The American middle class isn’t coming backProgressive policies are squeezing the life out of the economy, they are on the home stretch to de-develop the country.
"“Resources must be diverted from frivolous and wasteful uses in overdeveloped countries to filling the genuine needs of underdeveloped countries," Holdren and his co-authors wrote. "This effort must be largely political, especially with regard to our overexploitation of world resources, but the campaign should be strongly supplemented by legal and boycott action against polluters and others whose activities damage the environment. The need for de-development presents our economists with a major challenge. They must design a stable, low-consumption economy in which there is a much more equitable distribution of wealth than in the present one. Redistribution of wealth both within and among nations is absolutely essential, if a decent life is to be provided for every human being.” - White House Science and Technology Adviser, John P. Holdren.
The left have wanted to destroy the middle class for a while now
The fools on the left still believe the government managing the economy and “redistributing” wealth can lessen income inequality - when the fact is that such measures INCREASE income inequality.
I saw it in spades living and working in communist/socialist countries - those with government connections were able to game the system to their benefit.
Ridiculous. This has only been an issue since the last 7 years Obama has been in office. Once again, failed liberal ideology blames it on anything else.
if a decent life is to be provided for every human being —
Who provides?
What defines decent?
Karl Marx HATED the middle class.
He wanted them DEAD.
You can’t use Marx’s ideas - ANY of Marx’s ideas to help the middle class.
And yet, that’s what we’re doing in America.
Note: the middle class isn’t doing all that great in Canada, Europe or any other “socialist” place cause they’re all implementing Marxist policies.
But you middle class Marxists keep voting for it. :)
Oh.....from Salon.
Well, hairdressers know everything.
GloBULLism and off shoring are what did America in. There are three ways to create wealth, mine it, make it and grow it. You can’t fake wealth creation, a “service” based economy is zero sum game and just shifts wealth around. We bought of on this service / consumer economy. What rubes we are.
Note the number of stories of late decrying boomer pensions, payments for medicare, etc. the only thing missing is the term “useless eaters.”
And this idiot with a college degree, no doubt, does not link the exponential growth and greed of the federal government to the bleak future for the coming generations that will have to pay for LBJ’s Great Rip-off Society and everything that followed it. Do these Leftists really think that money grows on trees in D. C.?
I don’t blame the Boomers for being the last generation to do better than their parents, but I do blame them for being so sanctimonious about it.
The Boomers are an entire generation of people born on 3rd base who think they hit a triple.
“But why couldn’t the prosperity be spread so that those born in the ‘50s, ‘60s, and after can enjoy the same stability and wealth?
Well, this is a complicated one, and we’ll nod to the usual suspects: Globalization, technology, and the depletion of natural resources (especially energy) meant that the postwar boom would not last forever.”
It is not a complicated one. The liberal progressive generation has over regulated and over taxed themselves and businesses. Remove these extreme burdens and watch the economy take off and people prosper.
We need to RIGHT NOW go to a no-loophole under 19% flat tax with a generous initial earned income exemption like what Steve Forbes proposed in 1996, then set up the mechanism so in three to four years' time, we get rid of the income tax in favor of something akin to FairTax. Do that and the US economy will rocket through the roof in no time flat.
Bring all of that back and the middle class can return.
The American middle class isn’t coming backBoomers range in age from 51 through 69. From Sarah Palin (age 51) through Shelby Steele (age 69).
“Baby boomers are people born during the demographic Post–World War II baby boom between the years 1946 and 1964. According to the U.S. Census Bureau, the term “baby boomer” is also used in a cultural context.”
Stopped reading right there. The author is a clueless dolt. Oh, it's Salon?
I still think as the boomers retire and die off demand will drop and prices will fall as a result on nearly everything
Their folks were buying brand new homes on ONE income, and Mom stayed home to actually raise the kids. Try that in today's America.
In fact, so bad today, what many of their folks paid for a new home in total, equates to just 3 or 4 mortgage payments for today's home.
This guy is blaming Reagan and the Air Controllers Strike for Obama’s failed Policies and the fake Recovery?
Talk about a Leap. Geez...
I’ll bet he blames Reagan for AIDS too.