Burgess Owens: “I will read from the editorial a few excerpts that I did not have a chance to cover before. The New York Times is not a…”

“I will read from the editorial a few excerpts that I did not have a chance to cover before. The New York Times is not a radical publication. The New York Times editorial says the following: ``After years of little change, inequality exploded in America starting in the 1970's. According to Prof. Edward Wolff of New York University, three-quarters of the income gains during the 1980's and 100 percent of the increased wealth went to the top 20 percent of the families.'' In America, the top 20 percent got three-quarters of all the income gains. The 80 percent on the bottom, 8 out of 10, shared the rest. I continue the quote from the New York Times: ``The richest 1 percent of households control about 40 percent of the nation's wealth.'' One percent versus 99 percent. The other 99 percent take the rest. ``. . . 1 percent control 40 percent of the nation's wealth--twice as much as the figure in Britain, which has the greatest inequality in Western Europe.'' In Britain, which used to have the greatest inequality between the rich and the poor, now we have twice as much inequality in the New World, in America. We fought the British, we got rid of that system, that privilege and wealth. Now we have twice as much inequality as Britain. ``In Germany,'' and I am quoting from the New York Times editorial, ``High-wage families earn about 2.5 times as much as low-wage workers,'' 2.5 times. The number in Germany has been falling.…”