But "unprecedented prosperity for these 207 Americans" does not necessarily mean national prosperity, argues the New York Evening World:
"The fact that a fraction of 1 per cent. pays 95 per cent. of the income tax is startling enough. This means that a fraction of 1 per cent. makes the greater part of the profits, and that does not indicate a healthy prosperity for the nation.
"Nor does the fact that 82 per cent. do not make enough to pay any income tax, mean national prosperity."
Source: Literary Digest, April 16th.
1927.
http://www.1920-30.com/business/millionaires.html
The more things change, the more they stay the same. Demagogues will always cavil at some people making very large amounts of money.