There's a Dark Future for America Coming If We Let the Middle Class Disappear @alternet

There's a Dark Future for America Coming If We Let the Middle Class Disappear @alternet:

"America's Founders understood the relationship between the middle class—what Thomas Jefferson called the yeomanry—and democracy. Jefferson's greatest fear for the young American nation was not a new king but a new economic aristocracy. He worried that if a small group of citizens became too wealthy—if America became polarized between the very rich and the very poor—democracy would vanish. Our democracy depends upon our ability to play referee to the game of business and to protect labor and the public good. It is both our right and our responsibility, Jefferson insisted, to control "overgrown wealth" from becoming "dangerous to the state," which is, so long as we are a democratic republic, We the People. When wealth is concentrated in the hands of the few and the middle class shrinks to the point where it's no longer a politically potent force, democracy becomes a feudal aristocracy: the rule of the elite. As Franklin D. Roosevelt pointed out in 1936, the rule of the many requires that We the People have a degree of economic as well as political freedom. When We the People are given the opportunity to educate ourselves, earn a living wage, own our own homes, and feel confident that we have good child care, health care and care in our old age—in short, when America has a thriving middle class—America also has a thriving democracy."