And you get tax policies, regulatory policies that stifle innovation and let the big get stronger. Here's another look at America and why half of America is broke. This is the savings rates. From 1950 to 1974, [savings rate] was 11.4%. From 75 to 99, it was 9.1% in 2000. Today it's only 5.2%. But that's all mass because that's largely driven by the top 10%. You look at the bottom 50%, zero savings. (04:39–04:44)
CLAIM
Asserts that the U.S. savings rate was 11.4% from 1950 to 1974.
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