Income Distribution United States

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I explain everything you’d ever want to know about income distribution in America.

How much people make
What taxes they pay
What they spend their money on
How the wealthiest are able to avoid taxation
Income and taxation of corporations and Billionaires in the United States

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16 responses to “Income Distribution United States”

  1. Daniel Garcia Avatar

    Your videos are the best!! 😀 Thanks a lot!

  2. DailyLGS Avatar

    Didn't even know you made videos like this! Every topic your cover in life is great. Really having me rethink the nature of the problems we face as a country. It all comes down to policy.

  3. David Morris Avatar

    I'm someone with a post graduate degree in economics. I generally come to your site for the computer science (being that its one of the few pro-growth sectors we have at the moment, and I need employment). I applaud how relatively free of subjective frames on people of different incomes. Relatively.  Well done!

    For those reading this, I advocate to please not assign moralistic values to words like "rich" or "corporation." Disparities aren't caused because corporations are "evil" or because all rich people are tyrannical a-holes we fear.

    Nay. Causality behind the disparities in these numbers are simply the consequences of policy over time.

    Economic case studies reveal that tax policy is clear, consistent, and fair in HOW its collected, the incentive to shelter one's taxes is diminished.

    And this my friends, is why comprehensive tax reform is necessary. An efficient flat tax system set an pro-growth optimal rate of 27% would both increase total government revenues while increasing the overall wealth of the nation as a whole. In relative terms (talking about percentages), there would still be rich people. And the rich would still be getting rich. But the poor (such as yours truly) would be getting richer too (in the absolute terms of purchasing power).

    Thank you Derek, and well done on the presentation. I encourage us all to stay up to date and to search for solutions from the higher powers that be: Think Tanks. Check out the Cato Institute, Brookings, Urban Institute, Heritage Foundation, AEI, and more to immerse yourself on finding true solutions that are good for everyone.

  4. yukimura2808 Avatar

    Thumbs up for the ups and downs of his rapping abilities

  5. Derek Banas Avatar

    @bocanutz The government makes it easy for large corporations to increase their incomes by providing them with lax regulations. Meanwhile the vast majority of tax payers have to pay for the pollution, infrastructure damage, etc. that comes from these lax regulations. All the worlds people have paid dearly for the lack of financial regulation

  6. Derek Banas Avatar

    @famousjennies I do my best to get reliable information. Tons of data can be found at the bureau of labor statistics. No left wing reporter would say the bottom 50% pay 3% in fed income tax. No right wing reporter would say the top .1% pay 11%. I think the main problem is that politicians work for those who fund their campaigns. That means if you're not rich or in a union you don't matter. If the top 5% are rich and another 11% are in unions that leaves 84% with nothing

  7. Jenny Meara Avatar

    Hi, I really like your videos on finance and economics. You present the material very well and make it easy for people to understand with real facts. (Meaning, no spin!) I found data saying that 1953 was the year with the lowest average unemployment rate (2.93%). I'd be interested in seeing a video that looks at the socio-economic climate of that year. So that's my suggestion for your next project, hehe! Thanks again and keep up the good work here! 🙂

  8. Derek Banas Avatar

    @bishopTh3android What is really scary is that most of this information was based on 2008 data. I choose it because it is highly reliable. When the new federal reserve board survey of consumer finances comes out in 2012 we'll really see the damage that has been done. The shame is that if just eliminated corporate and PAC contributions and modeled ourselves after the best of the German model we would get amazing results. That's why we must force both parties to do the right thing

  9. Derek Banas Avatar

    @Rockforce80 It took over 30 years and 6 presidents to create this mess. It will take a long time to fix

  10. Derek Banas Avatar

    @ratunkupolicja I watched the first 3 parts. I wish it was more detailed. I have the stats on service industry jobs in 1950: 28% vs 2008: 44%. Manufacturing 1950: 38% vs. 2008: 18%. I agree a vast majority of these jobs could be replaced by machines except for those that deal with the elderly. Dramatic changes should have occurred in society as a whole. One problem is that psychologically people resist change after age 50. There are very few sub 50 year olds in government 🙂

  11. Derek Banas Avatar

    @elipb123 I don't think they are necessarily that intelligent. Most of the billionaires either inherited, swindled others, or were just lucky. The average net worth of members of congress is over a million. The average family in the US has a net worth of $87,000. I'm sure there is a major disconnect there

  12. Derek Banas Avatar

    @Rockforce80 I think one of the requirements of running for political office should be the passing of a psychopath test. In California if a violent criminal can't pass this test they are imprisoned for life. The FBI also has self esteem tests that would show if a person would be a honorable leader. If 5% of men are psychopaths I have little doubt that most government officials are. Why would we ever want a leader that lacks the ability to empathize with others?

  13. elipb123 Avatar

    so the wealthiest people, who are most likely the most educated (because they made so much money) are smart enough to move their money to pay the least amount of taxes?
    not to mention the fact that the law makers are also wealthy, and benefit from these tax exploits, as well as (probably) receive nudges from the wealthiest people to allow these laws to pass.
    the most powerful make the rules, and are thus able to control the most. yep.

  14. Derek Banas Avatar

    @Rockforce80 I missed your point. The only people that would believe they gain power through destroying everyone else would be a psychopath. You guys are bringing up great points I have never thought about. I don't believe there is a vast conspiracy. Maybe I'm wrong? It just seems hard to grasp

  15. Derek Banas Avatar

    @ratunkupolicja I've watched Zeitgeist. Might this be true? Yes. I believe most in power are simply doing the opposite of what didn't work in the past. I hope that people act in the best interest of all, but that may be idiotic based off of all the statistics I have seen. There is just no logic in destroying everything. Money only has worth if the people believe it has worth. So what do the elite gain by taking massive amounts of paper that nobody believes in? Interesting either way

  16. Derek Banas Avatar

    @ratunkupolicja I'm amazed that more things aren't automated. Why has our education system not changed to focus on problem solving and creativity? I don't think machines can solve all problems though. I work as part of an organization that turns around corporations. Do you know what works most everytime? Personality testing of all employees. It eliminates the problems and allows everyone to maximize their strengths. That's using science to fix problems. I'd love to test the government!

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