We have different numbers for what 50% is thee. I'm getting $33,000 which is median individual income. Average is probably skewed much higher with top income earners exponentially making more.
It's gross income of <= 41K, so median of 33K sounds balanced. The point is, they're not paying 30% taxes. I pay less than that and I'm definitely part of the top 50%.
By the early 1980’s there were already pressures on women to work outside the home for financial reasons and it has accelerated since then. My wife doesn’t work outside the home, she quit being a doctor but it was her choice. If I didn’t have the job I have, she would have to work. I know quite a few families that are viewed as financially strong and it is only because both parents have good jobs. My wife also knows a number of women that want to stay home but cannot because of finances.
Yeah, my effective tax rate is in the twenties and make multiples of the average income. Get a hefty tax break after 137K.
I didn’t read much of this thread. Is Biden really proposing getting rid of Student Loans? I have not heard or seen this anywhere else.
In large part they did make enough to support their families without their wives working. That is no longer the case.
Every person working full time should be able to have a home or apartment. There are a number of societal reasons for it.
Have the cojones to approve communal living and economic homes. Mobile homes are very popular and can be made into permanent options for those on a budget. THe issue here is your concept of home/apartment.
Smart decision making and merit intimidate the far left, that's all there is to it. They don't want to take accountability, they just want constant handouts and in a competitive nation like America that is self destructive.
Id rather redo the education system . If it's just chruning out sheep to be a part of the problem , and those who don't make it sit on the internet and complain or protest criminal repercussions all day, school is the issue here not the cost. People need to learn how to think. Once we get to that point we can talk about debt forgiveness or at the very least rewarding those who did aggressively pay back debt like a spinal surgeon who lived well below his means while saving lives making 400k to do the right thing. education, like pvt prison, is very much a for profit business
There were far more single income earners in households 40 years ago than today. This is do to increased coats in housing, education and healthcare.
It's not a bad thing to be married or have a roommate. You make it seem like it's hell. It is not. People go through a lot worse. Seems to me you think these societal reasons outweigh the reasons this is handled on a local level. Share those reasons instead of pushing the US federal government to help people get their own housing through subsidies.
You've not once discussed the trend. How long can this negative trend of homeownership affordability and household debt last before social unrest breaks a precipice? When it was easy for a single income earner with a high school education in the 50s to have a mortgage and own a car while having a stay at home parent, yes modern millennials have a right to complain. That near impossible today. In the 50s and 60s it was so possible and prevelant, it literally created the modern white suburban middle class.
To the hardest hit areas of opioid addiction where no jobs are available that fit my education? So how long do these trends last where politicians just kick the can down the road where there is a breaking point? Do you want a Bernie Revolution or a Bolshevik Revolution? Because ignoring the trends is going to get you the latter. You are already seeing a nation that is used to sporadic riots and social unrest.
So your only option is to move to s drug-addled part of town with no economic prospects? That sounds like a "you" problem, not necessarily a societal problem. Armed mass protestors? Is that your concern? If so, you have nothing to worry about.
Rural communties have been hit by far the hardest with the opioid epedimic. For a liberal coastal elite it seems like I'm more in touch with the horrible issues that rural America is facing. I guess Mitch and the GOP doesn't like addressing problems in states like Kentucky.
So how long do you think the trend of increased housing costs, increased education costs and increased healthcare costs greatly outpacing wage increases lasts before the trend causes violent Revolution? You think Cubans and Russians revolted for the fun of it? No it was through decades of the working class in those countries being stepped on to the point they wanted to imprison and excecute property owners. You want to reach that point because the current economic trends are getting us to that point.
I can only speak for Houston, but if you're willing to commute an hour to work, you can find affordable housing in the suburbs (albeit with questionable school districts).
