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actually income have been rising, and leading inflation
a 69' Chevy Nova (my first car) was just under 3k brand new
a 20' chevy impala 37k
[/color] its the globalist liberals that sent all the jobs to china, not the repugs
Wrong
In the late 90s, you had millions protesting against trade with China and the Chamber Of Commerce and Business Communities had the protests shutdown and called the protesters liberal anti business commies.
its the globalist liberals that sent all the jobs to china, not the repugs
No idea who Novoc is but its the total purchasing power including wages after inflation that has been stagnant for decades relative to the middle class. I think you would be hard pressed to find an economist that disagrees. Gains have gone entirely to the top brackets but minimum wage workers have made some gains through shortages and minimum wage increases.
Quote:
On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s been in nearly two decades (3.9% as of July) and the nation’s private-sector employers have been adding jobs for 101 straight months – 19.5 million since the Great Recession-related cuts finally abated in early 2010, and 1.5 million just since the beginning of the year.
But despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers.
I agree with progressive taxation but at the top federal bracket (39.6%) plus state/local, for high income people their total tax burden is already over 50% in many cases. I don't think increasing it too much more than that is a good idea.
Everyone always cites the 50s, but the effective tax rate was not 90% then.
I think an effective tax rate of 50% is quite progressive.
Wrong
In the late 90s, you had millions protesting against trade with China and the Chamber Of Commerce and Business Communities had the protests shutdown and called the protesters liberal anti business commies.
its liberals like Clinton and both bushes, and obama that did all the trade agreements... and the "new" liberals like AOC want more of it...more globalization
its liberals like Clinton and both bushes, and obama that did all the trade agreements... and the "new" liberals like AOC want more of it...more globalization
That is because they are all Big Business Puppets.
Back in the day, there used to be pro labor presidents but big business completely crushed them.
They threw them out of DC and they threw them out of the market place.
So now we are stuck with banking and corporate stooges and puppets.
uhm… the outsourcing of jobs....globalization is a true leftist policy....
No, that was brought to us by "Free"Market Capitalists. The world is ours to exploit.
Capitalism and Nationalism are at odds with each other.
Nationalism says this nation comes first.
Capitalism says my wallet comes first, **** the nation.
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