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The middle class is shrinking
- Thread starter stamperben
- Start date
thaumaturgy
Well-Known Member
Well, I believe that only applies to California residents and since most college kids entering college only have a couple years of work under their belt it's their parents taxes that support this.
Kind of like the reverse of Social Security where retirees get their money from the hard work of the people doing the work today.
Yet when tax rates get hiked it's always the oldesters who complain.
I lived in a town once where I had no kids in school (don't have any kids so I would never see any advantage from the school system) but the town had a lot of seniors many of whom probably had kids that went through the town's schools. So when a tax referendum went through to increase taxes for the school systems my wife and I voted for it, but it was largely voted against by the senior citizens.
Guess the real "gimme generation" got theirs out of the system so didn't see the need to pay into it anymore.
I felt proud of myself because my wife and I will never have kids in that school system yet we voted ourselves a tax increase to help others.
But hey, I don't much care about the real "gimme generation". People who complain about socialism yet make every use of Medicare and Social Security the very second it is available.
I can't help people who's hypocrisy knows no bounds.
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Steve Petersen
Senior Veteran
I suspect that the middle fifth earns less money than in the past. Statistics.
To stay in the middle fifth, then EVERYBODY is earning less money.
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That's not true. If you divide the population into 5 parts, and the top 1 part gets drastically richer while the bottom 4 get poorer, the middle 5th has lost money while the top 5th hasn't. That's whats currently happening, and indeed means the middle class is shrinking.
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Evidentially we want the benefits that come from corporate greed, which is a shrinking middle-class, a lot more than the benefits that come from helping those in need.
.
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Middle class, not middle income.
The middle class is any class of people in the middle of a societal hierarchy. In Weberian socio-economic terms, the middle class is the broad group of people in contemporary society who fall socio-economically between the working class and upper class.
The common measures of what constitutes middle class vary significantly between cultures. In urban India, for example, a family is considered middle class if it resides in an owner-occupied property. In the United States and Canada many families where the primary income-earner is employed in a white collar job are considered part of the middle class. Moreover, most North Americans would take issue with a definition of middle-class which excluded the working class, i.e. 'classic Weberian'. (Hard work is generally held in high honour, fairness and equality are common law, and the North American economy was built upon traditionally labour intensive industries.)
Middle class - Wikipedia, the free encyclopedia
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