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Wednesday, April 30, 2014

Charles Hugh Smith — America's Nine Classes: The New Class Hierarchy



Somewhat out of paradigm, but interesting.
Eight of the nine classes are hidebound by conventions, neofeudal and neocolonial arrangements and a variety of false choices.

There are many ways to slice and dice America's power/wealth hierarchy. The conventional class structure is divided along the lines of income, i.e. the wealthy, upper middle class, middle class, lower middle class and the poor.

I've suggested that a more useful scheme is to view America through the lens not just of income but of political power and state dependency, as a Three-and-a-Half Class Society(October 22, 2012):
The three-and-a-half class society is comprised of: the "entrenched incumbents" on top (the "half class"), the high-earners who pay most of the taxes (the first class), the working poor who pay Social Security payroll taxes and sales taxes (the second class), and State dependents who pay nothing (the third class).
This class structure has political ramifications. In effect, those paying most of the tax are in a pressure cooker: the lid is sealed by the "entrenched incumbents" on top, and the fire beneath is the Central State's insatiable need for more tax revenues to support the entrenched incumbents and its growing army of dependents. 
A recent Foreign Policy article on China's New Class Hierarchy: A Guide inspired me to assemble America's nine classes.
 oftwominds
America's Nine Classes: The New Class Hierarchy
Charles Hugh Smith

See also, Want to Fix Income/Wealth Inequality? Here's How

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