across this country if we want our country, once again, to work for everyone. as you walk among those people, and you can probably give me one thing congress can do to reduce the disparity, the difference between rich and poor in america. right off the top it has to be the tax structure is completely out of whack. i represent teachers and school secretaries, they re paying more, a higher percentage of tax than someone who s making $17 billion running a hedge fund. that s absurd! we haven t had the concentration of wealth this high, this is just such a small percentage having all the wealth since 1929. and what you re hearing here and what so many people have been saying is, we don t want a complete collapse. we do not want another great recession. so, just start with the tax structure. let s be fair about it. well, wait a minute okay, it s friday. let s get serious here. the democrats have controlled the congress. a lot in the last 20, 30 years. there s still a democratic cha
downtown new york city. new york city is the income disparity capital of the entire united states. so this is clear example of what s going wrong. the financial industry is here, but more than half the households in this city are now below the poverty line. and that s what i m learning from them. it s like, we all just have to respect each other, but at the same time, stop with the politics. we want our society to move forward. and i think that s a very powerful message they re delivering. give me one thing that congress could to that would reduce the disparity, the difference between rich and poor in america? right off the top, it has to be, you know, the tax structure is completely out of whack. i represent teachers and school secretaries, they re paying more, a higher percentage of tax than someone who s making $17 billion running a hedge fund. that s absurd! we haven t had the concentration of wealth this high, this is just such a small percentage having all the wealth since 19
of their decisions are made about what s best for the majority of the people. how do we make sure we allow the individual voice to be heard, but at the same time, how do we make sure that whatever we re deciding helps most of the people? and that is something that has obviously gone awry here in this country. i m standing right now in downtown new york city. new york city is the income disparity capital of the entire united states. so this is clear example of what s going wrong. the financial industry is here, but more than half the households in this city are now below the poverty line. and that s what i m learning from them. it s like, we all just have to respect each other, but at the same time, stop with the politics. we want our society to move forward. and i think that s a very powerful message they re delivering. give me one thing that congress could to that would reduce the disparity, the difference between rich and poor in america? right off the top, it has to be, you know
people who say it s a contradiction? and do you think it will matter to americans? well, first of all i don t think it matters to americans but i want to address the contradiction a little bit. steven was there, left in 2002. the last 14 years, he hasn t had anything to do with goldman sachs. moreover, built two other successful businesses. he s been successful at an investment bank. running a hedge fund. yep. been successful running a hedge fund and successful as a hollywood movie producer. last, not least, been super successful as a financier where the president-elect gave him that responsibility in mid-june, and i think he did an amazing job of putting that thing together. he s incredibly well organized. i know him, for a long time, he also was a major author of a lot of the tax and economic policies that are on our website. he will be the person at the front edge of the administration bringing tax policy to the hill