America is a country which punishes the middle-class

Quote from EMRGLOBAL:

So, whether they have debt burden or not, middle class household have less aftertax income to spend:


HUH? Middle class is in the 19-28% tax bracket. Upper Class is in the 30plus Tax bracket, up to 39% if obama has his way.

Numbers do not lie....36% of X is still more than 19-28% of X.

If the middle class wants more money, then find a job, start a business that will give them more money.

The argument is flawed and not logical.

It isn't because of Taxs the middle class fucked themselves. It's because of their "WAGES". A flat tax, which I love, would not solve the problem of the middle class. It would give them more "Disposable Income" but it would not give them the type of Disposable Income the "Rich" have.

So, fucking do something else in a field that will earn them more in wages. It is all about WAGES not TAXES. Those who make more PAY MORE. Even with the "Writeoffs" they may have in the higer tax bracket, which is very few now.

Stop the nonsense argument that the Middle Class take more of the burden of the TAX hike. BULLSHIT argument, from Progressive's who lack basic math skills.

The idea of such an argument is to have the population drink the coolaid and blame the Rich and Producers for having "Too much Money" and not taxed enough.

Wait, Hey I have an idea....why not tax the middle class at all. Fuck, lets just tax those who work their arses off and make half to a million a year. That's right, lets go after them. That would free up the middle class to spend far more beyond their means. Shit, they would have way more money to spend as their wages would be higher because of ZERO TAX.

70% of GDP in the US is consumption people. WAKE THE FUCK UP! It isn't the rich consuming all 70% of shite.
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LOL. Not sure you saw the original link!
 
First of all, at least get the language right:

America is a country THAT punishes the middle class. (with no hyphen)

Who is stopping people from figuring out how they will provide for their children BEFORE they have them? What a concept--could anyone possibly do a little advance planning?
 
Quote from drcha:

Who is stopping people from figuring out how they will provide for their children BEFORE they have them? What a concept--could anyone possibly do a little advance planning?
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“The investment will likely not keep pace with the cost of tuition, which continues to rise at roughly twice the rate of inflation,” said Stephen Jobe, director of 529 programs for New York-based BlackRock Inc., with about $4 billion in plan assets. “At that rate, a family will never get ahead.”

Tuition and fees at public four-year colleges and universities increased at an average rate of 5.6 percent a year beyond the rate of general inflation in the past decade, according to the College Board, a New York-based nonprofit.

http://www.bloomberg.com/news/2010-...ight-leave-parents-short-at-tuition-time.html

Edit: after re-reading Drcha's post I think he might have implied only the super-rich, the super-poor and the foreigners should be allowed to have children.
 
The author has a point but I would rather see more accurate numbers.

A family making 60K does not pay 13k in taxes. More like 5k after mortgage interest deductions, child tax credit, etc.

And Medicaid/Chip for two people is not worth anywhere near 16k.
 
Quote from drcha:

Who is stopping people from figuring out how they will provide for their children BEFORE they have them?
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If you have a society where people *should* think about that before they have kids, your society is screwed (think Africa).

If you have a society where people *choose* to think about it, you're screwed (think Japan).

Having children is the most normal of human activities; if that isn't readily supportable by a society, at something higher than replacement rate, there are serious underlying issues and the culture will most likely not make it.
 
Quote from edpolton:

A family making 60K does not pay 13k in taxes. More like 5k after mortgage interest deductions, child tax credit, etc.

And Medicaid/Chip for two people is not worth anywhere near 16k.
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The table article is talking about 4 people, presumably 2 of them are children. Only one of the 4 is working.

You can do as well working one week a month at minimum wage as you can working $60,000-a-year, full-time, high-stress job.
Money%20Earned.jpg
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Quote from edpolton:

The author has a point but I would rather see more accurate numbers.

A family making 60K does not pay 13k in taxes. More like 5k after mortgage interest deductions, child tax credit, etc.

And Medicaid/Chip for two people is not worth anywhere near 16k.
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I agree with this. The author if fairly blatently trying to exaggerate his claims.
"Most private workplaces require drug testing, but there is no drug testing to get welfare checks.". I have never had a job require this (of course I'm sure some do, but MOST?). The medicare thing is nuts - I don't pay hardly $1K for health insurance and they assume full deductables/copays each year.

EDITED TO ADD:
From the article:
"Tonight's stunning financial piece de resistance comes from Wyatt Emerich of The Cleveland Current."

So, shouldn't this guy quit then if he thinks people are such stupid idiots to work?

JJacksET4
 
Quote from LeeD:

Good observation!

Now it's really the whole cultural thing to spend more than you can afford. From economists who claim that if everyone saved and no one spent the economy would collapse to people who think they "save" whenever they spend on discounted goods.
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take any woman who buys a fur coat for $6000 on sale from $10000.
she will tell her husband she saved him $4000/
 
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