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Old 06-27-2013, 11:06 PM
 
Location: Newport Beach, California
39,230 posts, read 27,623,465 times
Reputation: 16073

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Think you are comfortable middle class, well, think again. Sooner or later, middle class will no longer exist.



01:13 PM ET
Suze Orman: 'Middle class will not exist'

Suzanne Malveaux highlights new stats on shrinking middle class as personal finance expert speaks out against poverty.

Entire article

Suze Orman: 'Middle class will not exist' – CNN Newsroom - CNN.com Blogs
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Old 06-28-2013, 12:38 AM
 
169 posts, read 193,836 times
Reputation: 168
And that has been the master plan all along. It's called neo-feudalism. The people pulling the strings behind the scenes hate the idea of a middle class. We're not talking about the "1 percent", we're talking about the 1% of the "1 percent". And most people have absolutely no idea about this.
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Old 06-28-2013, 05:36 AM
 
11,768 posts, read 10,267,905 times
Reputation: 3444
Elizabeth Warren predicted this some time ago as well. The rich are expected to do well as is the professional class, but people that divorce or have large medical bills and the rest of society is going to move up and then fall back down again. The BRIC countries will have a rising middle class though.
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Old 06-28-2013, 08:11 AM
 
9,855 posts, read 15,210,139 times
Reputation: 5481
Quote:
Originally Posted by lilyflower3191981 View Post
Think you are comfortable middle class, well, think again. Sooner or later, middle class will no longer exist.



01:13 PM ET
Suze Orman: 'Middle class will not exist'

Suzanne Malveaux highlights new stats on shrinking middle class as personal finance expert speaks out against poverty.

Entire article

Suze Orman: 'Middle class will not exist' – CNN Newsroom - CNN.com Blogs
And her source was a poll asking people what they think will happen. She never used actual data. Looking at CBO numbers, the incomes of people in the bottom two fifths of income classes has risen by over 20% beyond the pace of inflation since 1979.

Let's look at actual numbers, not polls of opinion by CNN.
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Old 06-28-2013, 08:23 AM
 
4,130 posts, read 4,462,953 times
Reputation: 3046
Yeah, opinion polls are not a substitute for real research.

It used to be the opinion that people got sick because of demons and bad blood, or thunder was angry gods battling it out. Now society laughs about how ignorant they were.
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Old 06-28-2013, 08:29 AM
 
Location: Great State of Texas
86,052 posts, read 84,519,997 times
Reputation: 27720
Quote:
Originally Posted by EmeraldCityWanderer View Post
Yeah, opinion polls are not a substitute for real research.

It used to be the opinion that people got sick because of demons and bad blood, or thunder was angry gods battling it out. Now society laughs about how ignorant they were.
You tell me..the government subsidizing 400% above poverty line means the middle class aren't hurting ?
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Old 06-28-2013, 08:36 AM
 
4,130 posts, read 4,462,953 times
Reputation: 3046
Quote:
Originally Posted by HappyTexan View Post
You tell me..the government subsidizing 400% above poverty line means the middle class aren't hurting ?
Firstly, provide evidence of that number being real.

Secondly, if some one (or something) is hurting...does that mean they will cease to exist? You are making a false dichotomy, that if everything isn't completely okay it means dooooooooooom. People have been trying that same argument since...well, recorded back to the black death in Europe in church writings.
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Old 06-28-2013, 08:43 AM
bUU
 
Location: Florida
12,074 posts, read 10,711,454 times
Reputation: 8798
"For taxpayers with income 300%-400% FPL, their premium contribution will be capped at 9.5% of income."

http://www.fas.org/sgp/crs/misc/R41137.pdf
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Old 04-13-2014, 12:51 PM
 
Location: Upstate NY 🇺🇸
36,754 posts, read 14,837,240 times
Reputation: 35584
Quote:
Originally Posted by Box101 View Post
And that has been the master plan all along. It's called neo-feudalism. The people pulling the strings behind the scenes hate the idea of a middle class. We're not talking about the "1 percent", we're talking about the 1% of the "1 percent". And most people have absolutely no idea about this.

That's exactly what all of Obama's redistributionist (that's how he's described himself in the past) policies are meant to do, too.

It's always the middle class that disappears. And it happens by design.
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Old 04-13-2014, 01:22 PM
 
Location: Great State of Texas
86,052 posts, read 84,519,997 times
Reputation: 27720
People making $15K a year (that's below FPL) are labeled "struggling middle class".

What does that tell you folks ?
We're turning into a 2 class system here and most are oblivious to it.

It's not that the middle class will disappear; it's that what is middle class is being slowly redefined.
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