The Dutch Economy is NOT the Most Unequal

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Information The Dutch Economy is NOT the Most Unequal

Title	:	The Dutch Economy is NOT the Most Unequal
Lasting	:	17.06
Date of publication	:
Views	:	523 rb

12:56 This confuses me In your video about middle class economy, you said Americans moved up & down the social ladder more often than the Dutch
Comment from : INFJ 4w5

Hello
Comment from : aksd

ok i get it
Comment from : OwHoSi

What? A WEF-sponsored neolib economics channel is wrong? I am shocked, flabbergasted, dumbfounded, you might even say surprised
Comment from : Diego

Even with just one year of macro economics, I could see another huge flaw in the EE video: IF this method of taxation does NOT reduce wealth or income inequality, there is NOTHING stopping us from getting a tax system that DOES work But EE is actually suggesting to STOP taxation altogether, or at least sow doubt about taxation in general Hee-fucking-larry yous
Comment from : GwenKillerby

You are making some great points And no, Netherlands is not only NOT the most unequal country, is one of the most equal and wealthy countries in the world The problem with Credit Suisse and the wealth per country, per capita, mean and median, I noticed it quite some time ago While the MEAN( average) wealth per capita in countries made sense, with US, Switzerland, Australia, Netherlands being some of the top countries, the MEDIAN one didn't make any sense, with Spain, Italy being higher than US( no way, a simple drive around any US neighborhoods followed by a drive through Spanish neighborhoods shows you that the median American is in NO WAY poorer than the median Spaniard), but also, things like Greece being higher than Germany, Italy being higher than Norway and with Belgium ( !!!) being the highest in the world That's my gripe here, how the hell Credit Suisse KNOWS how much is worth someone in the middle of the society, the data is so fluid, unreliable and all over the place that it doesn't make any sense I understand how you deduct the average, the MEAN, you take ALL THE WEALTH and divide it by the population, pretty easy, but the MEDIAN is all but impossible and very unreliable
Comment from : Adrian Pocea

We can however say that it is true that wealth inequality is a very big problem, in the whole world and also in rich countries and EE could’ve used this video to explain the problem of global and regional wealth inequality and say that even rich countries are often highly unequal, but no
Comment from : 2203 Valentin

Economics Explained has done a 101 course in Economics and thinks he can explain stuff based on a caricature of Neoclassic theories that he doesn’t understand I literally hate this guy, in case that wasn’t clear
Comment from : 2203 Valentin

Economics Explained has an agenda (anti- capitalism) and will say whatever sounds good to persuade people and get clicks Truly the Donald Trump of youtube economics
Comment from : Hoagie 911

The thing about a 110 mortgage (not mortgage) is that with annual inflation of 2 and paying down the principal every month the house is under water only for the first few yearsbrbrThe problems is that when you've just bought a house with a 110 mortgage and housing prices crash while you can no longer afford the mortgage (eg you lost your job) or you really need to sell your house (eg because you're divorcing) you are really trapped
Comment from : Luitzen Hietkamp

I do appreciate your "home team" defense; however, I don't believe you adequately admitted to the inequality that does exist in the Netherlands in a fair enough way Simply and politely attacking back doesn't look as good as you may have intended it too It makes you sound butt hurt
Comment from : Wes J

The main problem is that this is all relative If income inequality is low, it don't really matters if everyone needs to spend every single cent just to survive, and that is what a high wealth inequality metric would point out to Also using pensions is just cheating If a person dies they will never see that money again
Comment from : TheBrazilRules

Comment for the algorythm
Comment from : Maria

good to have misinformation and bad research correctedreally sloppy work from EE
Comment from : Bjørn Hjortshøj Andersen

Credit Suisse LMAO
Comment from : Kristen Argyle

Just recently discovered this channel I’ve been following EE for a few years and it’s great to have someone who can present alternative ideas on their topics It’s not that I want to disprove anyone’s statements, I just think it’s healthy to look at things from multiple perspectives at once 👍🏾
Comment from : Jordan Roberts

Second time I watched this, such great work
Comment from : Alex Ullrich

This isn't the end of EE at all As it appears he just went to the greatest lengths possible to justify a clickbait title Still as I watched the video originally I got the gist that the Netherlands was the most unequal country only in a VERY NARROW sense manufactured for the sake of argument
Comment from : Renato Marques

This is an awesome summary, congratulations! Interested in more of your videos now :)
Comment from : pioneer7777777

International rankings are totally messed up and sometimes intentionally malign a country
Comment from : SG

I always took the video to be more of a simplistic take on the gini coefficient and a bit of nuance around the figure than about actual inequality When you take it that way I'd say it becomes less egregious
Comment from : Carlos Jose Jimenez Bermudez

She economic seems to have a very similar problem that psychology has where it's one of those sciences that's unbelievably unimpaired Oracle but we also just can't really run empirical experiments for it so like there's not much you can do and so I don't know of anyone actually understands it
Comment from : poopy pants

Well home ownership is only for the wealty here in the Netherlands a lot of people can't get it, and so can not get the tax breaks
Comment from : Tobias de wit

I'm in love with your channel
Comment from : dn

This seems to be a theme with EE's videos Whenever he touches on the trains vs cars debate for instance, he heavily magnifies the micro-economic situation around operating trains, with the result essentially being akin to neoliberal propaganda Regardless of whether it's by accident or design, EE has a right wing bend That should be taken into account when engaging with it
Comment from : Christian Knuchel

Omg I’ve been watching a wiki parrot for all this time
Comment from : Uptown Wook

It's worth pointing out that in the original video, EE concludes that the GNI is not a good way to measure wealth inequality
Comment from : ASimpleNight

Inequality is a false cause We should keep people from poverty, not make the rich poor
Comment from : David Cooks

“Self made entrepreneurs” don’t exist
Comment from : John Connor

EE explained or cleared the income inequality and wealth inequality differences You might not watch the full video
Comment from : Mir Tasman Hossain

4:55 Turkey "tried" to tax wealth once in 1942 What they came up with targeted the Christian and Jewish minorities It can be boiled down to: "Give me all you own 50 over or go to the labour camps in the east" It was unpayable Businesses and properties were sold or transferred to others for peanuts Those who paid and those who didn't pay ended up in the same place Many didn't survive Many of those who did, didn't live for long after they had returned My grandmother's father was one of them
Comment from : OPVSNOVVM

I got that video recommended and thought, that's not true, I'm not watching thatbrNow I got this recommended, watched it and went, see? lol
Comment from : KeiraR

With all the (unintentional?) misinformation out there, I think it’s good practice to always lookup debunking videos after watching pretty much anything Can’t believe the algorithm is pushing this to me nearly two years later
Comment from : Priitreatment

The biggest and most mainstream economy channel on Youtube using Wikipedia as a source is hilarious but yet fitting
Comment from : 105 031

the point of the video was that some econometrics can be misleading im very confused by the reaction here
Comment from : Jarret C

This video is spot on and is why wealth inequality values have such poor accuracy as to be almost valueless The final point about wealth is debt; often the highly inaccurate estimates of wealth do not take into account debt This is especially an issue with stock The best way of measuring inequality is income inequality It simply comes down to the old IT adage, garbage in, garbage out
Comment from : Peter F-Model

That's why I don't subscribe to that channel There are a lot of shallow channels on youtube One should keep track of the information density of any youtube channel with a scoring system and also deduct points for incorrect/lousy analyses, propaganda, information control and disinformation laundering
Comment from : quippy

Thank you for the video! This was very informative
Comment from : Emmerson Mannin

The future here Yeah, about Credit Suisse
Comment from : GabrielHellborne

dustchman claps back so hard it was delightfull to watch
Comment from : Jimmy Mikado

EE is such low-quality rambling, on almost every topic
Comment from : Sean Hunt

tell netherland most inequality like tell bundesliga is worst league
Comment from : Klid 66

At this point EE is a capitalist propagandist
Comment from : todd clorox

Economics Explained knows nothing about economics He has shown that in several videos In one video, he showed that he does not even understand the basics of micro and macro economics
Comment from : Strateeg

Mortgages do not become a problem when house prices fall [07:41] brThey don't even become a problem when the lender's loan must be repaid, and the loan amount due is greater than the realized sale price It's never the mortgage that's the problem, it's the mortgagor's inability to pay the monthly nut Or when rates rise by force majeure, of course, but that wasn't the issue raised here
Comment from : carrstone01

Thank you! This is awesome
Comment from : Alexandria K

EE seems hellbent to justify neoliberal economics, which requires twisting reality
Comment from : Anton Fildan

The Nederlands IS SOOOOO UNEQUAL that you need to go to South África to fine white trash looking ducth people You dont see that in the Nederlands, YET…
Comment from : Jeremy Beau

economics explained got mad and called money and macro a smaller channel😂😂😂
Comment from : Goodiesfeats

A big waste of time
Comment from : GARY FF

Please make more analysis on his other rvideoos I want to hear your thoughts
Comment from : YwY 1234

After more than 10 years liberal / VVD policies the country has no social policies left Only for the multinationals
Comment from : MT86

South Africa? Madness!
Comment from : Koksal Ceylan

Now we know: Whatever EE says, the opposite is true
Comment from : Mike Tacos

Nigeria always ranked for bad behavior
Comment from : Ayo Olowoleru

I could have told you that 😒 I never took EE serious anymore after that video
Comment from : Putonghua

How believable are house values though? If the wealthy also have wealth from housing, shouldn't that even itself out, rather than become wider?
Comment from : James Hedin

i love your myth busting videos
Comment from : gwho

This channel called China "an extremely poor country" Idk what he would call India if he calls China that
Comment from : Rich Hornie

Interesing and convincing correctionbrbrHowever, I am not convinced that the netherlands show you can reduce wealth inequality with taxes
Comment from : Diogo Antunes

I get into so many arguments with people who think that wealth inequality cannot be addressed by the government I’ll point out places like the Netherlands and they’ll talk about how it’s a capitalist nation and that’s why it does so well Yes!! Capitalism works pretty well when you put the proper controls on it! It doesn’t work so well when you remove the controls and let it go crazy brbrNobody is saying that capitalism can’t raise all boats It can, and it definitely helps if the government makes sure everyone has a boat!
Comment from : TheCommonS3Nse

The real reason you don't hear about wealth inequality is because it would start a world war immediately if people saw how unfair it was
Comment from : ZO 5 E S I4 I5

EE should publish a retraction He also misunderstood the Greek crisis majorly
Comment from : Om Mani Padme Hung

danke well
Comment from : William Sands

👏👏👏
Comment from : Techie Ishu

makes me wonder how many EE's video's are correct?
Comment from : RICHARD M

This is why YouTube is a challenging place for the distribution of information, especially complex or politically charged information It allows people to REALLY build an image of legitimacy, despite being no more legitimate than the average pseudo-intellectual or dilettante Science and research are difficult, time and attention consuming enterprises, and not well disposed to this cat-video-attention-span medium This is a phenomenon is significant contributor to the modern mistrust of elites and intellectuals Thank you for all of your energy holding that silliness to account and for providing SOURCESand for doing all of this in good faith Yours is a sterling example of how this sort of discourse should be approached, especially given your acknowledgment that you could bGASP/b be wrong about something Being wrong is how we learn and discover the truth, and the terror people associate with mistakes is a cancer on society Further, the unshakable conviction that so many people on YT espouse is deeply unnerving for those with any time spent around the sciences Educated elites need not be elitIST Thank you once more for beautifully illustrating this fact
Comment from : Andrew Pfaff

How can an economist say that mature capitalism doesn't cause extreme wealth inequality? This seems so obvious, capitalism always always leads to concentrated wealth, it's the definition of capitalism, in the end, it always leads to monopoly, not competitionbrbrThe gov can offset this effect for a while, but it's inevitable as we see today
Comment from : mustang19ms

Lol economist, show all the rich economist lol…brYeah those who can’t, teach Economist are just people who couldn’t make in business or as a trader
Comment from : lupusdei 08

very good video I completely agree
Comment from : 📊 Analizando Mercados Value academia

The problem about economic youtubers is anyone with internet can be an economic youtubers Almost as easy as being a journalist
Comment from : C Kim

Two major errors right in the introduction:br"Progressive social welfare policies" are mostly about income, not wealthbr"High taxes" in the NL are also mostly targeted at income, not wealth
Comment from : ZorbaTheDutch

So why doesn't the Netherlands look like Venezuela 🤔
Comment from : LD350

Good vid
Comment from : Abe Kane

The Netherlands actually have the most rising houseprices of 2021 in europe
Comment from : Joey

That EE video is proof youtube experts can be super fallible, especially when they aren't peer reviewed within the same video What bullocks
Comment from : raptormesh

Social welfare? Where is that? Not for medical welfare, which is all private And even though you pay 30 in taxes, you still pay extra for medical insurance And anything even close to comprehensive is at least another 10 of your income
Comment from : NDTS

Google seems to be saying the same thing Maybe they just have something against tulips?
Comment from : Micheal Farmer

Groetje van Groningen!
Comment from : Chao Pan

its just depressing how much misinformation is out there Once in a while there is a good youtube channel like this one, but so many millions will watch and credulously believe anything from a clickbait video and believe in so many conspiracies, just because the person "sounds" informed In countries like the US I think the proverbial dam broke when Trump was elected But I am worried that globally, the same thing will happen in many other countries as a result I don't trust the general public to be able to tell the difference between the truth and misinformation, on climate change or covid
Comment from : yuma1

So are all their videos untrue? misguiding?
Comment from : Pooja Ahuja

EE also have a very anti China bias when it comes to Hong Kong etc I mean it's fine if he's a political commentator but an economist? brAlso The economist magazine is equally garbage and bias in China related topic
Comment from : chan hoong

This is exactly right Im "worth" almost 3 million because I inherited a house from my grandparents in SoCal I make $32 grand a year and can barely keep up with the COL Wealth isn't the same as income
Comment from : WithOneLook

The irony of EE excluding pension data when his video about Australia being wealthy concluded that the main source of said wealth was superannuation schemesas in pension wealth
Comment from : David Baird

I love it when someone with no knowledge of what he's talking about with smug ignorance get's his teeth kicked in by factsbrVery nice video! Keep setting the record straight 👍
Comment from : Leon Wolfe

Inequality is NOT a bad thing that is what should motivate each and everyone of us to wake up everyday trying to do betterbrbrUnfairness is the bad thing and unfortunately the Marxists have done a good job at conflating the two, tricking the sheeple into thinking both are bad
Comment from : G

People don’t borrow more than the house is worth, that’s crazy, you need 15 cash in Norway, and maximum 5 times total household income for loans Agree with the rest of your video
Comment from : barebare

Amazing response, keep up the good work
Comment from : Nope Nopers

At least u could put cnn and not fox or Q
Comment from : Vivek Sharma

Quite a number of videos on EE are sensationalist by nature I stopped taking it seriously even though I gained quite a few tidbits of useful knowledge there
Comment from : Ken Teo

The problem with just looking at raw data is that it disregards the impact of regionality for example a low income earner say working in food industry working and living in San Francisco will be very unequal and if the person needs to live within 30 minutes commute to work it is a very negative balance of income to expense and thus very unequal wealth due to the size and share of large income earners However a person working in food industry in say Alabama will have a much better balance of income to expense perhaps very positive Data will only show you holistic and global data and will not give you insight in to the reality of real equality Thus inequality has a very large regional impact but on a small country like Netherlands it has a massive impact as the entire country is impacted but in a large country like the USA it is only a regional impact In the USA you can also play tricks like work remote and live in a very low cost city, area, state like work for a tech company in San Francisco but live in a small rural town in Alabama and so you can make more per one year than the cost of your entire home This is not a reality possible in a small country like Netherlands and so only government programs that re-distribute wealth will prevent poverty but in a large country that is not the case as it is a regional scope in terms of equality
Comment from : DrScopeify

I think you've missed the point of the video Tax on capital gains in the Netherlands is extremely low, compared to very high tax on a normal salary of an office worker or builder or whatever So time in the market will cause the rich in the Netherlands to get richer, and the poor to stay where they are So the EE video makes a correct point The Dutch welfare state is essentially paid for by the working and middle class
Comment from : RadioNul