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Originally Posted by rickholio
Who fucking knows. This moves out of economics and into philosophy (or theology, for some).
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True.
However I think the middle class (as we know it today) is necessary for the rich to continue being rich.
If it weren't for middle class Americans there wouldn't be anybody to buy Microsoft Windows or new cars or whatever else the moguls need to sell in order to make their millions.
This is what led to the great depression. There was a massive manufacturing surplus, but nobody could afford to buy what was being manufactured.
The industrialists could have done one of two things, raise the wages of their workers so they could afford to buy what they were producing, or drop prices so that the average person could afford to buy the products.
They did neither, and the economy went down the tubes.