This video will shock you! One of the flaws of Capitalism 1.0 is that the system has been hijacked to concentrate wealth. Perhaps you would argue that we need a system that rewards hard work, creativity and ingenuity – ABSOLUTELY but this is ridiculous. This type of wealth concentration is gutting the middle class, it does not reward millions of hard working people and this does not make for a thriving economy or society.
Today In the US, the richest 1%….
- take home 24% of the national income while in 1976 it was 9%.
- they own 50% of the county’s stocks, bonds and mutual funds while the bottom 50% own 0.5%
- The average employee in a company has to work 1 month to make what the CEO makes in 1 hour