We need to just do away with the “middle class”. It is a relic of an idea anyway and went away with the idea of the American Dream. Either you are Rich or you are Poor. Let’s argue about where to draw that line.
(sarc)
Actually methinks we DO need to argue about where to draw that line. There’s much banter about “the poor” and “income disparity” and “rich 1%” et al, but none are quantitatively evaluated and the real-world implementation of those divisions are quite different from sociopolitical banter about them. “The poverty line” is some 20x world median income; if you’re making twenty times middle income on the planet, you’re not “poor”. “Income disparity” is closely correlated with “productivity disparity”; if your work keeps a thousand people employed with living wages, heck yeah your income is and should be much higher than someone who can’t earn their own survival wage. Yes there’s a “rich 1%” - that will exist by definition!
(Pardon the tangent. Seemed a good launch point for a rant.)
It’s where it’s going. A middle American work force dependent on government, making declining wages with decimated benefits and retirement pensions, all while most of the wealthy just become wealthier and government larger and more controlling.
That quickly needs to be reversed.