Senator Bernie Sanders: America Is Now A Banana Republic
Some emotional words from Vermont Senator Bernie Sanders over the increasing social inequality in America, which he now defines as indicative of America's transition to a banana republic: "Many of the nation's billionaires are on the war path. They want more, more, more. Their greed has no end, and apparently there is very little concern for our country or for the people of this country if it gets in the way of the accumulation of more and more wealth, and more and more power. Today as the middle class collapses, the top 1% earns 23.5% of all income, more than the bottom 50%. Today, if you can believe it, the top 1/10th of 1% earns about 12 cents of every dollar in America... It is very clear that the people on top are doing extraordinarily well as the poverty is decreasing... Today the crooks on Wall Street, the people whose illegal, reckless actions have resulted in the millions of Americans losing their jobs, their savings, after we bailed them out, the CEOs are making more money than before the bailout. The US now has by far the most unequal distribution of income and wealth of any major country on earth." Not surprisingly, Sanders is not too happy about the proposed tax cut for the richest.