[inaudible conversations] [inaudible conversations] the committee will come to order. Thank you all for being here. I would like to thank Ranking Member whitehouse, my friend and collaborator. Its great to be here at doing this together. I was just saying to him, i told him i would tell you it would bt nice to them in his edges because hes a top question. He will take you to test. I would like to thank the witnesses for their attendance today. I would also like to highlight two empty chairs today, which i say for saved for two and find witnesses who apparently dont show your commitment to discuss these issues. One chair is for tik tok. If you dont know what tik tok is, you should. Its a chinese owned social media platform so popular among teenagers that Mark Zuckerberg is reportedly spooked. For facebook, that fear is lost social media market share. For the rest of us, the fear is somewhat different. A company compromised byif the Chinese Communist party knows where your childrenws are
Sanctums say a National Security officials among them is the head of the iranian judiciary the iranian chief of staff and very importantly the 2nd son of the Ayatollah Khamenei hes the only one of the i told his children to actually works with in the office and certainly represents his father at times in public so this is a significant selection of sat inside with the 40th anniversary of the arabian hostage siege now certainly these are significant the sanctions aimed at the very most senior levels of iranian leadership the 9 figures who individually singled out all members of the inner sanctums say a National Security officials among them is the head of the iranian judiciary the iranian chief of staff and very importantly the 2nd son of the Ayatollah Khamenei hes the only one of the i told his children to actually works within the office and certainly represents his father at times in public so this is a significant selection of sat inside with the 40th anniversary of the arabian host
A very warm welcome to you what a nice and. Safe. And very warm welcome to you youre watching us and. See. During the Great Depression which im old enough to remember there was. During the Great Depression which im old enough to remember there was and most of my family were unemployed working class there wasnt it was bed and most of my family were unemployed working class there wasnt it was bed you know much worse subjectively than today but there was an expectation that things were going to you know much worse objectively than today but there was an expectation that things were going to get better. There was a real sense of hopefulness there isnt today. Better. There was a real sense of hopefulness there isnt today. Anything qualified it only believes it is this is. Really really really unprecedented and pretty depressed im sitting and im sure that total inequality is like the worst periods in American History. Total inequality its like the worst periods of American History. But histo
Really unprecedented im if you look at total inequality its like the worst periods of really unprecedented im if you look at total inequality its like the worst periods of American History. Of. American history. But if youre a find it more closely inequality. But if youre find it more closely the inequality comes from the extreme wealth in a tiny sector of the population comes from the extreme wealth in a tiny sector of the population fraction of one percent. Fraction of one percent. There were periods like the gilded age in the twentys and the early ninetys there were periods like the gilded age in the twentys and the early ninetys. And so on when a situation will rather similar to this. Now this period and so on when a situation developed by the similar to this. Now this period 6 trillion because if you look at their Wealth Distribution to inequality its extreme because if you look at their Wealth Distribution the inequality mostly comes from super wealth. Mostly comes from super wea
And thank you for transcribing all that were doing. And thank you to cspan for covering us. Without objection, all members will have five legislative days within which to submit additional written questions. Just a few moments left in this testimony. Well go live now to capitol hill for a Senate Subcommittee hearing on data breaches and cybersecurity. Among the witnesses is the Vice President for microsoft. This is live coverage on cspan3. For two invited witnesses who apparently dont share your commitment to discussing this issues. One is for tiktok. If you dont know what tiktok is, you should. Its a chineseowned social media platform so popular among teens that Mark Zuckerberg is reportedly spooked. For facebook, the fear is lost social media market share. For the rest of us, the fear is somewhat different. A company compromised by the Chinese Communist party knows where your children are, knows what they look like, what their voices sound like, what theyre watching, and what they sh