Rich vs Poor: Is the Economy Rigged? | Middle Ground

Everyone in this video was tested for COVID-19. We will continue to adhere to local guidelines and safety precautions for the health and safety of our cast and crew.

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We believe in the power of empathy for human good. Ultimately, we aim to inspire people to EMBRACE EMPATHY.

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00:00 Intro
00:27 Being poor is a choice
02:35 Billionaires should not exist
07:05 The economy is rigged
13:46 I've worried where my next meal would come from
18:57 $15 an hour is not enough for minimum wage
22:49 More money, more problems

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[itsbrunnar]

It would be interesting to watch a self made rich vs inheritance rich

[Pablo-ixxf]

The first girl that assumed everyone has access to facebook really lost me, imagine living in so much privilege that you think having a phone and internet is a given

[a.c.]

It makes me really sad that nobody even mentioned the poverty cycle. This issue definitely needs to be discussed more, preferably with people who are experts on poverty & the economy

[TheJackCain-]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[marcello]

Some people might lose everything out of their poor choices, but blaming general poverty on people "laziness" is a naive statement that doesn't take in consideration multiple external factors that played a role in the process.

[Yunhomatata]

This episode was tense. Normally at the end everyone hugs each other but this time they didn’t say a word lol

[MankindDiary]

"Give me 60k and I'll stop gambling"
Like dude, that's not how addiction works. She would gamble away the entire 60k in a day.

[lurkzie]

The woman with the gambling addiction who thinks making more money would solve her problems is completely delusional... giving her more money would be like dumping gasoline on a house fire

[emilykramer]

I wish they would have touched on health related issues causing poverty as well. My mom is very sick and lives with major illnesses which makes it extremely difficult for her to work. Getting disability is actually a lot harder than people think. I'm 17 and have been working different jobs to support my mom. As it can be a choice, there are many factors that can contribute to why somebody is unable to fully work and support themselves.

[karsonlusi]

"being poor is a choice" sounds like something that bank robbers would say in their prep talk

[taramarielee]

I think the statement that "we all have choices, but we don't all have the same choices" was such an important point. Some people have to choose between investing in housing or food, while others choose between investing in a rental property or in the stock market. You can't invest in things to "get ahead" if you're constantly having to choose which need to fulfill.

[gingerkilkus]

I wish i learnt most of these principles about sixteen years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $290k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[jennyhammond]

What people forget is that the poor literally can't save money to invest in something, go to school, etc. They're just trying to survive the DAY. I was taking the city bus for a while and would buy the monthly pass, because it's cheaper than paying for a single ride each time. I didn't understand why everyone wasn't just buying the monthly pass. It hit me that they will never be able to save the $50 at once for the pass because they're just trying to scramble enough quarters for today's fare and for something to eat.

[alyssailiff]

What got me “I go into a job and work as hard as I can to get a promotion” I have done this at every job I’ve ever had been working since I was 16. All that has gotten me is minimum wage with higher expectations and picking up the slack of those who do minimum work.

[kofikofi]

i think rich people always forget that people need reasons to live. you can’t just work, work, work and save money and disregard everything else for the instability of one day becoming a millionaire or a billionaire. people need something that makes them happy and if they’re living paycheck to paycheck and happen to have a small amount of money left, they should be able to indulge in that without the fear that they could be homeless next week.

[CameronFussner]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[mofire]

Rich people who were once poor seem to often have incredibly blinding survivorship bias.

[Arnelle_Art]

At my very first job after high school I was told by the hiring manager that if she knew that I was going to college two months after I was hired she wouldn’t have hired me. And I applied for Walgreens while I was in college and did not get that job because the hiring manager said that he knew that once I graduated I would quit for a better position. So if these minimum wage jobs are temporary, then somebody needs to tell these minimum wage jobs that. Because they are hiring people with the expectation that they will stay for the long-haul

[lassmallieber]

Therapy being too expensive was a very important point and I think mental health wasn't discussed enough. I believe that making bad life choices often derives from trauma, escapism, hopelessness. Poverty very much amplifies these factors. Selfmade rich people basically argue that they were determined and managed to pick themselves up so they deserve everything that comes to them nd they do. But the flipside is that people who are paralyzed because of mental health issued that are often seen as just being lazy don't deserve anything. And that's sooo fucked up. I do not believe that weak people should be left behind because they're weak. We as a society have come far enough to overcome natural selection and instead help everybody to lead a happy life without worrying about literal survival.
Sorry for the rant

[DearAliya]

It is definitely a glossed over fact that many huge corporations and rich celebrities DO in fact take advantage of cheap labour in under-developed countries to further expand their wealth. And to say "Well, at least they have a job even though the pay is disgustingly low" is insane.