Tags: America's Forum | Exclusive Interviews | John Hope Bryant | HOPE | poor | economy

Author John Bryant: Poor 'Don't Get Credit' for Driving Economy

Monday, 16 Jun 2014 02:08 PM

By Courtney Coren

The poor and lower classes drive the economy and "don't get credit for it," says John Hope Bryant, founder, chairman, and CEO of Operation HOPE.

"People who make $50,000 a year or less, who are half of the U.S. economy, with too much month at the end of their money, I might add, are driving this economy," Bryant told J.D. Hayworth and Miranda Khan on "America's Forum" on Newsmax TV.

"They take 80 to 90 percent of every dollar and put it back into the economy," he explained.

"The poor and the struggling class and the teetering middle class don't get credit for driving the $17 trillion economy, the largest economy in the world," he said Monday.

Story continues below video.



But the point is not that those in the lower classes remain there, Bryant contends.

"Now we need to shift to the demand side, the opportunity side, the ownership side," he said.

Bryant proposes two approaches for dealing with income inequality.

"The first one is we need to create more entrepreneurs, more small-business owners," he explained.

"The other side of that piece, because not everybody can be an entrepreneur — although everybody needs to have an entrepreneurial mindset to succeed in this world — is the pure issue of income," Bryant added.

He does not think the income problem is solved by raising the minimum wage, but rather with "a living wage that's free-market-inspired."

Related Stories:


© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

CEI's Carrie Sheffield: Govt Suit Against S&P a 'Chilling Precedent'

Friday, 30 Jan 2015 21:27 PM

The government's case against Standard & Poor's over its rating of home mortgage bonds prior to the 2008 financial crisi . . .

FBT's Tom Hutchinson: Recession to Put Us in 'Deeper Hole'

Friday, 30 Jan 2015 20:44 PM

The U.S. economy is in great shape now, but the next recession won't be pretty, Tom Hutchinson, the senior editor of the . . .

Dinesh D'Souza: Romney Had His Chance and I'm Glad He's Out

Friday, 30 Jan 2015 19:01 PM

Conservative author and filmmaker Dinesh D'Souza says former Massachusetts Gov. Mitt Romney made the right choice in dec . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved