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The Tai Lopez Show

Is Unequal Pay Fair?

The Tai Lopez Show

Tai Lopez

Business

4.86.9K Ratings

🗓️ 20 October 2016

⏱️ 8 minutes

🧾️ Download transcript

Summary

Is money a physical representation of how valuable you are? After all, Elon Musk did say that you get paid in direct proportion to the level of problems that you solve. Right? Well, the truth is that when it comes to running a country with millions of people income inequality tricky subject. Here are some of my thoughts on income inequality and how what you should do to counter it.Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcript

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0:00.0

Income inequality Obama said the biggest threat to the modern world in the U.S. is income inequality

0:07.8

But I just read an interesting book that says that's not true at all

0:12.2

That it's fair for people's incomes to be unequal. I want to talk about that for just a second

0:18.3

I know how Zach Zach from Texas in North Carolina. I know how I know how he's a pigeon will be on that but basically

0:26.3

I've lived in Sweden in Norway and those are very socialistic countries where you have very similar flat

0:34.5

an equal income and then you have what the hell we got going on

0:40.1

Got a rock a roll band in the background there drew like learning how to play

0:47.1

But but freeberg now we got

0:50.4

Andre 300 3000 so the way I think about it at there's a lot of advantages of countries like Sweden they

0:59.0

Don't have as much exploitation of people. They have a lot of

1:05.9

homogenous world view and set of values, but we talked to Swedish people in Norwegians

1:12.4

What are you saying a lot of suicides if you talk to a lot of Swedish and Norwegian people they like or

1:18.2

Some of them like the American system better because it doesn't hold you back and they feel like in some countries that are more

1:26.3

Socialistic that there's not the incentive to grow your income and to learn new skills

1:32.3

If you look at the medical systems around the world

1:35.2

the ones that are in more

1:37.6

Socialistic places

1:39.1

A lot of those people fly to America to get their medical work done now a doctor in the United Kingdom makes about

1:46.8

$60,000, $70,000 a year a doctor equivalent in Argentina makes equivalent about 50 or 60,000 US dollars

1:54.3

Whereas some doctors here make you know 800,000 2 million if they're surgeons

1:59.5

Plus and so you have to ask yourself is that incentive based system attracting better people because they get higher pay

2:07.2

Is that the reason why there's so much medical advances in countries that have a more capitalistic approach?

...

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