Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The upper middle class is well and truly doomed by self-delusion and the pathology of entitlement.
Two recent articles describe America's entitled (and doomed) upper middle class: the top 5% of households with incomes above $206,500 annually and individuals with incomes of $160,000 or higher annually. (source: Historical Income Tables: Households Census.gov)
Millennials have now overtaken baby boomers as America's largest living generation according to Pew Research. Millennials as defined by Pew as ages 18-34 now number 75.4 million, slightly edging out Baby Boomers (ages 51-69) numbering 74.9 million.
Millennials also have a few other things going for them, however not in a good way.
As the WSJ reports, Millennials in New York City are earning about 20% less than the previous generation of workers, and they are absolutely drowning in $14 billion in debt.
T.A. Frank writes that if Trump becomes the GOP nominee, the One Percent is going to flock to the Democrats. Excerpts:
Forget about ISIS – the real threat of World War 3 won’t begin on the battleground using conventional military equipment, but rather it will start in cyberspace, according to former member of the United States House of Representatives, Allen West. Townhall.com reports: Tuesday the 26th of April is recognized as World Intellectual Property (IP) Day. According to the Global Intellectual Property Center (GIPC) at the U.S.
Submitted by John Whitehead via The Rutherford Institute,
“You had to live - did live, from habit that became instinct - in the assumption that every sound you made was overheard, and, except in darkness, every movement scrutinized.”—George Orwell, 1984
In past ages, those who dared to speak out against tyranny - viewed as an act of treason - were blinded, castrated, disfigured, mutilated, rendered mute by having their tongues cut out of their heads, and ultimately crucified.