No, we don't. I understand the role of the middle class. What you don't seem to understnad that at this point in time, the middle class has the least amount of moeny being taken from them in the last 80 yrs in terms of income tax. Where are we?We have differing views on how the middle class and poor affect our nations economy.
We spend more than ever before and thats driven by the middle class.
I don't try. I want you to look at the actual data instead of listening to political parties who won't tell the truth at all. I own a business. I follow the financial markets. I do invest. I do my own research...I know I won't change your mind on these points, and conversly, you won't change mine.
The problem is that same middle class took loans on houses they couldn't afford....the middle class charged everything in the last 10 years with the 9 credit cards they have in their wallets..... thats the reason they can't buy the toilets, whirlpool tub, shower, etc...for that house. We grew too fast, spent too much and that came from the middle class....not the rich. The middle class managed their money horribly.All I know is this, if people like Joe the Plumber want to buy a business, they will find a way. But when the middle class don't have any extra income to buy a new toilet, or install a whirlpool tub or shower, then what's the point of owning a business?
You talk like this is something new that hasn't been integrated into this economy for the last 30 years. In the 80's, it was Japan. In the early 90's it was the Middle east (buying up Citibank during the commerical bank crash).Don't you think we should get America back on track before we lose any more of it to China, India, et.al. Best of luck to you and your candidate, I think you don't give the people who are the real backbone of this great country enough credit.
Now its China and India. Go look at their economies right now and let me know how they are doing. They are tanking..why? No middle class. Investors will ALWAYS come back here because we have the strongest middle class in the world. That hasn't changed.
They have in the last 30 years. I'm sorry if everyone doesn't realize the pattert doesn't go up every day of every year. The government gave the lower and middle class the rope to hang themselves on with cheap credit and guaranteed loans. They hung themselves with it.Alot of them want to make more money, and then pay more taxes, but right now, that surely doesn't seem like a possiblity.