De Blasio: 'There's Plenty of Money in This Country, It's Just in the Wrong Hands'

CNS News | 6/27/2019 | Staff
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(CNSNews.com) - The topic of "income inequality" arose at Wednesday's Democrat debate, with various candidates explaining how they would address it.

New York Mayor Bill de Blasio spoke not only for himself, but for the Democrat Party in general: "There is plenty of money in this world, and there's plenty of money in this country, it's just in the wrong hands. Democrats have to fix that," he said.

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De Blasio also embraced a 70 percent tax rate on wealthy people, although he did not define the term "wealthy."

Here is his full answer to the question, "How would you address income inequality?"

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Well, we've been addressing income inequality in New York City by raising wages, by raising benefits, by putting money back in the hands of working people -- $15 minimum wage, paid sick days, pre-k for all, things that are making a huge difference in working people's lives.

But let me tell you, what we're hearing in the first round of questions is that battle for the heart and soul of our party. I want to make it clear. This is supposed to be the party of working people.

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Yes, we are supposed to be for 70% tax rate on the wealthy; yes, we're supposed to be for free college, free public college, for our young people. We are supposed to break up big corporations when they're not serving our democracy. This Democratic Party has to be strong and bold and progressive.

And in New York, we've proven that we can do something very different, we can put money back in the hands of working people.

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And let me tell you, every time you talk about investing in people and their communities, you hear folks say there's not enough money -- what I say to them every single time is, there's plenty of money in this world,...
(Excerpt) Read more at: CNS News
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