A period where among other things we were enjoying some of the greatest equality of income in our history was in 1967. Between World War II and 1977, the income share of the richest dropped from 14% of total income to just under 8%. By 2007, the richest share of total income had doubled. So that's a fundamental shift in our economy, and consequently in our society. How important is that income gap between 1967 and today to the pickup we're trying to create around the 150th?
On November 3rd, 2011. See this statement in context.