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Thread: The American Middle Class Is No Longer the World’s Richest

  1. #51
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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by rhinefire View Post
    Power and wealth among nations is cyclical. No doubt America is on its way out and China will rule the roost in the future. We lag behind many countries in education and still have wretched poverty and hunger.
    We may luck out in that China has a wealth of problems, not the least of which is rising inflation and social unrest. Japan and all of Europe is aging too rapidly; Russia is a basket case, and Africa...well, let's put it this way, the US is in a solid position to maintain its inherent advantages. We are relatively stable, we have solid rule of law and live in a homogeneous society which pretty much reads from the same book, consumer capitalism, although we are not necessarily all on the same page.

    Remember too...no one has a military like ours.

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by polgara View Post
    Ocean, if we end up paying $8 a gallon for fuel for cars, people will pay it! Oh, we'll all be totally PO'd about it, and we'll scream and holler, but we will pay it, because we love the mobility that cars give us. As more energy efficient cars come to market, like the electric cars did, and if longer distances between recharges become a reality, and if they don't look totally dorky, and are reasonably priced, people will buy them. It seems to me that a lot of jobs could be created just at the recharging stations alone. I think it will happen soon, too, because riding a bike just isn't for everyone. If you have a 40 mile commute from home to your job, and since snow-covered roads are a hazard in the Northern part of the Country, you aren't going to think about riding a bike for six months out of the year.

    Greetings, ocean515.
    Hi Polgara - If gas gets to $8 people will be forced to pay it. And it will get to $8. Right behind those increases will be the EPA mandated increases in MPG. To offset the lower gas taxes collected, the feds will likely raise the taxes on gas.

    Of course, at the bottom of the pile will be people who can't afford the new cars with the improved fuel mileage and can't afford $8/gal gas. It will interesting to see how these people are used by the left for political gain.

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by What if...? View Post
    Stockholder dividends.

    It is often overlooked that ita not just the money the wealthy own but also that which they CONTROL that is an issue.

    Everybody's retirement money is the money used to make much of the uber rich's money.

    They have all our eggs in their basket. Their own eggs are kept in different baskets, so when the basket falls ots only OTHER people's money that is lost.
    The middle class in not growing smaller because of stock holder dividends, or executive pay, or the Koch Brothers...

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by Deuce View Post
    Canada's system is far more affordable!
    When are you moving there? It sounds like Heaven.

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by ocean515 View Post
    Hi Polgara - If gas gets to $8 people will be forced to pay it. And it will get to $8. Right behind those increases will be the EPA mandated increases in MPG. To offset the lower gas taxes collected, the feds will likely raise the taxes on gas.

    Of course, at the bottom of the pile will be people who can't afford the new cars with the improved fuel mileage and can't afford $8/gal gas. It will interesting to see how these people are used by the left for political gain.
    Cash for Clunkers, part deux. Only this time, those poor people will be forced to BUY the clunkers.

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by Aunt Spiker View Post
    That makes no sense.

    How is a middle class considered the most affluent class? I assume they're talking about 'among all middle classes' which in itself is silly. We're all still middle class, are we not?
    I guess everyone expect the American middle class to be the best and richest.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by calamity View Post
    It's a problem moving forward. I work with both America and Foreign automotive manufacturing companies. It's obvious which ones reinvest for the future and which ones pull maximum possible money out of the business to pay bonuses for executives and dividends for investors.
    I don't see it that way. Imagine the cost of meeting all the regulations the government places on automobile manufacturers. It's a miracle they can produce the quality of vehicle they do, for the prices they charge. Is there any wonder why so many domestic manufacturers have moved production to places like Mexico?

    The government can't demand a car transport 4 people in relative comfort in what amounts to as a safety cushion comprised of high tech alloys and air bags while emitting little but water and a wisp of pollutants, while returning something like 50mpg, with a 100k mile guarantee, at under $20k, and expect it to be built by people making $50/hr.

    We are regulating our economic health right into to the toilet, and aren't willing to listen to those who are warning people about it.

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by tres borrachos View Post
    Cash for Clunkers, part deux. Only this time, those poor people will be forced to BUY the clunkers.
    Exactly. And somebody will be asked to help them pay for it.

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by ocean515 View Post
    There are many reasons products are procured from overseas. The ex-governor had nothing to do with that. He also had nothing to with trying to turn California's fortunes around. When business in penalized, as it has been by Progressives who run California, they leave the state. There is no other reason to explain how a state with so much going for it has seen such a tremendous loss of manufacturing jobs over the last few decades.
    CA had an opportunity to use federal funds to rebuild infrastructure and help the US economy at the same time. They blew it. Instead of investing US money into the US economy, they opted (with Schwarzenegger as Governor) to use state money instead to outsource the work of the Bay Bridge to China.

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    Re: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by rabbitcaebannog View Post
    CA had an opportunity to use federal funds to rebuild infrastructure and help the US economy at the same time. They blew it. Instead of investing US money into the US economy, they opted (with Schwarzenegger as Governor) to use state money instead to outsource the work of the Bay Bridge to China.
    That's an interesting bit of information.

    How do you explain this?

    Eastern span replacement of the San Francisco

    Although it was somewhat controversial, authorities decided to allow bids to include major components and materials not made in the United States.[24] This was partly due to the cost of materials, and especially due to the lack of suitable fabrication facilities within the United States, or even within the western hemisphere. In contrast, China, where the SAS deck components were built, has low cost materials producers. Other major components were produced in Japan, owing to the availability of large steel casting, welding, and machining capabilities. Suspender saddles were made in England. As Federal highway funds generally come with "Made in America" restrictions, the bridge was built without such funds, for which it would otherwise qualify owing to its carriage of Interstate 80.[25]

    When the government, along with added costs of union labor, regulates industries out of existence, what do you expect?

    If you want the real story, rather than try to point to the Republican, go here: Unparalleled bridge, unprecedented cost | San Francisco Public Press

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