Sunday 29 December 2013

Impoverish​ing the Middle Class....................from Rico

Remember Joe the Plumber? He understood exactly what the socialist "spread the wealth around" crap REALLY meant. - That is why he was bureaucratically bullied, audited, abused, and made to STFU by the apparatchiks. Six years ago...before the annual 'in-your-face' Hawaiian Vacations became a holiday tradition of the Red Shed...the median net worth of the Middle Class was $120,000. - Today it is $66,000, having dropped 45%. That's before 1/3 of earnings is taken by Federal-State-Local taxes and 'fees.' Thanks to ObamaCare, now their health insurance is 'gone' or going to be gone, and another 15% of annual income will be needed to replace it. - But as the Supremes said, it's a tax so it's OK. Then there is the not insignificant matter of wealth cnfiscaton by inflation and lower purchasing power. - The inflation that isn't 'officially' there has eaten about 30% of the Dollar's worth over the last ten years...or roughly 3% per year for six years,,,so ~18%. Figuring out the math yet? The system of 'fundamental transformation' isn't working for the benefit ofthe Middle Class, but to its detriment. - The Middle Class is sinking beneath the financial waves as a matter of intentional policy, and the latest (and ongoing) 'funeral selfie' is of Middle Class Americans who are already in the hole...Requiem Im Pacem.

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