Remember Joe the Plumber? He understood exactly what the socialist "spread the wealth around" crap REALLY meant.
- That is why he was bureaucratically bullied, audited, abused, and made to STFU by the apparatchiks.
Six years ago...before the annual 'in-your-face' Hawaiian Vacations became a holiday tradition of the Red Shed...the median net worth of the Middle Class was $120,000.
- Today it is $66,000, having dropped 45%.
That's before 1/3 of earnings is taken by Federal-State-Local taxes and 'fees.'
Thanks to ObamaCare, now their health insurance is 'gone' or going to be gone, and another 15% of annual income will be needed to replace it. - But as the Supremes said, it's a tax so it's OK.
Then there is the not insignificant matter of wealth cnfiscaton by inflation and lower purchasing power.
- The inflation that isn't 'officially' there has eaten about 30% of the Dollar's worth over the last ten years...or roughly 3% per year for six years,,,so ~18%.
Figuring out the math yet? The system of 'fundamental transformation' isn't working for the benefit ofthe Middle Class, but to its detriment.
- The Middle Class is sinking beneath the financial waves as a matter of intentional policy, and the latest (and ongoing) 'funeral selfie' is of Middle Class Americans who are already in the hole...Requiem Im Pacem.
Sunday, 29 December 2013
Impoverishing the Middle Class....................from Rico
From
WellyWanger
at
16:48
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment