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MEDIAN HOUSEHOLD INCOME EXPLODES
No, what America needs is to restrict upper-income amassment of riches. Far too much goes to too few who pass it on to their inheritors (who deserve nothing of it)!
But that aint-gonna-happin until America-itself wakes up to the fact that enriching people-at-the-top is not the ultimate goal of a dynamic-and-fair economy - and until then life is going to get worse at the bottom before the top gets better-taxed.
Are we waiting for the BigBang? Time will tell, because its just gotta happin'. Too manny (riches for so few) is simply too much - and their wealth can be better spent improving the lives that need it most - those at the bottom who (by proper education and/or instruction) get better paid jobs;
Around 15% of Americans live below the Poverty Threshold (family of four) is $26.5K and they aint comin' out any time soon. Consider this graphic of "median household income" from here: https://fred.stlouisfed.org/graph/?g=I4sq#0
To see what that graphic looks like you'll have try to hook it on your own. The FRED does not allow it to be linked - just displayed. My point nonetheless is that in 2014 median-household-income "burped" and started to shoot upward. Last data point in 2020 is around $68K per family! (Up from $57K!)
That's a pretty damn good income-level for the US! It would help to know how and why it shot up to that level in only 5 years to understand if it intends to remain at its highest and most recent figure ... !
The rich and large corps have good control over the present tax system and are doing just fine, thank you. A flat-tax system would be sold as something that would be better for the middle class, but instead would be even better than what already favors more than before the last new tax plan that favored the rich and large corps, leaving the middle class and those with less with less.
No, what America needs is to restrict upper-income amassment of riches. Far too much goes to too few who pass it on to their inheritors (who deserve nothing of it)!
But that aint-gonna-happin until America-itself wakes up to the fact that enriching people-at-the-top is not the ultimate goal of a dynamic-and-fair economy - and until then life is going to get worse at the bottom before the top gets better-taxed.
Are we waiting for the BigBang? Time will tell, because its just gotta happin'. Too manny (riches for so few) is simply too much - and their wealth can be better spent improving the lives that need it most - those at the bottom who (by proper education and/or instruction) get better paid jobs;
Around 15% of Americans live below the Poverty Threshold (family of four) is $26.5K and they aint comin' out any time soon. Consider this graphic of "median household income" from here: https://fred.stlouisfed.org/graph/?g=I4sq#0
To see what that graphic looks like you'll have try to hook it on your own. The FRED does not allow it to be linked - just displayed. My point nonetheless is that in 2014 median-household-income "burped" and started to shoot upward. Last data point in 2020 is around $68K per family! (Up from $57K!)
That's a pretty damn good income-level for the US! It would help to know how and why it shot up to that level in only 5 years to understand if it intends to remain at its highest and most recent figure ... !
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