Are you OK with being poor?
Because unless you're part of the top 1%, you're gonna be poor pretty soon.
The American middle class is being deliberately destroyed by Washington, Wall Street and Big Corporations. They've been at it for more than 30 years now:
slashing taxes on the rich and super-rich (the super-rich pay 15% on multi-million or even billion dollar a year incomes, while you probably pay twice that on your paltry "middle class" income);
causing a massive national debt accumulate;
closing factories in the US and opening them in China, Mexico, etc. (and offshoring even white-collar work like radiology, computer programming, legal research, accounting, etc.);
importing illegal blue collar labor and legal white collar labor (engineers and doctors from Russia, India, etc.) to undercut "excessive" American pay levels;
destroying unions (which created the middle class in the first place back in the 1930s and '40s);
eliminating basic worker's rights - you can be fired any time for no reason whatsoever, even after many years of hard work and loyalty;
massive increase in cost of education and student loan predatory lending;
bankruptcy "reform" (can't discharge student loans, harder to qualify for bankruptcy);
skyrocketing medical costs, shrinking health insurance;
slashing job benefits;
replacing middle-class jobs with working-poor "service" jobs;
predatory mortgage lending;
real estate and stock market crashes every few years to wipe out middle-class home equity, savings in pension funds, mutual funds, etc.;
I could go on, but what's the point? Nobody's talking about this? Nobody cares?
Don't confuse the rich with the merely upper middle class. Maybe doctors and lawyers pay "more like 50%", but the rich, who make millions or billions every year, mostly make their money as interest, dividends and/or capital gains, which are taxed at 15%. Private equity and Hedge fund managers have a nice loophole - their pay is called "carried interest" and is also taxed at 15%. Warren Buffet said it was grossly unfair that America taxes him only 17% on his $26 million income whereas his secretary has to pay 30% of her $60,000 salary.
Before the massive tax cuts for the rich over the last few decades, revenue was largely in line with spending. The conspiracy is not just by corporate elites but also the governing and banking elites: slash taxes, cause massive federal borrowing and debt, then use that as an excuse to slash spending that benefits the poor and middle class. Everything is going according to plan.
Unions didn't kill business. American business was thriving in the hey
- Anonymous9 years agoFavorite Answer
wow, how about i go through your whole post point by point
the rich dont pay 15%, its more like 50%, the poor are the only ones in america who dont pay taxes.
Spending is what causes debt to accumulate, some imaginary conspiracy by "corporations"
Democrats have forced the closing of countless factories by unionizing and making ridiculous laws that kill business. Its impossible to stay in business if you have to pay %200 more for union salaries and ridiculous compliance changes when factories overseas will produce the same product at half the cost.
The importing of skilled workers from overseas is extremely marginal, most of the immigrants we get are completely unskilled.
There is no such thing as a "right not to be fired" if its impossible to fire someone, how can a business stay open. If they were forced to keep useless employees around they would have to close down and then ALL their employees would be fired.
The increased cost of education goes to the ridiculously high teacher union salaries. Cut the salaries and education will be affordable again.
If you make it super easy to declare bankrupcy, the only people who get screwed are the credit companies. Making it harder to borrow, and causing criseses like the housing bust when everyone basically declared bankrupcy on their houses all at once.
the rising medical costs again are resulting from over regulation and frivolous malpractice lawsuits. If a hospital has to use fancy equipment where normal equipment has always worked before then costs are going to rise.
you are completly idiotic, all of your points are backwards or just lacking in evidence or thought whatsoever
- Warren TLv 79 years ago
FOR MOST PEOPLE WHO ARE POOR, IT IS THEIR OWN FAULT