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

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

    http://www.nytimes.com/2014/04/23/up...t.html?hp&_r=0
    The American middle class, long the most affluent in the world, has lost that distinction.

    While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.

    After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans.
    Thanks to govt debt and tax laws as far as I'm concerned.
    "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 American View Post
    http://www.nytimes.com/2014/04/23/up...t.html?hp&_r=0


    Thanks to govt debt and tax laws as far as I'm concerned.
    You can start pointing fingers all you want but also realize how did we do it...

    Well for a start, people dont go bankrupt if they get sick in Canada.

    You pay the $50, 000 in medical bills now, that person either doesn't die or end up on disability and produces hundreds of thousands of dollars of tax revenue and economic activity in their lifetime.

    Its economical and civilized to boot.

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

    Guess that "trickle down" economy has been drying up.


    Quote Originally Posted by American View Post
    http://www.nytimes.com/2014/04/23/up...t.html?hp&_r=0


    Thanks to govt debt and tax laws as far as I'm concerned.
    Hail to the King baby!

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

    Quote Originally Posted by Chaddelamancha View Post
    Guess that "trickle down" economy has been drying up.
    Yeah, that's all we've had, get a clue buddy.
    "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 American View Post
    http://www.nytimes.com/2014/04/23/up...t.html?hp&_r=0

    Thanks to govt debt and tax laws as far as I'm concerned.
    I'm a little confused as to how you came to that conclusion.

    First, did you actually read the article? Or just the headline? Allow me to quote:

    Although economic growth in the United States continues to be as strong as in many other countries, or stronger, a small percentage of American households is fully benefiting from it. Median income in Canada pulled into a tie with median United States income in 2010 and has most likely surpassed it since then. Median incomes in Western European countries still trail those in the United States, but the gap in several — including Britain, the Netherlands and Sweden — is much smaller than it was a decade ago...

    Three broad factors appear to be driving much of the weak income performance in the United States. First, educational attainment in the United States has risen far more slowly than in much of the industrialized world over the last three decades, making it harder for the American economy to maintain its share of highly skilled, well-paying jobs.
    The second reason it cites is that the most productive companies are contributing wealth mostly to its top executives, and that the cash flow isn't making its way to the middle class. Unions are declining and our minimum wage is lower than in many other countries, including the ones gaining ground on us. The third reason is the the United States, despite favorite Republican talking points, does not redistribute wealth like Western European countries do, which hurts middle and lower class families.

    It's ironic that your conclusion appears to be in stark contrast to what the article - and the facts - say. You want a stronger middle class? Then vote for the liberals, dude. The rich in America are better off than anywhere else in the world. On the other hand, the middle class need access to education and health care at a cost they can afford, which is something that other countries are accomplishing. But we aren't.
    A working class hero is something to be

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

    Quote Originally Posted by Mustachio View Post
    I'm a little confused as to how you came to that conclusion.

    First, did you actually read the article? Or just the headline? Allow me to quote:



    The second reason it cites is that the most productive companies are contributing wealth mostly to its top executives, and that the cash flow isn't making its way to the middle class. Unions are declining and our minimum wage is lower than in many other countries, including the ones gaining ground on us. The third reason is the the United States, despite favorite Republican talking points, does not redistribute wealth like Western European countries do, which hurts middle and lower class families.

    It's ironic that your conclusion appears to be in stark contrast to what the article - and the facts - say. You want a stronger middle class? Then vote for the liberals, dude. The rich in America are better off than anywhere else in the world. On the other hand, the middle class need access to education and health care at a cost they can afford, which is something that other countries are accomplishing. But we aren't.
    Blacks have done so well voting for liberals, yeah.
    "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

    I already posted about this here in MSM.

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

    Quote Originally Posted by American View Post
    http://www.nytimes.com/2014/04/23/up...t.html?hp&_r=0


    Thanks to govt debt and tax laws as far as I'm concerned.
    So our tax laws should be more like Canada's, eh?
    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: The American Middle Class Is No Longer the World’s Richest

    Quote Originally Posted by American View Post
    http://www.nytimes.com/2014/04/23/up...t.html?hp&_r=0


    Thanks to govt debt and tax laws as far as I'm concerned.
    How you draw that conclusion is a mystery to us mere mortals. You do know that Europe and Canada's taxes are higher than ours. Right? And, I would not be surprised to see that their debt is not all that much lower. So, you'll have to explain how A + B = your C

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

    Quote Originally Posted by Deuce View Post
    So our tax laws should be more like Canada's, eh?
    Well they are much simpler just the tax rates are higher.

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