The middle class is being wiped out

[LogikAndReazon]

The Dow is based on the assumption the next sucker will pay more than the last sucker !

Untrue. A company's stock price is determined by the value of the company. The quality of its products, and the demand for same. It's innovation. It's cash balance. It's debts. It's workforce. It's competition. And so on and so forth.


At least it was until our politicians began to legislatively tilt the playing field in a big way to favor their friends, especially those in the financial sector.

Somewhere there was guy happy to sell stocks that would pay his investment back in only 7 years. We call that guy a moron. Similarly, somewhere there was a guy willing to buy stocks that wouldn’t pay him back in 25. That dude’s a moron too.It’s a good thing these folks exist, because they’re the high level engine that powers profits in the market. Everything else is just the details. It’s the people willing to over or under pay by a factor of two because they’re too uneducated to know otherwise that fuel the whole machine. Without a sucker, there’s no reason to hold a poker game.

Such staggering wisdom . In an embarrassingly comical way.

 

[gwennie]

obamination and his fellow goons need the middle class to fall to the poor class where they will depend on govt handouts to survive.

A middle class is dangerous to the socialist/communist because they have some wealth, can live on their own wealth and want more wealth through work and education. That is dangerous to the obaminations of the wold because they need those people to rely on them for their resources to survive.

Meanwhile, the rich will keep their wealth and protect it with laws they pass for the poor class to follow. Castro has lived the luxury life in Cuba while others there stood in line for food, medicine, etc.

The idiots here claiming this is all a lie are the useful idiots the leftists use until they kill them off at the purge.

 

[gwennie]

Amazingly, the richest have tripled their wealth while the country goes to Hell.

and so what has BO done about it......? put more people on govt. cheese.....? great plan...
ps: the tax hike on the rich will last about a week....

The tax hike on the rich won't happen at all.....obama will pass some secret legislation to allow his wealthy political donors to avoid paying the tax, or the wealthy will find a tax loophole to avoid paying the tax. There will be NO higher taxes on the rich.

 

[francoHFW]

What planet do RWers live on? See post 36 and sig pp1- Pubs ALWAYS ruin the middle class. Especially Reaganists.

 

[GoneBezerk]

the kook posts for the second day in a row liberal spam.

The dupes are so damn dumb.

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

The Demise of the American Middle Class In Numbers. | Fact Left

Amazingly, the richest have tripled their wealth while the country goes to Hell.

 

[ScreamingEagle]

Amazingly, the richest have tripled their wealth while the country goes to Hell.

and so what has BO done about it......? put more people on govt. cheese.....? great plan...
ps: the tax hike on the rich will last about a week....

As much as the "no compromise, un-American Tea Party GOP" (TIME) has allowed, dupe. Including cheap school loans and training, infrastructure, all kinds of intelligence, including supporting new industry and O-care, proved to save money on the worst inflationary problem there is. Try getting off the Pub propaganda machine.

Sorry about not screwing the victims of the Pub Depression and mindless obstruction.

school loans.....BO had the government take over school loans....keeping them out of the free market and middle class banking business....so how does taking over a market sector and closing off personal options help the middle class....? Next he will want to get the graduates to work for the government in return for loan forgiveness...how the hell will becoming government administrators help the middle class.....?

infrastructure......BO already had a crack at this and totally flopped....

intelligence....BO is all for invading your privacy.....you like that....? how does government tracking the middle class help it....?

new industry......you think it is the government's responsibility to pick winners and losers....? BO seems to only pick losers (or help his corporate buddies)....explain how that helps the middle class...

O-care.....fast becoming the biggest rope around the neck of the middle class....

the worst inflationary problem there is = BO's excessive spending.....our country is going deep into debt very fast with this guy....how does that help the middle class...?

i don't see BO actually helping the middle class in any real way......in fact it appears just the opposite....

Try getting off the LIEberal Propaganda Machine for once........

 

[DiamondDave]

And our work sent this out today...

Hello everyone – As you may know The House and Senate recently passed new legislation that will affect your tax deductions beginning in 2013.
The American Taxpayer Relief Act (ATRA) outlines several tax requirement changes including changes to Social Security and Medicare deductions. Provided below are some common questions and answers to help you understand the difference in the deductions you will see in your paycheck beginning with the January 15th payroll. Please contact a member of the HR team if you have any questions. Thank you.


Common Questions

Answers
Will the employee Social Security deduction percentage rate be changed for 2013? Yes, the employee Social Security rate has been increased from 4.2% to 6.2%.
What is the Social Security Taxable Wage Rate for 2013? The Social Security Taxable Wage Rate is $113,700 for 2013 (it was $110,100 for 2012).
What is the Maximum Employee Social Security Tax paid by an employee for 2013? The Maximum Employee Social Security Tax employees are expected to pay for 2013 will be capped at $7,049.40 (up from $4,624.20 in 2012).
Will the employee Medicare rate be affected? Yes, Medicare Tax will increase by 0.9% for all employees earning over $200,000.
What is the new Medicare Tax Rate for those earning over $200,000? The new Medicare Tax Rate for 2013 is 2.35% for those earning over $200,000 (UP from 1.45% in 2012).
Is there a taxable wage limit for Medicare Taxes? No, there is no taxable wage limit for Medicare Taxes.
How can I see if Medicare Surtax is coming out of my paycheck? The Medicare Surtax will be coded to R on your pay stubs under Other (voluntary deductions).

 

[boedicca]

Progressives have no intention of helping the middle class unless one's definition of help is to impoverish someone and to put him under a government yoke.

 

[francoHFW]

TY, Professor Rushbeck. Don't forget we hate profit, dupe. History and facts means nothing to you brainwashed blowhards. LOL- on your way to the garbage can of history, dingbats.

 

[ScreamingEagle]

TY, Professor Rushbeck. Don't forget we hate profit, dupe. History and facts means nothing to you brainwashed blowhards. LOL- on your way to the garbage can of history, dingbats.

you can't explain how BO is helping the middle class because BO is actually out to destroy it.......dupe

 

[francoHFW]

He's making the rich pay their fair share, getting health costs under control, getting useless middlemen out of college loans, fixing infrastructure, and keeping unscrupulous financiers out of your pocket. More to come, chump of the greedy rich who HAVE ruined the nonrich and the country. You believe a pile of Pubcrappe- my sig pp3 to begin with.

 

[OohPooPahDoo]

The middle class is being wiped out

Its really sad to see you engaging in class warfare. Why do you hate the rich?

 

[boedicca]

He's making the rich pay their fair share, getting health costs under control, getting useless middlemen out of college loans, fixing infrastructure, and keeping unscrupulous financiers out of your pocket. More to come, chump of the greedy rich who HAVE ruined the nonrich and the country. You believe a pile of Pubcrappe- my sig pp3 to begin with.

I call shenanigans.

Define "Fair Share". What % of a person's income should be paid to the government?

 

[ScreamingEagle]

He's making the rich pay their fair share, getting health costs under control, getting useless middlemen out of college loans, fixing infrastructure, and keeping unscrupulous financiers out of your pocket. More to come, chump of the greedy rich who HAVE ruined the nonrich and the country. You believe a pile of Pubcrappe- my sig pp3 to begin with.

i've already pointed out how those things are NOT helping the middle class......got anything else......dupe...?

 

[ScreamingEagle]

The middle class is being wiped out

Its really sad to see you engaging in class warfare. Why do you hate the rich?

i'll bet you've never attended much class in your life....sad....

 

[ilia25]

Things are only getting worse under Obama....is this the "transformation" that he spoke of....?

It is not Obama, you moron. This what the trickle-down economics has been doing to this country for the past 30 years:

 

[francoHFW]

He's making the rich pay their fair share, getting health costs under control, getting useless middlemen out of college loans, fixing infrastructure, and keeping unscrupulous financiers out of your pocket. More to come, chump of the greedy rich who HAVE ruined the nonrich and the country. You believe a pile of Pubcrappe- my sig pp3 to begin with.

I call shenanigans.

Define "Fair Share". What % of a person's income should be paid to the government?

When the richest 2% triple their wealth since 1982, get 93% of new wealth in the last 4 years, while the nonrich get bupkis and the country goes to Hell, the rich are NOT paying enough. Look at post 36- that's what voodoo does. Not reported on the Pub Propaganda machine.

 

[OohPooPahDoo]

The middle class is being wiped out

Its really sad to see you engaging in class warfare. Why do you hate the rich?

i'll bet you've never attended much class in your life....sad....

Yes, I've never attended a single class room in my life, LSU hands out physics PhD's to anyone with a laptop and nice smile.

 

[Wacky Quacky]

He's making the rich pay their fair share

How does the rich paying more in taxes help the middle class? My paycheck doesn't go up because my boss pays more in taxes.

getting health costs under control

All that the ACA did was increase access to care, not drive down costs. Costs have still been going up.

getting useless middlemen out of college loans

And adding in a governmental middle man. You now what would be a better idea, teaching kids that they don't need loans if they work hard and pay for their own education. I realize that's not always the case with some of the more expensive fields, but loans are not needed for every degree like we seem to think.

fixing infrastructure

Which I support, but I wish we didn't spend 3 times what we needed to on those projects.

and keeping unscrupulous financiers out of your pocket

Pfft! LOLOLOLOLOLOLOLOL!! The only person that can keep unscrupulous financiers out your pocket is you. But please, explain how Obama magically accomplished this?

 

[LogikAndReazon]

There certainly is an ongoing massive redistribution of wealth up the income ladder. No doubt about it. And when the economic sector which was making 40 percent of all US corporate profits fucked everything up and destroyed our economy in the process, the government put them on the tit and ignored their crimes, because there's nothing sadder than a banker who committed fraud going to jail.

Instead of letting them fail and imprisoning the crooks, which is what real capitalism does, our tax dollars and our currency were hijacked to entrench them and make them even bigger at our expense.

The Dow is no longer based on fundamentals. It is one giant hallucination.

These are the mothers of all freeloaders.

But, hey! There's some guy on food stamps whose neck we really need to step on. And Obama has 54 Christmas trees! Fifty-four!!!

And his wife is fat.

thats why the smart folk "invest" in social security and keep the loot under their mattresses.......For prosperity !!!!!!!!!!! lol