Quite a while back. Back around 2008.
So who wants to laugh about the Tea Party, all those stupid tea baggers, knuckle dragging morons from the deep south, religious nutcase whackos, now?
(TEA = Taxed enough already)
Good job, much appreciated. I reside outside of US, but otherwise I would have joined the action I'm sure.
The middle-class has been squashed and lost it's voice. Lower-class relies on the foodstamps and will vote for more, no matter the cost. Higher-class has the wealth to lobby and exercise dubious tax planning. It's sad that middle class, who's carrying the biggest burden of taxes, has no say in taxation nor has the power to avoid them.
But then again, the disappearance of the middle class has often been followed by the total collapse of the empire. Hope we are getting very close to this; the world would be much better off without the US and the IMF.
Wait, which morons are those......
It's hard to say this but I am okay with their part of the middle class being hollowed out and impoverished. Unfortunately, there is massive collateral damage in such cases such as all those on pensions.
Economically, though, you are correct. Once the middle class is impoverished, that government's taxing ability is so reduced that necessary contractions occur.
Forced government contraction: Russia, 1992....