[BPt111]

Unions Not Happy With Malloy-Democratic Budget Deal - Hartford Courant

[HumpDay]

Originally Posted by Henry10

Yes indeed. In 2011 there was serious discussion about allowing states to declare bankruptcy. Unions and Bondholders beat it down. Bernanke also said at the time that "states have other tools to restructure their obligations."

Now that Puerto Rico is knocking on the door of bankruptcy -- discussion volume is up again.




Technically, CT population is not shrinking. However, population of middle class, who buy these homes -- that's shrinking. That is what happens when you shrink Capitalism and expand Socialism. Number of poor increases, but number of middle class decreases.

Good paying jobs are leaving and are being replaced with low-paying jobs and welfare. You can't buy a $ 200,000 home with $ 10/hr or Section 8 vouchers.

CT is "gone." It means that liberals won in making the state a single-party state, and we are reaping the results of liberalism, aka Socialism -- economic malaise, high taxation, heavy burden of regulation, capital fleeing, more poor, less services. It has been gradual, but transformative nonetheless.

This is a national issue, not a CT issue. Middle class in America is shrinking and its affecting cities from Boston to Seattle. At one point in the near future I don't believe the middle class will be the economic majority. The middle class is shrinking in every state in the union because of declining industries and financial erosion.

[BPt111]

Malloy has 2nd worst disapproved rating in the country

https://morningconsult.com/state-governor-rankings/

[Henry10]

Originally Posted by HumpDay

This is a national issue, not a CT issue. Middle class in America is shrinking and its affecting cities from Boston to Seattle. At one point in the near future I don't believe the middle class will be the economic majority. The middle class is shrinking in every state in the union because of declining industries and financial erosion.

As a whole country, "middle-class" has shrunk. Yet, it is not even. In some places middle-class has expanded. Some places in Texas, around Atlanta, or Silicon Valley for example. Where Capitalism is active, middle class expands. This is no secret.

IT remains one of the least-regulated sectors of our economy. Politicians have not caught up with it yet.

[MrGompers]

Originally Posted by Henry10

Technically, CT population is not shrinking. However, population of middle class, who buy these homes -- that's shrinking. That is what happens when you shrink Capitalism and expand Socialism. Number of poor increases, but number of middle class decreases.

You have this backwards. I don't know why people believe this unless you are a millionaire yourself. Income inequality has only widened during the last 30 years. If capitalism was shrinking income equality would also be shrinking.

On top of that CT has the greatest income inequality in the United States.

CT continues to lead nation in income, but wealth poorly distributed | The CT Mirror

Here's one chart at the national level.



A Guide to Statistics on Historical Trends in Income Inequality | Center on Budget and Policy Priorities

I have never seen a statistical analysis that says income inequality has shrunk in the last 30 years.

[RunD1987]

Not sure if true or not...The trend I notice in CT is an unchecked welfare service system that continues to grow. CT has cities that provide sanctuary/harbor illegal immigrants. Give tax breaks to the rich. Cuts services in health, public protection, mental health/addiction, and social services. Creates an environment of low paying minimum wage jobs and little livable wage jobs in CT. Add in high housing cost with low paying jobs either people become more dependent on CT government or leads to homelessness or criminal activity.

[mlassoff]

Originally Posted by Henry10

As a whole country, "middle-class" has shrunk. Yet, it is not even. In some places middle-class has expanded. Some places in Texas, around Atlanta, or Silicon Valley for example. Where Capitalism is active, middle class expands. This is no secret.

IT remains one of the least-regulated sectors of our economy. Politicians have not caught up with it yet.

Just curious... What's Middle Class in Silicon Valley? People who complain about expensive housing here really have no clue...

[Lincolnian]

Originally Posted by HumpDay

This is a national issue, not a CT issue. Middle class in America is shrinking and its affecting cities from Boston to Seattle. At one point in the near future I don't believe the middle class will be the economic majority. The middle class is shrinking in every state in the union because of declining industries and financial erosion.

Connecticut is the canary in the coal mine. The working structure is changing and good paying middle class jobs that require high-knowledge are now smaller in number in a technology-leveraged society. At the same time, certain fields are rapidly changing and college grads that are chasing recent hot fields are now entering those areas finding there is an oversupply of qualified candidates. They are also finding that their chosen field they studied is already being replaced by something that wasn't even there when they entered college a few short years ago. All this continues to put pressure on salary growth.

Meanwhile trade and technical jobs are in demand in many areas but ironically those schools are not being funded and their programs are being cut. Many students are being discouraged by both their parents and educators from pursuing these fields and instead being advised to follow a "traditional" college path as the key to success.

There are three major themes for Connecticut and the nation: jobs, health and security. Without good-paying jobs, where one is able to support themselves and their family, we will just continue to compete amongst ourselves for a temporary regional comparative advantage. If we continue that path we trade away the wealth of the nation and our children's future.

[Henry10]

Originally Posted by MrGompers

You have this backwards. I don't know why people believe this unless you are a millionaire yourself. Income inequality has only widened during the last 30 years. If capitalism was shrinking income equality would also be shrinking.

On top of that CT has the greatest income inequality in the United States.

CT continues to lead nation in income, but wealth poorly distributed | The CT Mirror

Here's one chart at the national level.



A Guide to Statistics on Historical Trends in Income Inequality | Center on Budget and Policy Priorities

I have never seen a statistical analysis that says income inequality has shrunk in the last 30 years.

Your graph and comment make good Marxist propaganda, but it is misleading and useless.

1- Since you are attributing widening of income gap to expansion of Capitalism, can you tell us what is the rate of expansion for Capitalism since 1979, and how does this compare historically?

2-- In the last 40 odd years we have imported about 40 million LEGAL immigrants, who are at the bottom rung of income ladder. Can you tell us how these 40 million low-income people skew the average real income?

3- In addition to the above 40 million, we also have 15-20 million illegal aliens. Can you tell us what kind of downward pressures in wages have these 60 million imported workers exert into wages of Americans?

4- Can you educate us how unlimited printing of money by the Feds skews real income and real purchasing power?

5- Capital flee, i.e. not expansion in US -- Can you tell us about this?

6- $ 5 trillion parked overseas -- this is unused capital, in other words it is not expanding Capitalism. Can you also tell us what effect this has on the income gap?

You are leaving out some other important information. For example, why don't you show us the growth of Govt?

These are all rhetorical questions. It is all pretty obvious if you understood the nature of Govt.

If you peel the BS layers, Govt is an instrument of the ruling class. Concentration of wealth and centralization of power are two sides of the same coin. So is decentralization of power and spreading the wealth.

Politicians have too many people duped.

[mlassoff]

Originally Posted by Henry10

Your graph and comment make good Marxist propaganda, but it is misleading and useless.

1- Since you are attributing widening of income gap to expansion of Capitalism, can you tell us what is the rate of expansion for Capitalism since 1979, and how does this compare historically?

2-- In the last 40 odd years we have imported about 40 million LEGAL immigrants, who are at the bottom rung of income ladder. Can you tell us how these 40 million low-income people skew the average real income?

3- In addition to the above 40 million, we also have 15-20 million illegal aliens. Can you tell us what kind of downward pressures in wages have these 60 million imported workers exert into wages?

4- Can you educate us how unlimited printing of money by the Feds skews real income and real purchasing power?

You are leaving out some other important information. Why don't you show us the Govt's growth?

These are all rhetorical questions. It is all pretty obvious if you understood the nature of Govt.

If you peel the BS layers, Govt is an instrument of the ruling class. Concentration of wealth and centralization of power are two sides of the same coin.

So is decentralization of power and spreading the wealth.

Politicians have too many people duped.

Marxist Propaganda? Thanks. You made me laugh out loud.