Comments by "" (@jmitterii2) on "Dear John Oliver: Please Stop Misinforming Your Audience On Venezuela" video.
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John Oliver can be funny, but he can be rather wrong several shows in the past. One show he promotes having more party choices, but demonstrating our current political system is a joke in order to have them, it also hit on gerrymandering and how many ballets have uncontested candidates.
He did a show about how "wacky" third party candidates are suddenly after formerly promoting them, and how insane Jill Stein was about providing universal education and healthcare that it's some wacky idea, despite the fact he's from a country that does both. Grant it, the method touted may not be the cleanest that Stein advocated, just have the Fed buy the debt, and then write it off, which would likely need congress to do such a thing, not just the Fed. Bad debts bought by the Fed went into liquidation bankruptcy and then written off.
He's just another disconnected millionaire talk show host out of touch with the working class: us who work for a living and if we make on average for 40 years the current median individual income of $31,099, would $1.243 million for a lifetime of work, they make in a fraction of a year.
And that median lifetime income takes in consideration the first 10 years maybe lower than median income, next 20 years maybe not quite or just there, moments of unemployment, and final decade hopefully higher than median income to bring that average 40 years to $31,099 which usually isn't the case as US income volatility is severe at 34% experiencing income changes with that being as severe as 49% income loss to 56% income gain.
So you're total income is likely to be slightly shy of the individual $1.243 million income over your lifetime in present value.
Again, these talking heads and entertainment clowns, some actors, some musicians, etc. make several lifetime earnings in present value in a fraction of a year.
They're utterly removed from our experience. So of course they have their slants and want to protect their master of the world apple cart.
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