This video from the USA says about itself:
Income Equality Screws Over Millennials. Here’s Why…
16 March 2018
Let’s talk about income inequality and its disastrous impact on millennials. Learn more about the town hall here.
Wall Street pay up 13 percent while workers’ wages stagnate: here.
U.S. WEALTH GAP STAGGERING A new study of the intensifying concentration of wealth in the United States reveals that the 400 richest people in the nation — just 0.00025 percent of the population — own more than the 150 million adults in the bottom 60 percent. [HuffPost]
50 years ago, income inequality was severe in the U.S. It still is. Excerpt from the December 6, 1969 issue of Science News.
Gulf between wealthy and poor widening in Australia: here.
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Personally, I don’t have much sympathy for millenials, even though I am one. In comparison to 30-40, or even 15 years ago, the opportunities at a person’s fingerprints just because of the internet are substantial.
There is a lot you can do with your life. It only takes two years to get a decent tradesman job, like a plumber or electrician, which will pay you $60,000-$100,000 easily, even more if you own your own business.
Consider the fact that in 1895, the average westerner lived in bone-crushing poverty (less than $2 a day), yet you, have an iPhone at your disposal and can almost do whatever you want.
Be smart with your time. Quit watching Netflix and take advantage of your circumstances.
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50 years ago, the young generation in the USA (I am not talking about the rest of the world) might expect to be be better off than their parents. Now, the expectation is they will be worse off.
And it is not just a question of generations. The rich have become so much richer in the USA and the poor so much poorer that three billionaires now own more than the poorest 50% of people:
https://dearkitty1.wordpress.com/2017/11/10/three-billionaires-richer-than-half-the-united-states-population-together/
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I hear you. However, I’m just pointing to the fact that I think it’s better to take advantage of your opportunities as a Westerner, maybe become an electrician, rather than blame rich people and capitalism.
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Middle class and working class Americans used to stand a chance — but the needs of the many have been pushed aside in favor of the very few. Now economic inequality is at unprecedented levels. And that’s bad news for all of us.
That’s why we’re so excited to partner with Sen. Bernie Sanders for a unique LIVE town hall event Monday at 7pm EST that will dig into the impact of economic inequality in the US.
Bernie will be joined by special guests Sen. Elizabeth Warren and filmmaker Michael Moore for an innovative political event designed for digital media.
Join us for the Inequality in America Town Hall this Monday at 7pm ET.
Following the success of a similar Medicare for All town hall in January, which drew more than 1.6 million live viewers, this event will also be broadcast exclusively through Facebook and other social media platforms. act.tv is proud to be a partner along with The Guardian, NowThis, The Young Turks, and Buzzfeed.
Tune in to the act.tv Facebook page 7pm ET on Monday for the Town Hall stream.
Bernie says he’s excited to “go outside the traditional media to talk about who owns America, why the middle class is declining, […] and how we create an economy that works for everybody, not just the 1 percent.” We’re excited to help him do it!
— Harry Waisbren and the act.tv team
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Most Americans are working for the wrong type of income anyway, if they taught people how to build a residual income in the school system we would all be better off.
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