The Haves & The Have-Nots | Frankly #53
The Great Simplification with Nate Hagens
Nate Hagens
4.8 • 553 Ratings
🗓️ 19 January 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
Recorded December 18 2023
Description
In this Frankly, Nate follows up the recent Reality Roundtable on poverty with a wider perspective on the different types of "wealth" in our society that go beyond the material. At the same time that the power dynamic of the economic superorganism leads us to a hyperfocus on the pursuit of growth and monetary wealth, other forms of poverty increase: relationships, skills, health, and behavioral deficits. How do our assumptions and societal expectations align with the reality of what it means to be rich? Can reflecting on our own place within the various "Haves" and "Have-Nots" help us be more compassionate towards others and direct us to a more stable and sane place in society? How will the turmoil and decrease in total material wealth in the coming decades change what it means to be wealthy - and how does that influence the actions and investments we take on today?
For Show Notes and More:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Greetings. |
| 0:01.0 | On last month's Reality Roundtable, we talked about poverty. |
| 0:05.6 | We talked about the haves and the have-nots. |
| 0:08.5 | And in the discussion, we made a distinction between monetary or pecuniary need and poverty, |
| 0:17.7 | and also social or behavioral or community poverty. |
| 0:24.6 | And there's quite a distinction between the two. |
| 0:27.6 | And that made me think, what are the differences between the haves and the have-nots? |
| 0:32.6 | When we say, oh, they're in the haves or they're in the have-nots, |
| 0:36.6 | what do they have and what do they have |
| 0:38.6 | not? And I'd like to do a brief reflection on that. |
| 0:58.1 | Okay, so first of all, I live in the United States. |
| 1:04.4 | The average income per year per capita is $60,000. |
| 1:11.5 | But the median, which is the midpoint of half the people are below it and half the people are above it is $40,000. |
| 1:12.9 | So that is evidence of quite a bit of income inequality because there's a lot more people that |
| 1:18.7 | make huge amounts of money relative to a lot of people that make not much. |
| 1:24.4 | And the average ends up skewing higher than where most people are. |
| 1:29.7 | So there definitely is a have and have nots with respect to income and wealth. |
| 1:36.3 | And this is relevant because we live in a culture where we have to pay rent and utilities and |
| 1:40.8 | medical bills and insurance and all these things. |
| 1:44.5 | And if you don't have the money to do that, it is a huge burden on you, your mindset, |
| 1:51.7 | your family, et cetera. |
| 1:53.2 | And I expect this is inevitably going to get worse. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Nate Hagens, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Nate Hagens and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.