Tuesday, June 10, 2008

how to sustain the illusion of a middle class

See also: totally phokked, an empire in decline, da tarrists are winning, we are living in a golden age (cont'd), it's wartime - we all have to sacrifice (unless you're a plutocrat), trickle-on economics, etc.

On the one hand, there is what the report calls the investor class. It has tax-deferred savings plans, as well as an army of financial advisers. On the other hand, there is the lottery class, people with little access to 401(k)’s or financial planning but plenty of access to payday lenders, credit cards and lottery agents.

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