America has the record for the most millionaires in the world, and some say we have more poor families than we have middle class. Do you think this is true?
Do you think the U.S. is heading into a downward spiral or is this just a temporary concern?
How do you predict the U.S. will become in the next twenty years?
Some say the people in the upper-middle class treat the poor or lower working classes like dirt. So could this be a kind of caste system?
I was raised to work and was treated poorly by wealthier counterparts. However, because I have toilet paper, hot water, clean water, and a fridge I think I am better off than many in the world.
Wiki, where moderators have raging huge mega e-boners for deleting stuff and/or writing "citation needed". Good way to troll them is to put citation needed tags where they don't belong.
I do my best to put citations and references on info when I have resourced from someone else. However, I don't like running to Wikipedia anymore because anyone can add bogus info. Don't get me wrong, there is a lot of good info but some of those pages are really long and it's very easy for people to be misinformed from those who type up false info (knowing or unknowing to themselves).
""money will dry up"" is a reference to the economy being so shitty, people become more independent. We're the number one consumers in the world, if folks start gardening(to the level of victory gardens during/after wwii), if folks start being smarter, not so frivolous they loose profit. I don't think they already spent the money their.
Thank you for your perspective on this. I think the bad economy was a sort of "wake up call" for many families. However, people have to learn to watch their wallets no matter where they are in the country or world. I was at the Gem show here in Tucson and the city had found frauds selling false gems (link). There were are a lot of Moroccan sellers. Many fake fossils are known to come from Morocco (link), and I think I spotted some fakes. I can see how Americans might look like "suckers" to many foreigners too.
My boyfriend watches this show. Some of the stuff they come up with at times can be hilarious. And that Brad guy takes himself way too seriously. Pretty funny stuff.
What do you define as "poor" and "middle class", and how does one tell what class someone is in? I have not noticed a large amount of people wandering about at night in shabby clothes, strong odor, emaciated etc. There is a small segment of the population that's like this, but a lot of them are addicted to drugs (in my experience). But that could be my middle-class bias speaking, i.e. not really noticing "non middle class" people around me as any different.
There's also a class mobility issue - a lot of folks have lived under bridges or lost a huge amount of weight due to unemployment, but gotten back to the middle class soon enough. People I know. A lot more folks live prudently on savings while unemployed, and I don't see how they would be treated as different caste-wise. As for millionaires, I have no idea how they would tell who's "middle class" and who's "poor", except in an occupational context. When you're at Walmart or the park together, who can tell?
I mean, I can understand people making comments about unemployed folks, but from experience the 'unemployed' seem to be considered as just part of the middle class. There are "projects" but the main stereotypes about them are racist rather than classist.
My daughter just read your comment over my shoulder and she said that's easy, middle class pays in taxes at the end of the year and poor get income tax back and the rich do not pay taxes at all they pay lawyers instead.
The difference is that the wealthy don't shop at Walmart.
"Wal-Mart... do they like make walls there?"
That's considerably worse than I thought. Is it an issue of not being able to pay for property tax (the housing value thing)? Also, is it an option for folks to band together and meet some needs locally ... rearing chickens and growing food, eating grains geared toward feed rather than 'human quality' type, wood for heating rather than relying on gas and coal and for work, freelancing on Odesk for gas and tax money?
Again, excuse my privileged ignorance. I am trying to comprehend the depth of the issue.
I am taking a payroll class. Our instructor was talking about his real life experience one day. He mentioned he once worked for a business who CEO was paid well enough to not have to pay Social Security taxes passed April. (You only have to pay Social Security on $110,100 of your wages, once you earn over that you don't have to pay the Social Security tax anymore for the year. For those who don't know.) Anyways, he was only working one day a week. Only one day a week! How can anyone correctly run a business working one day a week? Needless to say, the company ended up going under.
I have serious doubts that CEO's are worth what they are being paid.
I'm definitely a "have-not" and I'm feeling the pinch. I know a lady who volunteers at the local food kitchen (at a church) and she has met new students, lawyers, teachers, business folk alike looking for a meal. These are people who you would think have stable and well paying jobs but they don't. They are hungry and are most likely scared of where they are headed in this economy.
Arguably, there is no middle class anymore. Incomes for the vast majority of Americans have remained stagnent for the last 30-40 years. Every year your employer doesn't give you a pay increase at least matching the inflation rate (currently about 3.6%) you're getting a pay cut - its the economic principle of the time value of money - a dollar today is not a dollar tomorrow. Most people don't know or understand economics to realize how they're getting screwed and having money drained out of them in little ways over time.
Most people don't know or understand economics to realize how they're getting screwed and having money drained out of them in little ways over time
I definitely think that most of the new houses the builders develop are cheaply put together and they charge triple what they are worth. $160,000 house is a lot of money and that does not include interest on any loans someone would need. The prices on merchandise, gas, groceries, etc is "redunkulous" (beyond ridiculous).
Some people are putting off having kids and are moving in with parents just to pay the bills.
Yes, but don't worry America will also disappear.
My husbands boss claims ot be poor but they, really our not oh I can not give you a riase we barely making it but in reality they, go to fancy trips all the time. I say at least we have, a job. With Food costing so much... I am think I am going ot get serious wth, that homestead. thingy again....
I think it is hard as hell to find to like minded person much less 20ty.
I do think people have, no clue as to how ot protest and most could not afford the jail time.
Unless we protest in droves you can forget it. reason the south loss was because, they did not have, the industry and they highly underestiamted themselves.