this post was submitted on 23 Jul 2023
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The standard of living is falling because the massive middle class is being looted by the .01%. Trillions of dollars have been funneled up to the ultra rich during the pandemic and afterward, and nothing is trickling down.
And governments around the world are enabling and assisting it, including in Canada at the federal and provincial (and municipal) levels.
"Middle class" is a myth the ruling class uses to keep the working class in the working class. If you don't own your own means of production, and you don't wield political power, you're working class.