Revenge of the Upper Middle Class

The Obama administration surely didn't think it was penalizing its core middle-class constituency when it proposed, earlier this month, to raise taxes on college savings accounts known as 529s. The soaring cost of college makes even a six-figure income seem small, and the definition of "middle class" can become quite elastic. Yet as the backlash to the proposal demonstrated, the soaring cost of a college education makes even a six-figure income seem small, and the definition of &q