And there is a limit to what they can consume. What the Senator from Vermont is saying and what I am saying--I want to be very clear, because the Senator and I don't agree on every piece of legislation. He tends to be a little bit more liberal and progressive in his politics than I am, but on this subject we are both equally concerned about the shrinking of the middle class. From my perspective--the Senator may have a different view--I am talking about the broad middle class: incomes of $50,000 to $500,000. In my State, $500,000 of income--not net worth but income--is a huge amount of money. In fact, I brought a graph to show that 84 percent of the households in Louisiana--when I talk about middle class--84 percent of the households in Louisiana make less than $75,000. I said 84 percent. Most people in Louisiana--most--believe they are in the middle class, but 84 percent make below $75,000.
Editor's note · Context
The speaker addresses concerns about the middle class and income levels in Louisiana.
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