Re: 1 in 2 Americans Now Poor or Low Income
I am unsure what else to provide you other than what I have where several sources claim the income between the classes has become more uneven. Wealth accumulation at the top has occured. If the OP has any merit at all and take what I have added, it concludes that there are now more at "poor or low income" which suggests that middle class is where they came from. We can go back and forth all day on what the standard is for low income, middle income, upper income but at the end of the day there is enough evidence to show what we are saying in that income divison and wealth accumulation at the top has caused more harm than good. And we see that in plenty of aspects of our economy as well as the fiscal condition of our government. I am not suggesting anything drastic like confiscation or crazy high taxes. But there was a time in which we were an economic power based on what our middle class could produce, that time has been lost to political influences over time. What I am saying is that we need to review government actions effecting the market place and do something to promote the middle class as something other than debt based consumers.
Originally Posted by jviehe
- Frustrated Independent
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." - Benjamin Franklin
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people. - Penn Jillette amazingly enough, and I agree.