and akio again i just i just want to go through
very quickly at the top of one percent this is
this is the consequence
of supply-side economics the consequence of reaganomics
the whole reaganomics shit dick was all well you know reagan quoted john kennedy
saying you know a rising tide lifts all boats with all
but tonight that nice aphorism
but assumes all boats are in the tide
write one of the budget about sr onshore there and there are a real water to be a
they are forty million americans who are you know
living on the absolute margins
the top one percent of americans own forty percent of everything that is
privately owned a bull in this country
all-american wealth america's the richest nation on earth and one percent
of us
almost half of that
forty percent
meanwhile a bottom eighty percent of aus bottom four-fifths of us
if they got a foreperson all americans in mostar ways happen
the wealth of america right
forty percent
but hey it's eighty percent of us we must own thirty percent of the wealth
and now
well good to be a bit
bottom eighty percent that means that
you know at the top of bottom eighty percent that's over a hundred thousand
always hear that
you've game that day there's gotta be you know
twenty five percent they are correspond on our twenty without did fifteen l
ten percent
seven percent
the bottom eighty percent of all americans on seven percent of the wealth
in this country
this is really
simple
the wealthiest four hundred people in america now and more wealth
than half of american and fifty percent of murder four hundred individuals
as a result of thirty two years reaganomics
the wages of workers have been not only not gone up since reagan came into
office and actually gone down
household income has remained flat
but now households typically have one but you know almost two workers in them
and in nineteen eighty it was just a slightly over one
so individual ways of actually going down
a hundred and twenty percent of the games since since bush came into office
have gone to the top one percent which means the bottom ninety nine percent
people making under three hundred thousand dollars a year
all way down to making five thousand dollars here they've actually gone
backwards
and here's the shocker
says the bush crash of two thousand seven
build median wealth
for middle-class families
has dropped forty percent
now muddy admitted limos this wasn't housing but for my mother was in the
stock market and for one case i_r_a_'s nm wada and and now with lawsuits
income people having to convert their there there seems no
a loss of forty percent sequel have eighteen years of savings for the middle
class has been wiped out
by that bud bad behavior of the bank stirs thanks to republican phil gramm
and thirty two years reaganomics
meanwhile corporations are just in fat city
corporate profits are at a higher point than they've been in sixteen years
and the amount of taxes they're actually paid by corporations is lower than spend
forty years
forget about their top tax rate we got about tax rate of thirty five percent
elitism
twenty six major corporations in twenty-six uh... the hundred most
profitable corporations in america leisa piazza lean nothing in their taxes
many of them got money back
in some cases it was banks it out monies back
way back because they got hit with fines for being criminals
and they were able to write off as a bed a cost of doing business paying those
fines to the government
and you still got screwed
i mean just consider how bizarre this is
this is reaganomics