Canadian middle class passes American- Thanks Reaganism...

[Listening]

Look at actual FACTS, not Pubcrappe. The nonrich have gone to HELL under Reaganist tax rates and policy, and still are...


''The Demise of the American Middle Class In Numbers.'


1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Researc...s/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez | The White House
3 = http://www.demos.org/inequality/imag...ving_thumb.gif
3 = http://www.bea.gov/national/nipaweb/...&LastYear=2010
4 = http://www.prudentbear.com/index.php...or-debt-of-gdp
4 = FRB: Z.1 Release--Financial Accounts of the United States--March 6, 2014
5/6 = Wealth And Inequality In America - Business Insider

Overview = http://www.ourfuture.org/blog-entry/...e-roost-charts''
''

This means nothing if you don't tell us the size of the pie they are getting. They can be losing in relative terms and gaining in absolute terms.

Please provide the necessary information. Otherwise this is nothing but class envy.

Look at how much people are saving-that doesn't. In fact, the pie hasn't changed that the non-rich are getting, the rich pie has... In real terms, the non-rich's wealth and income hasn't changed much in the last 30 years while the rich's wealth has gone up 280%...

So if the non-rich have not lost ground in real terms, what are you griping about ?

 

[francoHFW]

Everyone should share in economic growth, not just greedy rich idiots. CEO pay was 23x the average worker's in the 50's, 60x in 1980, and 350x now. Experts think the only way to limit it is higher tax rates on the highest incomes. Morality no longer does...

 

[Lakhota]

Republicans are killing the middle class.

 

[Political Junky]

Republicans are killing the middle class.

Even poor and middle class republicans are cheering for the rich.

 

[9aces]

Republicans are killing the middle class.

That's funny. I seem to recall Barrack Hussein Obama passing the idiocy which is Obamacare without a single republican vote. Could he have passed higher tax rates and sent stupid liberals into joyous celebration. Of course he could have.

He didn't. And the joys of Obamacare are turning out to be one of the bigger contributors to the reduction of purchasing power of the middle class, who btw were intentionally screwed by this. The goal was to drive them into the lower brackets so they'd become more dependent upon government, and thus reliable voters for the Democratic party.

Gotta hand it to them, it's working. There are so many people depending upon the government for their survival even a criminal like Hillary can get elected.

The question is the same as always though. When you run out of other people's money to take, what will you do then? The end of that road isn't far away.

 

[francoHFW]

BS> It's bending prices down for the first time, dupe.

 

[Ernie S.]

Stupid comment of the day and the idiot calls Conservatives "dupes" That there is some funny shit, Franco.

 

[Iceweasel]

BS> It's bending prices down for the first time, dupe.

Where? And what about the deductibles? It's not sustainable, like most liberal policies, and if not repealed we will end up with the real purpose, single payer, government sized fits all health insurance.

 

[Iceweasel]

Stupid comment of the day and the idiot calls Conservatives "dupes" That there is some funny shit, Franco.

But the day is young, the libs are just warming up.

 

[Interpol]

The free market continues to tell us almost daily that Obamacare is working. I trust the economic boom in healthcare and investors over ignorant keyboard warriors who only know how to talk shit without backing any of it up.

The Two-Year Rise of U.S. Health-Care Stocks

 

[Interpol]

Now, to the thread at hand. What makes America better than the Middle East is socialism. What makes Canada and Europe's middle class stronger than America's middle class is socialism.

Taxes aren't even that much higher in Canada, it's just that their government hasn't rewritten their tax code in order to help the rich whittle down what they owe, some by more than half, like the way it is here.

Even many establishment Republicans think tax loopholes that only the rich enjoy should be closed, like the one that encourages business to leave America and go overseas.

I wasn't brought up to think about what's left and right; I was brought up to think about right and wrong and that's just plain wrong and needs to be reversed. Unfortunately, Republicans don't even seem to care that their own politicians don't give a hoot about reversing that.

 

[Iceweasel]

The free market continues to tell us almost daily that Obamacare is working. I trust the economic boom in healthcare and investors over ignorant keyboard warriors who only know how to talk shit without backing any of it up.

The Two-Year Rise of U.S. Health-Care Stocks

An op-ed from Bloomberg to back up your chest thumping? LOL. Health Care stocks prove what to your pea brain?

 

[Iceweasel]

Now, to the thread at hand. What makes America better than the Middle East is socialism. What makes Canada and Europe's middle class stronger than America's middle class is socialism.

Taxes aren't even that much higher in Canada, it's just that their government hasn't rewritten their tax code in order to help the rich whittle down what they owe, some by more than half, like the way it is here.

Even many establishment Republicans think tax loopholes that only the rich enjoy should be closed, like the one that encourages business to leave America and go overseas.

I wasn't brought up to think about what's left and right; I was brought up to think about right and wrong and that's just plain wrong and needs to be reversed. Unfortunately, Republicans don't even seem to care that their own politicians don't give a hoot about reversing that.

What the rich owe? Why because your greedy ass feels entitled to somebody else's money? Capitalism is what made us great, the further we go towards socialism the harder the middle class is hit. Your lies can't cover it up, Big Guy.

 

[francoHFW]

Now, to the thread at hand. What makes America better than the Middle East is socialism. What makes Canada and Europe's middle class stronger than America's middle class is socialism.

Taxes aren't even that much higher in Canada, it's just that their government hasn't rewritten their tax code in order to help the rich whittle down what they owe, some by more than half, like the way it is here.

Even many establishment Republicans think tax loopholes that only the rich enjoy should be closed, like the one that encourages business to leave America and go overseas.

I wasn't brought up to think about what's left and right; I was brought up to think about right and wrong and that's just plain wrong and needs to be reversed. Unfortunately, Republicans don't even seem to care that their own politicians don't give a hoot about reversing that.

What the rich owe? Why because your greedy ass feels entitled to somebody else's money? Capitalism is what made us great, the further we go towards socialism the harder the middle class is hit. Your lies can't cover it up, Big Guy.

You're a functionally braindead dupe. Reaganism has killed the nonrich and the country the last 30 years, while the greedy idiot megarich GOP laughs all the way to the bank. The richest pay less %wise than the middle class in taxes, dupe.
Clinton Says January Tax Proposals Will 'Go Beyond' Buffett Rule

 

[2aguy]

According to a New York Times report, the rich in the US are getting richer, but the poor and middle classes are falling behind some of their Western peers.

"Middle-class incomes in Canada - substantially behind in 2000 - now appear to be higher than in the United States," David Leonhardt and Kevin Quealy write. "The poor in much of Europe earn more than poor Americans."

The UK median income is still behind that of the US, but it's catching up fast - a 19.7% increase since 2000. This is the same increase as Canada's, whereas the US number was up by only 0.3%. (It's worth noting that Germany's middle class is also stagnating - at 1.4%.)

The Times reporters based their conclusions on a survey of household incomes in about 20 countries over the course of 35 years, taking into account inflation, differences in taxes, government benefits and cost of living in different locations.

"With a big share of recent income gains in this country flowing to a relatively small slice of high-earning households, most Americans are not keeping pace with their counterparts around the world," they write.

The reporters point to three reasons why all but the wealthiest American may be falling behind:

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…

A second factor is that companies in the United States distribute a smaller share of the bounty to the middle class and poor than similar countries elsewhere…

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.

The struggle for middle- and lower-class Americans is reflected in public opinion polls, the reporters write, which generally show greater dissatisfaction with their government than in other Western nations.

BBC News - Canada passes US in middle-class wealth

Could we PLEASE have the rich pay their fair share so we can invest in America and Americans? This is getting ridiculous, hater dupes. See sig pp 1...

Don't blame republicans.......the Canadians had conservatives running things....now they just elected a left wing hack so that should be changing.

 

[Manonthestreet]

Been told since Reagan exited by both parties that the era of Reagan is over but now that they've effed up they blame Reagan..........

 

[2aguy]

Now, to the thread at hand. What makes America better than the Middle East is socialism. What makes Canada and Europe's middle class stronger than America's middle class is socialism.

Taxes aren't even that much higher in Canada, it's just that their government hasn't rewritten their tax code in order to help the rich whittle down what they owe, some by more than half, like the way it is here.

Even many establishment Republicans think tax loopholes that only the rich enjoy should be closed, like the one that encourages business to leave America and go overseas.

I wasn't brought up to think about what's left and right; I was brought up to think about right and wrong and that's just plain wrong and needs to be reversed. Unfortunately, Republicans don't even seem to care that their own politicians don't give a hoot about reversing that.

There should be a flat tax or a consumption tax...that is fair. You do not get a wealthy people by taxing success into poverty.

 

[francoHFW]

Now, to the thread at hand. What makes America better than the Middle East is socialism. What makes Canada and Europe's middle class stronger than America's middle class is socialism.

Taxes aren't even that much higher in Canada, it's just that their government hasn't rewritten their tax code in order to help the rich whittle down what they owe, some by more than half, like the way it is here.

Even many establishment Republicans think tax loopholes that only the rich enjoy should be closed, like the one that encourages business to leave America and go overseas.

I wasn't brought up to think about what's left and right; I was brought up to think about right and wrong and that's just plain wrong and needs to be reversed. Unfortunately, Republicans don't even seem to care that their own politicians don't give a hoot about reversing that.

There should be a flat tax or a consumption tax...that is fair. You do not get a wealthy people by taxing success into poverty.

We basically ALREADY have a flat tax- ALL paying between 20-30% in all taxes and fees, so now all the new wealth goes to the richest and the country goes to hell with bad demand for product. Another 20 years of this and we're Columbia... Brilliant, brainwashed functional moron.

The Demise of the American Middle Class In Numbers.

Over the past 30 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--December 10, 2015
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

 

[Toddsterpatriot]

Now, to the thread at hand. What makes America better than the Middle East is socialism. What makes Canada and Europe's middle class stronger than America's middle class is socialism.

Taxes aren't even that much higher in Canada, it's just that their government hasn't rewritten their tax code in order to help the rich whittle down what they owe, some by more than half, like the way it is here.

Even many establishment Republicans think tax loopholes that only the rich enjoy should be closed, like the one that encourages business to leave America and go overseas.

I wasn't brought up to think about what's left and right; I was brought up to think about right and wrong and that's just plain wrong and needs to be reversed. Unfortunately, Republicans don't even seem to care that their own politicians don't give a hoot about reversing that.

What the rich owe? Why because your greedy ass feels entitled to somebody else's money? Capitalism is what made us great, the further we go towards socialism the harder the middle class is hit. Your lies can't cover it up, Big Guy.

You're a functionally braindead dupe. Reaganism has killed the nonrich and the country the last 30 years, while the greedy idiot megarich GOP laughs all the way to the bank. The richest pay less %wise than the middle class in taxes, dupe.
Clinton Says January Tax Proposals Will 'Go Beyond' Buffett Rule

The richest pay less %wise than the middle class in taxes, dupe.

That's awful! How much do you have to make to be in the middle class?

 

[Toddsterpatriot]

Now, to the thread at hand. What makes America better than the Middle East is socialism. What makes Canada and Europe's middle class stronger than America's middle class is socialism.

Taxes aren't even that much higher in Canada, it's just that their government hasn't rewritten their tax code in order to help the rich whittle down what they owe, some by more than half, like the way it is here.

Even many establishment Republicans think tax loopholes that only the rich enjoy should be closed, like the one that encourages business to leave America and go overseas.

I wasn't brought up to think about what's left and right; I was brought up to think about right and wrong and that's just plain wrong and needs to be reversed. Unfortunately, Republicans don't even seem to care that their own politicians don't give a hoot about reversing that.

There should be a flat tax or a consumption tax...that is fair. You do not get a wealthy people by taxing success into poverty.

We basically ALREADY have a flat tax- ALL paying between 20-30% in all taxes and fees, so now all the new wealth goes to the richest and the country goes to hell with bad demand for product. Another 20 years of this and we're Columbia... Brilliant, brainwashed functional moron.

The Demise of the American Middle Class In Numbers.

Over the past 30 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = Clipboard01.jpg (image)
2 – Congratulations to Emmanuel Saez
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis (BEA)
4 = Federated Prudent Bear Fund (A): Overview
4 = FRB: Z.1 Release--Financial Accounts of the United States--December 10, 2015
5/6 = 15 Mind-Blowing Facts About Wealth And Inequality In America

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

Over the past 63 years worker productivity has grown by 2.0% per year.

Where does this magical growth in productivity come from? Thin air? LOL!
Silly liberal.