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Obama is destroying the middle class . Wait till Obamacare goes through.. they will be poor .It is the spread the wealth around.. the middleclass will be hit the hardest.
Trade agreements are to blame. You set up Nafta and "most favored nation" trading status with China how could you expect any other outcome? The workers in China and Mexico earn 1/5th the wage an American worker earns yet the owners of CAPITAL earn MORE by moving production (aka costs) offshore.
You voted for this mess. Ross Perot warned you but nobody would vote for him. Enjoy the world you created.
I voted for him and still have a shirt with Perot on it . How dumb the people were to not listen to Ross Perot.. a patriot.
Just saw on NBC Nightly News that the richest 1% of the population made 20% of all available income.
And people here don't think that the middle class needs unions
The income gap hasn't been this bad since the 1920's.
And then there is this.
Some quick statistics: The top 1% of earners pay 21.20% of all taxes paid at an average rate of 24%, the top 2 - 5% of earners pay 14.55% of all taxes at an average of 18% (Top 5% pay @36% of all tax) The bottom 50% pay 3% of all tax collected at an average rate of 2.98%.
Just saw on NBC Nightly News that the richest 1% of the population made 20% of all available income.
And people here don't think that the middle class needs unions
The income gap hasn't been this bad since the 1920's.
Looking at unions and where they have taken their members in income I'd say they are part of the problem. When looking at upper middle income few are union members and then they is the jobs their milked to collapse because they think nothing of the cow they are milking.
Trade agreements are to blame. You set up Nafta and "most favored nation" trading status with China how could you expect any other outcome? The workers in China and Mexico earn 1/5th the wage an American worker earns yet the owners of CAPITAL earn MORE by moving production (aka costs) offshore.
You voted for this mess. Ross Perot warned you but nobody would vote for him. Enjoy the world you created.
We were also told, and still the lie is repeated on how expensive things would be if it was all made in America.
The income inequality was nothing then like it is now.
The gains have all gone to Wall Street and the Top positions in the corporate world.
I compared the cost in inflation of various goods like TV's made in the 50's in this country compared to the costs today, and while the newer models were quite expensive, once the developments costs were recouped a few years later, there is not much difference to the prices today. All the gains are not going to the majority of American People, not in products, not in money and not in jobs.
Not to mention the quality and longevity of items back then.
Obama is destroying the middle class . Wait till Obamacare goes through.. they will be poor .It is the spread the wealth around.. the middleclass will be hit the hardest.
There's very little middleclass to destroy after Bush. Unfortunately, Obama has not done anything to improve things. Two horrible presidents in a row has made it tough for many.
Some quick statistics: The top 1% of earners pay 21.20% of all taxes paid at an average rate of 24%, the top 2 - 5% of earners pay 14.55% of all taxes at an average of 18% (Top 5% pay @36% of all tax) The bottom 50% pay 3% of all tax collected at an average rate of 2.98%.
If you give me $500,000 I will happily give you 21% of it back.
I bet you're not complaining about wall street and corporations when you look at your savings... That nice rise on the S&P is nice.
I don't deal with the Stock Market because I am smart enough to know that, if the SHTF, the Inside Traders, Politicians and Top Dogs on Wall Street would make sure they take their cut and run leaving the rest of the country dry.
There is nothing moral nor ethical about the cockroaches running this country. To them, it is a dog eat dog world and winner take all. Hope they like HELL.
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