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What killed the middle class?

I don’t want to click the link and give my computer teh AIDS, but it feels like it’s probably millennials.
 
Deacfreak07 said:
I don’t want to click the link and give my computer teh AIDS, but it feels like it’s probably millennials.
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Actually there has been little growth of the lower class in America. If anything what is killing the middle class is more people are becoming wealthy. Damn capitalism.
 
WFFaithful said:
link?
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FT_18.09.05_Middle-Income_2.png
 
What do you mean? There’s only been 4% growth in the lower class but there’s been FIVE!!! percent growth in the upper class.
 
I pay an absurd amount of my annual income into taxes. I think I'm probably middle class, but toward the lower end of middle instead of the upper. Year after year, the amount of income, sales, and property taxes that I pay are standout numbers when I'm budgeting for the next fiscal year.
 
Grabs Turds Bare said:
I pay an absurd amount of my annual income into taxes. I think I'm probably middle class, but toward the lower end of middle instead of the upper. Year after year, the amount of income, sales, and property taxes that I pay are standout numbers when I'm budgeting for the next fiscal year.
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exactly. It is absurd that the ownership class is not paying more, and producers like you are not relieved of such a heavy tax burden.
 
Grabs Turds Bare said:
I pay an absurd amount of my annual income into taxes. I think I'm probably middle class, but toward the lower end of middle instead of the upper. Year after year, the amount of income, sales, and property taxes that I pay are standout numbers when I'm budgeting for the next fiscal year.
Click to expand...

I bet you loved that Trump tax cut
 
WFFaithful said:
link?
Click to expand...

http://www.aei.org/publication/yes-the-us-middle-class-is-shrinking-but-its-because-americans-are-moving-up-and-no-americans-are-not-struggling-to-afford-a-home/

Bottom Line: There has been a shrinkage of America’s middle class over time (by either measure above), but it’s not a story of economic gloom and doom, characterized by a “widening gap between what Americans earn and the housing they can afford” but rather a positive story of economic prosperity and upward mobility that has gradually but consistently lifted millions of lower-income and middle-income US households into higher income groups over time. The fact that nearly 28% of US households annually earn $100,000 or more runs counter to the widespread narrative of an American middle-class in decline and deserves much greater attention as evidence of a dynamic and prosperous America with significant income mobility.
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Why do so many members of the Tunnels' Left gnash teeth over economic prosperity and upward mobility?
 
WakeandBake said:
exactly. It is absurd that the ownership class is not paying more, and producers like you are not relieved of such a heavy tax burden.
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Perhaps I'm confusing you with another lefty (and if so I apologize in advance)... but isn't your wife a small business owner?

If so, now that she is a member of the ownership class, what is a fair tax rate for her to pay? 50%? 55%? 70%?
 
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