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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (316439)12/20/2006 1:02:12 AM
From: Elroy  Read Replies (3) of 1574171
 
The middle class is the source of America's economic strength, from which all our other strengths spring.

No, the middle class is not the source of strength in the US economy! There are plenty of sources of strength in the US economy, and one of the big ones is immigrant labor. Another is a strong work ethic (Europe takes 5-8 weeks holiday each year!). Another is a strong legal system and strong property rights.

I don't know if you can even support the idea that the middle class is a source of economic strength. They are a source of societal stability (the peasants don't revolt) and education (they probably educate their children better than the poor educate their children), but I'm not sure how you see them as a source of economic strength.
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