No, Alexandria, that’s Upper Middle Earthhttps://twitter.com/DailyCaller/status/1026894121863139328 …
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The reason so many Americans can't cover a $400 emergency isn't because they don't make enough money, it's because they've racked up way too much debt. I count myself in this as well but I'm quickly working my way out of it.
Certainly. Debt is the main reason the middle class is nearly extinct.
What’s left of the American dream has been financed by middle class debt.
There it is. If @benshapiro had a fraction of the brain he likes to pretend he has, he would atleast acknowledge this, instead of trying to be a twitter comedian (which he's terrible at) at her expense.
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You could give 40% of Americans $1million and after a year they would not have $400 in their account. It has nothing to do with the 08 crash
I don’t disagree with that. But it is not true that the US as a whole has recovered after 08. Wages are stagnant, housing has not recovered outside of metros, the number of people not counted in the labor force is all time high (which is why unemployment # is propaganda) etc..
40% of all Americans? Does that mean you included all minors, babies etc.?
So then how do one decide whom to exclude?
If you don’t have $400 you aren’t “middle class” much less upper-middle class. Who does she think is paying the taxes. The top 20% incomes pay 80% of the taxes. The upper-middle class would be part of the top 20%. Plus wages are finally increasing for the 1st time in decades.
That is not accurate. You can live paycheck to paycheck with a middle class income. It's easy to accumulate debt. Take college students, what good is starting out at $60k per year if you have to pay $1300/month in student loans plus living expenses.
The discussion was the “upper” middle class is disappearing. Yes some middle class wage earners are highly in debt and living above their means. The biggest reason people with jobs aren’t making it is they are way over taxed (income, property, state, local, sales all add up).
How many properties do you own?
How many properties do I own? Are we playing monopoly? Are you inferring we aren’t over taxed? Hey you can always pay more than you legally owe in taxes if you want. Socialism doesn’t produce wealth or prosperity it only takes it from others & gives to non-producers.
Not looking to offend you friend. Just wondering because you are from CA. My state has high taxes as well.. you mentioned taxing and I know I'm taking a beating on write offs with the new tax law. I pay more at end of year so corporations can have their loop holes....socialism.
Not offended. Yes I’m in a high state tax. Because not even one Dem believes we should keep more of what we legally make - the tax cuts had to be done under reconciliation (only a simple majority in the Senate us needed). But why shouldn’t Corps keep more of THEIR $?
If she not right what is consider to be upper middle class
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