3 ms·
Blanket forgiveness has a much higher likelihood of being accepted. Means testing is a great way to kill programs. Also 75th percentile income is only $88k wh
by lamontcg 3y ago
Blanket forgiveness has a much higher likelihood of being accepted. Means testing is a great way to kill programs.
Also 75th percentile income is only $88k which is certainly not upper middle class wages these days, and that is right around where the distribution of money/household gets a bit fatter. "Middle class" isn't really 50th percentile any more these days.
- sanderjd 3y agoI agree, but that political calculus doesn't impact my personal assessment of whether I think it's a good policy. > "Middle class" isn't really 50th percentile any more these days. I don't get it, why not? It does seem to be true that everyone from like the 25th to the 95th percentile thinks they are "middle class". But I don't buy it.
- lamontcg 3y agoBecause of the Gini index and rising wealth and income inequality. Although 95th percentilers do all like to claim they have middle class values and were all self-made millionaires. Doesn't change the fact that the middle class is getting hollowed out.
- sanderjd 3y agoI'm struggling a bit to put two and two together here. Maybe it would help if you could tell me what you think "middle class" should mean. And I think because it has come up in this thread as well, also where "upper middle class" is. I think the obvious thing to do is to define it by income percentiles, but you don't seem happy with that (or maybe you just disagree on what the floor and ceiling of the percentiles should be?), and I'm open to the idea that something else matters more.