00:00Every extra widget you produce today legally belongs to a wealthy shareholder you have never met.
00:05Modern technology allows you to do the work of three people for a single stagnant salary.
00:11The surplus value you create is no longer paid out to you as a performance bonus.
00:16Instead, federal accounting rules allow companies to reclassify that extra output directly as valuable corporate capital.
00:23They use your increased efficiency to fund massive stock buybacks that inflate their own personal equity.
00:30While your hourly rate remains flat, the underlying equity value grows exponentially every single year.
00:37Capital gains are taxed at a significantly lower rate than the actual income you earn working.
00:43This legal distinction ensures that owners keep much more money than the people who actually work.
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