Three-and-a-Half Class Society - partnership of "Tyranny of the Majority" and "Entrenched Elites (wage, government)

[petch751]

It's a partnership of "Tyranny of the Majority" and "entrenched incumbents Elites."

This class structure has political ramifications....

- 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),
- The State dependents who pay nothing (the third class).

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.


charles hugh smith-The Three-and-a-Half Class Society

[petch751]

By heavily taxing earned income, the system extracts the highest taxes from the most productive citizens, leaving the less-productive with essentially no income taxes and the super-wealthy with the huge tax break offered to capital gains and other unearned income.

http://www.oftwominds.com/blogoct12/...sses10-12.html

[petch751]

It's a partnership of "Tyranny of the Majority" and "entrenched incumbents Elites."

In essence, this is a vote-buying scheme by the Status Quo: the top 1% control the policies of the State in alliance with the State's own Elites, and together they buy the complicity of the bottom 60% to passively accept their dominance.

In other words, the bottom 60% pay relatively modest taxes or are recipients of Central State aid and the top 1% who "own" the political process limit their taxes by favoring unearned income (what they collect from sales of securities, stock options, rents, etc.). Thus the productive quintile (top wage earners) pay the highest tax rates and most of the taxes.

http://www.oftwominds.com/blogoct12/...sses10-12.html

[petch751]

Where do you fall in the 3 1/2 class structure of America?

Where You Rank as a Taxpayer

[petch751]

Put another way: the Power Elites of a democracy can buy the complicity of the majority by showering them with government giveaways and extracting no income tax from them. Your fellow citizenship should mean something other than a free meal ticket or other give-away.

The top 1% control the policies of the State in alliance with the State's own Elites, and together they buy the complicity of the bottom 60% to passively accept their dominance.