answer that if we just have all the bandages that tax cuts the ritual

trickle down the rest of us

and make the rest of us more wealth is well let me show you how

didn't work

here's the first chart that shows you product really go sky high from nineteen

forty seven

although a three two thousand eight

fantastic but we didn't get all the fruits of our labor there

why around nineteen eighty

adventure or a conversation that we shall we wait

stagnated flat line

that men should have gone to the people you or productive

but he didn't

it went to the top one percent

because the rules

were set in their favor

and not to help us

or wages stagnate

maybe another chart

profits brought g_d_p_ goes up

but does that mean the rest of us

are getting

the help of that g_a_t_t_

and that product in the inteligweb our wages stagnate and even falling

so

the fact of the g_d_p_ might be going up doesn't mean we're getting a beverage

guys actually getting paid less

that we were before

in fact income inequality has gotten so bad in this country

that now

to pressure you know that he wrote for the world

missing in the u_s_ is in purple

and income inequality in the u_s_

is worse than most of the world

the countries that are red art less equal than we are

that some parts of latin america

southern africa some small

nations

in issue but the whole rest of the world has better income equality

what does that mean

that's equality of opportunity that's supposed to be the american dream and

the rest of the world list beating us out of life is in our system we believe

in this nonsense trickle-down economics now let me show you how that works right

it's supposed to be that hey you give all of the rich editor goes out on you

in the east

middle class lol brackets are also so that

brawl because of that

but instead of what happened we gave to the rich

even if you take them at their word that these were a little bit which i just

showed he they didn't

the rich dot much richer

and that was appointed trickle-down economics

the rest of it was all the track

and even warren buffet the top investor in the world says hey listen those tax

cuts

don't mean that we create more jobs

now that's nonsense

if there is a good investment we're gonna make it any way in fact

let me quote worn by before uses

i work with investors for sixty years

and i get the c_ anyone shy away from a sensible invested because of the tax

rate by the potential day

people invest to make money and potential taxes have never scare them

off

they've been lying near the whole time all give the rich more tax cuts and

they'll create more jobs

they havent

it doesn't work that way the top investor in the world tells you that

in fact we know look at the numbers

when we increase taxes under bill clinton

we wound up getting twenty three million jobs there are other factors but yes he

also invested in the middle class invested in education opportunity

twenty three million jobs in the bush years

we cut taxes on the rich

we have all the advantages of top one percent what happened in those eight

years about a million jobs that's it

twenty three a one

and of course we lost that million jobs in the recession it was created

right after he left office

we're losing jobs at a rate of about seven hundred and fifty thousand

so when you take a ten years

that we'd been trickle-down economics under bush as through obama in the

restrictive recession we had a net loss of jobs

trickle-down it's not true

now there are other

investors like nick an hour who is a successful entrepreneur inventor cap was

he says book

helping the middle class isn't just about helping the middle class about

helping the whole country because it helps the entire economy let me quote

him

he says the problem today's severe concentration awhile than isn't that

it's unfair though it might be

hillsborough class there man

lasting growth doesn't trickle-down it emerges

from the middle out

and it makes sense

because seventy percent of our economy

this consumer spending

if the middle classes have money to spend well then nobody wins

present nobody recognizes and ran a campaign

add about it during this election site irony

that way you wrote that column in this problem and

hyperplane in fighting

metaplasia that background

uh... la crosse

and that's what i've heard

now i wish you believe that a little bit more put more into practice but at least

he saying the words and we're hoping that it catches on

this is true now let me show you how middle on economics works

in this case is that a good all the money to the rich

and all the advantages to the rich you give it to the middle class but when you

do

jumps flow down

and money also flows up by the way

because who's gonna get the money

from all the new

investments in the economy of course the top is also looking at it

but if you don't have the middle class the man

you can have a better economy and nobody wins

if you're not allowed

everybody wins this is the reality this is the system that we have to change to

and policies have to reflect

middle out economics

so don't believe the trick in the light of trickle-down anymore what we need to

do as pursue middle and i cannot