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Published by jack elliot

 

 

 Life is not about class, it’s about money.

 

 

 

The problem is that nearly all the growth of the last 30 years has accumulated to the 1%.

 

This is the cause of the deterioration of life chances for those in the bottom 80%, while the top 20% coped better than the bottom 80%.

 

What would you expect? 

 

The money needed to level the playing field to -say- 1950s levels of inequality has all gone to the 1%.

 

This was a result of policy choices, not of “the market” or technical innovation or a “skills gap”.

 

Get that money back from the 1%, reverse those policies, and the advantages the 20% hold over the 80% will shrink again.

 

Focusing on the 20% of the middles class is a diversion.

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