Magic Walrus in action

Mark complains that the middle class has ;kttle reason to elect the populist.  They are doing just fine:

Mark Thoma: Looking at this another way, the CBPP also finds that middle class households are 60 percent of the US population, and they receive 58 percent of the benefits from entitlement programs. There is some redistribution, but it is from the top 20 percent of households to the bottom 20 percent.

The last sentence first.  Government payments and receipts are distributed in effects across all income classes, eventually.  Investment patterns change for everyone as government in DC manage more of the economic flow.  

But the first sentence is doom for the middle class, their long term losses from government over-reach is 2% of income!  Compound that over the four decades since the Nixon monetary regime change.  The middle class is losing in the Swamp, and Obamacare implicit middle class taxes have put the American consumer to sleep.

Its the Magic Walrus assumption that  government edict causes no side effects, and prices adjust immediately to accommodate the Swamp.

By the way, New Hampshire is number seven for median income, but they went for Bernie.