Showing posts with label middle class. Show all posts
Showing posts with label middle class. Show all posts

Sunday, April 06, 2014

Will the Middle Class Survive?

4 Things Politicians Will Never Understand About Poor People
Off the top of your head, how many of your friends can you think of make less than $11,000 a year? Maybe they work some mind-numbing part-time job, taking cover charges and stamping hands at a strip club. Or if you're a bit older, how many families do you know of who have one person working, bringing in less than $23,000 to support a spouse and a couple of kids? There's nothing wrong with either of those things ... but those numbers are the poverty threshold in the U.S., and in my area of the country, it encompasses a fudging poopload of people (sorry, I'm trying to cut down on my cursing).
Poverty is a hot topic for politicians, but it seems like every time they open their mouths about the subject, stupid falls out. There's a huge part of me that wants to grab them by their orphan skin lapels and scream reason into their preciously oblivious brains, but the logical side of me knows it won't matter.
[...]
But of all the poor people I've known over the years -- and I have known a lot -- I have come across very few able-bodied, able-minded people who didn't do something to bring in some money. Even the ones who didn't have so much as a part-time job still managed to at least find temporary seasonal work mowing lawns, shoveling snow, or standing on street corners and playing the guitar with their penis.
So if the issue is that these people are watching reruns and collecting government checks, guess what: 91 percent of government benefits go to the disabled, elderly, or working households. Not a typo -- 91 percent. You're free to speculate that some of those people could try harder or are faking their disability or whatever, but there's no way the reality lines up with this politician fantasy of the lazy masses who just greedily rub their hands together while leeching their unfathomable riches from the always generous American populace.

[...] 
OK, let's be calm here. Let's just take a deep breath and talk about this like the rational, well mannered, non-cursing people that we are. Here is an infographic that ran in the Wall Street Journal talking about how the new tax code would be "highly painful" for Americans. The graphic covers every possible scenario the Wall Street Journal can conceive of, from the single mom only making $260,000 a year to the retired couple trying to get by on a fixed income of $180,000:
Reading that dumb fucking mind turd of an image is like wiping my ass with my eyes. If you can look at that steaming pile of shit and not see what's wrong with it, you live in a different goddamn universe than the rest of us.
No, that didn't come from a politician, but this sure as hell does. That's Linda Sanchez, who is desperately trying to tug at our heartstrings by saying that she lives paycheck to paycheck. On her $174,000 salary. To pay for her multiple homes. Now, I understand that if you live a certain lifestyle and you're a limp dick at finances, it would be pretty easy to burn through that much in a year, but does that make us any more sympathetic? Fuck no, it doesn't. Even as one of the least wealthy members of Congress, she still earns three-and-a-half times more money than the average American household. And 16 times more than those at the very top of the poverty line.
So the question is, how can she possibly think of herself as poor? Because $174,000 a year is poor -- for a member of congress. They have no concept whatsoever of what life is like for someone getting by on what most working people make, let alone somebody subsisting on government aid. Although they can comprehend our income as a number, they cannot comprehend the lifestyle because they haven't lived it and they likely never will. You're not going to find these politicians hanging out in the poor section of town, scrounging change for weed (well, maybe Bill Clinton) -- they spend most of their time around other wealthy people -- other members of Congress (about half of which are millionaires), rich donors, high-powered business types, celebrities, etc. So their idea of "poor" or even "brokeass" is the pitiful bastard at the bottom of the chain who is living off of that measly $174,000 base salary because he or she doesn't have any other income on the side. Linda Sanchez is their version of poverty. [...]
My own income has always been a lot closer to $11,000 than those figures in the Wall St. Journal Info Graphic. And yes I get it, that a lot of people aren't sympathetic to people who make six figure salaries, complaining about taxes.

Yet that graphic was from an article in the Wall Street Journal last year. This year, 2014, many of those groups are getting slammed even harder with more taxes.

People in those income brackets used to put away money for their children's college education, buying a home, buying their own health insurance, saving money in 401k accounts for their retirement, invest in their own businesses in order to supply themselves with jobs and an income. They would use the money to become independent, and maintain their independence, by not having to borrow excessively, or rely on others to supply their needs for them.

That used to be considered a good thing, and why it used to be said that the middle class was the "backbone of America". They knew how to take care of themselves, and not be a burden to other people. The more of their money that is taken in taxes, the less they will have to do that with. Or to invest in their own businesses.

I can sympathize with people who struggle with only $11,000 a year. I've been there, and I'm not far from it now. But destroying the middle class isn't going to help the most people in the long run. A tide that lifts all boats, would be preferable to sinking the most productive boats.

A congress that is more interested in lifting all boats, instead of just looking out for it's own interests, might be a good step in the right direction. They could start by actually passing a budget, and living within it, like the majority of the people in this country have to do.
   

Friday, December 03, 2010

Renewal of Tax Cuts: What's at stake

How Congress' tax-cut decision may affect economy
On this, economists agree: Extending tax cuts passed under President George W. Bush for low- and middle-income people would strengthen the weak economy.

The question is what to do about the highest-paid 3 percent of taxpayers. Should Congress let their tax cuts expire at year's end as scheduled? Extend them for only a while? Or make them permanent?

It isn't just a debate over how much money high-income Americans should get to keep. It's about how much their tax cuts might aid the economy. And how much they'll affect the budget deficit years from now.

But first, consider what would happen next year if Congress let the tax cuts for everyone expire as scheduled. According to Moody's Analytics, the deficit would drop to $732 billion. That's well below the $1.3 trillion deficit for the budget year that ended Sept. 30.

At the same time, the economy would suffer, Moody's says: Growth would tail off to just 0.9 percent next year. That's scarcely more than a recessionary pace. And unemployment would average 10.7 percent next year.

That's because higher taxes would leave people with less money to spend. Businesses would be less inclined to hire. Economic growth would slide. Yet if Democrats and Republicans can't reach a deal during the post-election lame-duck session that began this month, taxes will rise across the board in January.

Republicans triumphant in the midterm elections insist that everyone, regardless of income, should continue to enjoy the tax cuts approved during George W. Bush's presidency. [...]

It goes on to give three options that could play out, and their probable consequences. It's a short but informative article, well worth the read.

Then there's this:

Thus Does the Economy Grow
[...] Here, then, are ten practical tips for elected Republican officials, who are torn between trying to govern as a majority party and trying to oppose President Obama’s agenda as a minority party.

[...]

Six. Don’t delink income-tax rates. The strategy we developed in 2001 and 2003 worked. Forced by reconciliation rules to sunset the tax cuts, we set them all to expire on the same day. President Bush reframed the top income-tax rates as small-business tax rates. This argument won the day in 2003 and 2010 and will win again as long as the expiration dates remain synchronized. Don’t fall for the trap of temporarily extending the top rates and permanently extending the others. This would guarantee future increases in the top rates.

Seven. Offer to help the president expand free trade and open investment. Rebuild the center-right free-trade coalition. The president will need to deliver a few Democrats to offset the protectionist Republicans (darn them). You can fight economic isolationism, raise American standards of living, help American allies in Latin America and Asia, cooperate with the president, and split congressional Democrats. That’s a five-part win.

[...]

Read all ten, they're good.
     

Thursday, May 06, 2010

Who are the "real" Tea Party people?

Politicians such as Palin aren't the real Tea Party
[...] Neither Democrats nor Republicans fully understand the Tea Party's inner workings or how to manipulate or co-opt it -- and they won't be able to. The modern-day Tea Party movement is managed by political newcomers whose primary motivation is love of country and a desire for a better future for their children.

Like anything else that grows into a national phenomenon, the Tea Party has seen some enter the scene with ulterior motives. Generally, the motives center around money. Some have slapped the Tea Party name on their tired political action committees. Others are organizations with political interests and agendas, but foremost are the money-gathering operations.

Others are big-name politicians or media personalities such as Sarah Palin, who charge up to $100,000 a speech before packing up and taking their show to another city. They leave little lasting substance, and their words are quickly forgotten.

[...]

I regard the "pure in heart" Tea Party leaders as the real center and strength of the movement. These are the people who work full-time jobs, have family responsibilities and make time to manage and grow their own group.

[...]

The goal is to get middle-class taxpayers engaged in local politics and into the primary and general election voting booths as never before. Each of these neighborhood coordinators and the people they lead are volunteers.

The time they devote to the Tea Party movement comes at the expense of something else in their busy lives. These people don't get huge speaking fees. They don't appear on national news shows. They don't sell books or merchandise. They do what they do because of their devotion to Tea Party principles. These people are the true heroes of the Tea Party movement.

The Tea Party will continue to grow in numbers and power as our leaders in Washington continue to govern irresponsibly. There will be many who try to take ownership of the movement. Certainly, the mainstream media would like nothing more than a single target to attack.

Yet, the Tea Party will succeed. If one leader in a sea of thousands falls, another will replace him or her just as a starfish grows another arm if one is cut off. The Tea Party movement is not about individuals but ideals. [...]

Yes, but politics is the art of compromise. We need ideals for sure, as standards to inspire us. But the world is not, and never will be, an ideal place. Government and politicians are both necessary evils.

You can be 100% right about something, but if you can't win elections and promote your ideas, you can't make any difference, not even incrementally. And if you can't make a difference, why even bother? There comes a point where emphasizing wedge issues is just nonproductive.


Also see:

It's the economy Barbara Boxer,stupid!

More on the California bitch fight