aka: The Working-Class
And they pay a greater percentage of their income than the top 400 wealthiest American families.
Now, we know the reason American workers are quitting their jobs.
reference:
"The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay" by Emmanuel Saez & Gabriel Zucman
Target is paying 15 bucks an hour now.
A full-time job earning 15 dollars an hour is $31,200 a year.
Well, the same idiots that 'fought for 15' also voted for Joe Biden.... so they essentially played themselves.
Thanks to the bidenflation, that they voted for, their $15/hr is now the equivalent of $10/hr....WINNING!
Had Orange Man remained in office, this $15/hr victory would have been very lucrative for all Americans!!
...but mean tweets, amirite?
Trump crashed the economy and set new records for unemployment and bankruptcies. Most sane Americans didn't enjoy poverty under Trump nor mass death from Covid. Trump also gave permanent tax cuts to his rich friends while taxes for the working-class were scheduled to raise starting this year.
shareOnly someone who has less than 10 grand in their bank account speaks this way.
shareMy comment is fact. It appears you agree since you haven't denied or presented any counterargument.
I don't have the impression you know anyone with more than 10k since your perception is stereotyped and narrow.
You haven't spoken a fact yet. If you think someone who makes $18,500 pays a higher percentage of their income in taxes you're retarded. One more thing you run your mouth about but don't have a clue.
COVID crashed the economy, dipshit. It was setting records before that happened.
Everybody I know paid less in taxes under Trump, myself included. I expect that to change drastically. My health insurance just went up 50%. The most drastic change in the 17yrs I've had the policy. And for what???
Trump mismanaged covid, therefore he's responsible for crashing the economy. That imbecile Bush 1 was president when Sars 1 came out and even he was able to contain it. Unlike Trump, Bush wasn't watching TV all day, ignoring his heath and national security advisors who begged him to act for weeks, defunding health agencies and trying to kill people who didn't vote for him.
Good! I hope your health insurance goes up another 50% since you enjoy making rich people even richer. The EU pay only 10% of their income on national healthcare while Americans pay 20% of income on private healthcare.
Dummy, the tax cut for rich people was permanent. The tiny tax cut you received was temporary and scheduled to go up after a few years in order to pay for the rich people's share. I already warned about that in 2017.
"In discussing upcoming tax changes due to the 2017 Tax Cut, economist Joseph Stiglitz argues that “people with incomes between $10,000 and $30,000—nearly one-quarter of Americans—are among those scheduled to pay a higher average tax rate in 2021 than in years before the tax ‘cut’ was passed.”
"What is more, these “tax cuts” will eventually lead to tax increases for 53 percent of
taxpayers, including 70 percent of middle income families."
https://www.jec.senate.gov/public/_cache/files/4150f60c-56af-4b6a-8f0e-fb0b34aafed8/tax-cuts-fail-to-deliver-promised-economic-boost.pdf
Furthermore, the tax cut didn't pay for itself, nor stimulate the economy. It made rich people richer, therefore you should be happy.
The working-class pay 25% total income whereas the top 400 families pay only 20% which is the lowest of all income groups.
Trump mismanaged COVID, that is comical. Or would be if it weren't so dumb. First of all, there was NO precedent for COVID, no standard for dealing with such a thing. If you think anyone else would've done better, you're a bigger fool than I though. There is also no managing a virus. However, Trump responded FAR quicker than Obama did. He stopped travel to and from China, to which ALL the democrats pitched a fit. You do realize that Trump is responsible for the vaccine all you dumbasses are now pushing down everyone's throat, right? Trump's biggest mistake was listening to that cocksucker Fauci, who you people idolize.
So it's a good thing that my health insurance went up 50%? That's how ignorant and vindictive you people are. You do realize that if mine went up, a lot of other people's did as well, right? Sorry but universal heathcare only sounds good in theory. In practice, not so much. If you want to live in the EU, then go right ahead. But no, you're a freeloader living in mom's basement. You don't have the money to move. Just the free internet to sit and bitch about things you have no understanding of.
Those "rich people" you're referring to are those who invest in the economy. They invest in business and they employ people. You've clearly bought into Obama's class war nonsense, which basically pits the ignorant masses against the lowest hanging fruit. You buy into it because it's easy to make the have-nots covet the haves and they believe every lie you feed them.
You think the top 1% pays less in taxes? You really are retarded. 2% of taxpayers earn 19% of the income, yet pay 37% of the income tax. That's not what I call "fair". Sorry dummy but those who have more than you, also pay more than you. Last year my income tax was 33% of my adjusted gross income. My tax bill would make you sick. The idea that people with a lot more and paying a lot less is utter bullshit. I don't hire a tax professional to get an unfair advantage. It's to make it less unfair.
"The richest one percent earn about 21 percent of the income and pay 24 percent of the taxes"
https://nymag.com/intelligencer/article/fact-check-richest-1-dont-pay-40-of-the-taxes.html
Feel free to refute this. I have no idea how accurate their investigation was. It is 2019 figures, but I doubt they had 2020 figures in September 2021.
Trump tried to close borders early but was undermined at every step because "that's racist!" apparently.
He also fast tracked vaccines that even Biden was able to acknowledge.
"Trump tried to close borders early"
https://moviechat.org/bd0000082/Politics/5f7c2053de68a444cbb4f2cc/WINNING-Trump-Brings-In-1-Million-Legal-Immigrants?page=2
... your data only goes until 2019 ie; before covid
shareIt's the next to last post in that thread:
Obama last full 3 years October 2013 to September 2016
473,115 + 467,374 + 531,472 = 1,471,961
Trump last full 3 years October 2017 to September 2020
550,930 + 462,422 + 240,526 = 1,253,878
That's 15% fewer legal immigrants than Obama.
... Trump probably got a boost from foreigners not wanting to deal with maskless rednecks.
I don't know what the hell we're going to do with those 100,000 new machetes from Dominican Republic...
Is there any information about shutting international airports and borders to mitigate covid?
Because that's what the actual discussion is...
You are a total and complete liar. The majority of people making that kind of money are either just starting out or abject failures. Who's fault is that?
LMAO, if you want to play that game...Biden's 'death count' puts Trump's to shame.
And China, along with Democrat governors and the house printing endless money, crashed the economy. Get off Trump's dick.
Trump's Republican supporters are the ones refusing to get vaccinated. They are the ones filling hospitals and morgues.
"Pro-Trump counties now have far higher COVID death rates. Misinformation is to blame"
https://www.npr.org/sections/health-shots/2021/12/05/1059828993/data-vaccine-misinformation-trump-counties-covid-death-rate
Like Judge Judy said, you cant fix stupid. And their are plenty of stupid in GQP/Trumpy territory.
Another anti-vax Trumpite just died.
https://nypost.com/2022/01/05/anti-mandate-activist-kelly-ernby-was-not-vaccinated-when-she-died-of-covid-husband/
"Pro-Trump counties now have far higher COVID death rates. Misinformation is to blame"
Another anti-vax Trumpite just died.
Nope, the overwhelming number of hospitalized and covid deaths are unvaccinated. Trump's Republican supporters are the ones refusing to get vaccinated. They are the ones filling hospitals and morgues.
Plenty of money printing during Trump's four years after the liar promised he would stop it.
"People living in counties that went 60% or higher for Trump in November 2020 had 2.73 times the death rates of those that went for Biden. Counties with an even higher share of the vote for Trump saw higher COVID-19 mortality rates."
https://acasignups.net/21/12/02/weekly-update-covid19-casedeath-rates-county-partisan-lean-vaccination-rate
823,000 Americans got Covid and died. What's your point?
"the house printing endless money"
https://www.yahoo.com/now/trumps-twitter-criticism-of-the-federal-reserve-fades-after-rate-cuts-124538265.html
"Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc."
— Donald J. Trump (@realDonaldTrump) November 18, 2019
You're both wrong. COVID and lockdowns crashed the economy (actually China since they lied, denied, supplied, then glorified). The world is affected by inflation, not just the US. This is what happens when you only focus in one's own country and not compare to the others to see if the situation is similar.
shareChina did the same with Sars 1, but Bush 2 prevented a pandemic calamity by acting immediately. I'm no Bush fan, but I give credit when it's due
Ebola returned in early 2021, but Biden acted immediately, also.
Trump wasted weeks doing nothing which allowed it to quietly grow in the U.S.. Both the national and health advisors told him he must act quickly! He refused. The east coast was never warned as millions of people came by planes!!
Americans died disproportionately compared to other Western countries because we had no leadership.
Trump attended zero Covid Task Force meetings for 5 months at the height of infections and deaths!!!
The U.S. is world leader and others depended on us to prevent pandemics. Our health agencies were defunded and understaffed by Trump. Please stop excusing his laziness and incompetence.
And stop placing business profits ahead of human lives!
If everyone had united to wear masks, temporarily close and social distance, covid would not have spread as badly throughout the U.S..
You have a point. Everyone freaked out about Sars, and about half freaked out about Ebola and Covid. But Sars and Ebola never became a problem.
shareCovid isn't a problem since no one seems to be able to tell whether they have it or not, and no test can figure out whether someone has Covid or the flu.
I mean, this thing sure is deadly if you actually have to get tested to find out if you even have it because most people are going around with it asymptomatically.
PCR tests can tell the difference between Covid and flu.
shareNo, they can't, that's why they were recalled:
https://www.nebraskamed.com/COVID/pcr-test-recall-can-the-test-tell-the-difference-between-covid-19-and-the-flu
Pro-Covid sites like the one above are trying to say that they could tell the difference, but in the middle of the article they admit...
"All PCR tests give either a positive or negative result for each virus it detects. For SARS-CoV-2:
Positive means the test found SARS-CoV-2, the virus that causes COVID-19
Negative means you likely don't have COVID-19 – but you may have influenza or another coronavirus. So you'd have to get a second test to see if it's something else"
Once again, RWNJs were duped by Gateway Pundit.
https://www.usatoday.com/story/news/factcheck/2021/12/30/fact-check-cdcs-pcr-test-withdrawn-after-dec-31/9053100002/
The Gateway Pundit article claims the CDC admitted the soon-to-be-retired PCR test "can not differentiate between the flu and COVID virus."
It claimed flu cases were so low in 2020, then, because the test was counting flu cases as COVID-19. But that's nonsense. Gateway Pundit was misunderstanding the use of the term differentiate.
In an August news release, the CDC wrote the PCR test was specifically designed only to detect the viral genetic material of SARS-CoV-2, the virus that causes COVID-19 – not influenza, which causes the flu.
"It does not detect influenza or differentiate between influenza and SARS-CoV-2," the website states.
In other words, it's not that the test can't tell the two apart, it's that the test was designed only to detect COVID-19. The CDC spelled this one by noting someone with the flu would not create a false positive for COVID-19 with this test.
I have no idea why you're referencing the Gateway Pundit, that has zero to do with any of the links I provided.
I'll re-quote my post again highlighting that the PCR tests can't tell Covid from the flu from the Nebraska Medicine website:
https://www.nebraskamed.com/COVID/pcr-test-recall-can-the-test-tell-the-difference-between-covid-19-and-the-flu
From the middle of the article...
"All PCR tests give either a positive or negative result for each virus it detects. For SARS-CoV-2:
Positive means the test found SARS-CoV-2, the virus that causes COVID-19
Negative means you likely don't have COVID-19 – but you may have influenza or another coronavirus. So you'd have to get a second test to see if it's something else"
Nebraskamed fucked up. When they saw this:
CDC encourages laboratories to consider adoption of a multiplexed method that can facilitate detection and differentiation of SARS-CoV-2 and influenza viruses. Such assays can facilitate continued testing for both influenza and SARS-CoV-2 and can save both time and resources as we head into influenza season.
No, they didn't mess up, the tests are simply inaccurate, as demonstrated by Musk getting tested four times and getting different results each time:
https://www.npr.org/sections/coronavirus-live-updates/2020/11/13/934494818/elon-musk-tests-positive-and-negative-for-coronavirus-awaiting-confirmation
Now multiply that by everyone else who experienced the exact same thing, which is precisely why they had to recall the faulty PCR tests from before.
Had Orange Man remained in office, this $15/hr victory would have been very lucrative for all Americans!!There wouldn't be $15/hr mw with a republican administration. Even the smarter repubs like Dan Crenshaw are against it.
Only people without skills get paid that low or people who are trying to stay on welfare. If you have talent there is always someone out there willing to pay for it.
Illegal Mexicans who can't speak a word of English (unless it's money-related) come to the states and flourish. Not only do they make enough money to have proper housing, food, and utilities but also enough money to send back to Mexico for their real home and family.
Any natural-born American who is poor is lazy or playing the victim. While the blacks and whites keep bickering about minimum wage and food stamps the browns are taking over the suburbs in droves!
Unskilled people used to make a damned good living working in factories building things like cars. That single income could support a wife and children, buy a house and a car. Furthermore, he had healthcare and a pension when he retired.
But, you allowed yourself to become convinced that union jobs are bad and to scapegoat others who are struggling aka: divide and conquer. You're being played by multi-billionaires like Koch and Devoy.
"That single income could support a ... "
Is that really true?
Or is that some rose colored pipe dream that people trot out ?
It's true. An individual earnjnv a minimum wage could rent an apartment in my area when I was a kid. Also, my parents paid only $5 for a a doctor's housecall.
Our government allowed rich folks to dictate healthcare, housing, salaries and benefit, tax system, etc. by accepting their bribes aka: political donations.
$5 for a doctor's housecall? Are you the ghost of Laura Ingalls Wilder? Did they pay in cash, eggs, or milk?
shareCash. Try doing that now!
My private school was only $15 a month. Now you understand what inflation does to your savings. Although, medical and housing costs have increased much faster than inflation.
Unskilled people used to make a damned good living working in factories building things like cars. That single income could support a wife and children, buy a house and a car. Furthermore, he had healthcare and a pension when he retired.
Left-wing policies created a much better lifestyle with FDRs The New Deal which had ended the income inequality during the Gilded Age. Average Americans were at their pinnacle in wages, benefits, lifestyle and income equality in the 1970s.
Then, the super rich began to fight back. They wanted their Gilded Age back. They spent billions buying politicians, messaging through the new right-wing media, influencing academia and judges, bringing lawsuits, etc.. Things turned in their favor with the election of Reagan who lowered their taxes from 70% to 28%. Income inequality drastically rose. Union jobs were decimated as the super rich used their taxbreaks to send jobs overseas for cheaper labor. Regular folks taxes went up as the super rich taxes went down. In the 1980s, the working-class had 20% national income. Now it's only 12%. Meanwhile, the top 1% went from 10% to 20% of national income. The New Gilded Age had returned!!
Many "conservative values" are really the rich's beliefs and talking points. Ordinary people used to be pro-union, both Republicans and Democrats were fighting climate change together, government was admired as helping people especially does in need and the poor were to be helped.
Hating unions, climate change denial, hating government and demonizing the poor are actually new and influenced by the super rich. Reagan was the first to call government the enemy and the GOP followed his lead. Now, it was government demonized instead of big business which the super rich owned. Many of them are sociopaths who want to exploit and run businesses without any regulation so they can pollute at will.
Virtually none of that is true. You've obviously never worked a day in your life, dealt with "unskilled labor" or unions. Unions are a fine example of failed liberal policy. They once served a useful purpose but now exist only to perpetuate themselves. You have an idealistic view of liberal policies with no true idea of how they actually work in the real world. You're just repeating what you read somewhere.
share"It also bears mentioning that the latest Reuters analysis confirms what many other studies have shown: Unionized workers get paid more and have better benefits, and the dearth of unionization in the country is linked to skyrocketing income inequality."
https://www.reuters.com/legal/legalindustry/union-workers-get-higher-pay-if-they-can-join-2021-07-12/
You're repeating anti-union talking points created by business leaders and promoted by their shills in mass media and politics. Continue to support positions which hurt you.
I'm not you. I don't have to repeat someone else's talking points or something I Googled. I've lived it. I've seen unions crush businesses. Unions are a big part of why manufacturing moved overseas. You dummies never have the intellect to recognize your own failures.
shareYour delusions are not reality.
Provide proof from a credible source or gaslight elsewhere.
My reality is not a delusion. Delusions are all you have.
"Provide proof from a credible source". The hallmark of a Google debater that actually knows nothing.
I link to factual evidence. Your delusions are not reality.
Gaslight elsewhere.
Sorry Google debater, got no time allotted for you today. Get a job.
shareHe's right, actually:
https://money.cnn.com/2016/03/29/news/economy/us-manufacturing-jobs/
Right about what?
shareMany of the blue collar jobs run roughshod by unions have been outsourced overseas.
shareThank Reagan! He gave a huge taxcut to corporations. The Left was against it and warned corporations would use the money to build infrastructure overseas and then fire Americans and replace them with cheaper foreign labor. Of course, that's exactly what happened.
More recently, the corporations used their 2017 taxcuts to replace workers with technology or stock buybacks.
The super rich only care about profit. If they could pay you a dollar a day like they do in some foreign countries, they would.
"Unions are a fine example of failed liberal policy. They once served a useful purpose"
Oh I can't wait to hear you elaborate about the "useful purpose."
"And left-wing policies ended that."
Well, the ho's and the enz somehow felt they should be able to get some of that gravy.
Sometime in the 1990's I read this article in the L.A. Times about civil rights. It had this photo, circa 1946, of these dudes who looked like they came right out "The Grapes of Wrath" with the overalls, the farmer hats, and shotguns all lined up, about 20 paces apart, along Alameda Street in downtown L.A. They were railroad workers trying to prevent Blacks from getting railroad jobs.
I've never been able to find that article or that photo.
That’s not unskilled labor, dumbass.
shareOf course, it is!
shareYou are truly clueless.
shareThat's not a counterargument.
Traditional factory work is similar to store clerk in which degrees, work experience nor specific skills are required since workers receive on-the-job training.
It's the truth. Can't argue with someone so willfully ignorant. I notice you have never responded to my accusation that you've never worked a day in your life.
share"the browns are taking over the suburbs in droves!"
...and this is a good thing?
Where'd that figure come from? If true, that's crazy. I can't find any reference to that figure, though. But we pay more percentage-wise in taxes on income because most, if not all, of those top 400 wealthiest American families, i.e. the uber-super-rich, don't have traditional income, and make most of their money off investments, keep it overseas, etc. allowing them to legally avoid taxes, which needs to be remedied. Even so, the top 1% pay around 40% of all taxes in the U.S., even at a lower percentage of their income. But $18,500 average income for half the country? Any links, published papers, etc.? From what I can find the average individual income is about $35k.
https://policyadvice.net/insurance/insights/average-american-income/#:~:text=What%20is%20the%20average%20American%20individual%20income%3F,in%202019%20was%20%2435%2C977%2Fyear.
https://smartasset.com/retirement/the-average-salary-by-age
https://wallethacks.com/average-median-income-in-america/
https://courses.lumenlearning.com/boundless-sociology/chapter/the-class-structure-in-the-u-s/
https://www.oberlo.com/statistics/average-us-income
https://www.financialsamurai.com/how-much-money-do-the-top-income-earners-make-percent/
https://letter.ly/how-much-does-the-average-american-make/
https://www.ziprecruiter.com/Salaries/What-Is-the-Average-Average-Salary-by-State
Some theories on the "great resignation" that might be interesting (and I'm sure full of speculation).
https://www.inc.com/bill-murphy-jr/new-data-finally-shows-why-people-are-quitting-their-jobs-its-definitely-not-because-theyre-lazy.html
https://www.thedenverchannel.com/news/national-politics/the-race/why-millions-of-americans-are-quitting-their-jobs
https://news.wttw.com/2021/11/15/behind-great-resignation-americans-quitting-their-jobs-record-numbers
https://www.forbes.com/sites/jackkelly/2021/11/15/weve-become-a-nation-of-quitters-44-million-americans-left-their-jobs-in-september/?sh=471953dd893e
https://www.usatoday.com/story/money/2022/01/04/great-resignation-number-people-quitting-jobs-hit-record/9083256002/
_________________________________________
Never believe. Always question. Rebuke belief, a.k.a. bias, a.k.a. groupthink, a.k.a. ideology, the bane of skeptical, logical reason.
The book's name is in my original post.
The stat was for average individual salary, not median nor household which your links contain.
They used a methodology to make it more accurate which is described in a 57-page .pdf link in which they're trying to accurately capture both pre-tax and post-tax income especially for higher earners. The first few pages are informative. (Warning: these stats are older so only read for methodology):
http://gabriel-zucman.eu/files/PSZ2018QJE.pdf
A similar stat was conducted by the Brookings Institute. The difference is that the book is including the bottom 50% whereas Brookings is including only working people and using a median.:
Brookings identified 53 million people—44% of all workers aged 18-64—as low-wage workers. They earn median hourly wages of $10.22 and median annual earnings of $17,950.
https://www.brookings.edu/blog/the-avenue/2019/11/21/low-wage-work-is-more-pervasive-than-you-think-and-there-arent-enough-good-jobs-to-go-around/
Both were trying to avoid individuals with higher wages being mixed into the lower-wage group which artificially distorts the percentages of low-wage individuals.
Good info. Appreciate that. That's definitely worth looking into for consideration.
_________________________________________
Never believe. Always question. Rebuke belief, a.k.a. bias, a.k.a. groupthink, a.k.a. ideology, the bane of skeptical, logical reason.
I recommend the book.
It explains the reasons why the rich pay lower taxes. It breaks up the taxes into Individual (federal, state, local), payroll, consumption and capital gains. Working people are hit with paying payroll and consumption taxes on goods. Consumption taxes on services which the rich use instead of goods are usually tax-free. They avoid corporate taxes by moving profits overseas. And business and capital gains are taxed at lower rates.
The book gets into a little history, also. I wasn't aware that there was basically a plutocracy without free elections in the South during slavery. They were also against taxes except for tariffs which they couldn't collect when the North blocked Southern ports. Most of those tariffs were paid by the poor instead of the rich.
The second plutocracy was the Gilded Age in which FDR fought with new legislation and higher taxes for the rich. The third plutocracy is happening now.
RE: resignation
#1 reason is covid-related.
Either they don't want to become sick, they don't want to put up with covid-related issues (ex. nasty customers) for a little money, they have childcare issues because of covid, retirees are not returning for part-time work because of covid, they're looking for better job opportunities presented because of covid-related employee shortages, etc..
https://www.oberlo.com/statistics/average-us-income
$84,000 ?
seriously ?
I would struggle to spend that much money
that must be nearly 3x the UK average
Maybe your Silicon Valley Billionaires are skewing the average.
Multi-billionaires should never be included in the average. It's better to create a range like the lower 25%. Then, the next 25% which doesn't include the lower 25% in order to avoid the problem. The book has a larger range - lower 50%. I would have created another group for the poor, but the book is specifically for taxation.
Very easy to spend $84k. Pay for your own health insurance, childcare, saving for future college tuition for children and add housing costs. Rents can be $3,000 ea. mo. for the middle-class in some locations.
so is your $18k figure the average for the bottom 50% ?
oh , wait yes i see from your OP title it is .
What use is that ?
what does that tell us?
wouldnt the middle 50% be more useful?
"wouldnt the middle 50% be more useful?"
No, because I'm trying to contrast taxes paid by the poorest workers and the wealthiest.
As for the middle groups, there is basically a flat tax instead of a progressive one of 25-30%. The book didn't do a salary range, but most people know in which group they belong.
$18,500 - working-class (lowest 50%) - 25% tax
$75,000 - middle-class (next 40%) - 25-28% tax
$220,000 - upper-middle class - (top 10% - not incl. top 1%) - 28% tax
$1.5 million - rich - (top 1%) 30% tax
Top 400 wealthiest families - 20% tax
Census records only capture 60% of national income. The authors use a method to capture 100% pretax and post tax as well as count fringe benefits which help raise middle-class.
"First, our data show a sharp divergence in the growth expe-
rienced by the bottom 50% versus the rest of the economy. The
average pretax income of the bottom 50% of adults has stagnated
at about $16,000 per adult (in constant 2014 dollars, using the
national income deflator) since 1980, while average national in-
come per adult has grown by 60% to $64,500 in 2014. As a result,
the bottom 50% income share has collapsed from about 20% in
1980 to 12% in 2014. In the meantime, the average pretax income
of top 1% adults rose from $420,000 to about $1.3 million, and
their income share increased from about 12% in the early 1980s
to 20% in 2014. The two groups have essentially switched their
income shares, with eight points of national income transferred
from the bottom 50% to the top 1%. The top 1% income share is
now almost twice as large as the bottom 50% share, a group that
is by definition 50 times more numerous."
http://gabriel-zucman.eu/files/PSZ2018QJE.pdf
Yeah I don't think that one is accurate. Looking at various sources, the so-called individual average is all over the place. Although it doesn't specify it in that Oberlo article, I'm wondering if that's household income, which would put it a bit closer to reality most likely (although even then it seems a little high). I think the first link is probably closer to the truth for individual annual income, at about $35,000 in 2019. I also like how they break it down by age group in the second link.
_________________________________________
Never believe. Always question. Rebuke belief, a.k.a. bias, a.k.a. groupthink, a.k.a. ideology, the bane of skeptical, logical reason.
So what happens when they quit their job? Unemployment is temporary and only pays a portion of your paycheck. What's next?
shareSome people are retiring while others may be part of a second income. I heard others are living off the stimulus checks or savings. Others have long covid which would mean disability.
I think there could be more people who would leave, but their jobs allow them to work remotely.
Interestingly enough, studies found there is no such thing as long Covid:
https://jamanetwork.com/journals/jamainternalmedicine/fullarticle/2785832
It's a psychosomatic response from fear-mongering.
Are you trying to say "median income" is $10 an hour? Bullshit!
Google: The U.S. Census Bureau lists the annual real median personal income at $35,977 in 2019 with a base year of 2019.
The book doesn't use the term median.
The Census is a mess. It's not accurate at all since it misses so many people. It's political with a certain political party trying not to count people in order for them to have less representation. You must know that. Income stats try to falsify the low wages of Americans by including middle-income salaries with lower incomes to skew it higher, only including household incomes instead of individual incomes or using median instead of average. Don't forget that some people only work part-time.
The authors wanted accuracy.
"The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay" by Emmanuel Saez & Gabriel Zucman
The title of that book , coupled with the extraordinarily low average income figure suggests to me that Emmanuel Saez & Gabriel Zucman have used some very creative ways of arriving at that figure .
I provided a link to their methodology:
http://gabriel-zucman.eu/files/PSZ2018QJE.pdf
Complaining about income inequality without addressing racial diversity is the ultimate expression of ignorance. Racial diversity is the biggest cause of income inequality.
shareNonsense! Income equality becomes an issue when the rich don't pay their share of taxes which allows their wealth to grow unabated. Income equality always destabilizes the country. There was severe income inequality 3x in the U.S.
The first plutocracy was in the South with wealthy slaveowners which lead to the Civil War.
The second was the Gilded Age with rich industrialists which lead to major economic reforms by FDR. Working-classes gained and income inequality had flatlined by the 1970s.
The upperclasses began fighting back against FDR's New Deal and other progress in the late 70s. They paid billions to change tax policy, business regulation, influence courts, media and academia, etc.. Many so-called "conservative viewpoints" originated from the Koch Brothers and other multi-billionaires who only want to further enrich themselves.
The working- class began losing ground especially under Reagan who lowered their taxes from 70% to around 28%. Income inequality exploded.
The third plutocracy is now. The Jan. 6th insurrection is only a symptom.
It's not nonsense. There are two main ways racial diversity causes income inequality. First by having lower IQ populations which naturally earn less (and spend more on frivolities). And secondly because racial diversity (mainly presence of Blacks) causes White people to be more conservative preventing a social welfare state from being established.
shareThe middle class are the people who are fighting against FDR, those in poverty and are much poorer than your wealthy 18k a year people are stepped on by the middle class because the middle class wants cheaper items.
Just take a look at the opposition to bringing manufacturing back to the united states. The people opposed? Wealthy White Middle Classers because they would have to pay more for goods that were made by people who earned a living wage.
For the ultra rich to exist, they need the wealthy white middle class to feed off of, for the middle class to exist, they need impoverished people to feed off of.
Exactly! They don't understand that "conservative values" originated with the ultra rich who are the ones to benefit from business deregulation, less consumer protections, less taxes (ours go up when theirs go down). They use their money to influence common folks' beliefs especially through the media and with "grassroots" organizations which they create and fund like the "Tea Party".
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