Won't fit on the chart!
Seriously., then use a logarithmic curve.
And then he starts conflating income and Wealth? They are not the same thing. Wealth can be an conclogmeration of MANY generations of Americans. Should Parents not be allowed to hand down accumulated wealth to their kids?
And does the CEO works 380 times "harder" than the average employee below him?
How "hard" you work has NOTHING to do with it. Its the value you provide to others. If your CEO consistently delivers 100 of millions in profits via his administration, then yeah, he is worth some millions to the shareholders who are dividing up those hundreds of millions.
Your bottom 10% work on average 10 hours a week at manual labor that nearly anyone can do - and is therefore not valued as much in the marketplace. . Is it any surprise that they earn way less than others who work 60-80 hours and have a less common skill?
Are we talking households or individuals here? The Fed doesn't publish individual data - and the data they do publish is based on INCOME - not wealth, so how are you even coming up with these numbers? Do they include the federal benefits they are ALREADY getting for doing nothing? Isn't every american worth at least the Present Future Value of their SS and Medicare benefits? (what , those benefits won't be paid, why not I wonder? After all those people already paid for them and are getting less than 90% back even as promised!)
How many old people are there vs young in this distribution? If there are more old people, would it be surprising that they have accumulated more wealth than younger people and skew the curve upward? Wasn't there this thing called the Baby Boom? Oh, and how many young people are deep in debt ( of thier own choosing) and without jobs BECAUSE of the stupid socilaist polices already in place. Do you think that has any affect on wealth and income for them?
If this is household wealth, is it fair to compare what a single 20 year old is earning or has accumulated with a double income married couple in their 50s? Would you "expect" them to be the same?
Morons who make videos like this don't want to compare apples with apples.
And "ideal distribution" - who is to say what that is? Ask randome people anything and you will get also sorts of wrong answers based on misinformation - and this video admits - NO one even understands theis distribution now, right? So what make their idea of an "Ideal" distribution any more valid
If you accept that there is an "ideal" that should be enforced by law, you then implicitly accept the idea that individuals and their production are property of the community or the state and that such bodies have the right to take from others, by force, what they have earned through voluntary transactions in the market place and give the fruits of that labor to others who did not earn it based on some arbitrary "ideal"
A "skewed" wealth distribution means and proves nothing- because no one knows what it should be. But is such wealth only gets allocated into one place because someone FREELY and without Coercion decided that value was offered, and in turn exchanged the value they produce to pay for it, who is to say that is wrong?
When Cronies in a govt are allowed to pick and choose the winners in a marketplace- which is EXACTLY what is being proposed by this asshat- that is when real unfairness comes into play. Each and every "socialist" system ends with the Pigs living high on the hog in the farmhouse, while they scream at Boxer the horse to work harder. The weath curve this guy is bemoaning is a direct result of the sort of big govt this jerk is advocating.
