Middle Class Economics

So where do you get the money to allegedly pour into the poor to allegedly make them richer (which hasn’t happened BTW-there are now MORE poor people), rich people.

But in the perfect scenario if the rich are getting poorer and the poor are getting richer who gets squashed in the middle?

The Middle Class. 🙂

The big challenge for President Obama — and for Republicans seeking their own agenda to woo the middle class — is that middle-income economic fortunes are driven mostly by private employers. The government can raise the minimum wage, but it can’t make employers raise wages for workers already making well above that. It can give out targeted tax cuts, but these can’t have large effects on the average family’s income without getting really expensive. It can impose labor regulations, but it cannot overcome the fact that employers are powerful when many workers chase a small number of jobs.

So you can make them pay $15/hr but they can lay off a lot of people to do it. 🙂

Contrary to the Liberal hoary and class warfare battle cry, government does not create private sector jobs.

The White House had a telling spat last month with the Tax Policy Center, a center-left joint venture of the Urban Institute and Brookings Institution that produces estimates of the distributional impacts of tax proposals. Len Burman, the center’s co-director, who was a Treasury official in the Clinton administration, ran the numbers and found the president’s plan produced an average tax cut of just $12 for families in the middle quintile — a surprising result for a plan aimed at the middle class, and one that produced inconvenient headlines.

Inconvenient= Means they didn’t fit the Agenda driven truth. An Inconvenient truth, how ironic. 🙂

Treasury’s own numbers show the average middle-income family would get a tax cut of about $150 under the president’s plan. Whether $12 or $150, the average effects are small — much smaller than the several hundred dollars a typical family is saving this year because of falling gas prices, and much smaller than the raises Americans would get from a tight labor market that induces employers to offer higher wages. (NYT)

So that’s why Obama wants to raise gas prices! 🙂

It’s not just that he hates rich Oil companies in this country (in the middle east he’s just fine). That’s good to know.

“Many people in the middle class will get no benefit from the president’s proposal,” said Roberton Williams, a fellow at the Tax Policy Center. “Among the middle class, it’s targeted at people with kids and second earners. Virtually no single middle class people without kids will get anything.”

Far fewer middle class single and elderly taxpayers would benefit from Obama’s plan.

Only 12.5% of single filers would get a tax cut. Overall, this group would see a $61 increase, because nearly 7% of middle class singles would see their taxes go up and that skews the overall average.

Among the elderly, only 10% would enjoy a dip in their taxes. But because many in this group would be hit with another of the president’s provisions — that would require estates to pay capital gains on appreciated assets — they would pay an additional $152, on average. (CNN)

So you have to be the politically advantageous “middle class” to get any sucar from this government succubus that has spent $8 Trillion in less than 7 years.

But you have to play it like everyone gets it. Like the $2500 reduction in Health Care Costs from Obamacare.

Mind you, the NFL Player making multiple millions a year is not the target. The target is Corporate America. The evil rich people who make jobs for people.

After all, socialism is about the Government largesse not Private Sector largesse.

So you have to be Agenda approved.

In socialism there are only 2 classes, The Elites, and the Poor and they don’t meet. That’s is the Utopia the Democrats want to achieve.

And since Liberals have no capacity intellectually to believe they can ever be wrong about anything, ever, they if they don’t succeed they will just keep trying because it will always be someone elses fault that they didn’t succeed.

Divide and Conquer, eventually. Because they only way they succeed is to destroy all methods that do succeed and leave you with no choice but to d it their way.

And that’s Obama and The Democrats in a nutshell. My ideas can’t succeed but I will prevent any other ideas from even forming.

Orwell would be proud of you, my son.

The Ministry of Truth (even Inconvenient ones) stands ready to defend your right to fail miserably but blame someone for it and make everyone believe it.

Political Cartoons by Glenn Foden

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