http://www.presidency.ucsb.edu/ws/index.php?pid=14312This is my favorite part:
For a long time I have been wondering how any intelligent people could talk such nonsense. What could they possibly mean?
Now I think I've found the answers. It's all in the study just completed by a fellow Pennsylvanian of yours, Prof. Simon Kuznets of the University of Pennsylvania, who has put together some of the most revealing statistics I have ever seen.
Professor Kuznets found that in the 20 years between 1929 and 1948 the incomes of the bottom 99 percent of the population have more than doubled.
Then Professor Kuznets found that the richest 1 percent of the population didn't do nearly so well--their incomes rose by only 8 percent.
But here's the real point. In 1929 there were 513 individuals with incomes of over a million dollars a year. In 1948 there were only 149 people who made more than a million dollars.
That's what the Republicans mean when they say a man can't get ahead in the world any more. The 99 percent of the population may have doubled their income, but we lost 364 millionaires. What's the use of working--a man can't even make a measly million dollars any more ! Give 'em hell, Harry. :)