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Originally Posted by sickofnyc
It was the buying power of the American worker that built this country. When the average American worker could afford to buy what he was manufacturing was when the country prospered and built suburbia.
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The average American can still afford to buy things, the only difference is they are manufactured overseas.
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There would have been no rich Americans without the middle class.
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Mox nix, there would be no middle class without the rich. Take away the rich that were born with silver spoons in their mouths, look at the people who have gotten fabulously wealthy because of the corporations they built, or the fabulously wealthy because of the sport they play and train hard at. Now look at the 48% of Americans that pay
In recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by the consulting firm Deloitte Tax.
Tax cuts enacted in the past decade have been generous to wealthy taxpayers, too, making them a target for President Barack Obama and Democrats in Congress. Less noticed were tax cuts for low- and middle-income families, which were expanded when Obama signed the massive
economic recovery package last year.
The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education. It is a system in which the top 10 percent of earners — households making an average of $366,400 in 2006 — paid about 73 percent of the income taxes collected by the federal government.
The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more
money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.
Half of Americans pay no federal income tax - Business - Personal finance - Tax Tactics - msnbc.com
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Now with outsourcing, the demonizing of labor unions and tax breaks for companies that relocate, we are in deep dung.
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While you're at it also mention some of the reasons corporations went overseas, like cheap labor, no EPA restrictions, working conditions are not mandated by the government..... There is no holding back globalization my friend. Oh, and BTW, in case you don't know, America is a capitalist society....
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The rich will not need the Americans to purchase the goods anymore as China and India become their new customers. Their lifestyles are improving and their infrastrucure is surpassing ours.
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The average full time wage in America is $49,483.00 per year, China's average is $896.00 per year....
You talk about elitist rich?, China has the same problem:
Dr. Cheng said: “’WWR’ exposes a basic problem. It is that China’s so-called development completely ignores social justice. It favors or tends to protect the interests of an elite group."
Mr. Liu asserts that what the Chinese people want is simply to be treated justly. “[Those] who work hard [should] earn more, but what’s happening now? Many laborers in China, especially some migrant and rural workers, perform extremely hard labor, yet their wages are very low.”
On the other hand, the wages of state civil servants and employees of state-owned companies and monopolies increase at an alarming rate. Moreover, these workers also get generous benefits while there is no social security system to maintain the low-income class, Cheng said.
China's Minimum Wage One of the Lowest in the World | China | Epoch Times
China's poor:
India's poor:
America's poor:
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We are being sold out by right wing Mafia in bed with Wall Street banksters and big corporations. The disparity between the haves and have nots has been by design. The United States of America was never intended to be an oligarchy.
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So now there is a right wing mafia
that implies there is a middle of the road mafia and a left wing mafia. There are greedy men and women linked to in all societies, and in all levels of their societies.
aaahhh the conspiracy theorists, ya gotta love 'em.
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