Who Or What Killed The Middle Class?

The Middle Class has been disappearing for decades but what or who is to blame?

Easy answer….Reagan or better yet Reaganomics…..

It death spiral began with Reagan’s dash to slice taxes on the rich and it has continued ever since……

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation’s middle class.

Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, “middle” class of professionals and mercantilists – doctor, lawyers, shop-owners – who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people – typically over 90 percent of the population – who make up the working poor. They have no wealth – in fact they’re typically in debt most of their lives – and can barely survive on what little money they make.

Source: Reaganomics killed America’s middle class – Salon.com

The Dems have taken up the mantle of the Middle Class and so far they have failed miserably……but yet they keep trying the same failed policies that they have come to champion…..and there is NO end in sight…..

The Democrats don’t have a “white working-class problem.” They have a “working-class problem,” which progressives have been reluctant to address honestly or boldly. The fact is that Democrats have lost support with all working-class voters across the electorate, including the Rising American Electorate of minorities, unmarried women, and millennials. This decline contributed mightily to the Democrats’ losses in the states and Congress and to the election of Donald Trump.

Source: The Democrats’ ‘Working-Class Problem’ Is Worse Than We Think | Alternet

There is a slight chance that this situation can be reversed…..but the Dems are playing the same cards as they always play…..and they lose.

Sadly we are seeing the final days of the Middle Class….and few seem to care.

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7 thoughts on “Who Or What Killed The Middle Class?

  1. Over here, we had a burgeoning middle class during the Tony Blair years. But they were not really the Middle Class, they just thought they were, and named themselves such. The British Class system knows everyone’s place, and even if you have lots of money, you still don’t get ‘class’.
    Best wishes, Pete.

      1. I think some Americans have always hankered after their own ‘Aristocracy’, chuq. They assign it to celebrities instead…

  2. Somehow, you have come upon a much deeper subject than I think you knew; this ‘problem’, the more I thought about it, touches upon the very base of human nature, and our inability to come up with a viable set of cultural standards that are suitable for all, is a natural result of our inability to understand that nature; in the case of the human species, we even deny that nature.

    I’ve spoken before of how I have come to understand the three basic concepts upon which our attempts at civilization in the past 5000 years have been founded, to wit, Money (capitalism), Religion (belief in supernatural powers), and Government, (political activity). All are attempts to make sense of a universe in which we fail to comprehend all we see, according to our nature, and its connection to all the other parts of the universe. Because we do not fully understand ourselves, our attempts tend to fail, as they do not reflect the true nature of universal laws, of which we are sadly unaware.

    All three of these concepts lead to thinking in hierarchies; one thing must be more important than another in order for them to function. But, nature has no hierarchies built in to it, so, our attempts to make reality fit our imagination can never work in that reality, which is ‘just the way it is’, and requires no alteration.

    This is a short exposition, but, if you follow the train of thought to its most logical conclusions, it becomes apparent we humans need to figure out something different to try, for all our attempts are flawed from the outset, and will never work no matter how much we try to reform them to do so….We have forgotten all our species once knew, it seems, if the evidence is correctly understood; perhaps we need to look inside, rather than outside ourselves….

    gigoid, the dubious

    😎

    1. That is the hardest thing for us mere mortals to do…look inside ourselves…it is much easier to blame outside influences that it is ourselves. chuq

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