That is essentially what Emmanuel Todd argues - he believes that the US as a whole - and that includes its so-called working class - is a rentier society living off property income rather than production. Different social strata may get different shares of that property income - a janitor gets a much smaller share than the CEO i.e. cheap Wal-Mart schlock made in China vs. corporate stocks, but both live off income generated - for a substantial part - by property rights rather than by producing and selling products.
If I understand Todd correctly, he believes that about a third of the US GDP is property income (rent) and that is the amount by which the US economy must be "deflated" to resume its normal capitalist relations with the rest of the world.
Wojtek