This is REAL and totally outrageous!! The wealth inequality in the US is disgusting. Those who never experienced poverty have NO CLUE what low-income people go through. THANK YOU, Democracy Today!
The wealth inequality exist because of democrat handouts allow people to have resources without takeing skilled labor you can drop out of school get a low skilled job and get subsidized housing food assistance and free healthcare and then blame the orthopedic surgeon who after going to college maney years and working long hours for earning 400000 a year
If you want to start a business and get ahead, you almost have to be connected / rich already to get ahead. It’s horrible. They make it so hard with so much bureaucracy. You are right. I think we need to have more jobs. Besides cheap labor and more jobs for everyone. Some states the biggest jobs are from Walmart. It’s depressing
Poverty is because we're feeding Americans drugs coming through our borders and teaching them to live off the government. We have more addicts/alcoholics on our streets than ever before, exponentially. Then we tell everyone that America is too expensive to live in so live off the government. NO ONE, IS WILLING TO WORK HARD ANYMORE . Americans are the weakest humans on this planet. Stop whining and everyone go back to work to support your damn families!! Become home of the brave and land of the free again. We've lost all honor in what it means to live in this beautiful country.
This is scary. Rich people pay politicians to make sure they get access to taxpayer funds first when banks shutter or they're in jeopardy of losing all their money. I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@jamesgeorge5896 haha, You know Sofia Erailda Sema? crazy! I appreciate every single second of the six month I worked with her. She is such an amazing woman, patient and down to earth teacher my next monetary goal is leverage trading and I'll be starting with Sofia’s strategy! i have heard many positive reviews from my Co-workers since the recent dumps.
Friendly old Brit: I was puzzled when he was introduced as a Professor of Eviction, but was totally impressed by his intelligent lucidity and explanation of the nuts and bolts of life. I feel Unions were the key to poverty avoidance but Reagan dismantled them as did Thatcher in UK.
Reagan didn't dismantle any unions.he should have ended public sector unions as they are bloodsuckers but they still exist and everyone else pays for their largesse.
Yes Reagan did much to our system which affected my generation in the 80’s when we went to purchase homes our interest rates were at 15% and much more with the airlines and the stock market that have had widespread consequences on our economy. This professor of eviction has some good solutions
@@learnhowtouseessentialoils3704 ummm . What? Interest rates were high because of entrenched inflation. Volcker did what was necessary to end inflation. And Reagan courageously took the political hit because ending high inflation was the right thing to do. It was the single best thing any modern president has done. I have no idea what you tried to say about the stock market.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.
@@user-3456rtu You're "portfolio"? LMAO! You must be VERY privileged. The average American is living paycheck to paycheck and doesn't have enough money to save much less invest. They don't even know what a "portfolio" is. You're advice comes off very tone deaf, it is the equivalent of "let them eat cake"
We are not in recession. Recession is defined as 2 quarters on a row of economic slowing. Q1 23 numbers have not come out yet, but Q3 and 4 of 2022 the economic grew! By definition we are not in recession and at minimum 3 months away from one.
Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.
I truly enjoy having a portfolio coach to help me make market judgments on a daily basis. They possess a special combination of abilities that enable them to take both long and short positions, benefiting from the possibility of significant gains while also safeguarding against downward turns. I have had a portfolio coach for more than two years and throughout that time I've actually earned over $645k. It was a wonderful experience!
@@hunter-bourke21 I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My financial advisor, ''Mary Onita Wier, is a highly qualified and experienced professional in the financial market. She possesses a broad understanding of portfolio diversification and is recognized as an expert in this field.
Once I went on welfare for less than a year and they made me feel 1) I had no business asking for help bc I was well educated (BA), 2) I had no right to own a vehicle ( it was a ‘78 truck!) and 3) I’m white (which I was the only Caucasian in the welfare office that day!) They humiliate you. It was an awful experience and my mom begged me not to go down to that office. But I’m glad I went bc it allowed me how discriminatory the welfare system is. And how they only want certain ppl in the system. IMO. Btw I started my teaching career less than a year after having my daughter. That was almost 24 years ago.
... but only one half of it ... the rest is made out of the hell of the rich... ... you really should go and see a doctor, if you are a rich sucker enjoying the situation and declare this hellhole to be the paradise..."
You are a liar the too five percent pay over half the federal taxes and get next to nothing in return on the other hand middle class recurve more ss and medicare than they pay in the poor recieve free healthcare cash assistance food assistance and more
As a new investor, it's important to remember that investing and trading require more than just technical analysis skills. Discipline and emotional maturity play a significant role in achieving success. It's wise to keep in mind the adage of "time in the market vs. timing the market," as this mentality can help you weather market volatility. With insights of Mr Andrew Martins and my commitment to learning and growth, I've been increasing my earnings in just a few months. Keep up the good work!
My first investment with Mr Andrew Martins gave me the assurance that have made me invest without the fear of losing, I got four of my friends involved with his already.
Two years ago nobody could predict the dollar conditions we’re witnessing today. The u.s continue to double down on the same mistake that brought the dollar where it is. Therefore, no guarantee that the grass of the dollar would not be faster than it’s envisaged
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks you most devise a strategy for survival.
These are the conditions in which life-changing money is made by those who remain calm , patients, and take controlled risks. Volatility goes both ways, the bigger the red candles, the bigger the green ones.
@William Kugler It’s a good time to buy and basically I’ve just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time high, who is the coach that guides you, mind i look them up.
@William Kugler Thank you for this tip, it was easy to find your advisor. I conducted a thorough research on his credentials before messaging him. Base on his resume, he appears to possess a high level of proficiency and i am grateful for this opportunity! Thanks once again.
"This presentation *focuses on* the *myriad ways* in which the *powers-that-be* in the *United States have been systematically dumbing down Americans as a society for a very long time* - *all by meticulously calculated design."* - ARTICLE - *"The Dumbing Down of America - By Design".*
As a seventy-two-year-old American the thought of a person being a billionaire was almost unimaginable but today here in America we have multi billionaire bordering on having a trillionaire by mid-century.
Back when you were born, anyone with 71428571 dollars was a billionaire by today's standards. The entitlements your generation stole from mine reduced the money and lessened its impact. Oh, you thought social security, taking money away from future generations, was a good idea? Look at all the inflation, all the deaths from poverty. Thanks, boomers.
l agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.
I think trading is easier with proper guidance, especially from a professional, it really help reduce the chances of running into losses. All thanks to expert Mrs Ava Kimberly, she changed my life, I was able to pay off my mortgage.
@06:47. Matthew Desmond: "One of the obstacles is that we do a very bad job connecting families to the programs they need and deserve. Sometimes, we literally just don't spend the money on fighting poverty. So, if you look at a program like the Temporary Assistance For Needy Families program, or TANF, this is cash welfare. For every dollar budgeted for TANF, only 22¢ ends up in the family's pocket. What's going on here? Well, states have ALOT OF DISCRETION ABOUT HOW TO SPEND THE MONEY. They spend it in really creative ways. Some states use those dollars to fund christian summer camps for absteinance-only education, marriage-initiatives. Things that have NOTHING TO DO WITH ALLEVIATING POVERTY. Many states don't even spend the money. Last time I checked, Tennessee was sitting on over $700 million on UNSPENT WELFARE DOLLARS." (emphasis added)
That's due to the Welfare Reform Act of 1996 converting AFDC into TANF and turning welfare aid for the poor into block grants to the states with financial incentives from the federal government to states that reduced the number of poor on their welfare rolls. Additionally, the redirection of cash welfare aid from being directly paid to the poor to being paid to states in the form of block grants also came with a no-strings-attached policy as far as how the states chose to spend the money. They were free to NOT use any of it to help the poor and instead use it as they saw fit for their own agendas, including programs that "teach marriage" to poor single mothers as an anti-poverty measure. So we can all thank the legislative architects of the Welfare Reform Act of 1996 for this boondoggle-as well as all the selfish, vicious mean-spirited voters who clamored for it and voted for the politicians who campaigned on it, and who've continued to support the agenda of callous far-Right politicians up through today who campaign on promises to keep hurting the poor in order to give the privileged and the lucky and comfortably off even more.
38 million is 11% poverty in America. That's less then Australia 13%, England 17% and Canada 15%. It would be wonderful if No one experienced poverty but for a capitalistic society to work there will always be poor and always be wealthy. Addiction, drugs smuggled through our borders and mental illnesses are the top 3 causess of poverty in America. Living off the government without productive input will cause American Bankrupcy. Go back to work people, covid is over, stop living off the system...it WILL break!
__These are fantastic takes, I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly savings account, stocks, bonds and high yield dividend funds. Forever grateful to my adviser Gregory Thomas Patchak. Passive income is mandatory for building long term wealth.
My advice is you can earn more money by not spending what little you have. Most of my increase is assets is via passive strategies. I do not like cash, income or anything that smells like employment.
Very well said! I find it appalling that in the richest nation on Earth we have so many people living in poverty and hundreds of thousands homeless. We need to demand better!
Its an outrage that taxes and regulations prevent increased production. Its an unpleasant coincidence that the Leftist NYT has a recent story on zoning laws decreasing the supply of housing. This has been confirrmed by staff at the Biden White House. An online search will quickly provide a large number of similar views by other Leftists. Carry on!
Stop the spending on US war machine world wide and spend the money building the US to its former self, the war machine only enriches the elite globalists and not the people of the US. You want real change teach your children that.
I want a country that protects property rights and doesn't steal from people, which results in the greatest prosperity for the greatest number of people.
"I want a country that does a lot more to fight poverty, than it does to guard fortunes" -Matthew Desmond, Sociologist and Author of "Evicted". Bravo sir, bravo 👏👏❤❤👏👏❤❤👏
We have to organize. We can't just leave a message after seeing something like this and just go on with life. I'm tired of this. We need to demand change. Our politicians are beholden to the corporations and wealthy. Let us call for the end of lobbying in politics and the end of citizens united.
@@icjulia2 your kidding right. Trump is probably the worst as far as politicians go. In his first term he cut taxes for the rich and put people in power who worked for corporations. He is a fraud, a scam artist. He does not care about the Average American person. And Joe Biden is no better. They are all the same.
I often come back to what my grandmother said. She said in the 60s in Sweden, that now this country is enough wealthy that nobody in Sweden needs to go hungry and not have a "roof" over their head...I always understood that as that she said that if society does not help in such a situation it's a big shame on society, a shame on the people in a country to not see to that. That's how I always feel, if I have things over and someone needs help and suffer I have to help, I would feel ashamed if I did not help. That is how the health and social system are built up in Sweden, we have laws for that; if society, communes, do not live up that they are breaking the law, and the more wealthy society gets the more help for the vulnerable increase, they have the right to have as good a life as anybody.
Sweden FTW!! If only the mindset in the US was 1/2 as humane & governed according to meeting the needs of **all** people in the country instead of giving the few ultra-rich everything they want & the many poor & impoverished nothing they need. If I thought a disabled US citizen had an icecube's chance in Hades of being allowed to emigrate to Sweden, I'd do it in a heartbeat. I doubt there are many countries in the world that want to let people from the US come in as immigrants, just based on the general attitude of Americans overall & the US's currently barbaric immigration policies & nasty habit of interference with other countries for the benefit& interests of the US & decidedly **not** in the best interests or betterment of the other countries. As someone who has been lucky enough to be able to travel to many other countries, I know how Americans, especially American tourists, tend to be viewed by people in the countries I've visited (which is not with high esteem, to say the least). Our poor reputation is sadly well-deserved, I've witnessed the shenanigans of many US tourists & felt embarrassed for their sake because they clearly weren't feeling embarrassed for themselves. I just really hope I didn't add to the negative reputation of Americans myself while I was visiting other countries, hopefully my hope isn't misplaced....
People are often referred/connected to a program, only to be denied benefits supposedly available through that program. Poverty threshold 2022 was $3k per month. Meanwhile, income limits for many programs hover around $1k - $1.5k per month, unless there is a minor child in the home. ~ Thank you for this most informative, lay-person-friendly explanation. I will be sharing and hoping people will listen...All the best
My sister makes $20.00 more than the cutoff for medicaid so even though she can't work and needs medical help they won't give it to her. It just makes me mad. She is on SSI.
Free Public housing - basic human right! Free Public healthcare - basic human right! Free Public Higher Education - basic human right! Free Public Transportation - basic human right! People🙏❤ wake up, demand change! 😢
Here in Canada. We’ve had child tax benefits Baby bonus for years. My twin sons are 32 and I received it for them. And my daughter she’s 18 it just ended. You get around $600 on the 20th of each month. An extra $100 for children under 6. And if your child is disabled they add another $250. Until 18. Everyone gets it. That makes around $75,000 a year less at that point and goes down from there. That has nothing to do with welfare or disability that’s separate.
A certain amount of people here would not vote for that, because black and brown people would get it too. Even if the majority of people who would recieve it would be white.🤬
Here in Canada, the social safety net in every province has been deliberately made dysfunctional, making homelessness an ongoing crisis in cities, just like in America. We never had homelessness like this prior to 1995 in Ontario. Conservative Mike Harris ran for premier on the promise to "kick those lazy bums off welfare." He cut welfare benefits by 25% and mass evictions and homelessness was the predicted result. The cost of having homelessness is in the billions per year, since "charities" that run soup kitchens and shelters are booming, and the costs are exponentially more than any supposed savings from the cuts, which BTW didn't affect the budget for social assistance at all. It was the beginning of right wing politicians running for office not on a platform or a set of ideas and plans, but simply a promise to use the power of gov't to hurt certain vulnerable people on behalf of their mean-spirited voters. it was bad then, but I never thought it would reach the degree of anti-social behavior and cruelty that has emerged in the Trump era. I shudder to think of the brutal austerity to come should Canadians be stupid enough to elect a conservative federal gov't. Their voters don't even try to deny their cruelty and deliberate hateful actions.
@@generationofswine-ge5rw Yeah, Britain followed our lead on Neoliberalism. I'll leave it to you to look up what Neoliberalism really is? But I think you've seen it. Maggie Thatcher said "there is no such thing as a society."
We have so many old buildings that could be restored for housing for the Homeless. And other low income population. We have been forgotten. We, the low income, will come to a place where we will all be homeless. At 80 years old I don't think I could survive it again.
I agree with your argument but we are not the richest country on this planet. Go to the Emirates in the Persian Gulf. Latitudingly, go North to the lands of the Lights; Finland, Norway and Sweden, where few recent wars got fought. Those democracies are richer than us, by far. The average salary is around 83 thousand dollars with free education and medical.
Exactly yet wealthy Americans get tax break to help other countries international and people here dying of hunger and homeless...take care of home first...not that people are entitled was already shaky b4 cvd now it's ten times worst...
My daughter was a teacher for a few yaers before having her kids. I sat in and helped sometimes. It is a very stressful job and underpaid. She homeschools her kids now. Her husband works at home and they live very frugally. They were lucky to have bought a reasonally priced house back in 2009. Otherwise I don't know how they would make it now with rents and houses being so high. But remember...teachers are important in the lives of children. There are so many weird ones out there now and it concerns me.
Poor people suffering is something that conservatives and wealthy liberals both agree on, which is why things are not going to get better and only worse.
I used to be upper middle class but succumbed to bipolar issues 36 years ago. There are many things which have been denied me because I own my home although if it were not for my ex-wife I would lose everything. The mentally ill are ignored because they are no considered handicapped. I also do not go after some welfare benefits because I feel ashamed. 😢
Amen, bipolar unable to work after age 33 even though I tried. Took almost 3 years to get SSD. IN that time my student loans went into default since I could not work. Garnished my SSD for 13 years on what was originally a$4000 principle. Ended paying from garnishment over $23,000!! Could not go to college and retrain, survival living wears you down and kills your soul.
Done feel ashamed. Take the money. Rich people and corporations take the handouts and you don’t see them ashamed. And they don’t even need it. Tell me again how much government money Exxon gets every year? Exactly. No shame. You do what you and your family need. Uncle sugar can just MAKE money so don’t stress it.
The Senator from Nebraska gave the real reason, he was talking about all the abortions in his state in the last 10 years and how those aborted could have been a future worker. That’s their real incentive, to create more workers through forced birth. Of course if they’re born in poverty most likely they will end up in low paying jobs too.
Take money from those who help people. Give it to a government that gives it to corporations and the multibillionaires. Wisdom seems to be nonexistent. Do you live in a $500000 castle btw?
Great discussion on this topic!It is very saddening! I’m an upper middle class Black American aka unicorn of sorts who’s income is over $300k & have been supplementing my poor church in south central L.A. + my grandmother’s church (plus many families)in Arkansas. It never seems to be enough!!I hate to admit that the lack of wealth is particularly concentrated within Black Life😢. This country has to do something for its people immediately! It’s getting worse by the day 🙌🏾🙏🏾.
You might find a book called "Understanding the Framework of Poverty" by Ruby Payne an interesting read since it sounds like you are trying to help people get out of poverty. (Your public library can probably interlibrary loan it.) It talks about the hidden belief systems that exist in each of our class systems (lower, middle, and upper class). These beliefs tend to keep us in the class into which we are born. These beliefs exist in all races, but they are tied to class--which is tied to education and often race. These beliefs make it difficult to get out of poverty. (Some of the examples in the book are a little extreme, because the book was written for teachers. So take what you can from the book, you may not agree with everything.)
Matthew Desmond, f*cking brilliant, man! You NAILED it!! Poverty is not inevitable, IT IS A CHOICE America makes to guard the fortunes of the wealthy at the expense (literally!!) of the poor. I'm buying your book today to learn more...
I love what the author said about the mark on the soul, is a mark on mental health. I have seen a lot of people go crazy because they don't understand how to make their resources work for them they work three jobs and are still unable to live comfortably, so it has to be solved, or society will implode.
So true and they need to stop hiding good programs you can only apply for if you know about them and no one makes the info available! that's just dam mean! Then they complain that the poor do not take advantage of them and want to cancel them lol omg makes me want to pull my hair out so frustrated with the system!
@@LovesNeverEnding exactly Jennifer, you are the reason, made my point : ) I said that cause I have know so many people that has happened to self included. Its like a game you cant win an I am getting tired of playing
Housing Authority on both coasts is sketchy af! I have paperwork from my experience being twice homeless with the assistance of Housing Authority! Once it happens it’s SO hard to get out. If you make $15 hr what housing CAN you afford?
15$ an hour can afford a nice little house or apartment in Red Counties of Appalachia. But you are probably used to living in a blue city so you don't realize that rent isn't ridiculous everywhere - only in blue communities.
@@fritzforsthoefel8031 I would push for policy that discouraged outstripping worker production with costs of goods that are necessities for living and prospering in this country. Discourage private investment taking out huge swaths of homes and encourage housing development to catch up on this shortage that we are now in. Discourage or tamp down on C-Suite compensation reaching a point that those companies were able to provide all employees with wages that met those necessary goods and services that provide a healthful and and satisfying life in this country. While also pushing for policy that encourage equity in the tax code. Preventing loop holes that benefit the wealthy that don't offer middle and lower classes to reap advantages as well. I would push for education costs to come down to a balanced level between wages and affordability for citizens. The people used to have a lot more spending power while the costs of those goods and services were also and a more affordable level. A rising tide should raise all ships it shows a major imbalance in our economy that it hasn't since supply-side economics initiated this trend. Where do you think the inflection point to where it has gone on for far too long in that direction lies? You have even Charley Munger calling the health system a disgrace. I mean, this experiment with a laissez faire version of capitalism has gone on too far. I mean when the wealthiest members of the economic system has such a stranglehold on lawmaking and resources that it is stealing the wealth out from underneath American Citizens to a point they can't thrive and live a healthy and satisfying life is beyond the pale. Thomas Jefferson, "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." The context is damned close to the way things have become. And I don't see how that's calling for changes that reach clear over to the extremes of communism. Do you mean to say there is no inflection point that we shall reach a form of modern day feudalism? Where people live in squalor under the heels of the C-Suite in the name of a free country with a small government?
@@fritzforsthoefel8031 I do NOT LOVE money or power!! I only want FREEDOM that you get from NOT paying debts and minmimizing paying taxes. If I do not buy I pay no sales taxes. I do not invest so I pay no income taxes. My income is very low which keeps me in a tax bracket so low that I do not even have to file my low income. I pay lots of money to a tax attorney to avoid taxes. At least the etx attorney is doing something, instead of being an advocate for laziness as a government employee.
Provide workers with a livable wage under your plan all you would have to do is drop out of school get a livable wage on the other hand if you go to college and become a doctor and work long hours and earn 400000 you will be taxed between local state and federal half your income how is that fair
I know this man means well… so I’ll say this: corporations should not have the ability to own homes. Housing should not be monetized. No more landlords. No single person can own more than one home. Federal rent control. Unionize all workers in the US. Cap income @ $685k
No. That was incredibly a dangerous downplay of how harmful it is to a human being to deprive them of shelter. The emotional toll isn't what kills you. It's the loss of water, power, and trash collection. You will never get an accurate analysis of poverty from someone at Princeton University. I bet this guy hasn't known a week without hair gel let alone without utilities.
@@SaveOurDisabilityFund Cry me a river. I have had a few bumps in life. Each time I was "homeless", but I just persevered until I could fight a new round. Winning! Very few of those I met "on the street" were focused on success instead if failure and victim-hood. Is that one reason for failure..or success? Life is beautiful from here. Work and prove what you can do. Or you can wallow in misery and excuses and blame those who are active and productive for your failures. Take the "Red pill" and enjoy life.
@@crimestoppers1877 That very stereotypical view of poverty is exactly why the problems grow worse. Keep trying the same thing over and over then it will just fail(as it has for decades) over and over. That right wing approach has seen more failures than a bottomless canteen.
@@crimestoppers1877 There it is the I/me approach. Give-me-mine-no-matter-who-suffers-and-consequences-be damned. I am not one bit surprised. Maybe if you weren't looking at the world through that toilet paper roll you might learn a few things about modern civilization, the consequences of stock trading, investment banking, and the depleting resources that aren't as infinite as you and your banker like to fantasize. When the egoism trip is over and the bodies are counted that money won't get you cup full of clean water. Because there won't be any left.
Seems the US Office of president will eventually be abolished/replaced with a board of elected, trustworthy leaders to publicly debate issues & solve the problems. The sooner the better!
Brilliant voice indeed . When i heard Amy narrate from prof desmond a line, that strike me hard , Brought tears flowing immediately. My grandfather, a peasant. among peassnts , (thats not hyperbole) , who i nevet met, said this to his 3 young son , my father was the youngest . Trsnslating to english, THE POOR ALWAYS PAY MORE and EAT the MOST. EXPENSIVE. low. Quality. RICE , just to put a little food into the stomach to stave off starvation. 1 meal a day is the norm . That is poor , And they aren't just farmers, they take piece-meal jobs home to earn a bit of extra money . - Didn't understand it when i was very young then, but by mid teen, i understand it FULLY , on why , , why my father and uncles are quite frugal on msny things . I appreciate FRUGAL then, till now .
The worst program that the HUD Administration came up with was the Section 8 program, where landlords could rent a $400 a month property for $1,200 a month with the $800 subsidy from the HUD program. HUD would come out best by using that money for the purchase of the home that's being subsidized as rentals.
This is brilliant discussion- thank you 🙏 I see in the UK so much money has been spent on housing programs that have benefited private rich landlords and property developers and yet we have an ongoing epidemic housing crisis with low income working families in temporary shelter. We are housing Ukrainian families first in my suburb where British families have been waiting for years on the housing register; which highlights to me housing can happen, the govt chooses who… It’s all building far right resentment and I fear that the outcome will be depressing for the younger generation. It’d be wonderful to see some kind of platform raising forum on this, to make governments accountable with hard data and evidence of their inaction - because at the moment there is a lot cheap words said by governments with MSM playing dumb for cash. In the UK private equity companies are running the private rental sector and the costs are going through the roof - people are paying more on rent than what the house would cost to buy but they can’t get a mortgage because they don’t have the deposit because literally all their money is going on housing and living / surviving - it’s this awful catch 22 for ordinary working families. I can’t see the govt doing anything, as many of the officials are linked to private equity firms - it’s like a corruption Ponzi scheme…
The working poor are the majority of the recipients of food stamps and other government benefits. Let’s talk about corporate greed and welfare and stop bashing working families.
@@brucelee5576did you not listen to the video? If there is a person that doesnt want to work, who cares? Your taxes literally go to lockhead martin or raytheon ceo's but youd rather focus your attention on a random made up poor person
@@HERES_JAWNiE I know right let’s fire some General Dynamics missile at Skid Row and Tenderloin , nobody who works for the industrial Military Complex ever took a shit on my sidewalk, that’s like say white collar criminals steel more money then thugs while true they don’t invade your home a rape your teenage daughter.
When I married, we converted my condo to a rental. We maintained an affordable rent, lower than others in the neighborhood, and didn't increase rents until our tenants moved. Over 30 years, we had only 2 of the 8 tenants did not leave the place in a state where we didn't have to spend thousands on repairs and cleaning. The last tenants cost us $25K in damages. "It's a rental" was the attitude. We live in the Bay Area (CA) -- we were done! So, now the person buying our unit increased the rents by 75%. Teaching people how to treat other people's belongings would go a long way in growing good landlords as well as good renters.
This is why I didn't invest in rental properties. My ex had one, they never paid the rent and when he finally got them evicted, they had completed destroyed the property. Took everything, cabinets, toilets, copper, and then wiped poo all over the walls and floors.
@@HerMajesty1 I'm so sorry that happened to you! Even with professional screeners (we have a professional management company doing it), you can still get a "unfit" renter. The last one we had worked, was in his late 40s-early 50s, had been a renter his whole life, but! Mommy had always paid the rent (and cleaned up his messes). When that type of thing happens and you meet the person who presents themselves well (at least once😉), it is difficult to filter. The people you had were not only unfit, they were vengeful. The only thing I can say about vengeful people is they tend to attract other vengeful people. That's fine because they will eventually meet someone who has mastered the game of revenge! And, you may guess what happens next!
I was taught, it was better to live on beans and peanut butter, than to take welfare. You are nothing without pride. I think a lot of people think this way also.
@@HendrixMichael-rk6fz Hi back, I'm a retired English teacher and really respect writers and YOU. Talk about seeing the big picture, you nailed it. Love and Light.
Professor Desmond is a great man! The human race is stuck in a stagnate box because of greed and cowardese! Scared to share oxygen but are so righteous and should be the holders of moral high ground abs law making!
let us treat poverty as a disease caused by mistrust of the system and its people causes the poor to care less about anything, even of themselves. It will be a good thesis to investigate for a PhD
The more money one has the more gifts and give-aways received. Conventions, black tie affairs, and the like are simple examples. Tax, credits, deductions, etc. are others. If you pretend to help poor people, even more money is made available. Thank you Mr. Desmond. Thank you Amy for this interview.
@@grmpEqweer And still come out of it have made more money, and not just from passive income, but from how the two parties structure government and economics FOR them.
Yes. The whole system relies on consumer dollars. If they squeeze the people to the point where a majority can barely buy anything, then the market will shrink catastrophically. ...Like 1929, it's likely to happen in a cascade.
@@icjulia2 And thanks to the last 60 years of presidency! It takes somewhat of a plan, and a lot of time to see that plan out, in order to create this level of poverty😳 Prince John did not pillage his peasants on accident…and his greed lost his heir to the throne!
@@fritzforsthoefel8031 I pay more than the unscrupulous rich folks and corporations that get more government assistance from the tax funds than the poorest people in the US. The system needs to be corrected.
You lie proof of that look at the general accounting office numbers it tells who pays what the too five percent pay over half the federal taxes and get next to nothing in return
You do not pay enough taxes to cover our current deficit spending and you want more our children will be left with a bankrupt shell of a nation because of democrat handouts
Professor Matthew Desmond's book "Evited," is a welll informed book. As a human being, when one listens to actual stories and speak with those going through this is the most painful. (These are real people.) The injustices lie in Washington DC. We need new ideas, and it's good to see Matthew cares.
Thank you ALL for this great reminder that the Rich lives off the Poor. America can do better. Please stay with the real issues of life. Democracy Matter!!!!!!!
@@davidanderson5245 Hello Precious one. This old girl is happy and loving life for what it is.... The photo beauty would that be a Spitz? As a teenager I had one name Snowball. That was 50 years ago. Make All your days great... no matter what.
This type of information should be taught in mandatory financial literacy courses in highschools across the nation. One of the key ways to eradicating a problem is learning about it. A lot of people simply don't know this information and learning it at a younger age helps people develop habits into a adulthood that keep the problem at a minimum if not totally abolish it
Remember Trump: “I love the poorly educated” The lack of proper education, the ignorance of how other countries live, and the inability to criticize our system makes for a population that can be easily manipulated.
I just want to say that I rented out a 3 bedroom house I own in AZ to a Hispanic family of 6 who had no credit and were illegal. I rented it to them for only 1000 bucks a month because I care about children and human beings... My house was valued at 225 grand when they moved in. And it's now valued at 312 grand because of the work they did on my house at their own expense. They planted citrus trees in my backyard. Set up a watering system. Replaced the garage door. Re-paved my driveway and sealed it and fixed every electrical problem... They were the hardest working most honest and kind people I've ever met. We remain friends to this day.
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.
I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.
trading is easier with proper guidance, especially from a professional, Newbies who are not aware of how crypto truly works and wish to make profits from it, I would advise to invest with a professional like Fergus waylen, It helps secure and minimize the possibilities of losses.
Seems that, as long as there is money to be made out of someone's misfortune, it will be treated as a commodity. Someone's poverty is anothers source of income. Misfortune, in the manner of wars, natural disasters & large scale accidents (like oil tankers breaking up) are "good for business".
@@fritzforsthoefel8031 they certainly do. The money to be made, the jobs created, by someones misfortune, usually ends up in others pockets. Disasters like leaking oil tankers require environmental cleanup, often over numerous yrs. Generating jobs & sales of various products (from initially oil containment equipment, boats & crews, perhaps the coast guard & various rescue operations - to restocking fish, wildlife rescue, longterm beach cleanups & im sure much more). Even the company may have applicable insurance covering their losses -perhaps partially). Same with wildfires & other natural disasters. Theres money to be made from the inital fire fighting, rescue operations, to rebuilding, - theres contracts for professional architect's, engineers, & finance/insurance companies to carpenters & other builders of all capacities. The same with wars. From the corporations with military contracts for armoured vehicles & weapons to turniquets & ration packs- all make $. After the war all the same apply as with the prior examples. Everyone will try to find their niche among those who find their profits among the ruins of others misfortune. Ive never looked into it, if there was any bail outs in the major tanker disasters- especially with Exxon. As gov. bailouts are another way some end up making $ in unexpected ways from tragedies. The latest pandemic proved to be extremely profitable for some. I recall reading about the rise in costs to N95 masks (& other PPE). Some corporations made their best profits during the pandemic (Amazon might have been 1, I dont have the figures here). While many other companies suffered & many went bankrupt (especially the smaller ones & certain industries worse then others).
That's like saying if someone vandelizes a number of cars in your neighborhood it's a good thing because of the jobs it creates jobs created by military spending hurts our economy because the person makeing a tank has to have housing food and more paid for by taxpayers and receiveing nothing in return except a tank which you can't live in or eat and if there was no tank building he could be makeing something of value like a car or a house
Environmental cleanups cost money that adds to our debt which at the current time is bigger than our entire economy meaning our lenders when they cash there bonds in for dollars they will buy up everything so no matter how much money you have it won't matter there won't be nothing on the shelf to buy
You voted for your policy makers so live with it. I live in Australia and exactly the same is happening here … we deserve the leaders we are voting for.
Here in the uk we have followed usa politicians playbook. I feel sorry for poor vulnerable sick in usa and uk and the very weLthy who sit there and allow others to suffer and die sicken me. Great channel 👏✌
The American people are kept in a hopeless state because hopeless people don't vote or participate in social movements. The UK's Tony Benn said that many many years ago. It's quite simple actually. Thank you Professor Desmond for this much needed treatise on the reality of living in the not so United States.
Also, I think he’s leaving out the part when NAFTA was put into effect, it destroyed a lot of middle-class workers forcing to be on government assistance
Yup, but the Boomers, their entitlements, Wall Street bailouts, the Biden-Ukraine money pipeline, and countless other policies stole that chance from us.
Not saying democrats are better but republicans have given me every reason not to ever vote for one again. After the corporate tax cuts during the Trump administration. That solidifies my decision.
I am barely maintaining my housing assistance and income based Medicaid that has two different sets of income limits. If you can't afford health insurance, then you can't be making more than 18k a year to keep income based Medicaid. I am living off of my brokerage account which has very little in it and which was supposed to be the beginning of a retirement account. My annual income last year was under 13k a year, and it will probably be around that this year, and yet I am unable to get the IRS to remove a tax lien due to my unpaid student loans from over 25 years ago for an education which I didn't even obtain a four year degree. I survived four years of homelessness because you need to have a decent credit rating in order to obtain an apartment, and the housing assistance program was closed nationwide to new applicants for over 7 years, and yet we can bail out bank and big companies when they fail. There should be a flat rate for rent for people on Section 8, not 30 percent of what you make. That's basically keeping people from getting out of poverty. I am sure the people in government knows this. This society is culturally sick. We shouldn't be living in a business class society. It's a cultural sickness. It encourages selfishness, materialism, narrow thinking, and ignorance. By the way, I am white and poor, but the reason why I am on the left is because I am educated on the right things -- like our history of propaganda and how we achieved social change in society. We need structural change across the board. We are living in capitalist madness. I just got a new job, and my hours were cut for two or three weeks due to the fact that the store did not make their monthly budget even though the company has about 25 Vice Presidents and their headquarters is in a wealthy beach resort town in Florida. I guess that was part of the deal when they were bought out by a larger company. Our welfare system has to be changed so that poor people are not penalized for trying to get out of poverty.
