How do you define middle class?
Is it shrinking because middle class people are getting poor? Or because middle class people are getting rich?
If concern about that is Marxism, then I guess conservative values are Facism.
Only if you're a lefty.
Re: poverty, Marxism, the Middle Class, and stock options
Glad to hear about the holding period of stock options. So you are saying the top executives that bailed out of Enron before the fall had held their stock for several years?
I am currently researching a historical novel that takes place in 1902 and 1903 in the NY/NJ area among others, so I am becoming quite familiar with economic circumstances at that time. So if the middle class of that period (like my grandparents) were like today's poor, then the poor were absolutely destitute. Still the middle class was a lot smaller than it is today, and our middle class is definitely shrinking now. Just ask all the guys who lost $75-100,000 jobs in the past decade as they were sent to India or Ireland, and now feel lucky to get $35-40,000 jobs today. If concern about that is Marxism, then I guess conservative values are Facism.
How do you define middle class?
Is it shrinking because middle class people are getting poor? Or because middle class people are getting rich?
If concern about that is Marxism, then I guess conservative values are Facism.
Only if you're a lefty.
First of all, CEOs' bonuses/golden parachutes, containing stock OPTIONS, have a waiting period, before said options CAN be executed. The free and clear ownership of stocks, means just that, they can be sold/traded, at any point in time.
I don't know what you are using as research material, but it obviously hasn't taught you anything.; If you are being honest, please contact me in private, and I'll give you some help for you book...in the form of book lists and where you SHOULD be doing your research.
Yes, compared to today's lower class, the middle class of 100 years ago WILL appear to be living far below TODAY'S poverty level; however, compared to that day's poor, they lived quite well. THE SIZE OF THE MIDDLE CLASS HAS GROWN, SINCE THE END OF WW II, THROUGH TODAY, AT A FURIOUDS PACE; IT IS NOT SHRINKING !
You need to study a LOT more historical data! You assume that people never before lost jobs or their savings.
Stop trying to be "cute" or even vaguely intelligent. No, Conservatism isn't "fascism"; OTOH, your constant class warfare and blinkered take on business, social strata, and money, IS pure, unadulterated MARXISM.