john mccain goes on fox and sunny with chris wallace is good for about class warfare i've
found that interesting let's go to put number three
i hope that they'll do payroll tax cut but the first time
the first thing we need to do is extended media the tax cuts that are in existence so
people have that certainly well for the let me ask you about that because
in the democrats are talking in this is all reportedly at this point
uh... about framing it this way let's and the tax cuts for the weapons the u_n_
use that thirty five billion dollars instead to have targeted tax cuts for small business
that does most of the hiring and for lower-income employees
would you support that
well rested in the old class warfare argument to get the ratio hat
uh... just extend the tax cuts then let's talk about the uh... the payroll tax holiday
which for small businesses which is something we have fought for for a long period of time
and pay for it at the earliest amy was fine shortcut other spending
moment this extended tax cuts for the rich first
and that will worry about payroll tax for the rest of your shopping ok cojuango await
you in your class war
by that interesting because
you know i'd believe there is class warfare in the country
it's just that it's
the rich do it on you the middle-class okay
and i have the numbers to back it
so let's take a look
first i've got an interesting chart for you guys it's what the top ten percent this country
has had as a share of the national income
as you see it over years let's take a look at that
it's a fascinating graf right so their here it is
the top ten percent are doing fantastic
in the years leading up to the
great depression
and that we have a norm is crash
actually things
kind of even out and we have it the situation
where we build the great american middle-class and the top ten percent have a lower share
of the national income
and then
of course in the nineteen eighties the class warfare the rich first in the middle class
begins again
the rates are sick you millie a larger elaire larger share of the national income
and what happens in two thousand seven two thousand eight
and other giant crack
so at the top ten percent that's pretty broad however the top one percent let's look at
those numbers see that clarify situations
so after exam in nineteen fifteen had thought one percents share that's what i was eighteen
percent
as pretty high end
things were pretty rocky back then a lot of recessions and uh...
uh... ups and downs
and then in nineteen twenty eight we got the twenty four percent the heights has ever been
and what i have a nineteen twenty nine i believe
the great depression start
uh... but then afterwards hate you know what
nineteen fifty three to nineteen heat
the nineteen fifties sixties seventies the glory years of america
where we build the middle class
the top one percent they're shelling cub was only ninety eleven percent for that whole
time
about ten percent of the at national income
make sense everybody's a winner
now after nineteen eighty we go on a thirty-year stretch
where republicans and democrats who participate with them
windup
agreeing with that
bird class war for the rich have started on the middle class
and they bring that share of the national uncover the top one percent
always back up to twenty four percent
that happen actually in two thousand seven
we have another crash
and we still haven't texted and so now it's still a twenty four percent
that income inequality is not only disastrous
for all of us that are in the middle class
but it's also a bad idea for the economy overall any ultimately the bad year for the rich
because as even henry ford realized i've gotta pay my workers enough so they can buy my cards
if you don't have a middle class i could buy all the stuff you're creating
eventually they're not gonna buy it and and and they're gonna run out of money and with
the stagnant wages that we have in the country
and arrested a higher and higher percentage
that's exactly what's happened and that's the structural problem we have now for example
from nineteen eighty two two thousand five
you know what the percentage of the increases ovr nationally come with the top one percent
eighty percent of the increase
so that trickle-down stuff did not work
it trickle up actually photo-op it docstoc
eighty percent of the increase in national income went to the top one percent in that
time we are not class warfare
the middle-class you can do you think
you had war coming up on your probing alaska thirty years you just don't know about it
and people like john mccain go on television to all but type
if u ever
even increase taxes this much
brian back to when they were doing well under the clinton economy
no no no no there were issued in class warfare
absurd
you know how bad income inequality has become in the united states
but here's a list of some countries in there are many many times some countries
that have better income he equality then we'd
friends
he's all right well you know other on my cell other economies in
one germany
third enemies are fantastic there many factoring based
i mean right now because they're coming several over there but he asked is the world recession
but it it really strong manufacturing base sweden denmark spain canada australia wait
a minute
guyana nicaragua
then as well
they all have better any income equality than we do
but we used to call some of those latin american countries
banana republics the third world
because they have a few rich
everybody else's who also support
that's a ridiculous way to run it it did
eventually leads to dictatorships et cetera it's katie democratic it's not good for the
economy so good for anybody
but banana republic
to lower than that in income equality
were headed off a cliff an anytime you suggest
that hey perhaps the ritual also
pay their fair share
uh... of taxes but john mccain republicans at catwalk douglas warfare