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Author: Subject: Middle class share of America's income shrinking

True Peach





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  posted on 8/22/2012 at 12:27 PM

|By HOPE YEN, Associated Press
WASHINGTON (Associated Press) --
The share of the nation's income earned by the middle class has fallen to its lowest level in recent decades. It's been surpassed by affluent earners as median wages stagnate and wealth concentrates at the top in a relatively weak economy.

A study by the Pew Research Center highlights the diminished share for the roughly half of U.S. adults who define themselves as "middle class," with incomes ranging from $39,000 to $118,000.

The report describes this group as suffering its "worst decade in modern history," having fallen backward in share of income for the first time since World War II and losing faith in the future.

In all, 85 percent of middle-class Americans say it is more difficult now than a decade ago to maintain their standard of living.







 

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Zen Peach



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  posted on 8/22/2012 at 12:53 PM
I think we're finding out what "fundamental transformation" meant. The fruition of a "comfortably poor" class, falling somewhere between the former middle class and the poor, characterized by chronic underemployment/unemployment and varying degrees of goverment monetary assistance.
 

Universal Peach



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  posted on 8/22/2012 at 01:16 PM
Nothing new, it's been going on for about 30+ years. Some suggest that the trend began right around the end of the Nixon administration in the early 70's and has continued on ever since.
 

Zen Peach



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  posted on 8/22/2012 at 01:17 PM
America has been Walmarted.

Expectations of quality have been lowered. Quality of life, and quality of items purchased. Quality of income to get a leg up.

The socialist transformation.

[Edited on 8/22/2012 by alanwoods]

 

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True Peach



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  posted on 8/22/2012 at 04:06 PM
Im seeing a transfer of wealth from the working class/middle class, to the wealthy. jobs being outsourced to countrys with slave labor, goods purchaced dirt cheep by american companys/corporations, and sold for TOP DOLLAR here in the US, with no savings passed on to the consumer, and no decent wage being paid to the worker, but a huge profit going to the CEO's and shareholders. is this socialism to you?.

 

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Zen Peach



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  posted on 8/22/2012 at 04:33 PM
Proletariat is as proletariat does.

 

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Zen Peach



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  posted on 8/22/2012 at 04:35 PM
You can blame whomever you choose, it's your right to an opinion.

 

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Peach Master



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  posted on 8/22/2012 at 06:10 PM
with entitlements out of control as they are,you can live off the gov't teet and get along much better than some hard working people,39k on the low end of that scale is probably close to the poverty level for a family of 4
 

Zen Peach



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  posted on 8/22/2012 at 07:16 PM
Just a question, but what are people talking about when they refer to people being on the government teet? What entitlements? Seriously, I hear that a lot and I don't see it or know.

 

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True Peach



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  posted on 8/22/2012 at 07:28 PM
I saw a report on 60 minutes, of jobless familys who were newly homeless, living in their vehicles [with young children] in florida, and the hell they had to go through to get minimal assistance. tell them they are sucking the govt. teat. what bullsh!tt.

 

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Sublime Peach



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  posted on 8/23/2012 at 03:54 AM
Isn't financial warfare fun.

I wonder how it is going to feel when we are all "equal".


The financial "feeding frenzy"
http://www.youtube.com/watch?v=UgnqBOarHHw&feature=fvst






[Edited on 8/23/2012 by jerryphilbob]

 

Zen Peach



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  posted on 8/23/2012 at 11:44 AM
quote:
I think we're finding out what "fundamental transformation" meant. The fruition of a "comfortably poor" class, falling somewhere between the former middle class and the poor, characterized by chronic underemployment/unemployment and varying degrees of goverment monetary assistance.


That was Great Britain for several decades after WWII.

 

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Zen Peach



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  posted on 8/23/2012 at 11:49 AM
quote:
Im seeing a transfer of wealth from the working class/middle class, to the wealthy. jobs being outsourced to countrys with slave labor, goods purchaced dirt cheep by american companys/corporations, and sold for TOP DOLLAR here in the US, with no savings passed on to the consumer, and no decent wage being paid to the worker, but a huge profit going to the CEO's and shareholders. is this socialism to you?.


Please explain what you mean by transfer of wealth. What is "wealth"? Are you saying that all wealth belongs to society and should be distributed equally? I have never bought this disparity in wealth thing. The only thing that matters is whether the living standards for all stratum improve and whether it is possible to move from one stratum to the other. For most of human history both were answerable in the negative. You can't improve things for the lower stratum while making them worse for the upper stratum. Yes the middle and lower strata are suffering terribly under the current economic conditions. But the answer is not to disparage the wealthy and try to confiscate more of their wealth. How would that even work? Would the government literally give checks to the middle and lower strata paid for by the confiscated wealth of the upper strata? It doesn't make sense. The only answer is to improve the overall economy which is in the 5th year of terrible anemic growth. And to provide incentives for private industry to make sought after goods and services better and cheaper through free competition.

 

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Zen Peach



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  posted on 8/23/2012 at 11:52 AM
Whenever this topic comes up, everyone thinks they are talking about the same thing, but they really aren't.

 

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Peach Head



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  posted on 8/23/2012 at 02:17 PM
I can't give you a definition for government teet, but I see it often. I drive through town and see a bunch of young adults and middle age adults sitting on their front porch drinking a beer at 9, 10, 11 am, ... Why are they on the porch drinking beer instead of working? Go up and ask them why they are hanging out. They are on disability or some other form of government assistance. They have been raised to think that is the only way to live. They are not raised to think that hard work, sacrifice, education, and even some risk taking is the way to a better life. They are not raised with the belief that government assistance is a vital tool to be used for emergencies.

More production benefits everyone, especially the middle class. Put the beer down, get off your porch, get off the government payroll, and do something productive for yourself, your family, and the country.

 

Peach Master



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  posted on 8/23/2012 at 03:59 PM
Yes, Jmac there are way , far too many people in our country lviing in entitlement programs. It has run amuck. Yes, it needs to be cut back drastically and some of the same type programs cut. WIC and Food Stamps. Keep Food Stamps and disovle WIC.
I recently saw a girl at a store , a girl who is now a teenage mom to be, and I knew the girl by face from a high school where I worked as a sub and now she is sporting a belly.
She is probbaly due at years' end. Well, she will get: Medicaid for her and her child from head to toe, inside and out and can go to the doctor for anything at anytime, a private hopsital and room and private doctor for delivery, WIC, Food Stamps, and a many other things. I hate to be mena, but this is her first baby, but I doubt at 16,17, or 18 this will not be her last. Yes, amny girls get in this situatioin and move out of this situation by going to school, getting a trade, assoc. degree, a good job, etc. and no more kids, but reality, many, most don't. For a Middle Class kid on the right track, doing everything right, it is hard to go to pay school even with student loan and then find a good job or one job along the way. It is done, but it is not easy.


Push jobs, job core.
Spread the wealth as in Food Stamps program gets spread out to those who have it and to those about to recieve it. You have x dollars for everybody needing it and everybody gets a smaller peice of it. Make Do.

Medicaid. Women and the children are covered from head to toe , inside and out. Gone are the days of having the babies in the county hopsital staying in the ward.
Nowdays, if unwed mothers , teenaged moms, you know all by choice, go to a docotr who takes Medicad, they go to that doctor's hosptial which is a private hopstial and thus a private room. Very nice.I worked as a volunteer at a private hospital on OB/GYN floor.


Get the assembly line, factory jobs back here. Stop outsourcing good jobs like call representatives out and facotry line work.

Get more govt. jobs line picking up trash on roadways. Trash collection. Road work/matching roads/erepair. Custodial work. Ditch digging. Waving /holding the sign that says DRIVE SLOW on the street. Lumber yards. I don't care what a job is along as it is one and you do it, do it well. It is legal and yours.

This article about the Middle Class shrinking, no **** !!!! What braniac just discovered that! ANybody Middle Class could have told you that.

 

True Peach



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  posted on 8/23/2012 at 04:10 PM
quote:
quote:
Im seeing a transfer of wealth from the working class/middle class, to the wealthy. jobs being outsourced to countrys with slave labor, goods purchaced dirt cheep by american companys/corporations, and sold for TOP DOLLAR here in the US, with no savings passed on to the consumer, and no decent wage being paid to the worker, but a huge profit going to the CEO's and shareholders. is this socialism to you?.


Please explain what you mean by transfer of wealth. What is "wealth"? Are you saying that all wealth belongs to society and should be distributed equally? I have never bought this disparity in wealth thing. The only thing that matters is whether the living standards for all stratum improve and whether it is possible to move from one stratum to the other. For most of human history both were answerable in the negative. You can't improve things for the lower stratum while making them worse for the upper stratum. Yes the middle and lower strata are suffering terribly under the current economic conditions. But the answer is not to disparage the wealthy and try to confiscate more of their wealth. How would that even work? Would the government literally give checks to the middle and lower strata paid for by the confiscated wealth of the upper strata? It doesn't make sense. The only answer is to improve the overall economy which is in the 5th year of terrible anemic growth. And to provide incentives for private industry to make sought after goods and services better and cheaper through free competition.


You change the tax codes so that the wealthy, those who have done so well under the tax codes of the last three decades have to now pay a little more for the better of their country that helped make them so successful. Time to close all of the loopholes, stop ridiculous deductions for trivial things like Olympic dancing horses, stop allowing money to be sheltered overseas, and set a fair rate for the top earners. Might not even have to change the rate if you just collect what should be collected in the first place before all of the breaks and loophole tricks. I saw a report the other night that said about half of what should be the actual taxes paid by the wealthiest are actually paid. The effective taxes paid don't come close to matching up with what would and should be paid without all of the shelters and deductions and loopholes. Close all of that BS up and have everyone pay what they actually should be paying, not half or less by taking advantage of all of that bull$hit. Then lower rates a bit for the middle class and poor. In turn they will spend that extra income into the economy which would help everyone in the end. The wealthiest have had all of these silly tax advantages for too long and it is time to give the people that are hurting a break. Give them some loopholes and deductions and shelters or whatever for a while. Alowing the gap to continue to widen at this rate will make the middle class disappear.

[Edited on 8/23/2012 by sixty8]

 

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Peach Master



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  posted on 8/23/2012 at 05:35 PM
Transfer the wealth is a great spin , catchy phrase made by the GOP. Obama and the dumb Democrats started it.

Yeah, Democrats are dumb. They are dumb in a party in they cannot sell what is good to society and beneficial to people who need what they are selling.
The GOP is smart as in cunning that they can sell rape is not rape unless it is forecable to women and that Obamacare is govt. run healthcare as if Medicare is not and that Obama wants to spread the wealth..he wants rich people to spread the wealth...umm most knuckleheads hearing and buying this crap have not yet realized, I don't know why, how, that they don't live like Ann Romney or Laura Bush or yeah, Michelle Obama.
Your kids don't go to Sidwell Friends. Your kids are not friends with nor breathe the same air or even live sort of on the same world so to say as the kids of Sidwell Friends, LOL!!!!!!!!!!!!!!!!!!!!!!!

Obama and the Demos should ahve at least hit people where it hurts. Let it hurt. You have to let it hurt for it to sink in.
$250,000 should not have ever used as if most of us MIDDLE CLASS of combined incomes make $250,000 a year net.

Obama nd Dems mantra should have ..easy. We must support our MIDDLE CLASS. We are losing our MIDDLE CLASS. We must not, cannot over tax out MIDDLE CLASS anymore than we have. We must change our tax system to make it more fair to our MIDDLE CLASS. Our MIDDLE CLASS the glue to our society. Without it, we become like socialist countires or those with monarchies.
Don't mention poor , rich.

Where is Bill Clinton when you need him.
I really wish Hillary was Clinton was PofTUSA, first female Pres of TUSA and Bill as First Man and Obama was VP. That was my first choice. Bill as VP even. How more wacky can the state of affairs here be now.
I think Obama has done ok. Yeah, the situation is tough and whatever, good and bad, is on clock. HE got Osama. He got the economy moving slowly.
When it is on your clock, it is yours good, bad, ok, indifferent. I voted for Obama. I am not voting for him or anyone this go round. I live in a state where I am not registered...have too many other stressful things going on....depressed....
I hope he wins over Romney to finish his 2-terms and ends up smarter and as a ok PofTUSA. Next go round , you will get a GOP for the next 2 PofTUSA cycles and then for 1 more. You ain't seen nothing yet how we are going to go down hill or stay the same for those years. It is not getting better. Too much divison in our counry.

[Edited on 8/24/2012 by SGirl]

 

True Peach



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  posted on 8/23/2012 at 10:39 PM
quote:
Transfer the wealth si a great spin , cathcy phrase made by the GOP. Obama and the dumb Democrats started it.

Yeah, Democrats are dumb. They are dumb in a party in they cannot selll what is good to soceity and beneficial to people who need what they arr selling.
The GOP is smart as in cunning that they can sell rape is not rape unless it is forecable to women and that Obamacare is govt run healthcare as if Medicare is not and that Obama wants to spread the wealth..he wants rich people to spread the wealth...umm most knuckleheads hearing and buying this crap have not yet realized, I don't know why, how, that they don't live like Ann Romney or Laura Bush or yeah, Michelle Obama.
Your kids don't go to Sidwell Friends. Your kids are not friends with nor breathe the same air or even live sort of on the same world so to say as the kids of Sidwell Friends, LOL!!!!!!!!!!!!!!!!!!!!!!!

Obama and the Demos should ahve at least hit people where it hurts. Let it hurt. You have to let it hurt for it to sink in.
$250,000 should not have ever used as if most of us MIDDLE CLASS of combined incomes make $250,000 a year net.

Obama nd Dems mantra should have ..easy. We must support our MIDDLE CLASS. We are losing our MIDDLE CLASS. We must not, cannot over tax out MIDDLE CLASS anymore than we have. We must change our tax system to make it more fair to our MIDDLE CLASS. Our MIDDLE CLASS the glue to our society. Without it, we become like socialist countires or those with monarchies.
Don't mention poor , rich.

Where is Bill Clinton when you need him.
I really wish Hillary was Clinton was PofTUSA, first female Pres of TUSA and Bill as First Man and Obama was VP. That was my first choice. Bill as VP even. How more wacky can the state of affairs here be now.
I think Obama has done ok. Yeah, the situation is tough and whatever, good and bad, is on clock. HE got Osama. He got the economy moving slowly.
When it is on your clock, it is yours good, bad, ok, indifferent. I voted for Obama. I am not voting for him or anyone this go round. I live in a state where I am not registered...have too many other stressful things going on....depressed....
I hope he wins over Romney to finish his 2-terms and ends up smarter and as a ok PofTUSA. Next go round , you will get a GOP for the next 2 PofTUSA cycles and then for 1 more. You ain't seen nothing yet how we are going to go down hill then


I like what you said until the I am not voting part. Nothing personel but if you really care and want Obama to win then get your butt down to register and vote your concience!!!!! All it takes is a few people in every town in the country to not register and or vote and it can change a very close election like the 2000 hanging chad election. Stand up and be counted!!!

 

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Peach Master



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  posted on 8/23/2012 at 11:45 PM
I guess you are right sixty. I am not a felon. I pay taxes. I have been working since I was 17 out of high school. I have a US passport and a US driver's lic. from the state I live in. I have not birthed anyone and had Uncle Sammy foot the bill and if I did birth anyone, I would have taken care of mine.
 

Zen Peach



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  posted on 8/24/2012 at 11:15 AM
More than fifty percent of the population pays NO taxes at all. NONE. Our income tax system is incredibly progressive. There is no economic argument for confiscating wealth from anyone and transferring it to anyone else. There simply is not. The pie is not fixed and it never has been. It expands. Everyone knows this or should. It is why candidates talk about growth. It is why Kennedy in 1960 promised to get the country moving again. It is why the fifties was a time of propserity and the eighties and nineties. The economy grows and that leads to better jobs and better pay and better opportunity for entrepeneuers and others. This notion of "share of the wealth" is a straw horse and is Marxist at its core. And there is a reason Marxism has failed everywhere its been tried and failed badly.

 

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Zen Peach



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  posted on 8/24/2012 at 11:20 AM
quote:
More than fifty percent of the population pays NO taxes at all. NONE.


Can you point me towards one of those no FICA withholding jobs in a place to live where there are no sales or property taxes? It sounds kind of crowded, but for being able to pay no taxes at all it must be a pretty cool place.

 

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Peach Master



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  posted on 8/24/2012 at 12:47 PM
not everybody pays Income tax,last I saw it was around 48%,,,unemployment,welfare,under the table ,or if you just dont earn enough,you have to file you just dont pay anything,I dont believe if you have a EBT card you dont pay sales tax,and obviously if you dont own your home --no property tax,Please dont act like it cant happen.
 

Zen Peach



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  posted on 8/24/2012 at 12:59 PM
quote:
quote:
More than fifty percent of the population pays NO taxes at all. NONE.


Can you point me towards one of those no FICA withholding jobs in a place to live where there are no sales or property taxes? It sounds kind of crowded, but for being able to pay no taxes at all it must be a pretty cool place.


I am referring to federal income tax which is what we are talking about. FICA everyone who is employed pays but it is, presumably, not a tax but an investment in our government funded medical and cash pensions known as Medicare and Social Security.

Do you think the wealthy should fund this for everyone as well?

 

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Zen Peach



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  posted on 8/24/2012 at 01:12 PM
quote:
I am referring to federal income tax which is what we are talking about.


You didn't make that clear the first time.

quote:
Do you think the wealthy should fund this for everyone as well?


"As well?" When did I say that the wealthy should fund anything for everyone?

Keep throwing that Marxist label around, Mr. McCarthy. You do a damn good job of it.

 

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