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Which middle class are we talking about? The plumbers and nurses or the techies and doctors?

Because I think the former would justifiably be very, very, very happy to see the latter take a big haircut since the latter's money is a large part of what's propping up asset prices (and the prices of many consumer goods) and directly reducing the access the former has to such things.

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I always love seeing the uselessness of the term “middle class”. Or rather, lack of utility. Politically, it is a very useful term.

Middle class was defined by whitehouse recently wrt student debt cancellation as anyone who isn't in top 5% of income ( i.e household income of < 250k).

Pretty meaningless without location.

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