Political Quotes

“I ran over and got this chart. I wasn't going to talk about this this evening, but you brought the issue up about where the money has gone and the issue of tax breaks. {time} 2000 This chart begins in 1979, and it shows the basic growth in income. So it starts down here in 1979, and the bottom 20 percent have really seen very, very little growth in their income. The next 20 percent, a little better, and this is the next quartile. These are the 1- percenters. We talked about the 99 percent. This is the 99 percent down here. These are the 1-percenters. These are the people that have seen extraordinary income growth. And it just happens to coincide right here, this income growth has coincided with the Bush tax cuts in the early 2000's. So we've seen this enormous percentage income, almost a 300 percent growth, 277 percent growth in their income, so that you're beginning to see the skewing of wealth in America. This is the annual income. But if you take a look at wealth and you put another chart of wealth here, you'll see something the very same. So the rich get richer and the poor stay where they are, that old song. Here we are. This is a result of multiple effects, but one of the principal ones is tax policy. And if Mr. Ryan's budget passes, as you have suggested, and the top tax rate goes from 39 to 25 percent, then that means that those who already have a lot will get a whole lot more. And I'm reminded of a quote by Mr.…”