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Exactly! If we the entirety of the middle class disappeared and reappeared in the upper class, how would that be damaging to the country? If every member had no
by will_pseudonym 11y ago
Exactly! If we the entirety of the middle class disappeared and reappeared in the upper class, how would that be damaging to the country? If every member had no change or an increase to their income, it seems insane that that could have anything but a positive effect for the economy.
- AnimalMuppet 11y agoIt's very important (for fairness, and for social stability) that the lower class have at least a somewhat realistic possibility of crossing the gap into middle class. If they have to jump all the way to upper class, does that mean that they're more likely to be trapped in lower class? That's a bad outcome for them. (It's fine for the middle class, of course.)
- refurb 11y agoYes, but this data tells us nothing about mobility. People move from class to class all the time.
- smalldataguy 11y agoI'm not 100%, but pretty sure that the largest predictive factor of any US citizens wealth... is the wealth of their parents.