Dave Ramsey Rant - Wealth inequality is FAIR
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- Опубликовано: 18 окт 2024
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You make too much sense for the common man Dave. God Bless you.
Sources?
So what is your solution? That the government seize everyone's wealth and redistribute it equally in a monthly check?
ok
PATTY D You are talking about the unfairness of how much people pay in taxes. Dave is referring to people making more than others due to merits or hard work. A flat tax is fine but that argument is different than stating everyone should be paid the same no matter their monetary value to society
The problem is in regulating what you are proposing. People with a lot of money can afford to hire lawyers to find loop holes no matter how strict the rules are. This to me is a benefit of being super rich regardless if a flat tax was instituted. I agree that this is how it should be but probably impossible to implement. The notion that a manager shouldn't make more than his subordinates is a pretty ridiculous statement. Yes in theory there a probably a few people under him just as qualified to manage the company but the fact remains that they aren't stepping up to the challenge. If they were they might be making just as much. A lot of people are hard working. A roofer probably works much harder physically than Bill Gates. The only problem is that Bill Gates created something that more people are willing to buy and very few people are able to produce. It may not be fair to you that he was born with such intellect, but I thats just how it is.
“We’re teaching a whole generation to wait on the government to fix their life. It’s gotta stop”
-Dave Ramsey
Ok boomer
Its because the government doesn't use money on its own people enough and decides to intervene in other countries issues without solving ours. Entitlements are necessary for a country to survive and this whole "everyone gets a trophy" thing is horseshit because if you did that with money, those who went home and didn't get a trophy would not survive and they would either end up in jail or overdosing trying to escape the rat race of capitalism.
Dave grew up in a time where the government was way more helpful. He’s a huge misinformed boomer when it comes to this topic
kefkapalazzo1 I have news for you. The Government is much more helpful today vs 20, 30 years ago. Dave Ramsey is very knowledgeable on this subject. You are saying that Dave isn’t knowledgeable because he doesn’t agree with you.
Jeffrey Bonderman no I’m saying he isn’t knowledgeable because he’s wrong. Social programs and unions were much stronger in the mid 20th century. The middle class was much stronger
This is as relevant as it gets now in this political environment. Why are people afraid to say these things today?
NurturingTalents ok lol no
Because it requires people to acknowledge their own shortcomings and bad decisions. It's just easier to blame others...
Cancel culture.
@@nicksmith8166 Exactly.
Because it's ridiculous? Virtually everyone has figured out by now that effort does not equal wealth. Actually, hard-working people are often poor. If someone will pronounce this kind of speech during a political campaign it will cost him.
A failed society is one that does not reach back to pull up the weak, frail and poor.
We do, it is called getting a job.
@@jdubo1998 some jobs don’t pay a livable wage, means you are poor/beneath the poverty line. Sooo now what?
I am learning so much from this.. I am in recovery from this type of thinking and now I appreciate the value of hard work and not whining.
Thank you for discerning between the terms, "equal" and "fair".
This is literally the best RUclips video I have seen in a long time. You are so right in everything you say.
I love ramsey but he is not. He greatly over embellishes his early success and how independent he was in that.
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I wish you could stop with the blasphemy. You say your a man of God but your blaspheming on live radio.
How so?
+Adonte Patrick watch the video
Life isn't fair the quicker you accept that fact the better.
Please tell me what will make your life fair?
Tasheem Hargrove Please see the question above.
Tasheem Hargrove
I don’t think we disagree all that much on this…..I think we are just coming from different angles ha.
Yes Cancer can be cured but not always at this time but you missed my point it seems.
When I say life isn’t fair I wasn’t saying that everything in life was fair, but sometimes things are just not fair
And you can’t get that caught up in other peoples situations because of bad choices they made.
For example a person that quit high school at age 16 that has a few kids never went to college and works a min wage job then complains how he should be paid 50k+ a year and it isn’t fair he just gets paid min wage …..come on now you even agree with me that isn’t because life isn’t fair that he makes min wage but because of bad choices he made in life and sometimes the environment he grew up in.
I agree I was against the bank bailouts that was BS, and some of those failures are still running banks today.
While I think the pay of some of these sports stars is insane I can't gripe against it to much because somebody was born with 7' height and has skill at throwing the ball with accuracy 50 yards. They get paid those big contracts because sports is big business and people will buy the clothes that sports star has, will pay the expensive tickets to watch the sport star live or they pay indirectly thru the monthly cable bill. I think we have to much emphasis on sports and entertainment in this society and not enough emphasis on politics and health and science.
Sorry to be quick to judge you sounds like you have a better grasp of things than I first thought from your earlier comments.
Take care.
Mark
+Mark G No problem, my friend. I'm not a Socialist but I think we can learn a few good things from it, just like we can learn a few good things from Capitalism.
But good talking to you. I appreciate your perspective on the issues.
+Mark G I'd say it is fair. We're all human beings living on the same planet with the same rules.
I'm from the UK, I really admire the US for their free-market and generally free society. There is a reason your country is the richest nation in the history of the world.
My country on the other hand is slowly being destroyed by socialism and socialist ideas, we have people with entitlement complexes. We basically have the worst of both worlds, we have the crazy feminists and cultural marxists beating down free values, we have insane taxes (40% when you earn above $70k) and we don't have a truly free market.
You guys need to learn a lesson from us, don't make the mistakes we did! we have a generation who feel entitled to free stuff, who hate on the successful. The government is slowly trying to take away the benefits (because it has too because it's unsustainable) you wouldn't believe the backlash, the vitriol directed at them for doing so. I started a company at 22, you wouldn't believe the hatred I have got from my peers, people calling me greedy, accusing me of not caring about the poor when I try to explain free market values.
I have become a pariah, I may have to flee to the states, and bring my company (which now has a pretty high value) along with me!
thank you. thank you for your comment.
US is unfortunately turning socialist. trust me. people vote in more government. I think that goes for most western nations. generally
Well you guys have got to fight it because if you don't then you're going to lose everything your ancestors fought and died for and leave nothing but serfdom and misery for your children..
Joseph McCarthy shined a light on the cockroach communists back in the 50's and the liberal media crucified him. Now we have commies teaching in MANY Universities and I won't even get started on "un-holywood" . It's a scary time in The USA right now. Congrats on the Brexit .
+Callan A. Carr Cool! What's the name of your company?
Very motivating! Motivated me to get back to studying for my final tonight. You're the man Dave.
I really like this. So true - equality is unfair. You study hard you deserve that A. You don't study hard, you deserve that C! Same with money and business.
This is a lie. Most rich people did not get rich by working hard. They leveraged other people’s hard work to get rich. Working hard will keep you poor. Working smart can make you rich but it’s not guaranteed.
@@klppdc It’s not hard work - it’s working smarter, which sometimes requires hard work. It’s not leveraging other people’s money. That’s just a lie people tell themselves as a rationalization.
@@klppdc absolutely, what's wrong with that? Very little amount of people can leverage other people to make wealth for themselves. That is admirable and absolutely needed, because these are the people that create wealth in this world that we all benefit from by working and getting paid by these people. If you take money from them through taxes and give it to the ordinary people (for free) - that means you are destroying wealth, you should never do that.
Wrong.
My great grandfather bought my parent and all of her siblings (5) a brand new car so they could get to work for the next 10 years, and $4,000 towards college or life, then he cut them off until he died. This was on the condition that they made it through high school. Every single one did. That might not seem like much but it was a LOT of money back then, and he told me stories about when he was a kid they would use barbed wire to catch squirrels out of holes in trees to eat, because they couldn't afford bullets, or food. To eat. And he bought six new cars and gave $4000 six times to his grandchildren. I never once saw him drive a new car or any evidence that he had $4000. When he died he left his only living daughter $5,000,000 worth of land. He did this by farming and was still cleaning fencerows at age 85. He is my inspiration. Not the damned government wanting them to give me a handout. Just no.
I don’t think most people are saying everyone should be paid equally. I think one of the biggest complaints is the huge disparity between the working poor and the small minority of people at the top.
This is what im talking about right here!!! It makes me sad to hear how people complain about their jobs, how they should be making more money at their jobs. If you want to make more money be more valuable!!!
+Richard Enriquez: Roger that. Success doesn't just happen and neither does failure. True champions shape their environments....not the other way around.
Just run to the unions , the lazy do that
My Dad was a business owner he taught me , workhard , never complain , do the best you can . Work more when there's work available
very good point
Never had a job where the more valuable u are the more u got paid, if you become more valuable u leave and go work for some one else or your self buts it’s hard to compete with China and big companies. So in most cases you are forced to take the low pay. I’m sick of hearing about Cinderella story and bashing low paid workers as if laziness is the only thing that makes get low wage jobs
So true, less complaining, more doing.
Life isn’t fair for anyone. That’s what makes it fair.
Thats why i like to say life is fair.
“You can understand everything
By the things you don’t understand.”
GK Chesterton
Fair is what comes to the edge of a midwestern town in summer.....
"Opportunity is right there in front of you. It's dressed like work clothes though". So true. You gotta put that work in.
This is by far my favorite video on the internet. Hands down my favorite.
"Smoke on it for a second. Equal is unfair." Oh man I needed that laugh. So good.
This is just *_fantastic_* ...
This just needs preached from the rooftops ...
Personally there are two different types of wealth inequality. Some people think it's tied to wage on the middle of the spectrum. Like paying a burger flipper $15 an hour and then paying a manager of Walmart the same. No one is arguing for true wealth equality, where everyone would be paid the same or have the same amount of money. No one would have any incentive to be an attorney or a doctor if they can flip a burger for the same amount of money. That in insanity. However in any economic system, you have to have a certain amount of equilibrium tied to a minimum and maximum or things get out of control. The problem we face today is that people at the top of the system have been stripping the lower classes of wealth. They sent hundreds of thousands of well paying jobs overseas and then gave themselves (CEO's) and the board of directors massive bonuses and salary increases. You can look at any chart and plainly see the amount of money that keeps getting funneled to the top. When you have a high amount of wealth at the top, the economy stagnates because they do not spend this wealth. They hoard it. The last time there was such a seperation between bottom and top earners was right before the great depression occurred. The people at the top have also found little ways of stripping people of wealth through laws, policies and other rules. As a result the vast majority of Americans are poorer than they ever have been, largely through no fault of their own. People have very little extra income and as a result that stagnates the economy as well. Nearly 78% of Americans live paycheck to paycheck. We have gone from a nation where someone like my father who graduated high school in 1969, never went to college, got a good paying job, had his own house and car at 25, PAID FOR, and raised two kids without any government handouts..retired at 50 with enough money to buy a house with CASH..after getting divorced TWICE..to people working 2-3 jobs just to pay rent, and unable to survive without government handouts. Call it whatever you want, but this economy rigged by the upper echelon of earners is NOT FAIR. My mother was divorced in 1989, worked a job as bank teller for just a tad over minimum wage, and was raising two kids, without any government handouts. That would be impossible today. You can only say something is not fair if someone did something to deserve it. How is it fair millions now work for peanuts? Walmart is the largest non-government employer in the US. There are people now graduating college with over $75,000 in student loan debt because they thought it would give them a better job. You can find many of these people at McDonald's, Target and other low wage employers just working to pay off their student loan. 44% of college graduates aren't even in a job they paid all that money to get. How is that fair? You can't let the top income earners destroy this once great and prosperous nation, kill the American dream, and call it fair. Dave Ramsey is a Christian worth over 55 million, and although I'm not a believer, Jesus said it's easier for a camel to pass through an eye of a needle than a rich man to enter the kingdom of heaven. Practice what you preach...
Bingo.
You're not necessarily wrong in your assessment, but in your conclusion. The issue is government. Period.
Also that Bible verse you quoted is out of context. It isn't some socialist drumming that being rich is immoral. Jesus isn't condemning rich people, he's saying that it's hard for them to give up money because they're too attached. You can be wealthy and also detached from it and be willing to give it all up to follow him (which is what the rich man couldn't do) but it doesn't mean being wealthy is inherently evil in of itself.
So when I go to buy my first home for $150k and am confronted with a guy in a Rolls Royce who wants to buy the home to rent it out I’m supposed to be happy?
His car is worth more than my home and he has the funds to always outbid me. And if by some miracle I outbid him then I have VASTLY overpaid.
I totally agree with you on this subject, Dave. If everybody got an A in class, why would any body want to put extra effort in.
Not everybody should get an A genius but some people shouldn't start with an automatic B+ while others get an F no matter how hard they work.
@@sk8n854 Nobody said life was fair. You sound like a whiner to me, Genius. You must be from the Entitlement Class.
@@russrockino-rr0864 you sound exceptionally dumb.
@@sk8n854perfect analogy. Biggest privilege is generaltional privilege. The Boomers basically had an empty monopoly board. We have to play a game where all the properties are bought up
Success is having a family that passes on an inheritance, so kids can steward it and actually experience real success which is helping people out of the good will of their hearts as believers.
They need to show this at every high school
Thanks to Obama I was forced to take economics. My teacher showed Dave's videos and I am so grateful.
Dave Ramsey isn't spreading intelligence, he's spreading wisdom.
Think on this for a second. Humor it if you will. If everyone got paid the same no matter what it is they do, you know "true income equality" how many of you would flip burgers and how many of you would be doctors? You get paid the same just one requires more schooling... that you have to pay for...Think on that.
Here try this, someone who manages a whole company and has to make it successful or answering telephones for a telemarketer and you are getting paid the same? A person in the middle of nowhere drilling for natural resources or a babysitter?
Job are not equal so the pay should not be equal. Strive for the better paying job and leave the entry level positions to those who they are intended for, people who have never worked before.
I agree ☝️. What would happen is that the government would step in and tell people what their job is. It’s horrible. Freedom in everything is always better.
Your framing of the question is idiotic. No one is saying that the burger flipper should make the same as a doctor. The problem is the billionaire running a vulture capital fund. Taking businesses and stripping off there assets to milk every last drop of profit before filing for bankruptcy protection.
@@JonathanRootD Why do we care what billionaires do with their money? It's theirs, not yours.
I think the fact that multi billionaires exist is a reason to question our social model. Why are financial and legal institutions in place that even enable an individual or a corporation to amass unimaginable amounts of wealth that they can never spend all of it in their lifetime or for their next many generations?..all this at the expense of others, some of whom can't even afford the basic necessities of life. We have limits to everything in society, except how much of the total money in the world a person can amass!
It is silly to say take up high paying jobs, how will that scale? As a society we need people in all jobs to make the economy work. If being a surgeon pays more, it is unrealistic and unreasonable to expect everyone to be a surgeon. You still need the janitor in the hospital when the surgeon is operating on the patient.
The real question then is - why does a surgeon (or any other high paying job) earn 500k, while a janitor earns 50k?!….. Even if we consider the difference in effort, the gap shouldn't be that wide. Why does the 500k earning individual get preferential rates in banks and lower interest rates for debt while the lower income one gets the bad end of it? Rich is set up to become richer while poor becomes poorer. That is the real debate of income inequality.
@@SantoshNair1 why do you assume it's at the expense of others?
Have you every used Amazon? Windows? And Apple product? How did any of those things come St your expense? On the contrary, they have dramaticslly improved our quality of life, not decrease it. There is nothing immoral about billionares existing. That's just an AOC talking point.
Wealth inequality is inherited wealth. Parents paying for college, phone bills.
Dave “Smoke on it for a second” Ramsey
Keats King lol
Dave “Equal is unfair” Ramsey 😂
i was looking for this comment lol!!!
Its equality of OPPORTUNITY, not the equality of OUTCOME.
The game IS fixed, Dave! Look at the latest wealth distribution chart, come back and explained to us, please. Even you'd be shocked at where you even fall compared to the top percenters.
Great rant, though I don’t think anyone is arguing for everyone having the exact same level of wealth. It’s the extent to which it is unequal that would be the issue. This is the same argument as saying there’s no problem with the climate changing because the climate has always changed. It’s the speed with which it’s changing, not the fact that it is.
I agree a lot with your clever words Dave. You say it very well. But there is wealth inequality. 82% of the world wealth is owned by just 1% of the population. That’s wealth inequality. By 2050, 1 in 3 people in the world will live in a slum. That is wealth inequality. The richest 26 people in the world has the same wealth as 3.8 billion of the worlds poorest. That is wealth inequality. In America 46.2 million people are now considered impoverished and live below the poverty line. That is wealth inequality. And the gap is widening. What bothers me is not the difference in wealth but the fact that so many people are suffering and unable to afford basic human needs. I do feel it is tearing society apart. What can be done about it I unfortunately have no idea. But I reckon something’s gotta give.
Dave Ramsey has the best financial advice!
Drove through a poorer neighborhood and saw a line of people outside of a store IN THE RAIN ! I said is that store hiring and the person with me said "No, the new Jordans came out today"🤔.
@@MeatCatCheesyBlaster Wish I was ! I grew up in that neighborhood, but my parents couldn't and wouldn't buy me Jordans so I was clueless.
It’s truth. I see people on my Facebook feed who are complaining they’re broke, bitching about Capitalism, but are wearing $500 outfits and waiting outside the Apple store buying a new phone every year so they can Instagram their glorious vacations 2X yearly and pumping out how terrible America is and Bernie will fix it all.
And they likely lay down the credit card to buy it .
AOC, Elizabeth Warren and Bernie Sanders supporters need to listen to this.
They're too stupid to
@@gungaginga9587 yikes. That was mean.
Neither of them would understand any of this.
They know it. They just don't care
I wish Dave should not have refused Bernie's request as a guest.
Mr. Ramsey dropping truth bombs!!!
It's fine guys, the CEO who shows up once a quarter for the board meeting just worked 1000 times harder than the janitor who spends 60 hours a week cleaning floors...
Dave means well but he is somewhat out of touch with what is really going on in this country. We are not talking about golf or musicians we are talking living wage jobs, people are working their arses off and still cannot afford a home. car, daycare, healthcare. I think Dave needs to look for a job so he can see what is really going on out here.
*"When people are griping about wealth and inequality I want 'em to see your face."*
- Dave Ramsey
Just started financial peace university. So excited! One day hope to me you dave and do my debt free scream!
TDT Ministries been 5 years since you posted this. Any update??
How is it going???
Mike Jackson I sincerely hope he suceeds..
I was halfway serious until Dave mentioned the "disco clothes".....Then I lost ALL control!! LOL!!
What about the people that don’t have equal opportunity to work hard because of their surroundings and influences around them?
Then you advocate for socialism because else capitalism ensures you starve.
Instead of teaching young people to demand an end to wealth inequality, teach them to be wise with money.
The problem isn't that some want equal pay across the board, it's that the gap between the truly excellent and the abject failure has become so divided that it's no longer based on effort.
THANK YOU!
I may be on the left but I love it when people can build wealth thanks to hard work, talent and discipline. It's the UNEARNED wealth that I have a problem with. If you're a CEO who consistently makes bad decisions that ruin lives, you should quite frankly move to a cardboard penthouse under a bridge, not get a golden parachute because you're in the privileged elite.
The more government intervenes the more difficult it is to get ahead. Corporations aren’t the problem the government is.
Corporations are the problem, because they are the government. That's what you get with a system like this when politicians bought.
M J it only gets that way when government has power limit government power> limit fraud.
@@mj625 guess what, you're wrong.
@@gsp49 thank you for being so insightful. Your comment has made me reconsider life itself.
@@mj625 Maybe you should try a different approach if what you are doing isn't working, instead of settling for being a loser and victim of life? My reality matches Greg's but then we must be such spectacular human beings and blessed. All Glory to God! There is a recipe for everything in life, thanking God for the Bible with instructions.
Wealth distribution, France 1790 VS Wealth distribution, USA 2021
I worked fast food. I made 7.25 an hour. I didn't like my wage, so I quit and worked at FedEx for 9.50 an hour. I'm still not satisfied with my wage so I'm going to college to earn a higher salary. I don't feel I deserved more than what I made in fast food. I don't feel I deserve more than I'm making now at FedEx (11.25). It took one week to train me. I've been going to college for 4 years now. I hope my effort will be rewarded with a higher wage. I don't think fast food workers *deserve* any more than their company is willing to pay them.
I doubt you'll be able to make much more than ten or twelve bucks an hour the way things are today .
Notanother Stacker Sorry but Im from Idaho . Ten an hour is a very high wage here Lol
I actually landed an internship last week that pays 15 an hour. There are opportunities, but usually it requires training and/or education. Good luck to you Remo.
+Adam Thorne Good attitude Adam.
wow....$15 an hour....guess what....your still at the poverty line.
Thanks Dave, I love how you unravel the rhetoric about wealth inequality, and capitalism. I'm a millennial and was from the Bleeding Heart Liberal West Coast of Canada, and now moved to the very Right leaning province of Alberta. I'm glad to see the light and learn that you have to work hard to make it, everyone doesn't get a trophy. It not the world's fault you can't get ahead.
Straw manning
I love to be an underdog anyways, been in rock bottom, didnt like it. Few years and baby step 3 later, I’m still fighting. Dave just sharpened the point I needed to stay on target.
All i want is todays capitalism to equal to 1950s - 60s capitalism.
Wealth inequality in itself isn't bad. However the fact that wealth inequality today is higher than at any point since the 1920s is a troubling sign for America. Couple that with the fact that all new wealth gains have gone to the top 1% and of that 80% to the top .01% you can see that we are working our hardest to turn the great middle class of America into the dystopian sci-fi future we feared.
This changed my perspective.
As long as I have food on my table, my kids have clothes, and a home, I don’t need to be at the top 1% of the wealth triangle. I’m happy with what the Lord has given me, and I like watching Dave to learn how to manage what God has provided. Not here to get rich.
You’re doing a great job of showing up the people who actually want wealth equality, I’m sure all 8 of them are super embarrassed.
Nobody wants wealth equality. We just disagree with the philosophy that what makes money justifies having money, and that people deserve to have many times more money than they need to live a happy life while others starve.
Is an oil executive a better person than a home aid or farm laborer? They certainly aren’t harder working. The point is that the jobs that are vitally necessary to society’s ability to function and be humane to its members are not valued by the economy, so we have to balance the scales by taking money from the people who have more of it than they need. Ramsey and other conservatives keep harping on this participation trophy garbage because it’s an easy target but how about they explain why kids don’t deserve to go to good schools because their parents work in the coal mines and not the stock market? How about you explain to me why a rich person should be able to exercise more influence over an election than normal people?
Tax the rich, they can afford it.
Interesting insight. Financial education shpuld be taught in highschool. I always knew but unfortunetly didnt practice the concept of thrift and saving. I am doing it now though. Save yiur pennies and the dollars will take care of themselves. Otherwise...dwell upon income inequality and live off welfare!
Nope. Instead we should be taught to take the second derivative of a graph.
But no seriously I think some people are starting to realize that because in my school, personal economics curriculum is required. We're watching Dave Ramsey in AP Government :)
No one wants wealth equality. People generally understand that doctors should earn more than cashiers. The problem is that inequality is at a level where people have to live in their car because their job doesn't pay enough. Everyone should be able to afford basic necessities like a home and food. The U.S. has enough money for that, yet it is seemingly more important to cut taxes for the rich.
Is it really necessary to live in a 100,000 sqft mansion while there are still homeless people? Wouldn't 10000 sqft be enough? Couldn't rich people pay a little more taxes on their income/wealth? They are giving the money to charities anyway because they don't know what to do with it. They can never spend it in their entire life.
I have been a fan of yours for years Dave and I think that most of what you teach is great. But here is an example of how corporate advantage can crush people. I was following your plan, almost out of debt, and watching my net worth grow. I had a little fall at work and broke my shoulder. I was not eligible for help after workers comp cut me off because of the money I had saved in my retirement funds. I burned through my emergency fund in a few months. I was unable to work due to my injury and was in a lot of pain living in my car and trying not to destroy the last of my retirement savings. I can't do my old job and now I am going back to school to try to get into a job that I can physically do. I was not lazy. I don't want what someone else has earned. The only grudging assistance I have gotten from workers comp is because they are taking the cheapest path for them. The laws are set up to protect the assets of the people who have huge assets and to destroy the net worth of people like me. People like me work hard and make our employers money to literally be left out in the cold when something goes a little wrong. And I am the one who is treated like a criminal for being hurt. Do you really think that huge corporations with lots of power run by psychopaths are worth protecting?
That's a sad story but I don't think that has anything to do with what Dave is talking about. What do you want? Free money forever for not working?
BassPlayer60134 Did you not read what I said or did you just not understand it? What I said responds exactly to what Dave was saying. What I want is truth. I want workers comp to actually do what they are supposed to do instead of destroying people like me in order to save a few dollars. I don't want sympathy for a sad story nor I don't want a handout. I don't want to destroy any ones wealth except for those that make money in unethical ways. I worked long and hard and had my net worth destroyed and was treated like a criminal for being hurt on the job. I worked for that company for six years and made them a lot of money and have made a lot of money for every company that I have ever worked for. Using ones wealth to hire lawyers and to influence lawmakers in order to protect ones wealth as many extremely rich people do is not rewarding people for hard work like Dave is talking about here. It is criminal. Maybe some day you or someone close to you will get hurt while making someone else rich and you will understand what I am talking about. Until then I think that you need to learn to think before you write things like that comment.
I've never ever heard Dave defend corporations. Again, I feel bad for you you have a sad story but I don't hear you offering a solution. You're upset that you got hurt and can't work (which makes sense) and you're upset that the company is being cheap (also understandable) but I don't hear a solution. And, btw, I don't work to make anyone rich - just myself. I can never get workers comp. If I can incapacitated enough that I can't work, game over.
It can be fair, but in cases like yourself and so many others it is not.
How so?
I got an F on my test.......you didn’t study.
I lost the game................you didn’t practice.
I don’t have any money.............you didn’t work.
Life sure is unfair isn’t it?
A company leave my town because of taxes and fired everyone in there... hmmm 🤔 is it fair?
I don’t have the answer of who should be blame for, I have the common sense to know that it is unfair, it is an unfair system, politicians receive money from rich people, politicians make the rules so the rich people could make more money, rich people make more money but do not distribute fairly, politicians makes rules that are not fair for the middle class and below. I don’t have the final truth, I see the world and that’s my truth, I try to have a wider view than just my case.
@@DAJ007 yes, it's fair.
@@DAJ007 Rich people make more money but do not distribute it fairly? Duh, that's why they are rich! They save it, they do not spend it, or give it away (distribute it.)
So nice you came back with a more structured answer dear Greg! Haha. Get over it! It is not fair. My salary is 6 digits and I don’t distribute and I make more money that I need (right now) and it is not fair and I live with it. You are as solid as a rock with your opinion and also you are not going to make me change mine. My only point is not all poor people deserve to be poor and not all rich people deserve to be it. Like can you even imagine how much is just a billion dollars? Like how much things you can do for the rest of your life with that amount? But well, I’m so ahead of this and won’t plan to continue going on with this topic!
This is the right message, Dave. Love it.
EVERYBODY posses an 'unfair advantage' trait. Find yours and exploit it!
Life is fair. You just need to accept that your talents may not be what you want them to be.
I'm convinced we need periods of bad economy to make businesses who are to lean and mean to fail. Our company started in 2008 just before the crash, and has grown every year since, oh and we are in the residential construction industry.
We swam upstream through the Niagra Falls! They keys to our success was not going into debt, and not listening to people grumble about "the economy" also having a really awesome product didn't hurt. There are others like integrity and helping others the best we could, but it is too much to get into in this post.
Okay, enough with tooting our own horn. I only say all this to say things are looking up because we are building the foundation for a future economy that will be much more resiliant and better equiped to take on economic and cultural shifts.
We are at the begining of the open source maker or "hacker" economy, and the future is brighter than ever.
The economy should always be "bad" in that it should always be hostile to bad businesses. Our economy has booms and busts because government interference in the market keeps bad businesses open until the system is overloaded and can't support them anymore. The collapse comes and closes bad businesses that SHOULD HAVE been closed years before.
I'm glad your business has been successful. You're right, good businesses succeed no matter what the economy is doing as a whole. You'd be doing even better if government wasn't propping up bad businesses, driving up the cost of resources that they take up just waiting for the collapse to come.
I went from having a normal job and part time lawn service, to leaving my full time job in 2007 and going full time lawn care. I took a risk in a Horrible economy.
It forced me to work harder to get the success I wanted.
People were losing jobs everyday.
Lawn services were even folding up because they had all of their equipment on payments and could not keep up.
Bad news everyday for everybody. But I went door to door with flyers and ran local ads and kept growing. I now make more money than I have ever made in my life and that is because I wanted to make it and tried everything I could.
I had 3 jobs at one time because I wanted to EARN enough money to buy a house.
Guess what? I have a house.:)
You can do Anything! There is not any reason to be in poverty, if you are willing to work.
If all you can find is $10 an hour jobs, then go get 2 of them and start creating a side business that can grow and replace one or both.:)
I wish you ALL Success and Happiness.
Stay Motivated.:)
Peace
I remember my dad told me that when he was an area manager for the WNY Pizza Hut they'd buy up properties in the bad economy. Then when things picked up, open new restaurants. :)
No one is crying for wealth equality across the board. But is it too much to expect that a person working 40 hours a week can live from his work? A little balance, Dave.
Jenn Menzel people who work 40 hours are dying?
+TheHiddenLlama7 Maybe if they can't afford decent healthcare coverage, but I think the OP meant more in terms of the difference between living (a life worth living) and existing (where most of the value of the fruits of your labor, go to line the pockets of the already wealthy)
Andrew Theodore It depends on the job. There are people. The point the OP was saying is that 40 hours a week may not be luxurious but people should be able to live to an decent extent. And he's right. 40 may be the minimum, and people should strive more, but the way that some people live on it is not healthy and that's not solely on them. There is systematic issues. We need more balance.
Put it this way, anyone who works 40 hours a week shouldn't have trouble affording rent or healthcare, but every year, EVERYTHING goes up in prices to the point where people who were once middle class are now living in poverty.
Generally speaking, the people who work 40 hrs a week and can't afford their rent or healthcare are in that position because they either a) have such a limited skill set that they can be replaced at the drop of an hat (minimum wage or thereabouts) or b) waste their money and don't have their priorities straight because they have a bad case of the 'I deserves'.
People aren’t arguing they should get paid the same thing that their company’s CEO does.
People are arguing that it is unfair that the CEO finds ways to drive down the income and do away with benefits for workers, that in some cases results in less than a living wage for many workers.
The number of people who work 40hrs a week and are homeless as well as the growing number of van dwellers says there is something wrong with the economy.
@@chicnoir29 that's the way it is in a free society, you can't force the poor to save their money, and you can't spend the rich people's money.
Greg p it’s not their money though. Wages stagnated while the .1% takes all the gains in the economy. That’s been going on for 40 years, but the wages grew with the economy before that. The change point was the conservative revolution of the 1980s. Think it’s fair people should work 2 jobs to scrape by?
well then prepare for more civil unrest and possibly another depression (because wealth inequality is approaching the level it was before the depression). You idiots simply don’t read history to understand what happens when the gap between the poor and rich gets too large. How do you think karl Marx got popular among factory workers working 12 hours a day? This won’t end pretty for anyone, bud.
John Etro - My friend, so happy you get it. We are headed towards major social unrest because if wealth inequality. Married couples working 2.5 jobs struggle to afford one child SMH.
I wrote my second comment eight months ago. I had no idea the number of homeless people would swell to twenty million plus a year later SMH.
And yet we still see this years later, Dave Ramsey I only wish my dad saw you when I was a child. Thanks for all the Amazing Advice.
You are so right that it hurts!!! But the truth is harsh sometimes.
yep
Dave you're not as weird as you think.
Most first marriages do work out.
The only reason divorce rates are so high are people who get multiple divorces.
So over 50% of the married people will at some point be married for over 32 years.
Media seems to leave that out most of the time.
Thank you! I scream exactly this every time people cite that bogus statistic. You're the first other person I've ever seen point it out.
FIve people get married. Four of them stay married to their first spouses their entire lives. ONE of the five gets married and divorced 4 times. VOILA, 50% divorce rate!
5 years later and the whole wealth inequality movement has gotten worse.
LOLZ! That's because wealth inequality has gotten worse. Facts: the USA has the most unequal wealth distribution in the industrialized world, AND it has one of the LOWEST rates of economical mobility in the world (the odds of someone born poor being able to rise from poverty are LOWER in the USA than just about anywhere else.) The playing field in the USA is already heavily tilted, and is becoming more so.
@trueman mann you must be stupid. At the expense of the poor? The poor do not care about expense, that is why they are poor.
It takes Equal Work to make Equal Opportunity Work ....! Keep up the good work Dave ..!
well it is and isn't. Wealth inequality is actually crucial to a stable and healthy economy BUT within reason. The top 1% should'nt have more than 10-15x than the bottom 1% but right now its astronomically larger than that and is WAY off base and right now not fair.
Wealth inequality is about corporate greed. CEO pay, unfair wages. Not about the regular people. There is 2 trillion in us dollars parked off shore in a tax haven. This is wrong when so many are suffering and unable to participate in life and community.
No one with any sense wants everyone to be equal. The problem with income inequality is the degree of it. The one at the top getting paid 500x more than the one at the bottom does not put in 500x more effort. In fact, many hard-working people get paid very little.
Dave makes good points, I am now retired. I consider myself doing OK, home paid for homeowner, paid for rental for real estate owner, savings in Roth IRA, IRA, and company retirement account. Paid my way through college. And everything Dave says seems normal to me, if I want my life to be better it is my responsibility to make it so..
Dave Ramsey at his best, what a great video!
The big problem with this video is, it does not address the fact that the wealth inequality has a lot to do with cronyism and not capitalism. When govts favor big businesses, its causes inequality. When you stop favoring big businesses, the smaller ones can compete. Cronyism, Lobbying, these are the evils, not capitalism. Politicians should not be allowed to sell LAWS to the rich.
wow man mind blown, such a great message and video.
Wow
LOL, it is called GREED and that is why America is falling apart and the majority of jobs pay 10 to 13 dollars an hour. Do the math that is really all one has to know is addition and subtraction to understand wages are way too low. I am retired I work helping individuals find jobs so don't tell me that people are lazy because this is NOT true. People WANT to work but there is not much hope when these people are out there working there butts off and still cannot survive. You are out of touch Dave!!
How can anyone disagree with this video? It's common sense...
Nel Nieves That's because he's not addressing the real question. The argument isn't that everyone should be paid the same. The question is to what level should wealth be distributed. The top 1% in America possess 40% of the nations wealth. The question is whether that is OK. Would it still be OK if it was twice that? He didn't answer that question because it's not so easy.
Why is it not okay? Is it okay for politicians to steal the money and redistribute it? Would that be ok to you?
I just wanna open a debate because I am completely torn on this. What about the fact that the top 1% have 40% of the wealth? I feel that what he is saying is that you just need to work and work and you will make it but at the same time that number may be the reason that people feel that the economy is to blame or “evil capitalism” I just need some insight
Well me personally about how I got into an exclusive Catholic High School, I was born into parents who were business owners. Now, if you find something wrong with all labor being exploitative under capitalism, you might want to read any book on communism (or anarcho-syndicalism if you are a nerd).
The solution is a free market, and less regulations.
The competition cancels each other out.
Its not a handful of people deciding other people's fates.
Absolutely agree with everything here except one thing. There is equal opportunity and equal outcome. Equal opportunity means everyone, regardless of race, gender, class, etc, starts at the same level, and from there they make their own decisions and paths. Equal outcome on the otherhand is stupid, we can't guarantee success for everyone and not everyone deserves it.
I have been saying this in the education system for years
I'm confused how someone doesn't like this video. I guess the truth hurts.
"Equal is unfair" is a book by the Chair of the Ayn Rand Institute - Yaron Brook.
You should get in touch with Yaron Brook!
Would it be lack of effort for a loved one to get a cancer diagnosis and tens of thousands of dollars in medical bills? Because that happens every single day, multiple times. Or how about when our society goes through it’s periodic crashes where the little guy loses everything and the CEO’s get bailouts and bonuses and none of them are even fined, is that because the CEO’s worked harder? To paint with such a broad brush that all social and governmental enterprises are bad, and all fortunes in life boil down to individual effort is quite mind boggling. I believe in most everything you say, but to say all wealthy people are there because of talent and to assume they aren’t there because they are stepping on those beneath them AND to imply that that is what we should all strive for, is totally absurd and dangerous.
Gross misunderstanding of the issues we have with wealth inequality. I can agree with everything he says here, and agree still admit the issue with wealth inequality remains. Wealth Inequality is based in social welfare for corporations; when Democrats talk about taxing the rich, they aren’t talking about taxing 99% of the people watching. They aren’t talking about people with a net worth of $1,000,000’s, they are talking about entities that make millions per month or per day or per hour. It’s an argument that isn’t based on individual circumstance but looks at how the middle class is being decimated as profit is not being shared with the worker class. It about how a management salary in say 2004 was $66,000 where I work and based on 2004 dollars would be worth $90,000 (36.56% increase) today; but the wage scale has only increased to $79,000. The company net worth has gone from $55 Billion to over $100 Billion, effectively a 100% increase. Look up the Cost of Thriving Index for a good graphical explanation of the phenomenon. It’s not about everyone getting a trophy...
Thank you for taking the time to explain this. It's also MUCH more nuanced with race and gender involved.
So people watching this video may come to lay a universal blanket over common and well-founded criticsm. Would be not getting the full picture.
Dave is 100% Correct and you’re a Typical Whiney A$$ Cry Baby. The DemonRats are also the ones giving all those evil Corporations all the Tax Breaks and Bail Outs. The DemonRats are also the Most Corrupt Politicians we have and use insider trading. Maybe it’s time they all pay their fair share. I’m a Truck Driver and we are the Only Profession that is still making the same wages as the 1980s but you don’t hear us complaining. We’re still out here running as hard as we can to bring you everything you have. Maybe try a little less whining and a little more working.
Wow, definitely makes you think differently when you put it in that perspective.
The fact that 6 years later this makes sense and applies, makes you reevaluate your choices.
Rents have gone from $600 to $1400 since this video but wages have stayed the same, homelessness has skyrocketed, so what's really the problem? Is that fair?
Want to make more money, send a resume out. Have ambition, strive for more.‘don’t settle. Most of all work harder than the next guy beside side you.’ Work hard and
Take pride in your craftsmanship.
Lol best Dave Ramsey quote: "I want you to be part of the problem."
That's a terrible thing to say though. Wealth inequality is a terrible thing for any country, and causes a lot of instability.
I don’t understand why the richest country in the world should not provide free health and education to all its population.
Because it’s not FREE. It’s people that work being forced to subsidize healthcare to people that don’t. We already have a system to provide healthcare to people that are disabled can can’t work. It’s called Medicare.
As for free education….we have free education. It’s called public schools. College is a choice, and college graduates earn a lot more than people that don’t go. Why should a person that chose not to go to college be forced to pay for another person to go to college. It makes no sense. This is a country built on individualism. You can do stuff for yourself
Bernie sanders supporters need to listen to this.
I Support Bernie Sanders and Still Belive in Everything Dave says, I love DAVE!
Bernie Sanders supporters wouldn't have a clue what Dave is talking about here.
@@patricklindsay72 very true. I have a couple of lifelong far left friends. Trying to talk even basic supply and demand economics with them is like talking to a wall. And these are smart guys.
@@AmandaHugenkiss2915 With all due respect to your friends, if they are far left and can't discuss basic economics with you, they're not that smart.
@@patricklindsay72 nah they are smart in what they do, just very ignorant in basic economics.
The thing about income and wealth inequality is not about wanting everyone to make the same amount of money. No one is advocating for that. What dave is saying makes sense. But the problem is that those with lots of money have too much influence over the political system. We just want healthcare for everyone and we want our taxes to be spent more wisely instead of subsidizing pointless things. I dont think that is asking for too much.
It shouldn't be wealth inequality it should be wealth inequity. You get a fair amount for the work you do. The keyword is FAIR (not the same as equal)
Dave, have you ever considered writing a book about ethics, character, and learning how to work hard? I know a lot of your books focus on these themes from the financial standpoint, but I would love to read your thoughts on this developing these traits specifically.
I was told by someone very close to me that I am a white privileged male while I work 40+ hrs as an engineer and 35hrs Uber/Lyft. I would say something back but I had to go back to work.
Classic Dave! Miss these solo discussions by Dave.