Bill Delahunt: “Give me just a minute. Back in 1991, the top 1 percent of the American people, the population, top 1 percent, owned 38…”

“Give me just a minute. Back in 1991, the top 1 percent of the American people, the population, top 1 percent, owned 38 percent of the corporate wealth in this country. One percent in 1991 owned 38 percent of the corporate wealth in this country. {time} 2115 Today, today, the top 1 percent of the American population in terms of wealth owns 58 percent of the corporate wealth. Let me suggest it is more than just an economic policy that is creating this economic divide in this country that is truly making us a class society that is dangerous for democracy. It is more than that. It has, I would submit, no moral underpinning. There is no basis in morality for this level of disparity of wealth and income among Americans. This is economic Darwinism. This is, as you said so eloquently, Mr. Ryan, not what America is about. This doesn't reflect the social compact that we all adhere to as Americans, where we encourage individual initiative, but at the same time, recognize mutual responsibilities and a willingness to share. This is not sharing. This is just, I don't want to use the word ``immoral,'' but it doesn't have, I would suggest, the kind of moral underpinning that reflects American values.”