all systems, except EVERY OTHER SYSTEM. However if you said well okay what should we do about the flaws? They say your a socialist evil liberalist. In reality, capitalism has helped life, greed superceded it. THATS THE PROBLEM.
If a mismatched football team kept scoring after the score reached 100-0, it would be called poor sportsmanship. If you're super wealthy, and keep accumulating more while keeping wages down... same thing.
There's an issue here but this kid isn't helping. What's up with his Michael Moore narration? That's not someone to model your work after. The family financial advisor almost had it right when he told the kid to "do more work first". Yeah like go study the subject seriously before you waste time making a film about it. You know who's able to spend their time making films on subjects they know nothing about? Spoiled rich kids.
best part of this film is milton friedman owning this kid's ass. Just because he graduated from NYU he thinks he knows the economy. He said he read some of Milton Friedman's books but he couldn't name them..just said he read it in high school as required reading. Who is he trying to prove himself to? He's a horrible film maker and should just stop. yeah. stop.
@AlchemicGnosis What they are saying is that in order to run a successful business your core product/service has to be beneficial to people that use it or you will be run out by your competition. Therefore successful businesses prosper that prosper under Capitalism DO by definition help people and hence inherently possess some shred of morality.
BTW 'usury' does not mean what you think it does. Lending money at inflated interest rates is not intrinsic to Capitalism.
(2) Lending money at ANY rate of interest is usury, it doesn't simply have to be at an 'inflated' rate to be deemed such. Of course you are free to provide the example of a particular country's capitalistic system that functions free of any presence of usury. I await with anticipation to learn of this 'interest free, Capitalistic utopia' I've never personally heard nor read of.
(1 cont'd) The Capitalistic eithic doesn't care about morals or human health. It'd be quite happy if every member of a society was physically and psychologically sick, if it meant money was to be made from such conditions - all it cares about is making a profit (ie, where is the capitalistic motive to make a drug cure for cancer before making a drug that just makes cancer managable? The latter promises permanent ongoing profits from each sufferer, the former just a 1-time profit).
(1) A 'successful business' does not, BY DEFINITION, mean it has helped people. Selling Coca-Cola is a successful business, but does nothing to promote human health. The Military-Industrial Complex via fear-tactics promotes the killing of human-beings. Innumerous successful businesses thrive on appealing to the lowest common denominators/to human weaknesses, none of which may in any way be deemed 'helping' people (unless your definition of 'helping' is free of any moral compass).
to be fair though, he doesn't seem to understand the subject at a deep level. he just looks at figures but he hasn't really studied the theories properly -'your readings are assigned readings.. they xerox it and pass it round' hahaha that does not make you look good when you're trying to argue with such powerful men (women) .
@cherrybomb921 That's not true. Some rich parents (The Buffets and the Trumps) make their kids work for their money. Warren Buffet's kids had to get summer jobs. Invanka Trump works 13/14 hour days for her money and pays her own mortgage. Sure, they're still rich (which is fine. I wish I were), but they understand hard work. Not all rich parents spoil their kids that way.
milton, it's risen because of inflation. not because they are "making more money". also commodities and products have also risen in cost to recoup the losses of paying more money to the lower class. so the cost of living is pretty much exactly the same compared to salary. no one is actually making "more money' because the value of the dollar has dropped significantly from the 70s
Seek for wealth and you will find it. Seek for job security and a respectful job tile, and you will find that also. Seek to do nothing with your life, and you will have nothing. Whatever your choice, its your choice and you should not be bitter and recent those who reap the reward of their choices. Instead of complaining about the rich, learn from them. Wealth is a formula, not destiny.
@acccccac there will always be people at the bottom of the food chain. always, not everyone is destined or able to become ultra rich. that just wouldn't be a possibility.
No one has considered that if weatlh is best represented by money.......and money is nothing more than a representation of a common fiat barter of the Earth's resources and human labor..
..and capitalism is based on growth through expanding markets using fractional reserve banking as an engine.........
One problem........the Earth and its resources is finite...........
I'm not a socialist but there has to be some level of managed captalism or we will rape the planet of its resources....
"If you have a certain talent, in a free society, you should have the opportunity to discover what that talent is... and develop that talent. By developing your talent... you are not only helping yourself, you are helping others. "
-Steve Forbes making the best argument for socialism I have ever heard.
@qwertypoiu4321 You're the idiot. The ruling-class has driven this country to ruin. I'm 63 and have seen it happen, especially since Reagan. The teabagger/fundamentalists might be fooled but I'm not. A hard rain going to fall. And I know who the true enemy is. WORKERS OF THE WORLD, UNITE!
@kauaiphil The coercive, political class 'supply-side' and 'demand-side' keynesians have been bankrupting the US State by coercively giving out more than is being produced and coercive inflation, especially since Nixon ended the mangled gold standard in 1971.
@kauaiphil soon you boomers will be dead and you'll have zapped social security and medicare. In which you have to be on drugs to believe will last forever.
Prepaid, but Not Prepared for Debit Card Fees By Andrew Martin,2009 NYTimes article. This is a great example of how the poor are stolen from using reverse robin hood ideology. Not only do we deny them of an education by now cutting back school spending more than ever before,but we outright steal what we can.
It's amazing and shocking that the people in this film see capitalism as a moral force,it isn't. Also,they consider the opposite of capitalism to be hand outs,instead of regulating industry
This is NOT capatalism; it's Corporatism mergering with govt=fascism. If you listen to Bob Chapman's youtube channel, he talks alot about this and how Wall Street owns and controls the govt and banking system through the private for profit federal reserve. Watch The American Dream Cartoon and The Creature From Jekyll Island for a better understanding.
Actually, there couldn't be a better moment. The financial state that we are in demonstrates how correct Friedman is. The sub-prime housing bust was a direct result of government liberals tampering with free markets to satisfy their left leaning political agendas. It's that simple! Requiring lenders to provide loans to unqualified? applicants in the name of social justice and equality has nothing to do with free markets. It is socialism. Too much apparently for the liberal brain to comprehend.
@AroundSun Wow a brain in the comments section. Thank you. People love to blame the banks for lending that money but it was also the financially illiterate and greedy low income familys that tried living beyond their means that signed the papers on that subprime loan. Most dont understand the rich are rich because they have discipline and buy assets that produce income and buy more with that income where the poor live in the moment and buy liabilities like TVs and Skidoos or Xbox all on credit.
@AroundSun what kind of bullshit is this? The sub-prime housing bust had nothing to do with "government liberals tampering with free markets". It had everything to do with banks VOLUNTARILY taking on risk and ignoring the consequences in the name of assumed profits (i.e. greed), not "social justice and equality". Credit rating agencies added to the problem with mortgage fraud. Leave your thinly-veiled racism and erstwhile under-informed crap at the door.
@DrClaw77 Voluntarily taking risk? You mean, subsidized risk? The federal reserve lowered interest rates to basically zero and pumped the banks full of cash, FREE MONEY. Wells Fargo and all of these other investment banks/insurance companies were given easy money to leverage up. Community Reinvestment Act, FMA FMC buying up toxic assets, promise of BAILOUT!! You are dumber than dumb, entities in a free market fail at their own expense, not everyone elses. Greed, LOL! Liberals are braindead
@AroundSun Predictable. Both commercial and residential real estate bubbles rose in unison, and more importantly, independent studies have shown many subprime lenders were NOT subject to the CRA. Repeal of Glass-Steagall, which allowed commercial banks and investment banks to once again become one, and thus "too big to fail", a CONSERVATIVE idea was also one of the leading contributors. All the CRA is a scapegoat for conservative/libertarians with racist agendas and no investigative skills.
@DrClaw77 If you didn't have deposit insurance you wouldn't have to regulate the banks. Glass Steagall is not what collapsed the economy my friend, that is a liberal farce because economics is too complicated for them to understand, therefore, they need to blame it on the removal of a regulation so their simpleton brains can clammer and holler about more regulations. Privatizing profits, socializing losses, promise of bailout creates moral hazards. Too big to fail is BS and is an Obamaism..
@pmack169 I cant name single country where Laissez faire - there is no Utopia in modern world but i can name you bunch of countries where low taxes and low cost production worked, times where bureaucracy destroyed wealth and goverment intervention make people only poorer. You saying that Canada and other countries is good cuz of national healthcare etc. is like homeless saying he should buy swimming pool so he will be rich. Being rich is not result of spending.Spending is result of being rich
@pmack169 When you talk about how freedom brings bad things like death and poverty you assume that people are not working in interest but that they are idiots and should be controled by upper body... like animals.
...And yes big corporations and small producents cant get profit without providing good to consumers.
Its easy to say that 50` were great when competition was destroyed in WW2. Why high taxes dont work now for US? What have changed?
@pmack169 I think our disscusion should not be about goverment intervention but about values. You put security first , For me Freedom is first. In my world you could bulid with your friends your autonomy and rule how do you want. In your world i am tax-slave. Freedom has bigger value and its more effective
@pmack169 Yeah he might be in bad way at this point in time because before he was paying to others who were in bad way.... If someone wants to help , thats fine but dont use FORCE to do it. Goverment cant spend money in good way - they didnt work for it , they dont know how hard is to get them , they didnt produce goods and services.
@pmack169 I dont see only communism or laissez faire. Now we are in mixed economy. Question is which side is bad. Dont say goverment can help. It can take away from other people by force. In UE rich farmers are getting subsidies... and yes i am against that, that leads to corruption and bureaucracy. Deregulation?What about rating agencies and FED?That was all Goverment fault. Watch Peter Schiff he was saying this gonna crash back in 03`
@pmack169 When you put freedom in first place of course some people will have more then others.Which situation is better: where one earns 1$ and his pal 2$ or when one earns 10$ and his friend 40$. You think the first is better .... I am from Poland , and if you are right we should go back to Socialism.
Also you can look at 08` crisis and bailout to see how goverment regulation and intervention ended
The rich would share their wealth only when they have to. That is, through employment. When there are mundane jobs, they will pay us to do the work. That's how the wealth trickle down. Otherwise, they will do everything they can do widen the gap...generally speaking. I know there's charity. But the fact is that the gap is widening.
This is the TRUE Illuminati, The corporate bigshots who influence the media and culture. Not some secret devil worshipping club, you have to have money to have power. & Im not mad at em, we live in AMERICA If you work and use ur brain and don't complain u got a shot...Im not saying everyone has the same opportunities and due to some unfortunate circumstances some people may realistically never make it but thats life, learn the rules to the game and then play as best as u could, fight 4 yours!
I think there are SOME sinister shit going on illuminati wise, otherwise I'm with you completely and thank GOD somebody is levelheaded about it and not spouting about Satan, Aliens, Reptiles etc for a change.
Just wondering - does the economist (Milton Friedman) take in to account the changing value of the dollar when he mentions a rise in average wages for the lower class? Because the dollar today is not worth the same amount as it was in the 70s.
Buffet is an ego nut case. When you factor in the cost of living coupled with the so called income increase of the lower class, nothing has truly changed. It's the Scientific Method at the fundamental level that creates wealth not capitalism. Capitalism only allows your product to fit a contrived monetary equation and then enter the market, and at the same time needs inefficiency to be price efficient....what a waste or resources.
When corporations mess up, the taxpayer bails them out and foots the bill. We can't afford to help the poor, say the politicians, who then give trillions to Wall Street and the MIC without question. There's always money for Corporate Welfare and wars.
Look at how fast Bush gave the welfare handouts to Wall Street in 2008, and contrast that with his glacial reaction to Hurricane Katrina.
Milton and cretins like him constantly pout about "don't take our money through taxes to redistribute to others."
First, when you say "redistribute," it means there is something wrong that you pointed to the action.
Second, the redistribution we are talking about must be initiated by the "market" itself. If I make $1 million, and my 20 employees $30k (hypothetically), who said I "deserve" that $1 million and others $30k? Why not $800k and $40k for them? That's what's being said here.
@ninuxy The goverment shouldnt be allowed to do things you can. I cant steal from one and give it to another ... but Goverment can... Redistribution = stealing. Why not 800k for you ? You can get whatever you and your employes agree , you were risking making the bussines and thats why you deserve any ammount
Well let's just STOP BUILDING roads, schools and hospital then!!!
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Since I cant do it on my own why would the government be able to do it??--------------- WHY DO WE NEED A GOVERNMENT IN THE 1st PLACE??? Lets just get rid of it!!!------------We should also get rid of those silly LAWS passed by the government !!! I dont have the power to passed laws either. Why should they??
@goyavesETmangues yes government shouldnt bulid schools and hospitals. Free market can do it much better. Government should be referee not helper - thats why it should make rules and obey it. The rules are written in constitution. Prive property is one of them.
-----WHAT?????-----Schools and hospital of good quality affordable to ALL??Are u serious? U'd b happy to know that these past years have seen the rise of schools sponsoring by big business leading to educational standards dramatically falling according to the OECD in contrast with countries such as China n Finland where the state system is dominant.
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What happened to being a CITIZEN before a CONSUMER? I naively thought we lie in a SOCIETY together not a MARKET
@goyavesETmangues They would provide good quality. You know why? Because nobody wants bad schools , people will choose better ones - Competiton makes everything better. Price?some people drive Ferrari ,some drive toyota...
I dont want live in society where goverment takes my money and give it to lazy bum
If you think public hospitals and schools are good , why not food industry? Well i tell you something. We had big goverment here in Poland. You know how it ended
I am telling you that they are NOT providing good quality teaching and your counter argument is this??? I am talking about REALITY, not a fantasy!!!
"Because nobody wants bad schools" R U SERIOUS?? Big business just want PROFIT that is their duty to their shareholders they dont care about anything else!!!Such a system will block SOCIAL ASCENSION
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U talked about the failure of the system in POLAND but that didnt prevent CHINA, JAPAN and S. KOREA to succeed
@goyavesETmangues yup this is reality. Nobody wants a bad bread nor bad school. You know what is competition?Big business cant get profit without providing quality product. Of course it can be good in Japan or Korea. Soviets had best army , sportsmen but all that is on a cost of the others. That how socialist country work. Its like a small blanket on a person. You can make propaganda that it covers your foot and legs, but it will never cover your whole body.
"You can get whatever you and your employes agree"----------------YEP it makes so much sense!!!---------Given that employees and employers have EQUAL BARGAINING POWER and employers are not in a position of power or influence over their employees
@ninuxy The goverment shouldnt be allowed to do things you can. I cant steal from one and give it to another ... but Goverment can... Redistribution = stealing. Why not 800k for you ? You can get whatever you and your employes agree , you were risking making the bussines and thats why you deserve any ammount
@Justajawnie money corrupts everybody that's how billionaires stay on top they spend millions to find ways of making the rest fight with each other and not unite so they can stay where they at.. buy a few people here and there and no movement gets anywhere because of it
@RonWJr84 Yea, unions work so well. Unions turned the Motor City of Detroit into a ruin. Do your research and you'll see that the US Automakers Union ruined that city and the American auto industry single-handedly.
@hemonkey01 So what ? Even Obama's terrorist buddy Bill Ayers is from a wealthy family...... It is not unusual for spoilt kids with rich daddies to become crusaders against the system.
Why rich people would want to live in Chicago is beyond me..
SummerInTahoe 1 month ago
You can pretty much stop watching when he speaks to Milton Friedman. Old man Friedman looks like he's on his deathbed, and yet, he's exponentially more intelligent than mr Johnson will ever be.
SoulDesign 1 month ago
I believe in capitalism. If anyone, who has any common sense, has a better system then share it with everybody else. Where else will the jobs come from?
farmmur 1 month ago
You can say the system sucks, but you can't put the blame on the rich: most of us would behave exactly the same in their place.
We're not the poor at the bottom. We're just the ones that also wanted billions of dollars, but just failed in getting them.
Lolznator 2 months ago
@Lolznator I can't believe you just said that. Everyone watching the comments is now sadder from what you just said. May god have mercy on your soul.
klasomentas 1 month ago
@klasomentas My apologies. I withdraw my comment, it was foolish of me. Praise the lord.
Lolznator 1 month ago
rich people don't like poor people near them / rich wish if poor people be under earth
fsh1963 2 months ago
television camera....
XoxSunRayzxoX 2 months ago
Your stupid! Everyone is born a millionaire. Millionaires don't wait around for a handout, they work to achieve their potential. All this is communism 101dumb. An immature rant, that is the result of a liberal education with no real experiance. Stupid.!
wleit 2 months ago
YES THEY dO GET HANDOUTS LOOK AT THE $700 BILLION DOLLAR BAILOUT THAT WAS PAID FOR BY TAX PAYER MONEY WAS THAT NOT A HANDOUT FROM THE gOVERNMENT?? AND THE ONLY REASON WHY RICH PEOPLE ARE SO AFRAID OF SOCIALISM IS BECAUSE THEY FEEL THEY ARE TOO GOOD IN ORDER TO SHARE THEIR WEALTH WITH SOMEONE ELSE ITS GREEY AND ITS WRONG!
SapphireDiamond19 2 months ago
@SapphireDiamond19 I'm not going to get in a debate with you, if you make money then you should keep every cent you make except for what is required of LIMITED government to operate on. Not the social welfare structure set up in the 60's that has bankrupted this nation. My money is my money and i will pass it along to my family to use as THEY see fit. Trillions of tax dollars down the social program drain has done nothing to cure poverty or illiteracy or crime or drugs,ietc.
wleit 2 months ago
Comment removed
wleit 2 months ago
Even IF the wealth was "distributed evenly" there would STILL be those with more ambition, more drive and/or more talent that will STILL make more money than others. If they earned their extra money ethically, is it fair to say they shouldn't have more just cuz others have less, even tho the wealth was "distributed evenly" in the beginning??
The answer is HELL NO.
I feel ppl would STILL find sumthin wrong with that typa system, too!
Rich ppl are NOT the devil.
Many ppl are just envious haters.
TubeBoober 2 months ago
BLAH BLAH BLAH AND MORE BLAH BLAH BLAH rICH PEOPLE ONLY GOT TO WHERE THEY ARE BECAUSE THEY SCREWED OVER THE 99% I WANT MY MONEY BACK!
SapphireDiamond19 2 months ago
@SapphireDiamond19 Not ALL rich ppl...
TubeBoober 2 months ago
I have yet to understand WHY yall hate on rich ppl so much??
I KNOW self-made millionaires who became rich from their OWN efforts and WILL pass on the legacy to their children. One's in the beauty industry, ONE hand-makes products and sells them online and the other makes/produces beautiful music. In ALL of their situations, NO poor ppl are bein taken advantage of AND they're ALL big-hearted philanthropists.
There's absolutely NOTHING "wrong" or "sinful" about how they've acquired their wealth.
TubeBoober 2 months ago 2
240p we meet again
RachidNYSE 3 months ago 7
"Don't take the money from me" ... good sentiments to start part two off with. Thanks for posting this movie - amazing stuff here.
KarstenJohansson 3 months ago
Theoretical question: If we were able to redistribute every single penny of the worlds worth to every human on the planet, what would happen? In other words, would the total wealth again end up in the hands of a few, if the ground rules were set to no killing, no wars, no stealing or enslavement of persons, racism/sexism allowed. Would it then be possible to then achieve world peace?
DAREDARVIL 3 months ago
@DAREDARVIL i'd think so. But let's start with some practical constraints on the theory: does every country have enough to distribute to it's own people? If not, would the people of one country give their wealth away to people of another?
Food for thought: would everyone be happy if everyone had the same amount of wealth?
tyreburn 3 months ago
The problem is a tiny percentage of individuals invested into corporations are buying control of government policy for their private gain.
The individual investors in corporations all have their one man one vote like the rest of us BUT their money making machines have set their sights on commandeering the distribution of our tax dollars for their benifit at our expense.
What we have now is a new economic serfdom. The top % love national debt because they loan our own money back to us.
NowPleaseReadThis 4 months ago
the only talent and "knack" ive seen since the reagan years is shell games and money market manipulation...much of the technology growth came out of asia...these people are hard to digest.........great film........friedman was a shill by the way, working for rather not say.............
TheHobbgobblin 4 months ago
The trickle effect? LOL yeah the top 1% control 40% of wealth in the country. I wouldn't call that a trickle i'd call that a fucking clog
DoodWinSauce 4 months ago 4
@DoodWinSauce
If you don't like it, go out on your own and become part of the top 1%. My parents immigrated from a 3rd world country to Canada and now their income would put our family at the top 1%. All hard work. It's achievable if you have intelligence and ambition. You won't achieve it by complaining about it online.
berkshireee 3 months ago
@berkshireee who said i didn't like it you DUMB FUCK?!
just a EDUCATED fucking OBSERVATION YOU IDIOT!
get off my cock and get a life! ahahahaha!!
DoodWinSauce 3 months ago
@DoodWinSauce
Wow, are you 13? Either that or you have huge anger issues..
berkshireee 3 months ago
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@berkshireee no, I'm tired of idiots like you making assumptions.
DoodWinSauce 3 months ago
@berkshireee If only 1 in 100 have wealth, it isn't because the poor aren't hardworking or intelligent. There is no valid reason why a larger percentage can't do well except the structure of the system allocates the profits of our nation's industry to only a few and quite often those who didn't actually work for it as evidenced by Mr. Johnson's documentary and family's hereditary unworked for wealth.
MorningGloryD 3 months ago in playlist The One Percent
@MorningGloryD
How do you define wealth? Currently, the top 1% isn't as well off as you think. To get there, all you need to do is make about 300k a year in your household. Two experienced computer engineers can easily top that (just an example). Of course, most people are not intelligent enough or hardworking enough to become computer engineers (or engineers in general). If you actually compared the top 1% vs top 0.1% or 0.01%, the numbers are much more staggering.
berkshireee 3 months ago
@berkshireee Wealth is very well-defined by this documentary. That figure you cite is well-worn. What percentage of the 1% actually are a 300k (approximately) household, or is that number a result of actually defining the upper edges of the 99%? It works both ways, if you are using the number that defines the threshold. Family wealth that is unearned, wealth that grows while its owner does nothing, that is the wealth that is obscene.
MorningGloryD 3 months ago
@MorningGloryD
Actually, most of the top 1% makes 300k or a little more. The wealth as defined in this video is only possessed by maybe a few thousand Americans today.
When you say family wealth is obscene because it is unearned...I want to know what you mean by that. Everything we have-our intelligence, our hard work, etc come from genes, which ultimately come from our parents. If you're against the passing of wealth, maybe you should be against the passing of genes as well?
berkshireee 3 months ago
@berkshireee Thank you. Simple and VERY (kindly) well put.
TubeBoober 2 months ago
that edit at 7:15 is just brilliant "I've tried to think about being out there and what would cause me to be resentful"... cut to guy pulling out in a black lambo - utter genius :D
anthonymcgrath 4 months ago
@panathabro umadbro? i'm making my own wealth, i'm not in the 1% but i do have a 5 figure bank account at 22, and i got it from working my ass off.. i'll bet your in debt 50k in college loans, 10k credit cards, and want the top 1% to take care of your problems. Guess what we both of us took risks, yours is just the wrong side. You lose I win. As the depression sets in ill be trading the volatility in the futures market making thousands and buying up real estate while you suffer what you deserve
ImC00LyourNOT 4 months ago 2
Interesting.
everyone get tattooed at my shop for some bad ass work.
google : Johnny Mexica
johnnymexica 4 months ago
why should we liste to this idiot who has never had a real job in his life he thinks money is magic that no one works that they are only money hungry, I bet he doesnt even know what a stock is.
ajgolfer1 4 months ago
all you lazy fucks to lazy to work stop asking the rich to buy your lazy ass some shit and get off your ass and get rich yourself all this occupy wall shit is hilarious its a bunch of hippy bums that want a free ride in life
ImC00LyourNOT 4 months ago
@ImC00LyourNOT hahahh go fuk urself u cocksucker mother fucker.......ur a victim of propaganda and clever marketing you fuk.........and dont fuckn lie you would love a free ride in life which in fact no poor ppl get just children of the fuckn rich...you cocksucker suck my cock
panathabro 4 months ago
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@maryjoemontana Couldn't Agree More!!!!! TO THE RICH - "A Revolution is not a dinner party, or writing an essay, or painting a picture, or doing embroidery; it cannot be so refined, so leisurely and gentle, so temperate, kind, courteous, restrained and magnanimous. A revolution is an insurrection, an act of violence by which one class overthrows another." - YOUR FOE MAO
JaneSanFrancisco 4 months ago
Hmm, what is the talent and ambition in being born into a rich family? LoL
fratdawgg23 4 months ago 2
@fratdawgg23 someone in the family of these so called "born rich" worked hard for that. Do the same for your future generation.
jovelnom 4 months ago
Dumb shit greenspand the jew says we are earning more, but adjusted for inflation he never talks about the evil sack of jew shit.
MrAppleseed88 4 months ago
He's a brave filmmaker and ahead of his time. Better listen to him now.
nicksly 4 months ago
At 4:08 , a UPS truck goes by, not FedEx which paid $2.4 billion to buy Kinkos.
295g295 4 months ago
Full credit to the maker of this film for presenting what the interviewees say without Michael Moore style editorial comment, and for interviewing people from both sides of the fence.
ImperialUSA 4 months ago
The engine Milton Freeman talks about is competition. Competition does not have to be about money. He may be a PHD with multiple books but he should understand this simple concept.
labamba8448 4 months ago
friedman knows he's a weasel and a con. you can clearly see how he's uncomfortable in his own skin ... and how he carries himself like someone who knows how guilty they are.
and as he is practically on death's door in this movie. by his karma, this must have been about the time he started feeling the demons pulling at him to take him to his new hellish abode.
paragshah2112 4 months ago 3
@paragshah2112 You are just the scum of the earth. People wonder why liberals are fucking so braindead. You are a prime example.
AroundSun 4 months ago
@AroundSun ad hominem is the best ya got keyboard kommabdo? nevermind ... dont answer that. just understand that you will never be rich like them you dumbass. its like saying if you work hard enough someday you or someone in your family can become the king of siam. go fuck yourself you ignorant traitor. btw, they mock you behind your back, and the only reason they invite you to their parties is to hold doors open and mop toilets.
paragshah2112 4 months ago 2
@paragshah2112 liberals cant do anything without conservatives, by design. end of story. you lose lol
AroundSun 4 months ago
@AroundSun hmm ... lets see if i can do this too ...
** shut up, you're stupid. i win! **
oh there, it looks like i can! the end.
paragshah2112 4 months ago
@AroundSun we can fuk your wives who only kiss u once or twice a month cuz u pay for her drug habit...go pray you fuk
panathabro 4 months ago
@panathabro ummm what? im not religious or married...so what were you saying?
AroundSun 4 months ago
A "penis" trickling on poor people?
Mike2246282 4 months ago 2
reaganomics: giving all the money to the rich, and letting a few penis trickle down to those poor sobs at the bottom of the latter.
Idtelos 4 months ago
WHAT TALENT DOES STEVE FORBES HAVE?
1IIIIIIIIII1 4 months ago
i noticed Milton owned all you poor muthafuckas.
Leeroy69Jenkums 4 months ago
@Leeroy69Jenkums what?!? which movie were you watching??? all i saw was a coward getting called out on his degenerate bullshit ... and then i saw him squirm around like the miserable worm that he is.
paragshah2112 4 months ago
FUCKING HATE MILTON FRIEDMAN... and I read his book in 7th grade so I could be "smart" and it was boring as FUCK
HipHopLived 4 months ago
What people dont understand, on both sides, is what the real problem is. If you were to present this documentary to a right winger, like milton friedman, theyd react like milton friedman, and likely say, yes capitalism is the worst of all systems, except EVERY OTHER SYSTEM. However if you said well okay what should we do about the flaws? They say your a socialist evil liberalist. In reality, capitalism has helped life, greed superceded it. THATS THE PROBLEM.
Boomsmackme 5 months ago
If a mismatched football team kept scoring after the score reached 100-0, it would be called poor sportsmanship. If you're super wealthy, and keep accumulating more while keeping wages down... same thing.
RentAnEducation 5 months ago
Hehe this documentary is pretty goo-- 0:13
D: EL DIABLO!!!!
MarkArandjus 5 months ago
Milton Friedman is the father off all financial terrorism! Keep the revolution going!!
robactor 5 months ago in playlist The One Percent
5:00 he is cool i like him
joesoap292 5 months ago
There's an issue here but this kid isn't helping. What's up with his Michael Moore narration? That's not someone to model your work after. The family financial advisor almost had it right when he told the kid to "do more work first". Yeah like go study the subject seriously before you waste time making a film about it. You know who's able to spend their time making films on subjects they know nothing about? Spoiled rich kids.
lastmile77 5 months ago
best part of this film is milton friedman owning this kid's ass. Just because he graduated from NYU he thinks he knows the economy. He said he read some of Milton Friedman's books but he couldn't name them..just said he read it in high school as required reading. Who is he trying to prove himself to? He's a horrible film maker and should just stop. yeah. stop.
MFoxcat 5 months ago
700 billions and THE FED loan the banks 9 trillions and more and that just the usa
sha370z 6 months ago
@AlchemicGnosis What they are saying is that in order to run a successful business your core product/service has to be beneficial to people that use it or you will be run out by your competition. Therefore successful businesses prosper that prosper under Capitalism DO by definition help people and hence inherently possess some shred of morality.
BTW 'usury' does not mean what you think it does. Lending money at inflated interest rates is not intrinsic to Capitalism.
smeech8000 6 months ago
@smeech8000
(2) Lending money at ANY rate of interest is usury, it doesn't simply have to be at an 'inflated' rate to be deemed such. Of course you are free to provide the example of a particular country's capitalistic system that functions free of any presence of usury. I await with anticipation to learn of this 'interest free, Capitalistic utopia' I've never personally heard nor read of.
TheAccidentalMonk 6 months ago
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TheAccidentalMonk 6 months ago
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TheAccidentalMonk 6 months ago
@smeech8000
(1 cont'd) The Capitalistic eithic doesn't care about morals or human health. It'd be quite happy if every member of a society was physically and psychologically sick, if it meant money was to be made from such conditions - all it cares about is making a profit (ie, where is the capitalistic motive to make a drug cure for cancer before making a drug that just makes cancer managable? The latter promises permanent ongoing profits from each sufferer, the former just a 1-time profit).
TheAccidentalMonk 6 months ago
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@smeech8000
(1) A 'successful business' does not, BY DEFINITION, mean it has helped people. Selling Coca-Cola is a successful business, but does nothing to promote human health. The Military-Industrial Complex via fear-tactics promotes the killing of human-beings. Innumerous successful businesses thrive on appealing to the lowest common denominators/to human weaknesses, none of which may in any way be deemed 'helping' people (unless your definition of 'helping' is free of any moral compass).
TheAccidentalMonk 6 months ago
to be fair though, he doesn't seem to understand the subject at a deep level. he just looks at figures but he hasn't really studied the theories properly -'your readings are assigned readings.. they xerox it and pass it round' hahaha that does not make you look good when you're trying to argue with such powerful men (women) .
pamchirathivat 6 months ago
Never be fooled into thinking that the rich will allow their wealth to be voted away. Take it back.
danfromabove 7 months ago
The wealth doesn't have to trickled down to Americans. They can always hired workers from oversea, and there are foreign investors.
ltlwatcher 7 months ago
ScrewED the UNIION... the freaking UNION killed America... America will never be competitive as long as UNION still exists period!!!!
hotaggie98 7 months ago
@hotaggie98 Unions were decimated decades ago. Problems which still exist are structural. Blaming the other won't undo that fact.
danfromabove 7 months ago
i love how heirs never had to actually earn or work for their money. not a day in their life.
it makes me want to punch them in the face.
cherrybomb921 7 months ago
@cherrybomb921 That's not true. Some rich parents (The Buffets and the Trumps) make their kids work for their money. Warren Buffet's kids had to get summer jobs. Invanka Trump works 13/14 hour days for her money and pays her own mortgage. Sure, they're still rich (which is fine. I wish I were), but they understand hard work. Not all rich parents spoil their kids that way.
nadiyahak 6 months ago
milton, it's risen because of inflation. not because they are "making more money". also commodities and products have also risen in cost to recoup the losses of paying more money to the lower class. so the cost of living is pretty much exactly the same compared to salary. no one is actually making "more money' because the value of the dollar has dropped significantly from the 70s
cherrybomb921 7 months ago
Seek for wealth and you will find it. Seek for job security and a respectful job tile, and you will find that also. Seek to do nothing with your life, and you will have nothing. Whatever your choice, its your choice and you should not be bitter and recent those who reap the reward of their choices. Instead of complaining about the rich, learn from them. Wealth is a formula, not destiny.
acccccac 8 months ago
@acccccac there will always be people at the bottom of the food chain. always, not everyone is destined or able to become ultra rich. that just wouldn't be a possibility.
cherrybomb921 7 months ago
@acccccac Compound interest alone makes this simply untrue.
danfromabove 7 months ago
No one has considered that if weatlh is best represented by money.......and money is nothing more than a representation of a common fiat barter of the Earth's resources and human labor..
..and capitalism is based on growth through expanding markets using fractional reserve banking as an engine.........
One problem........the Earth and its resources is finite...........
I'm not a socialist but there has to be some level of managed captalism or we will rape the planet of its resources....
jacopman 8 months ago
Ok, im gonna stop watching this, there is no valuable information.
pphaY 8 months ago
"If you have a certain talent, in a free society, you should have the opportunity to discover what that talent is... and develop that talent. By developing your talent... you are not only helping yourself, you are helping others. "
-Steve Forbes making the best argument for socialism I have ever heard.
donfolstar 8 months ago in playlist The One Percent - (2006) Documentary
1:25- Since the 1970s the bottom 20% income has grown 6X faster than the top 20% income. This little trust fund loser is an idiot.
qwertypoiu4321 9 months ago
@qwertypoiu4321 You're the idiot. The ruling-class has driven this country to ruin. I'm 63 and have seen it happen, especially since Reagan. The teabagger/fundamentalists might be fooled but I'm not. A hard rain going to fall. And I know who the true enemy is. WORKERS OF THE WORLD, UNITE!
kauaiphil 8 months ago 16
@kauaiphil The coercive, political class 'supply-side' and 'demand-side' keynesians have been bankrupting the US State by coercively giving out more than is being produced and coercive inflation, especially since Nixon ended the mangled gold standard in 1971.
qwertypoiu4321 8 months ago
@kauaiphil Ruling class...Yawn....you liberals are absolutely brain dead
AroundSun 4 months ago
@AroundSun u conservatives have small dicks and are straight pussies...you pussy........
panathabro 4 months ago
@kauaiphil soon you boomers will be dead and you'll have zapped social security and medicare. In which you have to be on drugs to believe will last forever.
ajgolfer1 4 months ago
@ajgolfer1 victim of "news marketing " ..that is what you are sir.....ps i made that phrase up myself..copyrighted bitch
panathabro 4 months ago
@kauaiphil does that have anything to do with the Wobblies, cause if it does then they umm died out in like the 30's lol.
marklvrd 3 months ago
Friedman is a dipshit. Have you read any Alexander Berkman, Mr. Friedman? No you probably haven't. Idiot.
deathtotheism 9 months ago
Prepaid, but Not Prepared for Debit Card Fees By Andrew Martin,2009 NYTimes article. This is a great example of how the poor are stolen from using reverse robin hood ideology. Not only do we deny them of an education by now cutting back school spending more than ever before,but we outright steal what we can.
It's amazing and shocking that the people in this film see capitalism as a moral force,it isn't. Also,they consider the opposite of capitalism to be hand outs,instead of regulating industry
PtAltmVansanTarr 9 months ago
RALPH NADER IS THE MAN!
ThePunkPatriot 9 months ago
This is NOT capatalism; it's Corporatism mergering with govt=fascism. If you listen to Bob Chapman's youtube channel, he talks alot about this and how Wall Street owns and controls the govt and banking system through the private for profit federal reserve. Watch The American Dream Cartoon and The Creature From Jekyll Island for a better understanding.
delyparker777 9 months ago
Actually, there couldn't be a better moment. The financial state that we are in demonstrates how correct Friedman is. The sub-prime housing bust was a direct result of government liberals tampering with free markets to satisfy their left leaning political agendas. It's that simple! Requiring lenders to provide loans to unqualified? applicants in the name of social justice and equality has nothing to do with free markets. It is socialism. Too much apparently for the liberal brain to comprehend.
AroundSun 9 months ago
@AroundSun Wow a brain in the comments section. Thank you. People love to blame the banks for lending that money but it was also the financially illiterate and greedy low income familys that tried living beyond their means that signed the papers on that subprime loan. Most dont understand the rich are rich because they have discipline and buy assets that produce income and buy more with that income where the poor live in the moment and buy liabilities like TVs and Skidoos or Xbox all on credit.
Trox118 9 months ago
@AroundSun what kind of bullshit is this? The sub-prime housing bust had nothing to do with "government liberals tampering with free markets". It had everything to do with banks VOLUNTARILY taking on risk and ignoring the consequences in the name of assumed profits (i.e. greed), not "social justice and equality". Credit rating agencies added to the problem with mortgage fraud. Leave your thinly-veiled racism and erstwhile under-informed crap at the door.
DrClaw77 4 months ago
@DrClaw77 Voluntarily taking risk? You mean, subsidized risk? The federal reserve lowered interest rates to basically zero and pumped the banks full of cash, FREE MONEY. Wells Fargo and all of these other investment banks/insurance companies were given easy money to leverage up. Community Reinvestment Act, FMA FMC buying up toxic assets, promise of BAILOUT!! You are dumber than dumb, entities in a free market fail at their own expense, not everyone elses. Greed, LOL! Liberals are braindead
AroundSun 4 months ago
@AroundSun Predictable. Both commercial and residential real estate bubbles rose in unison, and more importantly, independent studies have shown many subprime lenders were NOT subject to the CRA. Repeal of Glass-Steagall, which allowed commercial banks and investment banks to once again become one, and thus "too big to fail", a CONSERVATIVE idea was also one of the leading contributors. All the CRA is a scapegoat for conservative/libertarians with racist agendas and no investigative skills.
DrClaw77 4 months ago
@DrClaw77 If you didn't have deposit insurance you wouldn't have to regulate the banks. Glass Steagall is not what collapsed the economy my friend, that is a liberal farce because economics is too complicated for them to understand, therefore, they need to blame it on the removal of a regulation so their simpleton brains can clammer and holler about more regulations. Privatizing profits, socializing losses, promise of bailout creates moral hazards. Too big to fail is BS and is an Obamaism..
AroundSun 4 months ago
@pmack169 I cant name single country where Laissez faire - there is no Utopia in modern world but i can name you bunch of countries where low taxes and low cost production worked, times where bureaucracy destroyed wealth and goverment intervention make people only poorer. You saying that Canada and other countries is good cuz of national healthcare etc. is like homeless saying he should buy swimming pool so he will be rich. Being rich is not result of spending.Spending is result of being rich
123Away098 10 months ago
@pmack169 When you talk about how freedom brings bad things like death and poverty you assume that people are not working in interest but that they are idiots and should be controled by upper body... like animals.
...And yes big corporations and small producents cant get profit without providing good to consumers.
Its easy to say that 50` were great when competition was destroyed in WW2. Why high taxes dont work now for US? What have changed?
123Away098 10 months ago
@pmack169 I think our disscusion should not be about goverment intervention but about values. You put security first , For me Freedom is first. In my world you could bulid with your friends your autonomy and rule how do you want. In your world i am tax-slave. Freedom has bigger value and its more effective
123Away098 10 months ago
@pmack169 Yeah he might be in bad way at this point in time because before he was paying to others who were in bad way.... If someone wants to help , thats fine but dont use FORCE to do it. Goverment cant spend money in good way - they didnt work for it , they dont know how hard is to get them , they didnt produce goods and services.
123Away098 10 months ago
@pmack169 I dont see only communism or laissez faire. Now we are in mixed economy. Question is which side is bad. Dont say goverment can help. It can take away from other people by force. In UE rich farmers are getting subsidies... and yes i am against that, that leads to corruption and bureaucracy. Deregulation?What about rating agencies and FED?That was all Goverment fault. Watch Peter Schiff he was saying this gonna crash back in 03`
123Away098 10 months ago
@pmack169 When you put freedom in first place of course some people will have more then others.Which situation is better: where one earns 1$ and his pal 2$ or when one earns 10$ and his friend 40$. You think the first is better .... I am from Poland , and if you are right we should go back to Socialism.
Also you can look at 08` crisis and bailout to see how goverment regulation and intervention ended
123Away098 10 months ago
@pmack169 Where you see middle and low class killing someone? Free market is not zero sum game.
123Away098 10 months ago
The rich would share their wealth only when they have to. That is, through employment. When there are mundane jobs, they will pay us to do the work. That's how the wealth trickle down. Otherwise, they will do everything they can do widen the gap...generally speaking. I know there's charity. But the fact is that the gap is widening.
ltlwatcher 10 months ago
This is the TRUE Illuminati, The corporate bigshots who influence the media and culture. Not some secret devil worshipping club, you have to have money to have power. & Im not mad at em, we live in AMERICA If you work and use ur brain and don't complain u got a shot...Im not saying everyone has the same opportunities and due to some unfortunate circumstances some people may realistically never make it but thats life, learn the rules to the game and then play as best as u could, fight 4 yours!
madgame1000 10 months ago 2
@madgame1000
I think there are SOME sinister shit going on illuminati wise, otherwise I'm with you completely and thank GOD somebody is levelheaded about it and not spouting about Satan, Aliens, Reptiles etc for a change.
baphochrist 10 months ago
"Used a brilliant mind to advance a moral vision" Wink!
bigggerpimp 10 months ago
yeah fuck you for your shitty description
surferluver 10 months ago
uh poor get poorer because? Rich get richer because??? Rich work for it and Poor??? Obviously dnt.
KoreanDancingFool 10 months ago
Just wondering - does the economist (Milton Friedman) take in to account the changing value of the dollar when he mentions a rise in average wages for the lower class? Because the dollar today is not worth the same amount as it was in the 70s.
MsbacktoNYC 10 months ago
I am lovin' the kinkos guy!
theAbeElement 11 months ago
Buffet is an ego nut case. When you factor in the cost of living coupled with the so called income increase of the lower class, nothing has truly changed. It's the Scientific Method at the fundamental level that creates wealth not capitalism. Capitalism only allows your product to fit a contrived monetary equation and then enter the market, and at the same time needs inefficiency to be price efficient....what a waste or resources.
JoeTube27 11 months ago
When corporations mess up, the taxpayer bails them out and foots the bill. We can't afford to help the poor, say the politicians, who then give trillions to Wall Street and the MIC without question. There's always money for Corporate Welfare and wars.
Look at how fast Bush gave the welfare handouts to Wall Street in 2008, and contrast that with his glacial reaction to Hurricane Katrina.
Relugus 11 months ago
Milton and Steve are scum. This economic disaster proves it.
The "free" market almost took us all down. The bottom 90% are are the verge of losing whatever menial belonging they have left.
MeritisDE 11 months ago 4
Milton Friedman is full of shit.
dojochuck 11 months ago
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FRIEDMAN was a DUMBASS
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Anyway the recent economic meltdown proved him WRONG!!!
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They have been giving away NOBLE PRIZES like free meal for too long!!
goyavesETmangues 11 months ago
PUBO'S LOL
seonfox 11 months ago
these are emperors that want people to serve them, and will continue to make slaves out of all of you as long as they can.
They don't care about over-population, because they live in private planes and resorts.
student135 1 year ago 32
Milton and cretins like him constantly pout about "don't take our money through taxes to redistribute to others."
First, when you say "redistribute," it means there is something wrong that you pointed to the action.
Second, the redistribution we are talking about must be initiated by the "market" itself. If I make $1 million, and my 20 employees $30k (hypothetically), who said I "deserve" that $1 million and others $30k? Why not $800k and $40k for them? That's what's being said here.
ninuxy 1 year ago
@ninuxy The goverment shouldnt be allowed to do things you can. I cant steal from one and give it to another ... but Goverment can... Redistribution = stealing. Why not 800k for you ? You can get whatever you and your employes agree , you were risking making the bussines and thats why you deserve any ammount
123Away098 1 year ago
@123Away098
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Well let's just STOP BUILDING roads, schools and hospital then!!!
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Since I cant do it on my own why would the government be able to do it??--------------- WHY DO WE NEED A GOVERNMENT IN THE 1st PLACE??? Lets just get rid of it!!!------------We should also get rid of those silly LAWS passed by the government !!! I dont have the power to passed laws either. Why should they??
Who are they to tell me what I can and cant do???
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goyavesETmangues 11 months ago
@goyavesETmangues yes government shouldnt bulid schools and hospitals. Free market can do it much better. Government should be referee not helper - thats why it should make rules and obey it. The rules are written in constitution. Prive property is one of them.
123Away098 11 months ago
@123Away098
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-----WHAT?????-----Schools and hospital of good quality affordable to ALL??Are u serious? U'd b happy to know that these past years have seen the rise of schools sponsoring by big business leading to educational standards dramatically falling according to the OECD in contrast with countries such as China n Finland where the state system is dominant.
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What happened to being a CITIZEN before a CONSUMER? I naively thought we lie in a SOCIETY together not a MARKET
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goyavesETmangues 11 months ago
@goyavesETmangues They would provide good quality. You know why? Because nobody wants bad schools , people will choose better ones - Competiton makes everything better. Price?some people drive Ferrari ,some drive toyota...
I dont want live in society where goverment takes my money and give it to lazy bum
If you think public hospitals and schools are good , why not food industry? Well i tell you something. We had big goverment here in Poland. You know how it ended
123Away098 11 months ago
@123Away098
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I am telling you that they are NOT providing good quality teaching and your counter argument is this??? I am talking about REALITY, not a fantasy!!!
"Because nobody wants bad schools" R U SERIOUS?? Big business just want PROFIT that is their duty to their shareholders they dont care about anything else!!!Such a system will block SOCIAL ASCENSION
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U talked about the failure of the system in POLAND but that didnt prevent CHINA, JAPAN and S. KOREA to succeed
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goyavesETmangues 11 months ago
@goyavesETmangues yup this is reality. Nobody wants a bad bread nor bad school. You know what is competition?Big business cant get profit without providing quality product. Of course it can be good in Japan or Korea. Soviets had best army , sportsmen but all that is on a cost of the others. That how socialist country work. Its like a small blanket on a person. You can make propaganda that it covers your foot and legs, but it will never cover your whole body.
Ps Look at Japan national debt.
123Away098 11 months ago
@123Away098
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"You can get whatever you and your employes agree"----------------YEP it makes so much sense!!!---------Given that employees and employers have EQUAL BARGAINING POWER and employers are not in a position of power or influence over their employees
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goyavesETmangues 11 months ago
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@ninuxy The goverment shouldnt be allowed to do things you can. I cant steal from one and give it to another ... but Goverment can... Redistribution = stealing. Why not 800k for you ? You can get whatever you and your employes agree , you were risking making the bussines and thats why you deserve any ammount
123Away098 1 year ago
This comment has received too many negative votes show
The guy who made this is a stupid fuck.
Milton Friedman is the man.
TorontoLibertarian 1 year ago
GET UNIONIZED!!! UNIONS TO THE TOP 1% RICHEST IS LIKE KRYPTONITE TO SUPERMAN!!!
RonWJr84 1 year ago 30
@RonWJr84
Yeah because unions arent corrupt. You fucking kidding me?
Justajawnie 9 months ago
@Justajawnie money corrupts everybody that's how billionaires stay on top they spend millions to find ways of making the rest fight with each other and not unite so they can stay where they at.. buy a few people here and there and no movement gets anywhere because of it
puertorricane 9 months ago
@RonWJr84 Yea, unions work so well. Unions turned the Motor City of Detroit into a ruin. Do your research and you'll see that the US Automakers Union ruined that city and the American auto industry single-handedly.
Skullwglasses 9 months ago
@RonWJr84 UNIONS SUCK
martin2132004 7 months ago
Milton Friedman completely pwned this hippie kid.
yogishkamath 1 year ago
@yogishkamath That "hippie" is one of the wealthiest people on the planet.
hemonkey01 1 year ago 2
@hemonkey01 So what ? Even Obama's terrorist buddy Bill Ayers is from a wealthy family...... It is not unusual for spoilt kids with rich daddies to become crusaders against the system.
yogishkamath 1 year ago
The engine that developed high technology is called "government".
WilhelmDrake 1 year ago 3