New Jersey senator and 2020 presidential candidate Cory Booker sat down with CNBC's John Harwood in a Des Moines coffee shop to discuss his ideas for expanding the reach of American prosperity.
: You've got aggressive plans for baby bonds, designed to close the racial wealth gap, and also rental subsidies. They'd cost about two trillion dollars over 10 years. Do you think that you need to pay for that? That's more than you could get by just rolling back the Bush tax cuts. Or do you subscribe to the idea that some Democrats have, which is they didn't pay for their tax cut, we don't need to pay for our stuff either. Deficits are overrated.
What we were talking about before with Jamie Dimon. I had this conversation with him, where I went at him. The New York Times did this great article: a janitor that worked for Kodak, versus a janitor that works for Apple. The janitor who worked for Kodak actually worked for Kodak, got the benefits, they got tuition assistance programs, retirement benefits, had dignity. They followed this woman in that article, that worked up to middle management - a great American story.
This is a time where we, all of us, have to say, "How can we be falling into tribalism as a nation, when our very ideal is to put more indivisible in this one nation under God?" Tribalism is fear-based, zero sum gain, us against them. That's actually not how markets work. Markets say that if you're doing better, it's going to have a multiplier effect and help me do better as well. We have to get back to a country that has these ideals of that beloved community.
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