most corrupt organizations. let s leave him out of there. of course, there s income inequality and it s gotten ten times bigger than it used to be. you can argue about how bad it is. i think it s demoralizing for the average person who is working hard to see people working not much harder maybe 500 times more money than they do. capitalism has to work for everybody if it s going to be a successful system. the problem is it isn t working for everybody and that s a big problem for the united states of america. the vulture chart, which we show a lot on this program, if mitt romney wins and if the ryan plan were to implemented by a republican majority, if that were to happen, the lines between, the distance between the red line and the blue line would get further apart. this is the republican plan to concentrate the wealth.
thanks for a long intro. you have a lot of jobs which is good. income inequality. o reilly said it s bull. i don t know why you would quote someone that works for the most corrupt organizations. let s leave him out of there. of course, there s income inequality and it s gotten ten times bigger than it used to be. you can argue about how bad it is. i think it s demoralizing for the average person who is working hard to see people working not much harder maybe 500 times more money than they do. capitalism has to work for everybody if it s going to be a successful system. the problem is it isn t working for everybody and that s a big problem for the united states of america. the vulture chart, which we show a lot on this program, if mitt romney wins and if the ryan plan were to implemented by a republican majority, if that
here tonight. this is the growth of worker productivity in hourly compensation going back more than 60 years. take a look at what has happened as we entered the 1980s. don t you see these two lines starting to split a little bit? see the republicans, they love to talk about reagan and reagan so reaganomics, here s the split. productivity continued to skyrocket. since 1980, we have increased our workload and productivity on workers by 120%. but the hourly compensation for american workers, what has it don? it has flatlined over those years. now, according to epi, the gap between the very highest earners, the 1 percenters, and all other earners, including other high earners, reflects the escalation of ceo and other managers compensation and the growth of compensation in the financial sector. keep that in mind. but it reminds me of our vulture chart. we love to show this one all the
but it reminds me of our vulture chart. we love to show this one all the time. it s amazing. income for the top 1% is really at its highest point ever average wages, where are they? they are stagnant. now watch what happens when you combine the two charts. it is absolutely amazing at how it all follows the average wages. well, they match up pretty close with the hourly compensation, don t they? and the people earning those wages are working harder and longer than ever before. now, according to the orange line, you know, hey, look who s reaping the rewards in all of this. son of a gun, it s the red liners, isn t it? look, the income gap is destroying the middle class in this country. these charts don t lie. these are trends. these are facts. this is not ideological speak right now. the man who will be the republican nominee for president
fairness has left the building. democrats aren t changing the lifestyle of the wealthiest americans of the buffet rule were to pass. you mean to tell me that people making over a million dollars a year couldn t shell out 30% of their income for the good of the country if as mitch mcconnell says we re in a crisis but republicans are changing the lifestyle of the middle class. middle class americans for the worse. that s why obama s super pac is hitting mitt romney with this ad in ohio and other swing states. mitt romney made millions off companies that went bankrupt while workers lost promised health and retirement benefits. his own tax return reveals he made $21 million and paid a lower tax than most americans. joining now is bernie sanders. i want to talk you to my vulture chart right away here. the chart that we show a lot the