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

Wealth inequality has never been funnier.

Photo by Laurel and Michael Evans on Unsplash

This could be the guest house.


Inequality has gotten worse than you think.

An investigation by former "Daily Show" correspondent Hasan Minhaj is still perfectly apt and 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 in every 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?


This article originally appeared on 3.23.15

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Jon Stewart returns to the 'Daily show' and doesn't miss a beat

In his first episode back as host, Stewart didn't mince words listing off the ways Biden and Trump were "similarly challenged."

Montclair Film Festival/Wikipedia, Paramount/Wikipedia

Jon Stewart returns as host of "The Daily Show"

After a nine year hiatus, Jon Stewart has returned as host of “The Daily Show.” And it’s a comeback so seamless, it’s as though he never truly left.

The GOAT of late night satire has a reputation for pointed humor, informed commentary and genuine enthusiasm for the topics he covers (not to mention his relentless interviewing skills) and Monday’s show had all these elements we’ve come to expect.

Wasting no time, Stewart dove right into one of his brutal but balanced assessments—this one of both President Joe Biden and Donald Trump.

He didn’t mince words about Biden’s recent press conference gaffs and head-scratching TikToks, which he noted were huge missteps for dispelling fears about how the Biden's age is affecting his cognition. It’s a subject many liberals feel hesitant to acknowledge—but not Stewart.

“Fire everyone. Everyone!” he quipped. “How do you go on TikTok and end up looking older?”

Of course, he spared no punches with Trump’s age or mental faculties, referencing the former president's bizarre warnings of Pennsylvania name begin changed should Republicans lose the race, saying “Biden’s lost a step, but Trump regularly says things at rallies that would warrant a wellness check.”

He then showed clips of Trump and his family being deposed and, similar to Biden, not being able to recall rather basic facts, dropping this wise-crack: “It turns out that the leading cause of early onset dementia is being deposed.”

Of course, with Stewart it’s never just jokes. Getting more serious, he noted how both candidates might be “similarly challenged,” and how in both instances, voters and outside allies are the ones expected to “silence concerns and criticisms”, when in reality “it is the candidates’ job to assuage concerns, not the voters’ job not to mention [them].”

And even though Stewart has far more criticisms of Trump, he succinctly noted why this particular threat to democracy calls for either a better plan, or a stronger candidate.

“Look, Joe Biden isn’t Donald Trump,” he said. “He hasn’t been indicted as many times, hasn’t had as many fraudulent businesses or been convicted in a civil trial for sexual assault or been ordered to pay defamation charges or stiffed blue collar tradesman….. The stakes of this election don’t make Donald Trump’s opponent less subject to scrutiny. It actually makes him more subject to scrutiny. If the barbarians are at the gate, you want Conan [the Barbarian] standing on the ramparts, not chocolate chip cookie guy.”

This is all followed up by “on the plus side, I’m told at some point the sun will run out of hydrogen.” Jon Stewart at his finest.

Naturally, fans were thrilled to see Stewart back in action. Here’s what some had to say:

“THIS is how you return to a show. Utterly seamless.”

“John has so much personality that just cannot be replicated. This is amazing to have him back.”

“Welcome back ! The world needs you now, more than ever! Thank you for your courage.”

“This man's comedic timing is even better than before, and I sure did miss his sharp wit. I'm hoping I can find his full episodes somewhere where I don't have to pay. I pay enough for cable and internet as it is. WELCOME BACK JON!”

“All hail the king! JON STEWART IS BACK!”

Stewart will continue hosting the Monday night slot on Comedy Central's “The Daily Show” throughout the 2024 presidential election cycle. More gems to come.

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Leslie Jones is here to stop your annoying relatives from discussing politics on Thanksgiving

She keeps the peace by shouting them down.

via The Daily Show/YouTube

Leslie Jones taking the politics out of Thanksgiving.

Thanksgiving is a time to be thankful for all of our blessings in life, and it’s also the holiday where people are most likely to argue about politics with their families at the dinner table.

Even though a recent poll found that 77% of Americans find it inappropriate to have such conversations on Thanksgiving, they’re bound to happen. The same poll found that 41% of Democrats and 29% of Republicans say they’re likely to talk about politics during dinner even though they know they shouldn’t.

For those who don’t want the holiday ruined by an argument between a Sean Hannity-loving uncle and his niece who prefers to listen to NPR, comedian Leslie Jones is willing to lend her services. Jones is currently the guest host of “The Daily Show” until producers find a permanent replacement for Trevor Noah, who left the show late last year.

In a recent sketch on “The Daily Show,” Jones says she will come to your Thanksgiving dinner to quell any political conversations that crop up.

Warning: Video contains adult humor.

In the sketch, Jones pledges to stop your dad from discussing Roe v. Wade, shut down your uncle from calling his niece a “lazy socialist” and even stop "annoying conversations before they begin," like when a young man is preparing to try some "MAGA sh*t" during the holiday.

Jones won't even allow your progressive brother-in-law to get away with making a land acknowledgment during grace.

The sketch is funny, but it’s also a great reminder to all of us this holiday. When things get heated over dessert on Thanksgiving, we can all tap into our inner Leslie Jones and stop the conversations before things get ugly.

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Ronny Chieng’s joke about Asian identity inspired a compelling debate about labels

"The Daily Show" correspondent's comments were about Rishi Sunak's appointment as U.K. prime minister.

via The Daily Show/Twitter

Ronny Chieng on "The Daily Show."

Rishi Sunak made history on Tuesday, October 25 by becoming the first Asian and Hindu prime minister in the history of the United Kingdom. His appointment is seen by many in the U.K. as an important step toward representation in a country that is 7.5% Asian.

Sunak’s grandparents migrated to the U.K. in the 1960s from India and his maternal grandmother was born in Africa.

However, this issue is a little more complicated from an American perspective where people of Indian descent are rarely referred to as Asian. We reserve the label for people of the Far East such as Japan, China, Vietnam and Korea.

To complicate things further, if you go by what the U.S. government has to say, Asian refers to people “having origins in any of the original peoples of the Far East, Southeast Asia, or the Indian subcontinent including, for example, Cambodia, China, India, Japan, Korea, Malaysia, Pakistan, the Philippine Islands, Thailand, and Vietnam.”

Things get a little vaguer when you consider the different ways people divide one another by race and ethnicity throughout the world. For example, even the term “American” is up for debate worldwide. We consider ourselves American in the United States, but in Latin America, an American is someone from Latin America.

Comedian Ronny Chieng had some fun with the nuanced topic of racial classifications on “The Daily Show” in a bit called “Don’t call Rishi Sunak the U.K.’s first Asian PM in front of Ronny Chieng.” Chieng was born in Malaysia.

In the bit, he made fun of how the term Asian means something different throughout the world. “Indians are not Asians. I love how Indians try to have it both ways, like being Indian and Asian. Pick a lane, OK,” Chieng joked.

The bit was funny because Chieng’s mock rage pokes fun at how we can be adamant about our identities even though, in many ways, they’re rather arbitrary. It’s all just lines on a map. Further, the concept of Asia wasn’t even created by Asians themselves, it was foisted on them by the Greeks.

Some folks thought Chieng’s jokes were spot-on.

But not everyone agreed on whether the joke was accurate or funny and the piece received a lot of serious responses. Such is the way of Twitter, if you make a joke, you get serious responses. If you say something serious, you get jokes.

Also, it was a joke, meaning, he wasn't being serious.

In the end, what’s important is that the U.K. government and its people have progressed to the point where it has appointed the first person of color to represent their entire country. That’s a big step toward the ultimate goal of living in a world where people are judged by their abilities rather than the color of their skin.

This point got a bit lost in the discussion surrounding Chieng’s joke, where he made fun of the fact that people are so keen to define one another by race, they lose sight of what matters.

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