I found this YouTube video the other day that I’d like to share with you, as it does a great job of explaining the amount of financial inequality we have in the U.S. right now. It’s probably worse than you realize.
This is based on a study of 5,000 Americans by a Harvard business professor and economist. He looked at their perceptions of income inequality in the U.S. and then asked them what adjustments they thought necessary to make the system fair and just. The study shows that most of us are very aware of the fact that too much money is flowing to the top of the financial food chain and that something needs to be done. However, as this video illustrates, it’s worse than we think–much worse.
Radio talker Allen Hunt’s signature line is that his show “isn’t about right and left, it’s about right and wrong.” At first this sounds good, but after you listen to him for about fifteen minutes you realize his opinion is not much different than that of most of the other guys on AM radio, the right is right and the left is wrong.
As I was driving home from work the other night, he was doing his favorite schtick, which is bashing Obama. On this night, he was all over the president for sending his daughters to private schools while we working stiffs with limited income have to send our children to public schools. He thought all Americans should be able to give their children a private education, through that favorite program of the public school naysayers, the voucher.
This video contains some facts for you to add to your arsenal the next time you need to convince someone who thinks we’re in great financial shape. Warning: don’t watch this if you’re having a bad day or are depressed.