Idea: middle class as a beneficiary political class is a bad idea, but the middle class as an engine of economic vitality is worth something
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why should the middle class provide economic vitality if it's not a beneficiary?
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the loop is macroeconomic, not at the level of individual conscious rational choice...
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Without a middle class, societies revert to feudalism
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True if credit restrictions could apply so M.C. avoids temptation of signaling wealth via debt.
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Mid-century US middle class was so economically powerful because non-US factory towns were rubble & FHA/GI Bill benefits let them work.
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