Crazy Facts On Income Inequality, Bank Bonuses

Stunning facts about bank bonuses on Wall Street, average compensation and homeless kids are shared by The Young Turks host Cenk Uygur.

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[Louloe]

Merry Christmas everyone at TYT! Thank you for taking this year to the main stream!
For now its really a FTW moument for the american people!

[LifeInFrame]

Great stuff, really enjoy your videos. I love the "I drink your milkshake" quote.

[BustyerUniongoon]

@TheCreeperhunter
So you are proposing that once someone makes enough to reach a certain figure, they should shut it down? Retire and sell the business?

Could they keep any funds in bonds or stock investments?

[drogoscg]

Why isn't this information posted nation wide??

[Lodog]

Salary caps and minimum wages were supposed to allow people at the top to prosper, while people at the bottom were able to make ends meet. The minimum wage was stagnant while inflation and taxes increased. Those at the other end however saw their taxes lowered, while their incomes grew.

[ArtistikVision]

I loled so hard when he said "no no, I drink YOUR milkshake", can't remember what movie quote that is though.

[Magicwillnz]

TYT, you need to hire an editor. I've noticed spelling errors in every single one of your videos.
BTW, I'm an editor :)

[dangerouslytalented]

That 400 top people equalling the bottom 60%? Back in 2008, it was the top 400 people owning as much as the bottom 55%. In three years, they added 5% of the population's wealth. And THAT 5% was middle class.

[FaelanaBreeze]

That Walmart fact blew my friggin mind apart.

[DarthMocha]

Cenk missed an opportunity at the end to say "Seriously? You're gonna occupy Wall Street? Seriously?"

[LisaMurphy]

Hey ya'all, made sure to pay close attention to how much your Candidate takes from the big banks and Wall st.

[dangerouslytalented]

@DamazViccar The problem is, the owners don't have any say over who the CEO is anymore. There are so many shareholders and many of those don't even know they own shares in those companies because it is their pension funds that own them, So the executives elect their own CEOs, and the best man for the job is, obviously, the man who can raise their own bonuses to the stratosphere. Once a corporation is corrupted like that, it's doomed.

[motokx]

THANKS! For the FACTS. That's the ONLY THING that will wake people up. KEEP Disseminating the FACTS. Though you may know them and understand their implications to the current inequality crisis many do not and the NEW VIEWERS that drop by to watch the YOUNG TURKS etc. will be hungry for them. So KEEP REPEATING THEM!

[dangerouslytalented]

@bigboywasim But they usually flee the coop before that happens. They base their pay on a massive number of factors, the number of loans they dish out, the number of dirivitives they package, the fees and fines the customers accrue, the amount in cash reserves, whatever metric they can think of, not necissarily the stock price, just whatever numbers they think will go up.

[MythCollector]

"They're starving because they have no bread? They should eat cakes!"
Who remembers what happened after these words?

[PatFizzle]

One must keep in mind that $362, 862 is merely an average. Michael Jordan majored in geography at UNC. UNC can then say that the average income for students graduating with a geography degree is $100, 000 (or whatever it is) because MJ has made a ridiculous amount of money. Now in no way am I defending the banks, but it is important to remember that averages can be heavily skewed due to a handful of outliers.

[alberthadonlyone]

I have an idea where to send my application.

[ChristopherJManess]

4:35-4:41 Control is spelled with only one el.

[kendon]

@TOTCD What was wrong with it? Explain

[grygus]

@SHEEPLEwhisperer I don't see how they could possibly improve on the current formula.