Middle Class used to represent the people between the peasants and the Nobility. Considering the fact that even watchmakers, gilders, coach makers,
and cooks of all levels were sold like slaves as part of the peasantry, then you would be looking for something beyond these occupations to figure out
what the middle class was. Doctors used to perform no surgery - surgeons used to be the local butcher, while doctors gave directions and went to
college in their teens. Telling a bunch of poor people they are middle class doesn't make it so, and asking the poor if they belong to the coveted
middle class is likewise an act of vanity. Allowing the poor to redefine middle class so that they fit into it makes even less sense.
Now looking at Romney's assessment. Counting in the upcoming inflation of QE Infinity? He is probably correct. 4 Bedroom Houses in Massachusetts don't
go for $100,000, more like $400,000-800,000. There are new income brackets to consider as well. You have semi-homeless people making a welfare salary
of around $4000. You have minimum wage workers earning $18,000 annual in some places. Firefighters and forest technicians making $30-50k, police
making $30-60k, analysts, attorneys, and statisticians making $115,000-$155,000, and medical officers (OB/GYN) making $180,000-$220,000. Many
different types of specialist physicians are making $265,000-$385,000.
Wallstreet brokers clear $250,000 regularly. Yet look at the net worth changes over the years. We have people worth:
and a few worth $100,000,000,000 or more. Most of you are familiar with the reports and rumors of the Schiffs, Morgans, Rothschilds, and so forth, who
are said to exceed even these figures. Asset managers can command trillions in the name of other Dynasties. In 2011, WSJ reported there were 3,100,000
millionaires in the United States alone during 2010, and a TIME (Moneyland) 2012 report claimed while the number of millionaires in the United States
was declining, globally, that number was actually growing. Ironically, TIME reported 5,100,000 millionaires in the United States, a discrepancy of 2
The idea that $200,000 is middle class is normalizing, but the idea that everyone can attain "middle class", or that the jobs and lifestyle they have
currently makes them "middle class", and they are supposed to be earning that much money - that itself is somewhat sickening.
Considering the Average national mortgage payment is around $1700/month, the average car payment is $460/month per car (assume 2), the average health
insurance payment is $183/month (assume 4), the average private student loan payment for a dream school is about $800/month (assume 2, parents, kids,
or a combo), and the average grocery bill for a family of four at Whole Foods is $1074/month. Total this all up and you get:
$6026/month, not counting gas, electricity, heating, internet, car insurance, movies, vacations, speeding tickets, membership at athletic and
fraternal organizations, religious or charity donations, or taxes.
Comes to an income of $72,312 annually. The other functions could be handled by a spouse earning a matching salary, putting the total at $144,624
annually for the combined household income. The joint filing of a couple, or as head of household sets the tax rate at 28%. Which means if $144,624 is
what you take home after losing 28% (to make it over simplified), you are representing 72% of X. X is $200,866.66.
Mitt Romney is a Mormon. In Mormon households, it is traditional for the man to work as the Bread Winner, while the woman takes care of the ever
growing number of children. Therefore Mitt Romney would be assuming the role of a middle class male is to earn enough to fulfill both incomes. Mormons
tend to have a high number of Doctors and Lawyers as heads of household compared with other religious family units.
edit on 15-9-2012 by skynet2015 because: bread winner philosophy
edit on 15-9-2012 by skynet2015 because: missing