Elizabeth Warren: What happened to the middle class?
CNN) -- A great crack in America's middle class came to light recently: While our country continues to lead the world as the richest nation, our middle class, once the most affluent in the world, has fallen behind. According to an analysis by The New York Times, Canada's middle class is now the wealthiest, and working families in many countries have seen their incomes rise much faster than those in the United States.
The hollowing out of America's middle class has been years in the making, but it wasn't inevitable that working families would fall further and further behind. Instead, it was the direct consequence of deliberate choices Washington has made over the past generation to put the rich and powerful first and to leave working people to pick up whatever crumbs were left behind.
It didn't have to be this way. America knows how to build a middle class that is the envy of the world. After the Great Depression, America made two critical decisions.
First, it put in place strong rules to level the playing field for families, putting more cops on the beat to monitor financial markets and passing basic safety rules to temper the boom-and-bust financial cycle.
http://www.cnn.com/2014/05/01/opinion/warren-middle-class/index.html
--------------------------------------------------------------------------------------
30+ years in destroying the middle class ...
= new reply since forum marked as read
