The end of the investor class

Political theories originally heralded as “the new new thing” often disappear without notice. So it was with the “investor class,” once a bedrock of GOP thinking.

As more Americans became investors, and therefore business “owners,” the theory argued, they would become more Republican, ushering in an era of GOP dominance. …

The theory of the investor class foundered on two shoals. First, investment was never really democratized in the U.S.; real investors tend to be quite wealthy. Second, the faux investors in the middle class never behaved as the Republicans predicted they should. CONT.

Mark Mellman (Mellman Group), The Hill

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