While I always appreciate the opportunity to discuss rising income inequality in America, I am especially pleased to be here at the founding of your group. Like a growing number of Americans, you realize that the widening gap between the rich and poor is dangerous for our society. What will make Responsible Wealth significant, is that you are using your positions of influence and your resources to help spread this message and effect change. Fortunately, we have a positive atmosphere in which to address the income gap. Statistics released earlier this week confirm that our economy is thriving.
Unemployment is at record lows, and inflation is under control.
New data even shows infant mortality at an all time low, and many other disease rates dropping. By most accounts, the United States is in pretty good shape. That's why now, more than ever, I feel it is important for Americans to understand the tremendous shift over the past three decades in where income flows in our country. Three or four years ago, when income inequality was hitting one of its highest points in American history, editorialists, pundits, and the mainstream media were all highlighting the growing income gap. In the past few years, however, inequality has been slightly reduced from its historic high in 1993.