manic expression
19th November 2006, 22:15
Originally posted by Capitalist
[email protected] 19, 2006 09:37 pm
Please back that up.
Be glad to.
Finally, despite wage and income stagnation at the macro level, people continue to move up out of the working class into the middle and upper classes. According to the Census Bureau, the percentage of all households with an income below $25,000 per year (in 2005 dollars) fell to 27.1 percent last year, from 27.6 percent in 2004. In 1995, 28.9 percent fell into this income class. In 1985, the percentage was 30.5 percent. In 1975m it was 33.1 percent.
At the same time, the percentage of households that are considered well-to-do -- those with an income above $75,000 (in 2005 dollars) -- rose to 28.3 percent last year, from 27.9 percent in 2004. In 1995, only 24.4 percent of households had that much income, up from 20.2 percent in 1985 and 14 percent in 1975.
In short, despite all the talk about the rich getting richer at the expense of the poor, the fact is that the percentage of households with low incomes has fallen and the percentage of those with high incomes has risen.
The reality is quite different.
"Despite a growing economy, a rising stock market and stronger corporate earnings that are helping the rich get richer, the middle class in America is caught in an unprecedented squeeze that makes it increasingly unstable, the study's authors say. The financial declines each year since 2001 have been dramatic..."
http://articles.moneycentral.msn.com/Savin...gOnTheEdge.aspx (http://articles.moneycentral.msn.com/SavingandDebt/SaveMoney/MiddleClassLivingOnTheEdge.aspx)
"Two researchers have found that millions of middle-income families are in deep financial trouble or only breaking even.
http://www.washingtonpost.com/ac2/wp-dyn/A...anguage=printer (http://www.washingtonpost.com/ac2/wp-dyn/A311-2004Jan31?language=printer)
"The number of Americans living in poverty jumped to 35.9 million last year, up by 1.3 million, while the number of those without health care insurance rose to 45 million from 43.6 million in 2002, the U.S. government said in a report Thursday."
http://money.cnn.com/2004/08/26/news/economy/poverty_survey/
"The number of people classed as poor in the US has increased - despite strong economic growth, say official figures."
http://news.bbc.co.uk/2/hi/business/4198668.stm
Oh really? What was inaccurate about it?
You guys continue to paint the USA and other similar countries as these "despotic hell holes" that treat people like utter shit.
It's simply not true!
We send more people to high school and college more so than any other nation. There's food and jobs everywhere. There's assistance if you need it and we bend over backwards for women and minorities in areas of work and education.
Countries like ours know how to treat people.
The fact is that the US invades other countries for absolutely no reason (other than to exploit natural resources), topples TRULY democratic governments for economic self-interest, suppresses dissent at every turn, lets the rich get richer while poverty spreads, subjects people to a ridiculous "justice" system and a pathetic healthcare system and worse. The fact is that the US is an oligarchy, which protects the interests of the few at the expense of the many. People work long hours for next to nothing (if not nothing), while their employers make billions off of their sweat and blood. Single mothers can't afford heat or water, or get thrown out of their homes in spite of that second or third job they took.
Education? Give me a break. Our education system is among the worst in the western world, our high schools are terrible and most colleges cost a fortune. I've worked in aid programs in the inner city, and a big problem there is people FREEZING to death in their homes. Where's their "assistance"? Oh, and those "women" get far worse wages than men do for the same jobs with the same experience, while those "minorities" are routinely screwed over in a multitude of ways.
Countries "like ours" are rife with unending injustice.