Tuesday, August 25, 2020

Income Classes: Who Gets How Much Income, and From Which Sources?

 Our friend, John Osman has propelled me along the question as to, 'Who are 'The Working Class'?

Readers might recall that, expanding beyond the 'We are the 99%' diversion, I prefer a 2%:10%:88% division:

  - The 2% being The Capitalists (who collect/take/steal Rent, Interest and Profits-as-Dividends on Shareholding)

  - The 10% as the capitalists' 'Praetorian Guard' (who are permitted by the 2% to Tax us, the 88%, in order to take/receive/steal higher-than-fair Paid-work Incomes and Perks and, ditto, Pensions.

  - And us, The Worked 88%.

I've tried to visually show this division and to separate out the Incomes by proportion according to whether those incomes come from the 'ownership' of capital (ie of the Economic Resources of Land, Money and Shares), and from Paid-work Incomes and also Income from 'The Common Purse' (ie the proceeds of Taxation).

The first of the photographs shown is the final attempt for today, the other two being preliminaries.

I hope they help.

Three ps's:

1) As a working defiition, I consider that 'The Middle Classes', who form The Praetorian Guard, derive at least some part of their income from the 'ownership' of Capital Resources,

2) The 88% are usefully divided into those who have paid work and those that do not: the latter comprising those who are unemployed through either being pensioners, those unable to work through disability and those who are unemployed through there being a lack of paid-work positions. The trolls will add 'and those who choose not to work': a class(ification) that, apart from its applucation to the Capitalists, I *entirely reject* as poor bashing: which I *will not tolerate*: poverty is deliberately created by and for those who are supporters of capitalism

3) I found it helpful to subdivide each of these Income Classes yet further into thirds, as shown.



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