Then at 10 00 p. M. Eastern time, on book tvs after words program, capital Founding Partner discusses income inequality with the former chair of the council of economic advisers during the bush administration. We wrap up in prime time at 11 00 p. M. Chuck collins will be the author hes the greatgrandson of meatpacker oscar meyer and he talks about wealth inequality and his decision to give away much of his inheritance. Of morning welcome to the Cato Institute. I am a senior policy analyst and also editor of Human Progress which is an educational website that tries to put together as many statistics as human wellbeing as possible in order to present to our users and our more real picture of the world than the headlines would suggest thinking about the headlines, it is perhaps an understatement to say that we live in an era of great pessimism. This pessimism is not distributed evenly across the world. It is felt very acutely in many western democracies including ours here in the United S
Over the years. Can you see the western middle class so to speak increased their income from zero percent to 10 percent reedit but theres another graph as well, the red line. In the redline, compensates for Something Else. That population growth was bigger in poor countries and rich countries which means a lot of people took a larger part of every percent and it means that they, especially incomes of the population growth in asia, pushed the western middle class from the lower percentile into the higher so what used to be the 80th and 90th percentile of western middleclass people were replaced by the richest people in china. And they are still poor, some 60 percent as rich as the western middle classes which means it looks like its Income Growth is coming down in those areas as well but thats more an illusion that comes from population growth. If you keep population growth, if you pretend the population is stable over these years, the elephant wrath shifts to the redline instead and th
Get really nervous and thats much the same way donald trump, as you say a new yorker to the bone is a suddenly plain that you may not have guessed we first heard him talk. You can watch this and other programs on my netbook tv. Org. Good morning and welcome to the Cato Institute. Im an analyst here and also editor of Human Progress, which is an educational website that tries to put together as many statistics about human world being as possible in order to present to our users and the general public a more real action of the world than the headlines would suggest. Speaking about headlines, it is perhaps an understatement to say that we live in an era of great pessimism. This pessimism is not distributed easily evenly across the world. But, it is felt very acutely in many western democracies including ours, here in the us. Some three quarters of americans believe that the us is going in the wrong direction. The choices that the electric will be presented with comes november, exaggerates
To give to sell the news. And i think this is because we are genetically predispose today pay more attention to bad things. Bad is stronger than good because bad things could be a threat to survival. Our hunters, forefathers who were more worried, who didnt relax, who looked anxiously toward the horizon whether there might be predators, they probably survived more often than others. They passed on genes to us and stress hormones and attention to all the bad things that could go on in the world. Add to this another factor, the fact that we are by nature nostalgic. We tend to think that the good old days were in another era, previous era in our childhood or even before this or even before that. These are some scenes from a brilliant french movie in 1959 about a man who goes back in time to a better era, the goldold days, where everything was wonderful. But then hes there and he thinks its pretty good but then he meets an old man who tells him, oh, you should have been there when i was yo
Biden doesnt have a base. The bernie bros are not all on board. He needed to pick a radical liberal and thats what he did. If this is how joe biden is going to govern this country, this country is in trouble. Biden is not a leader. He gets led around on a leash. Thats what the chinese and iranians will do to joe. The media is telling you kamala is a moderate. They are calling her pragmatic, a centrist. A natural centrist. If the media is telling you someone is a centrist, they are basically cesar chavez. They are telling you how this will energize the ticket. Thats also wrong. She couldnt even energize democrats when she won for president. She never caught on with black voters let alone anyone. You dont think job there are [bleep] black vote, look who picked for a vp. She said she was smoking weed and listening to tupac when he wasnt even making music then. No black will vote for kamala. Jesse the media understood why people in california saw her as the female obama. She absolutely is