Bernie Sanders Tells the Truth: Former Clinton Labor Secretary Robert Reich on His Surging (Video)
Bernie Sanders Tells the Truth: Former Clinton Labor Secretary Robert Reich on His Surging Campaign
AMY GOODMAN: So, let’s turn to the Democrats, because it hasn’t only been the Republicans who have been in power, and that sucking sound from the bottom to the top has been quite as loud. In July, Hillary Clinton outlined her economic vision in a speech at The New School here in New York City.
HILLARY CLINTON: First, hard-working families need and deserve tax relief and simplification. Second, those at the top have to pay their fair share. That’s why I support the Buffett rule, which makes sure that millionaires don’t pay lower rates than their secretaries. I’ve also called for closing the carried interest loophole, which lets wealthy financiers pay an artificially low rate. And let’s agree that hugely successful companies, that benefit from everything America has to offer, should not be able to game the system and avoid paying their fair share, especially while companies who can’t afford high-priced lawyers and lobbyists end up paying more.
AMY GOODMAN: Your response to what Hillary Clinton has said, someone you know well?
ROBERT REICH: Well, it’s a step in the right direction, Amy, but it’s not far enough. I mean, we do have to substantially increase taxes at the top, if we’re going to have enough money to do everything that needs to be done with regard to investing in education, infrastructure, do a lot of things that, despite President Obama’s efforts, have still not been done. But I think we even have to go beyond that and really change the way the market is organized. I mean, if you look at antitrust law, for example, you’ve got huge combinations now in health insurance, in airlines, in banking, in food. That means Americans are spending much more than otherwise for all of these basic necessities—airlines may not be a necessity, but certainly the others are necessities—and that’s a redistribution upward.
Democracynow.org - Robert Reich, who served as labor secretary under President Clinton, discusses the economic plans of Democratic front-runners Bernie Sanders and Hillary Clinton, as well as his new book, "Saving Capitalism: For the Many, Not the Few." The book looks at why the United States is now experiencing the greatest income inequality and wealth disparity in 80 years.
full transcript
http://www.democracynow.org/2015/9/30/bernie_sanders_tells_the_truth_former
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