How much income that requires depends on where you live. In Seattle, as of April 2023, it takes at least $82,000 a year of household income to be middle class (read story here), but Seattle is one of America’s most expensive cities. In Cleveland the threshold of middle-class is only $24,000, b[...]
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February 22nd, 2017 - 6:54 am § in America
BREAKING NEWS: HOWARD DEAN ENDORSES WHITE, MIDDLE CLASS, DEMOCRAT FROM INDIANA
“If you want to change this party, you have to have leadership that looks like the people you are going to change,” Former Democratic National Committee chairman Howard Dean endorsed South Bend, Indiana, Mayor Pete Buttigieg Wednesday as the next DNC chairman. Dean, a former Vermont governor an[...]
April 26th, 2016 - 10:40 pm § in Misc.
Tax The Middle Class
David Brewster Ross Douthat puts his finger on the critical issue in Bernie’s programs: high tax increases on the middle class. The media rarely mention this, but it is political dynamite for the delicate Democratic coalition of donor-class, social liberals, ethnics, and the middle class. Dout[...]
October 23rd, 2015 - 10:04 am § in Misc.
End of the Middle Class
Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year By Michael Snyder, End of the American Dream. We just got more evidence that the middle class in America is dying. According to brand new numbers that were just… WASHINGTONSBLOG.COM[...]
Why the rich are doing great while the middle class isn’t
“There are several reasons why the top 1% has done so much better, says Josh Bivens, EPI’s research and policy director. These include tax cuts for the rich, deregulation of Wall Street and big increases in executive compensation. At the same time, the weakening of unions and the failure[...]
January 23rd, 2015 - 11:40 am § in Misc.
Billionaire wags finger at America’s middle class “lifestyle expectations”
Billionaire Jeff Greene, who made his fortune from real estate and fraudulent mortgage securities, told a reporter at this week’s Davos, Switzerland, economic summit that “America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, b[...]
October 22nd, 2014 - 3:56 pm § in America
It’s Really Happening: America’s Middle Class Is Vanishing
America is experiencing not only income inequality, but also wealth inequality, which isn’t surprising. What’s shocking is how far it has gone. The post-World War 2 gains made by the middle class have been completely eradicated, and U.S. wealth distribution is now back at 1940s levels,[...]
Commentary by Charley: Debating middle class values for African Americans
All of the Black people with Shelby Steele’s philosophy are well off and try to make it look like they had some magic bullet that made them successful, other than a life time of apologizing for racism. Coates nailed his lame old conversation to the wall. Ta-Nehisi Coates Completely Shuts Down [...]