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Aug 14

It has never been harder for the poor to strike it rich

Government regulations are increasingly imprisoning the poor in cages from which there is no escape.

An analysis by the Federal Reserve Bank of Cleveland has found that the likelihood of a household rising into the top 10 percent U.S. income bracket from lower brackets has BEEN CUT IN HALF in just the past few years.

New business formation is gradually drying up as government’s regulatory role increases.