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Redefining The Middle Class: It Isn't What You Earn & Owe, It's What You Own That Matters

Redefining The Middle Class: It Isn't What You Earn & Owe, It's What You Own That Matters

Authored by Charles Hugh-Smith via OfTwoMinds blog,

No wonder the "middle class" has lost political power - it has lost the economic power of the ownership of productive assets.

Longtime correspondent Mark G. observed that the key phrase in yesterday's excellent commentary by correspondent Ron G. is property-owning middle class. Mark wrote: "It appears to me that the income bracket method used today isn't very informative."

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