Tag: middle class is fucked

What Killed The Middle Class?

Authored by Charles Hugh Smith via OfTwoMinds blog,

Rounding up the usual suspects won’t restore a vibrant middle class.

What killed the middle class? The answer may well echo an Agatha Christie mystery: rather than there being one guilty party, it may be that each of the suspects participated in the demise of the middle class.

If you doubt the middle class has expired, please consider the evidence:

The Middle Class Is Shrinking Everywhere — In Chicago It’s Almost Gone

Wealth concentration returning to ‘levels last seen during the Roaring Twenties,’ according to new research

People tend to self-report viewing themselves as middle class, but by the standards of previous eras, they lack the basics of middle class prosperity. I laid out 12 core characteristics of classic middle class security in What Does It Take To Be Middle Class? (December 5, 2013)

By these standards, perhaps one-third of American households have the same security and assets as previous generations who identified themselves as middle class: Honey, I Shrunk the Middle Class: Perhaps 1/3 of Households Qualify (December 28, 2015).

The ten primary drivers of the erosion of the middle class are:

Continue reading “What Killed The Middle Class?”

Hidden Agenda Perpetrated By Congress & The Fed Exposed In One Simple Chart

This chart explains the rise of Trump. The middle class is tired of getting fucked over by the establishment, The Fed, Wall Street, mega-corporations, and corrupt captured career politicians.

Submitted by Thad Beversdorf via FirstRebuttal.com,

I like to say policy objectives are invisible ink and policy results are the coloured glasses that expose them.  You see, policy makers always tell us how they design and implement policies targeted at middle class America.  However, time after time after time, the only segment of society that fails to realize any benefit from any policy is middle class America.  Yet for some mind boggling reason we continue to allow these policy makers to carry on with this skullduggery.  The following chart really tells you everything you need to know about economic policy objectives for the past three decades.

The above chart depicts Wall Street real profits (black line), non-financial corporate real profits (red line) and real median weekly wages and salaries (blue line) all indexed back to 1982 (this is an important period where antitrust policies broke down under the Reagan admin).

What we find is that while median wages and salaries have increased by a paltry 9% over the past 35 years, corporate income is up 250% and Wall Street income is up almost 800%.   And so over the decades this story line about policies targeting the middle class is absolutely, in every way, a total and complete fabrication.  This chart doesn’t happen by accident nor could it be the result of honest mistakes.

The above results expose the hidden agenda perpetrated by Congress and the Fed.

The American middle class is a patsy in a system designed to do exactly what it has done.  

International trade agreements and excessive money printing do help Wall Street and Corporate America but do not help the middle class.  This is made absolutely clear in the above chart.  And if you are one of those typically shallow regurgitators of the theories you’ve been told, well tell it to the facts above.