Also why we have the the worst inequality, poverty, upward Mobility and infrastructure and everything else in the modern world. Thanks GOP and silly dupes like you. We're number 23!!
The US produces close to a half-million new millionaires every year. How much more upward mobility do you want than that? The main reason we have poverty if because the Democrats have promoted irresponsibility. Single parent homes (which Democrats also promoted) is a leading reason for poverty.
"Folks, if you pay people not to work, don't be too surprised when they don't."
Rush Limbaugh
Did you read the whole article Ray, or did you stop after the part about 500,000 new millionaires ever year?
Did you read the part which said that these new millionaires are being created by a tax code which transfers wealth from the working class to the investment class? People aren’t getting rich from their own efforts, but rather by a tax code which transfers money from those who work to those who don’t.
Did you read that 75% of American families are struggling to make ends meet?
Or that 3/4 of all wealthy individuals say inheritance was a factor in their accumulation of wealth?
1,700 People in America Are Becoming Millionaires Every Day
Try reading the WHOLE article this time Ray.
There are 4 million babies born in the US each year. Even with a half a million millionaires being created each year, this means the other 3 million children who are being born this year are not going to be “thrivers”. 3/4 of these children will grow up poor because Donald Trump is accelerating that transfer of wealth with the new tax code.
Upthread someone whinged that 30% of all immigrants are on welfare. That’s substantially less than the 47% of American citizens who are currently receiving social assistance? The people Mitt Romney labelled as “takers”.
The ignorance of right wingers on matters of the economy makes it easy for Republicans to fool you into thinking they know what they’re doing.
I didn't read any article because I didn't post an article. However I did read yours by Nanny Bloomberg.
What it said in a Clintonizing way was that inheritance was a factor--not the direct reason people became wealthy.
Now I'm a working class guy. I don't remember any deduction out of my paycheck that went to the rich. I do transfer money to the rich just like you do, but it's an option and not a mandate by my employer. You and I both transfer our wealth to the top several times a week. Nobody is holding a gun to our heads to do it either.
And your article didn't say anything about the tax code. Even if the tax code played a part, it's not the reason people become wealthy. All Trump's tax code did was allow people to keep more of THEIR MONEY THAT THEY EARNED!
To your chagrin, all money does not belong to government, and what they allow us to keep is a gift from them to us. Money is property no different than your car or home. You earned it, you created it, and it's rightfully yours.
As a Canadian, my tax dollars do NOT go to the rich. They go to Canadian citizens - in child benefits to young families, for universal health care, and for old age income supplements. They go to roads, bridges and infrastructure.
What they don’t pay for is a massive bloated military protecting “Canadian interests” around the globe. They don’t pay for income supplements for underpaid corporate employees, nor do we have a bloated government paying out income supplements to working people. Corporations in Canada are required to pay a living wage to their employees.
While the US middle class is watching their wealth shrink to create those 500,000 millionaires each year, the Canadian middle class has the fastest growth in the world.
Fascinating.
You say, "My tax dollars do NOT go to the rich, they go to Canadian citizens" . . . as though you think "rich" and "citizen" are somehow mutually exclusive. Are you telling us there are no rich Canadian citizens, or just that rich Canadians are barred by law from gleaning any benefit or value from the government whatsoever?
Then you begin telling us all the "wonders" that your government doles out of your pocket, as though rich people HERE are getting all of those things free, but rich people THERE aren't . . . even though that's ridiculous on several levels.
One of the main reasons WE spend so much on our military is so that we can protect craven little hangers-on like Canada, and allow them to lounge around, touting their "moral superiority". Do not go there, Sparkles. Seriously. Your government is GLAD that the US is "barbaric" enough to spend on the military, even if YOU are too damned dumb to understand it.
I'm laughing at your "look at all these freebies we hand out, but NONE of it goes to corporate employees". Uh huh. "NO income supplements to working people." Well, except for child care, universal healthcare, all that other stuff you mentioned . . .
"Corporations in Canada pay a living wage to their employees." Could be one of many reasons why Canada ain't a major business hub of the world, hmmmm?
If you really think being middle-class in Canada is better than the US, you go with whatever makes living there tolerable. God knows, we have plenty of idiots here already, and have NO desire to add the likes of you. But there are a few things you're not considering in your simpleton's rush to believe any flattery you get:
The study cited by the NYTimes looks at Canada as a whole, rather than breaking it down by region. In actual fact, a handful of places with booming economies are boosting the averages for other places that aren't doing well.
The time period addressed in the study happens to have coincided with a recession in the United States, which included a housing crisis. Housing is, of course, one of the largest portions of wealth in the middle class.
Canada's middle class has one of the highest rates of personal debt.
While Canada's middle class saw gains during the study's time period, it continues to have the lowest growth rate of the nation's studied.
The study didn't factor in the impact of high taxes on the middle class at all.