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James Talarico: “Billionaires are becoming trillionaires while the people who…”

Featuring: James Talarico, Democratic | Texas House of Representatives, District 50

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A New American Dream: James Talarico's Full Policy Address

Published | Video Starts at 10:55

But that's not what we have right now. Today we have an economy that rewards wealth instead of work. You can't tell me that the market is working as it should when Billionaires are becoming trillionaires while the people who actually do all the work can't afford the basics. Adam Smith. Adam Smith is rolling over in his grave. This is not capitalism. This is crony capitalism. As Dr. King said, we have socialism for the rich and rugged individualism for the poor. (10:55–11:02)

CLAIM

Asserts that billionaires are increasing their wealth significantly while workers struggle to afford basic needs.

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