Showing posts with label middle class. Show all posts
Showing posts with label middle class. Show all posts

Tuesday, January 05, 2021

The destruction of the U.S. industrial and manufacturing base is EXACTLY WHY the middle class has struggled, and exactly why the wealth gap exploded in the past 30 years.

 ♦POTUS Trump was disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. He was fighting, almost single-handed, at the threshold of the abyss. Our interests, our position, is zero-sum. His DC opposition seeks to repel and retain the status-quo. They want to return to full economic control over the U.S.

In these economic endeavors President Trump was disrupting decades of financial schemes established to use the U.S. as a host for their endeavors. President Trump was confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of the host (USA) ie YOU. There are trillions at stake; it is all about the economics; everything else is chaff and countermeasures.

Familiar faces, perhaps faces you previously thought were decent, are now revealing their alignment with larger entities that are our abusers. . .

READ MORE:

https://theconservativetreehouse.com/2021/01/05/there-are-trillions-at-stake-the-big-club-and-uniparty-opposition-to-president/

Saturday, October 19, 2013

How Obamacare Screws the Working Class…Hard

Obamacare is set to sink into the flesh of the American entitlement system not unlike a bear's claws sink into the flesh of its prey. . .

Here are some of the new taxes you're going to have to pay to pay for Obamacare:

▪ A 3.8% surtax on "investment income"( dividends, interest, rent, capital gains, annuities, house sales, partnerships, etc.) when your adjusted gross income is more than $200,000, $250,000 for joint-filers. What is "investment income?" (WSJ)

▪ A 0.9% surtax on Medicare taxes for those making $200,000 or more, $250,000 joint. (WSJ)

▪ Flexible Spending Account contributions will be capped at $2,500. Currently, there is no tax-related limit on how much you can set aside pre-tax to pay for medical expenses. (ATR.org)

▪ The itemized-deduction hurdle for medical expenses is going up to 10% of adjusted gross income. (ATR.org)

▪ The penalty on non-medical withdrawals from Healthcare Savings Accounts is now 20% instead of 10%. (ATR.org)

▪ A tax of 10% on indoor tanning services. This has been in place for two years, since the summer of 2010. (ATR.org)

▪ A 40% tax on "Cadillac Health Care Plans" starting in 2018.Those whose employers pay for all or most of comprehensive healthcare plans (costing $10,200 for an individual or $27,500 for families) will have to pay a 40% tax on the amount their employer pays. (ATR.org)

▪ A "Medicine Cabinet Tax" that eliminates the ability to pay for over-the-counter medicines from a pre-tax Flexible Spending Account. (ATR.org)

▪ A "penalty" tax for those who don't buy health insurance.

▪ A 2.3% excise tax on medical devices costing more than $100. (Breitbart.com)

So those are some of the new taxes you'll be paying that will help pay for Obamacare...

Note that these taxes are both "progressive" (aimed at rich people) and "regressive" (aimed at the middle class and poor people).


Saturday, March 09, 2013

CA: The middle is still shrinking.

Excerpt from Beautifully Medieval California" by Victor Davis Hanson, PJ Media
A medieval society can be defined in a variety of ways. In terms of class, there is more a pyramidal culture. A vast peasantry sits below an elite of clergy and lords above — but with little or no independent middle class in-between.

I think California is getting there quickly — with the US soon to follow. . .

But feudal California is more than a sense of bifurcated classes and locations. It adopts a closed medieval state of mind too. The Renaissance marked a lessening of the intolerance and censorship of the medieval clergy. Art, literature, science, and philosophy were freed from shibboleths of Aristotle, Church doctrine, and formalistic conventions. But California has of yet had no such renaissance. In our closed, anti-scientific, and deductive way of thinking, Solyndra was a success. Drilling for cheap natural gas in the Monterey Shale formation would be seen as failure. When our governor told Rick Perry that Californians did not need to cool off in 110 degree heat through “fossil fuel”-fed air conditioning, he did not mean that solar panels were energizing green air conditioners in Barstow, but rather that our elites on the coast have natural air conditioning; it’s called the Pacific Ocean. And although wind and solar provide miniscule amounts of California energy, it matters little, given that coastal elites enjoy 70 degree weather year-round and keep their power bills low. PG&E’s and Southern California Edison’s astronomical energy costs are for “little people,” the middle classes in the hot and cold interior and mountains. The aristocracy sets the regulations that make power soar, and the interior pays far more of the costs.
READ MORE

Saturday, October 06, 2012

Introducing THE USA PLAN

The USA Plan is bold and truly revolutionary. It should satisfy both capitalists and collectivists, Republicans and Democrats, Libertarians and Anarchists and everyone in between because it makes the poor, the middle-class and the rich wealthier – in fact it delivers the American Dream to just about everyone.
The USA Plan is designed to increase the wealth of all citizens not just the few. It is triggered by the reduction of taxes imposed on them by government. The Plan is based on the Rise Up Theory of Economics which elevates the financial rights of the individual over those of the state.


The Rise Up Theory does for the poor and middle class what the "Trickle Down" Theory did for the rich - it makes them wealthy. It closes the gap between the rich and the poor and eliminates the cry for social justice. It reduces the income disparity which has become a major political issue for which no party has been proposing a workable solution. The USA Plan is that solution.


It is a simple concept, it redirects the 15.3% presently paid by individuals (and in the case of employees, their employers too) in the form of payroll taxes into a personally-owned investment account ( a “USA” – a Universal Savings Account)) that will grow into millions over the citizen's working life. The funds are invested in safe indexed stock funds that have historically been growing at over a 10% rate for the last 25 years.


At that rate of return a taxpayer or household making an average $50,000 per year would invest 15% per year or $7,500 and generate over a 40-year working life a $4 million nest egg. Go to the website www.theusaplan.com to review the year by year analysis of how the $300,000 ($7,500 x 40 years) accumulates, grows and compounds into a $4 million-dollar nest egg which will throw off a $33,000 a month retirement check.


As it will not require a taxpayer to invest his after-tax dollars into IRA or similar retirement plans it will cost no more than what is presently being taken by government. Americans can then use their after-tax cash to support their chosen lifestyles. The USA Plan will insure them of an affluent retirement and enough monthly income to buy the best medical care on the planet. The Plan eliminates the need to save for retirement.


As we know all private and public pension funds are all heavily invested in the stock market. By creating a vehicle to fund the growth of the private sector the investment of “USA” funds will immediately create millions of new jobs while at the same time guaranteeing the taxpayer a million-dollar nest egg at retirement. It will explode the overall wealth of the nation. The USA Plan is a short- term solution as well as a long-term solution we all are looking for.


Man has been saddled with poverty since the beginning of time. The few who were fortunate enough to be born into wealth or smart enough to accumulate it throughout history have always been a very small number of people. American independence changed all that to enable more 0f the population to become wealthy.


Unfortunately one-hundred years ago that independence permitted the people to give the right to tax incomes to the state which has been perverted into a mechanism to funnel wealth to the very few who know how to legally avoid taxation - Guys like Warren Buffet and Bill Gates whose fortunes have never been taxed because we don’t tax the appreciation in value until the stock is sold.


America has never attempted to solve the riddle of poverty but has left that up to the individual. He or she either sinks or swims AFTER TAXES. And there is the problem. By punitive taxation and suffocating regulation that raise all costs of living most Americans can’t save or work their way out of poverty. The talk of the American Dream of financial independence is just that – talk.


The Rise Up Theory of Economics as incorporated in the USA Plan will solve the riddle of poverty and generate all kinds of peripheral benefits not the least of which will be the elimination of war as soon as the Plan is adopted throughout the world.


War is not waged by people who want to protect their property.


Of course “peace on earth” depends on America leading the way and exercising leadership and resolve not to change or weaken the


USA Plan.

Tuesday, August 28, 2012

Elizabeth Scalia: "In the past few weeks I’ve heard some surprising people admit they’ve been arming themselves and purchasing ammunition."

Startling news from The Anchoress:
What’s interesting is that I am hearing similarly discomfited talk around me, and seeing it in my emails. In the past few weeks I’ve heard some surprising people admit they’ve been arming themselves and purchasing ammunition — one such discussion happened all around me at the hairdresser’s while I sat and listened. The stylist and his boss, they’re storing food and arming themselves. The chiropractor who popped in to say hello while taking his afternoon stroll said he is armed, too: “never in my life thought I’d have a gun in the house, now we have two.”

They’re arming, they say, because they “see it all going bad.” These same folks who voted for Barack Obama in 2008 were now asserting an idea the far-left had floated around before that election, but instead of “Bush is going to install martial law and suspend elections.” they’re saying it of Obama. “He paid off his friends and did nothing to create jobs and he wants it all to go bad, because then he can stay in power and dictate.”

Yeah, it seems as paranoid and nuts as it did when it was said about Bush, but this stuff is not being said in an extremist corner of the internet — it’s being said in a middle-class suburban salon in an area where 30% (or more) of the businesses are now shuttered, and houses are being foreclosed upon and then re-occupied seemingly overnight, creating what the stylist called “a neighborhood full of changes and no hope.

Sunday, August 26, 2012

Rise up, America!

Income of Blacks Dropped $6,048 PER YEAR Under President Hope and Change


When Peggy Joseph famously intoned in the last presidential election that  “Obama’s going to pay my gas and my mortgage” little did she know her blind support of Obama’s ‘HOPE AND CHANGE” would result in a 4 year drop in the  income of the average black of $24,000.  Now you won’t hear a joke about that from Dave Letterman or John Stewart because they still believe their President is working to make the poor better off.  The facts say differently but you won’t hear that from the main stream Obamamedia either. They still foolishly hope this town crier and his redistributionist Marxist policies will make the tide rise for all.  Tell that to Peggy Joseph.

I believe when history is written it will paint Obama as a tragic figure that had good intentions but went into office with flawed ideas how on to solve the country’s problems.  Remember he is the man who rode into office saying that under Bush and the Republicans that the income of average Americans was “flat” whereas the income of rich Americans was soaring. Well folks he has managed to make that “income disparity” worse not better.
 
When all is said and done we have a shrinking rich and middle class and a bloated almost poor society - made poor by policies that favor a government and its politicians over its people. Rise Up America and throw the bums out.

UPDATE: WHY OBAMA DOESN’T CARE ABOUT POOR BLACKS

Wednesday, May 16, 2012

Dems gearing up to tax the middle class

Bill Clinton said Tuesday that President Barack Obama’s goal of hiking taxes on the rich alone is not enough to solve the country’s fiscal woes and suggested that middle class Americans must also eventually contribute more.
Bill Clinton: Hike taxes across the board

Friday, August 26, 2011

34 Pieces Of Evidence That Prove That The Middle Class In America Is Rapidly Shrinking

Do you ever get the feeling that the middle class in America is shrinking? Well, you are not imagining things. A confluence of very troubling long-term economic trends has created an environment in which the middle class in America is being absolutely shredded.
Read more

Friday, July 22, 2011

Shock surprise: Obamacare screws middle class families out of health insurance!

It just keeps getting better and better, doesn't it?
A major provision of the healthcare reform law designed to prevent businesses from dropping coverage for their workers could inadvertently leave families without access to subsidized health insurance.
Discovered: Another Rotten Obamacare Easter Egg

Wednesday, July 13, 2011

Tonight, tens of thousands of formerly middle class Americans will be sleeping in their cars, even though that is illegal in many U.S. cities...

All because of this walking piece of excrement who is illegally occupying the White House!

When will America finally have enough???

Economic despair is beginning to spread rapidly in America...

Tuesday, July 27, 2010

White House spokesman Robert Gibbs Misleads Public on Obama's Broken Tax Pledge

Responding to a question during his daily press briefing today, Gibbs said, “The President believes raising taxes on the middle class during this economic time would not make a lot of economic sense.”

But President Obama has already broken his “firm pledge” at least eight times:
Read more

Wednesday, July 21, 2010

2011: ...it's not just the rich who will pay!

Not all Americans may fully realize what's in store come Jan. 1. But they should have a pretty good idea by the mid-term elections, and members of Congress might take note of our latest IBD/TIPP Poll (summarized above).
The Tax Tsunami On The Horizon

Tuesday, June 29, 2010

The REAL card check


Friday, April 16, 2010

New Health Care Reform Law Means Tax Increase for Middle Class

From the Joint Committee on Taxation:
By Jay Heflin - 04/12/10 02:37 PM ET

Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes — in 2019 alone — due to healthcare reform, according to the Joint Committee on Taxation, Congress's official scorekeeper.

The new law raises $15.2 billion over 10 years by limiting the medical expense deduction, a provision widely used by taxpayers who either have a serious illness or are older.

Taxpayers can currently deduct medical expenses in excess of 7.5 percent of their adjusted gross income. Starting in 2013, most taxpayers will only be able to deduct expenses greater than 10 percent of AGI. Older taxpayers are hit by this threshold increase in 2017.

Once the law is fully implemented in 2019, the JCT estimates the deduction limitation will affect 14.8 million taxpayers — 14.7 million of them will earn less than $200,000 a year. These taxpayers are single and joint filers, as well as heads of households.

"Loss of this deduction will mean higher taxes for 14.7 million individuals and families making under $200,000 a year in 2019," Sen. Chuck Grassley (R-Iowa) told The Hill. "The new subsidy for health insurance would not be available to offset this tax increase for most of these households."

The healthcare law contains tax breaks for individuals purchasing health insurance, but the breaks phase out for those making $88,000 a year.

Grassley, the ranking member on the tax-writing Senate Finance Committee, voted against the health reform bill.

Couples earning less than $250,000 will also nicked by the tax, but the exact number is unclear. The JCT lumps this income level in with those making at least $500,000. It estimates that 58,000 taxpayers earning between $200,000 and $500,000 annually will pay $74 million more in taxes in 2019.

About 5,000 taxpayers earning over $500,000 a year will pay $43 million more in tax because of the limitation.

Erin Shields, a spokesperson for Senate Finance Chairman Max Baucus (D-Mont.), told The Hill that looking just at the tax increase is "misleading and dishonest" since it "only accounts for a sliver of the whole pie."

"Health reform will lower premiums and cap out-of-pocket costs families pay when someone gets sick, which addresses the reason the medical expense tax deduction was created in the first place," she said.

When asked, Shields did not say the information in the article was inaccurate. Her comments were added to the story after its original posting.

The JCT figures were supplied to The Hill by Senate Republican staffers. The numbers were calculated in December but have not been materially altered. The JCT does not comment to the press on its calculations.

President Barack Obama in his Saturday radio address said the healthcare law keeps his campaign pledge to not raise taxes on the middle class. In his bid for the White House, he promised that individuals earning less than $200,000 and joint filers earning less than $250,000 would not see a tax increase under his watch.
JCT: Healthcare law to sock middle class with a $3.9 billion tax increase in 2019

Monday, March 29, 2010

The boiling of the frog

The Democratic political calculation with ObamaCare is the proverbial boiling frog: Gradually introduce a health-care entitlement by hiding the true costs, hook the middle class on new subsidies until they become unrepealable, but try to delay the adverse consequences and major new tax hikes so voters don't make the connection between their policy and the economic wreckage. But their bill was such a shoddy, jerry-rigged piece of work that the damage is coming sooner than even some critics expected.
The ObamaCare Writedowns

Friday, March 19, 2010

Obamacare: Drafting of a Socialist Democracy

If "Obamacare" passes in any form, the Democrats in the short term will face certain obliteration; but, in the long term, they will have done more since both the New Deal and the Great Society to cultivate an overarching dependency class. In creating a system of permanently increasing taxes and deficits (once it becomes clear that the presently imagined manners of paying for this new system will be all too inadequate, especially after the first decade of its existence), this monstrosity will rape whatever financial independence the already overtaxed middle class may be able to muster.
BEAR TO THE RIGHT

Friday, March 05, 2010

President Obama's proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday...

Deficits of that magnitude would force the Treasury to continue borrowing at prodigious rates, sending the national debt soaring to 90 percent of the economy by 2020, the CBO said. Interest payments on the debt would also skyrocket by $800 billion over the same period.
National debt to be higher than White House forecast, CBO says...