The real class war (American Affairs)
(…) The socioeconomic divide that will determine the future of politics, particularly in the United States, is not between the top 30 percent or 10 percent and the rest, nor even between the 1 percent and the 99 percent. The real class war is between the 0.1 percent and (at most) the 10 percent—or, more precisely, between elites primarily dependent on capital gains and those primarily dependent on professional labor.
(…) Ultimately, the question that will determine the future of American politics is whether the rest of the elite will consent to their continued proletarianization only to further enrich this pathetic oligarchy. If they do, future historians of American collapse will find something truly exceptional: capitalism without competence and feudalism without nobility.