A Quote by Keith Ellison
We have a chance for racial solidarity because all of us, unless you`re in the top 1 percent, are really struggling in this economy.
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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
What democratic socialism is about is saying that it is immoral and wrong that the top one-tenth of 1 percent in this country own almost 90 percent - almost - own almost as much wealth as the bottom 90 percent. That it is wrong, today, in a rigged economy, that 57 percent of all new income is going to the top 1 percent. That when you look around the world, you see every other major country providing health care to all people as a right, except the United States.
People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand goes down. Unless you intervene, you're going to have a weak economy unless something else happens.
The fact is, is that Americans don't hate their Muslim neighbors. They don't hate their Latino neighbors. We have got to build human solidarity in this country, because human solidarity is what's going to allow us to come together to protect our democracy and to protect our economy. So reject the hate. Turn it away. Don't buy it. And reach out to a neighbor. Trump is trying to sow division so that he can distract us from what he's doing to us.
If I give you a forty five percent chance at lethal injection, a fifty percent chance at the electric chair, and a five percent chance for escape which are you going to vote for? The electric chair, because youre likely to win?
Anything is possible. You can be told that you have a 90-percent chance or a 50-percent chance or a 1-percent chance, but you have to believe, and you have to fight.
If you're really concerned about deficits, you cannot take seriously a budget that would give $30 billion a year worth of tax cuts to not just the top 1 percent but the top 0.1 percent.
I really don't care about what anyone says unless they are also gender-nonconforming. Then I really listen. I love the solidarity felt between us gender failures.
Our top plank really is a Green New Deal to transform our economy to a green economy, 100 percent wind, water and sun by the year 2030 - we can do it; this is an emergency, and we must do it - but to use that as an opportunity to put America back to work, to renew our infrastructure, and to basically assure that everyone has a job.
This is what oligarchy looks like: Today, the top one-tenth of 1 percent owns almost as much wealth as the bottom 90 percent. The top one-hundredth of 1 percent makes more than 40 percent of all campaign contributions. The billionaire class owns the political system and reaps the benefits from it.
Today, our economy is divided: fifty percent is the public economy and fifty percent is the private economy that includes small companies employing from 4 to 200 workers.
This is a very important issue that the corporate media chooses not to talk about a whole lot, that we have an economic system which is rigged, which means that at the same time as the middle class of this country is disappearing, almost all of the new income and wealth in America is going to the top 1 percent. You have the top one-tenth of 1 percent owning almost as much wealth as the bottom 90 percent - 58 percent of all new income is going to the top 1 percent.
By 2015, the top 1 percent of families took home more than 20 percent of income. Wealth distribution was 10 times worse than that: the families in the top 1 percent owned as much as the families in the bottom 90 percent.
Anyone who has followed the U.S. economy in recent years can tell you while corporate America and their wealthy executives have recovered from the last recession, middle-class families have not. About 95 percent of income gains between 2009 and 2012 went to the top one percent.
For the three decades after WWII, incomes grew at about 3 percent a year for people up and down the income ladder, but since then most income growth has occurred among the top quintile. And among that group, most of the income growth has occurred among the top 5 percent. The pattern repeats itself all the way up. Most of the growth among the top 5 percent has been among the top 1 percent, and most of the growth among that group has been among the top one-tenth of one percent.
The second reason why we haven't observed the growing gap is that our historical and social science analyses have concentrated on what has been happening within the 'middle classes' - that is, to that ten to fifteen percent of the population of the world-economy who consumed more surplus than they themselves produced. Within this sector there really has been a relatively dramatic flattening of the curve between the very top (less than one percent of the total population) and the truly 'middle' segments, or cadres (the rest of the ten to fifteen percent).
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