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| The Middle-Class Squeeze; Falling Wealth, Rising Costs | |
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| Tweet Topic Started: Oct 27 2011, 10:01 PM (863 Views) | |
| tomdrobin | Oct 27 2011, 10:01 PM Post #1 |
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Fire & Ice Senior Diplomat
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http://www.dailyfinance.com/2011/10/27/the-middle-class-squeeze-falling-wealth-rising-costs/ I agree the rising income inequality is due to globalization and offshoring. I can't understand why those who have fared so well under the changes need to have big tax breaks. It just exacerbates the problem. Edited by tomdrobin, Oct 27 2011, 10:02 PM.
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| Thumper | Oct 27 2011, 10:05 PM Post #2 |
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Fire & Ice Senior Diplomat
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Greedy bas****s. That's why. Of course I have class envy. |
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| colo_crawdad | Oct 27 2011, 10:09 PM Post #3 |
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Fire & Ice Senior Diplomat
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With that kind of after tax increase in incomes, if you are to believe the right about those people creating jobs in our economy, we should be at 100% employment. But apparently experience shows that right wing mantra to be wrong. |
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| tomdrobin | Oct 27 2011, 10:21 PM Post #4 |
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Fire & Ice Senior Diplomat
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I don't have class envy, nor begrudge success, but rewarding policies like offshoring to increase profits with tax breaks while the worker gets screwed is unjustified. And, what about the right wing resentment of entitlements like food stamps and unemployment compensation. Seems like class warfare to me goes both ways. |
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| Jim Miller | Oct 27 2011, 10:24 PM Post #5 |
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Fire & Ice Senior Diplomat
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How does the worker get screwed? Is he forced to work for someone that he doesn't want to? |
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| Sea Dog | Oct 27 2011, 10:32 PM Post #6 |
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No, Jim, He is forced to pay into his pension!
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| Chris | Oct 28 2011, 12:03 AM Post #7 |
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Fire & Ice Senior Diplomat
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As Kennedy put it, all ships rise with the tide. The rich get richer because they risk more and lose and fall or win and rise. But they take everyone with them. It was pointed out on some TV show last night, forget which, that of those who were on the bottom of the wealth pyramid a decade ago only, iirc, 18% remain there and the rest have risen up. Focusing on inequality and crying unfair as the emotional basis for jumping to the conclusion state intervention is needed, will only tend to level everything. For all ships fall when the tide goes out as well. |
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| Jim Miller | Oct 28 2011, 12:30 AM Post #8 |
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Fire & Ice Senior Diplomat
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I chose to pay into mine. |
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| colo_crawdad | Oct 28 2011, 12:32 AM Post #9 |
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Fire & Ice Senior Diplomat
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But, Jim, didn't you say it was "stolen" from you? |
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| Pat | Oct 28 2011, 12:34 AM Post #10 |
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Fire & Ice Senior Diplomat
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Man their is a lot of anger and envy from the lefties on this board. Rather than look at the positive, you choose focusing on the "poor me" class warfare spiel. Let's look at this realistically for a change. Over the same time period the world caught up with the United States. Companies compete worldwide and wages are a major expense. Did you really think that wages for a coal miner, auto worker, widget maker, or auto mechanic would continue to reflect unrealistically in the market place? The middle class you speak of is the traditional blue collar, high school educated worker. And he is the guy competing to build widgets with a guy in Korea. It was only in the post WWII time frame, when America ruled world commerce, that blue collar workers thrived on unrealistic wage and benefit rates. Prior generations when America was on a more level footing in the world, earned about the same as a counterpart elsewhere. Turning to the top wage earners, the reason they earn what they do is that their ideas and creativity result in more production somewhere in the chain. You are in reality, paid what you are worth in the economy. If you own or are in charge of a large company, your wages reflect the value you bring to the operations. Crying or moping around about who gets more of the pie is silly and immature. If you want a bigger share of the pie, then go get it. Why are you bemoaning the income level of people who are not willing to climb out of their situation? And if you take the money away fro producers and redistribute it, the producers will find a way to circumvent your efforts. They won't sit still like the lower wage earners do. They will take the initiative. Edited by Pat, Oct 28 2011, 12:37 AM.
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