Please explain Americans why you Republicans support the wealthy over your own middle class?
I could never understand why the misguided mouthpieces in the Republican Party continue to make excuses for the top 1% wealthiest while dissing their own in the middle class. Cowards and Traitors, the bunch of ya. While the middle class is trying to unite against the wealthiest, some in the middle class are playing the Benedict Arnold role - all in the name of the Grand Ol' Party.
Shameless Cowards - the lot of you
-----
Well, MiddleCl-Ass, another mis-informed post!
1. The glaring error in your post is the underlying idea that there is a 'rich' class in this nation.
No such class exists in an ongoing basis...merely as a snapshot in time.
"More than three-quarters of those working Americans whose incomes were in the bottom 20 percent in 1975 were also in the top 40 percent of income earners at some point by 1991, says Sowell."
Source: Thomas Sowell, "How Media Misuse Income Data To Match Their Preconceptions," Investor's Business Daily, January 12, 2010.
For text:
How Media Misuse Income Data To Match Their Preconceptions - Investors.com
2. When all sources of income are included -- wages, salaries, realized capital gains, dividends, business income and government benefits -- and taxes paid are deducted, households in the lowest income quintile saw a roughly 25% increase in their living standards from 1983 to 2005. (See chart nearby; the data is from the Congressional Budget Office's "Comprehensive Household Income.") This fact alone refutes the notion that the poor are getting poorer. They are not.
The data also show
downward mobility among the highest income earners. The top 1% in 1996 saw an average decline in their real, after-tax incomes by 52% in the next 10 years.
America is still an opportunity society where talent and hard work can (almost always) overcome one's position at birth or at any point in time. Perhaps the best piece of news in this regard is the reduction in gaps between earnings of men and women, and between blacks and whites over the last 25 years.
http://online.wsj.com/public/article...536934297.html
3. There's a lot of
income mobility in America, so comparing poor families today with the poor families of 10 years ago can be misleading because they're not the same families. Every year hundreds of thousands of new immigrants and the young enter the workforce at "poor" income levels. But the CBO study found that, with the exception of chronically poor families who have no breadwinner, low-income job holders are climbing the income ladder.
The Poor Get Richer - WSJ.com
4. Over half of the poor earning at or near the minimum wage are between the ages of 16 and 24. As Sowell wryly notes, these individuals cannot remain from 16 to 24 years of age indefinitely, though that age category can of course continue indefinitely, providing many intellectuals with data to fit their preconceptions.
An Independent Mind by Daniel J. Mahoney, City Journal 18 June 2010
Wise up, and stop gobbling up the Left-wing propaganda....Simp.