The 100k floor for rich is a false equivalency.
Didn’t say “rich”. Said “upper income bracket.” The AEI chart picked thirds; I normally use quintiles, because it’s useful to be able to talk about an “upper middle” and a “lower upper”.
In 1970 a person making 80k may fall into the middle class of today… they were upper middle class then in a way they aren’t today.
Not sure what that means. The chart is in real dollars. All dollars have been normalized to their 2016 value.
A family making 35k in most jurisdictions isn’t middle class.
No, it’s at the bottom of the middle income bracket.
(We’re quibbling over semantics here.)
it’ll lead us to squeezing programs for the poor…at a time when minimum wage raises to $15 are called unreasonable and Walmart and Amazon have employees collecting food stamps and qualifying for medicaid.
Well, it sucks that that’s the way the Democrats set up the welfare system, I agree. :-)