7 thoughts on “Isn’t Every Issue of NYT Magazine “The Money Issue”?”
That article on the death of the middle class as a political concept was depressing as fuck.
As for the one on Obama and the economy, I'm guessing a lot of that will make it into his speech at the DNC in Philadelphia. Looking forward to that already!
In 1913 T.H.C. Stevenson flagged the middle class as professional folk, managers, & civil servants. A group of folk located between the working stiffs and the Richie Rich class. After WWII, the USA, USA, USA and Canadialand enjoyed a major boom, not just in babbies but in seeing factory workers salaries move into middle class levels. Most North Americans seem to forget how much the fact that those two countries' factories and infrastructure had not been blown to bits during the war. After a few decades the bombed into oblivion formerly industrialized countries we able to fix their roads, bridges and factories and start competing again. First with cheap transistor radios and 35mm cameras, then stereos, then cars. While that was happening paycheck of the North American working 'middle class' started sliding back to their early 20th Century position on the totem pole.
To further aggravate that working middle class slide, the Richie Riches, and almost Richie Riches started whinging about taxes. In 1948, the year this now olde Babby Boomer was born the maximum tax rate was 91%. Yep, ninety-freakin'-one percent. In 1958, when I stated my second decade, it was still 91%, Following along in decade jumps: 1968 @ 70%; 1978 @ 70%; 1988 (Ronald freaking Raygun's last year) @ 28%; 1998 (middle of Bubba Clinton's second term) @ 39.6%; 2008 @ 35%; and now 39.6%.
Although beloved Hillz is gonna take the D'Rat nomination, I'd hope she'll take to heart one of Bernie's tenants that the kids of today should get the same breaks we boomer oldes had when we were kids. When I entered college it was $87/semester at the University of Illinois. That's $639.43 in today's Ameros. And that is where it should be if the legislatures and Congress Critters had any huevos at all. A college degree should drop a Seattle mortgage on the heads of twenty-somethings as the leave school. For those in the professions who are successful, the gooberment needs to reach deeper into those pockets deeper like it did during the Happy Days era. For those who graduate in still very much needed degrees, but ones that typically don't win the paycheck lottery, reach in just some. For those in the trades, reach in just a bit, while for those struggling, the government should put some in their pockets. For the government cash give and take it should be each according to their means and each according to their needs.
That super-high tax rate was a remnant from the WW II days when (believe it or not, you Youngs) it was thought to be unpatriotic to make large profits from the death, injury and destruction that come with war. Thank goodness we've overcome that prejudice.
That article on the death of the middle class as a political concept was depressing as fuck.
As for the one on Obama and the economy, I'm guessing a lot of that will make it into his speech at the DNC in Philadelphia. Looking forward to that already!
In 1913 T.H.C. Stevenson flagged the middle class as professional folk, managers, & civil servants. A group of folk located between the working stiffs and the Richie Rich class. After WWII, the USA, USA, USA and Canadialand enjoyed a major boom, not just in babbies but in seeing factory workers salaries move into middle class levels. Most North Americans seem to forget how much the fact that those two countries' factories and infrastructure had not been blown to bits during the war. After a few decades the bombed into oblivion formerly industrialized countries we able to fix their roads, bridges and factories and start competing again. First with cheap transistor radios and 35mm cameras, then stereos, then cars. While that was happening paycheck of the North American working 'middle class' started sliding back to their early 20th Century position on the totem pole.
To further aggravate that working middle class slide, the Richie Riches, and almost Richie Riches started whinging about taxes. In 1948, the year this now olde Babby Boomer was born the maximum tax rate was 91%. Yep, ninety-freakin'-one percent. In 1958, when I stated my second decade, it was still 91%, Following along in decade jumps: 1968 @ 70%; 1978 @ 70%; 1988 (Ronald freaking Raygun's last year) @ 28%; 1998 (middle of Bubba Clinton's second term) @ 39.6%; 2008 @ 35%; and now 39.6%.
Although beloved Hillz is gonna take the D'Rat nomination, I'd hope she'll take to heart one of Bernie's tenants that the kids of today should get the same breaks we boomer oldes had when we were kids. When I entered college it was $87/semester at the University of Illinois. That's $639.43 in today's Ameros. And that is where it should be if the legislatures and Congress Critters had any huevos at all. A college degree should drop a Seattle mortgage on the heads of twenty-somethings as the leave school. For those in the professions who are successful, the gooberment needs to reach deeper into those pockets deeper like it did during the Happy Days era. For those who graduate in still very much needed degrees, but ones that typically don't win the paycheck lottery, reach in just some. For those in the trades, reach in just a bit, while for those struggling, the government should put some in their pockets. For the government cash give and take it should be each according to their means and each according to their needs.
That super-high tax rate was a remnant from the WW II days when (believe it or not, you Youngs) it was thought to be unpatriotic to make large profits from the death, injury and destruction that come with war. Thank goodness we've overcome that prejudice.
But it is May Day.
Sincerely,
Comrade weejee
The Magnificent Ambersons by Booth Tarkington
http://www.gutenberg.org/ebooks/8867
| M’aidez! |
Public schools, roads, bridges, sewers all going in the tank, but too high tax rates is not why.
Regards your pony, you'll also need one of these.
<img src="https://www.derbygifts.com/wp-content/uploads/2016/02/IMG_1039-Green-shovel-768×1024.jpg" width="300">