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originally posted by: Willtell
Another myth they use to keep us confused and down are the false class structure they inculcate on the people in order to give them a false sense of success.
The middle class is NOT 70 80 or even 90 or 100 thousand dollars a year, it’s much higher.
In reality, this is the class structure
Lower class= 30 grand and under a year
The lower middle class is 30, 40 grand to 250 grand a year
The middle class is 250 all the way up to 450 grand a year
If people knew they were actually on the most part a member of the lower classes, which most Americans are, they would realize how vulnerable they are because the elite rich has bamboozled the entire country.
originally posted by: Willtell
This country has been gutted by the rich man revolution started by Reagan when he massively cut taxes on the rich. The Trump bumbler and incompetent made it worse by massively cutting corporate taxes and soon the economy will crack.
The US economy when taxes on the rich were 70 percent and up grew unlike any time in history. There were unions to lift wages and now all there is is slavery and serfdom where people have to work three jobs to survive and 16 hours a day. Do you call that progress? We're going backward.
originally posted by: Edumakated
originally posted by: Willtell
This country has been gutted by the rich man revolution started by Reagan when he massively cut taxes on the rich. The Trump bumbler and incompetent made it worse by massively cutting corporate taxes and soon the economy will crack.
The US economy when taxes on the rich were 70 percent and up grew unlike any time in history. There were unions to lift wages and now all there is is slavery and serfdom where people have to work three jobs to survive and 16 hours a day. Do you call that progress? We're going backward.
The taxes weren't why the economy was booming. Very few people paid those rates. The economy was booming because the US was really the only industrialized economy after WWII standing. There was no competition. We didn't have hoardes of illegals crossing the border depressing wages. Women generally weren't in the work force depressing wages so even lower and middle class jobs could support a family. Feminism increased the labor supply and it caused wage deflation. Finally, most companies weren't really global at the time. However, as they expanded, they also found cheaper sources of labor.
People don't want to hear that. There was No Japan, China, Europe or UK as Global competition in trade following WWII.The Marshall plan and the rebuilding of Japan were a boon to American Companies.
originally posted by: Willtell
Though, the scuttlebutt was Booker was never actually seen in the neighborhood.
Booker put bike lanes in Newark. Nobody in Newark uses bike lanes...
• it puts the full-year deficit on a path from $779 billion in fiscal 2018 to $1 trillion in fiscal 2019 • And this is when the economy grew at a 3.5% annual rate in the September quarter The U.S. Treasury reported that October’s deficit was $100 billion, an increase of $37 billion or 58% from a year ago. While one month may not be a trend, it puts the full-year deficit on a path from $779 billion in fiscal 2018 to $1 trillion in fiscal 2019 . And this is when the economy grew at a 3.5% annual rate in the September quarter
America’s budget deficit ballooned to $779 billion in 2018, the federal government said on Monday, as higher spending and stagnating tax revenue pushed the nation’s debt burden higher.
The approximately 17 percent jump in the federal deficit came despite strong growth in the overall U.S. economy, an unusual instance in which the economy and the deficit are expanding at the same time. Typically, strong economic growth translates into lower deficits as the government collects more from taxpayers.
“What’s going on is revenues are not rising when they otherwise would be,” said Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget. “The economy is growing by 5 to 6 percent, and revenue is basically flat.”
Business tax revenue was depressed in part because the Republican tax law passed in the fall of 2017 reduced the corporate tax rate from 35 percent to 21 percent, among other changes.
www.washingtonpost.com...
originally posted by: Willtell
This is the problem of this country the economic scam the rich are running. All this Kumbaya nonsense Booker runs is nonsense.
We need a massive change agent like a Bernie Sanders or Elizabeth Warren who understands the problem I make in this thread.
When are the American people going to wake up?
originally posted by: AugustusMasonicus
originally posted by: Willtell
Though, the scuttlebutt was Booker was never actually seen in the neighborhood.
I mentioned in another thread that I know some of the cops on his detail, if what they know comes out it will get interesting.
Booker put bike lanes in Newark. Nobody in Newark uses bike lanes...
I do, it gives me a clear path to run down the carjacker.
originally posted by: AugustusMasonicus
originally posted by: Willtell
Though, the scuttlebutt was Booker was never actually seen in the neighborhood.
I mentioned in another thread that I know some of the cops on his detail, if what they know comes out it will get interesting.
Booker put bike lanes in Newark. Nobody in Newark uses bike lanes...
I do, it gives me a clear path to run down the carjacker.
originally posted by: Willtell
a reply to: ManBehindTheMask
Elizabeth Warren just wants to get the rich to pay their fair share and the banks to be controlled so we don’t get 2008 again
You’re brainwashed so thoroughly you don’t know what way is up
originally posted by: Willtell
a reply to: ManBehindTheMask
Elizabeth Warren just wants to get the rich to pay their fair share and the banks to be controlled so we don’t get 2008 again
You’re brainwashed so thoroughly you don’t know what way is up
originally posted by: AugustusMasonicus
originally posted by: Trueman
But you are in West Orange, No Booker there.
They're members with me at the same cigar shop.