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Keyword: middleclass

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  • How Much Longer Will The Middle Class Politely Tolerate Its Own Destruction?

    03/09/2019 10:17:08 AM PST · by blam · 52 replies
    Straight Line Logic ^ | 3-9-2019 | Robert Gore
    A middle class that outnumbers the combined poor and aristocracy is a relatively new phenomenon, dating back to around 1900. The rise of the middle class was the result of Industrial Revolution capitalism. It has been one of the most significant and epochal developments in history, yet the intellectual reaction for the most part has been to either ignore it or treat it with disdain. Now the project to destroy the middle class is well under way, with unpredictable and uncontrollable consequences that promise to be just as epochal as its creation. Intellectual condescension towards the middle class is so...
  • The Middle Class Is Shrinking Everywhere — In Chicago It’s Almost Gone

    02/26/2019 12:05:55 PM PST · by detective · 41 replies
    WBEZ ^ | February 18, 2019 | Linda Lutton
    Chicago’s middle class, once the backbone of the city, is declining so swiftly that it’s almost gone, and a set of maps from a local university lays that reality bare. The dynamic stands to affect nearly everything about Chicago going forward, from politics to schools to who will live here. “It raises a lot of questions as to what kind of city it will be,” said Janet Smith, co-director of the Nathalie P. Voorhees Center for Neighborhood and Community Improvement at the University of Illinois at Chicago, which compiled the maps that document Chicago’s shrinking middle class — and an...
  • Blue-collar men in pink-collar times (Underlying crisis in 21st century economy)

    02/23/2019 1:13:30 PM PST · by GuavaCheesePuff · 12 replies
    Axios ^ | February 23, 2019 | Stef W. Knight
    Young and less educated men are losing their place in the U.S. workforce. Why it matters: Technology and automation, shrinking unions and changing family dynamics have transformed the role of men in the workforce, while male high school graduates either need to pursue higher education or enter lower-paid industries traditionally dominated by women. 1. The shifting workforce Technology, globalization and the shrinking of unions have led to lower wages and disappearing blue collar jobs, Harry Holzer, an economist at Georgetown University and former chief economist for the Department of Labor, told Axios. In their place, unskilled jobs in health care...
  • As revenue drops, concern about the proposed state budget rises (Wealthy NYers leaving)

    02/04/2019 7:32:31 PM PST · by Beave Meister · 69 replies ^ | 2/4/2019 | Michael Gormley
    ALBANY — Gov. Andrew M. Cuomo on Monday announced a dramatic drop in state income tax revenue of $2.8 billion, which he says will prompt him to revise his 2019-20 budget and reconsider spending on schools, health care and repairs to roads and bridges. Cuomo, a Democrat, blamed the shortfall on a federal tax plan backed by Republican President Donald Trump. Cuomo said the law's cap on deductions for state and local taxes at $10,000 was to blame and suggested it is, anecdotally, triggering high-earners to leave New York. “At this point there is no doubt that the budget we...
  • Trump Announces Major Tax Break for Middle Class

    10/25/2018 4:38:42 AM PDT · by gattaca · 40 replies
    AMAC ^ | October 24, 2018 | AMAC
    President Trump announced Monday that he will introduce a new tax cut for middle-class Americans in November. “We’re giving a middle-income tax reduction of about 10 percent – we’re doing it now for middle-income people,” he told reporters. The president described the proposed tax cuts again Monday night while speaking at a Ted Cruz rally in Texas, saying, “We’re going to be putting in a 10 percent tax cut for middle-income families. It’s going to be put in next year. In addition to the big tax cuts you’ve already gotten.” He added that Congress would vote on the proposal after...
  • Dems will struggle to pry middle-class Americans away from Trump

    10/23/2018 7:58:37 AM PDT · by yesthatjallen · 12 replies
    The Hill ^ | 10/23/18 | LIZ PEEK
    Former Vice President Joe Biden is viewed by many as the Democrats’ best hope of winning back those blue-collar workers in states like Ohio and Michigan who defied tradition and voted for Donald Trump in 2016. Certainly, compared to progressives like Sen. Elizabeth Warren (D-Mass.) or Sen. Kamala Harris (D-Calif.), the likeable “Uncle Joe," raised in hardscrabble Scranton, Pa. by middle-class parents, seems a good bet to reconnect with those voters. But what does Biden or any other Democrat hoping to beat President Trump in 2020 offer the middle class? Nothing but the politics of envy and a transparent effort...
  • How Many Households in the USA Qualify as Middle Class?

    10/15/2018 8:31:53 AM PDT · by SeekAndFind · 12 replies
    Of Two Minds ^ | 10/15/2018 | Charles Hugh Smith
    Authored by Charles Hugh Smith via OfTwoMinds blog, By the standards of previous generations, the middle class has been stripmined of income, assets and purchasing power. What does it take to be middle class nowadays? Defining the middle class is a parlor game, with most of the punditry referring to income brackets as the defining factor. People tend to self-report that they belong to the middle class based on income, but income is not the key metric: 12 other factors are more telling measures of middle class membership than income. In Why the Middle Class Is Doomed (April 17,...
  • The Tremendous Growth of the World’s Middle Class May Be the Greatest Story of Our Age

    09/02/2018 9:09:46 AM PDT · by SeekAndFind · 16 replies
    Foundation for Economic Education ^ | 08/31/2018 | Jon Miltimore
    A woman who woke up from a thirty-year coma in 2018 would be forgiven if she looked around and came to believe our world is falling apart.Cable news and social media are a steady drumbeat of negativity. There is a sense the world is not right.Russian collusion. Xenophobia. Antifa. Unite the Right. Stormy Daniels. #MeToo. Mass shootings. The Deep State. It’s a cacophony of angst, outrage, and political anger.The woman who emerged from her coma would have little or no idea that the world is experiencing an economic miracle, just as most people today do not. But it’s happening...
  • Almost half of Americans can't pay for their basic needs

    08/28/2018 6:39:27 AM PDT · by EdnaMode · 137 replies
    CBS "News" ^ | August 28, 2018 | Aimee Picchi
    Four in 10 Americans are struggling to pay for their basic needs such as groceries or housing, a problem even middle-class households confront, according to a new study from the Urban Institute. Despite the U.S. economy being near full employment, 39.4 percent of adults between 18 and 64 years old said they experienced at least one type of material hardship in 2017, according to the study, which surveyed more than 7,500 adults about whether they had trouble paying for housing, utilities, food or health care. The findings surprised researchers at the Urban Institute, who had expected to find high levels...
  • The Number Of Americans Living In Their Vehicles “Explodes”; Middle Class Continues To Disappear

    08/02/2018 7:43:57 AM PDT · by SeekAndFind · 68 replies
    TEC ^ | 08/02/2018 | Michael Snyder
    If the U.S. economy is really doing so well, then why is homelessness rising so rapidly? As the gap between the rich and the poor continues to increase, the middle class is steadily eroding. In fact, I recently gave my readers 15 signs that the middle class in America is being systematically destroyed. More Americans are falling out of the middle class and into poverty with each passing day, and this is one of the big reasons why the number of homeless is surging. For example, the number of people living on the street in L.A. has shot up 75...
  • Nicaraguans flood migration offices in bid to flee crisis

    06/15/2018 4:04:54 PM PDT · by BBell · 17 replies
    Managua (AFP) – One evening as she watched some local kids play outside in her Managua neighborhood, Nicaraguan Mireya Alegria was shocked to see police, motorcycles and a white van carrying hooded men speed past. “They started firing,” she says. It was the moment she decided enough was enough. Now Alegria is one of the thousands of Nicaraguans desperately seeking to process migration documents and flee to neighboring Central American countries, as two months of anti-government dissent has triggered increasingly violent state repression. “Thousands of people come daily to do paperwork,” said Nubia Manzanares, a migration agent, adding that many...
  • Pelosi Dodges Question on Whether She Would Make Middle Class Tax Cuts Permanent

    05/10/2018 2:03:59 PM PDT · by jazusamo · 9 replies ^ | May 10, 2018 | Lauretta Brown
    House Minority Leader Nancy Pelosi (D-CA) dodged some questions Thursday on whether she would tell Democrats to vote for making middle class tax cuts in the GOP tax reform bill permanent. The moderator referenced Republicans planning a vote to make the middle class tax cuts permanent, asking “are you going to tell Democrats for or against doing that?” Rather than responding directly, Pelosi bashed Republicans for not making the tax cuts permanent in the first place. “Well you see, here’s what this is since we’re having a budget meeting,” Pelosi began. “The reason they didn’t make them permanent in...
  • Bernie: Hell Yes, We Need to Repeal and Replace the GOP Law With Higher Taxes

    04/11/2018 4:57:39 PM PDT · by Kaslin · 23 replies ^ | April 11, 2018 | Guy Benson
    Step one: Scream that the GOP tax reform bill would be a "massive attack" on the middle class.  Step two: Concede that actually yes, nearly all middle income earners would get a tax break under the bill.  Step three: Call for its repeal anyway, effectively demanding a tax increase -- a "massive attack," one might even say -- on middle class Americans and US businesses.  It sounds like Bernie Sanders has picked up the same tax hike hymnal from which Nancy Pelosi was singing last week: Sen. Bernie Sanders, I-Vt., called Monday for the Republican tax law to be repealed...
  • Editorial: ‘Roseanne’ shows appeal of Trump

    03/30/2018 3:48:28 AM PDT · by calvincaspian · 23 replies
    The Boston Herald ^ | 03-30-18 | Herald Staff
    The return of the hit TV sitcom “Roseanne” couldn’t have come at a better time. It’s an opportunity for many Americans to be introduced to the working class. In the show, Roseanne Conner (Roseanne Barr) is a Trump supporter. She’s got a bad knee but can’t get treatment because her insurance won’t cover it. Her husband, Dan, played again by John Goodman, wears a sleep apnea device and does drywall work for a living, though he should probably be retired. The Conners represent a typical Midwestern blue-collar family. But it could be many blue-collar families every­where. They love God and...
  • Disney World is proof the middle class is booming

    03/19/2018 9:18:08 AM PDT · by SeekAndFind · 79 replies
    New York Post ^ | 03/19/2018 | Kyle Smith
    Opening the menu at the California Grill at Walt Disney World’s Contemporary Resort overlooking the Magic Kingdom, I expected to giggle at the affordability of everything. I’m a New Yorker. Nothing out here in the sticks costs as much as it does back home, right? Instead, I found $19 glasses of wine and a $75 rib-eye. If you’re a person of average means, a trip to Disney World could leave you bippity-boppity broke. Disney World, that enchanted land of middle class dreams, isn’t so middle-class anymore. So why is it more popular than ever? Fort Mickey is exhibit A for...
  • The Democratic Response To Companies Doling Out Bonuses To Workers Remains Abjectly Pathetic

    01/12/2018 7:07:54 PM PST · by Kaslin · 13 replies ^ | January 12, 2018 | Matt Vespa
    Democrats are choking on crow for opposing this tax bill. Are they this economically illiterate? You pass the most extensive tax reform in nearly 30 years, it creates a better job creating and investing environment, and companies begin to boost U.S. investment, dole out bonuses to workers, some increase wages, and make declarations that charitable donations will go up. Yeah, that sounds bad, or something. It all centers on the notion that the Left thinks that your money is their money, and that the government, preferably run by over-educated, snobby liberal elitists, know best to allocate how that money is...
  • Hell Freezes Over:Bernie Sanders Admits That GOP’s Tax Cuts are a Boon for America’s Middle Class

    12/27/2017 3:50:16 PM PST · by davikkm · 10 replies
    IWB ^ | Chris Black
    The self described socialist and Vermont Senator Bernie Sanders, an actual communist (he spent his honeymoon in Soviet Russia by his own volition) who keeps blathering about “millionaires and billionaires”, a strange dude who never had a real job in his life until he was like 40 years old and then  started working for the government, and now he’s basically a one percenter himself (he owns like 3 houses and he’s worth millions of dollars) admitted on Sunday that President Trump’s tax reform is actually pretty good for America’s middle class. To make things even more interesting, comrade Bernie aknowledged...
  • Watch: CBS News Finds Three Families Who Will Be Getting Serious Relief Thanks To Trump's Tax Cuts

    12/24/2017 1:04:37 PM PST · by Kaslin · 48 replies ^ | December 24, 2017 | Matt Vespa
    Well, Democratic spin surely has the middle class skeptical of the Republican tax bill. On Friday, President Trump signed the most extensive tax reform in 30 years. It was framed as a giveaway to the wealthy and something akin to the Four Horsemen of the Apocalypse by congressional Democrats. Not a single Democrat voted for the bill. In reality, itÂ’s a middle class tax cut. Eighty percent of Americans for at least the next eight years will be paying less. The analysis says it. And now CBS News spoke to three families from Providence, Rhode Island, Fresno, California, and Cary,...
  • The Historic GOP Tax Bill Will Bring Much Needed Relief to Middle Class Americans

    12/20/2017 1:11:48 PM PST · by davikkm · 15 replies
    IWB ^ | Robert Carbery
    The GOP’s tax reform bill passed through the House of Representatives for the second time this week on Wednesday by a vote of 224-201. Once passed by the Senate, the bill will be sent to President’s Trump’s desk. It will be the largest legislative achievement of the almost one-year long presidency that no one saw coming. “Today, Congress approved a once-in-a-generation tax reform bill. This is the end of a long journey to deliver major tax relief to the American people,” House Speaker Paul Ryan stated. While Democrats and the mainstream media continue to call this move by the Republicans...
  • Accurate Headline: Every Democrat in Congress Just Voted Against Pro-Growth Middle Class Tax Cuts

    12/20/2017 8:07:19 AM PST · by Kaslin · 28 replies ^ | December 20, 2017 | Guy Benson
    Last night, the Senate adopted the final version of a major tax overhaul that nonpartisan organizations all agree will boost economic growth, make the US corporate tax rate far more competitive on the global stage, and will cut taxes, on average, for every single income group in America.  Every single Democrat who cast votes on the bill in both legislative chambers voted no.  'Resistance' now requires consigning your working class and middle-income constituents to higher tax burdens, apparently.  Thanks to Democrats' unified failure, more than 80 percent of taxpayers will see an immediate cut, with less than five percent getting...