Do we really need a middle class distinction?

Interesting discussion in The New York Times on class structure in American society. I think the last thing we need is for people to aspire to or become trapped into a socioeconomic box created by some social scientist with too much time on their hands. With a productivity gap of a trillion dollars and budget deficits approximately the same amount, it’s safe to say that we are all members of the living class.

Our focus should be on how we obtain more resources for use in building the assets that will protect us from a downturn. If we really are going to remain all hung up over classes, maybe we should distinguish ourselves by equity classes.

If you have equity that you can cash out and survive on for a few years, you are wealthy. If not, you are poor.

Other classes such as middle class, upper middle class, lower class, etc., are all meant to establish a delusional state of mind that distracts us from the task at hand: legitimate, credible, wealth building.

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
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