by Rachel Johnson, Urban-Brookings Tax Policy Center Microsimulation Model

Reading about the early meanings of the phrase “middle class” it clearly refers to:

…someone with so much capital that they could rival nobles….. professionals, managers, and senior civil servants.

and not to “the broad shoulders” holding up society, which should properly be called “the working class”.

In other words, not “normal” or “typical” people at all (typical being $21k/year)—the “middle class” could accurately refer in the U.S. only to those making over $100k/year. I.e., “possessing significant human capital” which allows them not to just have a job at a successful corporation and be a line-item on that corporation’s budget, but to extract significant wages from the economy.

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