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Vice-President Biden called the middle class the “backbone” of America.
We agree. The middle class reconciles and moderates other classes.
Biden is in charge of a task force to get the middle class “up and running again.”
We agree that the middle class is weakening. One indicator: its share of the national income pie fell [...]Assuming that concentration of enterprise and specialization of labor continue to degrade the middle class, what does the future hold?
The first three of five fates:(1)
(1) A quiet, despotic state takes over the role of class reconciliation performed by the middle class. Other than working as bureaucrats, a meaningful middle class does not exist.
(2) [...]Vice President Biden is in charge of a task force to strengthen the middle class.
Last month, he declared in Denver, “The president and I have set a very basic and measurable goal that we’ll be held to…[W]hen middle-class incomes begin to grow, and when people aspiring to the middle class get a shot to become [...]