How can the economy recover without a strong middle class to drive recovery?
Posted by admin in Finance Wednesday, 7 September 2011 21:20 8 Comments
The middle class is what makes business go. It is what goes shopping and spends its disposable income in massive amounts of numbers. How is this consumer based economy supposed to move forward if its primary consumers are struggling to just pay bills or straight up losing their jobs and property.
That’s easy. Just don’t tax the rich and cut all public services and everything will be pie in the sky, bye and bye. That’s what the Tea Party keeps telling us. Don’t you trust them?
You are right so we all should vote Republican and get this thing back on track.
yes well more and more middle class lowlifes are getting on welfare. there goes the strong middle class…
It can’t. Republicans know that. That’s why they continue to give the wealthy tax breaks while taxing the hell out of the middle class. Why are they doing this? Because they simply do not care about the country.
Hobbit is right. If we tax the wealthy, they don’t buy as much stuff that the middle class workers build (airplanes, limousines, boats, etc.).
Well yeah we also can’t grow economy by having huge trade deficits with every country in the world. We also can’t grow our economy by out sourcing every job we have to Mexico China and every other developing country in the world. Could you answer my question.
http://answers.yahoo.com/question/index?qid=20110719101401AAmm17e
It can’t.
As the majority of the tax burden falls on the middle class, the recovery is slow secondary to all the jobs being exported by the corporations to countries like China, India, and Bangladesh. Free trade agreements hurt the United States. This makes it cheaper for corporations to produce their goods abroad and have them shipped back to sell. This is the fault of our government. To answer your question though, our economy will either not recover or will recover painfully slowly because the middle class who shouldered the majority of the tax burden just aren’t there to spend and pay taxes. It is hard to squeeze blood out of a turnip. The corporations are making off like bandits though. Selling cheap goods built at slave labor prices. This also shows you we are not paying the true price for goods sold in the United States.