GoodTidings
Well-Known Member
Yes and in the last 40 years we have had three Democratic administrations and several Democratic controlled Houses and Senates and yet all this poverty, according to you is the fault of the Republicans.You're talking about the upper middle class. Here is a definition:
Upper middle class - Wikipedia
In academic models, the term "upper middle class" applies to highly-educated, salaried professionals whose work is largely self-directed. Many have postgraduate degrees, with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly may exceed $100,000, with some smaller one-income earners earning incomes in the high five figures.[5] Typical professions for this class include lawyers, physicians, physician assistants, military officers, psychologists, nurse practitioners, certified public accountants, pharmacists, optometrists, financial planners, editors, dentists, engineers, professors, architects, school principals, urban planners, civil service executives, and civilian contractors.[3][6]
Yes, they're doing OK but not relative to the top 1%. The upper middle class income is about $100,000 or so. That certainly puts them in the top 10% but most income gains have gone to the top 1% with an income of about $400,000.
The 1 pct Pocketed 85 pct of Post-Recession Income Growth
The 1% Pocketed 85% of Post-Recession Income Growth
What I always considered to be the middle class is the middle group lower than this group. In the 50's and 60's these were the union factory workers. They are rapidly drifting down towards poverty.
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Their wages haven't grown at all in 40 years in real (inflation adjusted) terms.
Why does everyone have to be making the same as the top 1%? Or why is there this need to topple the top 1%? If they got there honestly, what is immoral about that?
Income inequality isn't a bad thing. If you choose not to go to school and work in lower paying jobs and you agree to the wages the employer offers, then why is that immoral?
In America anyone can go as far as they want to, if they choose to. You can choose to get a better job, or to get more training to be promoted in your current job. You can choose to go to school or you can choose to be entrepreneur.
No one is stopping anyone from improving. But there is no immorality in being richer than someone else as long as it is not ill-gotten gains.
I know, everyone complains about the loop-holes and perks that the 1% get that no one else does. But those are baked into our laws. If you don't like it, change the laws. But if they exploit legal loopholes, so be it. Punishing or begrudging someone for being rich and being able to enjoy fruit of their labors is unAmerican and is nothing more than jealousy.
I note that Obama was always against the 1%, until he needed their $$$ for his election and re-election. He demonized them to gin up his base, but then always went to their fancy fundraisers with his hand out for their money and no one complained about that. So I really don't buy the fake outrage on the Left about the 1% and their manufactured crocodile tears for the middle class. The Left only cares about making America a socialist, police-state.