Today, while hundreds of thousands of bright young people cannot afford to go to college and millions are struggling with high levels of student debt, the top 1 percent owns more wealth than the bottom 92 percent. Today, while CEOs of major corporations make over 300 times what their average workers earn, thousands of veterans sleep out on the street and 20 percent of senior citizens are trying to survive on a paltry $13,500 income or less. For 40 years, under Democratic and Republican administrations, we have seen a massive redistribution of wealth and income from the working class of this country to the top one percent. In fact, if the distribution of income remained what it was 40 years ago the average household in America would have about $11,000 more in income today. Do you want to know why the American people are angry? Today, despite an explosion in technology and worker productivity, the average worker has seen his/her income go up by just 5 cents an hour over the last 43 years after adjusting for inflation. And, if we don’t turn the economy around, economists predict that the younger generation will have an even a lower standard of living than their parents. This is not acceptable to me. We need an economy that expands the middle class and reduces poverty and not one that makes the very rich much richer.

Are we happy that 99% of all new income is going to the top 1%? Are we happy that one family in this country owns more than the bottom 130 million people?

There is no justice, and I want you to hear this clearly, when the top one-tenth of 1 percent -- not 1 percent, the top one-tenth of 1 percent -- today in America owns almost as much wealth as the bottom 90 percent. And in your hearts, you will have to determine the morality of that, and the justice of that.

One percent of the nation owns a third of the wealth. The rest of the wealth is distributed in such a way as to turn those in the 99 percent against one another: small property owners against the propertyless, black against white, native-born against foreign-born, intellectuals and professionals against the uneducated and the unskilled. These groups have resented one another and warred against one another with such vehemence and violence as to obscure their common position as sharers of leftovers in a very wealthy country (w:Divide & rule).

Today, the richest 1 percent own half the world’s wealth. Even more alarmingly, the richest one hundred people together own more than the poorest four billion.

All of these social ills come out of a small group of people... literally just a few thousand people in the United States or a few thousand families in the US owning something like 70 -80 percent of the entire wealth of the country. Three guys owning 50% of the wealth of the entire country... Wealth inequality in the US is worse than it's ever been, even worse than it was in 1929 which brought about the great crash...I think it's a mental illness... these guys have obsessive compulsive disorder, they're hoarders."

In America today, we have more wealth and income inequality than any other major country on Earth and it is worse now than at any other time since the 1920s. Unbelievably, while millions of American workers are forced to work two or three jobs to pay the bills and over half of our people live paycheck to paycheck, the three wealthiest families in our country now own more wealth than the bottom half of Americans – 160 million people.

The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.

The top 1 percent have accrued 52 percent of the real income growth in America since 2009.

In the last thirty years, there has been a massive redistribution of wealth. Unfortunately, it's gone in the wrong direction. ... All that money that has gone from the middle class to the top 1%, I think it should start coming back to the people who need it the most.

When the world’s richest 1% own as much as the poorest 50%, we have a problem.

Today 21% of [total] annual income goes to 1% of households. ...That cannot be the basis of a good democracy.

When 1% of the population owns more wealth than the bottom 90%, the last people you should be asking for economic advice are the people who created that situation.

Let's do something that the media doesn't do. Let's talk about the reality of American life. Why is it that, over the last 45 years, despite the huge increase in productivity and technology, the average worker today is not making a nickel more in real dollars? Why is it that, over the last 30 years, the richest 1 percent have seen a $21 trillion increase in their wealth; the bottom half of America, a $900 billion decline in their wealth? Why is that we are the only major country on Earth not to guarantee health care to all people as a human right? Why are we the only major country not to have paid medical and family leave? Why do we give tax breaks to billionaires when half a million people are homeless today? And it comes down to something, Jake, we don't talk about, the power structure in America. Who has the power? And I'll tell you who has the power. It's the people who contribute money, the billionaires who contribute money to political campaigns, who control the legislative agenda. Those people have the power. And if you want to make real changes in this country; if you want to create an economy that works for all, not just the few; if you want to guarantee quality health care to all, not make $100 billion in profit for the health care industry, you know what you need? You need to take on Wall Street; you need to take on the drug companies and the insurance companies and the fossil fuel industry. You don't take campaign contributions from them. You take them on and create an economy that works for all.