Our Phantom Middle Class

12-27-2020 • https://www.zerohedge.com by Charles Hugh Smith

Of the many things we cannot bring ourselves to admit, one of the most consequential is that our vaunted middle class is illusory, a phantom of our imagination rather than a reality. The reality is the vast majority of the nation's wealth and income has been diverted from the middle class to those at the pinnacle of the wealth-power pyramid and the technocrat / financier insider class (the top 10%) that serves the interests of those at the pinnacle.

This transfer has accelerated rapidly in the 21st century as virtually all the real income gains of the past 20 years have flowed to the top 0.1%. This RAND study found that America's elites siphoned $50 trillion into their own pockets in the past two generations: Trends in Income From 1975 to 2018.

2 Comments in Response to Our Phantom Middle Class

Comment by origamistudio

Entered on: 1/4/2021 5:19:24 AM

At Origami Studios, we assign a dedicated team of UI Experts to focus on designing interfaces that are not only visually stunning but also easy to use. Pixel-perfect interfaces with vibrant colors are used to blend with your corporate branding, portraying an impressive first impression to the end-users. Our UI designers ensure user-engagement in the entire user journey to improve conversion goals. https://origamistudios.us/ui-design/

Comment by PureTrust

Entered on: 12/27/2020 10:00:32 PM

Help us find the proper government or other form, and the place to send it to once we have filled it out? What's the form for? When you took a loan out at the bank (any/every loan), you signed a promissory note (or something similar). By doing this, you turned the note into private money that the bank swapped public money (cash or bank check) with you for. There was no loan, or if there was, you prepaid it with your signed promissory note, or else you loaned money (your promissory note) to the bank. Then, as you paid the money back over the years, you enriched the bank for nothing. All you need do is request it back in the right way. Help us find the right way, the right form, the right way to fill it out, the right place to send it. https://duckduckgo.com/?t=ffab&q=Tom+Schauf+bank+freedom&ia=web

Make a Comment (2) • Email Link • Send Letter to Editor