The New Proletariat

Interesting piece in the Financial Times about what is happening to middle-class Americans and their aspirations.  Here.  Incomes are flat and most feel that their children will not do as well as they have.  The price of an education has climbed out of the reach of most.

Then we have David Stockman (former enfant terrible of the Reagan Administration) who says flat out that Republicans and their article of faith that taxes should be cut no matter what, also known as ‘starve the beast’.  Here.

So, what’s a proletariat to do?  Begin by voting in their best interests: ignore the culture wars and stop worrying about whether an immigrant will take away jobs.

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