Early Morning Swim: Bernie Sanders Discusses His 8-Hour Tax Cut Speech with Keith Olbermann
From Sanders’ 8-hour speech last week.
“During the eight years of President Bush’s administration, for a number of reasons—the primary reasons being the war in Iraq, the war in Afghanistan, huge tax breaks for the wealthiest people in this country, a Medicare Part D prescription-drug program, the Wall Street bailout, among other things, all of which were not paid for—we saw an almost doubling of the national debt … It seems to me to be unconscionable—unconscionable—for my conservative friends and for everybody else in this country to be driving up this already too high national debt by giving tax breaks to millionaires and billionaires who don’t need it.
“Today, in terms of wealth as opposed to income, the top 1 percent now owns more wealth than the bottom 90 percent … The top 1 percent has seen a tripling of the percentage of income they earn. Since the 1970s, the top 1 percent owning 23 percent of all income, more than the bottom 50 percent. The top 1 percent now owns more wealth than the bottom 90 percent. That is not the foundation of a democratic society.”
Taxed Enough Already, bitchez!