The main problem (inferred from text, not the video) is -> "Bob now adds $150,000 worth of productivity and therefore earns approximately $150,000" - No, Bob st

The main problem (inferred from text, not the video) is -> "Bob now adds $150,000 worth of productivity and therefore earns approximately $150,000" - No, Bob still earns $50,000 as before. All the gains from productivity goes to Eric the CEO and member of 1/10th of the 1%. By the way, Eric and his peers also successfully lobbied to decrease the tax top 1/10th of the 1%, so he effectively pays a tax of $0.