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The Wealth Gap Is Getting Worse.. And It’s Not Slowing Down · Earn Your Leisure

• 0:00
  Speaker 1: So let's talk about the wealth gap.
• 0:01
  Speaker 2: Should the top top ten percent of Americans owned seventy
• 0:05
  Speaker 2: percent of the wealth, currently bottom fifty percent own to
• 0:09
  Speaker 2: the three percent of the wealth. And we know that
• 0:13
  Speaker 2: white household have a seventy four percent home ownership rate
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  Speaker 2: when black households have a forty five percent home ownership rate.
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  Speaker 2: We know that the average white networth is around one
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  Speaker 2: hundred thousand dollars or so HM blacks is like fourteen thousand.
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  Speaker 2: So there's a lot of disparity. Let's say there's a
• 0:38
  Speaker 2: lot of disparity.
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  Speaker 1: Is it going to get worse?
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  Speaker 3: I'll go to you guys first, because I have a
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  Speaker 3: gloomy take about this and now I want to bring
• 0:51
  Speaker 3: down energy to show solid trum shot.
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  Speaker 4: Go first.
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  Speaker 3: You heard it my voice already, wan'n take it.
• 1:00
  Speaker 1: What is it going to get worse?
• 1:02
  Speaker 4: Yeah? So do you think it's gonna get worse?
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  Speaker 1: Yeah, it's going to get worse.
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  Speaker 2: It's gonna get worse for everybody, but especially for the
• 1:10
  Speaker 2: people at the bottom of level, because it's the value
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  Speaker 2: of the dollar is going down dramatically, and jobs not
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  Speaker 2: only are they not paying more money, but they're losing.
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  Speaker 2: If you looked at the report that I believe and
• 1:29
  Speaker 2: one claud it's one of these put out as far
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  Speaker 2: as the AI feels that it's going to take, and
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  Speaker 2: it just showed like it's just a small percentage of
• 1:37
  Speaker 2: what they assume that the jobs will be taking over
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  Speaker 2: the next twenty years. Yeah, we haven't even touched scratched
• 1:43
  Speaker 2: the surface yet. Actually, white collars once again, that's why
• 1:47
  Speaker 2: everybody's talking about these trades. That's why the trade things like,
• 1:49
  Speaker 2: look all right, look can't beat them, join them. There's
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  Speaker 2: going to be some trade things that invest fast because
• 1:54
  Speaker 2: you know, hey, why not I'm tired of going against
• 1:57
  Speaker 2: that wave. So hey, it's not a bad you can't
• 2:02
  Speaker 2: everybody can't do the same thing you can't. It's called
• 2:04
  Speaker 2: you can't beat them, join them. I will say this,
• 2:07
  Speaker 2: I did some research on this. Electricians is the hardest
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  Speaker 2: thing to do. It's also why they potentially make the
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  Speaker 2: most money. But electrician is kind of hard, Like you
• 2:16
  Speaker 2: gotta go to the program, you gotta be an apprentice
• 2:19
  Speaker 2: for four years, you gotta pass several tests. Then next
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  Speaker 2: on that list is plumbers.
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  Speaker 1: Ian has.
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  Speaker 2: Lost in Next on that list. Next on that list
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  Speaker 2: is Plumbers, which is also pretty difficult. I did research
• 2:34
  Speaker 2: on it and necessary. They're all necessary, but nothing is
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  Speaker 2: easy in this world. The easiest out of the trades
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  Speaker 2: to get in.
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  Speaker 4: Do you know, I mean, there's so many trades.
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  Speaker 1: H FAC.
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  Speaker 2: H fact is the relatively easiest trade that you can
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  Speaker 2: actually get up and running. So that was interesting. And
• 3:02
  Speaker 2: the h VAC is obviously needed. And they do a
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  Speaker 2: variety of different They do a variety of different things
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  Speaker 2: they cover. They cover a wide range of house needs
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  Speaker 2: and commercial building needs as well.
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  Speaker 5: H VAC something we can attest to for sure, for sure,
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  Speaker 5: definitely needed.
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  Speaker 4: You need your electrician and you need your plumber.
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  Speaker 1: HVAC. HVAC make the world go around.
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  Speaker 2: But yeah, construction, that's kind of a little difficult to
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  Speaker 2: get into as well, like on on the highest level.
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  Speaker 2: So all right, loll story short. Yes, all signs of
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  Speaker 2: pointing to the wealth shifting even more. We're about to
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  Speaker 2: have the largest wealth transfer in history. When we talk
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  Speaker 2: about baby boomers passing down fall one k's passing down,
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  Speaker 2: I ra's pass passing down, pension plants passing down homes,
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  Speaker 2: We're about to see brillions of dollars being transferred over
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  Speaker 2: the next one years, the largest wealth transferring in American history.
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  Speaker 2: Sad part about it and life insurance. I forgot to
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  Speaker 2: mention that the sad part about it is that a
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  Speaker 2: lot of people in our ecosystem, their parents don't have
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  Speaker 2: any four one K, they don't own a home, and
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  Speaker 2: they don't have life insurance.
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  Speaker 1: So the rich get richer.
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  Speaker 2: Unfortunately, in life, sometimes the rich get richer, and sometimes
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  Speaker 2: you can get rich by accident.
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  Speaker 1: Literally, you could just get rich by accident.
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  Speaker 2: But if you're not, if you're not fortunate enough to
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  Speaker 2: get rich by accident, you got to get rich on purpose.
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  Speaker 4: Big facts.
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  Speaker 1: Don't let that go over your head.
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  Speaker 5: Can I add something to this because I had I
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  Speaker 5: had a conversation last night with one of the wealthiest
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  Speaker 5: people that I've been around, and the conversation about AI
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  Speaker 5: came up, and our interview came out with your aid
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  Speaker 5: about life expectancy, and one of the things we were
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  Speaker 5: talking about was the idea of people living longer, but
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  Speaker 5: also the reason why they want to live longer, right,
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  Speaker 5: they want to accumulate more wealth. For sure, the wealthiest
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  Speaker 5: people are living longer to accumulate more wealth. Well, what
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  Speaker 5: happens to the people who are trying, right, Because they're
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  Speaker 5: staying and occupying those spaces, and I was like, damn right,
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  Speaker 5: Like that means that there are always going to be
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  Speaker 5: a permanent employee class, right, that it growth because is right,
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  Speaker 5: it's not being passed down to your kids anymore.
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  Speaker 4: Just saying like, oh, they're gonna they're gonna botch this.
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  Speaker 5: The way we're gonna look at generational wealth is going
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  Speaker 5: to be completely different. And then I was like, well,
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  Speaker 5: if they live longer, who who can do it? And
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  Speaker 5: so we started the conversation of Eli Lilly and I
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  Speaker 5: know some people are putting in the chat and what
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  Speaker 5: golps are doing in terms of weight loss, and obviously
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  Speaker 5: that the health you know, benefits of people not becoming
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  Speaker 5: at risk, what AI is going to do for disease, diabetes,
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  Speaker 5: sick of cell cancer, things of those natures. And it
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  Speaker 5: dawned on me that this is, yes, it's a health issue,
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  Speaker 5: but who can afford it? Because the next thing we
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  Speaker 5: talked about were peptides, which is like the new wave,
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  Speaker 5: like this is really expensive, Like this is like a
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  Speaker 5: they're saying like it works faster for weight loss and
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  Speaker 5: attacks fat differently, but it's very expensive. And so the
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  Speaker 5: people who are doing that, and the people who are
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  Speaker 5: trying to preserve and live longer, that comes out of cost.
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  Speaker 5: And so for the person who can't afford to pay
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  Speaker 5: their rent, or the person who has student loan debt,
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  Speaker 5: or the person who has credit card debt, can they
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  Speaker 5: afford to be in that category of people who are saying, Hey,
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  Speaker 5: we're going to try to live longer. Whereas the people
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  Speaker 5: who have capital will decide, yes, we're living longer and
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  Speaker 5: we can afford to live longer.
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  Speaker 1: Well, everybody can't afford to live longer.
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  Speaker 5: Well, if health doesn't become affordable, then they won't.
• 7:02
  Speaker 2: The original healthcare so is the best medicine. Okay, it
• 7:09
  Speaker 2: comes from the earth. This is true me personally, I
• 7:11
  Speaker 2: just started the soursop. I started my Soursop cleanse. This
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  Speaker 2: is where you get it from. Wait did I get
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  Speaker 2: the surasop?
• 7:19
  Speaker 1: Yeah?
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  Speaker 2: Like what what retailer? Yeah, let me do the cleanse first.
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  Speaker 4: No no, no, no, not important.
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  Speaker 2: I want to see. I just started it. It's a
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  Speaker 2: fourteen day cleanse. Let me do to cleanse first. If
• 7:32
  Speaker 2: I see positive results, I will give free promo.
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  Speaker 4: So this is the thing.
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  Speaker 5: This was so All these things are part of the conversation,
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  Speaker 5: and I'm like, yes, you can. There's so many different
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  Speaker 5: things that people are doing right now to you know,
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  Speaker 5: biohack them their bodies, naturally, industrial product all the things.
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  Speaker 5: And I'm like, again, it all comes down to exposure,
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  Speaker 5: it comes down to having the resources, but it's ultimately
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  Speaker 5: going to come down to the capital that you have
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  Speaker 5: in order to do those things.
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  Speaker 4: And so if we don't have capital.
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  Speaker 1: But once again, I think that I don't agree with that.
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  Speaker 2: Though it's more expensive to eat bad than it is,
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  Speaker 2: of course, it's more expensive, like you can you can
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  Speaker 2: still health as well.
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  Speaker 4: Say that line again, Say that line again.
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  Speaker 2: It's more it's more expensive to eat bad than it
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  Speaker 2: is to eat good. Yes, if you really think about it, Yeah,
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  Speaker 2: like you can you can be healthy. Being healthy is
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  Speaker 2: not just for rich people. No, no, I'm not saying that. No, No,
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  Speaker 2: that that I'm not saying. I'm saying people eat healthy
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  Speaker 2: and still perish.
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  Speaker 1: Yes, of course.
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  Speaker 4: And on top of that, what they're thinking is like,
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  Speaker 4: I'm not trying to perish.
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  Speaker 1: Oh yeah, I mean that's biohacking all this is, this
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  Speaker 1: is what I'm saying.
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  Speaker 2: But what I'm saying is that we know that it's
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  Speaker 2: a direct correlation from amount of money that you make
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  Speaker 2: from the life expectancy that you have. Black people have
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  Speaker 2: a lower That's that's why I'm going. Black people have
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  Speaker 2: a lower wealth percentage, but they also live ten years
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  Speaker 2: lower on average. Hard disease is the number one killer
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  Speaker 2: for black males. So what are we consuming junk food?
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  Speaker 1: Right?
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  Speaker 4: Because it's extensive to have the products that are actually
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  Speaker 4: helped you.
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  Speaker 1: But a lot of time, real quick hold on the
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  Speaker 1: state right down.
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  Speaker 5: A thousand dollars a week on the zaza someone, I'm
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  Speaker 5: not listening.
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  Speaker 4: Only yes, that happens.
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  Speaker 1: That happens.
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  Speaker 5: There are people who go, like, look at the grocery
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  Speaker 5: bro Like, there's a difference when you go to h
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  Speaker 5: smart or shot whatever and when you go who it's
• 9:45
  Speaker 5: a huge difference. Can you afford to be in whole
• 9:48
  Speaker 5: fools four times a month? That's tough.
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  Speaker 3: But even even post acquisition of Amazon, because both of
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  Speaker 3: you are right, and I'm gonna come in the middle.
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  Speaker 4: Pause, Oh no, I'm funny.
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  Speaker 3: The healthier foods have been drained in pesticides where it's
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  Speaker 3: even harder to That's why I ask the source up question.
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  Speaker 3: Even here in Texas, shout to HB sprouts, whole foods.
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  Speaker 3: It's hard to find watermelon in store with seeds in it.
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  Speaker 1: You know the number one.
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  Speaker 3: Thing the most people consume once a year and don't
• 10:34
  Speaker 3: know that this fill with poison. It's roses on Valentine's Day.
• 10:39
  Speaker 3: If you've ever been to a rose manufacturer, they smell amazing,
• 10:44
  Speaker 3: but when they handle the roses they have hazmatsus on
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  Speaker 3: hand to toe. Ask anyone that's ever worked at a
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  Speaker 3: rose farm or factory. All the chemicals that are like
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  Speaker 3: shot to everybody who get the venus at your flipping
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  Speaker 3: forever flowers and all that shit. You have to be
• 11:00
  Speaker 3: mindful of how they're sourced because all of those are
• 11:02
  Speaker 3: not built the same Like Venus is fine, but some
• 11:05
  Speaker 3: of the other brands may not be right. So even
• 11:08
  Speaker 3: if you want to eat healthy, the companies have been
• 11:10
  Speaker 3: sued for putting cell phone towers and energy plants and
• 11:14
  Speaker 3: now data centers and pesticides throughout like one company allegedly
• 11:19
  Speaker 3: with so nefarious that if their seed landed on a
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  Speaker 3: farmer's property, they couldn't grow crop with their own seed.
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  Speaker 3: So it's not just that a person can't eat healthy. Sometimes,
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  Speaker 3: as we've been poisoned to death, and we feel it
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  Speaker 3: when we go out the country. The food that we
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  Speaker 3: have here at a high end restaurant isn't comparable to
• 11:41
  Speaker 3: a low in super Micado in Mexico. It's pure bullshit
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  Speaker 3: in comparison.
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  Speaker 5: And we all traveled, and we traveled the world together,
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  Speaker 5: and we I mean we all can pretty much to
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  Speaker 5: say the same thing.
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  Speaker 4: Every time we eat outside the United Seeds, it's a
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  Speaker 4: very different. Our bodies feel different.
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  Speaker 5: So on top of the food that we're consuming, now,
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  Speaker 5: we're you know, we're getting sick, right, that's obvious. So
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  Speaker 5: this is all there. It shows it, right, So can
• 12:08
  Speaker 5: you stay here? In terms of health care? Health care
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  Speaker 5: is unaffordable. Now does that change? Does that change? So
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  Speaker 5: if you can't afford the healthcare, you can only consume
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  Speaker 5: the food that you can afford. And the wealthier are
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  Speaker 5: getting wealthier and deciding that we're staying longer.
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  Speaker 4: Yeah, I don't see it getting better.
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  Speaker 3: And the thing about the racial wealth gap that no
• 12:31
  Speaker 3: one ever wants to talk about or say ai is
• 12:34
  Speaker 3: the final infinity stone in racism because now it separates
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  Speaker 3: the racial wealth gap away from a person or a system,
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  Speaker 3: and it puts it against the machine.
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  Speaker 4: Yeah, if you.
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  Speaker 3: Know that the creation and development of AI is going
• 12:52
  Speaker 3: to lead to all the job erasure and AI is
• 12:55
  Speaker 3: just code. Now, there's no one you can sue because
• 12:59
  Speaker 3: there isn't a legal process to sue an agent or
• 13:03
  Speaker 3: an agentic farm for discrimination as discrimination has been happening
• 13:11
  Speaker 3: at scale for the last year and a half. Now,
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  Speaker 3: is it affected other parts other than us?
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  Speaker 4: Of course.
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  Speaker 3: Now, I've been saying that the nation is feeling even
• 13:20
  Speaker 3: with the unrest and the protests, they're feeling what we've
• 13:23
  Speaker 3: been saying in the last one hundred years. Right, But
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  Speaker 3: the final infinity stone is to say, Okay, if we
• 13:28
  Speaker 3: can't take everything the way we want to take it,
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  Speaker 3: let the AI and the agents and the robotics be
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  Speaker 3: the face so they don't have anyone to point to
• 13:38
  Speaker 3: to sue or go after. And that's the scary part
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  Speaker 3: about AI that you have to use it, but it's
• 13:45
  Speaker 3: almost like using the weapon that's gonna kill you at
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  Speaker 3: the end.