End welfare as we know it — for the upper middle class

The most formidable political class in the United States now is not the oligarchic 1 percent. It is not the struggling middle class. It is not the suffering poor. It is the upper middle class, strong in number, loud of opinion and fiercely determined to protect its interests.

It’s the upper middle class that candidate Joe Biden was attempting to appease when he promised not to raise taxes on anybody making less than $400,000 a year. Upper-middle-class Americans — those with household income in the top 20 percent  may not have incomes reaching quite those heights, but they are comfortably into the six figures. They also have solid retirement accounts, kids for whom four-year college is a given, good health care and valuable homes in good neighborhoods.

Read more at The Washington Post