A very warm welcome to you what a nice and. Safe. And very warm welcome to you youre watching us and. See. During the Great Depression which im old enough to remember there was. During the Great Depression which im old enough to remember there was and most of my family were unemployed working class there wasnt it was bed and most of my family were unemployed working class there wasnt it was bed you know much worse subjectively than today but there was an expectation that things were going to you know much worse objectively than today but there was an expectation that things were going to get better. There was a real sense of hopefulness there isnt today. Better. There was a real sense of hopefulness there isnt today. Anything qualified it only believes it is this is. Really really really unprecedented and pretty depressed im sitting and im sure that total inequality is like the worst periods in American History. Total inequality its like the worst periods of American History. But histo
Really unprecedented im if you look at total inequality its like the worst periods of really unprecedented im if you look at total inequality its like the worst periods of American History. Of. American history. But if youre a find it more closely inequality. But if youre find it more closely the inequality comes from the extreme wealth in a tiny sector of the population comes from the extreme wealth in a tiny sector of the population fraction of one percent. Fraction of one percent. There were periods like the gilded age in the twentys and the early ninetys there were periods like the gilded age in the twentys and the early ninetys. And so on when a situation will rather similar to this. Now this period and so on when a situation developed by the similar to this. Now this period 6 trillion because if you look at their Wealth Distribution to inequality its extreme because if you look at their Wealth Distribution the inequality mostly comes from super wealth. Mostly comes from super wea