The Insane Scale of Global Wealth Inequality Visualized
video description
Date: 2023-12-14
Related videos
Comments and reviews: 25
-AaronKlapheck
This wealth inequality comparison is absurd. How much you make is mostly dependent on which country you live in. Net worth and the amount of money someone has to spend are completely different things, not even close to how money actually works. Living standards for everyone are increasing, the living standard gap is shrinking every passing year. I lived at the poverty line in the USA and had a rental apartment, food, cloths, car, and amenities. That could not have been said 100 years ago. Everything is getting better, not worse. If a video is designed to make you upset, it is likely using manipulation.
reply
This wealth inequality comparison is absurd. How much you make is mostly dependent on which country you live in. Net worth and the amount of money someone has to spend are completely different things, not even close to how money actually works. Living standards for everyone are increasing, the living standard gap is shrinking every passing year. I lived at the poverty line in the USA and had a rental apartment, food, cloths, car, and amenities. That could not have been said 100 years ago. Everything is getting better, not worse. If a video is designed to make you upset, it is likely using manipulation.
reply
-BullCheatFR
Unfortunately this is just a bunch of numbers thrown around. Averages that aren't comparable are being compared (world inequality compared to specific countries inequality. The billionaires total net worth is subject to a threshold effect which makes it close to meaningless.
I would love to see a statistician compute and explain these numbers, then compare them to other things in nature because there is definitely an interesting story to be told imo.
reply
Unfortunately this is just a bunch of numbers thrown around. Averages that aren't comparable are being compared (world inequality compared to specific countries inequality. The billionaires total net worth is subject to a threshold effect which makes it close to meaningless.
I would love to see a statistician compute and explain these numbers, then compare them to other things in nature because there is definitely an interesting story to be told imo.
reply
-thehowerd8634
I-ll never forget when I visited L. A. on vacation I saw multiple Ferraris and Lamborghinis drive past dozens of homeless people living in tents shooting up heroin on the sidewalks- It was probably the most disgusting example of wealth inequality I-ve ever seen in real life. I just will never understand people who think that taxing the rich and using that money to help the poorest people in society.
reply
I-ll never forget when I visited L. A. on vacation I saw multiple Ferraris and Lamborghinis drive past dozens of homeless people living in tents shooting up heroin on the sidewalks- It was probably the most disgusting example of wealth inequality I-ve ever seen in real life. I just will never understand people who think that taxing the rich and using that money to help the poorest people in society.
reply
-oldgreg315
Invest a meaningful amount of your respectable developed country income like 30%+, and you too can join us in the global 1% (aspiring US 1%) in little more than a decade or two thanks to how few people actually do this. See you soon!
Side note: thank you for not discussing income in a video about wealth inequality. Puts your outfit in a minority that know what these terms mean unfortunately.
reply
Invest a meaningful amount of your respectable developed country income like 30%+, and you too can join us in the global 1% (aspiring US 1%) in little more than a decade or two thanks to how few people actually do this. See you soon!
Side note: thank you for not discussing income in a video about wealth inequality. Puts your outfit in a minority that know what these terms mean unfortunately.
reply
-deeperperspective
This is not surprising at all. Most people can't stack money due to their impulses and lack of discipline. Money stays and grows with people who know how to keep it. Even if we distributed all world's money equally on every person after some time that money will stil find way back to that top 1% of people who know how to make and save money.
reply
This is not surprising at all. Most people can't stack money due to their impulses and lack of discipline. Money stays and grows with people who know how to keep it. Even if we distributed all world's money equally on every person after some time that money will stil find way back to that top 1% of people who know how to make and save money.
reply
-billnye69
I'll never understand people wanting more money then they could ever spend across 10 life times. There is no logic to it.
The life of a super rich person makes no sense, a house with 20 bathrooms, a garage with 50 cars. etc. You can only shit in one toilet at a time, how many asses you have?
reply
I'll never understand people wanting more money then they could ever spend across 10 life times. There is no logic to it.
The life of a super rich person makes no sense, a house with 20 bathrooms, a garage with 50 cars. etc. You can only shit in one toilet at a time, how many asses you have?
reply
-fourcgames7568
Wait so you're telling me that in 2019 Elon Musk wasn't even in the top 10, but became number one as early as in 2021? Jeez that guy knows what he's doing doesn't he? I mean that's insane that in less than 2 years he sky rocketed (lol, get it? sky ROCKETED) to number one.
reply
Wait so you're telling me that in 2019 Elon Musk wasn't even in the top 10, but became number one as early as in 2021? Jeez that guy knows what he's doing doesn't he? I mean that's insane that in less than 2 years he sky rocketed (lol, get it? sky ROCKETED) to number one.
reply
-ThePaleoJunkie
Comparing wealth to GDP: apples to oranges. -Struggling with inequality- - that-s a mental disorder called -envy. - Consider looking at incomes over time-look at the number of people earning $2/day now vs. 100 years ago vs. 250 years ago vs. the 20, 000 years before that.
reply
Comparing wealth to GDP: apples to oranges. -Struggling with inequality- - that-s a mental disorder called -envy. - Consider looking at incomes over time-look at the number of people earning $2/day now vs. 100 years ago vs. 250 years ago vs. the 20, 000 years before that.
reply
-larss592
Fact the ratio between the avg american wage earner and the top 1% in 1912 was 12-1 in 1973 it was 213-1 on 2017 it was 514-1, 2019 720-1 1 So 2017 avg us inco. e qas approx 50k. 514- 1 then computes to $27, 540, 000/ year. Feel free to do the math on the rest.
reply
Fact the ratio between the avg american wage earner and the top 1% in 1912 was 12-1 in 1973 it was 213-1 on 2017 it was 514-1, 2019 720-1 1 So 2017 avg us inco. e qas approx 50k. 514- 1 then computes to $27, 540, 000/ year. Feel free to do the math on the rest.
reply
-butchfajardo8832
The rich wants us to have lots of children because they want a continuous supply of slaves. Looking at the suffering of kids now, im so glad i made the right decision not to have kids! We are all just expendable slaves!
reply
The rich wants us to have lots of children because they want a continuous supply of slaves. Looking at the suffering of kids now, im so glad i made the right decision not to have kids! We are all just expendable slaves!
reply
-butchfajardo8832
If everyone in this planet has been responsible, we won't have suffering. If everyone who knew that they can't afford to have kids and can not give a good future didn't have kids, we won't be in this situation now.
reply
If everyone in this planet has been responsible, we won't have suffering. If everyone who knew that they can't afford to have kids and can not give a good future didn't have kids, we won't be in this situation now.
reply
-SarahShante
I wonder how things have changed after the pandemic. In America I'm middle class, but in the top 10% globally. That's crazy and still unbelievable to me, but it makes me more grateful for being an American.
reply
I wonder how things have changed after the pandemic. In America I'm middle class, but in the top 10% globally. That's crazy and still unbelievable to me, but it makes me more grateful for being an American.
reply
-qcop4921
Billionaires shouldn't exist. There's should be a limit on receivable income. All income over a threshold cap should be totally confiscated for social and infrastructure programs.
reply
Billionaires shouldn't exist. There's should be a limit on receivable income. All income over a threshold cap should be totally confiscated for social and infrastructure programs.
reply
-bobbyrumsey7968
It will go up but it until a billionaire dies and when places like Africa and parts of Asia become more wealth and they will join the middle class in wealth
reply
It will go up but it until a billionaire dies and when places like Africa and parts of Asia become more wealth and they will join the middle class in wealth
reply
-DAWOL2025-fs1ve
You can't average in the less than 1% into a nations wealth. America is extremely poor because they have been robbed. You can't average in the thieves.
reply
You can't average in the less than 1% into a nations wealth. America is extremely poor because they have been robbed. You can't average in the thieves.
reply
-larss592
China in 2019 was reportedly 2000- 1. Any ideas as to why our global elites want to move to that type system. Kinda makes the agenda clear doesn't it.
reply
China in 2019 was reportedly 2000- 1. Any ideas as to why our global elites want to move to that type system. Kinda makes the agenda clear doesn't it.
reply
reallifelore
5: 06
Feel like I only have $0. 69 in my bank account now- I just shoving it in my face that I'm put even though I have like 3 million dollars
reply
5: 06
Feel like I only have $0. 69 in my bank account now- I just shoving it in my face that I'm put even though I have like 3 million dollars
reply
-StreetDrilla
GDP Per capita around the world-
Oceania - 40, 172 -
Europe - 31, 483-
Americas 30, 000-
Asia - 6, 796-
Africa - 2, 138
reply
GDP Per capita around the world-
Oceania - 40, 172 -
Europe - 31, 483-
Americas 30, 000-
Asia - 6, 796-
Africa - 2, 138
reply
-ethanbrown7233
I looked at my dads net worth and it was 4% but it was the American scale where the average is 404000 dollars not the world one
reply
I looked at my dads net worth and it was 4% but it was the American scale where the average is 404000 dollars not the world one
reply
-eVill420
oh wow, I guess my net worth would be around 10k right now, eh not bad considering I'm 19 and already in the global half-decent class
reply
oh wow, I guess my net worth would be around 10k right now, eh not bad considering I'm 19 and already in the global half-decent class
reply
-ladaniranpour7025
Hi, I want to reference your data for a report, would you please give the source? By the way thank you for your great video.
reply
Hi, I want to reference your data for a report, would you please give the source? By the way thank you for your great video.
reply
-bothompson-ov6ju
Money basically is just an idea in a person's head I think we all should get together and come up with a better idea
reply
Money basically is just an idea in a person's head I think we all should get together and come up with a better idea
reply
-modooglio
Despite all the chaos that's been going on, we Americans still got it pretty good. We're all living in lala land.
reply
Despite all the chaos that's been going on, we Americans still got it pretty good. We're all living in lala land.
reply
-TorbenRudgaard
In Denmark we got a motto. -We all do better when we ALL do better-. I guess this is not the motto in US?
reply
In Denmark we got a motto. -We all do better when we ALL do better-. I guess this is not the motto in US?
reply
-tw2147
It's crazy that Elon Musk wasn't even on the top 10 list 2 years ago but now he is first or second in the world.
reply
It's crazy that Elon Musk wasn't even on the top 10 list 2 years ago but now he is first or second in the world.
reply
Add a review, comment
Other channel videos
