Bill O'Reilly intros Charles krauthammer are going to talk about income
inequality
on Fox News Now this ought to be a stage there was a World Bank report they came
out saying how bad it is
and how it actually hurts overall economy listen to Bill O'Reilly try to
deflect away from
alright Note II this World Bank study I gave it to you in a report was that you
could make me an
anything out of it I was gibberish to me godly good to me
but the overarching is that no longer is the United States a country where
we can all pursue happiness on an equal basis
that's what Obama is trying to get across the president trying to cross the
Democratic Party is selling at all day long
Hollywood selling it yeah it at our backs are gobbling up to me I mean ties
go in times go out nobody can explain it right i mean
up back so we don't need a mere boxes hey what are you present your audience
that maybe they can figure it out
if you too stupid to figure it out power I did you know either sell their cells
may like america route
no it's not that we don't love america is that we're have an issue with
something is going on what's great about america is that
weenie there is an issue we can work toward fixing it you knucklehead
now let me begin to show you the issue here I
here's an interesting chart it shows a how much the top one percent in the
different countries
have are had their share
income go up and hence income inequality get hired
you see the one that's nearly of the chart yeah that's the US
so we've had the greatest income inequality the top one percent take
the most the highest percentage of bunny and
the other access on the chart is a really interesting one it's how much
taxes have decreased
since 1969 increased you know how but as always but all the taxes though that no
deemed in this country they decrease over forty percent
for the top one percent so income inequality
is not accident you decrease tax on the rich
and then you increase things like the sales tax which
FX everybody the middle class the poor et cetera and then
wall up income redistribution because the top because the top one percent
and we have any in equal country because we did it on purpose
our legislators got bought by the rich and now they serve the rich
that so that chart shows you that's why we're of the chart inequality
now the American people understand that yes when you
say when he has a new car government policies favor
no these different brackets 64 percent say the wealthy it would favor wealthy
Americans
only 26 percent say they favor the less well-off so we get it if
all rallies to stupid under said at least American people do
57 percent say the government should pursue policies they try to reduce the
gap between the wealthy in the less well-off Americans
but the of course Fox News is not agree
with the american people right and a file on raising the minimum wage
no it's a 725 now which is a crime I'll tell you more about them second but
two-thirds of Americans 66 percent favorite
so no bill you're not on the side of americans we're on the side of Americans
and we realize in a quality we live in the inequality
and we know that there's something that can be done about it even though you
tell us
well that's just a fact of life knows a packed up government decisions made
because they represent the rich and the powerful so now they're gonna go to
their brain trust Charles Krauthammer supposed to be the
intellectual at Fox News how that's damning with faint praise
let's see what he s top is a true programming if you look at the numbers
and you compare the upper fair to the upper tends to the lower fifth through
10th
things are much worse today in terms a really quality
than they were thirty years ago fifty years ago hundred years ago I think
that's undoubtedly true the question is what are the causes
and he is a because a policy education
and ensure to being inculcated in that culture education
i think is them the most highly prized attribute I think the way that the
democratic party
the teachers union you've had a stranglehold on the system
has really reduced as tunes like good
those in the inner cities to a life
real are lacking to Hannah up
so the first part is a loud can I do in fact a fag CSR
inequalities massively on the rise but I've got a genius idea let's play with a
public school teachers
Yap yeah that's what they did not there are over 40 percent
decrease in taxes for the richest Americans know that didn't have anything
to do with
not the deregulation of the bank's that allowed to take a
allow them to take more more above taxpayer money
and and risk getting gamble in it they crashed get bailed out by more taxpayer
money
but I didn't have anything to it was a god damn teachers that yeah it was their
fault
alright well a give me more this genius
I don't disagree with that as a former high school teacher and a person who was
raised in a working-class neighborhood
I saw my whole life those who embraced education
eggs and usually prospered it is absolutely true
that they main component I love an American child's education
his parents and the government cannot legislate responsible parent paying
and you know and I know that we have seen a diminishment in some cases the
disintegration
are the traditional family that is the prime driver
of kids failing in school but it's the disintegration of the home
that is driving the underclass and the government can't do anything about that
charge
I think there is no question about that I think it's disgraceful
an aide is the well of the limousine liberals who's cute schedule and the
wonderful private schools
who denied the vouchers to poor kids who would have a chance out of the ghetto
and they claim it's a name of saving the public schools
but they don't save the publishers if we just privatize education letter
fat cat but he's making a more money off without all the all the problems would
be solved but as the god damn public schools
that's what the problem is if we'd only allow Belcher's everything would be
solved
in a traditional family yet that that's that's the answer well go there more
single mothers now yes
is that an issue yes but it if you notice in the mail there or Alisa well
you said see there's nothing the government can do about that
cuz in this case he doesn't want to blame the government does he knows the
government is his friend as a rich person
the government help some tremendously games lower his taxes
over and over again with lowers attacks on the corporations that he works for
you give them everything that he wants and it maintains assess the now you
wanna know how the government could
actually help well one thing that you do is raise the minimum wage now let me
give you some details about the new No
over one in ten americans right now who work full-time
are still poor okay now they're working full time the Dow bombs right
but they're not making enough money why cuz a minimum wages low 14
private-sector jobs in the US now pays
less than ten dollars an hour one in five percent of the jobs pay less than
ten dollars an hour
how the hell are you supposed to get by on that do you know that if you increase
the minimum wage to $10 dollars
and 10 sense is they want to do that you would actually push more than happy the
nation's
$10 million-plus working poor out of poverty
and the twenty seven point eight million workers will see their wages go up
so you would reduce the working poor in her
the all you did forget all the other things forget regulating the banks in
et cetera et cetera all other things the government can you forget taxes
if the only thing they did was just increase the way minimum wage so
halfway decent standard you get rhythm happen the working poor in the country
you bring them up into a different bracket they be able to actually sustain
their families
and then something interesting happens in a new report by the economic policy
institute indicates
that would actually also eg create $36 billion dollars
in additional wages which would then grow the economy
by twenty two billion dollars is are all fairly conservative numbers actually
I've seen much bigger numbers than this the economy growth would then result
in 85,000 new jobs
so when you increase the minimum wage and again it's a very simple thing the
government do the bare minimum
the government can do well then you would create more wealth than the
economy
the people who get that by nature have to spend they can save a lot a bit
they're not in a position to say because they're either poor or middle-class
that circus back in the economy L X X
expanding the minimum wage raising doesn't cost the jobs it actually
creates jobs
is their number at which the minimum wage could cost jobs yes are we anywhere
near that number
hell no not even close right now we would add jobs
do you know that have product effetti kept
the ways I should say the minimum wage kept up with product every
but thats our product to the american product giving
it's been sky-high it's got up all these you do your work or no we flat lock
right
in terms of our wages but if our minimum wage had kept up with the american
productivity of the american worker you know what I would be today
eighteen dollars and thirty cents an hour now i've seen numbers as high as
twenty one dollars and seventy cents
that's why I'm saying this report is action the conservative side
you should be making eighteen dollars and thirty cents given your product to
be
and the rate of growth the minimum wage should have had over all these decades
but the government wouldn't raise in because they listen the conservatives
who say all known
no no it's all the fault of the poor in and the middle class the you gotta give
more breaks for the rich you got cut taxes more
you gotta look it make sure the minimum wage doesn't increase
that's what's causing income inequality and that's what boxes doesn't want to
tell you
in fact they're desperate to cover it up by calling it
gobbledygook I'm pretty sure I know what gobbledygook yes
and it's on Fox News 24 /7