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The top 0.1% (134,600 US households) control $22 trillion (14%) of U.S. household wealth. In this episode I explain what an asset actually is, the main asset types, and the simple ways assets pay owners (rent, interest, profits/dividends, royalties). You will see why wages lose to ownership in today’s economy, and how the economic system is purposely designed to generate exponential wealth for the rich while the poor get poorer. This is episode 1 of our new Wealth Operating System series where I explain how the world works through money and economics. The key thesis in this series is how and why wealth inequality is humanity's greatest evil. Chapters: 00:00: Wealth Operating System and Channel Updates 03:22: What is an Asset? 05:05: 4 Types of Assets 08:01: How Assets Pay the Ultra Wealthy Elite 10:45: Wages vs Ownership 12:55: Economic Loop of Inequality 15:02: 3 Common Myths of Assets Join memberships for personal content: / @thekarlakim Tags: #wealthinequality #economics #money #financialeducation #politics Keywords: Wealth inequality, rich vs poor, class system, resource distribution, elite class, middle class, economic system, entrepreneurship, asset management, financial literacy, how the world works, money and macro, class warfare.