4.8 • 1.5K Ratings
🗓️ 15 November 2019
⏱️ 14 minutes
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0:00.0 | I'm Nick Hanauer, founder of Civic Ventures. |
0:06.3 | I'm David Goldstein, Senior Fellow at Civic Ventures. |
0:09.4 | I'm David Goldstein, Senior Fellow at Civic Ventures. |
0:14.0 | It just has to be the case that we're a little confusing sometimes |
0:21.0 | because we're always talking about complicated things. |
0:23.6 | Yeah, we're confusing sometimes. |
0:25.4 | And because of that, we love, love, to take questions from our listeners at the magic number |
0:32.4 | 731 388 9334 which gives us an opportunity to |
0:38.0 | clarify our talking in our thinking and with, we're now going to answer one of our listeners' questions. |
0:46.5 | Okay. |
0:47.1 | Hello, this is Brad Mossing in Toledo, Ohio. I'm calling to see what your thoughts are on our Congress's self-interest |
0:57.8 | and so that majority of them are classified as wealthy. How do they balance their self-interest with the public good? |
1:06.9 | Thank you for doing a great job. |
1:08.6 | Hey Brad from Toledo, that's a really interesting question about Congress's self-interest That's |
1:13.7 | self-interest relative to economic policy. I think it's an important question. |
1:18.9 | You know, our research shows that what is it, Goldieoli about 35% of all members of Congress. |
1:25.8 | Right, House and Senate about 35% are millionaires. |
1:29.8 | They have wealth of over a million dollars a year that they report compared to less than 6% of the general population. |
1:40.0 | Oh interesting. So six times as many people in Congress are millionaires as the general population. |
1:46.6 | So I just tell you something interesting. |
1:48.6 | It tells you that our representatives are not very representative. |
1:52.0 | And you know it is just unambiguously true that over the last 40 years, Congress has refused to act in the economic interest of the middle class. |
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