Bernie thinks wealth and income inequality is so important, he made this video to lay out all the major points regarding the dwindling middle class, the state of the wealth and income gaps today, and lays out how we might build a more equitable economy for all.
Acknowledging Disparity of Wealth & Opportunity in America
The first step is to acknowledge that America has a problem. A structural economic inequality problem.
Does this have something to do with the 99% thing?
Absolutely. Today, the United States sees vast inequalities in both income (what we get paid) and wealth (everything we own). While some inequality is expected in any economy — and is perhaps even healthy — the U.S. today has inequalities allowing those at the top to amass (and keep) huge estates, while 22 percent of children live below the poverty line. Adults can work 40 hours a week and still not make enough to feed their families, while corporate executives in many of those same companies make much, much more.
Bernie believes this is unjust. In his own words:
“Ninety-nine percent of all new income generated today goes to the top 1 percent. The top one-tenth of 1 percent owns as much as wealth as the bottom 90 percent. Does anybody think that that is the kind of economy this country should have? Do we think it’s moral?”