Why is inequality rising? | CNBC Explains

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  • Published on:  Friday, October 12, 2018
  • The gap between the rich and the poor is rising in nearly every region of the world. CNBC’s Xin En Lee explores why inequality is growing.

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  • Source: https://youtu.be/FXmsj4dh-RI
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Comment

  • Chris Floyd

    Chris Floyd

     3 days ago

    Stronger unions and better social programs. We know the solutions, billionaires just don't want us to do it

  • WaW NDC

    WaW NDC

     21 days ago

    Especiallly Singapore, Malaysia and Indonesia

  • TrinhStudios

    TrinhStudios

     21 days ago

    Most workers: "We want more money and more holidays! Now or we stop working!"
    Company: "ow shit what do we do now?"
    Other countries: "don't worry comrade, just start your company here, low wages, low taxes"
    Most workers: wtf thats illegal "pikachu surprise face"

  • Amalroy Thomas

    Amalroy Thomas

     1 months ago

    shitty video

  • Andrew Wong

    Andrew Wong

     1 months ago

    Taxation is the only way to reduce inequality. However, too much taxation could lead to the emigration of the rich to the other tax haven countries and cause even slump in country's progress. It is really hard to tackle the inequality. The only way is to invest in education of impoverished child and count on them to innovate something that can enhance country's revenue.

  • eduardo cajias

    eduardo cajias

     1 months ago

    Very good video. Marvellous explained!

  • SK SUJAUDDIN

    SK SUJAUDDIN

     1 months ago

    Please make vedio on Indian economic slowdown. Love from India .

  • Naphtali

    Naphtali

     1 months ago

    I'm sorry, but I don't know any American that "dreams" of being a McDonald's cook.

  • Naphtali

    Naphtali

     1 months ago

    It's either unequal wealth, or equal poverty. Take your pick.

  • Rolando Leiva Phillips

    Rolando Leiva Phillips

     1 months ago +1

    This is an open attack on the real cause of economic growth: Savings! No savings, no investment! Or you think printing money can be done forever!
    If the neo fascist governments, previously known as the western countries, decided to confiscate the savings of well todo people, the whole of society would suffer, and liberties will be lost.
    I have seen countries imposing 100% tax on inheritance and 80% taxes on income above certain levels. And I thought slavery had been abolished.
    The most dangerous drug on the market today: The believe that governments can solved problems their intervention has created, confiscating the resources of highly productive people.
    Control the beast and we all will be more prosperous. Continue this path and we will find the ultimate goal of this fascism: serfdom!
    By the way, the video does not mention that Nordic countries have high levels of unhappy people, despite the $20 bucks and hour at McDonalds!

  • Amarnath Jha

    Amarnath Jha

     2 months ago

    This is #1 our internal problem. Everybody contribute in economy. Wealth concentration in hands of 1% will lead us to another Civil War. We middle class must oppose it. Middle Class is disappearing. Pay of lawyer, Doctor, engineer, accountants, teachers are actually decreasing, while they make technology companies and all kinds of companies rich.

  • Mohan kg

    Mohan kg

     2 months ago +1

    This is because of the capitalism...

  • Winston Rodrigues

    Winston Rodrigues

     3 months ago

    Stop crying. And start working hard and smart.

  • Ermy Tanio

    Ermy Tanio

     3 months ago +1

    Imagine if all 100 people are rich whose willing to bake the pie😅

  • Tony Faxton

    Tony Faxton

     3 months ago

    What really shocked me is those very people who would benefit the most from US democratic president, go out and vote for Trump. LOL. S.T.U.P.I.D.

  • Jakkrapat Khiawdee

    Jakkrapat Khiawdee

     3 months ago +1

    Simply, the rich have to pay taxes and create conditions for the government to fight poverty.
    The rich are getting richer because they know the money game; conspiracy of the rich; the rich control over the global wealth.
    The rich know about money literacy and they don't want to pass on this knowledge to us the poor. They want the poor the be good employees working for them.
    The rich know how to invest in assets; something that can retain value on; its value increases over time; property and growth stocks for example.
    How to get rid of poverty?
    Education.

  • HT logistics3434

    HT logistics3434

     5 months ago +1

    I just want that pie in the beginning 😋😋😋😋

  • Mateo San

    Mateo San

     5 months ago

    The rich don't pay taxes, isn't that insane? The people most benefited from the system are the ones who avoid the most to pay taxes, while the middle class is squeezed more and more.

  • Offshore Citizen

    Offshore Citizen

     5 months ago

    Equality is a pure utopia. People have different skills, some work more, some less. Those who work smarter will definitely have more financial gains than those who don't.
    For lots of business owners money is a massive incentive to move forward. Financial gains are also massive incentives for technological, medical and other areas development. What would happen if we started taxing these companies excessively? Well, they would simply leave and go to another country where they are welcome. Then, instead of their original country, the second country would benefit gains of the company. This is already happening with many successful companies around the world. Taxing the rich will just cause the rich to move somewhere else. And money needs to come from somewhere. Ideally, any country wants the money to stay within its borders so the people can benefit from it.

  • stilldownwiththemutantunderground

    stilldownwiththemutantunderground

     6 months ago

    Unions are basically the norm here in Sweden as well. It's so standard that I remember needing a sec once I realized it's not like that everywhere. Same with high tax rates, resulting in things like free public heath care and overall modern public transport systems.