Birds of a feather flock together especially rich ones. A millionaire is found in amsterdam this is where europes super rich meet. Their becoming rich and rich more numerous than. The rest of the population envious of. Rightfully so. Theres a wealth of myths out there about being rich money doesnt make you happy news germany is ignorance about wealth to be honest. The on equal distribution of wealth causes problems. Scientists have now discovered the rich as a group to be starting. Trillion euros one thousand and twelve zeros thats how much the worlds rich spend every year on luxury items such as a romper for fifteen thousand euros with diamond buttons. Whats the point of this superfluous luxury the colors the diamonds the diamonds the. Young and the people yes its very special i do got to love this wealth seeing what you can buy in the world is a sight to behold. And a veil the sparkle yeah i like both also have pearls theres just yes something about it its it looks beautiful. Academics havent really looked much the topic of wealth to date for more than thirty years social scientists looked mainly at poverty but now the distribution of wealth is being seen in the round. This is how we perceive the rich in the media what a foreign concept tax is why theyve got their money in the bahamas. But is that a cliche for the reality its hard to find out the rich isolate themselves they stick together. Thomas durian is a plutonic just he studies wealth he knows many super rich people personally. Id say that great wealth one hundred million three hundred million up is an attack on your character of the cocktails you have to have an extremely strong character to avoid falling for a to the temptations that come with it for boynton is a need to provide those few its your distance from the everyday problems suffered. Others. And when you watch the news it feels like youre watching a Science Fiction show from another planet for the on the planet. Thomas doing is visiting company heiress cast in shubert today thanks to his research he has access to a world thats normally closed to outsiders. Thomas has interviewed several hundred multi millionaires and billionaires already he set up the worlds only academic chair in wealth psychology in vienna. Youre ok with us recording the conversation. Thats going to me when you were a little girl when was the first time you became aware that youd like these rich. Possibly because they went on a holiday more often than other children at school but otherwise we grew up in a very grounded fashion and it wasnt evident to me for me. Because the schubert inherited a business with an annual turnover of one hundred twenty Million Euros then she sold it for a lot of money the millionaire heiress has written a book about her experiences she likes talking about the downsides of her inheritance. I think very closely about whom to being greater contact with. Whom i tell what im doing and who might invite to my home. Or and. I think very closely about what advisors i can trust in my life it happens that our closest adviser our tax advisor and executor and bad intention. For a lifetime but often does not collect. These are worries and fears some of us would like to have the rich prefer it if nobody really knows just how rich they really are. Almost a million has discovered that in germany many super rich people hide their wealth and present a modest face to the outside world. Of which you can sense this guilty conscience theres a certain fear of society what would they say about me going to do with your feeling that is if youre not willing which is all to the far i know many who think very closely about what car to drive and how they should present their homes and whether it wouldnt be better to have a regular flat here and maybe something bigger her or more riches. The strategy of the german millionaires and billionaires to Stay Grounded and to lead a normal middle class life the opposite is true in russia or in the United States these cultures like showing off austria has a different mindset to. The uk not these cultures celebrated they celebrate the characters titles still play a role its a family membership the aristocracy belonging to those groups comes with a certain value and its a different mentality and. I dont know if. This is. Its more emotional that. In germany its more rational and in switzerland its why its on the high for sheens so we have three different types of wealth mentality that it. Does wealth actually means. In its report on wealth and poverty the German Government defines people with assets of more than five hundred thousand euros as rich regardless of whether that moneys in a bank or tied up in a house. Many International Academics say thats not enough they say someone is rich if they have more than a Million Dollars freely available that means Owner Occupied housing doesnt count. After thirty Million Dollars someone is considered super rich. There are more than a million millionaires and more than one hundred and twenty billion as in germany. Three quarters of rich people are male and their average age is fifty nine. Its hard to get rich by working for someone else entrepreneurs and self employed people stand a better chance. Than half of rich people cite self employment as the foundation for their wealth. And more than three quarters of them have already inherited. These figures come from marcus got up to hes a distribution scientist and gathers dater about wealth and income in germany. And. Even though the german welfare state often catches those in need wealth in this country one of the richest. In the world is also distributed unequally. Half of the population possesses just one percent of the entire wealth in the country. A tenth of all germans meanwhile possessed seventy percent of the wealth. These figures are estimates only there are no official statistics about wealth anymore since the wealth tax was abolished in one nine hundred ninety seven but there are tax data on the subject of income they reveal that those who already have given more. Busy in some of them or worse in the fund we can see that those at the top edge of the top tax bracket are seeing particularly big increases in their income thats a phenomenon were witnessing internationally indorsement thats confirmed in germany by bonuses paid to Board Members on Companies Listed with the German Stock Exchange and in doing oxy go ya know can it find on fire in the eightys the ratio was about eighty to one compared to an average employee. Today its at two hundred to one hundred. The big gap in incomes is one of the reasons why the distribution of wealth is becoming increasingly unequal. According to the German Institute for Economic Research germany and austria have the greatest wealth inequality of any countries in the eurozone. Marcus also studies wealth mobility. How difficult is it to climb the wealth ladder. The result here is that the top earners have increased their ability to remain in the top income brackets in recent years at the same time we see the same tendency at the bottom of the scale and. Those who come from a basic income situation in germany have had a reduced chance over the past ten years of elevating themselves to a middle class income. Let alone a top level in comfort. From dishwasher to millionaire hardly anyone can make this dream a reality anymore the gap between the middle class and the rich is widening. In addition to those who are already at the top of Wealth Distribution are very likely to inherit a lot of money during their lifetime and in turn theyll pass on their wealth to their children. Family in westphalia now they Christina Austin mine is among the lucky ones who will inherit a substantial fortune one day in the form of a company. Her great grandparents founded a wholesale food business it turns over around seventy five Million Euros a year. Married christina owes them on her. Has run the business without father for around ten years now the business is handed on from generation to generation in a family and the family fortune grows. Management hasnt any more than when i speak out in public as an entrepreneur i get a lot of pushback from a lot of people who have different views some of them are big time a business woman and that i was born into a Family Business and our decision to name of them been. Ive been accused of having being born with a silver spoon in my mouth and that i have not achieved through personal effort. Needed for the. Vestments in the future so that you can secure jobs in the long term so when. In twenty fifteen almost a hundred and two billion euros changed hands by way of requests and gifts the state only got six point three billion euros in taxes from that. According to predictions even more wealth will be inherited in the future. The generation of the economic miracle is dying leaving its fortune behind over the next ten years an estimated two to four trillion euros will be passed on inheritances but not everyone will benefit. Around half of all germans wont inherit anything only. Happy eight percent of all layers will get more than forty percent of germanys wealth. A university of economics and Business Studies how social inequality is passed on. The generations. Inheriting is a big issue in austria in two thousand and eight the inheritance tax was abolished even though more and more wealth is being passed on in bequest here to me. For all men years here we can see the volume of wealth that will be inherited in the coming fifty years were currently estimating a value of around fifteen billion and this value will more than double by the year twenty fifty. Seven is convinced that although inheriting doesnt cause inequality it in trenches it its not fair he says that high taxes have to be paid on money earned from work but none for wealth from inheritances thats why home is in favor of reintroducing the inheritance tax as an equalizer an element. Of. The current. We could use this inheritance tax to reduce the tax burden on work and we could support several other things of social value. Because if. We could increase the equality of opportunity and intergenerational fairness. Fayned understood we want to prevent households from drifting further and further apart if we want to put the brakes on wealth inequality claims. The company heiress Mary Christina was the man once to reach young people from all social classes with her start up teens initiative she wants to inspire them to start their own Companies Business people like her who dont agree with wealth and inheritance taxes. She believes the inheritance tax on business assets should be as low as possible. This should add fuels this whole debate of them people who say that contribute nothing of their own and that they should therefore pay a lot of taxes because thats fair but i think its incredibly unfair because the money in question has already been taxed several times in fact so why should it be taxed yet again and the second thing is this money isnt at the free disposal of Business People its tied up in the companies because it urgently needed. Jeff on him and knows this argument but he still says sparing company is wrong because theyre particularly privileged. And the same as they are directly human in into from we can see very clearly in the dr on Wealth Distribution that Business Ownership and wealth are concentrated at the top of the distribution as a venue it hopes for moving syria if you go easy on Company Wealth you have to bear in mind that your favoring those households that are situated at the top of the Wealth Distribution. On the bits of the family was fertile and significant. Not everyone at the top wants to spend all their money or leave it to them as. Some want to give back to society and make use of Tax Advantages quite by the by with a foundation. The donor makes a certain amount of money available. The Foundation Capital isnt touched. All the activities at the foundation are paid for through interest from the capital alone. Since almost all foundations are set up for eternity there are some curious foundation purposes a church in hamburg hands out fifteen sets of underwear to women in need thats what the donor decreed in the year seven hundred sixty two. Over the past fifteen years the number of foundations has gone up dramatically the register of german foundations contains around twenty three thousand entries. Sociologist frank has been studying foundations for decades he says its not fair that foundations enjoy so many Tax Advantages while ordinary clubs and societies dont he also criticizes the eternal nature of foundations. And the special feature of foundations is that the donors wishes remain valid even after their death over the decades and centuries that this foundation is active in a charitable sense the foundation has Tax Advantages. Now youre stuck with this indio sink receiver and this strong tie to the donors wishes without giving society a say at all and you can criticize that from the perspective of democratic theory to. The rich can save on taxes via their foundation and assert their own views of what is good for society they alone determine what to support what constitutes a good cause not society not the government. Thank god love demands more social control over foundations being able to make decisions about Charity Means power. And for less than and you leave behind the neurosis fear of business and you turn to other areas that leads to a change in your status as a member of the elite before hand you are only a member of the economic elite the foundation can contribute to you becoming a member of a charitable italy offered by a target of mine didnt its here. What happens when elites are the only ones who have the say to see that we can turn to the United States here the rich have great political power. With the election of donald trump the white house is now inhabited by a billionaire half of all senators are millionaires. Inequality in the United States is greater than in any other industrialized country. Education is a luxury the best universities are exclusively private. Only those who can afford the tuition fees of around forty five thousand euros a year can study in princeton that money has to come from the parents or from a scholarship. Martin guillens a member of the department of politics at princeton examines the role of big money in politics. While money and politics so closely linked in the United States one reason is that elections arent publicly funded every candidate has to raise enough money or have rich donors. Its costs about a Million Dollars now to win a seat in the u. S. Congress and the house of representatives. Ten Million Dollars to win a seat in the senate. These are vast sums of money and theres very few people that can sort of fund their own campaigns and of course those who can are already the rich people and those who cant depend on people with money. The poor and the middle class are in the majority but according to martin guillens they have zero say in the us. Hes compared proposed law changes with opinion surveys in different social classes. The result political decisions are almost always based on the wishes of the rich minority regardless of whom the majority elected to power. Examples include several proposals to regulate the financial industry. Raising the minimum wage. Reducing taxes on Investment Income and the top rate of tax generally. The political scientist evaluated almost one thousand eight hundred proposed law changes covering a period of more than twenty years the degree of inequality did surprise me and virtual complete lack of influence of ordinary voters was surprising and dismaying frankly i think for any country that considers itself a democracy or aspires to be one idea that average citizens people of ordinary incomes have little or no influence over what their government does is quite dismaying. And theres a backlash the public dont feel well represented by rich politicians who are only acting in their own interests it sounds paradoxical but that was one of the reasons for the success of donald trump he was seen as an outsider who wasnt part of the political establishment. That was part of trumps message chance specially early in the primaries when he was running against these candidates you know funded by this sort of traditional republican Billionaire Fund harris and part of his message was you know i cant be bought because i dont need their money and i do think that that also resonated with voters a bit ironic given that hes a billionaire but nevertheless a message that i think a lot of voters are open to. Washington d. C. President Abraham Lincoln united the country in the nineteenth century. Today theres not much unity anymore in the United States black and white rich and poor there is a deep rift running through society. Millionaires are in charge on capitol hill just two kilometers away many people live in poverty. The only people who are allowed to stay in this homeless shelter are people who have a steady job but still cant afford a home. Social work eric savior parka runs the center during the morning briefing they discuss the new arrivals. What has become of the idea that everyone can make it that everyone can strive and achieve a higher standard of living if only they work for eight were talking about the American Dream. Where the American Dream is they have a hole in a. White picket fence where best you know thats reality for some people now for some people who will never have. The clothes remove the homeless shelter. One of the residents Richard Wilson needs clothes for a Job Interview until a year ago. He was a member of the middle class he had a family home a car everything was normal. But then he got divorced suddenly there wasnt enough money to pay maintenance on top of paying for his own home. Did he ever think hed end up homeless one day. I never thought that was the last thing far from my mind which is really brought reality to me because they can happen anybody you know you see if you Homeless People and they ask for cover dollars and. Never in my wildest dreams did i think that would happen to me living costs in washington d. C. Are very high in percentage terms the city has the most Homeless People in all of the United States there are one hundred twenty four homeless for every ten thousand people and whatever happens you know were just going to have to put out two straps. In just go with you know go with the flow because if eels like you and imus speak for me it feels like i dont have a voice. I cant. It almost feels like im defeated and thats not a good feeling. A large part of the population feels left behind defeated by the evil spirits of neo liberal capitalism. What can we do against growing inequality. Krueger is an economist originally from germany hes lived in the United States for twenty five years hes discussing a new Research Project into global Wealth Distribution with a colleague and. Observes with concern how society is drifting apart but he also says that inequality cannot simply be abolished because every society wants to get ahead and progress always comes with inequality. Among its two if someone develops a machine flanks to Technological Progress one that builds the cars that people used to build on production lines but then the workers who used to work on the production line are in direct competition with the machine and that will depress their wages when the people who develop the machines and the engineers who run and maintain them become more productive because of these machines and so their wages go up. Technological progress ensures that there are fewer and fewer jobs for unskilled workers in manufacturing for example. Not everyone can become an engineer people without particular qualifications are struggling more and more to find work that pays enough. To get demonstrates that forty percent of people in the United States have no assets inequality has taken on extreme forms and the gap is growing. He warns that germany is at risk of the same thing thats happening in. The United States and us thought it was on the us it seems to me that theres a growing number of private schools in germany and that residential neighborhoods are drifting apart forsworn on the. I feel that germany is like the United States was fifteen twenty years ago but that were seeing the same trends in germany tons may not have been to go off of the ocean so tough and with this knowledge germany and europe have the opportunity to do it better so that society doesnt break apart but there is no sign of europe seizing that chance at the moment. The rich and super rich have more opportunities to enjoy life and shape it in accordance with their wishes. What effects does that have does wealth make people happy. Most of us would say yes right away. The German Institute of Economic Research says that the richest someone is the happier they report themselves to be. Thats the statistic. Money definitely means that you have freedom isnt that you dont have certain worries but money definitely doesnt make you happy and you have a lot of responsibility if you make a mistake and you have a lot of responsibility then these mistakes have a big impact you could ruin jobs for example the cup again. These are worries that a simple employee doesnt have but once they might like to have its hard for the average citizen to take the worries of the rich seriously. This is confused there goes this feeling of grunge that comes with money also creates a certain loneliness not that we should all be sad about that you can always come back that loneliness with money. Is a big if we have a psychological problem or we have a burn out then entire families can be ruined if a super rich millionaire has such a problem then they build a museum or go on a trip to the moon with you give the danger of being seduced by the supposed complete freedom is extremely great is extreme because. Thomas durian says that many rich people have fears of loss they worry about losing their money or about becoming a target for criminals. And as a business person or a wealthy person you worry that you remain safe that youre not abducted that your children are safe there are people who then take an interest in you who starts talking online or via letters or by standing on your doorstep these things can happen and its tough because we cant understand it these are complete strangers of course you dont ask yourself whether you can still live safely and you fear for your own life. Safety and security thats what the rich long for wealth scientist almost a billion here is that a lot. Definitive is the on the fear of being kidnapped or burglaries of theft and false friends is very big for the fear of what cant be solved with money is even bigger that disease you can have the best doctors in the world but we found very clearly in our research that a certain percentage of rich people are over treatments and he gets what he best and its the name of a vehement was a forceful and out the first push that doesnt oblige him to go is not basically they go to the clinic with a cold and they leave again with pneumonia from the clinic and given them in the urine and sent over the halls. Fear of disease the mayo clinic in berlin is a place of refuge for many rich people. This hospital for the privately insured and those paying their own bills presents itself like a luxury hotel it even has a Concierge Service and serves excellent food. To ship atlantis our typical patient is definitely a performance oriented patient who wants to be fit and who cant afford to spend two weeks recovering from a car lost they just wanted to strengthen their immune systems they want to make sure that they get healthy or stay healthy and damaged by their very Health Conscious they try to have a Healthy Lifestyle and as far as they can in their very stressful jobs. Theyre going to burn a debt highly takes a close look at how wealthy patients in the mayo check. And. Prices start at five hundred and eighty euros for a ninety minute examination. The superior package takes three days and includes pretty much everything that can be tested from ultrasound on the stomach and thyroid e. C. G. s and m. R. I. Eyes and even allergy tests the patients invest a lot of time and money in their health. Sociologist Thomas Lampard from the overall but Cost Institute examines how Socio Economic status impacts Peoples Health and Life Expectancy. Hes found out that rich people live a full ten years longer than poor people on average. He believes that such a discovery could be explosive for society. As there are studies that demonstrate that these big differences in health and Life Expectancy arent excepted by much of the population yet theres a lot of pressure politically to act. They have to find a solution it was often politicians havent done enough here in the past ten twenty years and. There are many reasons why rich people have a greater Life Expectancy wealthier people go to screening checkups more often to skin cancer for example. Theyre less likely to smoke they eat more healthily and they exercise more theyre less likely than people from other segments of society to have physically demanding jobs those who have money are healthier with a few exceptions i know this novel was an early august i cango allergies are an exception theyre much more common among children from higher social groups but the second example is Breast Cancer in women since women from higher social groups have their first child later which means they breastfeed later and we know that breastfeeding has a protective effect with regards to Breast Cancer in particular interest in the fact on. Women from higher social classes drink more alcohol than women from other classes. But overall rich people are healthier and happier than the rest of the population their children are more likely to graduate with the highest qualifications from the high school and a greater percentage of them go to university they have better starting conditions in life. That impacts the development of their personality says economist about her shes conducted experiments to test personality qualities of children such as empathy and the willingness to take risks. Yana time is given a fixed number of coins for every coin he saves he will be given a second call on the money doubles. The coins your time takes right away arent doubled the catch the money from the piggy bank is sent by mail a week later the experiments show that children from families with a high Socio Economic status are better at saving theyre more patient more willing to share and more prepared to trust others. Just in a zone that taken together these characteristics such as patients attitude to risk prosocial behavior only to important life outcomes how much will i am one day what educational qualifications will live ten how happy am i with my life how stable are my friendships and relationships. This experiment looks at how well the child can assess its own abilities the child gets a reward when it neither over nor underestimate its own abilities. Thats an important prerequisite for success at school and work the social environment greatly influences childrens personality. Overheats and to achieve greater equality of opportunity in society its important to balance out these differences in the children social environments differences created in part as a result of different family circumstances children need to be given the best social environment possible with a lot of role models with stimulation so theyre encouraged to grow up thats the goal of one project that hannah showed back her wish has evaluated. Its called. High School Graduate if a maori is one of the volunteers in this study. Once a week she meets up with sylvia the student whos participating in the program at her teachers recommendation the to do something together its expressly not about shooter ng or learning outcomes. The idea is to sylvia to feel that someone is there just for her for a while her personality has already benefited. Ive definitely noticed that shes become more confident at first i was the one thinking about how we could spend our time together but halfway through she would say next time id like to do such and such lets go to the Swimming Pool others then she put forward a lot more ideas and she stood up for them and said why she wanted some of. That unlike not only does mom most of. The children who meet once a week with a mental become more selfconfident hannah should book her wishes observed she surveyed around seven hundred families and divided them into participants in the project and a control group. Ok to make let. Out of the for the life. The result character traits such as courage patience and empathy were strengthened by projects such as. Germany is right at the top when it comes to redistributing to children and families thats not said measures but when you look at whats effective its confusing alice study shows that there are other ways to enact to children you have to start developing their personalities much as. The mentoring program we analyzed is both extremely cheap and effective and i see it happening. In our. Support programs foundations and volunteer mentoring programs are good first steps but theyre not enough to narrow the gap between rich and poor in the long term. Society has to create lasting structures that allow real equality of opportunity. To move the cards and not i dont know mind. Difficult for a regular person from the middle class to rise to a place of affluence or even wealth through their own work and its. The same starting conditions for all our society must never lose sight of this goal. So i think when inequality is connected to that lack of opportunity thats when you see people being you know upset about inequality. At least the dream of a dishwasher to millionaire must stay alive. The very world that consists of seven billion millionaires who will never ever exist. Can prices go lower many farmers are in a dilemma. Should they run a profitable factory farm or raise food the natural way. The pressure and competition are even if subsidies are high whats to be done. Made in germany in thirty minutes on a w. When im traveling to be comfortable. But i also want to stay up to date on the latest news and events. And e. W. Makes that part of traveling easy just because its available and thousands of Hotels Resorts cruise ships worldwide. Where have you found the domain side send us a picture that shows d w in your room you could win a great prize go to the d w dot com travel quiz shes long been a symbol of hope in syria. I try to help people. Us on does she stand for change. Or the false facade of her husbands rule of terror thank. You believes in what the Syrian Regime is. Projection that that they are saving syria must my son the beautiful face of the dictatorship starting october first on d w. An overwhelming majority of iraqi kurds have voted in favor of independence from iraq announcing the results of mondays referendum and the Election Commission said more than ninety two percent of voters in iraqs autonomous kurdistan region had voted to secede