I Made a Chart of U.S.Wealth Inequality and it Sucks

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I Made a Chart of U.S.Wealth Inequality and it Sucks

Рет қаралды 13,199

Comingle

Күн бұрын

Пікірлер: 129

@Afasia42 Ай бұрын

liked subbed commented, asmon was here. This is so important to be exposed and to be taught.

@Jesse-2531 Ай бұрын

dont forget to play the vid in the back ground

@ceninant Ай бұрын

Ditto

@ChangTheDestroyerOfficial Ай бұрын

Asmon as in Asmongold? The nasty Twitch streamer guy?

@KumiChan2004 Ай бұрын

@@ChangTheDestroyerOfficial Yes. And his take of this wasn't the best.

@sjspiegel5552 Ай бұрын

This is some great work. It should be seen by way more people.

@menacezeroneutral Ай бұрын

great video. When the graph moved to 0.1% and the slope disappeared was pretty poetic to current times.

@MeteoImpact3374 Ай бұрын

The top 0.1% is the part that surprises me here. You always hear about the 80/20 split or whatever, but apparently at that level, not even that can describe the situation. The extreme wealth at the top is so wild that it's a damn shame that we can't at least provide people with their basic needs as a baseline.

@nottyseel949 Ай бұрын

There's no way that many people are above zero. Almost every college grad has to be circling the drain...

@comingle2559 Ай бұрын

I thought that was weird too. The data I had for the below zero crowd wasn't great

@nottyseel949 Ай бұрын

@@comingle2559 This is why I love data. I realize that most of my waking assumptions about life are just factually wrong. 🤣🤣🤣

@user-np9hr3cf2r 22 күн бұрын

That’s bs. A lot of college kids are ”below zero” but come from american families that have a net worth over 500k. Not all, but a lot.

@nottyseel949 22 күн бұрын

@@user-np9hr3cf2r Could be true, I'd need to see more specific data, the average household disposable income in US is $67k. So, it's hard to assess without seeing more specific breakdowns. As I said, often what seems true is completely the opposite of what the data says.

@brobertswray Ай бұрын

More people need to see this!!

@lavalord96 Ай бұрын

Dang. This is uh, a reality check. Good lord.

@BigSlimyBlob Ай бұрын

Wait... only 2.4k views? It should be millions. People need to know how rich the rich are.

@Simboiss 28 күн бұрын

Must be the rich billionaires hoarding all the views 😡

@brayfinance6060 Ай бұрын

Great video, hope you get some well deserved exposure from it!!

@VynxeVainglory 2 ай бұрын

The information in this video should be taught in every school.

@Akrilloth Ай бұрын

I love the ambience you put into this vid, really helps bring the point across.

@cryptomancer2927 Ай бұрын

Saw this from Asmon. Good job! Keep up the good work.

@PlanetJeroen Ай бұрын

Great vid, wouldnt have found it if not for Asmon, subbed :)

@onederb71nln83 Ай бұрын

came here from Asmon to give this guy a like and sub

@daggerthedragon1582 2 ай бұрын

A shout out to my comrades below zero!

@telapathicninja Жыл бұрын

wow this is a really good video

@NathLift Ай бұрын

Really good content ! More people should see this !

@Madg0bby 13 күн бұрын

This is undoubtedly in the top 10 most important infographics on YT. Too bad it only reached 12k. Let's just hope the algorithm picks up in the future. The perfect right angle that persists even in the 99.90-100.00% is something that needs to be seen AND understood.

3 сағат бұрын

Gotta use log scale because their greed/corruption/regulatory capture is so depressing. (And it looks like a process that involves power law distribution &| differential equations.)

@OGSpacely555 Күн бұрын

One person or one family having that much wealth is terrible for any economy because one person can only spend so much money.. therefore they are taking that money right out of the economy.

@iicaughtfiire 29 күн бұрын

This video is fantastic, understanding these concepts is essential, thanks for teaching me. Keep doing this work yall. I don't think anythings more important right now.

@RushZone Ай бұрын

Great video! I liked and subscribed.

@onederb71nln83 Ай бұрын

Great Vid!!

@jareddrake619 Ай бұрын

The Bald Man Cometh... We're here to like and subscribe

@ConradShawActor Ай бұрын

Check out the other vids on this channel, too. Good stuff here.

@fg786 29 күн бұрын

4:41 and these are the people politicians actually make politics for

@tempname8263 Ай бұрын

It'd be a lot more representative of wealth distribution, if you filled a square with circles, whose area are proportional to wealth of each person/group-median

@myleft9397 Ай бұрын

good video, asmon sent me

@GreenTea7792 Ай бұрын

Another Asmongold viewer here. Came here to like and sub, keep up the good work!

@MnMEminem 4 сағат бұрын

Spread the video!

@davidwebster4457 Ай бұрын

Great video! More people should see this incredibly important for the world's safety and future

@DreddMeister Ай бұрын

The 1% of the wealth belongs to glorified admins and gamblers who don't make money by producing necessities but by convincing people that their product is a necessity. My question is if the ones who handle the money get paid the most who's going to actually do the work that made the money? These people have assets and investments too. Why are the people who handle the money taking such a huge chunk for themselves?

@michakan Ай бұрын

@Comingle Is there any chance we can get a link to the chart you made for this video? Great work guys!

@comingle2559 Ай бұрын

Here you go... joshworth.com/jpw/i-made-a-chart-of-wealth-inequality-and-it-sucks/

@TheJonSpikes Ай бұрын

Don't forget to watch his whole video. KZfaq tracks that shit lol

@Revenant-oq9ts Ай бұрын

This is the Pareto principle in action, basically. Good stuff. Scary stuff.

@mikeferrini8884 2 ай бұрын

6!comments! Out of 1.2K views. Apathy and defeat

@ShadowofDeath771 Ай бұрын

Just trying to boost this in the algorithm

@jugglemonkey1153 Ай бұрын

Amazing video, this country is so joever

@JJMV-sl1ib Ай бұрын

Thank you for this. Is your chart available to the public?

@comingle2559 Ай бұрын

You can see it over here... joshworth.com/jpw/i-made-a-chart-of-wealth-inequality-and-it-sucks/ Been meaning to make the code public

Ай бұрын

Great video

@AzoraX0 Жыл бұрын

That was very interesting.

@linus6718 28 күн бұрын

The fact that this is an exponential curve and not a logistic curve is the epitome of what's wrong with this country

@Vaedan Ай бұрын

Great video, What software do you use to create your charts?

@mr_tomahawk Ай бұрын

Nice video man

@POLARTTYRTM Ай бұрын

Here in Brazil, the 6 richest people in the country are worth more in net worth than half of the population (110 million people) combined! The inequality is insane, this is why we are the 9th most unequal country in the world.

@youngsomalia1511 Ай бұрын

Very good work, friend. Hope I see you at the bottom. We'll be sharing chips.

@TheJonSpikes Ай бұрын

Another Asmon call-out Great vid bud 🫵🏿

@Soggygranite Ай бұрын

Asmon sent me

@Lycan3303 Ай бұрын

society has failed

@Smile200-z4y Ай бұрын

Blame Reagan and Kennedy for cutting the wealth tax from 90% to 37%. Kennedy cause of the kennedy family and reagan cause of trickle down economics

@Smile200-z4y Ай бұрын

Also the tax bracket we use is outdated. $400,000 in the 1940s was for the very top of the us ecosystem like having a separate bracket for the very rich. Now 400000 can mean doctors and lawyers even household incomes in expensive areas who arent outrageously rich are paired with Jeff Bezos. So they will vote for lower taxes. And thats part of the problem.

@Cherryplex-vu3ks 21 сағат бұрын

*America has failed

@anthonymeade7345 25 күн бұрын

I think the 98th percentile is probably doing alright.

@Dreadskull91 Ай бұрын

Here from the bald one, nice video

@dan-lionne Ай бұрын

Excellent video!

@SXHiroth Ай бұрын

really nice, keep it up

@diators1870 Ай бұрын

liked subbed commented, asmon was here.

@pax5072 28 күн бұрын

thats why i dont care about money as much! care about health, family and eating good is just better!

@GOD_AND_FLAT_EARTH_MUSIC_VIDEO Ай бұрын

asmongold

@repbacchista 5 күн бұрын

this is just awesome

@johannesschiele1513 Ай бұрын

saw it on Asmon's stream too. It's crazy that this is such a "forgotten" video with only 8k views and a year old. Gonna share this myself with a few friends, it deserves recognition!

@Jimjolnir Ай бұрын

Wow. A video showing the absolute insanity that is the disparity between the poor, poor, poor and the far-too-rich, from a year ago, that only has 1,800 views. I wonder why the 'algorithm' didn't pick this up and spread it far and wide?

@shikyokira3065 Ай бұрын

Because this video presents the data badly. Wealth growth that matters is a growth in % not in absolute number. If you have a skill that can grow wealth by $100,000 dollars per year, that's your worth in money terms. If you have skill that can grow any size of wealth by 20% per year, people will give you billions to make that happen, your worth will be $20m assuming you have $1b

@Megametalwolf Ай бұрын

Asmongold shouted you out. Subbbed and great video. Factual and interesting... should be taught this in school

@o.8184 Ай бұрын

watch it directly from the source

@Innomen 11 ай бұрын

Jesus. Effing. Jumped up. Christos.

@idn Ай бұрын

Good stuff!

@banbanglt Ай бұрын

Révolution! A la Bastille!

@cyberuser0 Ай бұрын

Good video ! Subbed and liked (and commented I guess since I'm commenting rn lulululul). I come from the asmongold reaction to your video

@KenoBeatZ Ай бұрын

And remember, this is just for the U.S. Extend that (or extrapolate it) to the whole World, and you will better understand how fuck(ed) we are.

@pastaleshta Ай бұрын

That's capitalism. Bravo!

@Zinjero585 Ай бұрын

Watched this with asmongold, good vid.

@twomorestars Ай бұрын

Unreal... but it is real. wow

@rooskadoodle5952 Ай бұрын

another asmongold transplant, good job, heres a like and sub

@wastelandking Ай бұрын

Asmon sent me here. The results of that chart are rather concerning. It doesn't tell the full story, but it tells me enough to see that the options to amass enough wealth to live comfortably have nearly diminished, and the gap is only growing wider. It's rather depressing to see. Thanks for the video.

@jackiebiskan4748 13 күн бұрын

asmond sent me

@tertainment414 Ай бұрын

Came from asmongold. But all your current videos aren't new viewer friendly. Great video tho 😁👍

@ConradShawActor Ай бұрын

The ITSA Live videos are recordings of a Twitter Space we do, and not very new viewer friendly (though the conversation on them is often really compelling). The other more produced videos on the Comingle, though, are fun and new viewer friendly, if you want to check those out. Like the How to Win a Strike one, the Comingle in 90 Seconds one, the one about economists in the woods, etc. They're all together in the Comingle Playlist.

@sh1k4maru Ай бұрын

🖖Asmon

@pixeldoor4792 14 күн бұрын

bump

@MatthewMS. 14 күн бұрын

I’m rich

@jun 27 күн бұрын

a log scale might be more realistic

@Krittening Ай бұрын

Remember to steal from the rich (this is a joke)

@Zenky10 Ай бұрын

Great video , find it watching Asmongold commenting on it.

@LESTATAK Ай бұрын

Me too😂

@neet5439 11 күн бұрын

@oihhoihihouuv 5 ай бұрын

👏 👏

@rinopro5556 Ай бұрын

Wealth inequality might be bad, but what this graph fails to show is that while the rich are getting richer, the poor are also getting richer. There isn't a limited amount of wealth that people just divide among themselves, with the rich getting most of it and leaving the crumbs to the poor. Wealth is constantly being created, so everybody gets richer, including the poor. The rich just get richer more quickly than anyone else because they provide goods and services that people actually want. Also, net worth gives off the wrong image. It's not like Bezos could just sell all of his assets and have 100 billion dollars, he could freely spend. He would have to pay lots of taxes, and the price would definetely go down when he's selling all his shares. His net worth is just a theoretical amount of money all his assets are worth, not liquid wealth he can use.

@ad10bv 13 күн бұрын

Muh fixed pie fallacy

@jgrizz7943 Ай бұрын

@Comingle The U.S. is not a Democracy, It is in fact a Constitutional Republic. Look it up, Google it, Read a History Book, or for goodness sake cay the U.S. pledge, you know the part where it says "to the Republic for which it stands" ! Remember! You Remember!

@ad10bv 13 күн бұрын

it's a representative democracy...

@jgrizz7943 13 күн бұрын

@@ad10bv Then you more than likely failed History. Here's a idea Google it before replying! ONCE MORE ! "I pledge allegiance to the Flag of the United States of America and to the Republic for which it stands, one nation, indivisible, with liberty and justice for all."

@jgrizz7943 13 күн бұрын

@@ad10bv Go ahead & show me where it says Democracy in the Pledge I'll Wait !!! Oh Yeah it never has. ;)

@jgrizz7943 13 күн бұрын

@@ad10bv whats our foundational document Oh Yeah thats right a Constitution!

@jgrizz7943 13 күн бұрын

@@ad10bv the only thing I remember in history that was related to Democracy was Democrats which Voted to keep slavery, to keep blacks from getting the vote, voted in jim crow.

@jannepeltola5487 Ай бұрын

a comment

@s4098429 22 күн бұрын

The problem is the quality of data, and your definition of wealth. The number of millionaires and billionaires is unknown, only the ones who want to be known are famous, plenty would prefer to remain private. Also you define wealth as the value of everything they own, this is very complicated for tax reasons. Elon Musk’s wealth is all on paper; if he tried to sell everything he wouldn’t get face value for it. There is also the question of individual vs household; are Elon Musk’s children wealthy? They probably don’t own anything, but they live well, a trust pays for their expenses, but your chart wouldn’t count them as wealthy.