"The way to crush the bourgeoisie [upper middle-class] is to grind them between the millstones of taxation and inflation." -- Vladimir Lenin
The 16th Amendment provides the progressive taxation. The Federal Reserve provides the manufactured inflation (and limitless supplies of cash to the political class to buy votes and cooperation).
The Cold War never ended. And America is losing. By the time Reagan called for the demolition of the Berlin Wall, there were finally enough leftists in key positions of power and influence in America (government, media, finance, military, academia) to perfect the subversion of America from within.
The Fed is the rotten core at the center of the Collectivist cabal.
End the Fed.