Originally Posted by Mike135
Almost makes no sense defining middle class. Depending where ya live and if single or family... $60k to $200k prolly covers lower middle to upper middle across the country.
My main point though is the numbers in that article I posted. 50% of tbis country fights for 1% of the wealth. While the top 10% hordes 74% of the wealth. Think about those numbers. Nuts! That's what decades of mostly Top-Down economics has given us. In the 50's I believe the numbers were more like the top 10% held 50% of the wealth.
We've let greed take over. The top spends and circulates what?.. maybe 4% of the wealth (4 times the amount half the country utilizes) to live like kings. Then gets low tax rates on investments. They horde the money, pass it on to their family and pay minimal amounts to the workers keeping business going. It's an endless process that keeps the divide growing.
More than half of this country either currently needs or is a missed pay check away from needing the "socialistic" safety nets that are really only designed to help a few temporarily.
If you think about it, those on top who complain about the 47% or freeloaders have only themselves to blame. The insane amouts of greed is causing this. Top-down is a possible solution but we've seen that it doesn't work with the levels of greed at the top.
The bottom 50% of this country should be working with at least 8 or 9% of the wealth in tbe country. NOT 1%!!! Then people could spend in the economy and keep off "social" programs. Leaving the safety net to do what it was designed to do... temporarily help those down n out.
This is not Socialism. It's how ya keep a stong country. The rich will still be beyond rich. We just have to stop allowing the top to game the system.
It is socialism. You do realize that the top 1% in the country pay more than 50% of the total taxes? I'm middle class where I live, my income is over 250K. My business profits also run through me because Im a chapter s corp. The new health care and tax plan will greatly affect my income and family. Im not poor by any means, but this system is no better than the one it replaces. Obama wants to create an equal society yet he is not willing to be one of the equals.
This is not about what side of the politics you are on, this is about the future. Bring manufacturing back to the US, create jobs that matter.
This country would not be in the fiscal trouble that it is if people were more responsible, i.e credit card spending and living beyond their means.
If you honestly think these politicians care about you or the earth, God bless you.