Sunday, November 02, 2014

Inside the plot against the middle class
Ever get the sense that the middle class is downwardly mobile, being pressed to the floor and squeezed to the limit? It’s not happening by accident. Someone is doing the squeezing: a new class of entertainment and tech plutocrats, cheered on and abetted by a priesthood of media, government and academic elites.

Joel Kotkin’s “The New Class Conflict” (Telos Press Publishing) paints a dire picture of the undeclared war on the middle class. What he calls the Oligarchy (Silicon Valley and Hollywood) and the Clerisy (the media, bureaucrats, universities and nonprofits) enrich themselves and gratify their own strange obsessions at the expense of the middle class....

...Higher education is increasingly unaffordable, and many of the same forces are at work.

The government, with the media Clerisy cheering its efforts, offers cheap loans to “help the middle class.” Those subsidies are in effect a tax that everyone pays in order to aid the next generation of elites. The extra money siphoned out of your wallet gets filtered through the government and into the pockets of the government-promoting universities, whose costs are shooting up because they keep fattening their payrolls. Over the last 40 years, university bureaucracy has more than tripled in population — to some 750,000 administrators, who now outnumber professors on campus. All told, the universities employ 1.7 million people, most of them licking their lips at the prospect of indoctrinating 20 million students.

President Obama let the mask slip when he offered to cap payments on, and ultimately forgive, student loans when the graduate becomes a paid-up, fully vested member of the Clerisy — spending 10 years in a government or nonprofit job.

Yep, the regulators will happily pass along the costs of your tuition to the taxpaying suckers — as long as you join their cult and keep the cycle going. It’s as if the Vatican spared no expense to educate the next generation of cardinals, then simply decreed that the general public pick up the tab....