Quote:
Originally Posted by kane
Companies need a middle class if they are to continue to make profit. If there is no middle class and there are just a ton of poor people and a few rich people there is nobody left to buy all the stuff that companies sell to make them rich. Poor people don't buy new cars and big screen TVs. They don't take vacations to Mexico or buy computers and Ipods and designer jeans and $100 tennis shoes and on and on and on.
The middle class is in trouble right now because of the easy availability of credit and their desire to live a lifestyle beyond their means have many middle class people on verge of bankruptcy, but there will always be a middle class in this country it is in the big companies best interest to keep them around.
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appreciate this response, however there can be just a rich and a poor. They'll just make it so that you spend all your little dollars on what they tell you. The rich doesn't need a middle class to stay rich.