Saturday, March 2, 2013

Viral Video Illustrates U.S. Wealth Inequality

I caught this video on Mashable. It caught the interest of that site's editors because the video is showing signs of going viral. As I write this, this video has been viewed on YouTube almost 50,000 times.

The video is actually a little long and a little wordy. I'm surprised it may go viral. But what really surprised me were the comments the video is drawing. If you graph what most of us, like more than 90 percent of us, see as a truly equitable and expected distribution of wealth, you would find that even the majority of wealthy folk fall below the line.

Yet, there are comments saying stuff like:

" . . . Abundance exists. Study wealthy people. . . . They proceeded to become wealthy by working hard, and intelligently . . . There are people who dream big, work smart, work persistently, and make their dreams come true, and there are people who refuse to do these things, or who are ignorant of how wealth is acquired."

I'm in my mid 60s. I can recall when a rich family was marked by their lavish home; They had a garage: A home for their car!

I have a friend, an engineer, who worked in Detroit in the car industry. I can assure you, he did more positive stuff for the car companies than those millionaire execs who guided the companies into bankruptcy. Today he has retired on a pittance and those worse than useless execs are living in comfort, their hard financial landings cushioned by golden parachutes.

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