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China's middle class will only grow so far. The government will not allow it to grow beyond the point where the majority of people do not need government help IMHO.
It's much more complex than that. Always keep this in mind, China in all practicalities, is an ancient culture, still entrenched in its old ways that reach back 2 thousand+ years regardless of what form of government it has currently. People think in terms of the old guard the Roman Empire-gone with the wind, but China is still with us today. My hunch is as the Chinese middle class grows it will seek to supply its own people with goods as much as it can. It always has done this and perhaps continue to do so in the future. This is what, to me, caused the wars between the UK and China 100+ years ago.
Look I'm sure its popular for politicians and their speech writers to pay lip service to the American public and tell them they got to where they were because of hard work and determination. But the middle class barely existed pre 1930s until there were massive government interventions and expansion of government programs and 90% tax rates. There would not be as many Americans today with a college degree if it were not for government intervention and funding with pell grants or low interest student loans. Seniors would not be as well of today if it wasnt for SS or Medicare or reverse mortgages. And the middle class would not exist today if it wasnt for progressive taxation, public services, labor laws, and benefits such as workers comp or employer health insurance mandated by the government. The middle class didnt just appear out of thin air, they are the creation of redistribution, class warfare, government regulations, and government benefits.
Did the honest rich people get rich through government intervention or hard work and good business sense? Do the people that work for rich people get paid through their owners or through government intervention?
No government program produced anything without the funds of the producers. It is only from the producers of this country that any government exists. It starts with productive citizens. You are way off base with your sentiments.
Did the honest rich people get rich through government intervention or hard work and good business sense? Do the people that work for rich people get paid through their owners or through government intervention?
No government program produced anything without the funds of the producers. It is only from the producers of this country that any government exists. It starts with productive citizens. You are way off base with your sentiments.
He's not way off base. Are you implying that an owner was the only producer to work the factory? Of course not, it takes other humans to produce in large numbers. If the factory owner was allowed to keep 99% of all gold then true growth would not have taken place. We would be a third world country or Mexico the 2nd at the least.
Here's more on the middle class from Pres. Obama...
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So what does that mean for restoring middle-class security in today’s economy? Well, it starts by making sure that everyone in America gets a fair shot at success.
What is a fair shot? What does that mean? Is everyone educated the same way? Is it opportunity?
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The truth is we’ll never be able to compete with other countries when it comes to who’s best at letting their businesses pay the lowest wages, who’s best at busting unions, who’s best at letting companies pollute as much as they want. That’s a race to the bottom that we can’t win, and we shouldn’t want to win that race. (Applause.) Those countries don’t have a strong middle class. They don’t have our standard of living.
This is sad that he feels we can't compete. The government causes much of our lack of competition by heavy handed regulation and taxes. Why doesn't he do something to increase our competitiveness in the world?
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The race we want to win, the race we can win is a race to the top -- the race for good jobs that pay well and offer middle-class security. Businesses will create those jobs in countries with the highest-skilled, highest-educated workers, the most advanced transportation and communication, the strongest commitment to research and technology.
He has no idea how to create jobs. Businesses don't exist to hire high skilled workers. Business at its root is about fulfilling a need, want, or desire - by selling products and being compensated in the process.
He's not way off base. Are you implying that an owner was the only producer to work the factory? Of course not, it takes other humans to produce in large numbers. If the factory owner was allowed to keep 99% of all gold then true growth would not have taken place. We would be a third world country or Mexico the 2nd at the least.
If the factory owner kept 99% of the revenue there would be no reason to produce in large numbers since there would be no mass demand for it.
Capitalism created the middle class not the government. That's why there was no middle class in the Soviet Union.
He's not way off base. Are you implying that an owner was the only producer to work the factory? Of course not, it takes other humans to produce in large numbers. If the factory owner was allowed to keep 99% of all gold then true growth would not have taken place. We would be a third world country or Mexico the 2nd at the least.
The owner pays the employees - not the government - that's my point. Is that not true?
Looking at the country now, we basically do the same thing that we have for about 100 years. All of the things you're whining about were in place during the W's reign too, but somehow I guess you weren't complaining then.
Hard work and productivity aren't enough. You need education as well.
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Business at its root is about fulfilling a need, want, or desire - by selling products and being compensated in the process.
Yes, but we can't produce anything without highly educated talent.
Looking at the country now, we basically do the same thing that we have for about 100 years. All of the things you're whining about were in place during the W's reign too, but somehow I guess you weren't complaining then.
Hard work and productivity aren't enough. You need education as well.
Yes, but we can't produce anything without highly educated talent.
Steve Jobs - not highly educated by the way.
Who are you or anyone else to say who can and cannot produce anything?
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