Bernie Sanders Quotes About Wealth
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In my view, there is no justice when the 15 wealthiest people in this country in the last two years, saw their wealth increase by $170 billion. That is more wealth acquired in a two year period than is owned by the bottom 130 million Americans.
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Today, the United States is No. 1 in corporate profits, No. 1 in CEO salaries, No. 1 in childhood poverty and No. 1 in income and wealth inequality in the industrialized world.
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What the Supreme Court did in Citizens United is to say to these same billionaires and the corporations they control: 'You own and control the economy, you own Wall Street, you own the coal companies, you own the oil companies. Now, for a very small percentage of your wealth, we're going to give you the opportunity to own the United States Government.' This is the essence of what Citizens United is all about - and that's why it must be overturned.
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We are living at a time where a handful of people have wealth beyond comprehension - huge yachts, jet planes, tens of billions of dollars, more money than they could spend in a thousand lifetimes. But at the same time, millions of people are struggling to feed their families or put a roof over their heads or find the money to go to a doctor.
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It would, I think, be hard for anyone to make the case that the United States is a just society or anything close to a just society. In America today, there is massive injustice in terms of income and wealth inequality. Injustice is rampant.
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Between 2013 and 2015, the wealthiest 14 people saw their wealth increase by $157 billion. This is their wealth increase, got it? Not what they are worth. Increase. That $157 billion is more wealth than is owned by the bottom 40 percent of the American people. One family, the Walton family, owns more wealth than the bottom 40 percent.
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People understand that the economy is rigged. They're working longer hours for low wages. All new income and wealth, almost all, is going to the people on top.
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Here's what income and wealth inequality is about. Last year, the top 25 hedge fund managers made more than 24 billion, enough to pay the salaries of 425,000 public school teachers. This level of inequality is neither moral or sustainable
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The decision is I'm going to do everything I can to fight for the working class of this country, the low-income people against income and wealth inequality, do everything we can about climate change.
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We live in a country where a small number of people have incredible wealth and power. America has more income and wealth inequality than any other major country.
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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.
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During the last two years the wealthiest 14 Americans saw their wealth increase by $157 billion. This is truly unbelievable. This $157 billion INCREASE in wealth among 14 individuals is more wealth that is owned, collectively, by 130 million Americans. This country does not survive morally, economically or politically when so few have so much, and so many have so little.
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Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.
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Things are getting worse. You know, when you look at this campaign, and you realize the enormously serious issues this country faces, right, we got a collapsing middle class. We have more wealth and income inequality today than we've had since the 1920s. We have all of these enormous issues.
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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.
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Let us wage a moral and political war against the gross wealth and income inequality... ...let us understand that when we stand together, we will always win.
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In the United States today we have the most unequal wealth and income distribution of any major country on earth - worse than at any time since the 1920s. This is an economy that must be changed in fundamental ways.
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I think the media and the candidates have got to talk about why the middle class is in decline and why we have massive levels of income and wealth inequality.
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They talk about class warfare -- the fact of the matter is there has been class warfare for the last thirty years. It's a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?
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There is far too little discussion in Washington about the collapse of the middle class , almost no discussion at all about the incredible income inequality and wealth inequality in this country, and the fact that we're moving toward an oligarch form of society.
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Today, the top one-tenth of 1% owns nearly as much wealth as the bottom 90%. The economic game is rigged, and this level of inequality is unsustainable. We need an economy that works for all, not just the powerful.
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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.
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Income and wealth inequality have reached obscene levels, the threat of climate change is more frightening than ever, and the billionaire class is now allowed to spend unlimited amounts of money to buy the candidate they want. And it is up to us to stand up and fight back. If we stand together, there is no limit to what we can accomplish.
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It's immoral and wrong that the top 1 percent of the USA owns almost as much wealth as the bottom 90 percent. We should look at countries like Denmark and Sweden and Norway and look at what they've accomplished for their working people.
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In a world of massive wealth and income inequality, Europe must support Greece’s efforts to build an economy which creates more jobs and income, not more unemployment and suffering.
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The reality is that we have one of lowest voter turnouts of any major country on earth because so many people have given up on the political process. The reality is that there has been trillions of dollars of wealth going from the middle class in the last 30 years to the top 1/10th of 1 percent.
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No. It is not acceptable that the 6 largest financial institutions in this country have assets of almost 10 trillion dollars, and issue half of the mortgages and two-thirds of the credit cards. That is too much wealth and power in the hands of a few. If Teddy Roosevelt were alive today he'd tell us to 'break them up.' And he'd be right. These huge banks must be broken up.
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You've got the top 400 Americans owning more wealth than the bottom 150 million Americans. Most folks do not think that is right.
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What are the moral implications? What do these people do when they have tremendous amounts of money? They use that money to perpetuate their own wealth and their own power. Every day, Congress works on behalf of big-money interests.
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I think everybody is in agreement that America is a great entrepreneurial nation. We have got to encourage that. Of course, we have to support small and medium-sized businesses. But you can have all of the growth that you want and it doesn't mean anything if all of the new income and wealth is going to the top 1 percent.
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