"Poverty, by America": Author Matthew Desmond on How U.S. Punishes the Poor & Rewards the Wealthy

Поділитися
Вставка
  • Опубліковано 1 чер 2024
  • A new study published in the Journal of the American Medical Association finds that poverty is the fourth-greatest cause of death in the United States. Roughly 500 people die from poverty in the U.S. every day. Our guest, sociologist Matthew Desmond, is the author of the new book, Poverty, by America_, the follow-up to his Pulitzer Prize-winning book _Evicted: Poverty and Profit in the American City. "There's so much poverty in America, not in spite of our wealth, but because of it," says Desmond in an in-depth interview.
    Transcript: www.democracynow.org/2023/4/1...
    Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at democracynow.org Mondays to Fridays 8-9 a.m. ET.
    Support independent media: democracynow.org/donate
    Subscribe to our Daily Email Digest: democracynow.org/subscribe
    #DemocracyNow

КОМЕНТАРІ • 3,3 тис.

  • @jamesharrison6569
    @jamesharrison6569 Рік тому +804

    This is scary. Rich people pay politicians to make sure they get access to taxpayer funds first when banks shutter or they're in jeopardy of losing all their money. I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.

    • @jamesgeorge5896
      @jamesgeorge5896 Рік тому

      Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

    • @jamesgeorge5896
      @jamesgeorge5896 Рік тому

      @Sandra Beckham SOFIA ERAILDA SEMA

    • @jamesgeorge5896
      @jamesgeorge5896 Рік тому

      That's my licensed Financial advisor you can easily look her up, Thank me later!

    • @serenasmith2859
      @serenasmith2859 Рік тому +1

      @@jamesgeorge5896 haha, You know Sofia Erailda Sema? crazy! I appreciate every single second of the six month I worked with her. She is such an amazing woman, patient and down to earth teacher my next monetary goal is leverage trading and I'll be starting with Sofia’s strategy! i have heard many positive reviews from my Co-workers since the recent dumps.

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      Please tell how do become a ceo and what there typical work schedule is like or your lying

  • @redlaur
    @redlaur Рік тому +547

    Poverty isn't that we can't feed the Poor !! It's because we can't satisfy the Rich !!!

    • @NoOneIsHome
      @NoOneIsHome Рік тому +19

    • @sandrajones1609
      @sandrajones1609 Рік тому +19

      You said it!

    • @GGT950
      @GGT950 Рік тому +13

      ✅✅✅

    • @chinavaughan6383
      @chinavaughan6383 Рік тому +18

      Well said!😡

    • @slass6530
      @slass6530 Рік тому

      Poverty is because we're feeding Americans drugs coming through our borders and teaching them to live off the government. We have more addicts/alcoholics on our streets than ever before, exponentially. Then we tell everyone that America is too expensive to live in so live off the government. NO ONE, IS WILLING TO WORK HARD ANYMORE . Americans are the weakest humans on this planet. Stop whining and everyone go back to work to support your damn families!! Become home of the brave and land of the free again. We've lost all honor in what it means to live in this beautiful country.

  • @kittykat--
    @kittykat-- Рік тому +14

    "I want a country that does a lot more to fight poverty, than it does to guard fortunes" -Matthew Desmond, Sociologist and Author of "Evicted". Bravo sir, bravo 👏👏❤❤👏👏❤❤👏

  • @edward.abraham
    @edward.abraham 8 місяців тому +142

    Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

    • @Believer292
      @Believer292 8 місяців тому +2

      To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.

    • @hunter-bourke21
      @hunter-bourke21 8 місяців тому +1

      I truly enjoy having a portfolio coach to help me make market judgments on a daily basis. They possess a special combination of abilities that enable them to take both long and short positions, benefiting from the possibility of significant gains while also safeguarding against downward turns. I have had a portfolio coach for more than two years and throughout that time I've actually earned over $645k. It was a wonderful experience!

    • @james.atkins88
      @james.atkins88 8 місяців тому +1

      @@hunter-bourke21 I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

    • @hunter-bourke21
      @hunter-bourke21 8 місяців тому +1

      My financial advisor, ''Mary Onita Wier, is a highly qualified and experienced professional in the financial market. She possesses a broad understanding of portfolio diversification and is recognized as an expert in this field.

    • @james.atkins88
      @james.atkins88 8 місяців тому +1

      Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

  • @gregorynuttall
    @gregorynuttall Рік тому +194

    "The Paradise of the rich is made out of the Hell of the poor"

    • @bibekjung7404
      @bibekjung7404 Рік тому

      ALMIGHTY KAVEEER God 🙏🙏

    • @hopeking3588
      @hopeking3588 Рік тому

      Its in the bible too.its says says that the rich exploit the poor i forgot where it is ar but its in there. Whoa to you who exploit the poor says God!

    • @HerrschmannNachmann
      @HerrschmannNachmann Рік тому

      ... but only one half of it ...
      the rest is made out of the hell of the rich...
      ... you really should go and see a doctor, if you are a rich sucker enjoying the situation and declare this hellhole to be the paradise..."

    • @djondjon
      @djondjon Рік тому +4

      Exactly! 😢

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      You are a liar the too five percent pay over half the federal taxes and get next to nothing in return on the other hand middle class recurve more ss and medicare than they pay in the poor recieve free healthcare cash assistance food assistance and more

  • @dianahill5116
    @dianahill5116 Рік тому +244

    Congressman McCarthy needs to be evicted from being in government.

    • @first-gordonchang9510
      @first-gordonchang9510 Рік тому

      Evict McCarthy to Taiwan to worry about the Chinese invade Taiwan and sent all congressmen to Ukraine fight the Russian.

    • @d.virgallito3490
      @d.virgallito3490 Рік тому +5

    • @brucelee5576
      @brucelee5576 Рік тому +6

      Yo mama.

    • @jeffdorsey3030
      @jeffdorsey3030 Рік тому

      @@brucelee5576 fake Profile.Stupid response.

    • @netherportals
      @netherportals Рік тому +4

      Buddy has never walked so far his feet swell up and it shows.

  • @Gladys_smith
    @Gladys_smith Рік тому +16

    Two years ago nobody could predict the dollar conditions we’re witnessing today. The u.s continue to double down on the same mistake that brought the dollar where it is. Therefore, no guarantee that the grass of the dollar would not be faster than it’s envisaged

    • @-Pamela
      @-Pamela Рік тому

      Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks you most devise a strategy for survival.

    • @luis-gabriel1
      @luis-gabriel1 Рік тому

      These are the conditions in which life-changing money is made by those who remain calm , patients, and take controlled risks. Volatility goes both ways, the bigger the red candles, the bigger the green ones.

    • @linsey.
      @linsey. Рік тому

      @William Kugler It’s a good time to buy and basically I’ve just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time high, who is the coach that guides you, mind i look them up.

    • @linsey.
      @linsey. Рік тому

      @William Kugler Thank you for this tip, it was easy to find your advisor. I conducted a thorough research on his credentials before messaging him. Base on his resume, he appears to possess a high level of proficiency and i am grateful for this opportunity! Thanks once again.

    • @crimestoppers1877
      @crimestoppers1877 4 дні тому

      IMHO don't use dollars.

  • @aarondaniels5525
    @aarondaniels5525 Рік тому +430

    I'm not even kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.

    • @josephhughes9583
      @josephhughes9583 Рік тому

      I cannot focus on the long run when I should be retiring in 4years, you see l've got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/ unstable market doesn't provide any calculated risk opportunities to make profit?

    • @rebeccamoore8366
      @rebeccamoore8366 Рік тому

      There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

    • @donalddavis4387
      @donalddavis4387 Рік тому

      I totally agree, I have been consistent with my profit regardless of the market conditions, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a popular forum, long story short, its been years now and I've gained over $850k following guidance from my investment adviser.

    • @cooperhayes7055
      @cooperhayes7055 Рік тому

      I've been down a ton, I only hold so that I can recover, I really need help, who is this investment-adviser that guides you

    • @donalddavis4387
      @donalddavis4387 Рік тому

      If that is the case, it would be an innovative suggestion to look out for Financial Advisors like Olivia Maria Lucas who can help shape up your portfolio.
      Trying times are ahead, and good personal financial management will be vital to weather the storm.

  • @terriej123
    @terriej123 Рік тому +146

    “I want a country that does a lot more to fight poverty than to guard fortunes”. Here here!

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому +1

      Why

    • @IntelligentArtefact
      @IntelligentArtefact Рік тому +3

      Where's the Democrat that will DO that.

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      Why do you think your entitled to someone' else's labor republicans party of Lincoln democrats party of Bernie Sanders

    • @mrmakeshft
      @mrmakeshft Рік тому

      Prolife looks good here

    • @mrmakeshft
      @mrmakeshft Рік тому +4

      @@fritzforsthoefel8031 America was made with the choice of not being controlled into fear

  • @laurab9867
    @laurab9867 Рік тому +92

    This is REAL and totally outrageous!! The wealth inequality in the US is disgusting. Those who never experienced poverty have NO CLUE what low-income people go through. THANK YOU, Democracy Today!

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      The wealth inequality exist because of democrat handouts allow people to have resources without takeing skilled labor you can drop out of school get a low skilled job and get subsidized housing food assistance and free healthcare and then blame the orthopedic surgeon who after going to college maney years and working long hours for earning 400000 a year

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      There are skilled good paying jobs why live in poverty are you a bum

    • @jagodah1130
      @jagodah1130 Рік тому +1

      🤣🤣🤣🤣🤣

    • @sourpatchkid394
      @sourpatchkid394 Рік тому +2

      If you want to start a business and get ahead, you almost have to be connected / rich already to get ahead. It’s horrible. They make it so hard with so much bureaucracy. You are right. I think we need to have more jobs. Besides cheap labor and more jobs for everyone. Some states the biggest jobs are from Walmart. It’s depressing

    • @flexaeterna
      @flexaeterna Рік тому +1

      The wealth inequality across the world is disgusting. Not just US

  • @terriwinkle9366
    @terriwinkle9366 Рік тому +14

    People are often referred/connected to a program, only to be denied benefits supposedly available through that program. Poverty threshold 2022 was $3k per month. Meanwhile, income limits for many programs hover around $1k - $1.5k per month, unless there is a minor child in the home. ~ Thank you for this most informative, lay-person-friendly explanation. I will be sharing and hoping people will listen...All the best

    • @bluewaters3100
      @bluewaters3100 Рік тому +2

      My sister makes $20.00 more than the cutoff for medicaid so even though she can't work and needs medical help they won't give it to her. It just makes me mad. She is on SSI.

    • @scifirealism5943
      @scifirealism5943 11 місяців тому

      ​@bluewaters3100 that's messed up

    • @scifirealism5943
      @scifirealism5943 11 місяців тому +1

      ​@bluewaters3100 the reason politicians restrict welfare is because poor people won't work for slave wages if they have government benefits.

    • @mactastic144
      @mactastic144 5 місяців тому

      @@scifirealism5943 You weren't paying attention to what Matthew Desmond said. It's not only about income - it's about opportunity (choice).

    • @scifirealism5943
      @scifirealism5943 5 місяців тому

      @mactastic144 freedom. Yes. Which politicians don't want poor people to have.

  • @Lyn_Marie_
    @Lyn_Marie_ Рік тому +2

    Mathew Desmond, I applaud you, and thank you. Your Book will be next in line on my reading list. Thank you for your compassion and empathy.

  • @laurieauld7687
    @laurieauld7687 Рік тому +48

    Homelessness = Trauma/PTSD

    • @tmnt10000
      @tmnt10000 Рік тому

      Not necessarily.

    • @tanyalake9152
      @tanyalake9152 Рік тому

      @Tee Cee - You are insane. You are still brainwashed to believe in so-called christianity/politics. Oh. The irony, hypocrisy, lies, and manipulations.

    • @davidanderson5245
      @davidanderson5245 Рік тому +1

      Hello dear, how are you doing today?

    • @laurieauld7687
      @laurieauld7687 Рік тому

      @@davidanderson5245 ✊

    • @davidanderson5245
      @davidanderson5245 Рік тому +1

      @@laurieauld7687 how are you doing today?

  • @MicsteriousA1
    @MicsteriousA1 Рік тому +26

    This man is using his education for good, not for evil!! Thank you!! Mic'2023

  • @mlg4035
    @mlg4035 Рік тому +2

    Matthew Desmond, f*cking brilliant, man! You NAILED it!! Poverty is not inevitable, IT IS A CHOICE America makes to guard the fortunes of the wealthy at the expense (literally!!) of the poor. I'm buying your book today to learn more...

  • @joshmartin125
    @joshmartin125 10 днів тому

    Matthew Desmond, thank you for this wonderful interview and your literary contributions about US poverty. Well done!

  • @jimmcloughlin
    @jimmcloughlin Рік тому +70

    Friendly old Brit: I was puzzled when he was introduced as a Professor of Eviction, but was totally impressed by his intelligent lucidity and explanation of the nuts and bolts of life. I feel Unions were the key to poverty avoidance but Reagan dismantled them as did Thatcher in UK.

    • @Markdfadf
      @Markdfadf Рік тому

      Reagan didn't dismantle any unions.he should have ended public sector unions as they are bloodsuckers but they still exist and everyone else pays for their largesse.

    • @junglecat_rant
      @junglecat_rant Рік тому +2

      It's the people and the workers who can reestablish unions. No one will do the work for you. Organize and unionize.

    • @learnhowtouseessentialoils3704
      @learnhowtouseessentialoils3704 Рік тому +3

      Yes Reagan did much to our system which affected my generation in the 80’s when we went to purchase homes our interest rates were at 15% and much more with the airlines and the stock market that have had widespread consequences on our economy. This professor of eviction has some good solutions

    • @Markdfadf
      @Markdfadf Рік тому +2

      @@learnhowtouseessentialoils3704 ummm . What? Interest rates were high because of entrenched inflation. Volcker did what was necessary to end inflation. And Reagan courageously took the political hit because ending high inflation was the right thing to do. It was the single best thing any modern president has done. I have no idea what you tried to say about the stock market.

    • @donaldgraham6414
      @donaldgraham6414 Рік тому

      Unions create poverty.

  • @boombot934
    @boombot934 Рік тому +142

    Free Public housing - basic human right!
    Free Public healthcare - basic human right!
    Free Public Higher Education - basic human right!
    Free Public Transportation - basic human right!
    People🙏❤ wake up, demand change! 😢

    • @ZMSportsnShorts
      @ZMSportsnShorts Рік тому +13

      Nothing is free.

    • @anniethenonnymouse
      @anniethenonnymouse Рік тому +34

      @@ZMSportsnShorts that's what taxes are for. Paying for things to benefit the citizens.

    • @anniethenonnymouse
      @anniethenonnymouse Рік тому +11

      @@first-gordonchang9510 Found the TROLL. ☝

    • @chancefoxhauck475
      @chancefoxhauck475 Рік тому +1

      Welfare rights are the government job to uphold. Liberty rights are in the hands of the people 🙌

    • @durkdiggler4346
      @durkdiggler4346 Рік тому +5

      Lol what free?!

  • @trazzpalmer3199
    @trazzpalmer3199 Рік тому +388

    I'll definitely miss Tucker on fox news. Though “There’s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets. In my portfolio, I'm noticing more red than green. How are other people in this market raking in over $350k gains within months.

    • @zoeytank2921
      @zoeytank2921 Рік тому

      You might follow a lot of intriguing stocks in many industries. I'll advise you to work with a financial advisor who can assist you decide when is the best to buy and sell the shares or ETFs you want to acquire since you don't have to act on every forecast.

    • @mcginnnavraj4201
      @mcginnnavraj4201 Рік тому

      @@zoeytank2921 True. Since I lack the knowledge and endurance to deal with these ongoing market conditions, I've been contacting an advisor for a while. I generated more than $220,000 throughout this recession, demonstrating that there are more market factors at play than the average individual is aware of. Working with a financial advisor is now the best line of action, especially for those who are close to retiring.

    • @graceocean8323
      @graceocean8323 Рік тому

      @@mcginnnavraj4201 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

    • @mcginnnavraj4201
      @mcginnnavraj4201 Рік тому

      @@graceocean8323 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

    • @hannahdonald9071
      @hannahdonald9071 Рік тому

      I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

  • @goodnatureart
    @goodnatureart 11 місяців тому +2

    One of the most important books I've read in America. Poverty by America Matthew Desmond hits a nerve on how profitable poverty is in the US

  • @cheri238
    @cheri238 Рік тому +31

    Good, morning Amy, Juan and team Democracy Now. Thank you for having Professor Matthew Desmond on.

    • @sandrajones1609
      @sandrajones1609 Рік тому +2

      Invocative and uplifting... the only constant is change and BIG change means BIG improvement is possible 🤭

    • @davidanderson5245
      @davidanderson5245 Рік тому

      Hello Cheri, how are you doing today?

  • @captainwin6333
    @captainwin6333 Рік тому +19

    The richest country in the world but it's a country with the meanest heart.

  • @bubbercakes528
    @bubbercakes528 Рік тому +9

    I used to be upper middle class but succumbed to bipolar issues 36 years ago. There are many things which have been denied me because I own my home although if it were not for my ex-wife I would lose everything. The mentally ill are ignored because they are no considered handicapped. I also do not go after some welfare benefits because I feel ashamed. 😢

    • @dylanmaxey2531
      @dylanmaxey2531 Рік тому +1

      Amen, bipolar unable to work after age 33 even though I tried. Took almost 3 years to get SSD. IN that time my student loans went into default since I could not work. Garnished my SSD for 13 years on what was originally a$4000 principle. Ended paying from garnishment over $23,000!! Could not go to college and retrain, survival living wears you down and kills your soul.

    • @bluewaters3100
      @bluewaters3100 Рік тому

      @@dylanmaxey2531 That is really sad. Interest rates on everything are what is making people poor. Many blessings!

    • @jo9732
      @jo9732 Рік тому +1

      Done feel ashamed. Take the money. Rich people and corporations take the handouts and you don’t see them ashamed. And they don’t even need it. Tell me again how much government money Exxon gets every year? Exactly. No shame. You do what you and your family need. Uncle sugar can just MAKE money so don’t stress it.

  • @marycollins8215
    @marycollins8215 Рік тому +2

    Thank you. This guest has written an important book.

  • @mindyrosin
    @mindyrosin Рік тому +41

    Wow! Our government should be so ashamed! I am disgusted to my core.

    • @davidanderson5245
      @davidanderson5245 Рік тому

      Hello Mindy,how are you doing today?

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      You won't pay enough taxes to fund helping the poor shouldn't the disgust be with yourself

    • @mindyrosin
      @mindyrosin Рік тому

      @@fritzforsthoefel8031 I pay more than the unscrupulous rich folks and corporations that get more government assistance from the tax funds than the poorest people in the US. The system needs to be corrected.

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      You lie proof of that look at the general accounting office numbers it tells who pays what the too five percent pay over half the federal taxes and get next to nothing in return

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      You do not pay enough taxes to cover our current deficit spending and you want more our children will be left with a bankrupt shell of a nation because of democrat handouts

  • @truthbetold4178
    @truthbetold4178 Рік тому +40

    👏 Brilliant voice. Thank you, Professor Desmond. Thank you, Democracy NOW.
    America, let's start a movement... NOW! ✊

    • @enzoh7763
      @enzoh7763 Рік тому +3

      Brilliant voice indeed .
      When i heard Amy narrate from prof desmond a line,
      that strike me hard ,
      Brought tears flowing immediately.
      My grandfather,
      a peasant. among peassnts ,
      (thats not hyperbole) ,
      who i nevet met, said this to his 3 young son , my father was the youngest .
      Trsnslating to english,
      THE POOR ALWAYS PAY MORE and EAT the MOST. EXPENSIVE. low. Quality. RICE , just to put a little food into the stomach to stave off starvation.
      1 meal a day is the norm .
      That is poor ,
      And they aren't just farmers, they take piece-meal jobs home to earn a bit of extra money .
      -
      Didn't understand it when i was very young then, but by mid teen, i understand it FULLY , on why , , why my father and uncles are quite frugal on msny things . I appreciate FRUGAL then, till now .

    • @sandrajones1609
      @sandrajones1609 Рік тому +1

      I am here.

  • @LauraVolpintesta
    @LauraVolpintesta Рік тому +17

    Thanks for this I’m so angry about my college teaching career turning into a crappy, insecure, precarious and low paying gig.

    • @bluewaters3100
      @bluewaters3100 Рік тому +2

      My daughter was a teacher for a few yaers before having her kids. I sat in and helped sometimes. It is a very stressful job and underpaid. She homeschools her kids now. Her husband works at home and they live very frugally. They were lucky to have bought a reasonally priced house back in 2009. Otherwise I don't know how they would make it now with rents and houses being so high. But remember...teachers are important in the lives of children. There are so many weird ones out there now and it concerns me.

    • @asruluveira
      @asruluveira Рік тому

      if you vote for republican I feel sorry for u. If you vote for Biden and democrats. I just wanna lol and then ROFL at u

  • @admirosmani3765
    @admirosmani3765 Рік тому +3

    What a sharp and accurate analysis made by the professor

  • @rigil5477
    @rigil5477 Рік тому +28

    @06:47. Matthew Desmond: "One of the obstacles is that we do a very bad job connecting families to the programs they need and deserve. Sometimes, we literally just don't spend the money on fighting poverty. So, if you look at a program like the Temporary Assistance For Needy Families program, or TANF, this is cash welfare. For every dollar budgeted for TANF, only 22¢ ends up in the family's pocket. What's going on here? Well, states have ALOT OF DISCRETION ABOUT HOW TO SPEND THE MONEY. They spend it in really creative ways. Some states use those dollars to fund christian summer camps for absteinance-only education, marriage-initiatives. Things that have NOTHING TO DO WITH ALLEVIATING POVERTY. Many states don't even spend the money. Last time I checked, Tennessee was sitting on over $700 million on UNSPENT WELFARE DOLLARS." (emphasis added)

    • @tschorsch
      @tschorsch Рік тому

      Red states generally steal from the poor, and they're welfare states that can't actually meet their budget and need subsidies from blue states.

    • @grmpEqweer
      @grmpEqweer Рік тому +3

      Yup. Remember, those in power find the cruelty both useful and fun.

    • @Dtella55
      @Dtella55 Рік тому +3

      💯💯🎯

    • @JacquelineHoman
      @JacquelineHoman Рік тому +1

      That's due to the Welfare Reform Act of 1996 converting AFDC into TANF and turning welfare aid for the poor into block grants to the states with financial incentives from the federal government to states that reduced the number of poor on their welfare rolls. Additionally, the redirection of cash welfare aid from being directly paid to the poor to being paid to states in the form of block grants also came with a no-strings-attached policy as far as how the states chose to spend the money. They were free to NOT use any of it to help the poor and instead use it as they saw fit for their own agendas, including programs that "teach marriage" to poor single mothers as an anti-poverty measure. So we can all thank the legislative architects of the Welfare Reform Act of 1996 for this boondoggle-as well as all the selfish, vicious mean-spirited voters who clamored for it and voted for the politicians who campaigned on it, and who've continued to support the agenda of callous far-Right politicians up through today who campaign on promises to keep hurting the poor in order to give the privileged and the lucky and comfortably off even more.

    • @elizalee1214
      @elizalee1214 Рік тому

      That's definitely related to corruption.

  • @neemz9361
    @neemz9361 Рік тому +62

    In Mississippi welfare money is embezzled by and for the wealthy while denying 90% of welfare applicants

  • @Bradleyschaeffer376
    @Bradleyschaeffer376 Рік тому +376

    __These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Gregory Thomas Patchak. Passive income is mandatory for building long term wealth.

    • @Bradleyschaeffer376
      @Bradleyschaeffer376 Рік тому

      Search his full name online you will find his webpage,drop a msg

    • @AnnaKrueger809
      @AnnaKrueger809 Рік тому

      Sir Gregory Thomas Patchak is great at his skill for a while now he has been my advisor and I make good profits weekly

    • @bruces4515
      @bruces4515 Рік тому +1

      Send $100 dollars and you can be rich overnight too.

    • @kateskeys
      @kateskeys Рік тому +2

      This is an advertisement

    • @crimestoppers1877
      @crimestoppers1877 4 дні тому

      My advice is you can earn more money by not spending what little you have. Most of my increase is assets is via passive strategies. I do not like cash, income or anything that smells like employment.

  • @Lyssabelyt23
    @Lyssabelyt23 Рік тому

    I greatly appreciate you Democracy Now! Amy Goodman you’re awesome! Omg Matthew Desmond you are a true 💎 of a human being!!!

  • @Parasatchitananda
    @Parasatchitananda Рік тому +133

    "I want a country that does a lot more to fight poverty than it does to guard fortunes." Yes.

    • @mamacryright5740
      @mamacryright5740 Рік тому +1

      China socialism with Chinese characteristics govern

    • @derektomlinson6514
      @derektomlinson6514 Рік тому

      Stop the spending on US war machine world wide and spend the money building the US to its former self, the war machine only enriches the elite globalists and not the people of the US. You want real change teach your children that.

    • @lynettedundon1410
      @lynettedundon1410 Рік тому +1

      👍

    • @kenbowser5622
      @kenbowser5622 Рік тому +1

      I like that comment

    • @Markdfadf
      @Markdfadf Рік тому +3

      I want a country that protects property rights and doesn't steal from people, which results in the greatest prosperity for the greatest number of people.

  • @gracerichards592
    @gracerichards592 Рік тому +54

    Most people don't take these benefits because the mental stress they had go through just to got it they rather not and just go to the food banks...

    • @anntrope491
      @anntrope491 Рік тому +9

      Spot on !!

    • @IMeMineWho
      @IMeMineWho Рік тому +8

      MediCal and MediCare as well.

    • @Dtella55
      @Dtella55 Рік тому +1

      💯💯🎯 and the food banks give you food that's unhealthy and expired been there when I got sick and was almost homeless...

    • @joseayala2940
      @joseayala2940 Рік тому +3

      We have to get rid of Means testings policies.

    • @inthevault9603
      @inthevault9603 Рік тому +1

      Once I went on welfare for less than a year and they made me feel 1) I had no business asking for help bc I was well educated (BA), 2) I had no right to own a vehicle ( it was a ‘78 truck!) and 3) I’m white (which I was the only Caucasian in the welfare office that day!) They humiliate you. It was an awful experience and my mom begged me not to go down to that office. But I’m glad I went bc it allowed me how discriminatory the welfare system is. And how they only want certain ppl in the system. IMO. Btw I started my teaching career less than a year after having my daughter. That was almost 24 years ago.

  • @mercy3219
    @mercy3219 Рік тому +2

    When I married, we converted my condo to a rental. We maintained an affordable rent, lower than others in the neighborhood, and didn't increase rents until our tenants moved. Over 30 years, we had only 2 of the 8 tenants did not leave the place in a state where we didn't have to spend thousands on repairs and cleaning. The last tenants cost us $25K in damages. "It's a rental" was the attitude. We live in the Bay Area (CA) -- we were done! So, now the person buying our unit increased the rents by 75%. Teaching people how to treat other people's belongings would go a long way in growing good landlords as well as good renters.

    • @HerMajesty1
      @HerMajesty1 Рік тому

      This is why I didn't invest in rental properties. My ex had one, they never paid the rent and when he finally got them evicted, they had completed destroyed the property. Took everything, cabinets, toilets, copper, and then wiped poo all over the walls and floors.

    • @mercy3219
      @mercy3219 11 місяців тому +1

      @@HerMajesty1 I'm so sorry that happened to you! Even with professional screeners (we have a professional management company doing it), you can still get a "unfit" renter. The last one we had worked, was in his late 40s-early 50s, had been a renter his whole life, but! Mommy had always paid the rent (and cleaned up his messes). When that type of thing happens and you meet the person who presents themselves well (at least once😉), it is difficult to filter.
      The people you had were not only unfit, they were vengeful. The only thing I can say about vengeful people is they tend to attract other vengeful people. That's fine because they will eventually meet someone who has mastered the game of revenge! And, you may guess what happens next!

  • @harbinger6562
    @harbinger6562 Рік тому

    Thanks Democracy Now1❤🙏🏻

  • @boombot934
    @boombot934 Рік тому +18

    Thank❤🌹🙏 you, Democracy Now team and Matthew Desmond, for reminding us that we need to demand CHANGE!..😢

  • @AMYV3
    @AMYV3 Рік тому +81

    Here in Canada. We’ve had child tax benefits Baby bonus for years. My twin sons are 32 and I received it for them. And my daughter she’s 18 it just ended. You get around $600 on the 20th of each month. An extra $100 for children under 6. And if your child is disabled they add another $250. Until 18. Everyone gets it. That makes around $75,000 a year less at that point and goes down from there. That has nothing to do with welfare or disability that’s separate.

    • @whygohome172
      @whygohome172 Рік тому +23

      You just made republican's heads explode!

    • @helpanimals-
      @helpanimals- Рік тому

      maybe stop having kids if you can't afford them. We have an overpopulation anyway, like twin boys weren't enough for you?

    • @grmpEqweer
      @grmpEqweer Рік тому

      A certain amount of people here would not vote for that, because black and brown people would get it too. Even if the majority of people who would recieve it would be white.🤬

    • @generationofswine-ge5rw
      @generationofswine-ge5rw Рік тому +13

      Here in Canada, the social safety net in every province has been deliberately made dysfunctional, making homelessness an ongoing crisis in cities, just like in America. We never had homelessness like this prior to 1995 in Ontario. Conservative Mike Harris ran for premier on the promise to "kick those lazy bums off welfare." He cut welfare benefits by 25% and mass evictions and homelessness was the predicted result. The cost of having homelessness is in the billions per year, since "charities" that run soup kitchens and shelters are booming, and the costs are exponentially more than any supposed savings from the cuts, which BTW didn't affect the budget for social assistance at all. It was the beginning of right wing politicians running for office not on a platform or a set of ideas and plans, but simply a promise to use the power of gov't to hurt certain vulnerable people on behalf of their mean-spirited voters. it was bad then, but I never thought it would reach the degree of anti-social behavior and cruelty that has emerged in the Trump era. I shudder to think of the brutal austerity to come should Canadians be stupid enough to elect a conservative federal gov't. Their voters don't even try to deny their cruelty and deliberate hateful actions.

    • @grmpEqweer
      @grmpEqweer Рік тому +8

      @@generationofswine-ge5rw
      Yeah, Britain followed our lead on Neoliberalism. I'll leave it to you to look up what Neoliberalism really is? But I think you've seen it.
      Maggie Thatcher said "there is no such thing as a society."

  • @stevenhanson6057
    @stevenhanson6057 Рік тому +2

    “If you tax corporations, they’ll just raise prices.” Fast forward to record profits. “Wow we should have raised their taxes!”

  • @davidhutchinson5233
    @davidhutchinson5233 Рік тому +1

    The American people are kept in a hopeless state because hopeless people don't vote or participate in social movements. The UK's Tony Benn said that many many years ago. It's quite simple actually. Thank you Professor Desmond for this much needed treatise on the reality of living in the not so United States.

  • @janedvinsson
    @janedvinsson Рік тому +20

    I often come back to what my grandmother said. She said in the 60s in Sweden, that now this country is enough wealthy that nobody in Sweden needs to go hungry and not have a "roof" over their head...I always understood that as that she said that if society does not help in such a situation it's a big shame on society, a shame on the people in a country to not see to that. That's how I always feel, if I have things over and someone needs help and suffer I have to help, I would feel ashamed if I did not help. That is how the health and social system are built up in Sweden, we have laws for that; if society, communes, do not live up that they are breaking the law, and the more wealthy society gets the more help for the vulnerable increase, they have the right to have as good a life as anybody.

    • @adrianakusieluskus8941
      @adrianakusieluskus8941 Рік тому +2

      Love you ❣️🙏

    • @janedvinsson
      @janedvinsson Рік тому +1

      @@adrianakusieluskus8941 Thank you!

    • @FatFrankie42
      @FatFrankie42 8 місяців тому +1

      Sweden FTW!! If only the mindset in the US was 1/2 as humane & governed according to meeting the needs of **all** people in the country instead of giving the few ultra-rich everything they want & the many poor & impoverished nothing they need. If I thought a disabled US citizen had an icecube's chance in Hades of being allowed to emigrate to Sweden, I'd do it in a heartbeat. I doubt there are many countries in the world that want to let people from the US come in as immigrants, just based on the general attitude of Americans overall & the US's currently barbaric immigration policies & nasty habit of interference with other countries for the benefit& interests of the US & decidedly **not** in the best interests or betterment of the other countries. As someone who has been lucky enough to be able to travel to many other countries, I know how Americans, especially American tourists, tend to be viewed by people in the countries I've visited (which is not with high esteem, to say the least). Our poor reputation is sadly well-deserved, I've witnessed the shenanigans of many US tourists & felt embarrassed for their sake because they clearly weren't feeling embarrassed for themselves. I just really hope I didn't add to the negative reputation of Americans myself while I was visiting other countries, hopefully my hope isn't misplaced....

    • @FatFrankie42
      @FatFrankie42 8 місяців тому

      PS: FTW = For The Win 😊

  • @ryana42
    @ryana42 Рік тому +147

    38 million in poverty, and we have 150 trillion in wealth. Trillion.

    • @laluba3603
      @laluba3603 Рік тому +4

    • @paulheydarian1281
      @paulheydarian1281 Рік тому +14

      That's more people than all of Canada.

    • @C02045
      @C02045 Рік тому

      That’s more people than the whole of China let alone the USA. Check your figures. One, two, three, four….. Tell us when you are finished!

    • @sandrajones1609
      @sandrajones1609 Рік тому +4

      Maybe we just need a few people who are good at counting?

    • @slass6530
      @slass6530 Рік тому

      38 million is 11% poverty in America. That's less then Australia 13%, England 17% and Canada 15%. It would be wonderful if No one experienced poverty but for a capitalistic society to work there will always be poor and always be wealthy. Addiction, drugs smuggled through our borders and mental illnesses are the top 3 causess of poverty in America. Living off the government without productive input will cause American Bankrupcy. Go back to work people, covid is over, stop living off the system...it WILL break!

  • @ROSE-mq3qd
    @ROSE-mq3qd Рік тому +11

    This is brilliant discussion- thank you 🙏 I see in the UK so much money has been spent on housing programs that have benefited private rich landlords and property developers and yet we have an ongoing epidemic housing crisis with low income working families in temporary shelter.
    We are housing Ukrainian families first in my suburb where British families have been waiting for years on the housing register; which highlights to me housing can happen, the govt chooses who…
    It’s all building far right resentment and I fear that the outcome will be depressing for the younger generation.
    It’d be wonderful to see some kind of platform raising forum on this, to make governments accountable with hard data and evidence of their inaction - because at the moment there is a lot cheap words said by governments with MSM playing dumb for cash.
    In the UK private equity companies are running the private rental sector and the costs are going through the roof - people are paying more on rent than what the house would cost to buy but they can’t get a mortgage because they don’t have the deposit because literally all their money is going on housing and living / surviving - it’s this awful catch 22 for ordinary working families. I can’t see the govt doing anything, as many of the officials are linked to private equity firms - it’s like a corruption Ponzi scheme…

  • @janiceolds8852
    @janiceolds8852 Рік тому +6

    An OUTSTANDING interview with Professor Desmond.

  • @louisesumrell6331
    @louisesumrell6331 Рік тому +20

    I'm an elderly, totally and permanently disabled US navy veteran.
    My income is $13,000 a year.
    Social Security has disabled me, not the VA.

  • @Harperrr.99
    @Harperrr.99 Рік тому +190

    America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

    • @Aziz__0
      @Aziz__0 Рік тому +4

      Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.

    • @Blitcliffe
      @Blitcliffe Рік тому +2

      @@corrySledd Hi Mate, please how can i reach this CFA of yours?

    • @Blitcliffe
      @Blitcliffe Рік тому

      @@corrySledd She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing

    • @superezekill5688
      @superezekill5688 Рік тому +1

      @@corrySledd You're "portfolio"? LMAO! You must be VERY privileged. The average American is living paycheck to paycheck and doesn't have enough money to save much less invest. They don't even know what a "portfolio" is. You're advice comes off very tone deaf, it is the equivalent of "let them eat cake"

    • @BodyByBenSLC
      @BodyByBenSLC Рік тому +3

      We are not in recession. Recession is defined as 2 quarters on a row of economic slowing. Q1 23 numbers have not come out yet, but Q3 and 4 of 2022 the economic grew! By definition we are not in recession and at minimum 3 months away from one.

  • @taylormade9971
    @taylormade9971 Рік тому

    I just want to say that I rented out a 3 bedroom house I own in AZ to a Hispanic family of 6 who had no credit and were illegal. I rented it to them for only 1000 bucks a month because I care about children and human beings...
    My house was valued at 225 grand when they moved in. And it's now valued at 312 grand because of the work they did on my house at their own expense. They planted citrus trees in my backyard. Set up a watering system. Replaced the garage door. Re-paved my driveway and sealed it and fixed every electrical problem...
    They were the hardest working most honest and kind people I've ever met. We remain friends to this day.

  • @catladynj
    @catladynj Рік тому +3

    Alot of problems stem from lack of descent jobs. This needs to be fixed. We don't manufacture any thing any more.

  • @sharondavid-melly1498
    @sharondavid-melly1498 Рік тому +153

    Why do we allow child poverty and then force-birth women who can't afford pregnancy?? We need to require churches to pay taxes!

    • @sethbrown9967
      @sethbrown9967 Рік тому +9

      Hear hear!

    • @kimberlychodur3508
      @kimberlychodur3508 Рік тому +15

      The Senator from Nebraska gave the real reason, he was talking about all the abortions in his state in the last 10 years and how those aborted could have been a future worker. That’s their real incentive, to create more workers through forced birth. Of course if they’re born in poverty most likely they will end up in low paying jobs too.

    • @godmessiahprophetgersonmel242
      @godmessiahprophetgersonmel242 Рік тому

      Pay oldest new earth God Messiah prophet gerson melius presil upper middle elites classes budgets trillion dollars balance USA Haiti oldest new earth clays666-377:456+466 trillion dollars sheet?

    • @90sajen
      @90sajen Рік тому +4

      Capitalism :(

    • @ronaldharding3927
      @ronaldharding3927 Рік тому +2

      Take money from those who help people. Give it to a government that gives it to corporations and the multibillionaires. Wisdom seems to be nonexistent. Do you live in a $500000 castle btw?

  • @diannadima7082
    @diannadima7082 Рік тому +8

    We have so many old buildings that could be restored for housing for the Homeless. And other low income population. We have been forgotten. We, the low income, will come to a place where we will all be homeless. At 80 years old I don't think I could survive it again.

  • @victorprice7431
    @victorprice7431 Рік тому

    Why can't we have a president like Mr Matthew Desmond????

  • @rosalinaayala5963
    @rosalinaayala5963 Рік тому +1

    I worked for NYCHA in NYC and every single family that was evicted had months and months of warning and court dates to solve their problems. However there does need to be a law against evicting the disabled and elderly poor and a government program to provide a guardianship for them.

  • @johnwhitney1439
    @johnwhitney1439 Рік тому +19

    The worst program that the HUD Administration came up with was the Section 8 program, where landlords could rent a $400 a month property for $1,200 a month with the $800 subsidy from the HUD program. HUD would come out best by using that money for the purchase of the home that's being subsidized as rentals.

  • @mamabear3217
    @mamabear3217 Рік тому +62

    I love what the author said about the mark on the soul, is a mark on mental health. I have seen a lot of people go crazy because they don't understand how to make their resources work for them they work three jobs and are still unable to live comfortably, so it has to be solved, or society will implode.

    • @cintiapollock2486
      @cintiapollock2486 Рік тому +12

      So true and they need to stop hiding good programs you can only apply for if you know about them and no one makes the info available! that's just dam mean! Then they complain that the poor do not take advantage of them and want to cancel them lol omg makes me want to pull my hair out so frustrated with the system!

    • @kimberlychodur3508
      @kimberlychodur3508 Рік тому +4

      @@cintiapollock2486or the states that just sit on that money or take advantage of Medicaid expansion.

    • @8ofwands300
      @8ofwands300 Рік тому +1

      💗💗💗💗

    • @cintiapollock2486
      @cintiapollock2486 Рік тому +1

      @@kimberlychodur3508 exactly !

    • @cintiapollock2486
      @cintiapollock2486 Рік тому +1

      @@LovesNeverEnding exactly Jennifer, you are the reason, made my point : ) I said that cause I have know so many people that has happened to self included. Its like a game you cant win an I am getting tired of playing

  • @RodeoDogLover
    @RodeoDogLover 5 місяців тому

    “I want a country that does a lot more to fight poverty than it does to guard fortunes.” Brilliant. ❤

  • @sfain333
    @sfain333 8 місяців тому +1

    I just finished reading "Eviction". Even setting aside the subject matter, the way he paints pictures with is words is absolutely stunning. It's a beautiful work of art.

  • @mrbushlied7742
    @mrbushlied7742 Рік тому +65

    "Let them eat cake!", Speaker McCarthy.

    • @monpayscanada
      @monpayscanada Рік тому +6

      we all know what happened to her :)

    • @tanyalake9152
      @tanyalake9152 Рік тому

      @@monpayscanada - Is/was that a reference to the Ike and Tina incident, or did I miss something?

    • @jesstiss222
      @jesstiss222 Рік тому +2

      @@tanyalake9152 I think they’re referring to the Marie Antoinette and guillotine lore, love.😉

    • @tanyalake9152
      @tanyalake9152 Рік тому

      @@jesstiss222 - Okay. Regardless. American society is still mess in many ways and will continue to stay a mess.

    • @tanyalake9152
      @tanyalake9152 Рік тому +1

      "This presentation *focuses on* the *myriad ways* in which the *powers-that-be* in the *United States have been systematically dumbing down Americans as a society for a very long time* - *all by meticulously calculated design."* - ARTICLE - *"The Dumbing Down of America - By Design".*

  • @psterling4321
    @psterling4321 Рік тому +13

    I know this man means well… so I’ll say this: corporations should not have the ability to own homes. Housing should not be monetized. No more landlords. No single person can own more than one home. Federal rent control. Unionize all workers in the US. Cap income @ $685k

    • @jackalcoyote8777
      @jackalcoyote8777 Рік тому +1

      Each and every one of these policies will take a bad situation and make it far worse.

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      That would mean deep poverty for everyone economics is not your strong point is it

  • @mattstuff32
    @mattstuff32 Рік тому +3

    Matthew needs to be in charge of big things, with broad sweeping powers! It's great to hear that there are solutions; but bothersome that they may never come to fruition.

  • @julesplotnik5289
    @julesplotnik5289 Рік тому

    I didn’t realize poverty has doubled. I was evicted from my Condos. The owner was not paying their mortgage. They skipped town. I had to live in my car for week. Thank God the YMC was down the road. For showers. They were helpful. Yes we need more organizations for people evicted .😇🙏🏻

  • @poeboypoe
    @poeboypoe Рік тому +31

    We have to organize. We can't just leave a message after seeing something like this and just go on with life. I'm tired of this. We need to demand change. Our politicians are beholden to the corporations and wealthy. Let us call for the end of lobbying in politics and the end of citizens united.

    • @icjulia2
      @icjulia2 Рік тому

      Vote Trump 2024.

    • @poeboypoe
      @poeboypoe Рік тому

      @@icjulia2 your kidding right. Trump is probably the worst as far as politicians go. In his first term he cut taxes for the rich and put people in power who worked for corporations. He is a fraud, a scam artist. He does not care about the Average American person. And Joe Biden is no better. They are all the same.

    • @jorgemarin7303
      @jorgemarin7303 Рік тому

      @@icjulia2 thank you for supporting another corporate pig who cut the taxes by 50 % for the top 1% we appreciate your Peter pan economics

    • @starr9505
      @starr9505 Рік тому

      I TOTALLY AGREE WITH YOU. @poeboypotry..

    • @kieranjaegar
      @kieranjaegar Рік тому

      On my way.

  • @johnwhitney1439
    @johnwhitney1439 Рік тому +121

    As a seventy-two-year-old American the thought of a person being a billionaire was almost unimaginable but today here in America we have multi billionaire bordering on having a trillionaire by mid-century.

    • @grmpEqweer
      @grmpEqweer Рік тому +13

      New gilded age.

    • @teckmenglee8060
      @teckmenglee8060 Рік тому

      Extreme wealth inequality and you don't need to look far; just look at Biden, Pelosi, Pompeo's families wealth and you will be shocked at the amount.

    • @kayt9576
      @kayt9576 Рік тому

      Yet there are millions dying in poverty and homeless!

    • @cosmicllama6910
      @cosmicllama6910 Рік тому +12

      We're just really big fans of Les Misérables over here and we want to really live it out ourselves, you see.

    • @jackalcoyote8777
      @jackalcoyote8777 Рік тому

      Back when you were born, anyone with 71428571 dollars was a billionaire by today's standards. The entitlements your generation stole from mine reduced the money and lessened its impact.
      Oh, you thought social security, taking money away from future generations, was a good idea? Look at all the inflation, all the deaths from poverty. Thanks, boomers.

  • @zazakariyababa4799
    @zazakariyababa4799 Рік тому

    A very good work reflecting your deep feeling for the good people. A posture well painted in your work in the form of a book. A boomb . Thank you for this book. Zakariya BABA

  • @shirleya.osgood
    @shirleya.osgood Рік тому +214

    To obtain financial freedom one needs to be a busses owner, an investor or both, generating passive income, particularly on a monthly basis.

    • @debra.lucas-jr1uh
      @debra.lucas-jr1uh Рік тому

      l agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.

    • @georgec.wilkerson
      @georgec.wilkerson Рік тому

      Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.

    • @PeterLDemby
      @PeterLDemby Рік тому

      ​@@azel_alias_Its not advisable you trade with your IQ, Well I recommend MRS AVA KIMBERLY! She's the people best teacher and also my mentor.

    • @bhurtel371
      @bhurtel371 Рік тому

      I think trading is easier with proper guidance, especially from a professional, it really help reduce the chances of running into losses. All thanks to expert Mrs Ava Kimberly, she changed my life, I was able to pay off my mortgage.

    • @marier.sherman
      @marier.sherman Рік тому

      I'm from carlifornia, I and two other of my friends tried Mrs Ava immediately we testified, she's performing wonders 😊

  • @keithdixon4595
    @keithdixon4595 Рік тому +11

    Democracy Now Great Reporting Amy hitting the nail right on the head poverty is a big problem in the richest Nation on Earth

    • @summerbrooks9922
      @summerbrooks9922 Рік тому

      I agree with your argument but we are not the richest country on this planet. Go to the Emirates in the Persian Gulf. Latitudingly, go North to the lands of the Lights; Finland, Norway and Sweden, where few recent wars got fought. Those democracies are richer than us, by far. The average salary is around 83 thousand dollars with free education and medical.

    • @Dtella55
      @Dtella55 Рік тому +1

      Exactly yet wealthy Americans get tax break to help other countries international and people here dying of hunger and homeless...take care of home first...not that people are entitled was already shaky b4 cvd now it's ten times worst...

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      The USA is not the richest nation on earth not the second nor the third you are wrong and base your opinions on falsehoods

  • @KaikalaMoon
    @KaikalaMoon Рік тому +45

    The more money one has the more gifts and give-aways received. Conventions, black tie affairs, and the like are simple examples. Tax, credits, deductions, etc. are others. If you pretend to help poor people, even more money is made available. Thank you Mr. Desmond. Thank you Amy for this interview.

    • @grmpEqweer
      @grmpEqweer Рік тому +3

      The top 10% can afford to give big campaign donations.

    • @letsomethingshine
      @letsomethingshine Рік тому +1

      @@grmpEqweer And still come out of it have made more money, and not just from passive income, but from how the two parties structure government and economics FOR them.

    • @grmpEqweer
      @grmpEqweer Рік тому

      @@letsomethingshine Exactly. The money they give politicians is an investment.

    • @TeaParty1776
      @TeaParty1776 Рік тому

      In the "mind" of commies, there is only society, no productive work.

  • @Jeannette-ei9xd
    @Jeannette-ei9xd Рік тому

    Great Word Matthew Desmond!🎉

  • @kateskeys
    @kateskeys Рік тому +1

    🌟🌟🌟🌟👍🏻👍🏻👍🏻👍🏾👍🏾👍🏾👍🏿👍🏿👍🏿
    What a much needed discussion! Thanks to both of you!

  • @DavidemetriLIC
    @DavidemetriLIC Рік тому +6

    Professor Desmond is a great man! The human race is stuck in a stagnate box because of greed and cowardese! Scared to share oxygen but are so righteous and should be the holders of moral high ground abs law making!

  • @Octoberfurst
    @Octoberfurst Рік тому +58

    Very well said! I find it appalling that in the richest nation on Earth we have so many people living in poverty and hundreds of thousands homeless. We need to demand better!

    • @TeaParty1776
      @TeaParty1776 Рік тому +1

      End zoning laws

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому +3

      You need to do better have the government tax you more to pay for more social programs someone has to pay for them if not you than who

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому +5

      We are not the richest country on earth not the second or third neither check how far down we are in terms of wealth

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому +1

      Are you financialally supporting someone in need of not why not

    • @TeaParty1776
      @TeaParty1776 Рік тому

      Its an outrage that taxes and regulations prevent increased production. Its an unpleasant coincidence that the Leftist NYT has a recent story on zoning laws decreasing the supply of housing. This has been confirrmed by staff at the Biden White House. An online search will quickly provide a large number of similar views by other Leftists. Carry on!

  • @thearbrailia
    @thearbrailia Рік тому +3

    I tried to get on programs during the pandemic when we had no income. I spent over 18 hours on the phone and all I could get was really bad health insurance for my son and I but not for my husband. No actual providers within 10 miles of me actually take my state exchange health insurance. I was told that we couldn't get food or bill help because I was married and I would need to be a single mom to get these programs. Mind you our income at this time was 0 and we had 42k in debt because my son's birth wasn't covered by our Obamacare plan. The state was supposed to help with my medical bills but the pandemic made the paperwork take longer than 6 months so I got disqualified and we were stuck with the debt at 17% interest. None of the programs work and they all are far too complicated for the average person to navigate.

    • @scottowensbyable
      @scottowensbyable Рік тому

      Did you marry a deadbeat husband? Why wasn't he providing for his family?

    • @scifirealism5943
      @scifirealism5943 11 місяців тому

      That's the point. Politicians don't want to end poverty.

  • @user-ju7ws3vb6b
    @user-ju7ws3vb6b Рік тому +35

    As a new investor, it's important to remember that investing and trading require more than just technical analysis skills. Discipline and emotional maturity play a significant role in achieving success. It's wise to keep in mind the adage of "time in the market vs. timing the market," as this mentality can help you weather market volatility. With insights of Mr Andrew Martins and my commitment to learning and growth, I've been increasing my earnings in just a few months. Keep up the good work!

    • @user-ju7ws3vb6b
      @user-ju7ws3vb6b Рік тому

      @{ Signalwithandrew } THAT IS HIS USER NAME

    • @user-ju7ws3vb6b
      @user-ju7ws3vb6b Рік тому

      HE IS ON TELEGRAM.S....

    • @edwardbyrd6621
      @edwardbyrd6621 Рік тому

      I invested with Mr Andrew Martins too, he understands every beginners intention and fix you to a trading plan that matches your capacity.

    • @isabellaandrew364
      @isabellaandrew364 Рік тому

      My first investment with Mr Andrew Martins gave me the assurance that have made me invest without the fear of losing, I got four of my friends involved with his already.

    • @shinsekierik4318
      @shinsekierik4318 Рік тому

      I'm so happy for taking the bold step in working and investing $20,000 with Mr Andrew Martins after a 3 weeks i received $92,000

  • @macharius3983
    @macharius3983 Рік тому +216

    Poor people suffering is something that conservatives and wealthy liberals both agree on, which is why things are not going to get better and only worse.

    • @IMeMineWho
      @IMeMineWho Рік тому +19

      #1 Comment.

    • @grmpEqweer
      @grmpEqweer Рік тому

      Mmhmm. I remember when Bill Clinton threw the labor interests under the bus with NAFTA right after we got that 💩 elected.

    • @laluba3603
      @laluba3603 Рік тому +19

      Vote money out of politics

    • @jwesplayinify
      @jwesplayinify Рік тому +8

      This is not even mentioned in this segment, but they do bring up Trump and conservatives. DN has changes so much. Complete biased reporting.

    • @cosmicllama6910
      @cosmicllama6910 Рік тому +14

      @@laluba3603 i don't think we can vote it out, that's why we're stuck in their Red team Vs. Blue team game

  • @TheDoomWizard
    @TheDoomWizard Рік тому +20

    The book should have been called, "This literally feels like hell."

  • @phongy45
    @phongy45 Рік тому

    prof Desmond, rightly ..thanks

  • @bindercolman5265
    @bindercolman5265 Рік тому +262

    Comparing tax breaks to welfare was spot on. Just like subsidies for corporations.
    'A country that fights poverty rather than guards fortunes' Me too. 👏👏👏

    • @haleybrown2836
      @haleybrown2836 Рік тому +18

      We don't engage in military conflicts to win but to keep the stock market healthy and to make the rich richer.

    • @newerest1
      @newerest1 Рік тому +12

      Lol, letting people keep their own earnings is nothing like welfare..

    • @Picnuts
      @Picnuts Рік тому

      ​@@newerest1 It's about corporate welfare and tax cuts to the rich. And it's destroying America.

    • @shawnchurch316
      @shawnchurch316 Рік тому

      @@newerest1 Tax cuts are the same as stealing less money from people.

    • @bindercolman5265
      @bindercolman5265 Рік тому

      If your earnings are predicating on a rigged system like stock buybacks, tax evasion, deliberate exploitation, monopoly consolidation. It's exactly welfare. In fact I'd say it was wage theft along with theft from future generations. That's why we have a tiered tax system. It depends on your accounting of assets and liabilities. 😂 LOL

  • @carlschneider689
    @carlschneider689 Рік тому +5

    It's extremely expensive and unhealthy to be poor in the U.S.

  • @cb320
    @cb320 Рік тому +1

    Amazing Author! Thanks for bringing his information in your Chanel!

  • @vincentmasson437
    @vincentmasson437 Рік тому

    This mans book Evicted is incredible.

  • @rigil5477
    @rigil5477 Рік тому +6

    Good to hear from Matthew Desmond. "

  • @workinprogresssince1974
    @workinprogresssince1974 Рік тому +7

    The same thing here in the UK. It's about keeping the rich rich, and the poor subservient to the system.

  • @missx147
    @missx147 Рік тому

    All of the pain, struggle and stress the poor and working class endure, IS ALL INTENTIONALLY DONE!
    America is a terribly sad place.

  • @judymawhorter7301
    @judymawhorter7301 Рік тому +1

    There was training also for future workers. Like electricity, plumbing, etc. They did not have to have college. Now you're expected to be anything you need 4 years at least and mostly that is not enough. It is an excellent experience to go to training and then get certified. The help that government could give would, in my belief, is cheaper than ending up with thousands of people on the streets.

  • @arthurturner9307
    @arthurturner9307 Рік тому +12

    The country is crumbling an they're placing the blame on excessive federal spending on poor people 😂😂😂 shame shame shame

  • @richardkatz8713
    @richardkatz8713 Рік тому +41

    "Deep scars on the next generation " well said!!!

    • @IMeMineWho
      @IMeMineWho Рік тому +6

      This generation and seniors as well.

  • @garymoore3446
    @garymoore3446 Рік тому +1

    Also I think people need to learn more about saving money, budgeting and staying out of debt...these basic things here will keep people strong!

  • @Bigbudda12
    @Bigbudda12 Рік тому +1

    We shame and belittle those in need. Pushing them away from any assistance. It’s a strategy. I’m sure you know. Stay alert, educate yourself. Live and love within your means. My motto.

  • @Yonnie2436
    @Yonnie2436 Рік тому +41

    The sad thing is, the people in office have no idea how average everyday people live, and they don't care. THE LOVE OF MONEY IS THE ROOT OF EVIL 💔

    • @dom85esc1
      @dom85esc1 Рік тому

      Being appointed to Congress was originally a role of public service, now its a get rich quick scheme!

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      If you were in charge what policies would you enact to change things

    • @dom85esc1
      @dom85esc1 Рік тому +1

      @@fritzforsthoefel8031 I would push for policy that discouraged outstripping worker production with costs of goods that are necessities for living and prospering in this country. Discourage private investment taking out huge swaths of homes and encourage housing development to catch up on this shortage that we are now in. Discourage or tamp down on C-Suite compensation reaching a point that those companies were able to provide all employees with wages that met those necessary goods and services that provide a healthful and and satisfying life in this country. While also pushing for policy that encourage equity in the tax code. Preventing loop holes that benefit the wealthy that don't offer middle and lower classes to reap advantages as well. I would push for education costs to come down to a balanced level between wages and affordability for citizens. The people used to have a lot more spending power while the costs of those goods and services were also and a more affordable level. A rising tide should raise all ships it shows a major imbalance in our economy that it hasn't since supply-side economics initiated this trend. Where do you think the inflection point to where it has gone on for far too long in that direction lies? You have even Charley Munger calling the health system a disgrace. I mean, this experiment with a laissez faire version of capitalism has gone on too far. I mean when the wealthiest members of the economic system has such a stranglehold on lawmaking and resources that it is stealing the wealth out from underneath American Citizens to a point they can't thrive and live a healthy and satisfying life is beyond the pale. Thomas Jefferson, "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." The context is damned close to the way things have become. And I don't see how that's calling for changes that reach clear over to the extremes of communism. Do you mean to say there is no inflection point that we shall reach a form of modern day feudalism? Where people live in squalor under the heels of the C-Suite in the name of a free country with a small government?

    • @crimestoppers1877
      @crimestoppers1877 Рік тому

      @@fritzforsthoefel8031 I do NOT LOVE money or power!! I only want FREEDOM that you get from NOT paying debts and minmimizing paying taxes. If I do not buy I pay no sales taxes. I do not invest so I pay no income taxes. My income is very low which keeps me in a tax bracket so low that I do not even have to file my low income. I pay lots of money to a tax attorney to avoid taxes. At least the etx attorney is doing something, instead of being an advocate for laziness as a government employee.

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      Provide workers with a livable wage under your plan all you would have to do is drop out of school get a livable wage on the other hand if you go to college and become a doctor and work long hours and earn 400000 you will be taxed between local state and federal half your income how is that fair

  • @jtt1928
    @jtt1928 Рік тому +29

    Great discussion on this topic!It is very saddening! I’m an upper middle class Black American aka unicorn of sorts who’s income is over $300k & have been supplementing my poor church in south central L.A. + my grandmother’s church (plus many families)in Arkansas. It never seems to be enough!!I hate to admit that the lack of wealth is particularly concentrated within Black Life😢. This country has to do something for its people immediately! It’s getting worse by the day 🙌🏾🙏🏾.

    • @matronmalice9867
      @matronmalice9867 Рік тому

      What more do you fucking want? There is no more to give. We are bankrupt and the dollar is failing but you want more. SMH

    • @benton-benton
      @benton-benton Рік тому

      More Whites are poor than Blacks.

    • @Markdfadf
      @Markdfadf Рік тому +1

      The government has one job. Protect property rights. That's it. Anything else creates a lower standard of living.

    • @fritzforsthoefel8031
      @fritzforsthoefel8031 Рік тому

      You are exactly right

    • @cherfromtn8225
      @cherfromtn8225 Рік тому

      You might find a book called "Understanding the Framework of Poverty" by Ruby Payne an interesting read since it sounds like you are trying to help people get out of poverty. (Your public library can probably interlibrary loan it.)
      It talks about the hidden belief systems that exist in each of our class systems (lower, middle, and upper class). These beliefs tend to keep us in the class into which we are born. These beliefs exist in all races, but they are tied to class--which is tied to education and often race. These beliefs make it difficult to get out of poverty.
      (Some of the examples in the book are a little extreme, because the book was written for teachers. So take what you can from the book, you may not agree with everything.)

  • @gaillanders3725
    @gaillanders3725 Рік тому +1

    I will be buying his books tomorrow thank you for this information.

    • @farmerjohn6526
      @farmerjohn6526 Рік тому

      I will be burning his book if i find it at the goodwill.

  • @joycemansfield1108
    @joycemansfield1108 Рік тому +1

    Im a woman whos divorced with no family and I worked for over 30 yrs as a hairdresser I am now 59 and had knee surgery at the exact time I was made homeless in ct now I'm ok but it took years of insecurity and renting rooms before I was finally called for hud housing now that I'm disabled what a nightmare that I'm still coming back from its only been 2 months no social program helped me get housing I'd still be homeless if I didn't get on this list ,everything mathew said is so true I lost everything and my sister in law stoled everything she and my brother have been terrible to me ,what mathew said about being poor is expensive is very true and the average efficiency or 1 bedroom apartment in ct is 1700 dollars after the pandemic so I've been a homeowner, then renter so I understand foreclosure and eviction there's so much to this story I can't believe I've lived through and understand about people it's unfair and society treats us like burdens in a state like this I can't believe there's not enough help.

    • @rindabarclay3119
      @rindabarclay3119 Рік тому

      I pray in the name of Jesus that God Bless you and turn your situation around, Amen!

  • @CSmoothh
    @CSmoothh Рік тому +37

    This type of information should be taught in mandatory financial literacy courses in highschools across the nation. One of the key ways to eradicating a problem is learning about it. A lot of people simply don't know this information and learning it at a younger age helps people develop habits into a adulthood that keep the problem at a minimum if not totally abolish it

    • @garysouza772
      @garysouza772 Рік тому +1

      Can't begin to address decades of flat or declining wages and the accelerating cost of housing and health care. Necessary but far from sufficient.

    • @Estherbethe1...
      @Estherbethe1... Рік тому +2

      ✨🔥💖🔥✨
      Absolutely correct 🎯💯🎯
      Capitalism teaches children how to first use their bodies instead of their minds

    • @juverparadox
      @juverparadox Рік тому

      Remember Trump:
      “I love the poorly educated”
      The lack of proper education, the ignorance of how other countries live, and the inability to criticize our system makes for a population that can be easily manipulated.

  • @reginaerekson9139
    @reginaerekson9139 Рік тому +40

    Housing Authority on both coasts is sketchy af! I have paperwork from my experience being twice homeless with the assistance of Housing Authority! Once it happens it’s SO hard to get out. If you make $15 hr what housing CAN you afford?

    • @JaysSavvy
      @JaysSavvy Рік тому +1

      15$ an hour can afford a nice little house or apartment in Red Counties of Appalachia. But you are probably used to living in a blue city so you don't realize that rent isn't ridiculous everywhere - only in blue communities.

    • @bluewaters3100
      @bluewaters3100 Рік тому +1

      Exactly.

  • @arch3ddraftsman
    @arch3ddraftsman Рік тому

    Thank you. Excellent report and interview.

  • @josusa1647
    @josusa1647 Рік тому +1

    Thank you for having Matthew Desmond on, and thank you Matthew Desmond for speaking up for America’s poor. It really is sad that there is very little help for the poor and they are exploited so much by the wealthy. So much money is wasted and misappropriated and given to the rich and yet they don’t want to provide any assistance to those who truly need it. We all just accept this way of life. Thank you for reminding us that it’s not ok

  • @lahbody7047
    @lahbody7047 Рік тому +48

    What he said about being evicted was probably the best way I’ve ever heard it explained🎯

    • @YouTubeCensorsEverything
      @YouTubeCensorsEverything Рік тому

      No. That was incredibly a dangerous downplay of how harmful it is to a human being to deprive them of shelter. The emotional toll isn't what kills you. It's the loss of water, power, and trash collection. You will never get an accurate analysis of poverty from someone at Princeton University. I bet this guy hasn't known a week without hair gel let alone without utilities.

    • @crimestoppers1877
      @crimestoppers1877 Рік тому

      @@UA-camCensorsEverything Cry me a river. I have had a few bumps in life. Each time I was "homeless", but I just persevered until I could fight a new round. Winning! Very few of those I met "on the street" were focused on success instead if failure and victim-hood. Is that one reason for failure..or success? Life is beautiful from here. Work and prove what you can do. Or you can wallow in misery and excuses and blame those who are active and productive for your failures. Take the "Red pill" and enjoy life.

    • @YouTubeCensorsEverything
      @YouTubeCensorsEverything Рік тому +1

      @@crimestoppers1877 That very stereotypical view of poverty is exactly why the problems grow worse. Keep trying the same thing over and over then it will just fail(as it has for decades) over and over. That right wing approach has seen more failures than a bottomless canteen.

    • @crimestoppers1877
      @crimestoppers1877 Рік тому

      @@UA-camCensorsEverything Tell that to each of my bankers! Winning with zero debts.

    • @YouTubeCensorsEverything
      @YouTubeCensorsEverything Рік тому

      @@crimestoppers1877 There it is the I/me approach. Give-me-mine-no-matter-who-suffers-and-consequences-be damned. I am not one bit surprised. Maybe if you weren't looking at the world through that toilet paper roll you might learn a few things about modern civilization, the consequences of stock trading, investment banking, and the depleting resources that aren't as infinite as you and your banker like to fantasize. When the egoism trip is over and the bodies are counted that money won't get you cup full of clean water. Because there won't be any left.

  • @rubyclark7595
    @rubyclark7595 Рік тому +11

    Thank you ALL for this great reminder that the Rich lives off the Poor.
    America can do better.
    Please stay with the real issues of life.
    Democracy Matter!!!!!!!

    • @jackbeagle8458
      @jackbeagle8458 Рік тому

      Sounds like capitalism working as intended.

    • @grmpEqweer
      @grmpEqweer Рік тому +3

      ​@@jackbeagle8458
      Yep. Capitalism, if left to operate freely, evolves into oligarchy.

    • @davidanderson5245
      @davidanderson5245 Рік тому +1

      Hello Ruby, how are you doing today?

    • @666MaRius9991
      @666MaRius9991 Рік тому

      @@grmpEqweer Facts right there,unchecked capitalism has been a disaster!

    • @rubyclark7595
      @rubyclark7595 Рік тому +1

      @@davidanderson5245 Hello Precious one. This old girl is happy and loving life for what it is.... The photo beauty would that be a Spitz? As a teenager I had one name Snowball. That was 50 years ago.
      Make All your days great... no matter what.

  • @frankcolumbus3330
    @frankcolumbus3330 Рік тому

    Matthew Desmond RIGHT ON THE MONEY.

  • @warrior1657
    @warrior1657 Рік тому +1

    Doesn't surprise me at all! I'm retired military, have a job and still struggle to make ends meet. The poor will NEVER get a seat at the rich mans table, period!

  • @cynthialangley7338
    @cynthialangley7338 Рік тому +84

    The working poor are the majority of the recipients of food stamps and other government benefits. Let’s talk about corporate greed and welfare and stop bashing working families.

    • @brucelee5576
      @brucelee5576 Рік тому

      Working poor , some of them don’t work at all and haven’t been working forever, why should I have to pay their way.

    • @lavontrichardson2602
      @lavontrichardson2602 Рік тому

      ​@@brucelee5576 it's clearly you do not respect life it's clear you have an evil heart hope God can save your soul💯

    • @HERES_JAWNiE
      @HERES_JAWNiE Рік тому +18

      ​@@brucelee5576did you not listen to the video?
      If there is a person that doesnt want to work, who cares? Your taxes literally go to lockhead martin or raytheon ceo's but youd rather focus your attention on a random made up poor person

    • @brucelee5576
      @brucelee5576 Рік тому

      @@HERES_JAWNiE
      I know right let’s fire some General Dynamics missile at Skid Row and Tenderloin , nobody who works for the industrial Military Complex ever took a shit on my sidewalk, that’s like say white collar criminals steel more money then thugs while true they don’t invade your home a rape your teenage daughter.

    • @yourmother2739
      @yourmother2739 Рік тому +6

      @@brucelee5576 Just trying to survive under capitalism is daily work genius.