Another component to this pillaging of the middle class is WARS!

How about this guy being prescient about our current state of affairs:

“The great foe of democracy now and in the near future is plutocracy. Every year that passes brings out this antagonism more distinctly.

It is to be the social war of the twentieth century. In that war militarism, expansion and imperialism will all favor plutocracy.

In the first place, war and expansion will favor jobbery, both in the dependencies and at home.

In the second place, they will take away the attention of the people from what the plutocrats are doing.

In the third place, they will cause large expenditures of the people’s money, the return for which will not go into the treasury, but into the hands of a few schemers.

In the fourth place, they will call for a large public debt and taxes, and these things especially tend to make men unequal, because any social burdens bear more heavily on the weak than on the strong, and so make the weak weaker and the strong stronger.

Therefore expansion and imperialism are a grand onslaught on democracy.”

- William Graham Sumner