00:00Warren Buffett calls it the American nightmare, working full-time and still broke.
00:04Even after decades of hard work, millions of Americans can't catch a break.
00:08One flat tire, one ER bill, and it all falls apart.
00:12Buffett said this isn't about people slacking off.
00:14It's the parents juggling two jobs, the folks doing everything right and still falling behind.
00:19His solution? Not just higher wages.
00:21The earned income tax credit, boosting low- and middle-income paychecks through the tax system.
00:25The data backs him up. A strong EITC can lift millions above the poverty line without killing jobs or burdening small businesses.
00:32The wealth gap has only gotten wider.
00:34Today, the bottom half of Americans hold just 2.5% of the country's wealth.
00:39Buffett called the imbalance way out of whack a decade ago.
00:42It still is.
00:43Follow Benzinga for more stories on money, power, and the people stuck in the middle of it.
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