That video is loaded with a little too much extraordinarily lame, socialist rationale. Nothing would work if it worked the way those people envision it should.
Allowing people to vote to redistribute the wealth from the few who know how to earn it is not Democracy--it is Communism. It does not solve a single long-term problem, but creates many more. Unfortunately, the socialist idealists in the video seem to be oblivious to that fact.
I don't really care if the wealth is concentrated with a relatively few people. They are the people who invest in the economy and major businesses that drive the economy. I have never been given a job by someone who was not wealthy.
No one has ever thrived under Communism except its leaders.
Yeah, I strongly agree that the current system is corrupted, but allowing the people to decide through an actual Democratic process doesn't solve anything. People, by nature, are too greedy and self-centered. You will simply see more people voting like Obama-voters and will vote for things that benefit them directly. The entire process becomes more contentious and chaotic.
What we need is a movement focused on what is good for the country, not special interest groups or socialization. However, actually defining what is good for the country is an entirely different discussion that people will never agree upon.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin