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He cited data showing that the United States now had the second-lowest level of intergenerational income mobility in the world, after England.
“If we lose this truly American thing — that you can become anything if you just work at it — then you’re really going to lose what makes America America,” he said. “It already appears that it will take a tremendous amount of time for people to bring their families out of poverty and for the wealthy to fall from the advantages they have.”
