@bocanutz The government makes it easy for large corporations to increase their incomes by providing them with lax regulations. Meanwhile the vast majority of tax payers have to pay for the pollution, infrastructure damage, etc. that comes from these lax regulations. All the worlds people have paid dearly for the lack of financial regulation
Hi, I really like your videos on finance and economics. You present the material very well and make it easy for people to understand with real facts. (Meaning, no spin!) I found data saying that 1953 was the year with the lowest average unemployment rate (2.93%). I'd be interested in seeing a video that looks at the socio-economic climate of that year. So that's my suggestion for your next project, hehe! Thanks again and keep up the good work here! :)
@famousjennies I do my best to get reliable information. Tons of data can be found at the bureau of labor statistics. No left wing reporter would say the bottom 50% pay 3% in fed income tax. No right wing reporter would say the top .1% pay 11%. I think the main problem is that politicians work for those who fund their campaigns. That means if you're not rich or in a union you don't matter. If the top 5% are rich and another 11% are in unions that leaves 84% with nothing
@famousjennies -- The best way to have rich lower/middle class is to have lots of businesses. Redistribution of wealth currently planned is GLOBAL not just the US. Global income is $2 per day -- global government = global poverty. This video about World poor/immigration demonstrates the point with gumballs. Easy to understand. I'm voting Ron Paul as his financial plan doesn't cut government assistance checks, as he balances the budget.
sobering statistics, your effort and research is very commendable and I appreciate the lesson on a topic I mostly ignored because I was pretty sure I wouldnt like the results. All people can really do is what you are currently doing, which is educating the masses. Thanks for all the work and good luck in the future.
@bishopTh3android What is really scary is that most of this information was based on 2008 data. I choose it because it is highly reliable. When the new federal reserve board survey of consumer finances comes out in 2012 we'll really see the damage that has been done. The shame is that if just eliminated corporate and PAC contributions and modeled ourselves after the best of the German model we would get amazing results. That's why we must force both parties to do the right thing
so the wealthiest people, who are most likely the most educated (because they made so much money) are smart enough to move their money to pay the least amount of taxes?
not to mention the fact that the law makers are also wealthy, and benefit from these tax exploits, as well as (probably) receive nudges from the wealthiest people to allow these laws to pass.
the most powerful make the rules, and are thus able to control the most. yep.
@elipb123 I don't think they are necessarily that intelligent. Most of the billionaires either inherited, swindled others, or were just lucky. The average net worth of members of congress is over a million. The average family in the US has a net worth of $87,000. I'm sure there is a major disconnect there
I would love to hear yout opinion on moving out of monetary system all together? Most of jobs could be easily axed using machines instead (automated restaurants are great example). What do you think about resource based economy advocated by activists like the zeitgeist movement?
@ratunkupolicja I'm amazed that more things aren't automated. Why has our education system not changed to focus on problem solving and creativity? I don't think machines can solve all problems though. I work as part of an organization that turns around corporations. Do you know what works most everytime? Personality testing of all employees. It eliminates the problems and allows everyone to maximize their strengths. That's using science to fix problems. I'd love to test the government!
@Rockforce80 I missed your point. The only people that would believe they gain power through destroying everyone else would be a psychopath. You guys are bringing up great points I have never thought about. I don't believe there is a vast conspiracy. Maybe I'm wrong? It just seems hard to grasp
@Rockforce80 I think one of the requirements of running for political office should be the passing of a psychopath test. In California if a violent criminal can't pass this test they are imprisoned for life. The FBI also has self esteem tests that would show if a person would be a honorable leader. If 5% of men are psychopaths I have little doubt that most government officials are. Why would we ever want a leader that lacks the ability to empathize with others?
@derekbanas Thanks for reply! I hope you have watched zeitgeist "moving forward", as that's where they give great explanation why more things aren't automated - technological unemployment. Apparently about 80% American find employment in service industry, if automated systems take over these jobs (and they easily could now) people will have no jobs - no money. This is going to happen anyway, that's why I like idea of communities working together, rather than competing against each other...
@ratunkupolicja I watched the first 3 parts. I wish it was more detailed. I have the stats on service industry jobs in 1950: 28% vs 2008: 44%. Manufacturing 1950: 38% vs. 2008: 18%. I agree a vast majority of these jobs could be replaced by machines except for those that deal with the elderly. Dramatic changes should have occurred in society as a whole. One problem is that psychologically people resist change after age 50. There are very few sub 50 year olds in government :)
@ratunkupolicja I've watched Zeitgeist. Might this be true? Yes. I believe most in power are simply doing the opposite of what didn't work in the past. I hope that people act in the best interest of all, but that may be idiotic based off of all the statistics I have seen. There is just no logic in destroying everything. Money only has worth if the people believe it has worth. So what do the elite gain by taking massive amounts of paper that nobody believes in? Interesting either way
You say "allocated" as if some guy at the top hands out dollars unevenly to whomever he wants.
bocanutz 1 month ago
@bocanutz The government makes it easy for large corporations to increase their incomes by providing them with lax regulations. Meanwhile the vast majority of tax payers have to pay for the pollution, infrastructure damage, etc. that comes from these lax regulations. All the worlds people have paid dearly for the lack of financial regulation
derekbanas 1 month ago
Hi, I really like your videos on finance and economics. You present the material very well and make it easy for people to understand with real facts. (Meaning, no spin!) I found data saying that 1953 was the year with the lowest average unemployment rate (2.93%). I'd be interested in seeing a video that looks at the socio-economic climate of that year. So that's my suggestion for your next project, hehe! Thanks again and keep up the good work here! :)
famousjennies 3 months ago
@famousjennies I do my best to get reliable information. Tons of data can be found at the bureau of labor statistics. No left wing reporter would say the bottom 50% pay 3% in fed income tax. No right wing reporter would say the top .1% pay 11%. I think the main problem is that politicians work for those who fund their campaigns. That means if you're not rich or in a union you don't matter. If the top 5% are rich and another 11% are in unions that leaves 84% with nothing
derekbanas 3 months ago
This has been flagged as spam show
@famousjennies -- The best way to have rich lower/middle class is to have lots of businesses. Redistribution of wealth currently planned is GLOBAL not just the US. Global income is $2 per day -- global government = global poverty. This video about World poor/immigration demonstrates the point with gumballs. Easy to understand. I'm voting Ron Paul as his financial plan doesn't cut government assistance checks, as he balances the budget.
/watch?v=LPjzfGChGlE
vechorik 2 months ago
sobering statistics, your effort and research is very commendable and I appreciate the lesson on a topic I mostly ignored because I was pretty sure I wouldnt like the results. All people can really do is what you are currently doing, which is educating the masses. Thanks for all the work and good luck in the future.
bishopTh3android 6 months ago
@bishopTh3android What is really scary is that most of this information was based on 2008 data. I choose it because it is highly reliable. When the new federal reserve board survey of consumer finances comes out in 2012 we'll really see the damage that has been done. The shame is that if just eliminated corporate and PAC contributions and modeled ourselves after the best of the German model we would get amazing results. That's why we must force both parties to do the right thing
derekbanas 6 months ago 2
so the wealthiest people, who are most likely the most educated (because they made so much money) are smart enough to move their money to pay the least amount of taxes?
not to mention the fact that the law makers are also wealthy, and benefit from these tax exploits, as well as (probably) receive nudges from the wealthiest people to allow these laws to pass.
the most powerful make the rules, and are thus able to control the most. yep.
elipb123 7 months ago
@elipb123 I don't think they are necessarily that intelligent. Most of the billionaires either inherited, swindled others, or were just lucky. The average net worth of members of congress is over a million. The average family in the US has a net worth of $87,000. I'm sure there is a major disconnect there
derekbanas 7 months ago
I would love to hear yout opinion on moving out of monetary system all together? Most of jobs could be easily axed using machines instead (automated restaurants are great example). What do you think about resource based economy advocated by activists like the zeitgeist movement?
ratunkupolicja 7 months ago
@ratunkupolicja I'm amazed that more things aren't automated. Why has our education system not changed to focus on problem solving and creativity? I don't think machines can solve all problems though. I work as part of an organization that turns around corporations. Do you know what works most everytime? Personality testing of all employees. It eliminates the problems and allows everyone to maximize their strengths. That's using science to fix problems. I'd love to test the government!
derekbanas 7 months ago
@derekbanas
Is corruption a possible strength?
Rockforce80 7 months ago
@Rockforce80 I missed your point. The only people that would believe they gain power through destroying everyone else would be a psychopath. You guys are bringing up great points I have never thought about. I don't believe there is a vast conspiracy. Maybe I'm wrong? It just seems hard to grasp
derekbanas 7 months ago
@derekbanas In a personality test of the government, I wonder if many peoples willingness to be "bought out", would present itself.
Rockforce80 7 months ago
@Rockforce80 I think one of the requirements of running for political office should be the passing of a psychopath test. In California if a violent criminal can't pass this test they are imprisoned for life. The FBI also has self esteem tests that would show if a person would be a honorable leader. If 5% of men are psychopaths I have little doubt that most government officials are. Why would we ever want a leader that lacks the ability to empathize with others?
derekbanas 7 months ago
@derekbanas
I agree with you on all points there. Wish I had more to say.
Cheers
Rockforce80 7 months ago
@Rockforce80 It took over 30 years and 6 presidents to create this mess. It will take a long time to fix
derekbanas 7 months ago
@derekbanas Thanks for reply! I hope you have watched zeitgeist "moving forward", as that's where they give great explanation why more things aren't automated - technological unemployment. Apparently about 80% American find employment in service industry, if automated systems take over these jobs (and they easily could now) people will have no jobs - no money. This is going to happen anyway, that's why I like idea of communities working together, rather than competing against each other...
ratunkupolicja 7 months ago
@ratunkupolicja I watched the first 3 parts. I wish it was more detailed. I have the stats on service industry jobs in 1950: 28% vs 2008: 44%. Manufacturing 1950: 38% vs. 2008: 18%. I agree a vast majority of these jobs could be replaced by machines except for those that deal with the elderly. Dramatic changes should have occurred in society as a whole. One problem is that psychologically people resist change after age 50. There are very few sub 50 year olds in government :)
derekbanas 7 months ago
@ratunkupolicja I've watched Zeitgeist. Might this be true? Yes. I believe most in power are simply doing the opposite of what didn't work in the past. I hope that people act in the best interest of all, but that may be idiotic based off of all the statistics I have seen. There is just no logic in destroying everything. Money only has worth if the people believe it has worth. So what do the elite gain by taking massive amounts of paper that nobody believes in? Interesting either way
derekbanas 7 months ago