"...New York is the picture of what the Tea Party fears for the country at large. In the 1970s, liberal mandarins seized the high ground of American institutions in the name of managing social, racial, gender, and environmental justice on behalf of the disadvantaged. Their job, as they saw it, was to protect minorities from the depredations of middle-class mores. In the wake of the Aquarian age, the U.S. developed the first mass upper-middle class in the history of the world. These well-to-do, often politically connected professionals—including the increasingly intertwined wealthy of Wall Street, Hollywood, and Silicon Valley—espoused what might be called gentry liberalism, a creed according to which the middle classes had to be punished for their racism, sexism, and excess consumption..."
Who Lost the Middle Class? by Fred Siegel - City Journal