David Korten: War Against the Middle Class
As did most Americans of my generation, I grew up in the post-World War II years believing that America was defined by a strong middle class supported by a durable bipartisan political consensus. In fact, the American middle class was created in the space of just a few years by New Deal legislation that established Social Security and other safety-net programs, implemented a highly progressive taxation of income and estates, supported unions, and raised the floor on wages to narrow the wealth and income gap between the upper and lower economic classes.