5.9K views · 112 reactions | Bob gets upset at the existence rich people, thinking that there is a permanent class of people at the top, and a permanent class at the bottom, but Seamus helps him understand that over time, people are actually constantly moving up and down the income distribution. Most of us start nearer to the bottom and work our way up as we gain experience and skills. | FEE - Foundation for Economic Education | Facebook

In 2017, nearly 80% of US households were making incomes that would have placed them in the top 20% in 1967. Full interview with mathematical economist John Early: https://humanprogress.org/john-early-myths-about-american-inequality/ Read the highlights: https://humanprogress.org/myths-about-american-inequality-podcast-highlights/ Check out his book: https://www.amazon.com/Myth-American-Inequality-Government-Biases/dp/1538167387 | HumanProgress.org