Why Inequality Feels Worse Than the Data Says It Is

Everybody wants to believe inequality is at an all-time high — but the data doesn't agree. Tom Bilyeu breaks down Economics Explained's deep dive on wealth vs. income vs. consumption inequality, why 'wealth is fiction,' the union holdup problem, R > G, and an extended thought experiment with Drew on the borrow-against-assets tax loophole. Same data, opposite answers — here's how to actually think about it. Tailor Brands: Check out Tailor Brands to get started with your business today: https://bit.ly/TailorBrandsSept Quince : Free shipping and 365-day returns at https://quince.com/impactpod ElevenLabs: Book your demo at https://elevenlabs.io/impactpod Cash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod *Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure. Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription order. ATT Business : Switch to AT&T Business at https:// business.att.com Incogni : Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Quo: ​​ Try for free PLUS get 20% off your first 6 months at https://quo.com/impact Pipedrive: Get more leads and grow your business. Go to https://www.pipedrive.com/impact and get started with a 30-day free trial. Netsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory . Butcherbox: Go to https://ButcherBox.com/IMPACT to get $20 off your first box, plus your choice of free ribeye, new york strip, or filet mignon in every box for a year — with free shipping always What's up, everybody? It's Tom Bilyeu here: Want my help starting a business? Join me here inside Zero To Founder Sign up for my AI Masterclass: AI Masterclass Follow Me: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .