CA will eventually be a land of wealthy business owners, wealthy retirees and their low wage Hispanic servants.
CA does not want middle class Americans.
Yes.
I see America — throughout most of its history — as a nation for the middle class. Yeoman farmers at the start, then small business owners. The business of America is business. The American Dream is to own a home and eventually retire with some decent level of savings.
But we are heading for a Medieval world of Lords and Peasants. California seems to be leading the way on this. No room for the middle class — those people think too much.
Yes, eventually that could certainly happen but not now.
“The incomes of middle class Americans rose last year to the highest level ever recorded by the Census Bureau, as poverty declined and the scars of the past decade’s Great Recession seemed to finally fade.
Median household income rose to $59,039 in 2016, a 3.2 percent increase from the previous year and the second consecutive year of healthy gains, the Census Bureau reported Tuesday. The nation’s poverty rate fell to 12.7 percent, returning nearly to what it was in 2007 before a financial crisis and deep recession walloped workers in ways that were still felt years later.”
2016 Median Household Income in California was $66,637.