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Wealth and Inequality on YouTube


-This article was originally published at National Review Online.

On November 20, 2012, a video alleging vast wealth inequality in America was posted on YouTube. Over the last few weeks, the video has gone viral, with over 5.1 million views as of this writing and prominent political mentions, including at Ezra Klein’s Washington Post “Wonk Blog.”

The video relies on scare tactics, such as a reference to the wealth held by the top 1 percent being “off the chart” — which is a problem with the scale, not the wealthy. It changes from referencing “wealth” to referencing “income” without appropriately differentiating between the two. And it makes loaded assertions, such as saying that wealth distribution is not “fair” and the non-wealthy are “scraping by,” without providing data to back these points up.

There are probably a hundred ways the video is wrong, but here are twelve:

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