[Congressional Record (Bound Edition), Volume 154 (2008), Part 16]
[House]
[Page 22682]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 INDUSTRIAL CAPITALISM BEING DESTROYED

  (Mr. KUCINICH asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. KUCINICH. Mr. Speaker, industrial capitalism can finally be 
destroyed as we finish hollowing out our economy by substituting casino 
socialism, where the only real product is debt, where hard work in 
shaping raw materials into a product for a profit becomes ``so 
yesterday'' and we lead Americans to the gaming tables. Work becomes 
denigrated and wagering becomes the road to wealth.
  As Steve Zarlenga of the American Monetary Institute observed, ``You 
only have to make a fortune once.'' The top hedge manager in 2006 made 
$1.7 billion, and in 2007 some $3.7 billion. Both paid a lower tax rate 
for much of their earnings than people who clean the bedpans of the 
sick. And, of course, with that nasty ``death tax'' under attack by 
working families because almost 5 out of every 1,000 Americans pay it, 
that wealth can go on forever, just like the landed families of England 
and America maintain their economic status for hundreds of years.
  Precious money needed to bring national health care, 
reindustrialization of America, the repair of our infrastructure and 
wider available of quality education becomes secondary to keeping this 
artificial real estate bubble going. Speculators are winning, and this 
is the system we are saving.

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