Wages are Stagnant as Prices Rise: While wages remain flat, the costs of basic necessities are increasing. The cost of in-state college tuition has grown 35 percent over the past five years. Health care costs have risen four times faster than wages over the past six years. And the personal savings rate is now the lowest it's been since the Great Depression.
A wage is negotiated between employee/employer, there are no guarantees you will even be hired.
A college education is a privilege.
Emergency health care is available to all, providing for the uninsured is part of price increases.
A low savings rate is encouraged by our society, our entire economy is based on consumption. A high savings rate will negatively affect our economy.
Lastly, the blame for inflation lies at the feet of the Federal Reserve and Central Bankers.
Tax Cuts for Wealthy Instead of Middle Class: The Bush tax cuts give those who earn over $1 million dollars a tax cut nearly 160 times greater than that received by middle-income Americans. At the same time, this administration has refused to tackle health care, education and housing in a manner that benefits the middle class.
Payments and refunds work both ways. Those who pay the higher burden are entitled to receive a higher benefit in the other direction. If this idea of class warfare continues, very soon there will be no economy left as all the bright minds will have determined there is no benefit for them to produce anything at all. Interestingly, last June, more penalties were installed in the Expatriation Tax law as if someone was worried that the producing class of this country may desire to shift their wealth elsewhere.