Dell, I trust you had a happy Thanksgiving. I have been taking some time to think about what you say. In this response, I’m going to focus on one overarching theme: The rules for income distribution in the United States have a very strong bias to distributing the income upwards.
I offer two sources of information to support this idea:
First, there is this video,
which does a very good job of providing scale and context to just how extreme income inequality has been and from my searches this morning, continues unabated while consolidation of wealth accelerates at a frightening pace. I am fairly convinced that political polarization in this country increases with income inequality.
If as you say, that the middle class agrees with the upper class on so many issues, I doubt very much they intended for such extreme inequality as a matter of public policy outcomes. I just don’t think this level of income inequality is what most people have in mind when they vote.
How did we get here? I think the article from the following link provides a telling story in economics, but I suspect also, across a broad swath educational policy:
How Land Disappeared from Economic Theory - Evonomics
Economics For classical economists, it was a factor of production, and the source of "rent." Classical economics, land…
The short story is that once the wealthy found their power with money, they sought to protect their wealth by getting hold of education policy and ensuring that great majority of unwashed people only learned what the wealthy wanted them to learn. But for the rich kids, well, they get to attend better schools that teach all the facts of economics. Or maybe not. Maybe kids today are being taught that this is how economics works and that it has nothing to do with public policy decisions. If the middle class agrees with the upper class, this might explain why.
Considering the policy outcomes we have witnessed, that being primarily one of extreme wealth inequality, I think a compelling argument can be made that the middle class has been “duped” into agreeing with the top 1%. Hopefully, with the new crop of elected representatives in Congress, we can begin to turn the tide.
I hope you find this information of interest.