Statements about Wealth
"I had the lowest net worth of any American president in the 20th century when I took office."
"The average age of the minimum wage worker is 35 years old."
"Some of the wealthiest Americans are African-American now."
"In Rhode Island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on."
"Nine out of the 10 poorest states are Red states."
"The median net worth of American households hasn't changed much over the past decades, it's about $20,000 ... but Congress' average median net worth has ballooned, more than doubled."
"Most of West Virginia is still owned, in excess of 90 percent, by out-of-state interests."
"The Walton family, which owns Wal-Mart, controls a fortune equal to the wealth of the bottom 42 percent of Americans combined."
"Terry McAuliffe cashed in, walking away with millions" from the demise of Global Crossing.
Since Gina Raimondo took office, investment fees on the state's pension portfolio "have gone up from about $12 million annually to about $50 million."
Historically, the Social Security tax has been assessed on about 90% of U.S. income. Now it captures 83% because there's been such a growth of income among the highest earners.
"Women make 77 cents for every dollar earned by men."
"Seven of the 10 highest-income counties in the country ring the city" of Washington D.C.
"$500 billion of the extension of the Bush tax cuts for the wealthy goes to 120,000 families."
Wealthy taxpayers, not middle-income earners, get "most of the deductions" in the tax code.
Mitt Romney "gave away his father's inheritance."
"For Social Security, which is projected to remain solvent through 2033, Whitehouse has cosponsored [a bill that] . . . would extend the life of the program by an additional 75 years."
"Over the last few decades, the income of the top 1 percent grew by more than 275 percent -- to an average of $1.3 million a year."
Says that Rep. Betty Sutton "would rather riot with Occupy (Wall Street) than stand up for Ohio families."
"They're paying a less rate of tax -- these richest people in America -- than they have in the last 80 years."
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