Inequality for All

Robert Reich

Inequality for All

Below you will find some key topics/people to refresh your memory

Questions

What did you learn while watching Inequality for All?

  • What was your reaction?
  • What surprised you?

Describe Robert Reich

  • What kind of person is he?
  • What are his values?
  • Is being 4'10'' part of his personality?

What is a Lobbyist?

  • Money enters politics, what has is done?
  • Money enters stock market what has it done?

Define Capitalism and Socialism

Key Points

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Cycles

  • War
  • Prosperity
  • Recession
  • Strikes
  • War
  • Prosperity
  • ....

A prosperous middle class:

  • Why is a middle class important?
  • Can an economy survive without a middle class?
  • Decline of Unions

Virtuous Cycle-Strong Middle Class 50's, 60's, 70's

Vicious Cycle-No Middle Class

  • Outsourcing
  • Technology
  • Programs (Student Loans)

Lack of Income

  • Women go to Work
  • Work more hours
  • Borrow money

Rich People

  • 1% of People 99% of Wealth
  • Why rich money isn't helping Americans
  • Lack of middle class removes "buffer" for money between classes

Key People

  • Pillow Billionaire
  • Circuit City Layoff Guy
  • Costco Mom of 2
  • Presidents
  • Stock Market Workers
  • Common theme of accepting less pay to keep job.
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The Truth About the Economy