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I can never follow the mentally twisting circuitous routes that people take to somehow magically over the past 50 years blame everything on "Political Party A" and in the same breath praise to high heavens "Political Party B". Me?=Gooder, everyone over there?=Badder. Monkey pounds on keyboard.
Let's see here, the poor pay no federal income tax (well, nearly half the country pays no federal income tax), and the very rich get so many tax breaks that they pay a lower rate than most of the middle class, and you think the answer is to raise taxes on the middle class?
"Hey, we're almost out of gas."
"Well, pour the rest out and we'll be fine."
The poor get it free and the rich can afford it. The middle class is left to pay the bills.
I'm not an economics expert but I always thought some of the more stable countries in Europe such as Germany, France and the UK had a broader and more prominent middle class.
I'd like to mention that the NY Times wrote a much more in-depth article that the one that the OP posted. In no way am I trying to offend the OP, I just feel that this one has some graphs and has more information to offer.NY Times - The American Middle Class Is No Longer the World’s Richest
Of course not, because of conservative politics and Reaganomics over the past 3 decades. Yet, they still think austerity and tax cutting is the way to go.
wow. I thought I heard the most outrageous thing in the world earlier today when my 6 year old declared that she was Batman.
If we want to go back to being the leader of middle class folks, I suggest we follow other countries and do a free-market system.
I'd like to mention that the NY Times wrote a much more in-depth article that the one that the OP posted. In no way am I trying to offend the OP, I just feel that this one has some graphs and has more information to offer.NY Times - The American Middle Class Is No Longer the World’s Richest
I'm not offended, I'm more interested in learning about the topic. If you have a better source, then congrats to you and me since I'm learning.
Most of the poor still have to pay property and sales taxes, tolls and other fees that are still considered revenue to their state or local governments.
Are the low property taxes paid by the poor enough to cover services? If they are, then the property taxes paid by the middle class should be capped to what the cost of services are. Do you agree? If so, why do you feel the government is overtaxing the middle class?
Quote:
Originally Posted by nep321
In the past 6 years, 95% of all economic gains went to the top 1%. Man millionaires and billionaires are paying no tax whatsoever.
Link please.
Quote:
Originally Posted by nep321
Had the minimum wage kept up with productivity output since the 1960's, it would have been $22.75 today.
When you calculate for inflation ( CPI Inflation Calculator ), it becomes $7.98 by today's standards.
Where did you get this $22.75 amount?
Quote:
Originally Posted by nep321
History has repeatedly shown that raising taxes on the wealthiest Americans always results in stronger economic growth and poverty reduction.
Link please (after the $22.75, we can't really take your word.)
Quote:
Originally Posted by nep321
Over the past 50 years, over 40 million jobs were created under Democrat presidents, compared to only 20 million jobs created under Republican presidents.
Link please (after the $22.75, we can't really take your word.)
Quote:
Originally Posted by nep321
Reagan cut taxes on the rich, made it difficult for unions to have influence and power, and convinced businesses and people to shift from pensions to 401k plans. None of these things made life better for anyone.....other than rich people.
ROFLMAO.
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