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Re: The Shrinking Middle Class

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@gordyfl wrote:

⦁ Mobile phone bills in the US are on average $100 a month, twice that of France and Germany, with the same story in broadband.
⦁ Profits per passenger airline mile in the US are twice those in Europe.
⦁ US healthcare is impossibly expensive, with drug companies fixing prices twice as high or even higher than those in Europe; health spending is 18% of GDP.

 

Years back I would fly to Canada. One time I had to fly on short notice (a funeral) and had to pay an arm and two legs for the airline ticket.

Then I discovered I could book my flights from a Canadian travel agency. It was almost half the price than when I booked my flight in the U.S.

 

Another thing I learned. One time I needed to use one of those carts at the airport in Florida. It cost a few bucks even when I returned the cart.

When I arrived in Toronto I used an identical cart, returned it, and got a full refund. In other words, it was free (if you returned the cart). It's like their country is run by a bunch of Ralph Naders. It's no wonder the middle class in Canada is doing better than us. 

 

 


I've spent many happy and inexpensive weeks camping in the Canadian Wilderness, and still think Toronto is very possibly the cleanest city on Earth.

 

Nobody there goes broke because a kid gets sick, they don't have to mortgage their future to receive a college degree and there's nobody there who wants to MOVE here for better health care.

 

The reason Canadians have al those things we do not - great affordable schools, clean cities, low drug prices, affordable health care - is because of what we have and they do not: REPUBLICANS.

 

If you want an America headed into the 21st Century instead of the 18th,

VOTE OUT ALL THE REPUBLICANS!

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Re: The Shrinking Middle Class

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⦁ Mobile phone bills in the US are on average $100 a month, twice that of France and Germany, with the same story in broadband.
⦁ Profits per passenger airline mile in the US are twice those in Europe.
⦁ US healthcare is impossibly expensive, with drug companies fixing prices twice as high or even higher than those in Europe; health spending is 18% of GDP.

 

Years back I would fly to Canada. One time I had to fly on short notice (a funeral) and had to pay an arm and two legs for the airline ticket.

Then I discovered I could book my flights from a Canadian travel agency. It was almost half the price than when I booked my flight in the U.S.

 

Another thing I learned. One time I needed to use one of those carts at the airport in Florida. It cost a few bucks even when I returned the cart.

When I arrived in Toronto I used an identical cart, returned it, and got a full refund. In other words, it was free (if you returned the cart). It's like their country is run by a bunch of Ralph Naders. It's no wonder the middle class in Canada is doing better than us. 

 

 

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Re: The Shrinking Middle Class

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Seems our Middle Class is another casualty of Republican tax policy.

 

From 1934 until 1965, American workers received 96% of their productivity gains back as wage increases - simply put, if their labor produced an additional dollar profit for the company, they got 96 cents as a wage hike and the Company kept 4 cents for stockholdres and invenstment back into the company.

 

From 1980 until 2017, worker productivity (adjusted for inflation) increased 107% but wages went up 6%, with the 101% going to the top management while stockholder ROI DECREASED.

 

For the Nation, the taxscams Reagan passed killed Revenue Sharing which distributed billions back to States and kept State and Local taxes low while insuring services, like roads and schools, remained the best in the World.

 

The GOPerLords want you to think 3d World infrastructure, a stagnating Middle Class and the 34th best school system is worth an additional 374 Billionaires and a senior management class that can live on less than half their income investing the rest to become even richer next year.

 

If you disagree and think we can do with more growth for the middle and less for the top, VOTE OUT THE REPUBLICANS WHO LEGISLATE THE OPPOSITE.

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Re: The Shrinking Middle Class

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America - The Land of Monopolies
The Guardian - Dec 1, 2019


Tomorrow, President Trump arrives in London for the annual Nato summit. Despite the boasting and the trappings of superpower status, he is an emissary from a country whose economy and society are in increasing difficulty, and whose global leadership is under challenge not just from the usual suspect, China, but from Europe.
This is not the conventional wisdom: The EU is undynamic, stifled by quasi-socialist red tape, and hostile to insurgent startups. It is so degenerate it cannot even defend itself – as Trump will undoubtedly remind its leaders over the next two days. The US is the mirror opposite.


Except the latest research demonstrates the reverse is true.


Over the last 20 years per capita EU incomes have grown by 25% while the US’s have grown 21%, with the US growth rate decelerating while Europe’s has held steady – indeed accelerating in parts of Europe. What is going on?


Johnson's infatuation with Trump could 'rip up workers' rights', warns TUC (Trades Union Congress)


The US economy is becoming increasingly harmed by ever less competition.


⦁ Mobile phone bills in the US are on average $100 a month, twice that of France and Germany, with the same story in broadband.
⦁ Profits per passenger airline mile in the US are twice those in Europe.
⦁ US healthcare is impossibly expensive, with drug companies fixing prices twice as high or even higher than those in Europe; health spending is 18% of GDP.
⦁ Google, Amazon and Facebook have been allowed to become supermonopolies, buying up smaller challengers with no obstruction.


This monopolising process gums up everything.

Investment in the US has been falling for 20 years. Because prices stay high, wages buy less, so workers’ lifestyles, unless they borrow, get squeezed in real terms while those at the top get paid ever more with impunity. Inequality escalates to unsupportable levels. Even life expectancy is now falling across the US.


But why has this happened now?


A US political campaign costs 50 times more than one in Europe in terms of money spent for every vote cast. But this doesn’t just distort the political process. It is the chief cause of the US economic crisis.


Jeremy Corbyn, seizing on leaked documents showing how US trade negotiators want UK drug prices to rise to US levels, is on to something much bigger than the threat to the NHS, fatal though that is. Any trade deal with the US will require the UK to accept the protections that are making US capitalism so predatory and high priced.


https://www.theguardian.com/commentisfree/2019/dec/01/america-is-not-the-land-of-the-free-but-one-of...

 

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The Shrinking Middle Class

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Report: Canada has the wealthiest middle class of any country in the world.


U.S. residents at the top of the income distribution make a lot more than Canadians at the top of the distribution, and Canadians at the bottom make a lot more than their south-of-the-border peers. In the middle of the distribution the income differences are much smaller, but the Canadians have seized the advantage.


Canada's middle class are now the wealthiest in the world, pushing Americans out of the top spot, according to a NY Times report.
Research by the New York Times found that median disposable income, the amount of money available to spend after tax, has largely stagnated in the U.S. over the past decade.
Meanwhile, Canadians enjoy better social mobility thanks to universal healthcare and cheaper education.


The New York Times attributed the findings to a few factors:


⦁ U.S. educational attainment rose more slowly than elsewhere in the industrialized world.


⦁ U.S. companies distributed less profits to workers.


⦁ Americans received meager raises.


The data showed that when examining the 50th percentile of income, the United States was strongly ahead of other nations in 1980. But by 2010, Canada and Norway caught up to the United States.


Middle class data from other organizations


Other groups have worked on this middle-class comparison, with similar findings of a U.S. retreat.

The Pew Research Center, for example, compared the United States with 11 Western European countries based on the median (after-tax) household income of each country.
In 2013, the national median disposable income for a three-person household in the United States was $52,195, behind Luxembourg ($65,293) and Norway ($57,031). (The income numbers were adjusted for differences in the cost of living across countries.)


Another source on this question is the Organization for Economic Cooperation and Development (OECD), a consortium of about three dozen member countries that share internationally comparable data.
According to 2016 data used by the OECD, the United States had the fourth-largest median income among OECD countries.
OECD’s analysis on the middle class found that the share of people in the U.S. middle-income class — just over 50% — is much smaller than in most OECD countries. OECD defined middle class as 75-200 percent of median income.


Janet C. Gornick, a professor at the CUNY Graduate Center and director of the US Office of LIS, said that the middle class — defined as non-elderly households with income between half and twice the median income — has hollowed out in several industrialized countries including the United States since the 1980s.
When the middle class hollows out, the public can lose investments in public institutions and infrastructure such as schools, subways and even the electrical grid. The affluent can afford to send their children to private schools, hire private drivers or even use generators during power outages.
"If the middle class becomes very small as there are fewer of them it is very threatening to the function of democracy," Gornick said.

 

PBS - There’s less middle in the middle class as income inequality grows...

 

 

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