American Wealth Distribution Exposed on Viral Video

Wealth Distribution Viral Video

I want to share with you this really interesting viral video on wealth distribution in the American economy. We’ve probably all heard these statistics before, but something about this visual representation of them makes the contrast all the more striking. Which explains why this video is spreading quickly throughout the social media channels.

When I first watched it yesterday, it had about half a million views. Less than 24 hours later, more than two million people have watched it and that number is growing exponentially. Good. I want everyone to know exactly how uneven is America’s wealth distribution.

As you’ll see in the video, the top 1% of Americans hold more of America’s finances than the bottom 80% of Americans combined. Much more. According to this wealth distribution chart, the top one percent hold 40% of wealth, while the bottom eighty percent of Americans only hold 7% of America’s finances. WTF?

Rapid Growth of Wealth Distribution Inequity

And the most shocking revelation from this wealth distribution video is how quickly that dynamic has shifted. Most of this gross inequality has resulted in the last thirty years or so–since the late 1970’s. Does anyone else think it’s probably not a coincidence that all this disparity started about the time Reagan took office and began his “Reaganomics” policy during which he preached the glory of trickle-down economics?

According to Reagan’s theory, if we cut taxes on the very rich, that extra income for the super-wealthy would “trickle down” to the middle class and to average Americans via the creation of jobs and a stimulated supply-side economy. You might recognize that rhetoric even today. You know, the whole “job creators” dialogue. Somehow this myth continues to persist, despite the fact that basically every economist who isn’t in the pocket of a large corporation has disproved it.

Just watch the wealth distribution video and see if you think that trickle-down economics has been a success. Clearly, all it has done is make the rich much richer and the poor much poorer, also wrecking the middle class in the process. Think it’s safe to say this policy is a failure?

If you think everyone should watch this video, be sure to share it on Facebook, Twitter, Reddit, and anywhere else.

5 Comments

  1. […] From the archives .. This video has gone viral on the Internet .. Infographics on the distribution of wealth in America, highlighting both the inequality & the difference between the general perception of inequality & the actual numbers. The reality is often not what we think it is .. 6 minutes [Cliff Comment: Our posts on the sickening wealth distribution in the U.S. could lead some to the doltish idea that we advocate socialism. The opposite is true. Some readers’ comments suggest that our message is not getting through. Our criticisms have to do with America repudiating the principles which made it great, but still claiming to stand for those principles. We advocate free enterprise capitalism & the principles of money in the U.S. Constitution. (If this has not been made clear, please keep reading the ‘Cliff Comments’ that are sometimes attached to our posts OR go to one of the 2 search engines on this site & look for Cliff Comments). Our purpose is to try to get Americans to generally understand that: America’s financial system has evolved so that it is not free enterprise capitalism & the money is not as it was intended & defined in the Constitution. The founding principles led America to become the wealthiest nation on earth. Abandoning the principles of honest money & free markets is leading to America’s relative wealth decline, ‘gutting’ of the middle class & loss of an egalitarian society. MONEY .. the most important part of all markets .. is not ‘free’. America’s MONEY is controlled by a private cartel that formed a partnership with the government. This repudiates ‘free markets’ & capitalism. The cartel that controls America’s money no longer has any restriction on their power to create money for themselves & their closest associates. This repudiates the principles of money in the Constitution & the expressed principles of virtually every founding father (including Alexander Hamilton .. the strongest advocate of central banking among all the founders).] LINK HERE to our related posting from yesterday LINK TO OUR SOURCE […]

  2. […] From the archives .. This video has gone viral on the Internet .. Infographics on the distribution of wealth in America, highlighting both the inequality & the difference between the general perception of inequality & the actual numbers. The reality is often not what we think it is .. 6 minutes [Cliff Comment: Our posts on the sickening wealth distribution in the U.S. could lead some to the doltish idea that we advocate socialism. The opposite is true. Some readers’ comments suggest that our message is not getting through. Our criticisms have to do with America repudiating the principles which made it great. America claims to stand for free markets, but the money is controlled by a politburo. America claims to stand for capitalism, but has changed its money into one that has no claim on capital. The money has been turned into nothing more than credit. We advocate free enterprise capitalism & the principles of money in the U.S. Constitution. (If this has not been made clear, please keep reading the ‘Cliff Comments’ that are sometimes attached to our posts OR go to one of the 2 search engines on this site & look for Cliff Comments). Our purpose is to try to get Americans to generally understand that: America’s financial system has evolved so that it is not free enterprise capitalism & the dollar has evolved into something that would have gotten the Federal Reserve imprisoned for treason at the time of the Constitution. The founding principles led America to become the wealthiest nation on earth. Abandoning the principles of honest money & free markets is leading to America’s relative wealth decline, ‘gutting’ of the middle class & loss of an egalitarian society. MONEY .. the most important part of all markets .. is not ‘free’. America’s MONEY is controlled by a bank cartel that formed a partnership with the government. This repudiates ‘free markets’ & capitalism. The cartel that controls America’s money no longer has any restriction on their power to create money for themselves & their partners. This repudiates the principles of money in the Constitution & the expressed principles of virtually every founding father (including Alexander Hamilton .. the strongest advocate of central banking among all the founders).] LINK HERE to our related posting from yesterday LINK TO OUR SOURCE […]

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