In our country today, we are moving rapidly toward an oligarchic form of society... a very small number of incredibly wealthy and powerful people who are significantly increasing their power over both our economic and political systems.
The very wealthiest people are doing phenomenally. Meanwhile working people all over this country are struggling.
Sanders noted that on a recent trip to Los Angeles he witnessed large numbers of people 'sleeping out on the streets,' and he spoke to residents who say they are 'paying 50, 60, 70 percent of their limited incomes on housing.'
Sanders quoted Federal Reserve statistics showing $50 trillion in wealth has been redistributed from the bottom 90 percent to the top 1 percent over the past 50 years.
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