> In this schema, the productive middle occupies an increasingly untenable position. They are too numerous to ignore but too dispersed to organise effectively. They lack the cultural capital to dominate elite discourse and the electoral weight to dominate mass politics. Their interests are in lower taxes, less regulation, stable money, and predictable institutions; precisely those that the top-bottom coalition has no incentive to provide. What, then, are their options?

How do people miss the obvious solutions of massive, air-tight, top-heavy, bracketed inheritance tax, and outlawing tax havens? There’s not much more to it.