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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?

True

After over a thousand years of peaceful relations, European semi-superpowers Sweden and Switzerland may finally address a lingering issue between the two nations. But the problem isn’t either country’s fault. The point is that the rest of the world can’t tell them apart. They simply don’t know their kroppkakor (Swedish potato dumpling) from their birchermüesli (a Swiss breakfast dish).

This confusion on the European continent has played out in countless ways.

Swedish people who move to the United States often complain of being introduced as Swiss. The New York Stock Exchange has fallen victim to the confusion, and a French hockey team once greeted their Swiss opponents, SC Bern, by playing the Swedish National Anthem and raising the Swedish flag.

Skämtar du med mig? (“Are you kidding me?” in Swedish)

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Identity

75-year-old ‘hip-hop granny’ impresses and inspires with her dance moves

Ms. Stephanie didn’t even start formal dance lessons until she was almost 30.

Ms. Stephanie bringing it at her hip-hop class.

Stephanie Walsh isn't your average hip-hop dancer. At 75, "Ms. Stephanie" is still able to hold her own on the dance floor, popping and locking with people a third her age, and she loves it.

When you see her dance—and her enviable muscle tone—you might think she'd been a trained dancer all her life. But she actually didn't take any formal dance lessons until she was almost 30.

Walsh told Growing Bolder that she had wanted her daughter to dance when she was little, so she got her ballet lessons, which the daughter hated. Realizing that dancing was her dream and not her daughter's, Walsh took her kiddo out of ballet and started classes herself right away.

She had always loved to dance and developing her skills only led to more and more dancing.

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SNL sketch about George Washington's dream for America hailed an 'instant classic'

"People will be referencing it as one of the all time best SNL skits for years.”

Saturday Night Live/Youtube

Seriously, what were our forefathers thinking with our measuring system?

Ever stop to think how bizarre it is that the United States is one of the only countries to not use the metric system? Or how it uses the word “football” to describe a sport that, unlike fútbol, barely uses the feet at all?

What must our forefathers have been thinking as they were creating this brave new world?

Wonder no further. All this and more is explored in a recent Saturday Night Live sketch that folks are hailing as an “instant classic.”
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Ever wonder why people 100 years ago died so much younger? It's these 14 reasons.

1796. That's when we invented vaccines. An English doctor named Edward Jenner took incredible risks to try to rid his world of smallpox. Because of his efforts and the efforts of scientists like him, the only thing between deadly diseases like the ones below and extinction are people who refuse to vaccinate their kids. Don't be that parent.

FACT CHECK TIME! This article originally appeared on 11.21.14 and this infographic is based on data from 2012.

Unfortunately, because of the misinformation from the anti-vaccination movement, some of these diseases have trended up in a really bad way over the past several years.

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Woman's mom makes surprise visit to baby shower but she hilariously keeps overlooking her

She was so busy hugging friends that she didn't notice her mom was standing right there.

Woman doesn't recognize her own mom at baby shower

Sometimes we get caught up in the moment and overlook details that are right in front of our faces. It's usually little things, like forgetting a bag or not remembering what your spouse was wearing. But sometimes, we overlook some pretty significant things and it's something that can really only be explained by excitement.

A moment like that was caught on video and shared with LADbible on social media.

One woman having a baby shower was doing her duties greeting guests who arrived, particularly excited about a pair of friends that showed up. Hugs, smiles and greetings flowed while one person stood awkwardly to the side hoping the pregnant woman would stop to notice her. The woman sort of smiled as she watched the mom-to-be gush over her friends as she hugged their necks. It didn't take long before the pregnant woman looked in the direction of the person waiting to be greeted.

But it didn't register who was waiting patiently for a hug, until again, she looked in the direction of the woman waiting. Nope. Still didn't click.

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Mom wants to know when Halloween became 'an adult pub crawl'?

"Have parents always done this, and they're just being more public about it now?”

Celeste Yvonne had a recent Halloween realization.

Celeste Yvonne, a certified recovery coach and a founding host of the Sober Mom Squad, had a Halloween realization and wanted to know if she was the only person who felt the same.

“This morning, I'm listening to parents at the school drop-off area talk about how they will be bringing a keg onto their golf carts when they do the trick-or-treating rounds with their kids this year,” Yvonne says in a viral TikTok video.

“I'm not shaming them, but my question is: when did trick-or-treating become a beer crawl or pub crawl for adults?” she asked. “This is a newer phenomenon, isn't it? Or have parents always done this, and they're just being more public about it now?”

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SpecsaversOfficial/Youtube

"Then I'm gonna give you up…then I'm gonna let you down.."

Rick Astley fans, rejoice. The singer has just released a new recording of his biggest hit “Never Gonna Give You Up” on Oct 24.

Only this version might be…a little different than what you’re used to hearing. Unless of course you’ve been hearing it wrong this entire time.

That’s because this version incorporates all the commonly misheard lyrics associated with the 80s bop. Cause why not?



In the new version of the track, you might notice “we’re no strangers to love” being replaced by “we’re no strangers to lunch,” as well as Astley, for some reason, singing “your aunt’s naked” and belting about running around with dessert spoons.

Listen:

That’s right, “don’t tell me not to plant a seed,” indeed! Free gardening for all!

Of course, this is more than just a fun cover. Astley partnered up with Specsavers to raise awareness of hearing loss—something the 80s icon struggles with himself and currently wears hearing aids to help with the condition.

In an interview with Alison Hammond and Dermot O’Leary on “This Morning,” Astley shared that he first started noticing issues while performing live shows again.

“I went to have my ears checked. I have noticed over the last few years, and we have in-ears when we play live and I’ve been turning them down over the past few years because I’ve noticed that it’s been too loud when I come off stage. I can hear it ringing,” he said.

Specsavers conducted a survey on 2,000 adults, and found that a little over 16% blamed their hearing for getting lyrics wrong. Meanwhile 28% admitted having difficulty hearing the TV or radio properly. And a whooping 51% find conversations with background noise difficult. (Daily Mail)

And yet, over half of the participants had never had their hearing tested. The reasoning for this could be twofold.

One, people might assume that only those like Astley, who’ve spent a majority of their life surrounded by loud noise, could be susceptible to hearing loss (in actuality, about one-third of older adults have hearing loss, and the chance of developing hearing loss increases with age). So they might not think that a misheard lyric here or there could be a sign of a larger issue.

And two, some people might not want to admit that they are having hearing loss, embarrassed at the notion of having to wear hearing aids and being perceived as old or disabled.

And that’s why Specsavers sought the help of a pop icon in their campaign—to break any stigma surrounding hearing aids and inspire others to get their hearing tested.

“I’d encourage anyone to get their hearing tested if they notice any changes,” says Astley, “so they don’t lose the sounds or music they love.”