NOPE, BUT IT WOULD EMPOWER THE POLITICAL CLASS, WHICH IS ITS REAL PURPOSE. Piketty’s Tax Hikes Won’t Help the Middle Class. I am not disputing that something unhappy is going on in the global economy. Nor am I disputing that this unhappiness is unequally distributed. But the proportion of this unhappiness due to income inequality [...]
The numbers, based on surveys conducted over the past 35 years, offer some of the most detailed publicly available comparisons for different income groups in different countries over time. They suggest that most American families are paying a steep price for high and rising income inequality. Show More Summary
Confirming what a lot of us have been saying for at least a couple of decades, see The American Middle Class Is No Longer the World’s Richest. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced […]
(TPM): "Sotomayor attacks John Roberts' views on race as 'out of touch with reality'" (New York Times): "The American middle class is no longer the world’s richest" (ABC News): "Rick Perry wants New York jobs — and debate with Andrew...Show More Summary
Someone in DC finally stated the obvious. "Washington is not working for hardworking Middle Class families." ~ Senator Elizabeth Warren. It's significant that Warren, a Democrat, did not say, "Republicans are not working for...". Her statement was totally nonpartisan. Show More Summary
In light of a report that found that America's middle class is no longer the world's richest, Sen. Jeff Sessions (R-AL), who has been a relentless champion for the American worker in the immigration debate, blasted President Barack Obama...Show More Summary
Sorry, middle-class residents of the US. Your long reign as the richest middle class in the world has come to an end, reports the New York Times. Canada, which caught up to America in 2010 with a median after-tax income of $75,000 for a family of four, is the...
New York Times: The American Middle Class Is No Longer the World’s Richest, by David Leonhardt & Kevin Quealy: The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis...
The United States used to have the wealthiest middle class in the world. But the New York Times’ new data journalism site The Upshot says that’s no longer true: While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens […]
Mercenary Links April 22nd: Goodbye middle class... Iraq oil output exceeds Hussein era... Ackman's big bet... how the internet is killing religion, why the post office is buying bullets, and more.
April 22, 2014
The New York Times editorial board finally gets it right about trade in its Sunday editorial, "This Time, Get Global Trade Right." Some excerpts: Many Americans have watched their neighbors lose good-paying jobs as their employers sent their livelihoods to China. Show More Summary
Barack Obama promised to remake America in his 2009 Inaugural speech. And, he has. America is now poorer, less respected and $17 trillion dollars in debt. And the US middle class is no longer the most affluent in the world. … Continue reading ?
The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.
For the first time in decades, middle-income Americans are no longer the richest middle class in the world, while the country’s poor are significantly worse off than their counterparts in Europe and Canada
America's coldest neighbors now have the highest-earning middle class in the world. They have their homes to thank for it. For now.
HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): The American Middle Class Is No Longer The World’s Richest. It’s as if it’s been targeted by a coalition of the richest and the poorest.
Transportation options are key factors in enhancing economic growth and quality of life. Still, too many transportation initiatives focus on cars and highways, thus favoring the rich and the middle class. But there are ways to provide...Show More Summary
The slipping economic advantages of the American middle class.