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Thread: Middle-class poorer, earned less in 2000s

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    Re: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by Boo Radley View Post
    Nice mindless rant.

    The fact remains, tax rates are lower today. Unions are shrinking. This is what conservatives claim will make the economy roar. I've asked for them to explain why their solution isn't working. Care to take a shot at it?
    The govt isn't spending less. What solution are you talking about? There are more little govt fees everywhere than before, so I don't know what you're talking about.
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    Re: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by TurtleDude View Post
    if you make more than you spend and you can invest the extra what is going to happen?

    do the people who whine about this alleged problem have any valid solutions other than wanting the government to seize more money from the successful?
    Most people don't want the goverment to "seize money" from the wealthy, but rather to stop bending over backwards to treat them favorably.
    As I recall, TARP funds and stimulous money was given to private companies and wealthy individuals to help "stimulate the economy". Seems like they have one heck of a "welfare" program.

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    Re: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by Boo Radley View Post
    Nice mindless rant.

    The fact remains, tax rates are lower today. Unions are shrinking. This is what conservatives claim will make the economy roar. I've asked for them to explain why their solution isn't working. Care to take a shot at it?
    Tax rates are lower than when? Which tax rates?(because there are lots) as well as total tax burden

    The taxes Americans really pay, in two graphs - The Washington Post
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    Re: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by Mach View Post
    The standard of living in the U.S., and our culture, is such that people given the choice, simply do not want to keep cranking on the rat race the way their parents did. Can you blame them?
    I really have no clue where you get that impression from. More people are attending college than ever before. More people are studying hard to learn more complex skills to obtain better jobs. More engineers, more journalists, more web designers, more teachers, more chefs, more technical writers, more everything. More people are striving harder than ever before. Job openings are swarmed with applications. And not just the "good" jobs. Minimum wage jobs. Part time jobs at the dollar store. Making sandwiches at Subway. Nurses. Insurance salesman, even! The rat race is on like it has never been.
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    Re: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by Boo Radley View Post
    Nice mindless rant.

    The fact remains, tax rates are lower today. Unions are shrinking. This is what conservatives claim will make the economy roar. I've asked for them to explain why their solution isn't working. Care to take a shot at it?
    You wonder why unions are shrinking, first is because liberals have controlled congress for 6 yrs now. Second liberals controlled all three branches of government for two yrs during this time period. Last liberals kill economic growth, thus 8+% unemployment, a GDP of 1.5%, and an increased 6 trillion added to the national debt under Obama in just 4 yrs. You're right it's not working under Obama and liberal leadership. Further there are more poor under Obama than ever before, the middle class is taking home less in wages under Obama, more people on food stamps than ever before under Obama, the black community unemployment is over 14% under Obama, etc etc Liberalism is not working.
    Liberals - Punish the Successful, Reward the Unsuccessful
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    Re: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by Mach View Post
    The standard of living in the U.S., and our culture, is such that people given the choice, simply do not want to keep cranking on the rat race the way their parents did. Can you blame them?
    Speaking of the standard of living, it's getting worse for future generations. We are now living on money-steroids, thus far 16 trillion of borrowed steroids and counting. Now when the future generations have to pay that money back, it will be devastating. First there will not be anymore money borrowed, this will force every American to go to AA to recover. Second to make matters worse they will have to dig deep in their pocket to pay this steroid-money back. Instead of their money going to provide a better standard of living and infrastructure, it's going to pay our debt, that we greedy bastards are living on. Surly they will thank us for our living high on the hog while they live on peanuts because any money they do have will go to pay off debt.
    Liberals - Punish the Successful, Reward the Unsuccessful
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    Re: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by Born Free View Post
    You wonder why unions are shrinking, first is because liberals have controlled congress for 6 yrs now. Second liberals controlled all three branches of government for two yrs during this time period. Last liberals kill economic growth, thus 8+% unemployment, a GDP of 1.5%, and an increased 6 trillion added to the national debt under Obama in just 4 yrs. You're right it's not working under Obama and liberal leadership. Further there are more poor under Obama than ever before, the middle class is taking home less in wages under Obama, more people on food stamps than ever before under Obama, the black community unemployment is over 14% under Obama, etc etc Liberalism is not working.
    They've been shrinking for a long time. So, your explanation really doesn't hold.

    Still, you are not really answering the question. Taxes are low. Unions are shrinking. The growth TD says will come with this has not come. Screaming liberals are bad doesn't answer the question.

    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: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by Schutzengel View Post
    Tax rates are lower than when? Which tax rates?(because there are lots) as well as total tax burden

    The taxes Americans really pay, in two graphs - The Washington Post
    From you link.

    So if you take into account the total tax burden, most everyone is paying, and they’re paying surprisingly similar effective rates. And it’s easy enough to understand why someone struggling to make it on $30,000 a year would chafe at paying 25 percent to the tax man in a way that someone cruising along at $500,000 wouldn’t.
    Interesting, but this is more what I'm speaking to:

    Today's income tax rates are strikingly low relative to the rates of the past century, especially for rich people. For most of the century, including some boom times, top-bracket income tax rates were much higher than they are today.

    Read more: THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider

    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: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by American View Post
    The govt isn't spending less. What solution are you talking about? There are more little govt fees everywhere than before, so I don't know what you're talking about.
    Nice effort at trying to redirect the conversation. However, the issue I'm speaking to is low taxes and unions shrinking. TD suggests these things mean jobs. I asked him to explain why with these things jobs haven't happened.

    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: Middle-class poorer, earned less in 2000s

    Quote Originally Posted by Boo Radley View Post
    They've been shrinking for a long time. So, your explanation really doesn't hold.

    Still, you are not really answering the question. Taxes are low. Unions are shrinking. The growth TD says will come with this has not come. Screaming liberals are bad doesn't answer the question.
    Let me give you one tiny example, we send 500 billion a yr to Oil Lords, bring that money home and all the jobs that go with it, and this country would boom. Does Keystone mean anything to you. It should those are union jobs, along with drilling jobs.

    Now lets take California and San Francisco an extreme liberal state, and home to Pelosi, guess what, they outsourced the building of the San Francisco Oakland Bay Bridge to China, all union jobs. These are liberals I'm talking about.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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