Asher Edelman, the former Wall Street tycoon who was the model for Gordon “Greed Is Good” Gekko in the 1987 film Wall Street, shocked the financial world earlier this year when he endorsed Democratic presidential candidate Sen. Bernie Sanders. The multi-millionaire explained that when “the average American has not had an increase in pay in over 15 years,” it is terrible for the U.S. economy because businesses need more than the top 1% to keep them afloat—they need a strong, robust middle class.
Edelman’s assertion was not groundbreaking: President Franklin D. Roosevelt […]