Hillary Clinton denounces income inequality in populist speech [View all]

[pnwmom]

Last edited Wed Sep 17, 2014, 04:13 PM - Edit history (1)

05/16/14 02:54 PM—UPDATED 05/16/14 07:43 PM

SNIP

“The dream of upward mobility that made this country a model for the world feels further and further out of reach and many Americans understandably feel frustrated, even angry,” Clinton said.

Clinton told the audience that middle class incomes had stagnated over the last decade even as the average worker’s productivity had increased significantly in the same period. She pointed to studies that showed 4 out of 10 children born into the lowest rung on the economic ladder remained there as adults.

“And where is it all going?” Clinton asked. “Economists have documented how the share of income and wealth going to those at the very top, not just the top 1 percent but the top 0.1 percent, the 0.01 percent of the population, has risen sharply over the last generation,” she said. “Some are calling it a throwback to the Gilded Age of the robber barons.”

SNIP

“As Secretary of State I saw the way extreme inequality has corrupted other societies, hobbled growth and left entire generations alienated and unmoored,” she said.

http://www.msnbc.com/msnbc/hillary-clinton-goes-populist