Wednesday 8 April 2015

oftwominds-Charles Hugh Smith: Neofeudalism 101: Strip-Mining the Upper Middle Class

oftwominds-Charles Hugh Smith: Neofeudalism 101: Strip-Mining the Upper Middle Class



This Neofeudal structure is unstable by its very nature.

I have often examined the Neofeudalist structure of the U.S. economic hierarchy, and the many social and financial fault lines running through this creaking structure. For example:




Bifurcation Nation (June 24, 2013)



Today I'd like to examine the neofeudal strip-mining of the class that pays most of the taxes. These taxes support the bottom 50% who pay the 7.65% payroll taxes and receive substantial income tax credits, and enables the super-wealthy to pay lower tax rates on their vast unearned income.

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