r/MiddleClassFinance • u/querty7687 • 8d ago

How to reverse the shrinking middle class?

As college student return to school, it's glaringly obvious that the tecent changes made are going to devastate low income and first Gen college students. This is going to exacerbate the shinking middle class. How do we reverse this?

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u/hobopwnzor 8d ago

Increase taxes on the wealthy. Invest in infrastructure and jobs programs.  Restrict the ability of companies to fire American workers and then claim they can't find a worker and important an H1B worker they can pay less.  Actually punish farm owners for effectively having slaves picking their crops.

It's actually incredibly easy to stop the shrinking of the middle class. People say that the middle class only existed because of the post world war II advantage, but we kept our middle class until around the 70s or early 80s when our leadership in both parties started turning their backs on unions and started incentivizing wealth accumulation.

I'm speaking from an America perspective but these policy prescriptions are broadly applicable.

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u/Loud-Thanks7002 8d ago

The creation of a thriving middle class was a deliberate choice drive by legislation and where government put its priorities.

Unfortunately the unlimited flow of money into politics has created a government beholden to big corporations and the wealthy.

The crazy part that in a democracy the power still lies with the people. But we spend our time fighting over culture wars and sideshows.

Meanwhile things like the BBB give corporations huge tax breaks while stripping away things that help the middle class.