"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."