Does America really need a middle class?

Take a look at, The Middle Class in America Is Radically Shrinking. Here Are the Stats to Prove it. And here’s some additional data to highlight the facts of the issue.

There are those who tell us that we must give more and more tax breaks to the wealthiest Americans because they are the ones who create the jobs. Interestingly, 83% of all the stocks in America are held by 1% of the population. So are the wealthiest people really creating jobs with the money, or are they profiting mainly by investments? And if they are creating all these jobs with the 30 years of tax cuts for the rich, where are the jobs?

If the trickle-down theory that was supposed to help the middle class destroys it instead, does that matter? Or is the problem just that we haven’t taken enough of the medicine yet? From the 1940s to the 1980s when taxes were high on huge incomes, we created the world’s most thriving middle class (there was really no middle class before the Great Depression and WWII) and lots of millionaires as well. After Reagan’s slashing taxes by 60% for the rich, we’ve been seeing the middle class shrink, and the shrinkage is accelerating. How low do taxes need to go for the rich before trickle-down finally begins to trickle.

For the last 30 years, it all seems to have stayed at the top. Should we only tax the poor, and give all the revenues produced directly to the rich? Would that be enough to get trickle down to start trickling?