Waiting for Fitzgerald

[taxwonk]

Originally posted by nononono
Yes, "middle" doesn't particularly work (though when was it last the true "middle"?). But that could be a matter of semantics. If "middle class" people can afford less than they used to, standard-of-living-wise, do we just define down what it means to be "middle class"? Or do we lift the dollar-numbers of "middle class" to reflect what it takes to attain what we've typically expected middle-classers (even, say on the upper end of middle-classers) to attain?

Or, just for fun, we could look at what policies are creating this widening gulf between rich and poor, such that there is no real "middle class" any more.