Posted by
Message
wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
4565 posts
 Online 

re: Growing Size and Income of the Upper Middle class
That is what happens when you take out the dynamic elements of the economy for the sake of targeting low unemployment and price stability. The very thing academics and limousine liberals think will help reverse this trend
This post was edited on 9/16 at 7:51 pm


Replies (0)
Replies (0)
20
PUB
New Orleans
Member since Sep 2017
5389 posts

re: Growing Size and Income of the Upper Middle class
People are kidding themselves if they think the RINOs are not the same bird too


Replies (0)
Replies (0)
10
Diamondawg
Mississippi St. Fan
Mississippi
Member since Oct 2006
20730 posts
 Online 

re: Growing Size and Income of the Upper Middle class
quote:

At these rates, debt might be something to reconsider in some ways.
Debt free, here. But I have wondered about this. Hedging against what; hyperinflation as a result of the mega give aways or some other crisis in the future? I respect your financial acumen in addition to your medical expertise.


Replies (0)
Replies (0)
00
Taxing Authority
LSU Fan
Houston
Member since Feb 2010
41849 posts

re: Growing Size and Income of the Upper Middle class
quote:

t matters in relation to the other portions of income earners. Not sure why you would say it doesn’t.
Worthless. As the great philosopher James Brown posited “shape up your bag, don’t worry about mine!”.

Another person’s wealth doesn’t make you poorer.
This post was edited on 9/16 at 8:08 pm


Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
42246 posts
 Online 

re: Growing Size and Income of the Upper Middle class
quote:

Worthless. As the great philosopher James Brown posited “shape up your bag, don’t worry about mine!”.

One person’s wealth doesn’t make you poorer.


Lol. Simping for Bezos and co. is kind of pathetic, don’t you think? Hope he sees this.


fjlee90
LSU Fan
Baton Rouge
Member since Nov 2016
3741 posts

re: Growing Size and Income of the Upper Middle class
quote:

ut I really don’t see much that the Republicans have done to make the middle class better off.


I gotta ask. What happened to your paycheck after the TCJA?

If you have a retirement account, how about there?


Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
42246 posts
 Online 

re: Growing Size and Income of the Upper Middle class
quote:

I gotta ask. What happened to your paycheck after the TCJA?

If you have a retirement account, how about there?


How about 40 some odd years of their anti-manufacturing policies and immigration policies that have gutted the working class and that are now also adversely affecting the middle class?


boogiewoogie1978
Arkansas Fan
Little Rock
Member since Aug 2012
10550 posts

re: Growing Size and Income of the Upper Middle class
quote:

Trust me, I've gone from $10/hr labor work to making over $325k this year (on path for it).

Doubtful


Replies (0)
Replies (0)
21
lsu777
LSU Fan
westlake
Member since Jan 2004
14324 posts

re: Growing Size and Income of the Upper Middle class
quote:

Meh, the numbers they use are nothing to brag about for upper middle class. $100k as a barrier is a low entry point. It simply takes two married nurses or two married managers at whatever industry and you are basically at the $100k gross.

Trust me, I've gone from $10/hr labor work to making over $325k this year (on path for it).

There is a major difference between buying power at $300k vs $100k.

Real money doesn't start until you pass the $300k mark.

Anything around $150k or lower and you can be dead broke pretty easily.


Dude I have went from make 10/hour to what I make now which is great but not 325k. And I can say with 100% certainty that you are full of shite unless you are talking about living in the NE or Cali or Seattle. Or you completely suck arse with managing money.


Replies (0)
Replies (0)
40
lsu777
LSU Fan
westlake
Member since Jan 2004
14324 posts

re: Growing Size and Income of the Upper Middle class
quote:

This paper is basically saying the inequality argument shouldn't be hyper-focused on the 1% but should include the Upper MC which grew and combined with the 1% saw all of the income growth while the MC and lower did not...the growth wasn't equal. It dovetails with Charles Murray's point(s) in The Bell Curve and Coming Apart.


So middle class % wise stays the same overall, but % of those that are now upper middle instead of lower middle has grown....and you think that is a bad thing


Replies (0)
Replies (0)
10
TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
Taxing Authority
LSU Fan
Houston
Member since Feb 2010
41849 posts

re: Growing Size and Income of the Upper Middle class
quote:

Lol. Simping for Bezos and co. is kind of pathetic, don’t you think?
is that what you think is going on here? That would the most pathetic of all. Nothing is more pathetic than being jealous of others.


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
41849 posts

re: Growing Size and Income of the Upper Middle class
quote:

This paper is basically saying the inequality argument shouldn't be hyper-focused on the 1% but should include the Upper MC which grew and combined with the 1% saw all of the income growth while the MC and lower did not...the growth wasn't equal.
We've been over this silliness. Like people making $150k/yr claiming they are "middle class".

It's funny that being thankless for what one has is somehow equated with not being "rich".


Replies (0)
Replies (0)
10
Big Scrub TX
LSU Fan
Austin
Member since Dec 2013
23690 posts

re: Growing Size and Income of the Upper Middle class
quote:

I listened to a recent Sam Harris podcast with Daniel Markovitz, Yale law prof...he was saying that the rich in this country aren't really the family wealth transfers but that it comes from work and the rich now work their asses off to the detriment of their quality of life.
That was a really good episode. I was particularly interested by the discussion of why do we put so many resources into making the elite even more elite (a la Harvard, Yale, etc.) I believe he said, it's true, they are amazing and they come up with things like the artificial heart...but overall heart health in this country is terrible. We spend too much time on the cutting edge instead of the meat and potatoes sort of.


Replies (0)
Replies (0)
01
Gtmodawg
Georgia Fan
PNW
Member since Dec 2019
2420 posts

re: Growing Size and Income of the Upper Middle class
quote:

Blaming inflation on policy makers when in fact the policies are always reactionary in nature and the inflation dynamics are driven by things for upstream and more important than the letter of the person in charge.



I never blamed inflation on anyone but there is no doubt Carter and Volker intentionally slowed the economy to get inflation under control. One could examine Nixons economic policy and gather some idea of how inflation got where it was but it began to slow in 1977 because money cost what it should at the time. It was a bitter pill and as is our wont we do not like the taste no matter how bad the disease and how good the cure is....


Replies (0)
Replies (0)
00
Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
42246 posts
 Online 

re: Growing Size and Income of the Upper Middle class
quote:

is that what you think is going on here?


quote:

Nothing is more pathetic than being jealous of others.


Yes.


Replies (0)
Replies (0)
00
Willie Stroker
Longwood Fan
Member since Sep 2008
7449 posts

re: Growing Size and Income of the Upper Middle class
quote:

How about 40 some odd years of their anti-manufacturing policies and immigration policies that have gutted the working class and that are now also adversely affecting the middle class?


Are you suggesting that the industries worked by the middle class do not evolve over time as the job market evolves? Do you honestly believe that there are entire classes of people who over time limit their own job opportunities to a single sector?

As manufacturing jobs have changed, so too has the creation for jobs in retail sales, cashiers, food and beverage industries, healthcare workers, warehouse workers who are needed to move and transport inventory, and so on.

What about the positive help for the middle class that has come from the reduction of their tax burden? The effective tax rate on the middle class is almost certainly at or near historic lows in the US, is it not?


Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
42246 posts
 Online 

re: Growing Size and Income of the Upper Middle class
quote:

Are you suggesting that the industries worked by the middle class do not evolve over time as the job market evolves?


No.

quote:

Do you honestly believe that there are entire classes of people who over time limit their own job opportunities to a single sector?


I don't understand this question.

quote:

As manufacturing jobs have changed, so too has the creation for jobs in retail sales, cashiers, food and beverage industries, healthcare workers, warehouse workers who are needed to move and transport inventory, and so on.


Sorry we exported your manufacturing job to China. Here's an application for Banana Republic. I hear Chipotle is hiring too! Maybe you should learn to code. That's a well paying job. Well, until we import massive amounts of third world coders to bring down your wages. Practice asking if they'd like fries with their burger order.

quote:

What about the positive help for the middle class that has come from the reduction of their tax burden? The effective tax rate on the middle class is almost certainly at or near historic lows in the US, is it not?


Do you want me to give them a cookie for doing one or two things that benefit our nation? Particularly when they have done so much that has harmed it? Nah.
This post was edited on 9/17 at 9:11 am


FATBOY TIGER
Valhalla
Member since Jan 2016
3307 posts

re: Growing Size and Income of the Upper Middle class
quote:

Democrats are fricking insane




quote:

Republicans need to be doing more


Like, get out of the way?


Replies (0)
Replies (0)
10
Willie Stroker
Longwood Fan
Member since Sep 2008
7449 posts

re: Growing Size and Income of the Upper Middle class
What miserable people like you might be missing is in this country, lower class and middle class is for most people a phase of income earning development. Most Americans don't stay in one income bracket over their lives. The absolute majority of people raised in a bottom quintile household move to higher income brackets as they become adults because they adapt to a changing economy.

quote:

Sorry we exported your manufacturing job to China. Here's an application for Banana Republic. I hear Chipotle is hiring too! Maybe you should learn to code. That's a well paying job. Well, until we import massive amounts of third world coders to bring down your wages. Practice asking if they'd like fries with their burger order.


Close. I worked at McDonald's. I even harvested cow manure for minimum wage. To pay for grad school I even prostituted my metabolism for science. I've moved from qualifying for welfare (never applied) to now being in the top 5% of US income earners for each of the past 15 years and plan to retire at age 55.

What may be holding you back from a similar change is being such a fully committed sour prick who lacks the self confidence to adapt, learn, work, and make good decisions.
This post was edited on 9/17 at 10:03 am


Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
42246 posts
 Online 

re: Growing Size and Income of the Upper Middle class


Why are you so mad? What makes me miserable?
quote:

I've moved from qualifying for welfare (never applied) to now being in the top 5% of US income earners


quote:

What may be holding you back from a similar change


Well, I make more than you, so I don't know why you think I need to change.

Such a weird flex.


Replies (0)
Replies (0)
00
first pageprev pagePage 2 of 3next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram