one of the pieces and use that you'll find a indeed in the mainstream press
particularly in the print press right now
is that
face book
is about to do an initial public offering
now nike all initial public offering this is one eight company goes from
being privately owned
to selling stock to the public
and it is the only time
when it is if you buy the stock
the money ends up with the company if you were to go out right now in by
general electric soccer marriott stocker max i mobile stock or whatever
you know helping those the company up any
uh... penny that is going to companies going to previous stockholder
but if you buy stock during an i_p_o_ that money actually goes to the company
and so it's going to come out of that idea or that that that face book i_p_o_
is that probably about a thousand millionaires a going to be created
because they're people who are a lot of stock in the company they're gonna sell
it to the public
and and
you know take the money and run as it were
plus the kid the corporation gets a fair amount of cash
but there's a there's a larger issue here in and i find it fascinating that
you know there's all this reporting on how this would be a thousand new
millionaires in america as a result of face book
and the fact of the matter is that if you're called naked in hungary an i_p_o_
is going to help you neither of the super packs
i mean here's the simple reality
if you're cold naked and hungry
you're on a happy
right and uh... you know we can agree on that there's a there's a it's a very
simple straightforward
you're happy
and somebody gives you some clothing aware and brings you inside such in
front of a fire
and and den gives you a big bowl of uh... of uh... superb lock yourself
you've got from on happy to happy relatively speaking
it is true let's stop
ken affect the quality of your life can make you feel happier
at the bottom level
but the reality of that has been used by markers and things to cause people to
believe
or gently into a belief that therefore more
will make it happier
so you know if this amount of stuff you don't feel penal clothing morepen fluid
than thank you
go from
zero to ten and happiness
that and say that represents in a couple hundred dollars worth of stuff
then
then a couple are always more worth of stuff
in o'hare both flat screen tv that'll take your from ten to twenty unhappiness
and a couple hundred hours more you know in two thousand dollars a couple of ten
dollars out of the stuff a new car that they get them
from modern day to work
and so on and in this belief that the more stuff you get the happier you will
mean you will become
has become for progressive in our culture
and i think this you know all those who have to do peron hayward a thousand
millionaires and face because their ideal is a reflection of that
but why is it that americans seem to be assessed on this
a new millionaires are being created
when europeans don't don't care
and there's a pretty straightforward answer to that
and that is that
in order to have real security birla bass stuff that course after timeout
that that ban takes you to the first level of happiness you know to have a
real security
you actually must have a strong social safety net
and that includes
knowing
if you get sick you're gonna be taking care of no matter what
healthcare for all universal health care for all
you'd knowing that you have a real retirement waiting for you
when you reach that age or if you were injured
or any of your if you have some kind of disability or if your child is born with
a disability that you have real coverage that you can actually live throughout
your life
and that if you lose your job
and your i applied for a period of time not
dot because
you know you've decided to be a lazy bum
because
the the economy's going to helena handbasket
if you're unemployed
immaculate your home and i tell you know your family's niigata disintegrate
emerges in their break-up things are going to die
that there is a real social safety net
not just for the very poor as miranti puts the for everybody
and the european middle class
has that social safety net
and growing country in-country in other countries around the world i mean
you know i almost a year ago or six maybe nine months ago china announced it
there
there rolling out a national single-payer health care system for
their entire nation
india is talking about it now in the developing countries are working on a
other coaches so they have a we don't
we don't have that kind of security the middle class in america is profoundly
insecure forty seven percent of americans
one loss of jobs or one serious illness away from falling into the depths of
below the poverty level united states
answer this causes americans to obsess and getting red so that they can provide
for their own security
i mean how can you know
that if you get sick
beside a wipe you out well if you've got five million bucks in the bank you know
that
that'll cover most things having that we've uncovered transplant right
or how can you know that if you lose your job for protracted very well yet
millions of dollars the back
even a couple hundred thousand bucks isn't security of the united states
ten twenty thousand dollars in an i_r_a_ test that security the united states
one illness six months of being without a job it's gone
so being a multimillionaire not just a millionaire even a million dollars
probably as a knife of somebody you know any cancer can be a million dollar
treatment
even one million dollars in assets is not enough to be to feel secure to feel
safe to say
do yourself you know i think of a step out and started as a summer on a try
something
new on ur take some risks
i'm going to help deal purchase of a discount
rather than just o_y_ i have to work at this company cuz i have to pay a price
in london
terribly afraid that if i blues melted bloody but you know you its
this is
terribly dysfunctional
community should provide security
to their people
not just goods and services and well
and frankly the biggest community that we have we call the united states of
america we should be organizing our economy
to provide the real security for all
now i have a situation like we have a united states right now where you're
only really secure
if you've got a few million dollars in the bank
but instead what are we getting we're getting right to work for less laws in
indiana arizona's declaring war on working people
wisconsin and michigan and ongoing war it is the middle class florida has a
warrant poor people would drug testing
and it's time to wake up to the very real human values
that are part of a successful experience of what our founders envisioned
when they talked about
liberty
and the pursuit of happiness
you cannot have any of those three
if you don't have eight basic safety net under you and i'm not talking about the
very poor that their roddy was talking about
exclusively obviated baby that safety net also
but so does the middle class america everybody does it not means and
republican
rulers i uh...
what all the gum
monitor