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Thread: MiddleClass wealth is gone

  1. #11
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    Quote Originally Posted by PolWatch View Post
    This may sound kinda like I'm wearing a tin foil hat, but...I have wondered if the aging of the Baby Boomer generation has some effect on the declining middle class. Our goal was to make life easier for our children, which we did. Unfortunately, a lot of those children decided they were entitled to our continued support and have not made a lot of effort on their own behalf. comments?
    Our standard of living has been in decline for generations, I've made that argument before but the upper class has never been wealthier.

    Wingnuts $#@! the bed over the concept of "wealth redistribution" and I'm not suggesting that, but the market is not free in the sense that the upper class has a distinct lock (privilege) on it. The middle and lower class can work hard and make the right moves and still, consistently, not achieve peak success.

    This system is broken because we let the upper class govern ourselves, of course they're going to look out for themselves first. This is why it pisses me off when I see regular people like us kissing the rich white guys ass by saying "we wouldn't have jobs, we wouldn't have capital, we wouldn't have economic growth if they weren't so $#@!ing filthy rich" which is just utter bull$#@!.

    So we bicker over minimum wages, shrinking middle classes, taxes, welfare and the upper class gets fatter and fatter.

    So how are we collectively not a pack of idiots?
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  2. #12
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    Perhaps. But the largest contributor to the shrinking middle class is caused by government regulations, taxes, and programs that don't work as advertized. Whether it is deliberate or not is debatable.
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  3. #13
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    PolWatch's Avatar Senior Member
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    Einstein's theory of insanity has been proven to be fact, again & again & again. Maybe we believe that if continue to vote the way of the wealthy, we will acquire wealth by default (it will rub off on us)!

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  5. #14
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    Quote Originally Posted by Peter1469 View Post
    Perhaps. But the largest contributor to the shrinking middle class is caused by government regulations, taxes, and programs that don't work as advertized. Whether it is deliberate or not is debatable.
    I think regulation is needed. Not all but a lot of it. I don't trust Wall St., who should?

    I agree about taxes, programs and needless regulation but again - these things are all being done in the class created/driven system.
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    Quote Originally Posted by Peter1469 View Post
    Perhaps. But the largest contributor to the shrinking middle class is caused by government regulations, taxes, and programs that don't work as advertized. Whether it is deliberate or not is debatable.
    I'm not paranoid enough to think it is deliberate...I believe it is a by-product of allowing the wealthy (individuals, corporations) to write the laws & tax codes.

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    Quote Originally Posted by PolWatch View Post
    Einstein's theory of insanity has been proven to be fact, again & again & again. Maybe we believe that if continue to vote the way of the wealthy, we will acquire wealth by default (it will rub off on us)!
    "Rub off"?

    That's an appropriate pun for this situation because it's basically what voters are doing.

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    Rather, if we keep electing politicians who sell out to the wealthy, we can expect the middle class to be gutted, the poor to become poorer, and the rich richer.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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  11. #18
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    Quote Originally Posted by Captain Obvious View Post
    I think regulation is needed. Not all but a lot of it. I don't trust Wall St., who should?

    I agree about taxes, programs and needless regulation but again - these things are all being done in the class created/driven system.
    I agree. I don't advocate for zero regulations.
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    Quote Originally Posted by Chris View Post
    Rather, if we keep electing politicians who sell out to the wealthy, we can expect the middle class to be gutted, the poor to become poorer, and the rich richer.
    my junk is ugly

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    Sure, regulation that generally promotes competition. Problem is most regulation inhibits it. Taxes, subsidies, licensing, tariffs, etc, all inhibit competition.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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