American economy growth

According to former US Secretary of Labor Robert Reich, between 1956 and 1974, the American economy grew faster than it?s grown since, because the nation was creating the largest middle class in history. The overall size of the economy doubled, as did the earnings of almost everyone. CEOs rarely took home more than 40 times the average worker?s wage. At that time, the tax rate for the wealthy was never below 70% and sometimes as high as 91%. Now, CEOs make 300 times the earnings of average workers as 95% of all gains go to the top 1%, the middle and working classes haven?t had an increase in over 30 years, and the economy is stagnant. America?s richest seem to prefer a low tide and bigger yachts.? Assess this viewpoint.
I need 125o words not 1100 words.

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