Is it just me or does it seem like the Middle Class is Dying?

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b0mbrman

Lifer
Jun 1, 2001
29,470
1
81
Originally posted by: Red Dawn
I'm not envious of those who are Super Rich who earned it. On the other hand, if and when some stalker takes out Paris Hilton I won't shed a tear.

Meh...her parents worked hard so that she wouldn't have to worry about it.

I wouldn't mind growing up with her money, but I certainly am not mad at her for being born into it.
 

b0mbrman

Lifer
Jun 1, 2001
29,470
1
81
Originally posted by: PaperclipGod
Originally posted by: IcebergSlim
we live in one of the most free and capitalistic societies on the planet.

You are only where you are in life because of the decisions you made leading up to this point. If you want to change your future you must start acting now.

Technically china is more capitalistic than we are... no unions or labor laws. :D


Heh heh...Got a giggle out of me...
 

Excelsior

Lifer
May 30, 2002
19,047
18
81
Originally posted by: ivol07


Anyway, I kind of agree with the OP. Just because it sucks that I make over 100k a year and still can't afford to buy a decent house in CA. Damn you California *pumps fist in the air*

But thats what you deal with for living in CA. You have three options...get a better paying job, live in a ****** house/apartment, or move.

 

MasterOfKtulu109

Senior member
May 16, 2006
205
0
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Go read the new Rolling Stone. Kinda scary what Bush is doing. Of course people argue that the economy is doing well under Bush, but of course it is when all the people making a ton of money are getting tax breaks and getting paid more.


Some stuff from the article:

A third of all the money from tax cuts is going to people who make 500k+.

Middle class families' tax cut was a few hundred dollars, but if you make over 500k, the tax cut was $44,000.

In 1970, GM was the largest corp. and the average salary was 8,000 (with inflation, that is equal to about 45,000 now). Wal-Mart is the largest corp. now and the average wal-mart employee makes 18,000.
 

Linflas

Lifer
Jan 30, 2001
15,395
78
91
Originally posted by: b0mbrman
Originally posted by: Red Dawn
I'm not envious of those who are Super Rich who earned it. On the other hand, if and when some stalker takes out Paris Hilton I won't shed a tear.

Meh...her parents worked hard so that she wouldn't have to worry about it.

I wouldn't mind growing up with her money, but I certainly am not mad at her for being born into it.

Typically a couple generations of that nonsense and the fortune is gone. Just ask the Vanderbilts.
 

ivol07

Golden Member
Jun 25, 2002
1,475
0
0
Originally posted by: Excelsior
Originally posted by: ivol07


Anyway, I kind of agree with the OP. Just because it sucks that I make over 100k a year and still can't afford to buy a decent house in CA. Damn you California *pumps fist in the air*

But thats what you deal with for living in CA. You have three options...get a better paying job, live in a ****** house/apartment, or move.

Yup, I agree. It's a choice I make to continue living here and I accept it. Apartment living isn't so bad. But that doesn't mean that I can't still hate the Super Rich. They think they're so much better than me with their complicated shoes.
 

ITJunkie

Platinum Member
Apr 17, 2003
2,512
0
76
www.techange.com
Originally posted by: slsmnaz
If it makes you feel better that bonus was only about $32mil after taxes.

Why does someone else making money offend you? Those CEO's are doing exactly what they are paid to do, make money for their shareholders.

There...fixed for ya.
 

KillerCharlie

Diamond Member
Aug 21, 2005
3,691
68
91
I know there are tons of articles about research out there that agree with your assertion. The gap between the rich and poor is growing and the middle class fading between the two.
 

Gulzakar

Diamond Member
Oct 9, 1999
3,074
0
0
I swear, most of you on this board play the devils advocate...In fact, most of you are douche bags.

He's angry about the salary of CEO's and the shrinking middle class. Most of you tell him "stop whining, blah blah blah"...most likely because nobody cares what you say in real life. Honestly, give him a break, he's angry because he works hard and gets paid squat.

Let's say he does have a roof over his head and food in his belly, is it not ok for him to want more? I swear, most of you are pricks.

Bottom line,

Why does somebody deserve a 50 million dollar bonus? If what most of you are saying is true, then the receiver of this should be happy with a tiny fraction of it because he has a roof over his head.

 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
126
Originally posted by: Gulzakar


Why does somebody deserve a 50 million dollar bonus? If what most of you are saying is true, then the receiver of this should be happy with a tiny fraction of it because he has a roof over his head.

Bottom line:

Because the company and the shareholders decided he deserved it.
 

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Originally posted by: Gulzakar
I swear, most of you on this board play the devils advocate...In fact, most of you are douche bags.

He's angry about the salary of CEO's and the shrinking middle class. Most of you tell him "stop whining, blah blah blah"...most likely because nobody cares what you say in real life. Honestly, give him a break, he's angry because he works hard and gets paid squat.

Let's say he does have a roof over his head and food in his belly, is it not ok for him to want more? I swear, most of you are pricks.

Bottom line,

Why does somebody deserve a 50 million dollar bonus? If what most of you are saying is true, then the receiver of this should be happy with a tiny fraction of it because he has a roof over his head.

No. It's not devils advocate. It's called "you have nobody to blame but yourself".

Sure it's OK to want more. But I'm pretty sure the OP is not furthering himself and his opportunities because if he did he wouldn't be whining. It's like complaining you are stuck in a room and watching the other kids play but yet you won't open the window to go join them.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
126
Originally posted by: MasterOfKtulu109
Go read the new Rolling Stone. Kinda scary what Bush is doing. Of course people argue that the economy is doing well under Bush, but of course it is when all the people making a ton of money are getting tax breaks and getting paid more.


Some stuff from the article:

A third of all the money from tax cuts is going to people who make 500k+.

Middle class families' tax cut was a few hundred dollars, but if you make over 500k, the tax cut was $44,000.

Well, its really quite simple. Lets say we give a 10% tax cut across the board. The rich would obviously keep a lot more money then any other class. Why you ask?. BECAUSE THEY PAY MORE. The majority of the lower and middle-middle class pay a few grand of federal income taxes a year. The vast majority of poor and lower class pay virtually ZERO tax dollars and a lot of them actually get MORE back than they put in. I can prove all of this with the IRS?s own stats. That $44,000 in taxes you quote the rich got to keep is more federal income tax dollars than most people pay in a decade.

Here is a question, what is the max percentage of money that you think the government should be able to take from a persons income? Or do some of you, like the OP, think the rich should simply be taxed until their income equals their own.
 

theeedude

Lifer
Feb 5, 2006
35,787
6,197
126
Someone is going to have to pay for all the debts we are racking up. And let's face it, it's going to be the rich. It's not like the middle class or the poor can afford to pay more. Right now we are getting a reprieve because the Chinese, Japanese, etc are offering to pay for everything by lending us money. But when that ends and we have to pay our own way, it doesn't take a political genius to figure out where the burden will fall.
 

Raduque

Lifer
Aug 22, 2004
13,140
138
106
Originally posted by: Darwin333

Here is a question, what is the max percentage of money that you think the government should be able to take from a persons income?

Sliding scale, perhaps? The more you make, the more you're taxed, under a certain amount (arbitrarily say, $20,000 a year), no taxes taken out.
 

PaperclipGod

Banned
Apr 7, 2003
2,021
0
0
Originally posted by: Darwin333
Originally posted by: Gulzakar


Why does somebody deserve a 50 million dollar bonus? If what most of you are saying is true, then the receiver of this should be happy with a tiny fraction of it because he has a roof over his head.

Bottom line:

Because the company and the shareholders decided he deserved it.

QFT
 

Special K

Diamond Member
Jun 18, 2000
7,098
0
76
I won't fault someone for earning a large sum of money through hard work, but I will still express anger at the fact that very very few people will ever see a multi-million dollar bonus no matter what they do.

For every Bill Gates, Michael Dell, etc.. making millions, there are probably a million others who have tried as hard as they could at numerous businesses and never had one become so successful. Likewise, for every appointed CEO there are a ton of upper level executives who will never make it to that spot no matter how hard they work at it.

Everyone may have the same opportunity, but everyone definitely does not have the same natural ability. If you are a religious person you could place the blame on your deity of choice for not giving you better abilities as a businessman or whatever. Otherwise I guess it just comes down to the old phrase "life isn't fair."

Working hard will only take you to the best of your own ability, not to the best of anyone's (unless of course, you actually have it in you to become the best of anyone).
 

PaperclipGod

Banned
Apr 7, 2003
2,021
0
0
Originally posted by: Special K
I won't fault someone for earning a large sum of money through hard work, but I will still express anger at the fact that very very few people will ever see a multi-million dollar bonus no matter what they do.

For every Bill Gates, Michael Dell, etc.. making millions, there are probably a million others who have tried as hard as they could at numerous businesses and never had one become so successful. Likewise, for every appointed CEO there are a ton of upper level executives who will never make it to that spot no matter how hard they work at it.

Everyone may have the same opportunity, but everyone definitely does not have the same natural ability. If you are a religious person you could place the blame on your deity of choice for not giving you better abilities as a businessman or whatever. Otherwise I guess it just comes down to the old phrase "life isn't fair."

Working hard will only take you to the best of your own ability, not to the best of anyone's (unless of course, you actually have it in you to become the best of anyone).

There's no alternative, though.

People need some goal to work towards. If there were no big-money paychecks, and everyone was paid roughly the same, then what would be the motivation to work your ass of to try and get to the top?

I think capitalism has proven itself a pretty good wealth-creator over the past hundred years. At least, way better than any alternative. I mean, today our definition of "poor" is someone who can't afford cable and has trouble making car payments. 100 years ago "poor" was someone who lived in a shack, grew their own food, and shat in an outhouse.

Id say we're doing pretty well.
 

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Originally posted by: Raduque
Originally posted by: Darwin333

Here is a question, what is the max percentage of money that you think the government should be able to take from a persons income?

Sliding scale, perhaps? The more you make, the more you're taxed, under a certain amount (arbitrarily say, $20,000 a year), no taxes taken out.

LOL. You mean exactly like the one we have already in place?
;)
 

Dumac

Diamond Member
Dec 31, 2005
9,391
1
0
What amazes me is that people seem to think that when people become extraordinarily successful, by creating businesses and whatnot, that they are somehow 'stealing' money from other classes. It is not as if there is a big money pie, and the bigger peice someone gets forces your peice to be smaller. Each wage is independant.

It is a good thing, in my opinion, that these 'big businesses' exist.

The super rich have existed since currency was form, and they shall continue to exist. :p
 

PaperclipGod

Banned
Apr 7, 2003
2,021
0
0
Originally posted by: Turin39789
Originally posted by: PaperclipGod
100 years ago "poor" was someone who lived in a shack, grew their own food, and shat in an outhouse.

No, that's still around today.

Not in this country, unless theyre choosing to live that way.
 

Svnla

Lifer
Nov 10, 2003
17,986
1,388
126
Very simple, do something about it instead of whinning.

For example, don't like the direction of the country is going/taxes/policies, issues, problems, etc. then STUDY the issues/candidates and VOTE the rascals out. But we repeatly vote the same crooks over and over.....see Nagin <N.O. major> and Jefferson <US Rep> just to name a few.

We live in a CAPITALISM society, as long as the CEOs are not doing anything illegal such as Enron, then I don't have any problem with their salaries/bonuses <of course, I am envy>.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
126
Originally posted by: Raduque
Originally posted by: Darwin333

Here is a question, what is the max percentage of money that you think the government should be able to take from a persons income?

Sliding scale, perhaps? The more you make, the more you're taxed, under a certain amount (arbitrarily say, $20,000 a year), no taxes taken out.

We currently have a progressive tax system but that wasn't my question. What is the maximum percentage you feel the government should be able to tax ones income. Is it 50%? 60%? 99%?