Viral Video Shows the Extent of U.S. Wealth Inequality

[Jim Jeffries]

are you a capitalist or not?

Well he fancies himself a Communist revolutionary (hence the Trotsky avy,) while reaping the benefits of Capitalism and free markets just like the rest of us.

[Tom Cruise]

Lets break this video down.

1. "Distribution of this countries wealth". No such thing. Just using those words heads us towards a false premise. More on that at the vary end.

2. Harvard Business professor (<<==Socialist, collectivist, Keynesian sleazebag word alert). What his name?


3 The video is half-right. We don't have to go to Socialism to find something that is "fair" (another misnomer) or "ideal" (misnomer), true Free Market Capitalism will get us there. And if it doesn't, there is a free market reason for it. Not because there is a paper money system and people in the financial system who shuffle money around and living off of the producers.


4, "We need to wake up and realize that reality is not what we think it is". The narrator is right. Too many people believe the problem is that we have too much Capitalism, too much greed. When in fact it's the opposite, we don't have enough Capitalism (19th century Gilded age style that is). They're blaming the wrong thing for the problems and thus prescribing the wrong solutions...further heading us towards insolvency.


And finally...to get back to # 1. If you want to redistribute wealth, then that means that you want a Distributor in charge. But what Free marketers understand is that all power corrupts. You don't want someone setting prices, interest rates or determining who earns how much...or who gets to keep how much. You simply get out of the way with your govt, and let the pure market determine it. Just like at one point, the market settled on Gold as a form of exchange. The Govt didn't even have to force you to use Gold, it just was something everyone liked.

I dont get the idea that without a government you wouldnt get industries propped up and inflated beyond their ideal size. Take the property bubble that burst, the reason it was kept there artificially was because it was making rich people a shed load of money. Without a government in place that kind of thing will still happen because if it makes people money, then it makes sense. So long as you get out before it collapses and leave the rest of the country to foot the bill.

Free market capitalism is just as much a pipe dream as 'true communism', the reason they have never been tried fully is because in their 'true form' they are unworkable ideas.

I dont believe in complete equality of wealth, neither do i believe it is ever possible to get true equality of opportunity, but imo society should at least take care of its weakest and not allow people to live in poverty. Particularly one as rich as the US.

The system you (and we) have at the moment is akin to starting a game of monopoly where one guy starts with nearly all the money and everyone else starts with a dollar then everyone congratulates the rich folk for working hard/ being smart to achieve their wealth, despite the fact the level of intelligence and hard work it took to get there is no where near deserving of the rewards.

A more effective tax system would help level the playing field somewhat, and allow more of the smartest and hardest working in society to achieve their true potential.

[Tom Cruise]

Well he fancies himself a Communist revolutionary (hence the Trotsky avy,) while reaping the benefits of Capitalism and free markets just like the rest of us.

It doesnt seem like many are 'reaping the benefits' of capitalism to me.

[New England]

It doesnt seem like many are 'reaping the benefits' of capitalism to me.

he lives / works / consumes in a market that is largely free.

[Jim Jeffries]

It doesnt seem like many are 'reaping the benefits' of capitalism to me.

In the United States? Then you haven't the slightest idea what you're talking about.

[New England]

In the United States? Then you haven't the slightest idea what you're talking about.

well, to be fair, a lot of people in the states are on hard times, and they don't all deserve it.


none of the isms are perfect.

[ИATAS]

Oh since I live in America I'm not allowed to have socialist philosophies? Yeah that makes a ton of sense!

And yes I sure am reaping the rewards of Capitalism at the moment. Its absolutely fabulous being $20,000 in debt due to medical bills despite having "very good" medical insurance. A for profit medical system is another fine example of how beautiful Capitalism is. Hey as long as those people on top make that money right?!

[Tom Cruise]

he lives / works / consumes in a market that is largely free.

Yeah i get the gist...

I dont see what the problem is with making that free society work more fairly to those who didnt hit the financial jackpot of being born into a rich family.

[Russian Crushin]

Oh since I live in America I'm not allowed to have socialist philosophies? Yeah that makes a ton of sense!

And yes I sure am reaping the rewards of Capitalism at the moment. Its absolutely fabulous being $20,000 in debt due to medical bills despite having "very good" medical insurance. A for profit medical system is another fine example of how beautiful Capitalism is. Hey as long as those people on top make that money right?!

F'ing commie

[Tom Cruise]

In the United States? Then you haven't the slightest idea what you're talking about.

America just went through a recession, how much do you think the people at the top noticed it compared to those who lost jobs?