+
Pop Culture

A 'Daily Show' correspondent asks a millionaire about inequality and gets an unexpected response.

Wealth inequality has never been funnier.

economics, poverty, The Daily Show

This could be the guest house.

This article originally appeared on May 23, 2015


Inequality has gotten worse than you think.

An investigation by Hasan Minhaj of "The Daily Show" shows that the problem isn't just your classic case of "the rich get richer and the poor get poorer."


As much as we hear about wealth inequality these days, one disparity remains mostly ignored: the gap between the wealthy and the ridiculously wealthy.

Minhaj spoke to Richard Reeves, an economist with the Brookings Institute, who painted a dark picture:

wealth, comedy, Hasan Minhaj

Wealth inequality on the rise.

All GIFs via Comedy Central.

The study Reeves refers to points to the growing wealth of the top 10th of the top 1%:

"The rise of wealth inequality is almost entirely due to the rise of the top 0.1% wealth share, from 7% in 1979 to 22% in 2012 — a level almost as high as in 1929. The bottom 90% wealth share first increased up to the mid-1980s and then steadily declined."

And no one's paid any attention.

Between the cries of the 45.3 million people in poverty and a dwindling middle class inevery state, the voice of the average millionaire is all but drowned out.

the one percent, inequality, investment

Millionaires unconcerned with financial disparity.

All GIFs via Comedy Central.

But not all millionaires are worried about growing inequality in the top 1%.

In his search for a concerned millionaire, Minhaj met Morris Pearl, a retired investment banking director and member of an organization called The Patriotic Millionaires. Minhaj was baffled by what Pearl had to say:

resources, rich, Ronald Reagan

Investment banking pays well.

All GIFs via Comedy Central.

What about trickle-down economics?

Trickle-down theory was popularized under Ronald Reagan's presidency. The idea was that clearing a path for the rich to make more money would spur more private investment, which would lead to more jobs and higher wages for all workers.

tax breaks, income, classism

Attempting the preach the reverse.

All GIFs via Comedy Central.

Reagan put trickle-down theory into practice in two basic ways: by lowering taxes for the wealthy and by freezing wages for the poor.

In 1981, he cut the top marginal income tax rate — which only applies to the highest-income households — from 70% to 50%. Then in 1986, he more than doubled-down by slashing the rate to 28%. (The current rate is 39.6%.) And under Reagan's leadership, the minimum wage was frozen, even as costs of living were rising.

Pearl and other so-called Patriotic Millionaires think top one-percenters like themselves should pay more taxes.

trickle-down theory, financial institutions, comedy show

Making rich people richer.

All GIFs via Comedy Central.

Not only that, they believe raising the minimum wage is critical to reducing inequality.

OK, maybe not everyone — including millionaires — are convinced that giving more money to the rich will fix the economy. So why do our policies do just the opposite?

Our home, from space.

Sixty-one years ago, Yuri Gagarin became the first human to make it into space and probably the first to experience what scientists now call the "overview effect." This change occurs when people see the world from far above and notice that it’s a place where “borders are invisible, where racial, religious and economic strife are nowhere to be seen.”

The overview effect makes man’s squabbles with one another seem incredibly petty and presents the planet as it truly is, one interconnected organism.

Keep ReadingShow less
@keepingalfoatwiththejoneses/Instagram

Inexpensive and tranquil…what's not to like?

Saving money and living comfortably don’t always go hand in hand, but people do find ways to accomplish it. Sometimes all it takes is thinking a little outside the box—getting a job that allows you to travel the world or swapping out a traditional mortgage for more creative, less costly home ideas.

Take this couple in North Carolina, for example, who gave up living on land to move into a floating cabin and apparently saved $27,500 annually by doing so.

According to Good News Network, Sarah Spiro, 27, and her boyfriend, Brandon Jones, 40, break down the math: Their one-bedroom floating home, which they bought in March 2021, originally cost less than $30,000. The pair then spent two months and $23,000 renovating, for a total initial investment of less than $50,000. And now, they pay $2,500 a year to live on the lake. Yes, you read that right. $2,500 a year. They used to pay that much per month on their combined individual rents.

Obviously, it was a “no brainer,” said Spiro.

Keep ReadingShow less
@allbelongco/TikTok

How bizarre, how bizarre.

It should go without saying that it’s not cool to steal from your Airbnb. But that doesn’t mean it doesn’t still happen.

However, when one Airbnb host recently discovered a guest had—for some strange reason—stolen one of her paintings, then replaced it with a completely different painting, she decided to make the best out of a very uncool situation by sharing the story on TikTok.

As a result, viewers got to witness an continuously unraveling, truly bizarre modern-day art heist.

Okay, let’s get into it.

Keep ReadingShow less
@katherout/TikTok

Just another unsolved mystery

Who doesn’t like a good mystery?

A video creator known as @katherout certainly does. At the gym Kath frequents, there’s a whiteboard with a revolving prompt with simple questions like “What are you listening to?” or “What city were you born in?” Gym goers then write their responses anonymously on the board.

Kath recently became enthralled—and tickled—by a person who somehow manage to write the word “monke” (as in the word describing a group of monkeys, apparently) on every single one of their answers.

Keep ReadingShow less

11-year-old girl is the youngest opera singer in the world.

The majority of 11-year-olds are perfectly content balancing the pre-teen life with Barbie dolls and tinted lipgloss. But one pre-teen is busy breaking records. Victory Brinker is an 11-year-old opera prodigy who was entered into the Guinness Book of World Records as the world's youngest opera singer in 2019 when she was almost 8 years old.

If you like opera—or even if you don't—hearing her vocal range of three octaves and voice control is impressive. When it comes to singing, control of your breath, pitch and tone can be difficult, especially when you're without years of classical training. Victory's skill is so impressive that when she appeared on America's Got Talent last year, she was given the "golden buzzer," which sends you straight to the finalist round in Hollywood.

Keep ReadingShow less

Brianna Greenfield makes nachos for her husband.

A viral video showing a woman preparing nachos for her "picky" spouse after he refused to eat the salmon dinner she cooked has sparked a contentious debate on TikTok. The video was shared on April 26 by Brianna Greenfield (@themamabrianna on TikTok) and has since earned over 2.5 million views.

Brianna is a mother of two who lives in Iowa.

The video starts with Brianna grating a massive hunk of cheese with a caption that reads: “My husband didn’t eat the dinner that I made…So let’s make him some nachos.”

“If I don’t feed him, he literally won’t eat,” she wrote. “This used to irritate me. Now I just blame his mother for never making him try salmon,” Greenfield wrote. The video features Meghan Trainor’s single “Mother” playing in the background.

Keep ReadingShow less