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The American middle class, long the most affluent in the world, has lost that distinction.
While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.
After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.
http://www.nytimes.com/2014/04/23/u...-is-no-longer-the-worlds-richest.html?hp&_r=0
Thanks to govt debt and tax laws as far as I'm concerned.
http://www.nytimes.com/2014/04/23/u...-is-no-longer-the-worlds-richest.html?hp&_r=0
Thanks to govt debt and tax laws as far as I'm concerned.
Guess that "trickle down" economy has been drying up.
http://www.nytimes.com/2014/04/23/u...-is-no-longer-the-worlds-richest.html?hp&_r=0
Thanks to govt debt and tax laws as far as I'm concerned.
Although economic growth in the United States continues to be as strong as in many other countries, or stronger, a small percentage of American households is fully benefiting from it. Median income in Canada pulled into a tie with median United States income in 2010 and has most likely surpassed it since then. Median incomes in Western European countries still trail those in the United States, but the gap in several — including Britain, the Netherlands and Sweden — is much smaller than it was a decade ago...
Three broad factors appear to be driving much of the weak income performance in the United States. First, educational attainment in the United States has risen far more slowly than in much of the industrialized world over the last three decades, making it harder for the American economy to maintain its share of highly skilled, well-paying jobs.
I'm a little confused as to how you came to that conclusion.
First, did you actually read the article? Or just the headline? Allow me to quote:
The second reason it cites is that the most productive companies are contributing wealth mostly to its top executives, and that the cash flow isn't making its way to the middle class. Unions are declining and our minimum wage is lower than in many other countries, including the ones gaining ground on us. The third reason is the the United States, despite favorite Republican talking points, does not redistribute wealth like Western European countries do, which hurts middle and lower class families.
It's ironic that your conclusion appears to be in stark contrast to what the article - and the facts - say. You want a stronger middle class? Then vote for the liberals, dude. The rich in America are better off than anywhere else in the world. On the other hand, the middle class need access to education and health care at a cost they can afford, which is something that other countries are accomplishing. But we aren't.
http://www.nytimes.com/2014/04/23/u...-is-no-longer-the-worlds-richest.html?hp&_r=0
Thanks to govt debt and tax laws as far as I'm concerned.
How you draw that conclusion is a mystery to us mere mortals. You do know that Europe and Canada's taxes are higher than ours. Right? And, I would not be surprised to see that their debt is not all that much lower. So, you'll have to explain how A + B = your Chttp://www.nytimes.com/2014/04/23/u...-is-no-longer-the-worlds-richest.html?hp&_r=0
Thanks to govt debt and tax laws as far as I'm concerned.
So our tax laws should be more like Canada's, eh?
It's ironic that your conclusion appears to be in stark contrast to what the article - and the facts - say. You want a stronger middle class? Then vote for the liberals, dude. The rich in America are better off than anywhere else in the world. On the other hand, the middle class need access to education and health care at a cost they can afford, which is something that other countries are accomplishing. But we aren't.
I'm a little confused as to how you came to that conclusion.
First, did you actually read the article? Or just the headline? Allow me to quote:
The second reason it cites is that the most productive companies are contributing wealth mostly to its top executives, and that the cash flow isn't making its way to the middle class. Unions are declining and our minimum wage is lower than in many other countries, including the ones gaining ground on us. The third reason is the the United States, despite favorite Republican talking points, does not redistribute wealth like Western European countries do, which hurts middle and lower class families.
It's ironic that your conclusion appears to be in stark contrast to what the article - and the facts - say. You want a stronger middle class? Then vote for the liberals, dude. The rich in America are better off than anywhere else in the world. On the other hand, the middle class need access to education and health care at a cost they can afford, which is something that other countries are accomplishing. But we aren't.
How would voting for liberals help the middle class?
I thought the ACA gave everyone access to affordable healthcare?
These conclusions are absurd and completely ignore the primary basis for the changes. At the heart of the matter is the dramatic loss in manufacturing jobs in the United States. Until we address this fact with honest conversations and actions, the transition to servicing other countries products will continue.
The first place to start, which continues to be ignored, is the intense regulatory environment we ask small business to operate in. What typically happens is the demagogues step in and start a finger pointing session that includes words like greed and exploitation, with massive doses of "shipping jobs overseas" thrown in. In response to honest hardworking businesspeople seeking relief we get narratives from the regulators that suggest those seeking help want a business environment void of any regulation at all. Oh what a barren landscape they paint! Blade Runner gone wild.
The bottom line is, it is impossible to create middle class wealth by earning a portion of what is charged per hour to process paperwork, or fix a computer. Until we can once again generate good wages across a broad line of manufactured goods, it will be nothing but meaningless words, empty promises, and pointless accusations.
The rich will always be rich, Dude.
The ACA does a tremendous amount of good for those impoverished people who you contend don't need help.
I challenge you to find one post from me where I made any such statement. I said no such thing about impoverished people.
I'll wait for the post where I said poor people don't need help.
I was inferring. You had several posts about how all people have equal opportunity to succeed. Therefore, one can infer from that belief that impoverished people, who have the same chance of success as anybody else, do not require help.
I'll wait for the logic that contradicts my conclusions about your beliefs.
If you "inferred" that from my posts about a subject that had nothing to do with the ACA, that's on you. People who don't know what people think shouldn't pretend to be mindreaders over the internet.
So using logic to infer is a supernatural occurrence to you?
Magnets, bro, how do they work?
http://www.nytimes.com/2014/04/23/u...-is-no-longer-the-worlds-richest.html?hp&_r=0
Thanks to govt debt and tax laws as far as I'm concerned.
I'm not your "bro", and you put words in my mouth about the ACA that I never posted. You even admitted I never posted them.
If you would like to know my thoughts on the ACA and how it helps the poor people, I would suggest you go into the ACA section and read my posts. I state repeatedly in there that the ACA is a great entitlement for those who need it, and say repeatedly that there are millions in this nation who need help paying for their healthcare insurance.
I detest when people are dishonest, which is exactly what you just were, and I called you out on it.
Now have a nice night.
These conclusions are absurd and completely ignore the primary basis for the changes. At the heart of the matter is the dramatic loss in manufacturing jobs in the United States. Until we address this fact with honest conversations and actions, the transition to servicing other countries products will continue.
The first place to start, which continues to be ignored, is the intense regulatory environment we ask small business to operate in. What typically happens is the demagogues step in and start a finger pointing session that includes words like greed and exploitation, with massive doses of "shipping jobs overseas" thrown in. In response to honest hardworking businesspeople seeking relief we get narratives from the regulators that suggest those seeking help want a business environment void of any regulation at all. Oh what a barren landscape they paint! Blade Runner gone wild.
The bottom line is, it is impossible to create middle class wealth by earning a portion of what is charged per hour to process paperwork, or fix a computer. Until we can once again generate good wages across a broad line of manufactured goods, it will be nothing but meaningless words, empty promises, and pointless accusations.
The rich will always be rich, Dude.
Well they are much simpler just the tax rates are higher.
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