The middle class, in the West, is able to use the fruits of their labor to acquire minimal capital - house, 401k, savings, coin collection, a plot of land, etc.
This minimal capital is highly subject to the vagaries of the market, nor is it sufficient, for most of them at least, to have have the value of their capital be self-perpetuating. It's also not enough to live on.
If you make enough to invest enough that the investments are their own fortune, separate from the input of your business or salary to increase them, than you're no longer middle class, you're rich.
Okay i could get behind this definition. The middle class becomes the mediators and guarantors of the capital of the upper class and the principal consumers of abs demand for the lower class
100%
Src/https://www.reddit.com/r/Wallstreetsilver/comments/xpi6pl/when_your_government_starts_using_lenins_playbook/
It's weird since the government doing the overtaxing only exists because the people here will destroy, pillage and kill when overtaxed.
While the sentiment is true and Lenin believed you could use inflation as a weapon, this quote is fake. He never actually said this.
Checks out. They attribute it to kaynes paraphrasing him. Though, having read some of his works I'd argue it's an accurate paraphrasing.
It's not the working class they are after, it's the kulaks, or in today's terms, the middle class.
I agree though isn't that still a class that trades time for money? I don't think there is really a modern day equivalent of an actual middle class
The middle class, in the West, is able to use the fruits of their labor to acquire minimal capital - house, 401k, savings, coin collection, a plot of land, etc.
This minimal capital is highly subject to the vagaries of the market, nor is it sufficient, for most of them at least, to have have the value of their capital be self-perpetuating. It's also not enough to live on.
If you make enough to invest enough that the investments are their own fortune, separate from the input of your business or salary to increase them, than you're no longer middle class, you're rich.
Okay i could get behind this definition. The middle class becomes the mediators and guarantors of the capital of the upper class and the principal consumers of abs demand for the lower class