If anyone wants to know a secret about perspective on macro economics, think about a city like Chicago. The majority of Chicago is not in the upper classes, so the minority actually influences and controls the city. Those top 5-10%ers are the ones paying the lofty taxes, so they have a say, the schools, and the police. I’m on the other end of the spectrum, and am a minority on a few levels in the United States.
There is no middle class. There are destitute, poverty-stricken, barely making it, and squirreling away a meager savings. If you’re a Baby Boomer, you’re fortunate to get your Social Security to supplement any retirement savings. If you’re a Generation X or younger, you’re fucked. You better hope you’re a minority of the majority because if you’re a majority of the minority, you’re fucked.
AXISTING 