Will we all be poorer? | Rich Poor Comparison | Documentary | Wealth Gap
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- Опубліковано 16 жов 2024
- Wealth Gap Explained: Will we all be poorer? - Seven unconnected people striving for a better life across the US and UK discover the odds may be stacked against them. Filmmaker Katharine Round provokes intimate moments to build a mosaic of lives in the grip of fear and insecurity - driven by an ever widening gap between richest and poorest.
Will we all be poorer? (2015)
Director: Katharine Round
Stars: Noam Chomsky, Max Hastings, Cathy O'Neil
Genre: Documentary
Country: United Kingdom, United States
Language: English
Also Known As: Security, Insecurity and the Future of the West
Release Date: November 2015 (Ireland)
Reviews:
"Ultimately, The Divide is enraging for all the right reasons. It could be criticised for wandering a little astray at times, but this is simply a result of Round sticking to her guns and telling human stories, not statistical ones. That is not to say the film is devoid of context, but rather that it is pleasingly unfettered by its own agenda. Certainly, it will appeal more to those of a particular political persuasion, but I’m sure those on the other side of the debate would enjoy picking it apa rt almost as much as the rest of us would enjoy agreeing with and learning from it. It might even go so far as to touch a nerve with those too hardened to be convinced by statistics. 5/5"
written by "" on IMDb.com
Also Known As (AKA):
(original title) The Divide
India (English title) The Divide
UK (working title) The Spirit Level
UK The Divide
USA (alternative title) Security, Insecurity and the Future of the West
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People were fine being blue collar 15 years ago. People were OK with just working at a deli, maybe trying a side business or hoping to get an education eventually even though late, now a days if you dont have the conveniences of growing up rich the amount of effort it takes to pull yourself out of poverty is insurmountable, anything bad happens to anyone that isnt rich and it kicks you so far back down the mountain that its not worth climbing back up.
Gotta keep pushing that boulder.
Life.
Always worth getting back up.
Exactly!!
The vast majority of millionaires are first generation--aka they didn't inherit their wealth.
1,700 new millionaires are created every day. Most of them got there by working a regular job and saving and diligently investing.
You can sit there and complain, or you can bust your ass. If you think 40 hours a week is going to provide for your every want and need, you haven't been paying attention. Bezos, Jobs, Musk, etc... they all have one thing in common--an incredible work ethic and an insane amount for work went into creating their empire.
If you aren't working harder than everyone else, you can't expect to succeed more than everyone else.
This docu was made pre-pandemic in 2015. I think it's all the same issues but times 3 now.
It's almost like crapitalism isn't working
😢 10 times worse
The concentration of wealth and power is increasing exponentially. No idea how this all ends, maybe World War 3, no idea but it is heading in a bad direction.
They are doubleing down on the economics of relativity. How poor are you in relation to some one else? Immigrants? In the 70's dollar was backed by gold and now ? In the 80's they took away unions that kept wages up. 90's jobs fled to China. 2000s wars to keep us unstable, afraid and competing with Chinese wages. This has been coming for a long time.
I'm making more money than I ever have with benefits from a good job and I'm still barely getting by. The cost of living is outrageous 😬🤨
I make almost double what I made 20 years ago and yet I'll never be able to buy a house. This economic situation is ridiculous.
@rondonnis6588 save your breath, the only way these people will learn is if they truly suffer under the socialisms they demanded.
@rondonnis6588 he’s going to be a felon by the time the election comes around. We don’t want to vote for a felon.
@rondonnis6588hahaha. You've been conned by a silver spoon clown.
@@mistressofstoneslook in the mirror. Why weren't you buying that house 20 years ago?
The psychologist rubs me the wrong way. The smugness, arrogance, entitlement. He can't be bothered by the pheasants. He drives each day rather than taking the bus not because he fears getting sick, but because it's beneath him. He could care less about the school district, it's just a bragging point. His comments says it all. Gated community. 24 hour security. Nice cars. Wealthy neighbors. I'm not saying it's wrong, there's plenty of people that feel the same way he does, It just seems really shallow, but hey it's America not the three musketeers.
Yeah, its a flawed way of thinking
Lol the biggest red flag was the New York Post
Wealthy people can still live paycheck to paycheck, cause they spend so much. The psychologist who can’t take a day off says it all.
Those in the psych industries gaslight aka lie for a profit.
Haha, he is more delusional than anything. He drives a very middle class car it’s anything but high end. They only have what 1 or 2 cars. 😂
Living in Pennsylvania is nothing to brag about either. 🤣 gate it no gate.. it’s pretty close (Westchester) to Philadelphia a complete dump low class, high crime city.
17:20
That lady I can most definitely relate to.
I lived in a gated community twice and even though we are all in the same community, WE WEREN'T A COMMUNITY AT ALL. We don't talk to each other nor know each other. I remember my nephew was playing with his ball and it accidentally went on the road and everyone saw it. No one offered to pick up the ball that was next to them just to hand it back to my 9 year old nephew. 8 people just ignoring him. Then, the final straw was when a random young chick simply kicked the ball into the creek.
I was livid! Our gated community everybody! I'm so glad we moved to Spain!!!
I hate gated communities and the people living in it are usually the worst of the worst, entitled pricks who think they are better than everybody else.
I live in a very nice area and there is not enough money in the world for me to move into a gated community, I hate social segregation
So sorry this happened to you and your nephew. I’ve seen this behavior and it’s mindboggling. Almost like it’s a virus that infects everybody and they all behave the same way without any manners, kindness, or civility. I really do think it’s contagious behavior. I live in a place known for being very anti-social toward eachother and years ago I was more outgoing and talked to strangers but over time I changed and I keep to myself. But this has happened because the majority reacted so rudely toward my neighborliness. However, I have principles and if I saw the same scenario with your nephew I definitely would have been more helpful and polite. American society is getting very disappointing, and I fear what that means for all aspects of life, freedoms, and civility. Wish you well in Spain. Hope it is wonderful.
@@Maggie-zr2owThe problem is also those who are busy bodies and who don’t respect privacy.
@@EmilyGloeggler7984 Do you think busy bodies are a large percentage? I don’t. I think people without manners and politeness way exceed the number of busy bodies. But I think the busy bodies stand out because they are so much in your personal space, AND don’t have manners and politeness. Sad, isn’t it?
'Gated Community' sounds like a rich thing. Don't expect much from them if it comes to helping eachother. You'd get a lot more help from people in a 'Rural Community'.
This documentary shows that “ The Public always forgets” is so true. The public should be outraged and protest that billionaires are continuing get wealthier every year and the poorer and now the middle class continues is on a downhill trajectory to become the new poor. And so it goes leave no billionaire behind is exactly what continues. Just drive down any major city in the US and watch the homeless problem expand every year. And I foresee nothing will ever change unless we the average person organize and demand changes.
This problem is on each and everyone of our shoulders.
I am Gen X and playing by their rigged rules," just vote" is what the TV / Social Media stooges say.
It's a lie. Your vote will never be enough to enact the serious overhaul of the current system and its rules.
We have a one party dictatorship that is falsely divided to keep the majority of people fooled and ensure one very small percentage of rich lawless elites get to truely experience life.
The rest of us will suffer just trying to keep our heads above water.
Only a complete united movement all literally tearing apart the government systems and taking all the stuff the cooperations took from us as they buy the right to fuck the people.
When it happens it has to be all or nothing.
We will lose people but it's worth it for our freedom.
yet you use amazon to get your things delivered (billion dollar problem solved) youre typing away on your mac or pc (billion dollar problem solved) and still complaining about the same billionaires that made your life easier lmfao what a joke
those who have the skills to "organize" = management/operations and "demand" = sales/persuade...wont be on the streets with cardboard posters asking to be taxed. they will be entreperneurs running businesses and making money
@@seriouscashdid you not watch the documentary. Everyone is being screwed even those making 250k a year. It is exactly the realization that you are missing. If you work for someone you are working class, whether banker or fry cook.
Buy assets only, no garbage, nothing but food and assets...gold, silver real estate, used cars only etc
1984 has gone from fiction to shocking reality.
We are not living in the time of Orwell, yet. We are living in the time of Huxley.
Life isn’t getting better for many people, just when you think it’ll be better soon, it isn’t
That's because wages are only a few grand more a year than at the turn of the millennium, but the cost of living has more than doubled.
It's designed that way. Give some prosperity and when it all looks great pull the rug and create a recession so that people lose their house and savings and someone picks up the pieces and it's almost always wealthy corporations. And when the dust settles they try to help people back up by offering them loans with high interest rates that they will not be able to pay back and will be in debt for years to come.
We live in a system that encourages a race to the bottom. Those that make money, whether morally or immorally, are de incentivized to think about their impact on the economy and society by the way profits are motivated (Whyd you care about a factory in flint if you can cut down half your production costs in china?). This is post capitalism.
Without trying to get political (left and right), the historic way this kind of disruptive profit seeking behavior has been regulate is with government intervention. But we got a trend around the world, where people are voting for politicians who prefer less government involvement.
Everyone that extolls the virtues of the free market, dont realize alot of these 'old money''conglomerates got their leg up through the government; Oil Barons, Alcohol Companies, Manfacturing Plants pre depression and post depression in the US for example. Now these same corporations complain governments butt in too much; funny huh?
@@Sulfen Never read it that way, but that sounds like what happens.
about to be homeless for the 2nd time of my life less than 10 years apart. have not stopped working and taking care of family. it's awful. don't come from money or family that are willing to help due to their own problems and addictions. i always wondered what would have happened if i had a better financial push after graduating high school.
We need to replace all congress/senators and the 2 parties!
They should have a 4 year term limit on #congresspeople
@@Chris-m2o1s
How about No term period. As soon as the public sees they're not doing their job and taking unnecessary vacations on Taxpayer money they should be removed and court ordered to pay every dime they spent back!!
They're ALL Useless burdens on the Economy
That’s crazy how Walmart led to that lady’s business getting shut down, just for her to have to go work for them.
This was a regular enough occurrence that it was a plot in an episode of king of the hill
Walmart, shut down mom and pop groc., clothing, video, even mom and pop jewelry stores. Home Depot, appliance stores, lumber, hardware stores. CVS Walgreens, mom, pop pharmacies!!!!!
@@dianestevenson4996yep same in my hometown
@@dianestevenson4996 Don't forget Amazon?
They adapt, she didn't...
To think that buying a house and paying it for the rest of your life is so abstract that it's unbelievable .
Not to mention that you owe taxes even when your dome paying for it ,if you don't pay they take it away so why even try to own a home
@@ladylove1158 Because if people paid it off early in their life they would possibly retire or look for part time work.
Rich people are richer because they lobbied the politicians & they get the help from the politicians to getting richer. They are all connected/related each other. This is so sad... I'm not seeing the middle class less & less every day.
And they don’t pay taxes if they can “help others” aka philanthropists
@monipenny408that's corporate greed not capitalism.
@@sadenbrickit's end stage Capitalism.
But capitalism will always reach that point. If there is regulations, they will eventually be removed so very rich people can make more money.
Too much money in the hands of so few will eventually canabilize the capitalist system. It will lead to autocracy and an end to democracy. The capitalist system demands ever increasing profits. Regulations will inevitably get in the way of those profits, so it should be no shock that the capitalist will do whatever it takes to remove those regulations.
And all it took was to bribe a few politicians.
Not exactly the greatest system in the world is it.
My dad was a politician one time my brother heard my dad talking to one of his political "enemies" and he heard the enemy say about another man "don't worry he is one of us"
@@sadenbrick it's the end result of capitalism this has happened before in the guilded age
That's what happened at Target as well. I was a supervisor and was told I couldn't give more than a $0.10 raise to people. That would mean I would have to check all the boxes that they sucked, I would not do it.
I got a .10c raised at Lowe’s. I work part time so I show up late all the time.
Most places of employment are like that, not just retail. Hospitals do it, construction etc
You're the best type of manager, one that wants to genuinely help your team.
Thanks for telling us we go there almost every day to buy ice cream its our one luxury. We should slack off doing it.
I'm not well off and I'm not poor! Life is hard but all you can do is enjoy what you do have and be grateful 🙏🏽
Well said...
Most people don't want to wake up at 6am for work. They don't want a hard life but they want the money. That's the problem with society. They want to make the wrong choice in life and still get a reward at the end of it.
@@johnharrison4592 so true!
@@johnharrison4592ok boomer
@@johnharrison4592what this documentary is not mentioning or what the original poster is not mentioning is how public policy created the concept of the single mother. Before 1990 , women of color were married, loved and protected by their counterparts.
Now, women of color are hated, and unprotected. Society will believe that she deserves it. Hence the destruction of the Melanin family.
People don’t care about Poor. They only care when it may directly affect them thinking as usual that it’s not supposed to happen to themselves, just others. No one’s caste is set in stone. You can be self sufficient one day all gone the next. Terrible thing isn’t it when it happens to you, you don’t care when it happens to others.
Such is life
@@thousandaireradio3199 congratulations! You got the Apathy Award for the year! I’m sure when things go south on you, everyone will hear you gripe on film in some parking lot sitting behind the wheel and expecting the world to stop spinning.
Do you want us to sit with you and weep?
@@smaanan Interesting you say that. Middle Class do a great job acting like their lives are so miserable who take for granted everything and expect people to weep for them. They crab about food prices never going hungry, crab about gas prices who’ve never walked a mile taking for granted they have a car, whine about home and rent prices while never on the brink of homelessness and they bellow about pay taking for granted they have a job with their crappy attitude of feeling owed which they’re not. I hope you lose everthing.
@@smaanan 😂😭😭😂
Yes we will all be getting poorer, no matter if you're wages go up inflation is going to out grow wages leaving 90% of the population poorer. The most dangerous fact is that this has the ability to destabilize the whole society
Society is going to collapse, there's no way around it. The people in charge are making sure of it, anything they do implement at this point will be too little too late.
Globally
People forget that at one time in this nation people ate rats. What you think can't happen will happen.
“NYC style bbq” 🍗
I didn’t learn this in history! 🇺🇸
I've never heard of that. I know none of my ancestors in the USA ever ate a rat. Not even during the great depression.
I'm betting even the Appalachians at least ate squirrels.
We do this to ourselves because we want the toys and the validation from our peers. We willingly put ourselves in debt prison for life because of it. Stop consuming so much! Free yourselves from debt! Stop feeding the system!
No Christian gift, for nobody, u read between the lines no Thanksgiving, no year, game over no government dcac
Most folks are all about conspicuous consumption. Looky me. I’ve got an iPhone, iPad and an Apple Watch. People be trying to get in touch therefore I need multiple electronic devices. Also, ima turn my brain over to a smart device. I can’t be bothered with remembering folk’s phone numbers fgs!
Look, all I want is security. I don't have credit cards, I don't have flashy cars or TV, but my rent takes 45% of my income and the landlord doesn't carry out essential works on the property, I don't have a decent heating system and can't just build a fireplace bc it is a maisonette. The bills take other 23% of my income. We are at almost 70% my income gone and I haven't eaten yet, haven't fed my children yet, no clothes or shoes or laundry detergent to wash our clothes. So we are very very passed that stage that we are in poverty because of lack of self discipline.
@@erikaannabosnyak9307 Yeah unfortunately more and more people are finding it harder to acquire just the basics to try and live a so-called normal life. We are headed into dark times if nothing changes. What more do they expect us to give up in order to eat.
@@erikaannabosnyak9307Where' s the children's father? Does he not work?
We will become poorer, unless we trade/exchange services within our communities without the use of $$$.
Don't worry, new world order will change that, for there is more and more countries and people rejecting dollar..
Did you know bartering is illegal? I thought the same thing you said awhile ago. If someone was like I'll paint your house and you fix my car and your neighbor washes all your laundry and you build their back steps and they sew all their neighbors curtains for spring they clean their neighbors house and so on and no money gets spent anywhere but 1000$ of stuff gets accomplished. The government is not okay with this. They want all that potential tax money and the circulation of our money. They made bartering illegal but it does happen now with the Internet. They can't really do anything about it because it doesn't show up on paper anywhere that they're not getting taxes or however it works. But if bartering happened on a large scale they would lose their minds. But I say Fck them! I'm in. If I find this happening on a large scale I have lots of skills I'd trade for things I don't know how to do.
But this billion dollars bllsht is wrong no matter what it's wrong. No one no one should be allowed to have that much money. It should definitely be taken and spread out among those that need it
@user-vb2xc9fx2k I hear you. You’re not wrong, But …
Capitalism involves numbers that are too large to comprehend. Capitalism has created world slavery. Some slaves live in the big house and feel hard work earned them this. There’s a reason purchasing a flight or hotel room costs everyone a different price. Currently, housing is under attack and being grabbed by billionaires - not millionaires. Millionaires are slaves too.
@user-vb2xc9fx2k is there no balancing act that not heartless? the one that benefit the most is top dog, average people becoem miserable
You most likely have nothing I want.
20:00 if your kid can’t make a friend in the playground is the environment you put him in really worth it. There are still neighborhoods that are safe that aren’t gated
I live in one. An old exurb who’s theme could be called “look what vinyl siding can do!”. The kind of place many would turn up their nose at. Friendly, safe for kids. Old houses with bicycles everywhere. When we moved here, I didn’t have air conditioning, or a microwave. Took a bus to the city to preserve my old car. Glad we stayed in our “starter”…
The good days are over for average people.
Can’t talk about any of this wo addressing the epidemic of divorce/single parenting. It is a huge factor in poverty.
So......stay away from single mothers ?
@@onetime3137 no, they need community more than anything. Their children are NOT less deserving of being raised by the village
@@audreydoyle5268 what ???
Husband/wife(wives) household is essential to society. It keeps the community together to help out each other and not depend too much on welfare. But government and talking heads been pushing individualism for a long time that the "village" mindset has become obsolete.
Dave Ramsey write in his book it’s not how much you make it’s how much you spend that counts in the end. If you make six figures and spends six figure than you are equal to someone making $30k a year.
Problem is people aren’t even making enough to survive in many cases.
Love Dave Ramsey. I listen every day. Someone called in making $300k and was living paycheck to paycheck.
Yeah but someone making 300000k and spending it is still living better than someone earning 30k
Dave Ram The same dude who profits of RE. Dude will tell you water is great and then sell it to you for 3 dollars a bottle.
How much would you suggest someone making 30K live on..?
It’s not just people living beyond its means it’s the freaking govt living way beyond its means and helping to make people poor
It’s also those corrupt puppet masters behind the corrupt governments, and who are funding them - like Klaus Schwab, George Soros, Elon Musk, etc.
Corporate governance.
We tend to look up and envy the rich people but you really have to question about that. People will gaslight you that they worked hard and became successful but it’s really just exploitation.
Don't be upset with the wealthy guy that you keep buying products from, be upset with the taxed funded multimillionaire dictating laws to diminish your freedom.
Envy is a sin.
Hmmm not necessarily, but I do think people don’t always realize how much sacrifice comes with a lot of that success. My husband is one of these people - he is always working and every spare minute is spent figuring out the next thing to get ahead. He works hard and smart and I couldn’t do what he does. He grew up poor, took out massive student loans, chose a smart profession and just kept going. It’s not always possible at all but certain people have this kind of drive I can’t imagine - beyond even working hard. I don’t envy it to be honest but it’s fascinating to watch.
@@kaylachristenson9664 your husband is not rich.
@@english_5359 he is rich but of course to the tune of billions? No, but we are wealthy and his earnings are high. I stay home, we live without worry in the most expensive part of the US, and he will certainly retire early (or at least have the option). This is a lifestyle that is unattainable for most people so I would say that makes us rich.
I never care what anyone thinks. I own a nice standard home . My toyota hilux I have owned for 25yrs. No credit card no debts. Now building a 2 bedroom unit for my daughter I saved every cent for it. Luckily I brought the other block of land when it wasn't worth anything. If it does the job that will do. no thrills.
I hate to say it, but the lady at 44:35 may want to consider taking a deep breath and calming down a little. One minute she says she has heart issues, and then in the next scene she’s yelling at her family like she’s a drill sergeant.
😂
My dad had uncontrolled high blood pressure snd that didn't stop his raging. He finally had a massive stroke, can't walk. Can barely talk and he still rages at 80.
You whtle people should learn to calm the f down
@blongshanka77 you whtle people should learn to calm down
I make on the low end of the yearly pay of the average American. It’s definitely difficult to get by but you have to not spend money on a new car and don’t buy things for looks that you don’t need. Some of the ones I work around always have new cars I am pretty sure takes most of their paycheck and complain about being broke. They go out and buy coffee and all other things I tell them if they cut that one expense out how much they could save. Maybe it’s just me because I am fine with driving a old car that I bought used years ago and never go out to eat. I don’t want any of the things I find unnecessary and don’t care about someone judging my car. Don’t get me wrong I am trying to find a better job but I still have found a way to save money throughout my years. Housing has gotten out of control though. Ridiculously expensive.
Yes. All the extra money is going to unnecessary things just to impress others or make ourselves feel better
I understand a certain extent we should not have to cut out basic stuff thats the smallest to makes us happy.
@@MiracleTownes the things we consider basic is luxury to most of the world. That’s why all our businesses are doing their work with other countries. A ton cheaper on labor. I give those businesses as little of my money as possible. Getting almost impossible to do though. The heads of these companies make a ridiculous amount of money.
Keep at it, work as many hours as possible and buy a house. watch real estate videos every day and learn about house hacking. rent rooms to traveling nurses, etc. be steadfast....
How much is "on the low end of the yearly pay of the average American," just out of curiosity?
Our global economy is getting worse. Technology is changing the way we live.I worked for 36 yrs. I'm retired now, on a fixed income. Its difficult when your stock money is gone. Im living in Danbury, CT, and looking for senior housing , 55 and up. I have section 8
I think we all need to get off our arses and get into politics and truly shaping this world because the ppl at the top are running a muck
True. But key is same $ funding all sides (election donors, lobbyists …) incl for legislation at diff levels. Unless/until this to heal and mitigate division it’s a hard go.
You need money to get into politics, which is corporate endorsements.
The key isn’t politics because politicians are puppets the key is coming alive and realizing your here to do something and make life better, all it takes is realizing your in control of your life and you can choose how things play out it’s up to you how you wanna live,
Politics is scripted
@@jmc8076 yeah, but it shouldn’t be this way. Maybe it’s a case of abandoning politics altogether and going a different route.
We have way more poor people in the USA than we have millionaires.
Factz
It's been that way in every civilization in world history... I'm sure you can fix it though? How?
If everyone were a millionaire, one gallon of milk would cost $100.
In 1900 , USA, the percentage of "poor" was 56% while the percentage of millionaires was .000065%.... Using the same standards, today the "poor" is 11.5% and millionaires 7% with almost 2K new ones every day.... The last 120 years of capitalism have brought prosperity to the world never seen before... Any thoughts?
11.5% poor American's?? That doesn't make sense, where are you getting your numbers from? When over 3,000,000 people are unemployed and the ones who are working, are struggling to pay rent, taking more than half of their paychecks to have a roof over their head.. @@joec5544g
We need to. Go back to basics and simple life
Become Amish
I agree. It won’t solve systemic issues, but it helps a bit financially in my family that most things we have are second hand, I am cooking at home from scratch more, putting out a garden this year, etc. It won’t solve the world’s problems and I know I’m in a privileged position to be able to do that, but it helps a little.
There should no such thing as minium pay,minium pay equals minium living. Cut the pay from the top and pass it down so people can live.
The people at the top make the rules. Doubt they are going to cut their own pay
That isn't the stupidest thing I've ever heard but it's top 20...
Thats life . Life guarantees nothing . Nobody said the world ought to be equal
Gee that's so profound.
Wow, what a compelling philosophy. Socrates, John Locke and Bertrand Russell want to know your secret.
Life in a 1x2 meter Rabbit Hutch apartment?
I realized the writing was on the wall back in the early 2000s. I predicted things would follow a certain progression for me personally, a basic halving of wealth each decade. So that in 2000 if I had a car, by 2010 I'd have a motorcycle (which I did, a little 250), by 2020 I'd only be able to afford a bicycle, which indeed has turned out to be the case, and by 2030 I'd feel fortunate if I have a decent pair of shoes. That last prediction is not proven yet, but in preparation for it I do plan to leave next year for the area I grew up in, where shoes are not a dire necessity and the cost of living is lower than where I am now.
Well .... if you saw it coming WTF have you not done anything about it ?
Get a job bro !
Sounds like self fulfilling depressive thinking. Anhedonia with a touch of main character syndrome.
@@nodocs74 I HAVE a job and am saving half of each pay check. What are you doing, yourself?
@@pedclarkemobile Actually living where I grew up w/o a car and a big place compares favorably with having a having a nice car and a ritzy place in Southern California. I've done both. I prefer home.
@@alexcarter8807 you make out that there's only 2 paths to walk here.... Car & poverty or No car & less poverty.
In 2015 I bought a 7 year old car with 100k miles. Today in 2023 I drive a 15+ year old car with nearly 200k miles. Does that mean I've moved deeper I to poverty? Does my car ownership represent poor financial judgement and confused priorities?
Or is it just that I was fortunate in buying a reliable, economic, comfortable and (still) presentable car 8+ years ago? I will probably still have the same car for another few years if she keeps passing her annual MOT test and doesn't develop any expensive faults.
I have driven in at least 12 different countries this year alone, covering 20k miles in 12 months. My old car has got me to work countless times when I was commuting. When I moved to Russia for a year the old car carried all my possessions from Ireland to Russia (then brought me home again earlier this year), the car survived -25c tempeatures and handled snow up to 2ft deep (had to buy expensive winter tyres).
She passed her MOT when she got home and the trip computer said I averaged 56mpg since last MOT. She returns 65mpg when cruising at 65mph (UK Gallons are 5litre while US gallons are 3.8litres so mpg doesn't translate exactly).
I paid £4000 GBP 8 years ago and the car is worth £2000 today. Without the car I would not have been able to accept jobs that paid well but required commuting. From a purely economic viewpoint - that faithful old diesel Volvo has more than paid for her keep.
I drove from England to southern Spain for a month, this past October.
Corporations played a vip role in Thatherism and the biggest problem with the current economic model is the unequal distribution of resources and being available to some while the majority restraint from having access to those resources. When you do business, you realise it how you are treated differently by the system and how many resources are being provided to you.
We have to STOP Supply side economics if we want to even begin to repair, Ronald Regan’s famous trickle down economics is still practiced to this day and it has never benefited the lower classes, it never trickled down.
Only thing that has trickled down is sh_t.
In the early 2000's companies noticed that they have an endless supply of workers at their disposal. Plus companies have figured out that we need them more than they need us . That is the root of the problem
They got us into massive debt. That way they knew most people wouldn't be able take any action, because the workers are living paycheck to paycheck.
The more debt you are in, the more power they have over you and the more of a prisoner you are to the system that they created.
Companies will work you until you can't work no more. Workers are replaceable.
It's disgusting! How people at the bottom get treated and so many people to blame most importantly the government
they treat themselves badly. thats not my job to fix with taxes ?
Blame the rich. They are pulling tax money from the public right into their own pockets. They rip the government as well. Look at all the fraud committed by rich blokes or the many people who have gotten rich off government programs (medical especially) and retire at 40 to a foreign land. Wake up, it is the rich, not the government.
People at the bottom don’t want to work and come together. That’s the main problem. Its to much ego at the bottom
they have no thirst to pay boomer rents.@@deprivome938
@@deprivome938Please do your research thoroughly.
Almost 10 years ago, we know everything, we watch docus but nothing changed and will‼️
Single wide trailer on the river. Works for me
Hi ! I just read your comment ,may I ask how much your pad rental is? 🇨🇦🪶🫡
Financial education is so important alot of the times. But the education system doesn’t teach it for some reason. Sitting on cash is buy far the worst thing you can do over time, because inflation will just eat it away, making you poorer and poorer over time. The only reason why it matters now is because inflation was at 7 percent on average for the last 2 years so people got 15-20% poorer extremely quickly and EVERYONE IN THE WORLD feels it.
* by far (not buy far)
What is financial education? Just don't borrow money and save as much as you can.
School's are an adoctrination system for us to be slaves for ever.
Jews learn financials at home since kids...
If you are satisfied with what you have then you are rich.
I am. I have one used car I bought new. It's 14 years old. I live way below my means, I have two credit cards. One is paid off and the other I pay off at the end of the month. I am truly blessed that I am Yeah, I want to have the latest thing but in this economy, I rather save and buy cash.
If you never work on the true root cause but rather the symptoms you will ALWAYS suffer the same pain.
The land of the free and poverty for all...
The land of the FEE and poverty for all
To fix this takes debt free cycles. To create equity is to create an economic behavior where giving is a multi trillion dollar reality rather than taking
I use to think people in a western capitalist society only have themselves to blame. I did everything I was told to do to succeed in life. I didn’t have children out of wedlock, I completed a college degree, and got a six figure income. However all it would take is for me to have a serious injury or I lose my professional license and all I have could be wiped out. I make 3x more than my previous career but I feel more stress now because I fear of losing it. Easier when you have nothing and don’t have to worry about that since I had nothing to lose
Watched it for ten minutes can’t continue it’s just depressing as hell
THE FUTURE OF GENERATION X IS soylent green. "hey its people"
This was an excellent documentary!!! Very well done!!! Thanks for sharing....
NO.. Certain people will always be extremely rich and be born into that wealth by design.
80% of millionaires are self made.... Hmmm?
@david5544g self made as in a large portion of them got a loan from their parents? Large sums of money. Let's not kid ourselves. Self made is starting 1st job at Popeyes and becoming millionaire, not like hey mom can u loan me 300k?
@@bernardwatkins1759 I said what I meant quite clearly... Most came from very little.. They're just more creative, intelligent and work harder than than most, myself included.... End of story.
@@joec5544gyou might want to do a little more research, dig a little deeper on how they defined “self-made” you will come to find out that under that definition even ppl like Donald trump who received 1mill starter money from his father are considered “self made” kinda makes you think they altered the definition on purpose- just another way to trick the majority of the masses to be blinded to how difficult it actually is to break that poverty barrier or to actually be what you think self made is…it’s all a farce
It is getting worse. More homelessness most folks nowadays are living on the edge. Less people shopping and less events scraping by & not much to show for it
Homelessness - thanks to Fentanyl and mental health problems.
Wealth concentration is just as bad as 1928. And look what that led to in '29. Here we go again!
I think you might be putting the cart before the horse? Did the disparity cause the crash, or did the crash lessen the disparity? I don't know but always be careful when forming correlations and causations... Take care.
@@joec5544g @david5544g Wealth inequality was one of the primary causes of the stock market crash of 29. It's a known fact that when all the funds are concentrated in the hands of so few the whole system will collapse, because the money doesn't circulate enough to keep the economy going. Just before the crash, 90% of America's wealth was in the hands of only 13% of the population. See the 1971 Time-Life book "This Fabulous Century Vol 3: 1920-1930" for details. Take care.
I would just like to say that most of the "wealthier" people in this video are a little lost/bought into what wealth looks like. This is the difference between new money and old money. I promise you, really wealthy people drive older cars, dress average, etc. because they know their rich. No need to stick out for it. The psychologist has to dress well to be respected by his clients.... This is the mindset that keeps rich people poor.....
I agree
💯Facts! He’s insecure. People’s validation isn’t important. This is how you keep your money.
The psychologist is not very likable.
Je connais une personne a deux maisons, il s habillé comme un PAUVRE, ses vêtements déchirer coutures par ici par la. Il a une veille voiture voiture. Deux fois par en il fait son plein voiture, il fait tout à PIEDS
So your take on this is that the wealthy people should try to look poor, wear garbage clothes Made In China, Drive garbage 15 year old cars with 200,000 miles on it, all so they can blend in with the poor people that work at Walmart and K.F.C ?
I promise to old money does not live that way just to save a few lousy bucks. Because they want 7.5 million versus that pesky 7.3 Million 🤣🤷🏼♂️ 😂
Not how either Old Money and definitely New Money work that’s for sure.
If everyone stopped working they would be forced to listen. It's do able. People just don't care enough
They pay people to sleep. It's called hush money.
The richer get richer and the poor remain poor or get poorer!!
you really are out of touch with reality. @@Virtus555
@@Virtus555 Keep dreaming.
This is how the story goes.
I've felt that the world has been going downhill for a long time. When I was ten years old and in elementary school, we were often shown 16mm films as a kind of a treat in the gymnasium. One of these films dealt with population growth, Malthusian theory, and resource scarcity. It was a strange film to show us, but it stuck with me for nearly 50 years. At that tender age I realized that the quality of life my middle class grandparents enjoyed was going to be increasingly unobtainable for the majority of future generations. Technology is not the answer, as it requires resources that are uncommon and finite. Population control is the only answer but it is impossible to implement because the earlier generations depend on expanded future generations to foot the bill. It seems unsolvable.
Nature will solve it. Just give it time.
Wow, that was extremely well thought out, narrated and edited. Thank you.
Little Max not being able to make friends just breaks my ❤️… 😭 😭 😭
The way income equality works in USA is closer to: imagine a pizza with 10 slices and 100 people to share the pizza. 1 person gets 9 slices. 9 other people share the cheese portion of the remaining slice. The other 90 people fight over the crust from the 1 slice.
Capitalism is a parasite system forced down our throat by criminal wealthy class!
That why boss can't counted, and not you friend ever if they try
Wow, really well made doco. Thank you
What sickens me about the whole inequality issue is the super rich, the top 10% not paying their fair share of tax. They may work hard and create employment, but nonetheless, they are very privileged to be able to do what they do, and live the way they live! It's high time off shore tax havens were made a thing of the past!
You are incorrect. I'm one of those people and pay outrageous taxes. Some find a way not to but that is the exception not the rule. My taxes for this month were $40 thousand and that ain't fun. The rich pay the majority of taxes.
@landonbarretto4933 some might, but all rich people who own a business can claim back all the vat that they pay, and yet, ordinary working people can't do that. I'm referring to UK taxation here, not the US.
@@andrewhyde3146 - I agree that the "working people," as you refer to them have the deck stacked against them. But all the rich people I know, myself included started out with nothing so it can be done. There is definitely a large inequality that makes life very difficult for many people.
@landonbarretto4933 Yes, and that inequality between the average working people and the richest 10 per cent could be eradicated by abolishing tax breaks for the richest 10 per cent, such as stopping the complete refunding of vat payments.
@@andrewhyde3146 - well, in the states I'm in the top tax bracket so I don't have a tax break.
The New York Post reading Shrink sure has his priorities screwed up. He’s gone all in on the Rat Race
Corporations make mistakes (intentional), the government bails them out
Average American does the same, they are scolded and told to live within their means
People vote for that on both sides. We need a new political party.
Wow! That was really insightful and a really good documentary. Thank you
Matthew 7:15-20
“Beware of false prophets, who come to you in sheep’s clothing, but inwardly they are ravenous wolves. You will know them by their fruits. Do men gather grapes from thornbushes or figs from thistles? Even so, every good tree bears good fruit, but a bad tree bears bad fruit. A good tree cannot bear bad fruit, nor can a bad tree bear good fruit. Every tree that does not bear good fruit is cut down and thrown into the fire. Therefore by their fruits you will know them.
I'm I the ONLY ONE who noticed at 25:18 mark,what this lady says Just wow,tell me how you really feel.
Yeah, that was a bit ridiculous, maybe thats why her friends didnt want to visit her. 😂
Her normal looking blond blue eyed kids don’t have friends. Hmmmm
This why I try and watch “the big short” at least once a year. Nothing has changed!
Dude everyone is poorer already.
Honestly I’m glad I joined the military I just retired a year ago at the age of 37, with home, education & vehicles paid off. My best friend is a well paid engineer but he’s still buried in debt from college, home, cars etc… Seeing how things are going, I don’t regret joining. Seeing my peers, neighbors/friends/family struggling is all the proof I need.
Military is a life of discipline. Your life n money management is trained n theirs isn’t. While you we’re focused n living minimally the night of been wasteful n out of their means. Many ppl buy things to keep up with a life they were never trained to maintain.
Perhaps they were trained to consume beyond their means. I believe mandatory service should be a pillar of citizenry.
You need to broaden your circle bc I know plenty of people who didn't join the military who are doing very well. I know millionaires who never went to the military they were financially responsible.
@@eschaton2834I agree. Everyone should serve in some capacity. If they are able to contribute positively.
Recently I saw a video (with Jordan Peterson) about IQ where he said about 10% of the population has an IQ below 83 and the United States Army had a regulation that it cannot draft anyone with an IQ below 83 because they cannot be taught to be productive. So if ten percent cannot be productive, they shouldn’t be forced to serve. They would do more harm than good.
Unfortunately people are consumers and they think buying more things means a better and happy life. The reality is so far from this assumption.
The economic contraction is inevitable. For two main reasons. First, all the gains we scored after WW2 (primarily, becoming the world reserve currency & being the only industrialized nation NOT devastated by the war) are declining. We had 50% of the world's GDP and that has shrunk to like 23%. This was inevitable as the rest of the world rebuilt. Second, we didn't tax the elite enough, allowing them to control both parties. And the policies, like NAFTA, that they lobbied for, accelerated the destruction of the American middle-class. It was always inevitable that our economic power would contract as the world rebuilt and the 3rd world developed. But allowing the greedy elite to accelerate our demise has made things worse.
I listened to radio 4 in UK in 2005. It stated trickle down economics was not working. 20 years on they don't care to change it. It works for the 1%
It's more like a huge pyramid scheme!!!
The politicians will talk about the wealth disparity yet they will do nothing about it.😮
Being poor is a mindset. Being rich is a mindset. I have had 18+ millionaires in my family across each side over the last 100 years. THere's always a way to make money.
When a regimine pushes sin to be normal is a BIG sign of a collapse 😮
That’s the real problem! 🎯
And the soundtrack was perfect. The real question is , when will the public stop forgetting and giving a pass to these people? The fact that we are all living in survival mode should have the majority of people livid. It seems like we have let ourselves be lulled into a false sense of security. Like George Carlin said, "it's the American DREAM, because you have to be asleep to believe it."
We are already getting poorer and poorer every year.
This is a special documentary!
I can’t even afford to pay attention
🤣🤣🤣
Hip-hop been literally saying this for 40 years lol
Everyone has been saying this for a hundred years
Yup
Hip-hop is part of the problem. Kids look up to hip hop guys, doin drugs and gang banging. Make fun of the ki who studies, works hard and respects his elders.
@@daweller and the pursuit of material things..garbage music and culture.
Early hip hop wasnt about this shit.
That 70 year old man proud of himself for having a 3 year old kid is creating the problem. He’s not helping. He’s icky.
One way to save money and also get back at the greedy rich is if it’s a labor type company like plumbing,construction,hvac just go behind the owners back and talk and pay the employee to work on what u need done on there time off and pay them well. Another is don’t deal with realities just go straight to the home owner it’s not that hard to just hire a lawyer to do the sell cut the realitor out. They are money hungry vultures anyway.
Greed and Power needs to be declared a mental illness and we need to respond to that illness.
self interest and striving to give your wife/kids a better life is a mental illness? i mean you really need to thing before you type
@@bluecollarscrooge3981You have the right to improve your life and your family but not at the expense or misery of others!
Being poor is often contributed by the poor-men mentality to keep up with the Jones and the sense of entitlement to always have their wants satisfied.
I think keeping up woth the Jones is a white person problem.
"single digit millionaire is the new middle class."
That's what economists are saying.
The first million is always the hardest.
Money flows from the bottom up
I have lived in both worlds. I'll take the poor side. Real people real connections and you don't have to prove anything to anyone. Superficiality and chasing the look and buck is a waste of time and energy. I enjoy my life, I know my neighbors, and we all help each other. The rich area people are just flat out jerks. They are just keeping up with each other and are superficial. I don't relate to it. I didn't when I was raised in it. I hated the way people treated anyone different or "lesser than" Americas rich is living in La La land. I'll stay with the rooted real people. I make plenty of money and it doesn't rule my life. Rich lifestyle is an addiction that controls you. I see it. I'll pass. They might not be addicted to drugs but they are slaves to the look the fashion the superficiality. They are in service to the self. They worship money and themselves.
Agree. I think it's a mental illness.
Being humble and being poor are to different concepts. Why can’t you be rich and be humble? Humble is a mentality. I would rather be rich and live in a nice neighborhood than worry about someone breaking into my house if you live in the ghetto.
We are already there
The public does forget because they have to. There is only so much striking and rocking the boat you can do before you are starving. It’s sad 😢
Look at Covid. That was our sign to take a stand for pay. We run this country. No us, no wheel spinning.
Best documentary I've watched in a long time.
25 million govt workers costs how much?
In 1999 I was in high school and my single mother rented a house in a soon to become famous beach town. It sold for 300k but we could not afford it so we moved. In 2014 , 15 years later it was listed at 3.5 million meanwhile we purchased 22 acres in the middle of nowhere, mountains and forest, and nothing conveniently located. Now 10 years later I inherited about 2/3 of the loan left to pay off and the value is maybe 40-60k more..
The government isn't at fault, nor can they fix this. This is one of the signs of an ending nation.
All of us have already had to trim back lifestyle spending and the most common comment I see from all types of people making very different levels of income is this: *we can't afford anything except the basics and the essentials*. The inflation is permanent. The interest rates may drop a couple of points next year but prices will probably not drop much....
God created rich and poor. It's enough resources for everybody. However too many greedy people.
You know that it’s nonsense. Adam and Eve didn’t work at McDonalds to pay for their apples. They got it for free. How you call it? Freeloading? This is what God created.
God didn't create poverty nor affluence. Human greed did.
This documentary reminds me of the wrong track humanity is. The things people do to feel respected, appreciated is insane. Fake it untill you make it and end up with more fakeness. Just to fit in. How much of yourself can one loose.
It shocks me more the ignorance of commentators, some of whom who condone busy bodies and who disrespect an individual’s privacy.
it is money mechanics. if the game IS monopoly you will always have winners and losers. the game needs to change. the rules of money need to change.
So thankful I live in Denmark. So different to the documentary here. It’s great here 😊High taxes, high wages, great healthcare and education for everyone and low crime and low unemployment. Great paid maternity leave and subsidised quality childcare. 6 weeks fully paid holiday.No real worries at all. Even weather is good, not too hot 😊