Daniel Markovits explains how meritocracy causes inequality in our society and is bad for both the middle class and the rich. Yale Professor Daniel Markovits and Jason Hartman discuss how meritocracy has led to a larger wealth gap between the middle class and the rich and what can be done to change the system. 0:00 Introducing Daniel Markovits 5:46 Marriage has become a rich and well-educated persons practice 6:48 Rich spend much more on education. Consumption inequality has grown fastest in education 8:29 Assortive mating: rich and educated people marry each other 9:04 Neighborhood sorting index: The odds the rich have rich neighbors have gone way up 11:47 Today a cardiologist makes 10 times more than a nurse 12:13 Entire commercial and cultural ecosystems cater to the rich: Taco Bell and The French Laundry have no ingredients in common 15:38 Rich are training their kids to beat the SAT to get into elite colleges 16:26 Is college a rip-off? 20:34 Meritocracy has become the new aristocracy 24:07 We need a political movement to change the system 25:28 Social Security tax disincentivizes the hiring of middle-class workers Learn More: https://www.jasonhartman.com/ Listen to the podcast: https://www.jasonhartman.com/podcast/ Have questions or topics you want me to do a video on? Let us know in the comments below. If you love real estate investing, SUBSCRIBE! #meritocracy #meritocracytrap ... https://www.youtube.com/watch?v=GehKOybsFgo

Jason Hartman, accompanied by a local market specialist and client at Gulf Shores, Alabama, discusses the promising short-term rental market. They highlight Gulf Shores' affordability, limited construction space, and soaring demand, driven by its acclaimed beaches and supportive city regulations. They delve into property specifics, such as "gold fortified" construction for hurricane resilience, ample parking, and storage. They emphasize maximizing occupancy through versatile bedroom configurations and amenities like outdoor showers. With an 80% annual occupancy rate and potential for robust cash flow, Gulf Shores presents an attractive investment opportunity, particularly compared to neighboring Orange Beach's more competitive condo market. Go to https://www.jasonhartman.com/properties/ today! #airbnb #airbnbfinds #housingmarketcrash #homeprices #housingmarket #GulfShores #ShortTermRentals #RealEstateInvesting #BeachLife #PropertyInvestment #TourismMarket #VacationRentals #AlabamaRealEstate #InvestmentOpportunity #PropertyManagement #HurricaneResilience #LocalMarketInsights #JasonHartman #ClientTestimonials Key Takeaways: 0:00 Investing in Short Term Rentals in Alabama 2:30 Peak and non-peak seasons 4:46 Short-term rentals vs. Mid-term rentals 5:25 Know the Months 8:15 Property details 13:55 Client feedback 14:49 Management fee 16:01 A better investment ___________________________________________________ Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com ... https://www.youtube.com/watch?v=KU5xOSLrx80