Nov. 10, 2021

Mind the Gap: Wealth in the US

Mind the Gap: Wealth in the US

Content Warnings: Adult Language
Kevin and Jaime discuss far a trillion dollars can stretch, billionaire midlife crisis mobiles, and how millionaires in the US are actually the “poor people” in this episode. Your ever curious co-hosts also dive into the idea that money actually can buy happiness and taxes on excess income can help build a stronger society.


Content Warnings: Adult Language

During this episode we discuss: 

Kevin and Jaime discuss how far a trillion dollars can stretch, billionaire midlife crisis mobiles, and how millionaires in the US are actually the “poor people” in this episode. Your ever curious co-hosts also dive into the idea that money actually can buy happiness and taxes on excess income can help build a stronger society.

Their expertise in regards to finance and wealth gaps? Insufficient funds.

Their qualifications to discuss the topic? Random life experience and caffeination during recording sessions.

Basically, anything they discuss? Don’t take their word for it - but they hope you enjoy the show!

Reference Links:

Coffee and common ground this week 

In Jaime’s Cup: Mount Hagen Instant Coffee - in a maple sugar iced coffee 

In Kevin’s Cup: Stok Pumpkin Creamed Cold Brew 

Merriam-Webster: https://www.merriam-webster.com/ 

Sources:

Viral TikTok claims having $2m means you are 'relatively' poor

Do you know how big a trillion dollars is

National Debt Clock

Americans' Views on U.S. Economic Inequality | Pew Research Center

6 facts about economic inequality in the U.S. | Pew Research Center

Income Inequality (census.gov)

Income Inequality - Inequality.org

47 US Income Inequality Statistics

The Fed - Distribution: Distribution of Household Wealth

Wealth Inequality By Country 2021 (worldpopulationreview.com)

David Grinspoon on Twitter: "If you really want a Star Trek future, it’s not just going to space in cool machines. It’s building a society w respect for all life, sentient & otherwise, applying science wisely, & pursuing principles of justice, fairness & reason. Let’s build that and ride it to the stars." / Twitter   

Dick's Drive-In to Increase Starting Wage 

This is how much In-n-Out Employees Really Make

Living Wage Data | mit.edu  

Quotables:

“I have outrage, but that’s fruitless outrage.”

“What better way to have a midlife crisis?”

“The more money you make, the sooner you can go to space!”

Show us your common sense:

We would love to hear from you! You can let us know your thoughts on the wealth gap, the rise of the billionaires, and/or what your favorite coffee is at our website: cgcspodcast.com. While you’re there, you can find more podcasts, such as our episode on the generation gap!