Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

In reply to the discussion: What middle class? [View all]

angrychair

(8,854 posts)
4. Absolutely not
Thu Jan 3, 2019, 04:27 PM
Jan 2019

Last edited Thu Jan 3, 2019, 05:00 PM - Edit history (1)

My intent is to absolve us of the misconception that there is a “middle class” in any conventional sense of the word.
Conventional sense being that of the post WWII middle class economy which is the idealistic standard of the middle class.

No such thing exist today and hasn’t for many years. It’s a myth.

Like many other problems people experience in their life, unless you acknowledge you actually have one, you can do nothing to fix it.

Most ideals of “middle class” is $50,000. Over 40% of income earners make less than that.

Just 4% of the population, 13 million people, hold roughly 52% of our nation’s wealth.
More shocking than that is barely 1% of population, 3.2 million, holds 42% of the nation’s wealth.

“Middle class” is a myth. It doesn’t exist. Unless we figure out a way to rebalance our economy and restore our middle class, sooner rather than later, it will collapse like a house of cards. Serfdom and work camps will be less dystopian fantasy and more dystopian reality.

What middle class? [View all] angrychair Jan 2019 OP
Is your point here to attack Warren? nolabear Jan 2019 #1
Absolutely not angrychair Jan 2019 #4
This message was self-deleted by its author In_The_Wind Jan 2019 #2
Factually incorrect SCantiGOP Jan 2019 #3
I'll restate it angrychair Jan 2019 #5
Sorry if my post sounded like an attack SCantiGOP Jan 2019 #6
No, it's fine angrychair Jan 2019 #7
Latest Discussions»General Discussion»What middle class?»Reply #4