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Originally Posted by Eric5273
1. What is wrong is that an increasing number of Americans are "underemployed", meaning they are college educated professionals working at low wage part-time jobs and such. They are not considered "unemployed" by government statistics.
2. What is wrong is that an increasing number of Americans are living below the poverty line including about 13% of all Americans and over 20% of all American children. The poverty line is $18k per year for a family of 4, or $12k for a single person. So if you and your wife have a combined gross income of $20k per year ($384 per week before taxes) and you have 2 kids, you are not considered to be living in poverty and your kids are better off than 20% of American kids.
3. What is wrong is that over 45 million Americans have no heath insurance.
4. What is wrong is that fewer than 25% of Americans own any stocks or have anything vested in that 12000 DJIA.
5. What is wrong is that there is a continous increase in the divide between the wealthy and the poor and the middle class is slowly disappearing in this country.
As we are on an BMW X5 message board here, most of us are upper middle-class or above. So maybe you do not care about all of this as it does not personally affect you. But as you saw yesterday at the polls, may Americans are very upset as things are not doing so great for them.
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1. If you are a college educated person then you have the ability to learn and move up from your part-time low wage job. Its not the govt's responsiblity to provide higher paying jobs.
2. Its not the govt's responsiblity to provide higher paying jobs. Yes it sucks to be poor, but there are always ways to increase your income.
3. Health care is expensive, but how do you propose that we pay for 45 million people's health insurance?
4. There are more people who are tied in the stock market than you think. 401k ring a bell?
5. The middle class will always be around. We have not reached the class division like what Mexico, India, etc has. When we do expect a bloody revolt.