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

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

PeteEU said:
It has something to do with it... but not the way you think.
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Is that a fact?

Huh....

...In the mid-1990s, the federal government faced a debt crisis caused by overspending, which is similar to America’s current situation. But the Canadian government reversed course and slashed spending from 23 percent of GDP in 1993, to 17 percent in 2000, and to less than 16 percent today.2 The Canadian economy did not sink into a recession as Keynesians would have expected, but was instead launched on a 15-year economic boom.....
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Re: Canada's Middle Class Richest In Study of Big Nations

cpwill said:
Is that a fact?

Huh....
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If you think government spending cuts would alone save the US then you are insane. As I said there are many more factors that are holding the US back, and that Canada does not have or has to a less degree.

Take political deadlock. The US has had it for a decade... Canada, while their politics can be fun to watch, it does have the ability to get things done when needed, something the US political establishment sorely lacks.

Or take healthcare. Yes Canada pays higher taxes (not by much on paper), but it also gets a system where the threat of economic doom is all but gone. Not so in the US for large parts of the middle class. Get sick, have the wrong insurance policy and you are screwed. And then there is the overall cost of healthcare... much higher in the US vs Canada, because in the US it is the healthcare industry that sets the prices due to lax regulation, which means the US healthcare provider can run amok price wise.

Fact is Canada has higher taxes, more regulation and so on than the US, but preforms on average better when looking at the middle class. Why is that? Look at the income inequality numbers... that might explain some of it and then look at the lopsided tax system the US has, where the rich have a smaller burden than the middle class.

And then of course there is the whole spending far more than you earn for decades and starting wars that are unfunded.
 
Re: Canada's Middle Class Richest In Study of Big Nations

Yup... pretty much why I married a Canadian and moved to Canada, lol. It's the most stable of the G8 right now, not sure for how much longer though. The Conservative gov up here is really gutting the entire system and installing corporatocracy. For now it's a safe haven though.
 
Re: Canada's Middle Class Richest In Study of Big Nations

Travis007 said:
The reason is Obama and the Libs... period jobs are leaving the USA in droves due to Obamas hate of the USA
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This is the most simplistic post I have read on this forum.
 
Re: Canada's Middle Class Richest In Study of Big Nations

Travis007 said:
You can pin this on Lib GREEN AGENDA nonsense and manufacturing leaving the USA.., high tax rates and Obamacare... period
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you kow manufacturing is up under President Obama and Canada has national health care....
 
Re: Canada's Middle Class Richest In Study of Big Nations

Carjosse said:
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.
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Thanks, Obama.
 
Re: Canada's Middle Class Richest In Study of Big Nations

Sababa said:
you kow manufacturing is up under President Obama and Canada has national health care....
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not even close.. I have no clue where you get your misinformation
 
Re: Canada's Middle Class Richest In Study of Big Nations

PeteEU said:
If you think government spending cuts would alone save the US then you are insane. As I said there are many more factors that are holding the US back, and that Canada does not have or has to a less degree.

Take political deadlock. The US has had it for a decade... Canada, while their politics can be fun to watch, it does have the ability to get things done when needed, something the US political establishment sorely lacks.

Or take healthcare. Yes Canada pays higher taxes (not by much on paper), but it also gets a system where the threat of economic doom is all but gone. Not so in the US for large parts of the middle class. Get sick, have the wrong insurance policy and you are screwed. And then there is the overall cost of healthcare... much higher in the US vs Canada, because in the US it is the healthcare industry that sets the prices due to lax regulation, which means the US healthcare provider can run amok price wise.

Fact is Canada has higher taxes, more regulation and so on than the US, but preforms on average better when looking at the middle class. Why is that? Look at the income inequality numbers... that might explain some of it and then look at the lopsided tax system the US has, where the rich have a smaller burden than the middle class.

And then of course there is the whole spending far more than you earn for decades and starting wars that are unfunded.
Click to expand...


You have not even a whiff of a clue... your post is so far off
 
Re: Canada's Middle Class Richest In Study of Big Nations

Hey, I am watching Faux right now about this. You know what they are saying to help the US middle class, quit taxing the rich. I am stunned. Per words of Charlie Gasparino it has been going on for 20 years but is it Obama's fault, it aint Bush's economy. It is funny, all Obamahate, all the time.
 
Re: Canada's Middle Class Richest In Study of Big Nations

Carjosse said:
Not when it stagnates at the top. That is one of the things the article is about.
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why is stagnatiing at the top?.. due to taxes and Obamacare and the green agenda.. what part is confusing to you?
 
Re: Canada's Middle Class Richest In Study of Big Nations

Objective Voice said:
The hate on top of the ignorance. :doh

household-income-monthly-median-since-2000.gif


As the chart above shows, the median income in the U.S. has remained between $54K and $55.6K for nearly a decade, and in 2009 right after the housing bubble incomes took a nose-dive. Furtheremore, the 2013 marginal tax rates for the upper crust is only 39.6% for earners starting at $425,000. Not only has the income level increased by $154K since 2011, the tax rate only increased by 4.4% from a previous rate of 35%. Compare that to middle-class earnings between $35K-$250 and you'll see things differently...that is IF you can shed those partisan/hate-filled blinders and look at the facts. Here...let me help you.

This chart from the Liberty Tax Services* shows that a single wage earner making between $34,500-$83,600 paid up to $4,750 (25%) in federal income taxes for 2011. For 2013, a wage earner making the minimum $34,500 pays $4,733 - a mere savings of $17. Big freaking whoop!

Fact is, wages have remained flat in the U.S. for a very long time.

*The only reason I used the Liberty Tax Services chart is because I couldn't find one for tax year 2011 at IRS.gov.
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do you know how to read a chart and what year Pelosi and Reid took over?... its like you dont even know how to read a chart or what variables are involved...
 
Re: Canada's Middle Class Richest In Study of Big Nations

Travis007 said:
why is stagnatiing at the top?.. due to taxes and Obamacare and the green agenda.. what part is confusing to you?
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It is the exact opposite, if you invested in universal healthcare and actually invested in the middle and lower classes you would not have this problem.
 
Re: Canada's Middle Class Richest In Study of Big Nations

Carjosse said:
It is the exact opposite, if you invested in universal healthcare and actually invested in the middle and lower classes you would not have this problem.
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you have no a clue.... so forcing people to buy a product they dont want and at a more expensive price increases wealth and job creation...

are we on mars?
 
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Re: Canada's Middle Class Richest In Study of Big Nations

Carjosse said:
It is the exact opposite, if you invested in universal healthcare and actually invested in the middle and lower classes you would not have this problem.
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if the exact opposiste was true we would have explossive growth in the middle class...

really... what are you talking about?
 
Re: Canada's Middle Class Richest In Study of Big Nations

mak2 said:
Hey, I am watching Faux right now about this. You know what they are saying to help the US middle class, quit taxing the rich. I am stunned. Per words of Charlie Gasparino it has been going on for 20 years but is it Obama's fault, it aint Bush's economy. It is funny, all Obamahate, all the time.
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If Obama was as smart as GWB and had half of GWBs love for the USA and if Obama coudl create an economy as robust as GWB did after the biggest terror attack in US history .. Obama would be way ahead of the disaster that we have now.. and its a disaster.
 
Re: Canada's Middle Class Richest In Study of Big Nations

American said:
Thanks, Obama.
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So, American, you say we should be more like canada?
 
Re: Canada's Middle Class Richest In Study of Big Nations

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

Carjosse said:
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.
Click to expand...

but but but..... Universal health care destroys economies!
 
Re: Canada's Middle Class Richest In Study of Big Nations

Erod said:
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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yup...
 
Re: Canada's Middle Class Richest In Study of Big Nations

Carjosse said:
More capitalist and low tax, definitely not. We just know how to run a country.
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Or know enough to elect genuine Conservatives.
 
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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