This is by design, but is only part of the whole story.

The key factor is that the middle classes can not have access to resources like in the past. There will be a 2 part plan to accomplish this.

1. C taxes. These taxes are highly regressive and would kill the poor and middle classes. It will end up increasing the prices of everything by a several fold.

2. The C tax money will be used along with printing, as continual stimulus payments (think UBI) that will be phased depending on income level.

The result is that everyone will "earn" $200,000 (to use a round number) but it will have the purchasing power of $20,000 today. Gas and Milk will be $30/gallon, a domestic flight will be $5000. A new laptop or phone $10,000.

Then only the elites will have access to the resources, the rest (middle and lower classes today) will be part of a new permanent underclass. McMansions will fall into disrepair (no one will have $150,000 for a new roof) and current middle class lifestyle will be impossible to afford.

Edit: I'll leave what happens to retirees (unproductive elderly) an an exercise to the reader.

This is by design, but is only part of the whole story.

The key factor is that the middle classes can not have access to resources like in the past. There will be a 2 part plan to accomplish this.

1. C taxes. These taxes are highly regressive and would kill the poor and middle classes. It will end up increasing the prices of everything by a several fold.

2. The C tax money will be used along with printing, as continual stimulus payments (think UBI) that will be phased depending on income level.

The result is that everyone will "earn" $200,000 (to use a round number) but it will have the purchasing power of $20,000 today. Gas and Milk will be $30/gallon, a domestic flight will be $5000. A new laptop or phone $10,000.

Then only the elites will have access to the resources, the rest (middle and lower classes today) will be part of a new permanent underclass. McMansions will fall into disrepair (no one will have $150,000 for a new roof) and current middle class lifestyle will be impossible to afford.