Death To The Middle Class
shailynn
They never tell you what you need to know.
Lower wage workers have had their pay increase significantly while most middle class or white collar workers have seen their pay stay stagnant - affecting them the most when everything costs more.
Everyone wants to work at home especially during COVID and especially the middle class as many of them have jobs that can be worked from home. Not many corporations are saying “why do we need all these white collars workers / management now?” Proof? Ford Motor Co just laid off 3,500 white collar workers to trim costs.
It’s something I’ve said before, all these people I know ran out and bought boats, RVs, shiny big new SUVs with the little money they saved during COVID, now are having trouble keeping up with it costing double to fill their gas tank, flights are double to go on those vacation trips, and biggest of all those grocery store trips are costing double. The result? Higher end retailers like Nordstroms and Saks are composing that customers aren’t even buy the shit on the clearance racks now.
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44 comments
SJG
What a middle-class and even a very large middle-class, then high top tax rates. That money creates jobs and business opportunities, as well as government services.
SJG
SJG
SJG
Which is why high-tax states like California, New Jersey, and Connecticut have the greatest inequality.
The top 10% own almost 70% of the country's total wealth.
What throttle down or economy is the Reagan tax cuts, which has let the fruits of our productivity go into Ponzi Schemes.
SJG
SJG
Cover: Promises in the Dark performed by School of Rock Fort Washington Houseband
https://www.youtube.com/watch?v=Q-DoQiSj…
https://www.youtube.com/watch?v=T48ATe-e…
These high tax rates you seem to love from the 50s-60s were actually paid by infinitesimally few people. The functional tax rate is pretty stable over time. If we want the rich to pay more, what we need is fewer deductions, which means we stop trying to socially engineer outcomes through the tax code. The working class, working a W-2 job with only the standard deduction, can't play their games.
We cut down and simplify the tax code, there's transparency on who pays what, no loopholes for the rich (who can take advantage of them), and all the accountants and lawyers dedicated to helping them avoid taxes get repurposed.
When this idea gets proposed, it comes from a handful of renegade Republicans. The rest are addicted to social engineering, and the lobbying dollars it gets them.
People use capital gains to get around the taxes on direct income.
The entire economy has been socially engineered. Has to be that way when you have industrialization.
SJG
Inflation most hurts those on a fixed income, and those W-2 based workers whose incomes can't keep up. It causes more misery on the whole than recession.
and caused by those stupid covid bail out payments. We need to make the securities and real estate bubbles eat it, not our currency.
SJG
If it was all middle management,they'll swallow hard and eventually hire them back when productivity goes haywire. Kinda like strip clubs don't think they need a house mom until brawls spill out of the locker room and onto the floor.
Caused by bipartisan easy money for 12 years. It was a good idea from maybe 08-10 and 2020 then should have been pulled back. COVID bailout payments were the straw that broke the camel's back.
2Icee... I don't know what kind of shit-hole place we live in where a stupid douchebag like you has a platform to spew your mindless crap, and then otherwise intelligent people actually respond to your dumb ass.
THIS is exactly what I am hoping too.
I will say in my town there are a lot of new businesses popping up, several which look promising, I hope people will have money to patronize them…
We have to be careful about going overboard with taxing the rich. So far, having rich people has been the relatively optimal way of getting the most growth and innovation out of investment capital.
We're made of the same flesh and bone as the people of revolutionary France and revolutionary Russia. It's simply arrogant to assume that we can do better than them with revolutionary change. We have to stop being children and hero worshiping blowhards who claim to have all the answers. We need to elect people who say this is what I think the direction is we should go in, in smaller steps, so we can backtrack if it doesn't work. If it doesn't work, I'll get out of the way and let another leader try a different direction.
I bet a lot better solutions would be made if politicians really did enact bills and laws that truly did benefit all citizens instead of doing what they can to stuff their pockets and protect their friends/interests.
People enter the country illegally, gain asylum or other amnesty, and begin receiving food cards, free housing, free medical care, free education, and more. They do not pay taxes because they have no income. There are also natural born citizens who maintain chronic underemployment to enjoy the same benefits without paying anything into the system. The upper class who supposedly "control 70% of the wealth" also pay 99% of the taxes that find those deadbeats and criminals. However, many of those high earners do not feel the pain as acutely as the middle class does. The inflation increase of food, gas, fuel, and utilities does not impact them as severely as it does the middle class. A monthly disposable budget of $5,000 does not have the same impact on a $750,000 annual income as it does in a $65,000 annual income.
The solution is not to increase taxes. The solution is not to spend an additional $500,000,000,000 on entitlements. The solution is, and always has been, to decrease spending. Take the funds that are being used to support illegals and use it to find them, deport them, and secure the border to prevent re-entry. Take the funds used to fund the daytime soap opera fans to retool unemployment services to train skills and guide towards employment. All of this will increase tax revenue and free up additional funds to retool our entitlements for those who cannot be employed.
The true villains in all of this are not eh uber-wealthy. It is the politicians. Cut their benefits IMMENSELY. Return their offices to public services. A representative from Charlotte, NC should live in Charlotte, NC. No condos in DC. Obliterate Washington, DC and return the land to MD and VA. The District of Columbia should be limited to buildings and very limited areas like the White House, the Capitol, the National Cathedral, monuments, etc. The only residents of DC should be the first and second families. They do not need a police force, mayor, etc. When representatives and senators go to DC to vote, they should live in dormitory-style housing. Their pension should be sent private like our 401(k), and their healthcare should come from their state insurance exchanges. Term limits for every office. 10 for reps, 2 for senators, 20 yrs for supreme justices. Senators should be sent by state legislatures, not popular elections. The Senate should be restored to 60 votes to pass bills to restore bipartisan compromise. No more lifelong benefits that are added by office. No more career politicians.
Drop the class warfare and make government work for us again. Until then, this situation will never get better.
Nobody likes to hear that, as it’s like telling an obese person that eating an entire chocolate cake isn’t healthy. Financial discipline is necessary, and it generally needs to be learned early in life. Many of us go without the large expenditures, as they aren’t completely necessary.
I scaled back spending during the pandemic. I had one daughter starting college - and another looking at colleges (during 2020). I had funded 529 plans for both - and they will cover undergraduate and most of their graduate school if they decide to continue their education. But, I didn’t buy anything large during that time.
Who knew how long the pandemic would last - or how bad it might get? Who knew if the economy would plunge into a long recession?
Life requires discipline and when one fits into the middle class - buying a fancy new car - or a boat - or a summer house - during a pandemic is a bad idea!
When you think - I’ve worked hard, and I deserve a speedboat and a nice summer house! - but you are barely making enough to afford one car and rent - you need to reconsider what you need - and once that is covered - then you can start thinking about those fun purchases!
https://www.pbs.org/newshour/show/a-look…
SJG
SJG
And the taxes that need to be higher to make for more of a middle class are the federal taxes. The rich can more easily evade state taxes.
SJG
What made the US unique, great, and free was having a middle class majority. That has been deliberately done away with by the political duopoly and the NWO tyrants.
The New America is a third world shithole by design.