The most important chart of 2014, explained in under a minute
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- Опубліковано 25 сер 2024
- This chart from Pavlina Tcherneva is a shocking illustration of how the US economy is broken. Matt Yglesias explains in 45 seconds.
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Vox, you might want to re-title this vid. I was expecting the 'How' to be explained, but instead viewers just get an infograph with narration. If this is just a preview, then I'll be Looking forward to a surely interesting piece.
Enzo, thanks so much for this feedback. We've changed the title to better represent what's inside.
For much, much more on the topic, here's Vox's full explainer on income inequality: www.vox.com/cards/income-inequality/what-is-income-inequality
And we also did a longer piece about wealth inequality here:
How wealth inequality is dangerous for America
It's pretty obvious why the economy is broken in this way. The richest people in the world have always been celebrated as the "winners of the world". Every aspect of US culture has been effected by this idea. Allowing the political system to pave way for people to become insanely rich.
I couldn't agree more.
What has changed in America to cause this extreme inequality? Note that the pattern changed in the 80's. WHAT HAS CHANGED IN AMERICAN POLITICS IS THE CONSERVATIVE REVOLUTION, which began in the Reagan years and continues to more extreme, aggressive and defiant. (There are other factors,, but this is a major cause or the major of inequality.)
Since 1981 policies have tended to be significantly biased to benefit the rich. Tax cuts inherently benefit those with money. A tax cut for a minimum wage earner is worthless. Too many in the media...including VOX are afraid to call a spade a spade. But being excessively evenhanded and unbiased can obscure the truth in this case.
It's time to make the facts clear...REPUBLICANS ARE THE PROBLEM.
You could have gone a little more in deph, i mean, the title...
Subjects could be Reagan's privatisation and Republican reforms, or mortages...
Well it's not exactly broken if it's working just as planned.
I don't know is it right to ask this question or not, but I think
it’s not so wrong to ask:
What's the name of the music used in this clip? :)
Can we revolt like the people in Hong Kong about this?
Global inequality is not rising, local inequalities are. The world as a whole is way more equal than it was 10 years ago, but the growth in the bottom happens in other counties that Vox/Piketti failed to mention. This position of criticizing globalization despite the economic growth that the poor people in Asia have experienced bears the idea that the improvement in the life of those people are not worth the same as improvement in the life of middle classes in Europe and in the US. And that is almost xenophobic.
Well that was a pointless use of 54 seconds. We already knew that nobody knows why it's broken. As for why things changed, it was Reagan's fault. We talked about this in my political science class yesterday.
I wonder if cuts to capital gains taxes and income taxes over the decades accounts for most of the increase in wealth for the 10%, and wage stagnation accounts for much of the loss for the rest.
Nothing like a good chart to start the day.
It's time you guys learned about Austrian Economics. This was all completely predictable. And was predicted. Ron Paul Pointed out what was about to happen and why years before it occurred. Read Economics in One Lesson: By Henry Hazlitt
The video doesn't A: show that the rich stole anything and B: how.
Oh the Joy! The sweet, soothing wonderful Joy of being chauffeured about my day and watching through my darkly tinted window, the withering throngs of the little people as they go about their drab and overall meaningless lives!
It feels like the U.S. is in a recession.
Yes it's a problem, but there are plenty of other problems that should be dealt with first.
pretty much says im fucked
Time to shake a rich guy and say: YOU'RE BREAKING OUR ECONOMY!
I guess the Y axis will remain a mystery
We are the 99%
Cool! Now what?
vox, stop using narrators with vocal fry. it sounds completely stupid.
No one really knows? Ever considered Neo-liberism?
communists!