"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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