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It's an essay trying to say too much so it ends up explaining too little. He's rolling with the tried-and-true "vanishing middle class" trope and adding on a "democrats are republicans, republicans are democrats" trope. Which, really, explains why Bernie Sanders is losing the war of attrition - the "other fifth" likes Clinton's finance policies. That whole "pulling away" thing ties in with another New York Times argument that pisses off the rest of the country: Six figures is not enough. If anything, he's basically saying "elitism is real" which is kind of the NYT's masthead at this point.