THE CRANKY OLD MAN
Random thoughts and stuff from a cranky old man. Humor (maybe), satire, and some politics, mostly stuff from a confused head.
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Saturday, May 17, 2014
IS THE MIDDLE CLASS DISSAPEARING
IS THE MIDDLE CLASS
a cranky opinion (sort of) for
CRANKY OPINION SATURDAY
The following is a mish-mash of opinions that goes nowhere and comes to no conclusions. Your opinions are welcome cause I don't really have one this Saturday.
middle class in this country really disappearing, or is it just more expensive
to be middle class in this day and age?
today, need…HAVE to have, things that did not exist years ago.
A mobile phone with internet access can cost
$100 a month.It is a luxury for sure,
but it is difficult to compete in any environment without one.
I guess you
could live without cable or satellite TV, but you would be somewhat of an
outcast in school or around the water cooler if you did not follow the latest
A bus or
train was all the transportation needed for the middle class of yore, but today’s familes have two bread winners, and with suburban sprawl, two cars becomes a
necessity.Tack on all the expenses that
go along with a car; insurance, maintenance, parking and more…it gets real
class I knew owned a home.It is tough
today to own when all the new houses being built are 3000 square foot and more.
the middle class today more than yesterday.The graduated income tax table has not kept up with middle class needs
and today’s “middle class” income is liable to be taxed at a 25% or more rate compared
to a 10% rate.
class today requires two wage earners; that means they have to pay for child
care which eats into disposable income.
more expensive today than ever.A ball
and a bike would keep other generations of children happy.Today, children need i-crap, gaming stuff
PC’s and more or they are considered deprived.
many reasons for the disappearance of the middle class.The new economy requires more brain than
brawn, and the recession has left even the brainy unemployed. Additionally, government
regulations have made small businesses and self-employment more difficult and
expensive and wages in general have not kept up with inflation.
increased needs and demands by the middle class for goods and services which
used to be reserved for the wealthy, if they existed at all, have simply made
the expected standard of living more expensive than in the past.
between the wealthy and the middle class is growing.We could tax the wealthy to reduce this gap,
but that has proved to only lower the income of the wealthy without raising the
standard of the middle and lower income classes.It will close the gap, but will it make
anyone feel any better?
one answer.Improving worker
productivity to bring manufacturing back to this country is part of the puzzle,
but I don’t think either is the solution.Our economy, the world economy, has so fundamentally changed, the answer
to the disappearing middle class will require more than the tired old politics
of raising the minimum wage, taxing the rich, and doling out government cheese.
safety nets does not help the middle class. Lowering the income of the wealthy
will not help the middle class.We must
find a way to boost the opportunities of our average citizens.The average citizens are the backbone of our
country.If we lose our backbone,
everyone will fall.
No, I have
no answer, other than our smart people need to seek new tactics to shore up the
base of our economy.Acknowledging that
things have changed and that new ideas are needed, is a start. Unfortunately, that is all I've got.
I'm not sure what the preceding was, kind of an opinion...I guess. Mrs Cranky doesn't know either.