Comments by "Mark Welch" (@markwelch3564) on "Understand the Economy Part 2: What Is Wealth Inequality?" video.

  1. So far, it looks like Labour are slowing the rate of inequality growth, but I am not convinced they have a plan to actually reduce inequality
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  2. The real question is "who owns the bar?"
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  3. ​ @MCDONALD6969 problem is we end up with no social mobility, and an idiocracy where the important descisions for society are made by people who's greatest achievement and "talent" was "being born lucky"
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  4.  @MCDONALD6969  I'm going to guess you did that 30-40 years ago? It's a very different economic climate now
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  5. Nah, the reason big construction firms don't build houses we can afford is because they make more money selling houses to rich people The market won't fix that without active government intervention
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  6. The AI "revolution" is largely hype. It's only proved viable in very narrow niches, and even then requires substantial supervision, which just changes the nature of work rather than eliminates it!
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  7. We need both. No amount of education and hard work will get you a house if there's people who can buy a new house every week just from passive income Maybe if we taxed unproductive wealth more, we could provide more education to productive workers 🙂
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  8. @vonder7  sounds like they should vote for a better government then 🙂
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  9. No country has prefect equality, but some come a lot closer than others!
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  10. ​@stumac869 if you could vote to give yourself more votes, how long would democracy last?
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