Tom Steyer on JobsDemocratic Presidential Challenger; CEO | |
Steyer: Senator Sanders is right. There have been 40 years where corporations have bought this government: a 40-year attack on the rights of working people & specifically on organized labor. I was one of the first people on this stage to propose a wealth tax. I would undo every Republican tax cut for rich people and major corporations.
Q: What's your plan for closing the income gap?
Steyer: It's absolutely shameful the way the money gets split up in terms of earnings. As a result of taking away the rights of working people and organized labor, 90% of Americans have not had a raise for 40 years. If you took the minimum wage from 1980 and just adjusted it for inflation, you get $11. It's $7.25.. If you included the productivity gains of American workers, it'd be over $20.