Billiejeens
Diamond Member
- Jun 27, 2019
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"Democrats Peddle Doom, but the Middle Class Never Had It So Good
Former Vice President Joe Biden recently declared, "The middle class is getting crushed. And the working class has no way up."
Sen. Bernie Sanders stews that President Donald Trump's policies have brought "handouts for billionaires and hunger for the poor."
Mayor Pete Buttigieg claims that many working families are struggling so much financially they don't have enough income to be able to "afford a two-bedroom apartment."
The Washington Post says that Americans are awash in debt they can't repay.
4. "...well over half of all Americans own stock through 401(k) plans and other retirement savings. When the Dow Jones rises by 10,000 points in three years, it isn't just Warren Buffett who feels the wealth effect.
This past year, median family income adjusted for inflation rose to $66,000 for the first time ever. Think about that. In 90% of the world, an income of $66,000 is rich, rich, rich. The average household income in China -- which is our major challenger for global supremacy -- is less than $15,000. That's less than one-fourth of the level in America. There is an old saying that is true now more than ever: If you have to be poor, America is a good place to be poor."
Democrats Peddle Doom, but the Middle Class Never Had It So Good
Actually, the middle class IS getting crushed, and have been progressively so since the late 70s. When I was a kid, both parents didn't work, in fact, it was an embarrassment if a guy's wife had to work to help support the family. And now we are getting crushed by healthcare which used to be fully paid for by employers now paid for by employees---- with no pay raise! Instead of a small copayment, you now buy into a plan where you must pay hundreds of dollars out of every pay, then pay a huge deductible.
To just make the equivalent of the "minimum wage" of the late 70s, today you need to earn about $13/hour.
That's not an economic problem
That's a social problem
Bunch of women that wanted to be men.