"When most people see the word "radical," they think that it must refer to something left wing. Some people also may think of it as referring to far right-wing marginal groups. But here we have a president of the United States [George W. Bush] at the center of power, sitting in the White House, who is a radical."

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For the three decades after WWII, incomes grew at about 3 percent a year for people up and down the income ladder, but since then most income growth has occurred among the top quintile. And among that group, most of the income growth has occurred among the top 5 percent. The pattern repeats itself all the way up. Most of the growth among the top 5 percent has been among the top 1 percent, and most of the growth among that group has been among the top one-tenth of one percent.

— Robert H. Frank