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Thursday, February 14, 2013

US wealth inequality and what it means to you and me



"If you look back over the past 100 years, there were two peak years in which the top 1%, the richest 1%, took home more than 23-1/2% of total income in this country.

The two peak years for that to occur were 1928 and 2007.


Does that suggest anything to you?"

--Robert Reich,  political economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter and was Secretary of Labor under President Bill Clinton from 1993 to 1997.

Link to full video here:  Robert Reich: Economy, Inequality and Obama's Second Term

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