held by us it has a had good article in the washington post where he's quoting
the work of economists and manual states who we have alluded to in the past but
he gave good context to it and at me talk about how much the top one percent
are getting i can even in the economic recovery
of the top one percent of the most the money we put that before but here is
some interesting context to it
so in the early nineteen nineties
the top one percent
captured forty five percent of the income growth
when are condoms improving remember we had a little bit of a recession
will come out of the recession now you know what the top one percent of
forty-five siding is now that seems jagged peak
proportion but at least ninety nine percent of us were getting a little over
half
well the next time we had a a a bust was the dot-com bust
and that early to thousands
but when we headed economic recovery from their who benefit
well the top one percent wind up getting sixty five percent
of the income growth
when we read them
while got to be seen everything we larger jeez that's nearly two-thirds
obviously
well what happened
after this recession
when we saw the rebound in twenty ten
how much the top one percent ghetto back growth
nine the
three
the system has gotten so much worse over time
that the top one percent are getting almost
all of that rejects
any benefit of the economic ah... economy recovering
is going straight to the richest people in the country
it's because we have no anything to fix this pro-growth system for thirty years
republicans in the service have been breaking the system many
they're reading the rules in favor of certain corporations
so that those corporations can crush small businesses can price or
competition
get all the tax loopholes
so they don't even have to pay taxes so that they did
subsidies like the world companies et-cetera
ringing the rules of the uh... unfair competition but it is not a free market
and then the lowering taxes for the rich in the corporations so they had even
more breaks and more breaks
and what is the result of that lobbyists lee
the money is flowing to the top it is not trickling down to the rest of us
that is a lot
and unfortunately we have not changed anything in that system
so the next time there's a
interactive an economic crash
once again we will suffer
and if we ever recover again
the very rich is people
will get even care percentage of that recovery we have to pick some underlying
problems
which is this gross
inequality that we have
we don't have free competition
our politicians are bought by the corporations
and by the rich
now do you get a sense of how much the middle class is getting crotch
back in nineteen sixty eight
twenty eight percent of workers in this country foreign unions
at that time fifty three percent of the income in the country went to the middle
class
look again it could be higher but hey that's not bad at least for hanging in
there
well now in twenty ten
unions are way down there in eleven point nine percent so almost half of
what they used to be
way less than half the than they used to be as a way out in the middle class
it's down to only forty six and a half percent of their income in the country
means that
it's there's many different at
you know facts that go into that between nineteen sixty eight twenty ten
including though
you know the loopholes that are put in including the lower taxes on the rich
including all the way is there a good game
but one of the factors is that
their unions that was supposed to watch out for the middle class and that rich
guy in the blue collar worker
well when they got whittled down nobody looked out for you
and and i'm not a huge different of the unions
no matter what the circumstance or mel
but as you can see it pot when you look at the overall picture
while they help the middle class in the past and now without them the middle
class is suffering
because of that and other factors
now of course with the republicans tell you is no no no
known lower taxes is in to help the red
the lower taxes that help you
because if we lower tax on the rich
well then we create more jobs the economy gets better
here's one of many problems with them
under clinton we raised taxes
and what happened in his eight years
we created over twenty three million jobs
under george bush we dramatically cut taxes on the review
and what happened
we only created three million jobs and by the way
by the way a lot of which work immediately lost in the recession that
he create
so in the first year all bomb a lot of those jobs lost anyway
because he had created this
catastrophic recession but even if you given the benefit of doubt and say three
million
bill clinton who raised taxes
literally created twenty million more jobs
then george bush will lower taxes
if you get out
all of the benefit of the doubt
at the very least
the whole idea of cutting taxes with the create more jobs
the bakery one child
code no
they created twenty million
was stopped
cutting taxes for the rich isn't for the benefit of the rest of us
it's for the benefit
of the rich
which is the most obvious thing on the world
everybody in washington
has been treating this school aid on purpose and getting you to treated
because they get paid by the rich
those politicians are bought then corrupt
so they just come in the courtroom proctor got all u
on tax cuts for the rich is really good at all to europe in
as for course
ninety three percent of benefit goes to the top one percent
it's been a line
all along