Info for the MIDDLE CLASS......
Posted in the Homer Glen Forum
#1 Jul 18, 2012
The Wealthy hoard money, while holding the middle class hostage
The heirs of the Wal Mart fortune - the Walton family - have gotten a lot wealthier since the Bush recession began in 2007, while the rest of us have gotten a lot poorer. According to data from the Federal Reserve, median family wealth in America dropped by nearly 40% between 2007 and 2010. But, during that same, the wealth of the Walton family increased 22% to nearly $90 billion.
So now, the six Walton heirs have more wealth than 48 million American families - or more than 41% of all American families - COMBINED. And yet, despite the incredible wealth disparity - Republicans in Congress are pushing for even more tax breaks for the Wal Mart heirs - and other millionaires and billionaires who fund Republican candidates.
This is a make-or-break moment for the American middle class, as Democrats try to extend tax cuts for working Americans, while cutting them off for the Walton heirs. We'll see if Republicans go along with this common sense solution, or if they hold the middle class hostage so that their billionaire buddies can hoard even more wealth.
#2 Jul 18, 2012
It is another liberal Dem! Are you on welfare?
#3 Jul 18, 2012
Wrong again, ASSHAT.
So, according to your brainless sheep-like self, anyone that is NOT a republicon must be on welfare?? Are you serious?? You really should go lie down before you hurt yourself.
People with closed minds should come with closed mouths.
#4 Jul 18, 2012
Thanks, Dem!!!!!!!!!! You are the brainless one! You must be one of those believers in taking what you can get from the government. Goodnight, ASSHAT! I work for a living!
#5 Jul 18, 2012
The reason everyone is making the Waltons rich is because they offer the middle class superb prices. That is why they are rich. The rich should not be penalized for being successful. That is what the world is all about. You are sooooooooooooooooo stupid! Work and get rich and you won't have to worry anymore! Make or break moments....no, it is political deceit. You sound so jealous....you must be jumping up and down for a tax cut for yourself. Work! Work!
#6 Jul 18, 2012
This does not belong on the Lockport forum! It is a deflector again.
#7 Jul 21, 2012
Looks like the original poster on this thread paid attention to liberal talking points.
First let's look at some of the reasons why personal wealth of the middle class had declined.
energy prices have seen large increases,
gasoline prices have not just seen spikes in the price but have remained at historic high prices.
in addition to the price of oil look at the extra taxes on gasoline in cook county and surrounding counties. property taxes have been on the rise and the trend is for them to keep risings as Government does not cut spending but keeps spending more and more.
Next we have the housing market, plenty of blame to go around here but a root cause was more Government rules that bank had to provide mortgages to people that had poor credit and would not likely to make the house payments. before the housing "bubble" burst house prices were rapidly increasing because of a large demand. now the demand is low and there is a large supply of houses on the market, prices dropped as the prices dropped so did the wealth of the middle class home owners. High unemployment due to the poor handling of the economy by our Government doesn't help either. Or ever increasing entitlement programs provided by the Government.
When the "Rich get Richer" where is that money?
sorry it's not stuffed in mattresses or a secret vault like Scrooge McDuck. it's mostly invested.
these investments provide capital for companies to expand or buy new equipment ( and create jobs )
or maybe municipal bonds that are used to build bridges, schools and fire stations.
Government is the problem not "the Rich"
I for one will not drink the Marxist Kool-Aid and give into class warfare.
The Election in November will be the most important election in choosing the direction of our Nation. BE THERE! VOTE!
#8 Jul 21, 2012
ROFLMAO! What a mindless boob you are! You probably don't have a pot-to-piss-in and will probaby die that way. All the while mindlessly defending economic policy that drives you further into the white trash you are. Keep up the good work sheep. Bahhhh bahhh bahhh!
#9 Jul 21, 2012
Please explain how "taxing the rich" to pay for entitlement programs builds the economy.
How does a "over tax and over spend" Government build a robust economy?
Or will you just resort to more name calling?
#10 Jul 21, 2012
That is insane! The republicans get my vote! It is a known fact that people that can get something for nothing will take it and sit back and do nothing. They are fostering this! And, they are fostering the NO WORK attitude. That is not what our country was born from. It was born from hard work and sacrifice. The truly disabled should get it but the others should work for it! Go Romney!
#11 Jul 21, 2012
Yes I will Jethro you inbred piece-O-sh!t The proof is in the pudding, pudding head, not the bleating of your sheep rhetoric. What has ten years of your beloved Bush tax cuts gotten the middle class in this country? Ill tell you mutant chromosome lemon head from Deliverence, It has gotten them deeper in debt, foreclosed upon and out of work with no prospects. The budget was balanced and there was huge job growth under Clinton. Enter Lucky sperm George W. Bush and his tax cuts and all of the money and jobs have gone over seas and the middle class has gone bye bye.
#12 Jul 21, 2012
And another thing sh!t-for-brains, I have read Atlas Shrugged twice and it was a great and entertaining work of fiction and nothing else. It certainly is not a blue print for economic policy. I bet you never even held a copy of the book in your tiny hands let alone read it, too may pages and big words for you Im sure. More than likely you watched the horrible movie they made out of it last year and now you post under John Galt, quite pathetic actually. Hank Rearden was a much better character than John Galt. So who is John Galt? Other than a fictional character in a book it sure-as hell aint you or Mitt Romney!
#13 Jul 21, 2012
I can see you are quite enligthtened, and a very commanding vocabulary too.
Your grasp of economics and history could be better.
#14 Jul 21, 2012
John Galt, Hank Rearden, James Taggert and Fred Flintstone are all fictional characters.
it really doesn't matter what name I use to post
neither the name you use to post.
#15 Jul 21, 2012
Are you also aware that your hero Ayn Rand the author of Atlas Shrugged was an outspoken atheist? Do you also subscribe to her atheist views?
#16 Jul 21, 2012
Sheep rhetoric? The "Blame Bush" and "Clinton was great" is also sheep rhetoric. your point is?
On the Bush tax cuts, you are saying people paying more in taxes would be less in debt, less likely to be forclosed on or less likely to be unemployed? That might be true for Government employees but not the rest of population.
Bush was not one of our better Presidents, not by a long shot
one of his biggest faults he would sign anything congress put before him with out a thought.
#17 Jul 21, 2012
Why wont somebody please explain to me where all of the jobs are after a decade of Bush tax cuts for the ultra-wealthy? After two terms of George W. Bush the country lost jobs and increased the deficit significantly. After three years of Obama running the same play book nothing has changed. WHERE ARE THE JOBS THAT THESE TAX CUTS WERE SUPPOSED TO CREATE? The only jobs I have seen created by these tax cuts for the multi-millionaire/billionaires are overseas. Is that the type of job creation you prefer? Face the fact that they are taking the money and hoarding it not reinvesting it in this country while rubes like you complain about the fact you cant get a break.
#18 Jul 21, 2012
Let's talk reality, tax cuts for the rich is another of of those sheep talking points. Reality, the Bush tax cuts were across the board tax cuts for anyone paying Federal Income Tax. yes, the rich and ultra rich got tax cuts but so did everyone else.
Again, how would we have more jobs ( other than Government jobs )
if everyone or "the rich" were paying higher taxes?
yes Bush increased the Debt, and Obama is super sizing it without seeing any improvement. It falls into the "Same $hit, Different A$$hole" category.
You cannot tax a country into prosperity.
Is investing here in the USA or overseas "hoarding"?
any smart person ( or corporation ) will invest where they will get the best return on investment.
unfortunately our Government has at times too many rules and regulations that stifle business making it harder to get a good return on investment I'm sure you will call it greed. but if you work for a living would you turn down a raise? or other factors
( commute, hours, type of work etc )being equal switch to another job that paid better. wouldn't that be greed as well?
Some of the problem, we can blame ourselves, As consumers most people are price driven. people see similar items they most often will buy the one at a lower price that might be at that lower price because of lower labor costs or less Government regulation in the country where it was manufactured.
Our President and Congress should be working to make our country
a place where the business environment is one favorable to investment. When he have economic policies that foster business investment and condition where companies are neither under regulated or over regulated we will see job growth.
#19 Jul 21, 2012
No, the reason the Wal-mart clan is printing money hand over fist is because they spend their money on goods manufactured in China raising their middle class instead of ours. Combine that with the fact they are the largest employer in the country who pay slave wages and you cant help but make hundreds of billions of dollars. They give back so much too, like cheap plastic crap made in China. They can keep it as far as I am concerned and also start paying more money in taxes while they are at it.
#20 Jul 21, 2012
The Bush tax cuts began in 2001 and 2003. A big part of how they framed it was that the ultra-wealthy or job creators as the conservatives like to call them would take these additional monies and reinvest it in America creating jobs. They created jobs all right in India, China, Vietnam and Guatemala and pocketed huge profits. Meanwhile the only jobs that have trickled down to the average American is a server job at Applebees or Chiles. Once again where are the jobs and money these tax cuts were supposed to create? All I ever hear people saying both Republican and Democrat alike is there are no jobs and no money,Im in debt,I dont think I will be able to retire. I dont hear the Waltons or Buffets of the world saying that. They can pay more, you know it, I know it and the American people know it.
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