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When you've got a economy in which 40 percent of economic growth is happening in the financial sector, that turns out that was all an illusion, that it wasn't growth based on real products and services, but just a bunch of paper shuffling and a house of cards, then what's gonna emerge, at some point, is a sense of resentment, a sense that the system's rigged, and it's not working for ordinary people. and it's not fulfilling the basic american dream.
-Barack Obama
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When You've Got A Economy In Which

Barack Obama
When you've got a economy in which 40 percent of economic growth is happening in the financial sector, that turns out that was all an illusion, that it wasn't growth based on real products and services, but just a bunch of paper shuffling and a house of cards, then what's gonna emerge, at some point, is a sense of resentment, a sense that the system's rigged, and it's not working for ordinary people. and it's not fulfilling the basic american dream.
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Dream Real People

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Scripts are a house of cards and you can't just reach in the middle and pull out the middle card because the house of cards will fall down. but at a certain point you almost have to allow that house of cards to get knocked down a few times because you need to make it sturdier. how many times do you hear, "no, that doesn't make sense," or "why would this happen?" that was a mistake. you shouldn't have those moments, because the moment you're knocked out of the story, then you're dead. and all you can go is moment to moment,or joke to joke. and that's gonna wear people out.
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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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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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Economists often talk about the 80/20 principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. in most societies, 20 percent of criminals commit 80 percent of crimes. twenty percent of motorists cause 80 percent of all accidents. twenty percent of beer drinkers drink 80 percent of all beer. when it comes to epidemics, though, this disproportionality becomes even more extreme: a tiny percentage of people do the majority of the work.
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Regarding the economy & taxation: america's most successful achievers do pay a higher share of the total tax burden. the top one percent income earners paid 18 percent of the total tax burden in 1981, and paid 25 percent in 1991. the bottom 50 percent of income earners paid only 8 percent of the total tax burden, and paid only 5 percent in 1991. history shows that tax cuts have always resulted in improved economic growth producing more tax revenue in the treasury.
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I feel like, when we're kids, you're sold into this fairy tale of what love is. that prince charming's gonna come along and save you and you're gonna live happily ever after. they're gonna rescue me from the bronx, and we're gonna go off and live in a castle somewhere and it's gonna be awesome. he's gonna love me forever, and i'm gonna love him forever, and it's gonna be real easy. and it's so different than that.
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