Do you have kids? Where do you live? Do you have a mortgage, student loans or any debt? I don’t.If I only made $100k per yr I would be depressed.Honestly I grew up in the 70s and 80s in metro Detroit. Back then a guy could graduate high school and go find a job that would support a family of 5. One income. One bread winner.We don’t have to be worse than Europe. Maybe we’re still better but not as much as we were before Reagan bush and trump.Then don’t expect America to be great again. Not if you are middle class. The middle class is struggling big time. Compared to our parents most of you are lower middle class actually.Hey, if you want to live or do business in ny you have to pay. Otherwise go to Alabama. Use their ports and tear up their roads.It is way too expensive to live in nyc. People who worked in nyc but now work from home have moved to places where their salaries go a lot further.Has the mayor figured out how to blame Trump yet ?
The number of empty rental apartments in Manhattan nearly tripled compared with last year, as more New Yorkers fled the city and prices declined.
There were more than 15,000 empty rental apartments in Manhattan in August, up from 5,600 a year ago, according to a report from Douglas Elliman and Miller Samuel. The inventory of empty units is the largest ever recorded since data started being collected 14 years ago, the report said.
Manhattan rental market plunges, leaving 15,000 empty apartments in August
Hopes for a rebound in the fall or the end of 2020 look increasingly unlikely. Although rental prices have come down, the discounts are not steep enough yet to lure new renters back to the city.www.cnbc.com
Shuli on the Howard stern show moved to Alabama. With what he makes he’s rich in Alabama. If you can work from home why live in a city where $100,000 a year is not a lot?
And whose fault is that?
You jack up taxes, jack up regulations, jack up housing policy, jack up the police so that crime is everywhere, which increases costs on the city.... and then you say "It's too expensive to live there" as if that just fell out of the sky randomly.
No it didn't. Bad policies caused this.
And by the way, they could have had thousands of well paying jobs in NYC when Amazon built an HQ there, but AOC drove them out. Brilliant.
Well that's kind of my point. They are not, and they leaving.
People are leaving NYC. That's the point. This is true everywhere.
When France implemented their wealth tax... they said the same thing. "Hey, if you want to live and do business in France, you have to pay!"
and you know what happened????
Wealth tax is forcing 12,000 millionaires PER YEAR out of France
Edouard Philippe defended President Emmanuel Macrons' new tax break for the wealthiest, saying it is needed stem the increasing flow of the richest leaving France.www.dailymail.co.uk
They left! They were packing up their wealthy, their businesses, and their families, and leaving.
Famously in Jamaica, when PM Manly passed all his socialist crap.... he said openly "There are six flights a day to Miami"... and people started taking the flights to Miami. They left.
You can't hurt the rich. Only yourself. It was poor people of Jamaica that end up dealing with the joblessness and high crime.
The rich left.
Same in NYC. The rich are leaving. The poor are stuck jobless, and victimized by the criminals.
So, yes.... they will leave.
The middle class is getting smaller. If you are securly in the middle class and doing well and you’re ok with a 20% cut to your social security, vote republican.
If you are going to need your social security, you’re a fool being a republican.
I actually don't believe that America was ever not great. At least thus far. America has never ceased being great.
The only people who think that America has declined, are the fools who have never lived, or been elsewhere, or know people who live elsewhere.
I do. I've been to Europe. I know people who live in Europe right now. And if you think America is not better than Europe, or the rest of the world, you are crazy. You don't know what you are talking about.
People in Europe live lower standards of living, universally. Smaller houses, smaller cars, smaller appliances, less spending money, less entertainment.
There is no possible way to measure the standards of living in the rest of the world, and compare to the US, and not have the US be better.
Why do think we have millions of people trying to get into this country? It's one of the most baffling aspects of Left-wing contradictions, that you want open borders to let people freely come into the country, and at the same time claim the country is declining and everything is terrible, and America is racists and evil.
Those are mutually exclusive positions. People don't risk their lives, to get into places that are terrible.
The middle class is struggling big time. Compared to our parents most of you are lower middle class actually.
No, I don't buy that. You show me one person who walked the exact same path as their parents, and is worse off.
I'm not making the same money as my parents, but that's because I am not in the same career as my parents.
I have relatives, where their parents were wielders. Their son, became a wielder too. Their son is make more money than his parents did, when they were his age.
I know engineers, and they make more money in engineering than their parents who were engineers.
And as far as the standard of living.... no you are still crazy.
My standard of living today, is better than my parents when they were my age. By quite a bit too.
My house is bigger, than the house they had at my age. I have had central air conditioning since I was in college, in 1999. My parents didn't have air conditioning until they were in their late 50s. Microwaves, internet, computers, instapots. My parents didn't have cable TV until they were in their late 50s, and in fact, didn't even own a TV until they were in their late 40s.
I've had all of that, and smart phones, and GPS driving directions, and on and on and on.
We today, are miles and miles beyond where are parents were at the same age. You are crazy if you think otherwise. Absolutely crazy.
The poorest WORKING people today, have a higher standard of living, than the middle class of the 1970s. By a MASSIVE margin.
Now if you are living off welfare and unemployment, and not working consistently full time, then yeah, they are falling way behind, and need to get off their butts, and work for what they want.
But the poorest working people putting in full days work every day.... no they are way beyond where the middle class was in the 1970s, or even 1980s.
The middle class is getting smaller. If you are securly in the middle class and doing well and you’re ok with a 20% cut to your social security, vote republican.
If you are going to need your social security, you’re a fool being a republican.
Social Security was going broke before Trump was even running for office.
You are fool if your retirement plan is to depend on Social Security.
Before any of this Covid nonsense happened, SS was going broke. Before Trump was ever elected, SS paid out so little, that you were basically going to live in poverty until you die, if Social Security was your retirement plan.
Anyone who plans to retire on Social Security is an idiot. You need to be saving for your own retirement out of your own income, like everyone else should be doing.
Social Security is the most poverty creating program in US history. Don't be stupid. Save for retirement.
And when I say we’re not better than we were before I mean the middle class. The rich are doing great.
Half of me is working class and half is investor class. As a worker I disagree with you. As an investor I partially agree with you. And when I agree I certainly don’t agree on your suggested remedies.
Again, factually speaking, we are way better off after the 1980s, than before.
If you telling me that the working class, TODAY.... is worse off, than the working class of the 1970s.... or before.... you are crazy. You are factually incorrect sir.
We are way way way better off than the people in the 1970s or before.
The middle class TODAY... is better off than the middle class of the 1970s.
And yes, investors are better off too. You know who is an investor? Likely.... 70% of the population?
55% of people have investments in the stock market.
65% have property investments.
15% have pensions, which are in fact investments, typically in the stock market.
And there are millions with annuities, and those are typically invested in stocks too.
And by the way, there is a connection between investment and labor. Most jobs wouldn't exist without investment.
So while someone might claim "The investor class is doing well, but the working class is not".... really? Because without the investments, hundreds of millions of jobs wouldn't exist, and those workers would be far worse off.
Today to do as well you have to go to college and how much does that cost? So blue collar are not better off today and back in my day college was $5000 a year. I worked in the summer and saved most of my tuition. Maybe my dad had to chip in $1000 a year so I didn’t need student loans.
And honestly, for years I had a college degree but wasn’t doing as well as my dad did. I am now but that is common now especially for millennials. First generation who won’t do better than their parents.
I may make more than my dad ever did but am I better off? Fuck no. My dad has great retirement benefits through ford. And a pension. He took the buy out.
Oh yea and me. I make $100k a year give or take now. Have for the past 5 years. I’m 49. So let’s say I’ve got to at least work till I’m 62 to collect social security and Medicare. If they let me retire with those things at 62 I will I don’t care how much I lose for retiring early.
BUT. If I would have went to work at ford when I graduated highschool at 17, I’d already be getting a 30 year pension 2 years ago. At the age of 47. So even though I’m balling and have no debt, I’m still going to have to work 15 more years than if I would have just taken that union job at ford.
plus i wouldn’t have spent that $20,000 on a bachelors degree.
im considered upper class. One person household.