to the measurement of success in california. it is true that about 22% of the population is 18 to 34 years old and 32.5% of new enrollees are in that age group. but that group represent over 40% of the uninsured. about 42% of the uninsured. california is not capturing them all but they never expected at this stage to be capturing them all. they had a more modest expectation in this first year. and that s one of the things that is present across the board in the expectations.
teen it llment reforms. you proposed to cut corporate taxes 35% to 32.5%. that sounds like ronald reagan or jfk or both. well, i put something on the table at the meeting the other day because i feel like you have to start with something. there was lot of discussion of sort of general economic principles and where we are going and what the future economy looks like. i felt, hey, we are in the budget conference here. here is a proposal. i don t expect that it will become the final deal. but i said at the time that here is some here something that has has something in it that everybody can hate. by definition that s where we have to end up. one side or the other can t win it all. mine the math mattics of washington are straightforward. you have a democratic president, a republican house, and a democratic senate, although the
fairly radical theory, and in some circles, this seems a fairly radical theory, and especially in a town like new york city where the discrepancy between rich and pour is so dramatic. the new york comptroller office used 2009 as a snap shot. the top 1% nationally earned 16% of the country s income. in new york, the top 1% earned 32.5% of new york city s total income. that is a dramatic, dramatic divide. well, alex, we have the worst income disparity in the city that we have had since 1929, on the verge of the depression. it is not an acceptable state of affairs, i talk about the tale of two cities because people are
32.5% of new york city s total income. that is a dramatic, dramatic divide. well, alex, we have the worst income disparity in the city that we have had since 1929, on the verge of the depression. it is not an acceptable state of affairs, i talk about the tale of two cities because people are living it. they know it is not the way forward. one way to address it is figure out how to help people move forward. clearly a tax on the richest, so that we can work on our public school schools that need so much help. this tax would pay for full-day pre k and pay for after school programs and middle school kids. it would help us finally start to address the racial achievement gap that is as clear as ever, based on the test scores that came out recently. so this is a fair common sense measure to address a crucial problem and to really get at the core of inequality.
sector job growth. that s great. there s still 23 million people who do not have a job. you re talking about a movement. how about you move them back to work. why don t you move them back to work? that s the reality here. this president is moving people back to work. when? let me ask you a couple questions. the stock market, you ve got money in a 401(k). you re happy now. you were scared to death three years ago. we ve got a stock market booming. why is it booming at the same time the business is invested. i keep hearing businesses sitting on $2 trillion. why? because the business community has made great productivity gains. they re more efficient today and therefore they re going to have a better return on capital. you look at the average hour work week. it s gone from 32.5 to 33.5 in three session levels. the first thing people do is fill that efficiency gain. that s what they ve done. now they re hiring.