Former President Jimmy Carter said Monday that the income gap in the United States has increased to the point where members of the middle class resemble the Americans who lived in poverty when he occupied the White House. "The disparity between rich people and poor people in America has increased dramatically since when we started," he said. "The middle class has become more like poor people than they were 30 years ago. So I don't think it's getting any better." Years of tax breaks for the wealthy, a minimum wage untethered from the inflation rate and electoral districts drawn to maximize political polarization have reduced the quality of life for all but a small fraction of Americans and imperiled the nation's standing as "a real superpower," he said.
Breaking from Newsmax.com
http://www.moneynews.com/StreetTalk/Jimmy-...
Posted By: Jen Fad
Tuesday, October 8th 2013 at 3:50PM
You can also
click
here to view all posts by this author...
