The U.S. middle class.?

Question

the middle class i shriking. Large cooperations (i.e Ford, GM etc..) are moving their companies to china, because they can pay them 54cents an hour then bringing the products over here and selling it for lots of cash. do they understand that they are trying to pull this great country down from the inside. the U.S senate and Congress are doing nothing about it. but instead, they use the war in iraq to cover every other important thing. they are more loyal to their political parties than they are to their own country. the U.S owes trilions of Dollars in defesits to nations all over the globe, if all of a sudden we are asked to pay it, we could be heading for an even greater depression especiall now that some nations hate us. an old dude in class tole me that in the 50's, the cooperations used to pay over 50% of the U.S taxes compared to now where they only pay about 6%, and guess who pays the rest? the freaking middle class.

it is always all over the news, but no one does anything about it. and incase you did not know, only 2% of the U.S porpulation controls a whole 40% of U.S wealth. That implies that the remaining 60% is owned by wealthy middle and low class people like athlets, actors, the average businessman, the average middleclass parent that 2 jobs to survive, the teen who works in Mcdonalds and those who live off wellfare in New york. is that enough for over 250 million people? whats going on. well in case you guys do not know or understand, its the next generation of kids(i.e your children) that are going to suffer everything and those of you who live to about 100 or more. so please let us come together and elect people who will pus this nation back on the road becos we are derailing right now.

Answer 1

I agree with u that the middle class is getting screwed over. Their jobs are leaving and C.E.O.s are getting payed a day what they do in a year. But to ur part about congress not caring or doning anything i would have to say u are wrong on that part. They are not keeping the jobs from going over seas but they are loyal to the people. If they were not loyal to the people they would not get reelected. They have to listen to the people who elected them or next time they dont get reelected. Also it is very hard for congress to pass a bill that effects a large amount of people because everyone has different needs and each rep. represents a different need so of course they would not be able to pass a large bill that effects a lot of people with jobs.

Answer 2

I pretty much answered this question the other day? Why would anyone with any sense want to manufacture goods here and have to deal with all the Labor Union and Government interference. Ford lost 12 Billion dollars in US ops last year. 12 Billion. Why, because workers overseas look upon working as a privelege not a right. And they know they can and will be fired if they don't do a good job. I have worked many different jobs over the course of 26 years in the work force and I have never seen so many people who after their 90 probationary period was completed suddenly had rights that I never knew existed. The right to stand around and do nothing and get paid, The right to show up when they felt like working, The right to be disrespectful to their boss. If you owned a business would you stay somewhere where it was predetermined you'd lose money or would you move to somewhere where you could compete?

Answer 3

You've been watching my dear friend Lou haven't you.

Yes....everything you say is true..

and to top it all off...they aren't going to do anything about illegal immigration because the companies that are still here want to pay the same wages here as they do in Chine...just not move the company.

Sometimes it's best to not even think about it. Just brings you down.

Answer 4

DEPARTMENT OF THE TREASURY
Office of Public Affairs
March 2, 2005
FACT SHEET:
Who Pays the Most Individual Income Taxes?
The individual income tax is highly progressive – a small group of higher-income
taxpayers pay most of the individual income taxes each year.
• In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than
one-half (53.8 percent) of all individual income taxes, but reported roughly one-third
(30.6 percent) of income.
• The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes in
2002. This group of taxpayers has paid more than 30 percent of individual income
taxes since 1995. Moreover, since 1990 this group’s tax share has grown faster than
their income share.
• Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all
individual income taxes. In all years since 1990, taxpayers in this group have paid
over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group
paid over 96 percent of the total.
The President’s tax cuts have shifted a larger share of the individual income taxes paid to
higher income taxpayers. In 2005, when most of the tax cut provisions are fully in effect
(e.g., lower tax rates, the $1,000 child credit, marriage penalty relief), the projected tax
share for lower-income taxpayers will fall, while the tax share for higher-income taxpayers
will rise.
• The share of taxes paid by the bottom 50 percent of taxpayers will fall from 4.1
percent to 3.6 percent.
• The share of taxes paid by the top 1 percent of taxpayers will rise from 32.3 percent to
33.7 percent.
• The average tax rate for the bottom 50 percent of taxpayers falls by 27 percent as
compared to a 13 percent decline for taxpayers in the top 1 percent.

Source: U.S. Treasury, Office of Tax Analysis.
1Estimates of taxes paid ignore any behavioral responses to the
tax cuts.

Answer 5

That's right, and what's even worse is that as the middle class is shrinking, the lower class is growing....that means we are going DOWN the class (economic) scale. Where's the American dream NOW?