Why Billionaires Are Actually Ruining the Economy | WIRED

60% of Americans polled think billionaires like Elon Musk are good for the economy, but the economic data reveals something very different. "These people become a black hole for the economy," says economist Gary Stevenson.

WIRED spoke with Gary as well as Princeton economist Atif Mian to debunk some commonly held beliefs about this nation's ultra rich.

Director: Lisandro Perez-Rey
Director of Photography: Cole Evelev
Editor: Chris Davies
Experts: Atif Mian and Gary Stevenson

Line Producer: Joseph Buscemi
Associate Producer: Samantha Vélez
Production Manager: Eric Martinez
Production Coordinator: Fernando Davila

Post Production Supervisor: Alexa Deutsch
Post Production Coordinator: Ian Bryant
Supervising Editor: Doug Larsen
Assistant Editor: Justin Symonds

Still haven’t subscribed to WIRED on YouTube? ►► http://wrd.cm/15fP7B7
Listen to the Get WIRED podcast ►► https://link.chtbl.com/wired-ytc-desc
Want more WIRED? Get the magazine ►► https://subscribe.wired.com/subscribe/splits/wired/WIR_YouTube?source=EDT_WIR_YouTube_0_Video_Description_ZZ

Follow WIRED:

Instagram ►►https://instagram.com/wired
Twitter ►►http://www.twitter.com/wired
Facebook ►►https://www.facebook.com/wired

Get more incredible stories on science and tech with our daily newsletter: https://wrd.cm/DailyYT

Also, check out the free WIRED channel on Roku, Apple TV, Amazon Fire TV, and Android TV.

ABOUT WIRED
WIRED is where tomorrow is realized. Through thought-provoking stories and videos, WIRED explores the future of business, innovation, and culture.