Monday at an AFL-CIO Labor Day event in Pittsburgh, Vice President Joe Biden ranted about the economy as it pertains to the American labor force.
Biden said, “We can’t let the changes that have taken place and crept in for the last twenty years— but they have been devastating for workers. I hope everybody in America has a chance to become millionaire and we need billionaires. But let me tell you something, man, The tax code’s not fair. It’s simply not fair. The wealthy aren’t paying their fair share. It used to be one America everybody was in on the deal. When when we were in trouble everybody jumped in. When we were doing well everybody did well but that is simply not the case anymore. Back in the mid 70’s you know the top 1 percent of Americans they owned 20 percent of all wealth in America. Today 1 percent of Americans owns 40 percent of all wealth in America.”
“It’s the way the tax code has been setup,” Biden added. “I’m hot I acknowledge that. I’m mad, I’m angry.”
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