Is Americas' middle class really shrinking? If so, Where are they going? Down or up?
Answer by Tom Lindholtz
Quick answer, don't have time for more right now, but the general answer to your question is, 'nowhere.' America is a dynamic country. Unlike India, people are not born into a class and then stay there for the rest of their lives. People are continually moving between groups. A business man starts a company builds some wealth but then goes bankrupt. He started middle class, moved into upper class, and then maybe wound up in lower class. But then he gets a job, works his way up, and starts all over again. Very few people are born rich and stay that way. Very few people are born poor and stay that way. But, of course, if the liberals have their way, and tax rate continue to get higher, the ability to move between classes will be dampened and a much more immobile society, with a permanent underclass, will be the result.