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Thread: Canada's Middle Class Richest In Study of Big Nations [W:77]

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    Re: Canada's Middle Class Richest In Study of Big Nations


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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by American View Post
    Thanks, Obama.
    So, American, you say we should be more like canada?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by Carjosse View Post
    Canada has now overtaken the U.S. to become the nation with the wealthiest middle class according to this Globe article, Canada matched the U.S. in median income in 2010 and we have now surpassed the U.S. This is part due to an almost 20% growth income since 2000 while U.S. only had 0.3%, many Western European countries also saw better growth.

    According to the NYT it is: “Because the total bounty produced by the American economy has not been growing substantially faster here in recent decades than in Canada or Western Europe, most American workers are left receiving meagre raises,” the New York Times report says. “Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.”

    I have to say I am not surprised that the American economy stagnated income wise. Sure some individual states have seen growth but overall the U.S. is in the same place it was in 2000. You can't blame one party or president either since both the Republicans and Democrats have had power during that time.
    Middle class income doesn't mean much in and of itself. What really matters is "buying power." How much stuff can you buy with your disposable income? That's where the US and Canada excels above the rest of the world. We have the highest order of buying power for the dollars we have to spend. BTW I checked the Canadian dollar a few days ago. It's trading at .91 cents US and falling. That means my dollar has 10% more buying power than the Canadian dollar right out of the gate. Realistically however, the American dollar probably has 20% more buying power in the US, than does the loonie in Canada.

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    Re: Canada's Middle Class Richest In Study of Big Nations

    This is what socialism does.

    It makes you one big, monochromatic, blob of mediocrity. I mean, who wants to be as nondescript and irrelevant as Canada?

    And when you bottom-feed and race-bait like Obama's ilk does, you create a non-performing, unmotivated, equally poor society of time wasters.

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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by Carjosse View Post
    Canada has now overtaken the U.S. to become the nation with the wealthiest middle class according to this Globe article, Canada matched the U.S. in median income in 2010 and we have now surpassed the U.S. This is part due to an almost 20% growth income since 2000 while U.S. only had 0.3%, many Western European countries also saw better growth.

    According to the NYT it is: “Because the total bounty produced by the American economy has not been growing substantially faster here in recent decades than in Canada or Western Europe, most American workers are left receiving meagre raises,” the New York Times report says. “Finally, governments in Canada and Western Europe take more aggressive steps to raise the take-home pay of low- and middle-income households by redistributing income.”

    I have to say I am not surprised that the American economy stagnated income wise. Sure some individual states have seen growth but overall the U.S. is in the same place it was in 2000. You can't blame one party or president either since both the Republicans and Democrats have had power during that time.
    but but but..... Universal health care destroys economies!

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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by Erod View Post
    This is what socialism does.

    It makes you one big, monochromatic, blob of mediocrity. I mean, who wants to be as nondescript and irrelevant as Canada?

    And when you bottom-feed and race-bait like Obama's ilk does, you create a non-performing, unmotivated, equally poor society of time wasters.


    yup...

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    Re: Canada's Middle Class Richest In Study of Big Nations

    Quote Originally Posted by Carjosse View Post
    More capitalist and low tax, definitely not. We just know how to run a country.
    Or know enough to elect genuine Conservatives.

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    Re: Canada's Middle Class Richest In Study of Big Nations

    The American "Middle Class" has been in decline for decades at least. The financial crisis simply hit this sector much harder than any other, including the lowest class. The Upper class pretty much escaped unscathed from the entire fiasco with a few exceptions, and the poor were supported through the nightmare by Government subsidy.

    This middle class was hit from both, in continued taxation, increased costs, and upper class (Banking) inaction. At this point, it is difficult to say the middle class even exists anymore.

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