Bernie Sanders: ‘We need pay equity for women’

Thank you for doing this. My pleasure. As an Englishman, I’m glad to see a proud
socialist’s running for president. Do you believe in redistribution of
wealth? Well, I think what’s happened is there has been massive redistribution of wealth in this country for the last 30 years. The problem is it’s gone from the middle class to the top one tenth of 1% and I think we have to redistribute it back to working families,
the middle class, so that they can have a decent standard of living. So we’ll take the wealth from the rich and redistribute it to the middle class. Well, it’s a little bit more complicated than that, but what we have seen in the last 30 years is the percentage of wealth owned by the top one-tenth of 1% double, double, while the percentage of wealth owned by
the middle class has significantly shrunk to the tune of many trillions of
dollars, and we have to deal with that. So would you believe in a wealth tax? A variety of a wealth tax. What I certainly do believe is that we have to have a strong estate tax so that when a billionaires pass on they don’t leave all of their money to their kids and perpetuate a very distorted class society. I believe we have to end these tax havens that exist in the Cayman Islands and elsewhere by which large corporations make billions of dollars a year in profits and just stash their money there and don’t pay a nickel in federal taxes. I think we need a progressive income tax so that we don’t have a situation where, as Warren Buffett reminds us, billionaires end up paying an effective tax rate lower than truck drivers or nurses. So I think there is a lot to be done in making our tax system fairer, and that’s based on the fact that
today almost all of the new income and wealth being created is going to the top 1%. And in terms of a system which has given the income and the wealth to the privileged, and being able to turn that around, do you believe in reparations at all? No, that’s…the issue right now is, this is what I do believe in: I believe that we have got to raise the minimum wage in this country to a living wage which I think is $15 an hour over the next several years. Real unemployment in this country is
over 10% which means to me that we have to create millions of decent paying jobs
and you do that most effectively by rebuilding our crumbling infrastructure,
by hiring teachers and not by firing teachers. We need pay equity for women
workers who should not be making 79 cents on the dollar compared to men. We need to a especially focus on youth unemployment because Hispanic youth unemployment in this country is 36%, and underemployment. African-American unemployment and underemployment is 51%. We end up having more people in jail than
any other country on earth. So I think I would rather invest in jobs and
education rather than jails and incarceration. So you’re investing in youth jobs, your investing in infrastructure. Who’s your treasury secretary who’s going to be driving all of this? Well, there are a lot of great people out there, but I’ll tell you it’s not, it’s not going to be some guy who worked on Wall Street representing the major financial institutions in this country. Under Democratic administrations and
Republican administrations, those are the guys who by and large have held major financial positions, major positions in the treasury department. So no, no Bob Rubin in your administration? Let me be…Ok, you got the scoop on this: Bob Rubin will not be my Secretary
of Treasury, and you can quote me on that. I wasn’t expecting that he would be. But, you believe in postal banking. Yeah, I think it’s a great idea. In fact, I just spoke to a postal union this morning. I want to see our post office be reinvigorated. And one of the ways that I think we can help not only the US postal service but helped a lot of low-income
people, if you are a low-income person, it is, depending upon where you live, very difficult to find normal banking.
Banks don’t want you. And what people are forced to do is go to payday lenders who
charge outrageously high interest rates. You go to check-cashing places which rip
you off, and yes, I think that the postal service in fact, can play an important role in providing modest types of banking service to folks who need it. So Walmart should get a banking license as well, for the same reason. Right now we’re focusing on the US
Postal Service. Walmart’s a great bank in Mexico. Right now, in the United States, we’re focusing on the US Postal Service. So in terms of banking, you last night
talked a lot about bringing back Glass-Steagall, repealing Gramm–Leach–Bliley.
What’s the purpose for that? You want to break up the banks. If you’re talking about creating an economy that works for the middle class and not just the top 1%, I think we have to rethink our current financial system and
the way Wall Street functions. What we want are financial institutions who know
the communities in which they function, who are prepared to make affordable
loans to small and medium-sized businesses so that they can grow and create jobs. What we have right now is a situation
where the largest 6 financial institutions in this country, Wall Street
companies, have assets about equivalent to about 60 percent of the GDP of the
United States of America. They issue two-thirds of the credit cards, about 35% of the mortgages. They are extraordinarily big and, in fact, the top 3 are much bigger today than they were when we bailed them out because they were too big to fail. So bottom line here is you want financial institutions who are part of
the communities not as is currently the case on Wall Street, an island unto
itself, whose only purpose in life is to make as much money as it can for
itself no matter how they do it. So it sounds to me your not really, or even mainly, talking about just separating commercial banking from investment banking if we
had in Glass-Steagall, but you’re talking about breaking up the banks along
geographic grounds so they become much more… It’s not geographic. We’re talking about
re-establishing Glass-Steagall, and you’re looking at a guy who as a member of the House Financial Committee, Services Committee, was a leader in the opposition of deregulating banks in opposition to ending Glass-Steagall. So I think we do want to bring back Glass-Steagall, but we want to go further. But you voted for the Commodities Futures Modernization Act… Well yeah, I know. Of the many, many votes that I cast. I was a leader. I think the
record is very clear in doing that. Talk to me really quickly then about the financial transactions tax. Is that just a way of raising revenue or did stock market speculation, was that part of the crisis? It deals with both issues. It will damper
excessive speculation on Wall Street which is not a good thing. But at the
same time it will raise very substantial sums of revenue, and what we have done is
targeted that revenue to make certain that young people in this country will
be able to go to public colleges and universities tuition-free. Let me ask you about the currency manipulation that you say China is doing. You want to impose a fee on that? How does that work? Well, what I want to do is to deal with the reality that today we have a massive trade deficit with China, and you are looking
at a guy who helped lead unsuccessfully unfortunately the effort, the permanent normal trade relations with China. So what I think is we have to rethink our trade relations with China
which are now grossly working against the interests of American workers. What we
have seen in recent years is a significant reduction in the number of
manufacturing jobs in this country factories being shut down and then being
sent to China. And that has got it end. So if you want to save manufacturing,
improve exports, that means the dollar’s to strong, we need a weaker dollar? What it means is we need a trade policy in this country which works for American
workers. What we mean… As opposed to international workers? We don’t really… because if it helps international workers… It’s not that we don’t care about international workers. We need trade agreements that work for
all workers and not just the CEOs of large corporations.

16 comments on “Bernie Sanders: ‘We need pay equity for women’”

  1. Saiite says:


  2. spookysama says:

    postal service banking sounds interesting

  3. gamevalor says:

    Bernie Sanders repeats feminist myths about the wage gap. That's disappointing.

    5 Feminist Myths That Will Not Die

    MYTH 5: Women earn 77 cents for every dollar a man earns—for doing the same work.

    FACTS: No matter how many times this wage gap claim is decisively refuted by economists, it always comes back. The bottom line: the 23-cent gender pay gap is simply the difference between the average earnings of all men and women working full-time. It does not account for differences in occupations, positions, education, job tenure or hours worked per week. When such relevant factors are considered, the wage gap narrows to the point of vanishing.

    Wage gap activists say women with identical backgrounds and jobs as men still earn less. But they always fail to take into account critical variables. Activist groups like the National Organization for Women have a fallback position: that women’s education and career choices are not truly free—they are driven by powerful sexist stereotypes. In this view, women’s tendency to retreat from the workplace to raise children or to enter fields like early childhood education and psychology, rather than better paying professions like petroleum engineering, is evidence of continued social coercion. Here is the problem: American women are among the best informed and most self-determining human beings in the world. To say that they are manipulated into their life choices by forces beyond their control is divorced from reality and demeaning, to boot.

    Why do these reckless claims have so much appeal and staying power? For one thing, there is a lot of statistical illiteracy among journalists, feminist academics and political leaders. There is also an admirable human tendency to be protective of women—stories of female exploitation are readily believed, and vocal skeptics risk appearing indifferent to women’s suffering. Finally, armies of advocates depend on “killer stats” to galvanize their cause. But killer stats obliterate distinctions between more and less serious problems and send scarce resources in the wrong directions. They also promote bigotry. The idea that American men are annually enslaving more than 100,000 girls, sending millions of women to emergency rooms, sustaining a rape culture and cheating women out of their rightful salary creates rancor in true believers and disdain in those who would otherwise be sympathetic allies.

    My advice to women’s advocates: Take back the truth.

    Christina Hoff Sommers, a former philosophy professor, is a resident scholar at the American Enterprise Institute. She is the author of several books, including Who Stole Feminism and The War Against Boys, and is the host of a weekly video blog, The Factual Feminist. Follow her @CHSommers.

  4. Jonas Medin says:

    The headline is very misleading.. He only mentions it briefly and it is overall a discussion about how to deal with big issues currently facing the US, not a discussion about equality between men and women.

  5. K Mat says:

    The guy asking the questions was a moron. He seem like he might be one of those "open borders" nut jobs. I feel bad for workers in other countries and feel bad for people living in war areas. But it's time to put the domestic issue ahead of foreign issues again.

  6. Holden Steinhi says:

    You socialists who like this guy will never learn, do you really think the economy will be improved by these policies that are so hostile to business and "the rich"?? Guess what, no one ever got a job from a poor person, your potential employers will simply adjust to these policies and you 'socialists' will be the ones who get hurt the most by these polices. You people remind me of children, always thinking someone "the man" is out to screw you, something is always unjust and not fair, you get butt hurt when you see a wealthy person with a nice house/ car… Give it a rest if you go apply yourself you can have those things too, don't always be so jealous and looking for injustices, the wealthy will always have money, this is an illusion to say you can build up the middle class with these policies, not going to happen, socialism does not work, get it through your heads, our system is not perfect and can be improved, but people need to embrace capitalism as it has been the best hope for humanity for so many years and will continue to be, unlike socialism, the scourge and blight on humanity.

  7. dan stone says:


  8. Sterowent says:

    i liked this interview. mind you, it wasn't always easy for bernie, but overall this opened up new ideas within bernie's platform as well as his line of thinking, all good things when you have a leader like bernie who understands the issues. this may have even been too softball. honestly, i don't like when he's pressured with poor rhetoric or loaded questions, but if it's a legitimate inquiry it's open season and only does a man with integrity and intelligence good.

  9. Doug DeGrave says:

    Sanders sounds quite oven-worthy.

  10. chickendinner2012 says:

    Bernie 2016!

  11. Francis peña says:


  12. mega jam says:

    That's right prop up the post office. While we are at it perhaps we should bring back the horse and buggy.

  13. Benjamin Flynn says:

    Thank god the wage gap is a myth, which anyone with a brain can figure out. See ya Sanders!

  14. jack william says:

    If women get less than men, then why don't employers just hire all women? Bat- shit crazy bitches!!!

  15. Johnny Jones says:

    Women have pay equity because its the law. What they don't have is a desire to be a plumber or an oil rig worker that pays way more than being a teacher or nurse because women choose people related jobs and men choose things related work. End of story.

  16. Matt S says:

    Hahahahah!!!! Bernie 1920

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