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BLAST THE RIGHT

77 - Worsening Income And Wealth Inequality That Might Even Make A Right-Winger Blush (If They Were Capable Of Feeling Shame)

BLAST THE RIGHT

Jack Clark

Cnn, Government & Organizations, Kcrw, Coulter, President, Hartmann, Bush, Politics, Abc, Limbaugh, Fox, Randi, Npr, Morning, Comedy, Slate, Christian, Story, Reilly, Majority, Cbs, Conservative, Liberal, Nbc, News & Politics, Bill, Sean, Spirituality, Al, Religion & Spirituality, Franken, Maher, Newsweek, Rush, Obama, Society & Culture, O, Democracy, Sedition, Day, Rhodes, Hannity

4.72.6K Ratings

🗓️ 19 January 2007

⏱️ 30 minutes

🧾️ Download transcript

Summary

Today, we're going to present some data about income and wealth distribution that you've probably never before seen brought together in one place. Make sure your seat belt is securely fastened.For example, let's take the wealthiest 1/10 of one percent of all Americans. There are 130,500 such taxpayers. They have more income than the 120 million Americans at the bottom.Nice, huh?How about

Transcript

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0:00.0

Greetings, this is podcast number 77 of Blast the Right.

0:24.0

I'm Jack Clark from TheRationalRatical.com.

0:27.6

Today, we're going to present some data about income and wealth distribution that you've

0:36.4

probably never before seen brought together in one place.

0:40.8

Make sure your seat belt is securely fastened.

0:44.3

Let's get right into it.

0:46.0

The point is ladies and gentlemen, that greed for lack of a better word is good.

0:54.4

greed is right, greed works, greed clarifies, cuts through, and captures the essence of

1:03.9

the evolutionary spirit, greed in all of its forms, greed for life, for money, for love,

1:11.6

knowledge, has marked the upward surge of mankind, and greed, you mark my words.

1:19.8

It will not only save, tell dark paper, but that other malfunctioning corporation called the USA.

1:26.4

Thank you very much.

1:34.1

Those were excerpts from Michael Douglas' famous greed is good speech in the film Wall Street,

1:39.6

where he played greed, myster Gordon Gecko.

1:43.1

In this podcast, you're going to see examples of the results of greed that will make you

1:47.4

want to grab a hold of a greedy person and scream, this is too much to bear.

1:53.6

In my exposure to various news and commentary sources, I often come across statistics that

1:58.9

illustrate glaring economic inequalities, sometimes of income, sometimes of wealth, sometimes

2:05.2

within the US, sometimes worldwide.

2:08.2

I'll read one of these and think, wow, a day or so later I'll hear another and say

2:13.6

it myself, that's unbelievable.

2:16.1

So I'll go check the stat and it'll turn out to be true.

...

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