Robert Lighthizer
đ€ PersonAppearances Over Time
Podcast Appearances
And another aspect of it is we have seen not only our workers been treated very badly, but the distribution of wealth in America has gone just like this. It's one of the great things about America for me, particularly growing up, but I mean, even you, you're younger, was this notion that we're all middle class. Now, we weren't always really, but we thought of ourselves.
The very, very rich wouldâyou know, they were them, and nobody cared about them. And then the very, very poorâ There weren't very many. Sorry forâbut mostâyou know, 80 percent of us thought we're middle class. And I went to Catholic schools, and we had people withâand nobody that was really rich, because Asheville, Ohio, butâ
The very, very rich wouldâyou know, they were them, and nobody cared about them. And then the very, very poorâ There weren't very many. Sorry forâbut mostâyou know, 80 percent of us thought we're middle class. And I went to Catholic schools, and we had people withâand nobody that was really rich, because Asheville, Ohio, butâ
The very, very rich wouldâyou know, they were them, and nobody cared about them. And then the very, very poorâ There weren't very many. Sorry forâbut mostâyou know, 80 percent of us thought we're middle class. And I went to Catholic schools, and we had people withâand nobody that was really rich, because Asheville, Ohio, butâ
But there were people who were relatively well-off, people who weren't, and there wasn't any big difference.
But there were people who were relatively well-off, people who weren't, and there wasn't any big difference.
But there were people who were relatively well-off, people who weren't, and there wasn't any big difference.
They all ate at Denny's. They all went to the same clubs. They all played Little League together. They all thought of themselves as having about the same chance of success. Which is an important point. Now what we have for the first time in American history, the top 1% has more wealth than the middle 60%. It's never happened before.
They all ate at Denny's. They all went to the same clubs. They all played Little League together. They all thought of themselves as having about the same chance of success. Which is an important point. Now what we have for the first time in American history, the top 1% has more wealth than the middle 60%. It's never happened before.
They all ate at Denny's. They all went to the same clubs. They all played Little League together. They all thought of themselves as having about the same chance of success. Which is an important point. Now what we have for the first time in American history, the top 1% has more wealth than the middle 60%. It's never happened before.
We find kind of combining these thoughts, and we get this from Angus Deaton, we find for the first time starting in 2000 when this explosion took place in hyperglobalization, we find that American children can no longer expect to live longer than and be richer than their parents. That was what we all thought. We're going to be better off than our parents and we're going to live longer.
We find kind of combining these thoughts, and we get this from Angus Deaton, we find for the first time starting in 2000 when this explosion took place in hyperglobalization, we find that American children can no longer expect to live longer than and be richer than their parents. That was what we all thought. We're going to be better off than our parents and we're going to live longer.
We find kind of combining these thoughts, and we get this from Angus Deaton, we find for the first time starting in 2000 when this explosion took place in hyperglobalization, we find that American children can no longer expect to live longer than and be richer than their parents. That was what we all thought. We're going to be better off than our parents and we're going to live longer.
That is no longer true. And I could go through one data point after another. If you look when I was in high school â The top 1% had about 30 times as much wealth as the person in the middle. Now it's 72 times as much wealth.
That is no longer true. And I could go through one data point after another. If you look when I was in high school â The top 1% had about 30 times as much wealth as the person in the middle. Now it's 72 times as much wealth.
That is no longer true. And I could go through one data point after another. If you look when I was in high school â The top 1% had about 30 times as much wealth as the person in the middle. Now it's 72 times as much wealth.
Absolutely no question. That's what happens in other countries. Absolutely no question. We have this sense that we're immune. I don't agree with that. And this... These crises that I've talked about, this transfer of wealth, the technology, the slow economic growth, but mostly the effect on our working people. That is why Reagan was elected, very beginning of this. And we can talk history of that.
Absolutely no question. That's what happens in other countries. Absolutely no question. We have this sense that we're immune. I don't agree with that. And this... These crises that I've talked about, this transfer of wealth, the technology, the slow economic growth, but mostly the effect on our working people. That is why Reagan was elected, very beginning of this. And we can talk history of that.
Absolutely no question. That's what happens in other countries. Absolutely no question. We have this sense that we're immune. I don't agree with that. And this... These crises that I've talked about, this transfer of wealth, the technology, the slow economic growth, but mostly the effect on our working people. That is why Reagan was elected, very beginning of this. And we can talk history of that.
And it absolutely is why Donald Trump was elected president. Reagan had these so-called Reagan Democrats that we all remember that. That was the beginning of those people because that was when we sort of reached the peak. By the time we got to the 2000s, these people were a movement, this populist movement, and they are the reason that Donald Trump is where he is. And to his creditâ