So we had this era 100 years ago called the Gilded Age that looked a lot like this era. A handful of people with enormous power. A lot of people left with the scraps. Well, The country decided that it couldn't sustain under that order [of the Gilded Age]. And so it, along with government and governmental leaders, decided that they were going to pass child labor laws, decided that they were going to pass an income tax, decided that they were all going to join these service clubs en masse. (53:28–53:34)
CLAIM
Claims the U.S. historically rejected the Gilded Age's wealth concentration.
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