Why Billionaires HATE The Working Class

Damon Cassidy July 16, 2025
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Damon Cassidy

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I’m Damon, a psychology student in Austin, Texas. This channel is devoted to the lessons I have learned from my own personal dances with anxiety, mental health, deep therapy, and personal triumph. Working in the finance industry for the past 5 years, I share my in depth understanding of personal finance, frugal living, and minimalistic habits. I hope that this channel is able to provide a sense of peace, and be a tool on your unique journey. Be the version of you that your younger self fought for. Business inquiries: [email protected] Personal email: [email protected]

Video Description

Billionaires continue to dominate the global economy, shaping industries and influencing the job market in ways that deepen income inequality. As automation and AI accelerate, mass layoffs have become a defining feature of modern work, leaving the workforce increasingly unstable and dependent on systems designed for corporate gain. Executive compensation reaches new heights while everyday workers face stagnant wages, creating a widening wealth gap that reshapes the foundations of society. The job market collapses under pressure from outsourcing, consolidation, and technological disruption, forcing millions into gig work and low-paying service jobs. The economy becomes more fragile as corporations prioritize stock buybacks and short-term profits over long-term stability, while workers lose access to secure employment, affordable housing, and upward mobility. This cycle of financial manipulation and labor exploitation drives institutional investors deeper into ownership of critical resources, leaving fewer opportunities for the working class to recover. Media narratives portray billionaire success as admirable and essential, distracting from the structural collapse of fair wages and secure employment. AI and automation are marketed as progress, yet they often erase pathways to stability, leaving many to question what future the job market will hold. As the economy continues to evolve, the same forces of wealth consolidation and systemic neglect push society toward deeper dependence on those who control capital. The working class faces not just a struggle for financial security, but for dignity in a system designed to prioritize the very few. The wealth gap widens, housing affordability plummets, and the promise of upward mobility fades as the job market collapses under corporate greed. This growing imbalance leaves the workforce vulnerable, while those at the top profit from instability, cementing their power in an economy that no longer serves the many. #financialeducation #financialfreedom #history 0:00 Intro 0:22 Why Billionaires CAN'T Wait To Outsource Humans 1:01 How Modern Society Compares To The Gilded Age 1:24 Why Billionaires Manipulate The Working Class (Must Watch) 3:01 How Billionaires Keep Leading To The Worst Labor Disputes In History 4:30 How Billionaires Convinced Americans To DEFEND Child Labor 5:35 How The Richest Man On Earth Created The “Complaint” Workforce (Unreal) 7:27 What Happened When America Valued The Working Class 8:24 Yes, Billionaires Used To Pay Double The Taxes They Pay Now 9:19 How Billionaires Dismantled Labor Unions 9:58 Why America Worships Billionaires 11:12 Yes, Billionaires Literally Own Our Media 11:34 Why Companies Are Doing Historic Stock Buybacks Alongside Layoffs 12:00 How Jeff Bezos Paid NO Taxes Despite Being A Billionaire 12:40 Why Billionaires Will Own All Of Our Homes 13:33 Why AI Will Lead To Historic Layoffs 14:23 Why We Defend Billionaire Economics 15:42 Why The Working Class Is So Divided 17:27 Why I Don’t Believe You Can Be A Billionaire While Keeping Your Morals 19:46 Why No One Cares Anymore Titles for the Algo! Why Billionaires DESPISE The Working Class Why Billionaires HATE Their Employees Why Billionaires Hate Their Workers Why America LOVES Billionaires Why America WORSHIPS Billionaires

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