Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
References:
http://www.motherjones.com/politics/2...
http://danariely.com/2010/09/30/wealt...
http://thinkprogress.org/economy/2011...
http://money.cnn.com/2012/04/19/news/...
Transcript:
0:00
there's a chart SR recently that I can't get out of my head
0:03
Harvard Business professor and economist ass more than 5,000 Americans
0:08
how they thought well was distributed in the United States
0:12
this is what they said they thought it was dividing the country into five rough
0:15
group at the top bottom
0:17
and middle 3 20 percent group they asked people
0:21
how they thought the wealth in this country was divided NES them
0:25
what they thought was the ideal distribution and ninety-two percent
0:29
that at least nine outta 10 a.m. said it should be more like this
0:33
in other words more equitable than they think it is
0:37
now that fact is telling admittedly the notion that most Americans know that the
0:41
system is
0:42
already skewed unfairly to what's most interesting to me
0:46
is the reality compared to our perception the ideal
0:50
is as far removed from our perception is reality
0:54
as the actual distribution is from what we think
0:57
exists in this country so ignore the ideal for a moment
1:01
here's what we think it is again and here
1:04
is the actual distributional shockingly skewed
1:08
not only to the bottom 20 percent and the next 20 percent
1:12
the bottom forty percent of Americans barely have
1:16
any the wealth I mean it's hard even see them on the chart
1:20
but the top one percent has more of the country's wealth
1:24
then nine out of 10 Americans believe the entire top 20 percent should have
1:29
mind-blowing but let's look at it another way because
1:33
I find this chart kinda difficult to wrap my head around instead let's reduce
1:37
the 311 million Americans to
1:40
just a representative 100 people make it simple
1:44
here they are teachers coaches firefighters construction workers
1:49
engineers doctors lawyers some investment bankers the CEO
1:53
may be a celebrity culture now let's line him up according to their wealth
1:57
poorest people on the left wealthiest on the right just a steady row folks based
2:02
on their net worth
2:03
color coding like we did before based on which 20 percent quintile they volunteer
2:09
now let's reduce the total wealth the United States
2:12
which was roughly fifty four trillion dollars in 2009
2:16
to this symbolic pi love cash and let's distributed
2:21
among our 100 Americans well appear socialism
2:25
all the wealth of the country distributed equally we all know that
2:28
will work
2:29
we need to encourage people to work can work hard to achieve that goal American
2:33
Dream and keep our country moving forward
2:36
so hears that night deal
2:39
we asked everyone about something like this occur
2:42
this isn't to bed we've got some incentive as the wealthiest folks are
2:46
now about
2:47
10 to 20 times better off in the poorest Americans
2:51
but hey even the poor folks aren't actually poor
2:54
since the poverty line is stated almost entirely off the chart
2:58
we have a super healthy middle-class with a smooth transition into wealth
3:03
and yes Republicans and Democrats alike chose this curve nine out of 10 people
3:09
ninety-two percent said this was a nice ideal distribution of America's wealth
3:14
the let's move on this is what people think
3:18
America's wealth distribution actually looks like not as equitable clearly
3:23
but for me even this still looks pretty great
3:26
yes the poorest 20 to 30 percent are starting to suffer quite a lot compared
3:31
to the ideal
3:33
in the middle class is certainly struggling more than they were
3:36
while the rich in wealthier making roughly a hundred times that of the
3:40
poorest Americans
3:41
in about ten times that if the still healthy middle-class
3:44
sadly this isn't even close to the reality
3:48
here is the actual distribution of wealth in America
3:52
the poorest Americans don't even register
3:56
they're down to pocket change and the middle class
4:00
is barely distinguishable from the poor in fact
4:03
even the rich between the top 10 in 20 percentile
4:07
are worse off only the top 10 percent or better off
4:10
and how much better off so much better off the top
4:14
to 25 percent were actually of the chart
4:17
at this scale and the top one percent
4:20
this can were his stack of money stretch is ten times higher than we can show
4:27
here's his stack of cash re stacked all by itself
4:31
this is the top one percent we've been hearing so much about
4:34
so much green in his pockets that I have to give him a whole new column his own
4:39
because he won't fit on my chart 1 percent of America has
4:43
forty percent of all the nation's wealth
4:46
the bottom eighty percent 8 out of every 10 people
4:50
work a Dr these 100 only has
4:53
seven-percent between them in this
4:56
only gotten worse in the last twenty to thirty years
4:59
while the richest 1 percent take home almost a quarter
5:03
the national income today in 1976
5:06
they took home only nine percent meaning their share of income has nearly tripled
5:10
in the last thirty years
5:13
the top one percent own half the country stocks bonds and mutual funds
5:18
the bottom 50 percent of Americans only
5:21
half a percent these investments which means
5:25
P aren't investing they're just scraping by I'm sure many of these wealthy people
5:29
have worked very hard for their money
5:31
but do you really believe that the CEO was working
5:34
380 times harder his average
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employees not as lowest-paid employees not the janitor
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but the average earner in his company the average worker needs to work more
5:46
than a month
5:47
turn with the CEO makes in one our
5:51
we certainly don't have to go all the way to socialism to find something that
5:55
is fair
5:56
for hard-working Americans we don't even have to achieve what most of us consider
6:00
might be
6:01
ideal all we need to do is wake up
6:04
in reliance that the reality in this country
6:08
is not it all what we think it is
Source: Youtube
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