Home / US Primaries / Bernie Sanders / Bernie Sanders Brilliantly Explains Income Inequality Backed with Numbers [Video]

Bernie Sanders Brilliantly Explains Income Inequality Backed with Numbers [Video]

Dear Professor Savings fans,

Bernie Sanders is truly a gifted teacher and I surely like how he can explain concepts such as Income Inequality backed by numbers.

Just to about 1:15 if you want to see the JAW dropping numbers.

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NOTE: For those who can’t access video I have provided transcripts below.

Transcript

0:00

Hi this is senator Bernie Sanders. I need your help.

0:05

One of the reasons that our campaign is doing so well is that

0:08

we are discussing the real issues facing the American people,

0:13

something that most politicians and the media just don’t do.

0:17

In fact one of the great concerns I have had for many many years is that

0:21

the corporate media looks at elections as

0:25

if they were a baseball game in terms of who’s winning or losing, or

0:29

how much money your campaign is raising, or even a soap opera, you know,

0:33

what kind of dumb things somebody said yesterday that we can put all over CNN.

0:39

But in my view what this election should be about, what our democracy should be about,

0:46

is that the debate concerning the enormous problems

0:50

facing our people, and, in fact, our entire planet. And that’s what I intend to be focusing on

0:56

throughout this campaign. Now today I will be talking about the incredibly important

1:03

issue of income and wealth inequality

1:06

and I very much would appreciate your help in getting this video out to your friends

1:13

and to your family.

1:15

The economic reality for most Americans is

1:19

pretty clear: For the last four years the American middle

1:23

class has been disappearing and

1:26

more Americans are living in poverty than in any point in our nation’s history

1:32

Today, real median family income is is almost $5000 dollars less than it was in 1999.

1:41

Today, the typical male worker is making $783 less, last year than he did

1:49

42 years ago after adjusting for inflation. Your typical female worker is making $1337

1:59

less than she did in 2007. Despite the modest gains of the Affordable

2:05

Care Act, 35 million Americans continue to have

2:09

no health insurance, and even more are underinsured. And today, embarrassingly, the United States

2:16

of American has by far the highest rate ildhood poverty

2:20

of every major industrialized country on earth. And while the middle class continues to disappear

2:26

over the last 2 years, just as an example, the wealthiest 15 Americans in this country —

2:32

15 people — and that includes Bill Gates, the Koch brothers, Sheldon Adelson, and a lot of others.

2:39

These guys have seen their wealth increase by a hundred and seventy billion dollars.

2:46

That’s just an increase in what they previously had in a two year career.

2:51

To put this in perspective, the increase in wealth for the top 15

2:56

Americans is more wealth than is owned by the bottom 40%

3:00

of our people and is double what this country spends on nutrition programs

3:06

to feed over 40 million Americans Meanwhile, since 2005 the typical middle class

3:15

family has seen its wealth go down by more than 36 percent — from 130 thousand dollars in 2005

3:24

to just 81 thousand dollars today. We have witnessed an enormous transfer of

3:32

wealth from the middle class and the poor to multi-millionaires and billionaires.

3:38

Since 1985, the share of our nation’s wealth owned by the bottom 90% has plummeted from 36% to just 23%.

3:54

Now what does this mean? It means that if the bottom 90%, the vast majority of our people,

4:01

had simply maintained the share of wealth that they had 30 years ago, they would have over $10 trillion dollars

4:08

more today than they in fact do have.

4:12

Well where did that wealth go? Well, about 8 trillion dollars of it has gone

4:17

to a tiny tiny sliver of the wealthiest people in our country. Over the past 30 years

4:27

the top one-tenth of one percent — not one percent — one-tenth of one percent,

4:32

has seen its share of our nation’s wealth more than double from 10 percent to 22 percent.

4:39

The very very rich are getting incredibly richer,

4:42

the middle class is disappearing, and the poor are getting poorer.

4:48

That is the tragic reality of our economy today.

4:52

This is the Robin Hood principle in reverse. We are taking from the poor and working families

5:00

and seeing that wealth go to a handful of the richest people in this country.

5:07

That is wrong. That is unacceptable.

5:10

And that is not what the American economy is should be about.

5:14

The concentration of wealth at the very top

5:17

is more than bad economics — it is a immoral

5:21

and it is unsustainable. Instead of growing an economy

5:26

with good wages where anyone can unlock their useful potential,

5:31

we are undermining our middle class, undermining the needs of our kids,

5:36

and undermining the heart of our democracy. Now, if we are serious about reversing income

5:43

and wealth inequality, what are some of the things

5:47

that we need to do? First, we have got to make sure that

5:51

anybody in America who works 40 hours a week

5:54

is not living in poverty. And that means that over a period of

5:58

a few years we have got to increase the minimum wage

6:01

to a living wage of 15 dollars an hour. Furthermore, we need to make certain

6:07

that we have pay equity for women workers. It’s absurd that women continue to make 78

6:12

cents on the dollar compared to men.

6:15

Second of all we have to put the American people back to work, and that means

6:21

a trillion dollar job program to rebuild our crumbling infrastructure

6:26

which will result in up to 13 million decent paying jobs.

6:31

Third, we need a tax system which is fair.

6:37

And among other things, we need to put a tax

6:40

on Wall street speculation so that every American, regardless

6:45

of income, can go to college tuition-free.

6:49

Now as many of you know, seven years ago the tax payers of this country,

6:54

as a result of the greed and recklessness

6:56

and illegal behavior on Wall Street, our country, our middle class

7:01

bailed them out. Well now it is Wall Street’s

7:04

turn to make sure that they help the middle class of this country,

7:08

and that all of our people regardless of income can get to college.

7:13

In my view, a society in which so many

7:17

have so little, while so few have so much,

7:21

is not what the United States of America is supposed to be about.

7:26

If you agree please make sure to share this video and the facts in this

7:31

video with your friends and your neighbors,

7:35

but also with your Republican coworkers and the Republicans that you know.

7:41

To my mind it is a very sad state of affairs

7:45

that we have too many working-class Republicans

7:48

who continue to vote against their own best interests,

7:54

and my hope is that by engaging in a good honest straight-forward

7:58

dialogue with our Republican friends. we can win them over

8:02

so they can help us create a government that works for all the

8:08

people and not just the Koch brothers and a handful of billionaires.

8:13

So once again thank you

8:14

very much for listening and thanks for your help

8:18

getting this video out. Take care.

  

 

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