Warren Buffett describes the American nightmare in which full-time workers remain financially strained despite years of hard work. The issue isn't laziness; it affects those who juggle multiple jobs and still struggle financially. Buffett advocates for the earned income tax credit (EITC) as a solution to boost the paychecks of low- and middle-income individuals through the tax system, which data supports as lifting millions out of poverty without harming jobs or small businesses. The wealth gap persists, with the bottom half of Americans owning only 2.5% of the nation's wealth. Follow Benzinga for more insights on financial disparities.
