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There are not enough jobs for the middle wage earners. Educational experts are saying they are preparing everyone for college however not everyone is interested, able, or motivated to go. Those that do go aren't necessarily getting what they need to compete globally.
This recession has been 30 years in the making as the acceleration of good paying manufacturing jobs have been shipped out and replaced with homogenous service jobs that pay low wages and offer little advancement opportunities.
Without good paying jobs for the masses the risks of a prolonged recession remain. The increased structural costs and US debt load make a bad situation worse.
Last edited by Lincolnian; 07-20-2010 at 11:30 AM..
Till you get it paid off and bread is still $78.99 a loaf.
Also, would not surprise me one iota if Supreme Court approved of financial
firms "adjusting" Joe's debt in any manner they so choose.
No the government is trying to counteract the private sector de leveraging by taking on massive debt and transferring debt from private to public. While families and businesses instinctively know the solution to the problem is less debt and more savings, the government is trying to preserve the profits of the financial sector by artificially propping up real estate and stock market prices. Allowing deflation would hurt the rich disproportionately and the government is owned by the rich. When people begin to really understand that then they can put pressure on government to change policy. Unfortunately most of the public are like deer with their eyes in the headlights unaware of the truck that is about to hit them.
I will agree with you that wealthy people have more access to government than ordinary citizens.In our society the fastest,boldest,smartest and of course,best connected get to the top.People flock to this country by fair means or foul because of the opportunities it affords.Your other posts show you to be an otherwise intelligent person,I'm dissappointed you would hide behind the rich man ,poor man argument so many others do.
I hide behind nothing. The truth is the countries policies have been skewed to benefit the wealthy at the expense of the middle and lower classes. That is a fact.
I hide behind nothing. The truth is the countries policies have been skewed to benefit the wealthy at the expense of the middle and lower classes. That is a fact.
which policies? Despite what most liberals think, Bush literally let millions of people become new zero-tax filers under his tax cuts. It has only gotten worse over the last couple of years with the recession
I hide behind nothing. The truth is the countries policies have been skewed to benefit the wealthy at the expense of the middle and lower classes. That is a fact.
This is how a debt based monetary system works. Plus when land hoarding and speculation is promoted more via taxes than development and housing, the bottom 90% struggles.
If we had a georgist based land tax we would not have nearly as much inequity.
This is how a debt based monetary system works. Plus when land hoarding and speculation is promoted more via taxes than development and housing, the bottom 90% struggles.
If we had a georgist based land tax we would not have nearly as much inequity.
A flat,unprogressive tax is the fairest way to tax everyone.The days of collecting revenues via the custom house levy are long dead.Income tax,pay as you go,and applying it to ALL wage earners is about as Jeffersonian as I am willing to go.
which policies? Despite what most liberals think, Bush literally let millions of people become new zero-tax filers under his tax cuts. It has only gotten worse over the last couple of years with the recession
You have to kind of follow the conversation. The policies I referred to were the ones having to do with the banking, and real estate. The government is purposely attempting to keep the real estate and stock market values inflated to protect the assets of the wealthy. The money they are using to prop those markets up is being put on the Federal Debt and will be paid for by taxpayers.
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