The rate of inflation must be between 4% and 5% a year to grow the middle class.
Since the time of “Supply side” Reagan the rate of inflation has hovered around 2% and the middle class has disintegrated.
A 5% yearly inflation rate doubles the “cost of goods” every 14.4 years.
That increase in prices over a decade and a half is what grows and sustains the middle class.
The Democrats once referred to the process as “upward mobility.”
Once the Capitalist corporatists decided to bleed the American worker and their family’s dry and accumulate wealth at the top, autocracy was the only form of government left that would even function.
Not indistinguishable from a police state in China.
Rule of 72.
The rate of inflation must be between 4% and 5% a year to grow the middle class.
Since the time of “Supply side” Reagan the rate of inflation has hovered around 2% and the middle class has disintegrated.
A 5% yearly inflation rate doubles the “cost of goods” every 14.4 years.
That increase in prices over a decade and a half is what grows and sustains the middle class.
The Democrats once referred to the process as “upward mobility.”
Once the Capitalist corporatists decided to bleed the American worker and their family’s dry and accumulate wealth at the top, autocracy was the only form of government left that would even function.
Not indistinguishable from a police state in China.