Krugman: "But the real reasons to worry about the explosion of inequality since the 1970's have nothing to do with envy. The fact is that working families aren't sharing in the economy's growth, and face growing economic insecurity. And there's good reason to believe that a society in which most people can reasonably be considered middle class is a better society - and more likely to be a functioning democracy - than one in which there are great extremes of wealth and poverty." [NYT]
Here's to the death of the middle class, and to the American Dream. No longer can we expect to do better than our parents and grandparents before us. No longer are these jobs and opportunities available to us. But, the rich get richer, and that's what matters apparently.
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