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This Fight Is Our Fight: The Battle to Save America's Middle Class This Fight Is Our Fight: The Battle to Save America's Middle Class by Elizabeth Warren
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“The next time you drive into a Walmart parking lot, pause for a second to note that this Walmart—like the more than five thousand other Walmarts across the country—costs taxpayers about $1 million in direct subsidies to the employees who don’t earn enough money to pay for an apartment, buy food, or get even the most basic health care for their children. In total, Walmart benefits from more than $7 billion in subsidies each year from taxpayers like you. Those “low, low prices” are made possible by low, low wages—and by the taxes you pay to keep those workers alive on their low, low pay. As I said earlier, I don’t think that anyone who works full-time should live in poverty. I also don’t think that bazillion-dollar companies like Walmart ought to funnel profits to shareholders while paying such low wages that taxpayers must pick up the ticket for their employees’ food, shelter, and medical care. I listen to right-wing loudmouths sound off about what an outrage welfare is and I think, “Yeah, it stinks that Walmart has been sucking up so much government assistance for so long.” But somehow I suspect that these guys aren’t talking about Walmart the Welfare Queen. Walmart isn’t alone. Every year, employers like retailers and fast-food outlets pay wages that are so low that the rest of America ponies up a collective $153 billion to subsidize their workers. That’s $153 billion every year. Anyone want to guess what we could do with that mountain of money? We could make every public college tuition-free and pay for preschool for every child—and still have tens of billions left over. We could almost double the amount we spend on services for veterans, such as disability, long-term care, and ending homelessness. We could double all federal research and development—everything: medical, scientific, engineering, climate science, behavioral health, chemistry, brain mapping, drug addiction, even defense research. Or we could more than double federal spending on transportation and water infrastructure—roads, bridges, airports, mass transit, dams and levees, water treatment plants, safe new water pipes. Yeah, the point I’m making is blindingly obvious. America could do a lot with the money taxpayers spend to keep afloat people who are working full-time but whose employers don’t pay a living wage. Of course, giant corporations know they have a sweet deal—and they plan to keep it, thank you very much. They have deployed armies of lobbyists and lawyers to fight off any efforts to give workers a chance to organize or fight for a higher wage. Giant corporations have used their mouthpiece, the national Chamber of Commerce, to oppose any increase in the minimum wage, calling it a “distraction” and a “cynical effort” to increase union membership. Lobbyists grow rich making sure that people like Gina don’t get paid more. The”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“The way I see it, no one in this country should work full-time and still live in poverty—period.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“The playing field isn't level, and the people at the top often don't notice that. Perspective matters—it matters. Because a multi-millionaire can say to himself, 'I give away money to the poor, and I've never shoved a poor person in line' (if rich people ever actually stand in lines)—'so I'm a good guy.' And therein lies the danger. The 'I'm a good guy' standard doesn't work. Sure, there are rich people who use their money for good causes that do nothing to advance their own financial interests. But when people with money use their money to get more money, they aren't evil, they're just acting rationally. And they're also acting rationally in the narrowest sense of that word when they use that money to buy favors from the government. But when they buy favors from the government, they are taking something that belongs to the rest of us. And when enough rich people or rich corporations buy enough favors, the whole economic and political system starts to tilt their way.

And if the American people allow this to go on long enough, there will come a point when the rich and powerful will be using so much of their money to buy so much influence over our government, that it will unwind the whole premise of democracy.

Instead of one person, one vote—giving each of us a say in how this country is run—we will become an oligarchy, a nation in which the powerful few make sure that the government runs in order to serve their interests.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“The best available apples-to-apples comparison of inflation-adjusted earnings shows what the typical fully employed man earned back in the 1970s and what that same fully employed man earns today. The picture isn’t pretty. As the GDP has doubled and almost doubled again, as corporations have piled up record profits, as the country has gotten wealthier, and as the number of billionaires has exploded, the average man working full-time today earns about what the average man earned back in 1970. Nearly half a century has gone by, and the guy right in the middle of the pack is making about what his granddad did. The second punch that’s landed on families is expenses. If costs had stayed the same over the past few decades, families would be okay—or, at least, they would be in about the same position as they were thirty-five years ago. Not advancing but not falling behind, either. But that didn’t happen. Total costs are up, way up. True, families have cut back on some kinds of expenses. Today, the average family spends less on food (including eating out), less on clothing, less on appliances, and less on furniture than a comparable family did back in 1971. In other words, families have been pretty careful about their day-to-day spending, but it hasn’t saved them. The problem is that the other expenses—the big, fixed expenses—have shot through the roof and blown apart the family budget. Adjusted for inflation, families today spend more on transportation, more on housing, and more on health insurance. And for all those families with small children and no one at home during the day, the cost of childcare has doubled, doubled again, and doubled once more. Families have pinched pennies on groceries and clothing, but these big, recurring expenses have blown them right over a financial cliff.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“In 2016, into this tangle of worry and anger, came a showman who made big promises. A man who swore he would drain the swamp, then surrounded himself with the lobbyists and billionaires who run the swamp and feed off government favors. A man who talked the talk of populism but offered the very worst of trickle-down economics. A man who said he knew how the corrupt system worked because he had worked it for himself many times. A man who vowed to make America great again and followed up with attacks on immigrants, minorities, and women. A man who was always on the hunt for his next big con.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“she feels lucky to have a job, but she is pretty blunt about what it is like to work at Walmart: she hates it. She’s worked at the local Walmart for nine years now, spending long hours on her feet waiting on customers and wrestling heavy merchandise around the store. But that’s not the part that galls her. Last year, management told the employees that they would get a significant raise. While driving to work or sorting laundry, Gina thought about how she could spend that extra money. Do some repairs around the house. Or set aside a few dollars in case of an emergency. Or help her sons, because “that’s what moms do.” And just before drifting off to sleep, she’d think about how she hadn’t had any new clothes in years. Maybe, just maybe. For weeks, she smiled at the notion. She thought about how Walmart was finally going to show some sign of respect for the work she and her coworkers did. She rolled the phrase over in her mind: “significant raise.” She imagined what that might mean. Maybe $2.00 more an hour? Or $2.50? That could add up to $80 a week, even $100. The thought was delicious. Then the day arrived when she received the letter informing her of the raise: 21 cents an hour. A whopping 21 cents. For a grand total of $1.68 a day, $8.40 a week. Gina described holding the letter and looking at it and feeling like it was “a spit in the face.” As she talked about the minuscule raise, her voice filled with anger. Anger, tinged with fear. Walmart could dump all over her, but she knew she would take it. She still needed this job. They could treat her like dirt, and she would still have to show up. And that’s exactly what they did. In 2015, Walmart made $14.69 billion in profits, and Walmart’s investors pocketed $10.4 billion from dividends and share repurchases—and Gina got 21 cents an hour more. This isn’t a story of shared sacrifice. It’s not a story about a company that is struggling to keep its doors open in tough times. This isn’t a small business that can’t afford generous raises. Just the opposite: this is a fabulously wealthy company making big bucks off the Ginas of the world. There are seven members of the Walton family, Walmart’s major shareholders, on the Forbes list of the country’s four hundred richest people, and together these seven Waltons have as much wealth as about 130 million other Americans. Seven people—not enough to fill the lineup of a softball team—and they have more money than 40 percent of our nation’s population put together. Walmart routinely squeezes its workers, not because it has to, but because it can. The idea that when the company does well, the employees do well, too, clearly doesn’t apply to giants like this one. Walmart is the largest employer in the country. More than a million and a half Americans are working to make this corporation among the most profitable in the world. Meanwhile, Gina points out that at her store, “almost all the young people are on food stamps.” And it’s not just her store. Across the country, Walmart pays such low wages that many of its employees rely on food stamps, rent assistance, Medicaid, and a mix of other government benefits, just to stay out of poverty. The”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“Think tanks support so-called experts who will offer an opinion on anything—if the price is right. The result is that the rich and powerful flourish, while everyone else is left further and further behind. The cumulative impact of decades of these decisions has been to hollow out America’s middle class and to leave us, as a nation, weakened. The game is rigged. It is deliberately, persistently, and aggressively rigged to help the rich and powerful get richer and more powerful.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“Pick your own act of defiance, something that says to you—and to others—that you won’t go along with the hate.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“Nobody who works full time deserves to live in poverty.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“my first target would be the obscene amounts of money the federal government was making on student loans.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“The commuter college I went to in 1970 now charges tuition of $ 10,312 a year for in-state students—and that’s cheaper than most state schools. (Just so we’re all on the same page: my $ 50 tuition from 1970 works out to about $ 300 in 2016 dollars.)”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“when CEOs break the law, they ought to go to jail, just like anyone else. The words chiseled in stone above the Supreme Court are EQUAL JUSTICE UNDER LAW. This is not followed by EXCEPT FOR CORPORATE EXECUTIVES.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“Adjusted for inflation, the minimum wage today is lower than it was in 1965—about 24 percent lower. That job at Sears allowed my mother to eke out a”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“This one-two punch—flat incomes and rising expenses—has hit the middle class squarely in the gut. Beginning”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“America could do a lot with the money taxpayers spend to keep afloat people who are working full-time but whose employers don’t pay a living wage. Of”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“More than 70 percent of the American people believe that students should have a chance at a debt-free education. •  Nearly three-quarters of Americans support expanding Social Security. •  Two-thirds of all Americans support raising the federal minimum wage. •  Three-quarters of Americans want the federal government to increase spending on infrastructure.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“The tale of America coming out of the Great Depression and not only surviving but actually transforming itself into an economic giant is the stuff of legend. But the part that gives me goose bumps is what we did with all that wealth: over several generations, our country built the greatest middle class the world had ever known. We built it ourselves, using our own hard work and the tools of government to open up more opportunities for millions of people. We used it all—tax policy, investments in public education, new infrastructure, support for research, rules that protected consumers and investors, antitrust laws—to promote and expand our middle class. The spectacular, shoot-off-the-fireworks fact is that we succeeded.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“But now, in a new century and a different time, that great middle class is on the ropes. All across the country, people are worried—worried and angry. They are angry because they bust their tails and their income barely budges. Angry because their budget is stretched to the breaking point by housing and health care. Angry because the cost of sending their kid to day care or college is out of sight. People are angry because trade deals seem to be building jobs and opportunities for workers in other parts of the world, while leaving abandoned factories here at home. Angry because young people are getting destroyed by student loans, working people are deep in debt, and seniors can’t make their Social Security checks cover their basic living expenses. Angry because we can’t even count on the fundamentals—roads, bridges, safe water, reliable power—from our government. Angry because we’re afraid that our children’s chances for a better life won’t be as good as our own. People are angry, and they are right to be angry. Because this hard-won, ruggedly built, infinitely precious democracy of ours has been hijacked. Today”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“the rich and powerful are always taken care of. This corruption is turning government into a tool of those who have already gathered wealth and influence. This corruption is hollowing out America’s middle class and tearing down our democracy. In”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“this man was even more divisive and dishonest than his presidential campaign revealed.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“we also need to understand how and why our country has gone so thoroughly wrong. We need a plan to put us back on track—and then we need to get to work and make it happen. We need to live our values, to be the kind of nation that invests in opportunity, not just for some of us, but for all of us. We need to take our democracy back from those who would pervert it for their own benefit. We need to build the America of our best dreams.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“we also need to understand how and why our country has gone so thoroughly wrong. We need a plan to put us back on track—and then we need to get to work and make it happen. We”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“If ever there was a time to fight, this was it.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“If you don’t fight, you can’t win.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“I also understood that for more than forty years, workers’ pay hadn’t kept pace with inflation. Productivity had gone up. Profits had gone up. Executives had gotten raises. Couldn’t we at last come together to make sure that the people who did some of the hardest, dirtiest work in the nation got at least a chance to build a little security? And”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“The Republicans were locked in: they would block any efforts to increase the minimum wage by even a few nickels. The”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“Lamar Alexander, the senator from Tennessee and the most senior Republican on the committee, was asking his last questions when a witness interrupted him to point out that Congress was responsible for setting the right level for the minimum wage. Senator Alexander replied that if he could decide, there would be no minimum. No minimum wage at all. Not $15.00. Not $10.00. Not $7.25. Not $5.00. Not $1.00. The comment was delivered quite casually. It wasn’t a grand pronouncement shouted by a crazy, hair-on-fire ideologue. Instead, a longtime U.S. senator stated with calm confidence that if an employer could find someone desperate enough to take a job for fifty cents an hour, then that employer should have the right to pay that wage and not a penny more. He might as well have said that employers could eat cake and the workers could scramble for whatever crumbs fall off the table. For”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“My mother wasn’t much into politics, but I’m sure she would have assumed that fifty years later, the minimum wage would be a lot higher. If it could feed a family of three and pay a mortgage in 1965, surely by now a minimum wage would let a family afford, say, a home and a car—and maybe even a little money for college applications for a skinny daughter. Right? Wrong. Way wrong. Adjusted for inflation, the minimum wage today is lower than it was in 1965—about 24 percent lower.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“It matters whether the government blows tens of billions of dollars on tax loopholes for billionaires or whether that same money is used to lower costs for students who have to borrow money to go to college. It matters whether Wall Street can pocket billions of dollars by cheating people on mortgages and tricking them on credit cards or if there’s a cop on the beat to keep them honest. It matters whether the minimum wage is set so low that a full-time worker still lives in poverty or if minimum wage also means a livable wage. When”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class
“The America of opportunity is under assault. We once ran this country to benefit hardworking people who didn’t have much, to grow a middle class, to create opportunities for our kids. We once held up the ideal that poor kids would get the same chances in life as everyone else. We once believed that opportunity was not a zero-sum game; more for me didn’t have to mean less for you. We once believed that the greatest country on earth could bend our future toward more opportunity for more of our people.”
Elizabeth Warren, This Fight Is Our Fight: The Battle to Save America's Middle Class

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