Quotes from "Saving Democracy," by Bill Moyer

As great wealth has accumulated at the top, the rest of society has not been benefiting proportionally. In 1960 the gap between the top 20% and the bottom 20% was thirtyfold. Now it is seventy-five fold. Thirty years ago the average annual compensation of the top 100 chief executives in the country was 30 times the pay of the average worker. Today it is 1000 times the pay of the average worker. A recent article in The Financial Times reports on a study by the American economist Robert J. Gordon, who finds “little long-term change in workers’ share of U.S. income over the past half century.” Middle-ranking Americans are being squeezed, he says, because the top ten percent of earners have captured almost half the total income gains in the past four decades and the top one percent have gained the most of all – “more in fact, than all the bottom 50 percent.”
In the words of Louis Brandeis, one of the greatest of our Supreme Court justices: “You can have wealth concentrated in the hands of a few, or democracy, but you cannot have both.”