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Thread: Census shows 1 in 2 people are poor or low-income

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    just who the heck do you think it is who owns those factories and sits on the board which makes those decisions?
    Is its that easy perhaps you should open a factory and sit on a board of directors rather than wasting your time on a message board.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by EarlzP View Post
    So the picture is now perfectly clear you support the raping of the poor and middle class of America, You support the advantages that the Chinese have over Americans, you support the bills that make it easier for Americans to lose jobs as long as it lines the pockets of those with enough money to invest in those corporations.

    How long do you think it will be before the Chinese nationalize foreign manufacturing and call in thier markers? Can you speak chinese?
    Do you make it a point to only buy from companies that do 100% of their work in america and not out source? Or do you only deem that the rich and the government take steps to fix this issue and you hold no personal responsability at all and should be absolutely free to indulge in the benefits of that which you rail against until such point that someone ELSE actually deals with the problem other than just bitching about it?

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by conservativeguy View Post
    No rational person does.
    "About 97.3 million Americans fall into a low-income category, commonly defined as those earning between 100 and 199 percent of the poverty level, based on a new supplemental measure by the Census Bureau that is designed to provide a fuller picture of poverty. Together with the 49.1 million who fall below the poverty line and are counted as poor, they number 146.4 million, or 48 percent of the U.S. population. That's up by 4 million from 2009, the earliest numbers for the newly developed poverty gauge."

    From the article. By renaming what used to be considered lower-middle class with low-income, we have effectively split the middle class. I accept that this new "class" has grown in a period of recession, high unemployment and Obama, but what we have here is trying to convince one third of the US population that the are no longer middle class but are now considered low income. I do not recall if there was a term other than lower-middle class before it was redefined in 2009.

    Obviously, this is a way of taking people who are not poor and labeling them 'low income' and then using a 'poor/low income' association to inflate numbers. Many people either don't want to or intellectually can't make the distinction.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by EarlzP View Post
    Lets expand on your truism a little and put things in proper prospective the Chinese are not living up to the trade agreements that allow them to export items from China to America, the Chinese government sudsidises Chinese companies keeping them competitive, China manipulates currency,Imports from China see a 2 to 3% tariff while American exports to China see a 30 to 40% tariff. American taxpayers subsidize the move of American companies to China.
    Romney intends to change that. Vote Romney!

    It's a pure cop out of responsibility to blame a union for a contract negotiated with management, management controls the purse strings and no one is holding a gun to thier head during negotiations.

    In many areas of the world, though perhaps not in yours, unions have the right to shut down the means of production if the owners or theit representatives do now submit to their demands. It's called a "Strike". These "strikes", or the threat of "strikes", have made many of these manufacturing plants, particularly in the auto industry in Detroit, uncompetitive and thus largely unmarketable.

    Comparing an American worker to a monkey speaks volumes about you. American companies manufacturing vehicles did not upgrade thier plants, did not put out a product that was competitive with foreign manufacturers.
    And now you know why. Union leaders were not thinking long term to the best advantage of their members and, as well, they protected some of their more inept members far too enthusiastically
    Given a level playing field the American workers are the best in the world
    Yes, given a level playing field. But the Unions made sure these playing fields were not level. That's why Detroit is a ghetto today and right to work states are doing much better.
    Last edited by Grant; 12-19-11 at 10:20 AM.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Penderyn View Post
    For people in a very advanced economy, yes, I believe that a very high proportion of the US population are poor, because I read honest capitalist papers like the Economist. No, they are not as poor as the people in some the places the system exploits, but nor were they before leaving their own countries for money, were they? It is a choice, living in an extremely unequal society in the hope of getting rich, and I'd say that except to the eye of faith that hope is scarcely now visible.

    So, what kind of system do you envision that would rectify this perceived disparity? Are there no poor, or working poor in the UK? they seem to have all the HC that the article is shilling for...So what's up with that?


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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    So you've abandoned your previous claim that prices were up due to QE. That's cool.
    I discussed that elsewhere.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by 1Perry View Post
    There are a few things the government does have to do.
    Yes, a few. And a good number voters have asked, that business has asked for, that corporations have asked for, and paid good money to politicians for. You'd think they wouldn't mind payng for them.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Census shows 1 in 2 people are poor or low-income

    Our money is only as good as our government. Currently our government is in the crapper, so our money is worthless (pretty much) and unless you earn more that a quarter mil a year, you too are hurting. Pretty much 1 in 2...maybe even 1 3/4 in 2.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by GreenvilleGrows View Post
    I realize it's way off post, but whysoserious are you out of work? I don't know anything about you (you could be disabled, unemployed, a student, etc.). I'm just curious, because $40,000/year ought to be PLENTY for 2 people in Charlotte to live and save money in Charlotte. If you earn anything, the entire "anything" could go towards investing, saving, etc. The caveat being that you shouldn't be buying new cars (car payments) or have hundreds of dollars a month in cell phone bills. If you have huge medical expenses, that's something different.
    I just graduated. Looking for a job right now and I have a line on a few.

    Quote Originally Posted by Meathead View Post
    You are no longer lower-middle class. You are now called low income. Have you considered getting a job since you can't live off your gf's 40K?
    That's such a libertarian comment to make. Again, I just graduated and am looking for a job right now. I had a job, but I decided it might be worth it to quit so I could pass a semester ago when I was taking: Calculus IV, Actuary Math 1, Probability and Stat II, and Differential Equations (plus some Risk Management class). Or is that not good enough for you?

    ****ing libertarians think they know everything about everyone when it comes to money.

    Quote Originally Posted by Harry Guerrilla View Post
    This year looks like I'm going to end up making $26k, with a family of 4, no gov assistance.
    Just bought a house, don't live pay check to pay check, have savings, investments, am saving for a down payment on a new car.

    Not accusing you of, but maybe there is a lot of frivolous spending going on some where.
    Then again, maybe Charlotte is more expensive.

    At $40k, with just 2 people, I'd be able to fully fund a Roth plus have a lot of disposable income.
    You're a boss, man, I don't know how you do it. There is certainly some frivolous spending, and we have a few nice things - for sure. She has a $200 car payment every month and we do have social lives. She has 401k and she is funding it with like 5% of her paycheck or something like that. I just can't imagine how you do it though. Four people on your health plan? Plus rent/mortage? Plus gas, food, utilities, and clothing for the kids. Then any entertainment - and kids almost have to have internet for school these days.

    When I lived in a more rural area and my girlfriend was going to school, I made about $28k a year and I supported us. But we were barely skating by on that and rent was pretty cheap ($550 a month). Just to be real, HG, living on $28k for a family of four is not easy, not possible in all areas, and probably not fun no matter where you live.
    Ted Cruz is the dumbest person alive.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Cole View Post
    Yeah, kinda like those idiots in Washington DC presently borrowing 40 cents out of every dollar they spend.


    (Wait a minute!!! That's almost 50%...!!!! )
    I'm not an economist, but doesn't the government borrow on next to 0% interest though?
    Ted Cruz is the dumbest person alive.

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