The movie “Heist: Who Stole the American Dream” goes over the history of the economic collapse, including deregulation, legislation signed that assisted in the collapse, and how companies now basically can police themselves. The movie also goes over a few solutions to the situation. You can watch online at the Heist Movie Youtube Channel, or below: (https://www.youtube.com/watch?v=odTtR4C2e7g)
The other movie that is worthwhile to watch is Robert Reichs, “Inequality for All“. It goes over the history of the economy in the US, the income gap, the history of tax rates in the US, his time in the Clinton Cabinet, etc. Here is the trailer: (https://www.youtube.com/watch?v=9REdcxfie3M)
Some points in the Bernie Sanders video and from his websites article, “Income and Wealth Inequality”:
- 35 Million don’t have health insurance and millions more are underinsured.
- The top one-tenth of one percent owns almost as much wealth as the bottom 90 percent.
- 58 percent of all new income since the Wall Street crash has gone to the top one percent.
- We have a proliferation of millionaires and billionaires at the same time as millions of Americans work longer hours for lower wages.
- We have the highest childhood poverty rate of nearly any developed country on earth.
- One family owns more wealth than the bottom 130 million Americans
His website lists out how he will reduce Income Inequality:
- Demanding that the wealthy and large corporations pay their fair share in taxes. As president, Sen. Sanders will stop corporations from shifting their profits and jobs overseas to avoid paying U.S. income taxes. He will create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million. He will also enact a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings.
- Increasing the federal minimum wage from $7.25 to $15 an hour by 2020. In the year 2015, no one who works 40 hours a week should be living in poverty.
- Putting at least 13 million Americans to work by investing $1 trillion over five years towards rebuilding our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs.
- Reversing trade policies like NAFTA, CAFTA, and PNTR with China that have driven down wages and caused the loss of millions of jobs. If corporate America wants us to buy their products they need to manufacture those products in this country, not in China or other low-wage countries.
- Creating 1 million jobs for disadvantaged young Americans by investing $5.5 billion in a youth jobs program. Today, the youth unemployment rate is off the charts. We have got to end this tragedy by making sure teenagers and young adults have the jobs they need to move up the economic ladder.
- Fighting for pay equity by signing the Paycheck Fairness Act into law. It is an outrage that women earn just 78 cents for every dollar a man earns.
- Making tuition free at public colleges and universities throughout America. Everyone in this country who studies hard should be able to go to college regardless of income.
- Expanding Social Security by lifting the cap on taxable income above $250,000. At a time when the senior poverty rate is going up, we have got to make sure that every American can retire with dignity and respect.
- Guaranteeing healthcare as a right of citizenship by enacting a Medicare for all single-payer healthcare system. It’s time for the U.S. to join every major industrialized country on earth and provide universal healthcare to all.
- Requiring employers to provide at least 12 weeks of paid family and medical leave; two weeks of paid vacation; and 7 days of paid sick days. Real family values are about making sure that parents have the time they need to bond with their babies and take care of their children and relatives when they get ill.
- Enacting a universal childcare and prekindergarten program. Every psychologist understands that the most formative years for a human being is from the ages 0-3. We have got to make sure every family in America has the opportunity to send their kids to a high quality childcare and pre-K program.
- Making it easier for workers to join unions by fighting for the Employee Free Choice Act. One of the most significant reasons for the 40-year decline in the middle class is that the rights of workers to collectively bargain for better wages and benefits have been severely undermined.
- Breaking up huge financial institutions so that they are no longer too big to fail. Seven years ago, the taxpayers of this country bailed out Wall Street because they were too big to fail. Yet, 3 out of the 4 largest financial institutions are 80 percent bigger today than before we bailed them out. Sen. Sanders has introduced legislation to break these banks up. As president, he will fight to sign this legislation into law.
Updated on 1/7/2017: The previous link to the movie The Heist was made private and no longer available. The current one is available.