Billionaire Charles Koch said Wednesday that the federal government is widening the gap between America’s rich and poor.

“For most of this nation’s history, our country has been characterized by opportunity, upward mobility and personal freedom,” he wrote in an op-ed for Time.

“But today, America is hurtling headlong in the opposite direction, away from a free society and towards a two-tiered society,” Koch said. “Consequently, our country is increasingly divided between the ‘haves’ and the ‘have-nots.’

“As the gulf between the two gets larger, we are creating a permanent underclass while doling out welfare for the wealthy,” he added.

Koch argued that a mix of overregulation and crony capitalism is stifling economic opportunities for everyday Americans.

Read the article “Billionaire Charles Koch: Government is Doling Out Welfare for The Wealthy, and It Needs to Stop” on thehill.com.