@UCexhAt4w22jjJCQKAhPEIHg It is possible if every part of the world has decentralized societies. But, government supports capitalists. Japan had that kind of home based small industries with focus on high quality products. From super poor, Japan became super rich while preserving their culture.
Here’s how it works. The wealthiest already owned assets before central banks and governments pumped trillions into the global economy. Just as the system was designed, the value of those assets increased as the money supply skyrocketed. By the time stimulus checks went out inflation was already taking hold. If you owned a house, you witnessed the effect as home value skyrocketed without you spending a dime on upgrades.
@@armaans3672Capitalism isn’t perfect. It’s the offspring of colonialism. You have versions of capitalism. Some call it neocolonialism. They all hit their peak then decline. We’re not immune especially when we see the signals. The British Empire went through it as the US came to power. Now we’re going through it as China’s version rises. Then again economists may have no clue what they’re talking about.
I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $165K per year but nothing to show for it yet.
you're not alone, i'm part of the High Earners, Not Rich Yet (HENRY) not having much left after taxes, housing, and family costs.. not to mention saving for an affluent retirement.
Don't be a marketing strategy for luxury brands like Louis Vuitton and Tag Heuer without having your money give birth to more money (I recommend ''The Richest Man In Babylon'') Rather, you can move to wealth by reducing expenses and increasing savings or investments. As far as I'm concerned, its ideal to consult a reliable financial advisor for such objectives.
@DVeeDee wow! I'm 58. 75,000 USD pension, and only began this stock thing few months ago. Oh, and I live in the Great White North, Canada. I'm ramping up my savings for next year, while the economy and the feds play silly buggers. My goal is to see 2030 in good health and finish up my home payment by next year. Mind if I look up the advisor that aids you?
Are you sure you going to be around in 5 years? No, forget that, Are you sure you going to be around next year? no, are you sure you going to be around next month? no, are you sure you going to be around next week? no, are you 100% sure you going to be around the next day? why the elusion or ignorance of reality? why ask a question that doesn't really make sense?
Yes I agree. The main agenda for this revolution should be 1. Banning of fiat currency and replace it with gold and silver coins. 2. Instead of taxxing the rich, replace it with charity funds taken from rich and given to the poor. And the charity amount should be fixed percentage of the persons' total weatlh and must be given even if he makes profit or loss. 3. Ban central banking and interest based banking system. Concept of interest is flawed to start with because it creates this wealth inequality.
what else will happen if all these "non rich" people keep expending their money to movie stars, resorts and restaurant owners in the name of feeling freedom and empowered
Politicians and large companies are in bed with each other . they have the inside information to corner the market legally . politicians write the laws and use taxpayer money to line their pockets . lobbyists must go .
Really appreciate your feedback regarding this matter, Mrs.GRAVITAS, present indian economy also running in this direction, indian reforms and their bpl people are not going to catch the froutes as per statics and ground reality 😑
The individualist and consumer based culture of the west is a huge contributor this wealth in equality. Children need start staying at home with parents longer, get their degrees, spend less, and invest more.
So this video assumes "travel" of wealth to the upper class. You said "from those who need it the most" implying that money is taken from the common person and that the rich are getting richer at the expense of the rest. You also mentioned the concept that wealth is "created" implying that there is some kind of creation taking place, rather than "taking" from the poor to feed the rich. This video is truly unbalanced.
I am a techie and don't know jack about finance and economies. And recently, I found out that all this wealth we talk about counts in the unrealised money that is tied up with the valuation of companies. Does it mean if somebody tries to convert this valuation into money, they will fail?
It's the first time I've heard someone calling 16t trillion bread crumbs. Joking aside, the rich or their parents had worked hard. Can't just sit at home and complain.
Social gap, wealth gap is necessary, if everyone equally wealthy there is no economic activities, I don't need ur money, u don't need my money too. Even corruption is necessary, imagine u need something done fast u need VIP way, imagine u need to do something but pesky law preventing u to do it, if u have the money u can make it happen no matter what. Corruption and social gap is very important, human in modern era can't live without it.
2:00 Gee that's Sao Paulo city in Brazil. I used to go around that street pretty much every day some 30 years ago. Weird to see randomly popping up in an Indian news. Great report btw.
I dont think this is the correct comparison. Top 1% people wealth mainly lies in infrastructure created by them such as Factories, Office building, etc. and these are needed for other 99% to work alongside.
Wealth is like blood running through veins of society, if distribution is fair like a heart pumping blood to keep us alive the society can prosper and flourish. But here we see concentration of wealth which sickens a society and ultimately death.
if this continues a complete break down in society is sure to follow, as it already as begun, they see it but dont do anything about it, when it comes they only have themselves to blame
We should have progressive Federal Income tax design for Millioners, because Millioners and homeless people do not mixed, so we need get rid off millionaire and homeless people just Disappeared.
Capitalism creates inequality a few get Rich and keep on getting Richer while creating a underclass who serve the Rich. This pursuit of growth when everything is finite limited. Humans have been doing Capitalism for centuries yet 99% of the global human population remains in poverty while the 1% of the human population keep on getting Richer and Richer. Capitalism cannot even handle a global pandemic either. Developing countries will be like the Developed countries in the future hugely in debt compared to their GDP. Every country in the world is going to be like Japan over 200% debt ratio compared to their GDP.
If we believe in our own of making our life will change,if we stop enough to have a roof over our head ,basis necessity, food to eat ajob to meet our ends need,it will change everything, if we depend on foreigners and always think about good future and loss our present, then this is the case
When need become greed this happens. If people will return to their basic needs, this gap can be managed. But people are running you know. Running towards illusions. 🙏
Tax the rich. The people who can afford their own island but choose to take advantage of a civilization could make a difference. make trading easier between nations allow for easy access to healthcare. Food and health. Also take care of the environment. There is too much litter. We are making a mess of our planet. Please start caring.
The World Investing in Stocks to Close the Wealth Gap.. Small Cap EV Stocks Leading in 2023. Faraday Future... XOS Trucks.. ....Alpine 4... ..IQSTEL..and Many more. The Stock Market Levels the Playing Field for Traders / Investors.
Namaskar 🙏🙏🙏🙏 All I wish for is that British return to rule India again. After 75 years of so-called "independence", India is Rank 107 on Starvation Index - worse than Nigeria and North Korea Clearly, we are unfit to rule ourselves 🙏🙏🙏🙏
The British are the ones that sold you ou, under covid, you and every other comman wealth county. The head if the family has been speaking about depopulation since the late 80s
@Raghav Modi you are totally brainwashed by western media,did you see videos from this channels Wion about Britain's downfall and the plight of its citizens?go and watch,don't live in dilusion,you are free to go anywhere and live anywhere the choices are yours,don't be a illusionist of fear 😱
Let's talk later about pet jackets trust me rich people pet's way costlier come about 97 million dollars pets. Yeah, completely okay for their money to spend how they want but here distribution of money is to only certain people who are rich and running pet businesses which are out of balance in money distribution. People spend on worthless things which they claim it is worth more than poor people dying of scarcity of basic necessity of food, shelter, and clothes. rich people need to teach what is essential and what not is essential first
The rising and developments of India and great China would help to solve many problems in the whole world from now on the changing and emergences of new super power from east is the best for the whole world you know the sun rises from east ancients civilizations came from the east and now the new future is coming from the the east period .
"The rich are getting richer", well yes that's how capitalism works. Poverty and inequality ain't going to end under capitalism. You need to end capitalism! 🤦🏽♂ Why is this so difficult for people to understand.
Capitalism did not give it. The public sector came up with that stuff. Capitalism simply made it easy to distribute because of large scale manufacturing.
Almost all the people are in slavery without realizing
This is a much more neutral report for sure. And a very glaring difference between the richest and the poor people around the world.
Inflation is where the rich become more Rich, and the poor become more Poorer!
The rich created inflation so they can get richer and poorer become more dependent on the rich.
"More poorer" ???
True
99% people adopt 'Boycott" model. SImply boycott the 1% people and make a new economic group for ourselves.
@UCexhAt4w22jjJCQKAhPEIHg
It is possible if every part of the world has decentralized societies. But, government supports capitalists.
Japan had that kind of home based small industries with focus on high quality products. From super poor, Japan became super rich while preserving their culture.
Here’s how it works. The wealthiest already owned assets before central banks and governments pumped trillions into the global economy. Just as the system was designed, the value of those assets increased as the money supply skyrocketed. By the time stimulus checks went out inflation was already taking hold. If you owned a house, you witnessed the effect as home value skyrocketed without you spending a dime on upgrades.
👌🙏
@@armaans3672Capitalism isn’t perfect. It’s the offspring of colonialism. You have versions of capitalism. Some call it neocolonialism. They all hit their peak then decline. We’re not immune especially when we see the signals. The British Empire went through it as the US came to power. Now we’re going through it as China’s version rises. Then again economists may have no clue what they’re talking about.
And it can go down as fast before you sell it also the cash you have could easily become worthless paper as what they really are,
@@MrManny075 These guys know how to make money if it goes up or down. Most trading is all algorithms
@@merovingian688 If that is the case why do those major banks and insurance companies need bailouts and some of them went bankrupt?
Tax the rich and reduce taxes for the middle class
Rest in peace richest peoples hardwork,challenges,luck
Increase taxes on the rich can save people from poverty?! I don't believe that.
The rich should be taxed 40% the poor not at all.If it’s not changed the billionaires could soon be targeted by an uprising of the people.
reminds me of the france independence war
I solve my poverty concerns by imposing price caps on the commodities I require.
I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I earn around $165K per year but nothing to show for it yet.
you're not alone, i'm part of the High Earners, Not Rich Yet (HENRY) not having much left after taxes, housing, and family costs.. not to mention saving for an affluent retirement.
Don't be a marketing strategy for luxury brands like Louis Vuitton and Tag Heuer without having your money give birth to more money (I recommend ''The Richest Man In Babylon'') Rather, you can move to wealth by reducing expenses and increasing savings or investments. As far as I'm concerned, its ideal to consult a reliable financial advisor for such objectives.
@DVeeDee wow! I'm 58. 75,000 USD pension, and only began this stock thing few months ago. Oh, and I live in the Great White North, Canada. I'm ramping up my savings for next year, while the economy and the feds play silly buggers. My goal is to see 2030 in good health and finish up my home payment by next year. Mind if I look up the advisor that aids you?
Are you sure you going to be around in 5 years? No, forget that, Are you sure you going to be around next year? no, are you sure you going to be around next month? no, are you sure you going to be around next week? no, are you 100% sure you going to be around the next day? why the elusion or ignorance of reality? why ask a question that doesn't really make sense?
This is 100% correct
Time for a Revolution!
The 99% isn't ready for that bloodshed
And replace it with what? You really think communism would be any better? Learn real estate and read rich dad poor dad
Yes I agree. The main agenda for this revolution should be 1. Banning of fiat currency and replace it with gold and silver coins. 2. Instead of taxxing the rich, replace it with charity funds taken from rich and given to the poor. And the charity amount should be fixed percentage of the persons' total weatlh and must be given even if he makes profit or loss. 3. Ban central banking and interest based banking system. Concept of interest is flawed to start with because it creates this wealth inequality.
@@Dom-HD replace it with social democraticalism - look at north europe
The accumulation of wealth beyond the need is unhealthy, so they better give to the needy in order to get healthy.
They dont pay taxes
The Cantillon Effect hard at work over the last 3 years!
what else will happen if all these "non rich" people keep expending their money to movie stars, resorts and restaurant owners
in the name of feeling freedom and empowered
This is why I always support CPIM.
Rich always gets richer
Even before pandemic there were people working for 50$ a month in India this is not something new
Politicians and large companies are in bed with each other . they have the inside information to corner the market legally . politicians write the laws and use taxpayer money to line their pockets . lobbyists must go .
Really appreciate your feedback regarding this matter, Mrs.GRAVITAS,
present indian economy also running in this direction, indian reforms and their bpl people are not going to catch the froutes as per statics and ground reality 😑
The individualist and consumer based culture of the west is a huge contributor this wealth in equality.
Children need start staying at home with parents longer, get their degrees, spend less, and invest more.
… that’s the way capitalism works ! 🥳
James 5:1-5, 1 Tim.6:17-19.
No bread crumbs for China, only rice crumbs.
😁 👍🇨🇳
it's Better if all people are subject to direct tax without indirect tax
The coming digital money is going to end all this.
"The, BILLIONAIRES, have worked hard"🤣🤣🤣🤣🤣🤣🤣
All that money is stolen....
The world needs to change for the better
So this video assumes "travel" of wealth to the upper class. You said "from those who need it the most" implying that money is taken from the common person and that the rich are getting richer at the expense of the rest. You also mentioned the concept that wealth is "created" implying that there is some kind of creation taking place, rather than "taking" from the poor to feed the rich. This video is truly unbalanced.
Wealth in principle in stocks etc. is nothing like money in a bank. You can only spend the latter.
I am a techie and don't know jack about finance and economies. And recently, I found out that all this wealth we talk about counts in the unrealised money that is tied up with the valuation of companies. Does it mean if somebody tries to convert this valuation into money, they will fail?
@@karthikdevanahalli Yes, that's true..
Just be innovative,,,and you will be among the 1%
Lol. Good joke.
The last point and solution you gave is really good
It had to happen....too many slaves available, mainly from third world sources!
In one song there is a lyric -- Rich get richer! poor get a picture !
It's the first time I've heard someone calling 16t trillion bread crumbs. Joking aside, the rich or their parents had worked hard. Can't just sit at home and complain.
No. Not really. That is wrong. They didn't really work as hard as you think they did.
Ah well. It is nice to spend money. When I have it.
Bitcoin might be an answer in the long term!
Capitalism doesn't work with automation 😕
Marx was right all along
Social gap, wealth gap is necessary, if everyone equally wealthy there is no economic activities, I don't need ur money, u don't need my money too. Even corruption is necessary, imagine u need something done fast u need VIP way, imagine u need to do something but pesky law preventing u to do it, if u have the money u can make it happen no matter what. Corruption and social gap is very important, human in modern era can't live without it.
2:00 Gee that's Sao Paulo city in Brazil. I used to go around that street pretty much every day some 30 years ago. Weird to see randomly popping up in an Indian news. Great report btw.
Rich are getting richer.poor are getting poorer.defrauded.
US printed over 4 Trillion. So some one has to be richer.
The problem is that rich countries people get more and more lady… This is real problem..
We are making them Rich by buying there products.
Not just by buying products. By actually not taxing them
Stupid 99% work hard thinking they will be rich 🤑, and they are working hard for the 1% to make them richer
I dont think this is the correct comparison. Top 1% people wealth mainly lies in infrastructure created by them such as Factories, Office building, etc. and these are needed for other 99% to work alongside.
It’s are fault we’re like sheep 🐑 allowing the wolves to keep devouring us!! We are totally clueless and sheepish
The poor are getting poorer because of government taxes a high proportion of employment income. What's left is survival income.
These is the responsabily of politicians
Take from those who have food. This will make the world a better place 😊
Financial worldwide chaos.
Dreams of the wealthy built apon the back of society are rapidly becoming nightmares.
Wealth is like blood running through veins of society, if distribution is fair like a heart pumping blood to keep us alive the society can prosper and flourish.
But here we see concentration of wealth which sickens a society and ultimately death.
Thank God.
I'm one of those billionaires who doubled his income
if this continues a complete break down in society is sure to follow, as it already as begun, they see it but dont do anything about it, when it comes they only have themselves to blame
Unconditional right to stop our own life medically whenever we want for all adults, my body my choice.
Do comment on INDIA also...as report includes here story to...
Watch the money = Velocity of money. Where is all the money going?
Tax the capital gains after pandemic on unfair incomes
We should have progressive Federal Income tax design for Millioners, because Millioners and homeless people do not mixed, so we need get rid off millionaire and homeless people just Disappeared.
Haters will hate.
All global elite's will be throwing their riches out into the streets soon enough when the King of Kings Yeshua's comes back in Judgement.
Capitalism creates inequality a few get Rich and keep on getting Richer while creating a underclass who serve the Rich. This pursuit of growth when everything is finite limited. Humans have been doing Capitalism for centuries yet 99% of the global human population remains in poverty while the 1% of the human population keep on getting Richer and Richer. Capitalism cannot even handle a global pandemic either. Developing countries will be like the Developed countries in the future hugely in debt compared to their GDP. Every country in the world is going to be like Japan over 200% debt ratio compared to their GDP.
The last digital world 2023-2027.
Tax payers money shall be spent on civic aminities without corruption. Any lag shall be punished very seriously.
If we believe in our own of making our life will change,if we stop enough to have a roof over our head ,basis necessity, food to eat ajob to meet our ends need,it will change everything, if we depend on foreigners and always think about good future and loss our present, then this is the case
When need become greed this happens. If people will return to their basic needs, this gap can be managed. But people are running you know. Running towards illusions. 🙏
World 🌍 wide business stuff travel money 💵💰
as it was true history...
Tax the rich. The people who can afford their own island but choose to take advantage of a civilization could make a difference. make trading easier between nations allow for easy access to healthcare. Food and health. Also take care of the environment. There is too much litter. We are making a mess of our planet. Please start caring.
Wen will billionaires use from their $ to help pay labour cost , Cause it's them who keeps sending up prices for more profits
Elon is not getting richer
What else is new.
Top down does not work
The rich and the mouth pieces won’t live forever and we the population are growing tired. FJB
Hence a global economy
I guess Tupac was right to some extent about this topic.
andrew tate warned about this.....
Your idol is in jail, stop worshiping him.
@@rockhard9369 yet still owns a bugatti...
what color is your bugatti ?
@@mo-sl4bj you are out of jail yeah ? are you rich ? does world care about your reputation ?
No Shit!
Excellent work
elon musk take private jet for 6 miles trip... going green..
The World Investing in Stocks to Close the Wealth Gap.. Small Cap EV Stocks Leading in 2023. Faraday Future... XOS Trucks.. ....Alpine 4... ..IQSTEL..and Many more. The Stock Market Levels the Playing Field for Traders / Investors.
I identify as the 1% 😃
Have Fun Staying in Matrix !
You are beginning to become biased,,,
Namaskar 🙏🙏🙏🙏
All I wish for is that British return to rule India again.
After 75 years of so-called "independence", India is Rank 107 on Starvation Index - worse than Nigeria and North Korea
Clearly, we are unfit to rule ourselves 🙏🙏🙏🙏
The British are the ones that sold you ou, under covid, you and every other comman wealth county. The head if the family has been speaking about depopulation since the late 80s
Not we you .
@Raghav Modi you are totally brainwashed by western media,did you see videos from this channels Wion about Britain's downfall and the plight of its citizens?go and watch,don't live in dilusion,you are free to go anywhere and live anywhere the choices are yours,don't be a illusionist of fear 😱
British are suffering themselves with their economy... I guess the golden era of India was the Mughal times...
@@rayedshamim7329 lol 😂
Simply put. Totally depressing news 😞 day after day. They should post suicide hotline after each story.
gd
Let's talk later about pet jackets trust me rich people pet's way costlier come about 97 million dollars pets. Yeah, completely okay for their money to spend how they want but here distribution of money is to only certain people who are rich and running pet businesses which are out of balance in money distribution. People spend on worthless things which they claim it is worth more than poor people dying of scarcity of basic necessity of food, shelter, and clothes. rich people need to teach what is essential and what not is essential first
Gobeal wealth travel financial worldwide system chaos'
Is this any news ask our grocrery chains and govt
The rising and developments of India and great China would help to solve many problems in the whole world from now on the changing and emergences of new super power from east is the best for the whole world you know the sun rises from east ancients civilizations came from the east and now the new future is coming from the the east period .
"The rich are getting richer", well yes that's how capitalism works. Poverty and inequality ain't going to end under capitalism. You need to end capitalism! 🤦🏽♂ Why is this so difficult for people to understand.
THIS WORLD YOU NEED TO BE RICH AND RICHEST...!
AFTER...THE WORLD WAR IS COME...
...YOU CANNOT RUN...
🤣😂
Sign of judgement day is near.
Capitalism gave the world cars, jets, phones, medicine, technology, energy, etc. But there's no denying the unhealthy competition it has created.
Capitalism did not give it. The public sector came up with that stuff. Capitalism simply made it easy to distribute because of large scale manufacturing.