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(Click Orlando)   The death of the middle class continues, as the average income of middle-class families has decreased 40% compared to twenty years ago   (clickorlando.com) divider line 491
    More: Sick, consumer finance, account balances, middle class, families  
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10684 clicks; posted to Main » on 12 Jun 2012 at 2:22 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-11 09:07:48 PM  
No, subby, you are wrong.

please re-read and try again. you get 3 chances.
 
2012-06-11 09:31:25 PM  
Double the taxes! Triple the taxes! Squeeze every drop out of those insolent, musical peasants.
 
2012-06-11 09:32:57 PM  
In before somebody chimes in with airtight advice for how to get high paying jobs, like going into engineering...
 
2012-06-11 09:36:34 PM  
Hey Kids! Have you considered a career in the fast-paced, high-paying, always-in-demand world of engineering? You can have a degree in as little as 6 months!

/operators are standing by
 
2012-06-11 09:39:15 PM  

Wangiss: Double the taxes! Triple the taxes! Squeeze every drop out of those insolent, musical peasants.


Don't forget, more tax cuts on the rich will fix everything! Never mind how, they totally will!
 
2012-06-11 09:40:23 PM  

The My Little Pony Killer: In before somebody chimes in with airtight advice for how to get high paying jobs, like going into engineering...


a steep decline in the last 3 years? who wants 4 more years of that?
 
2012-06-11 09:45:01 PM  

The My Little Pony Killer: In before somebody chimes in with airtight advice for how to get high paying jobs, like going into engineering...


I was going to say stripping but then I realized....no one really wants to see most of us naked.
 
2012-06-11 09:48:22 PM  

Ambivalence: The My Little Pony Killer: In before somebody chimes in with airtight advice for how to get high paying jobs, like going into engineering...

I was going to say stripping but then I realized....no one really wants to see most of us naked.


Hell... I don't want to see myself naked

/I can't help but cry
 
2012-06-11 09:50:04 PM  

MaudlinMutantMollusk: Ambivalence: The My Little Pony Killer: In before somebody chimes in with airtight advice for how to get high paying jobs, like going into engineering...

I was going to say stripping but then I realized....no one really wants to see most of us naked.

Hell... I don't want to see myself naked

/I can't help but cry


Pints of Häagen-Dazs for everyone. We can cry together.

/I'll even let you eat real ice cream if you want
 
2012-06-11 09:59:10 PM  

The My Little Pony Killer: MaudlinMutantMollusk: Ambivalence: The My Little Pony Killer: In before somebody chimes in with airtight advice for how to get high paying jobs, like going into engineering...

I was going to say stripping but then I realized....no one really wants to see most of us naked.

Hell... I don't want to see myself naked

/I can't help but cry

Pints of Häagen-Dazs for everyone. We can cry together.

/I'll even let you eat real ice cream if you want


is Häagen-Dazs your stripper name? That would make an awesome stripper name.
 
2012-06-11 10:25:15 PM  

Ambivalence: The My Little Pony Killer: MaudlinMutantMollusk: Ambivalence: The My Little Pony Killer: In before somebody chimes in with airtight advice for how to get high paying jobs, like going into engineering...

I was going to say stripping but then I realized....no one really wants to see most of us naked.

Hell... I don't want to see myself naked

/I can't help but cry

Pints of Häagen-Dazs for everyone. We can cry together.

/I'll even let you eat real ice cream if you want

is Häagen-Dazs your stripper name? That would make an awesome stripper name.


If I were to become a stripper, it would be.
 
2012-06-11 10:51:57 PM  
I got mine suckeeeeers
 
2012-06-11 11:28:18 PM  

GAT_00: Wangiss: Double the taxes! Triple the taxes! Squeeze every drop out of those insolent, musical peasants.

Don't forget, more tax cuts on the rich will fix everything! Never mind how, they totally will!


It will trickle down, by and by, we just have to do it harder. The reason that the wealth hasn't tricked down at all, even one cent, for the past 32 years is that we just haven't been kind enough to the top 1%. Obviously, supply side economics will work, if we just manage to eliminate all of the demand. It's a simple question of supply and demand- as long as the wealth is in the hands of the "demand" sector, it can't be in the hands of the "supply" sector. The middle class still have too much wealth. If we can completely eliminate them, so that nobody other than the extremely wealthy have anything at all. *then* they will allow some of the wealth to trickle down and build a middle class. But we're going to have to eliminate the middle class first, if we want that to work.

It's obvious, really.
 
2012-06-11 11:48:27 PM  

FloydA: GAT_00: Wangiss: Double the taxes! Triple the taxes! Squeeze every drop out of those insolent, musical peasants.

Don't forget, more tax cuts on the rich will fix everything! Never mind how, they totally will!

It will trickle down, by and by, we just have to do it harder. The reason that the wealth hasn't tricked down at all, even one cent, for the past 32 years is that we just haven't been kind enough to the top 1%.


I swear, I don't know what it'll take to convince the supply-siders that trickle down doesn't work. It'll probably never happen, because Jim Bob down in Wanksburg, AL, believes whatever bullshiat Karl Rove's slinging with a gold plated shovel bought by the Koch Brothers, and he just knows he'll be one of them billionuhmaires someday so he don't want to pay that outright Communisms top bracket, so he's sure not voting for somebody with a D after their name, because Better Dead Than Red!

At this point, we need Paul Krugman to forge a guillotine from his beard and cock, name it "The Paradox of Thrift," set it up on Wall Street, and use it execute Grover Norquist, followed by anyone who uses the phrase "You can't spend your way out of a recession!"
 
2012-06-12 12:38:18 AM  

kmmontandon: At this point, we need Paul Krugman to forge a guillotine from his beard and cock, name it "The Paradox of Thrift," set it up on Wall Street, and use it execute Grover Norquist, followed by anyone who uses the phrase "You can't spend your way out of a recession!"


dude..... I think I love you.
 
2012-06-12 12:40:40 AM  
FTFA: The average American family's net worth dropped almost 40 percent between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve...The stunning drop in median net worth -- from $126,400 in 2007 to $77,300 in 2010 -- indicates that the recession wiped away 18 years of savings and investment by families....The report also indicated that families with more assets at the start of the recession were able to retain more of their net worth than less fortunate families....Families in the top 10% of income actually saw their net worth increase over the period, rising from a median of $1.17 million in 2007 to $1.19 million in 2010.

So it was only a recession for the proles. Not for the elites. I see. Not sure where Submitter is getting the "twenty years" from. TFA is really about the recent huge-ass recession starting in 2007.
 
2012-06-12 12:41:44 AM  

quickdraw: dude..... I think I love you.


...so what are you so afraid of?
 
2012-06-12 12:41:53 AM  
FFS subby
net worth NOT EQUAL TO income

net worth
was down 40%, mostly from drops in housing market and stock market
income was donw 7-8%, which is still a lot ... but 40%??? LOL
 
2012-06-12 12:45:27 AM  
I'm hoping they'll raise my fica contribution to offset this somehow.
 
2012-06-12 01:21:43 AM  

FloydA: It will trickle down, by and by, we just have to do it harder. The reason that the wealth hasn't tricked down at all, even one cent, for the past 32 years is that we just haven't been kind enough to the top 1%. Obviously, supply side economics will work, if we just manage to eliminate all of the demand. It's a simple question of supply and demand- as long as the wealth is in the hands of the "demand" sector, it can't be in the hands of the "supply" sector. The middle class still have too much wealth. If we can completely eliminate them, so that nobody other than the extremely wealthy have anything at all. *then* they will allow some of the wealth to trickle down and build a middle class. But we're going to have to eliminate the middle class first, if we want that to work.


Don't forget, regulations! We must get rid of those pesky regulations that have hampered the Job Creators from Creating so many jobs like they did in the past. If you relax the business rules and simplify the tax code, they will be able to hire more. Then the trickling down will really start! Hell, it'll trickle down so much, it'll be like mana from Heaven, made of gold. We'll even call it a golden shower.

Then everyone will be rich, not just the 1%.
 
2012-06-12 01:28:11 AM  
newsimg.bbc.co.uk


They have us paying for that boot on the face. Forever.
 
2012-06-12 01:45:22 AM  

tenpoundsofcheese: The My Little Pony Killer: In before somebody chimes in with airtight advice for how to get high paying jobs, like going into engineering...

a steep decline in the last 3 years? who wants 4 more years of that?


Nope...we should definitely go back to starting wars and pretending they don't cost anything.

...so vote Republican!!
 
2012-06-12 02:24:12 AM  
Don't sweat it, once the ruling class figures out where the economy comes from you'll get back your chit.
 
2012-06-12 02:26:15 AM  

kmmontandon: I swear, I don't know what it'll take to convince the supply-siders that trickle down doesn't work.


Umm...I think you are missing the real goal.

roguemedia.org
 
2012-06-12 02:29:13 AM  
Step one: Protest and riot!
Step two: Something, something... ???
Step three: Problems are all fixed. Good job!
 
2012-06-12 02:29:36 AM  
You mean Communism doesn't work? Color me shocked.
 
2012-06-12 02:32:13 AM  
It amazes me how many of you idiots didn't even read the article.

It was not a gauge of income, it was a gauge of family wealth.

Freaking leftist wanting to swing before they even knew the topic... I need bacon
 
2012-06-12 02:32:13 AM  
You'd think they'd have to let us all smoke pot or or, hell...I don't know...believe in the righteousness of an invisible sky wizard as a distraction from how shi-HEY WAIT A MINUTE!!!
 
2012-06-12 02:32:20 AM  

Harry_Seldon: kmmontandon: I swear, I don't know what it'll take to convince the supply-siders that trickle down doesn't work.

Umm...I think you are missing the real goal.

[roguemedia.org image 526x424]


thisishistorictimes.com
 
2012-06-12 02:34:20 AM  

xaveth: Step one: Protest and riot!
Step two: Something, something... ??? get rid of Obama
Step three: Problems are all fixed. Good job!

 
2012-06-12 02:35:16 AM  

tenpoundsofcheese: a steep decline in the last 3 years? who wants 4 more years of that?


Well, you're half right (for you, that's progress). The 3-year period was 2007-2010. Perhaps you recall a major economic event that began in 2007 and who was president then. So far, you're batting .000 on all that.
 
2012-06-12 02:38:25 AM  

FloydA: GAT_00: Wangiss: Double the taxes! Triple the taxes! Squeeze every drop out of those insolent, musical peasants.

Don't forget, more tax cuts on the rich will fix everything! Never mind how, they totally will!

It will trickle down, by and by, we just have to do it harder. The reason that the wealth hasn't tricked down at all, even one cent, for the past 32 years is that we just haven't been kind enough to the top 1%. Obviously, supply side economics will work, if we just manage to eliminate all of the demand. It's a simple question of supply and demand- as long as the wealth is in the hands of the "demand" sector, it can't be in the hands of the "supply" sector. The middle class still have too much wealth. If we can completely eliminate them, so that nobody other than the extremely wealthy have anything at all. *then* they will allow some of the wealth to trickle down and build a middle class. But we're going to have to eliminate the middle class first, if we want that to work.

It's obvious, really.


In order to save something, sometimes you have to destroy it.
 
2012-06-12 02:38:52 AM  
If we keep telling our children that their home is not, in fact, a home, but an INVESTMENT whose value must be protected for the day it can be cashed in, then surely they will grow up well adjusted and have loving families of their own.
 
2012-06-12 02:41:00 AM  

ModernLuddite: If we keep telling our children that their home is not, in fact, a home, but an INVESTMENT whose value must be protected for the day it can be cashed in, then surely they will grow up well adjusted and have loving families of their own.


THIS
 
2012-06-12 02:41:57 AM  

Spaz-master: ModernLuddite: If we keep telling our children that their home is not, in fact, a home, but an INVESTMENT whose value must be protected for the day it can be cashed in, then surely they will grow up well adjusted and have loving families of their own.

THIS


Granted, both extremes are pretty farking stupid
 
2012-06-12 02:44:10 AM  
Hint Link
 
2012-06-12 02:47:26 AM  

Wangiss: Double the taxes! Triple the taxes! Squeeze every drop out of those insolent, musical peasants.


I literally thought about this quote the other day while talking about the economy with someone.

/well played sir!
 
2012-06-12 02:47:59 AM  

MaudlinMutantMollusk: Hey Kids! Have you considered a career in the fast-paced, high-paying, always-in-demand world of engineering? You can have a degree in as little as 6 months!

/operators are standing by


I'm snickering.

25 years as a machinist, currently in school toward a degree in Manufacturing engineering, seriously considering and MFA after that. The recruiters I've talked to over the last 3 or so months are all telling me that that combination would get me 6 figures as soon as I finish school. I don't really believe it, but one can hope. There's always Australia, or Japan.

To hell with the US. It's a capitalist wet dream. A mostly politically illiterate population, coupled with a dream combination of capitalist bootlickers and millionaires sycophants and the politicians that nobody wants to put in jail because they all claim to be "christians". So when they die with the national treasuries billions in their Cayman island and Monaco bank accounts, they'll be forgiven.

It's funny, the "trickle down" fanatics are all going on about how thats the only way an economy can work and they scream "liberal!" every time you ask them when it's going to start working that way. When you start asking them why workers wages are being reduced, they call you a communist.
 
2012-06-12 02:48:51 AM  

Coelacanth: Hint Link


Are you saying we should wear tights, or live communally with men? Because I have skinny legs and can't sleep if someone's snoring.
 
2012-06-12 02:50:03 AM  
Better article on the same data - and a better graph
http://www.motherjones.com/kevin-drum/2012/06/fed-income-and-wealth- ha ve-plummeted

www.motherjones.com
(hot)
 
2012-06-12 02:52:00 AM  

Notabunny: Are you saying we should wear tights, or live communally with men? Because I have skinny legs and can't sleep if someone's snoring.


We've found our Maid Marian.
 
2012-06-12 02:52:36 AM  
What do you expect when one side only worries about the poor and the other the rich. And they all want the middle to foot the bill.

/game over
 
2012-06-12 02:53:51 AM  
so how do i get more farking money?
 
2012-06-12 02:55:03 AM  

Wangiss: Double the taxes! Triple the taxes! Squeeze every drop out of those insolent, musical peasants.


Whoops.

Forgot to add that I will now refer to the process of taxing the poor (while more or less ignoring the rich) as "Prince John Economics".

/yes, this includes having to get permits for things that were previously covered by taxes (like going to a national forest).
//after all, we have refrigerators
 
2012-06-12 02:55:16 AM  

Deathfrogg: MaudlinMutantMollusk: Hey Kids! Have you considered a career in the fast-paced, high-paying, always-in-demand world of engineering? You can have a degree in as little as 6 months!

/operators are standing by

I'm snickering.

25 years as a machinist, currently in school toward a degree in Manufacturing engineering, seriously considering and MFA after that. The recruiters I've talked to over the last 3 or so months are all telling me that that combination would get me 6 figures as soon as I finish school. I don't really believe it, but one can hope. There's always Australia, or Japan.

To hell with the US. It's a capitalist wet dream. A mostly politically illiterate population, coupled with a dream combination of capitalist bootlickers and millionaires sycophants and the politicians that nobody wants to put in jail because they all claim to be "christians". So when they die with the national treasuries billions in their Cayman island and Monaco bank accounts, they'll be forgiven.

It's funny, the "trickle down" fanatics are all going on about how thats the only way an economy can work and they scream "liberal!" every time you ask them when it's going to start working that way. When you start asking them why workers wages are being reduced, they call you a communist.


Dont let the door hit you on the way out.... sounds like a job just opened up in America for someone who wants to be here.
 
2012-06-12 02:56:11 AM  
P.S. The noted commie libs at the Economist:

www.presseurop.eu
 
2012-06-12 02:57:53 AM  

Spaz-master: Spaz-master: ModernLuddite: If we keep telling our children that their home is not, in fact, a home, but an INVESTMENT whose value must be protected for the day it can be cashed in, then surely they will grow up well adjusted and have loving families of their own.

THIS

Granted, both extremes are pretty farking stupid


Why cant you just explain to your kids the economics of owning a home? Does that violate some sort of freaky liberal taboo about private property and why we should abolish it?

For instance if you dont intend to have children, or have a low income, you would be foolish to buy a house. You can still choose to buy one, but you will be doing it for the bragging rights.

Renting is almost always going to be cheaper in the long run for many reasons, not the least of which is that you can invest the difference between renting and buying, so that after 30 years instead of having paid 3 times what the house is worth to the bank you can have three times what you paid for it in retirement savings.

Plus if your neighborhood goes downhill because a bunch of dirty communist hippies move in next door and start leaving their stained underwear on the front steps, you can just move to a new apartment, you dont suffer the loss of value that accompanies a soft housing market.

You can rent for 12 years in a good school district then move out when your kids go off to college so you dont bear the lifelong expense of the high property taxes.

You never have to write a check for $6500 for a roof.

The benefits of renting are huge compared to the bragging rights of buying.

Now there are advantages to buying if you are a certain kind of person. For instance, a home is a tax shelter of sorts....not a great one, but you can borrow against it and have more liquidity while using the interest deduction to offset your income. If you are handy like me you can turn almost any fixer-upper home into something worth twice what you paid for it.

What you teach your kids while you live where you do doesnt have as much to do with whether you own your home or not. It should have a lot to do with not sitting on their asses waiting for the government to send them a check. And not voting to encourage people to sit around waiting for a check. And not voting for political parties that want everyone sitting on their butts waiting for a small monthly check.

But we both know you are probably voting for that because you dont want to be called a racist. Isnt that brilliant? There is barely any correlation but the Left knows that race bombing someone is so effective they try to link it to everything.

Except attending hardvard, yale, and berkely. There is no way that going to a rich predominately white liberal university with billions in endowments is racist. They are very multi-cultural, by encouraging minority students to celebrate their differences and join political groups which promote single race politics todays modern liberal universities ensure that educated minorities get the education and life opportunities they need to belong to fringe political movements and isolated social demographics. Hoo-ray multi-culturalism! If you send your rich white liberal kids to Berkely they will learn how to have friends who are minorities, how to have sex with those friends, and how to go on to a career in liberal circles without letting anyone know the people they hung out with in college graduated to hate speech and throwing molotovs at police.
 
2012-06-12 02:58:57 AM  
It's interesting to note that those who are vociferously anti-communist are doing everything they can to destroy the middle-class, which will put the US into a feudal system, which will lead to a very bloody communistic uprising when the peasant class has enough of the oppression. Russia went through that where the aristocracy were taken over by the Bolsheviks. China went through that where the local feudal lords were taken out by the communist groups led by Mao. French aristocracy also went through that, but the outcome wasn't exactly communism (since it occurred roughly soon after the creation of the US of A, the revolution in France mirrored the origins of the US, and that pre-dated communism by about 150 years).

I'm quite surprised that these 1%'ers really think they can outwit history.
 
2012-06-12 03:00:16 AM  
Yet people still seem to think electing someone who makes as much in 8 hours as they do in three months is a good idea, that they will govern in the public's best interest.
 
2012-06-12 03:03:16 AM  

I sound fat:

Dont let the door hit you on the way out.... sounds like a job just opened up in America for someone who wants to be here.


Why would anyone want to live in a Country where a tonsillectomy or an appendectomy can cost a years gross wages, and a Police officer can shoot your dog or you on a whim? Why would anyone want to live in a Country where the wealthiest citizens are allowed to gather so much wealth that they could never spend it in a million lifetimes, while the people that work for them are being told to starve and like it?

You can't throw people out of work and then accuse them of being lazy when they can't find a job. You can't price education so high where only the wealthy can afford it, and then sneer at people who aren't educated. Thats the exact reason why we kicked the British out. Twice.
 
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