Refuting the Real Reason the Economy Might Collapse and Wage Stagnation

Robert Reich, being the typical socialist, seems to believe there might be an economic collapse for irrational reasons, namely supposed "wealth inequality." In this video I refute this nonsense with more detail regarding statistics that contradict such an erroneous claim that there has been wage stagnation in the United States. This myth is so pervasive and is something socialists use all the time, yet, no matter how often they are told that it's a myth, they persist on spreading such nonsense, no different to the industrial revolution.

As I've argued before, socialists are not interested in real world solutions to problems, the truth doesn't interest them, which is why they find the truth so offensive and will try and argue against it emotionally at every given turn. This is because their agenda for their religious ideology means more to them than anything. Seeing that the rich have been getting richer and poor have been getting richer, for whatever reason, angers them. You would think for any normal healthy minded person they would think that's a great thing, but for socialists, they find that deeply upsetting.

Robert Reich is just a long list of socialists perpetuating this myth and continues to spout such nonsense on the causal effects of the Great Depression and Banking Crisis of 2008. As I have addressed many times before, his solutions to the problem, were actually the main cause for why the crisis had occurred, which is the very reason why we ended up in this mess to begin with. Marxists and Keynesians alike are obsessed over controlling the economy, which is why in the name of Keynesian pump priming you saw the interests rates being artificially kept low causing the boom and bust cycle.

You can watch my video I explained on the 2008 Financial Crisis here:
• https://www.youtube.com/watch?v=FCHahZ2e6kU

I also covered the Great Depression briefly:
• https://www.youtube.com/watch?v=82dH_7S22Mw

• Inequality Explained: (0:00)
• Wage Stagnation Myth: (1:13)
• Top 1% Myth: (6:12)
• Defining Wealth: (6:24)
• Face of a Cronyist: (7:26)
• Costs of Living: (8:27)
• The Real Debt: (9:20)
• A Reallocation of Spending: (10:00)
• Cause of Booms and Busts: (10:23)
• Government Expenditure: (11:19)
• Erroneous Inequality Claim: (11:50)
• The Great Depression Myth: (12:15)
• 2008 Financial Crisis Myth: (14:04)
• Conclusion: (17:32)

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