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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (320168)	1/11/2007 9:24:07 PM
From: tejek	Read Replies (1) \| Respond to of 1574356

Never once has my issue been that the middle class was disappearing. My position always has been that the rich are getting richer at the expense of the middle class. Henderson (or Reynolds who Henderson quoted) was arguing that the middle class wasn't disappearing. If your going to debunk him (as you claimed you did) you would have to show that it was disappearing (or at the very least that his data and arguments to show it was not are false). No I don't. The "disappearing middle class" argument is the right's strawman answer to the statement: the rich are getting richer at the expense of the middle class. Do you really think we are not as smart as you all and can't see through your deflections? The issue has been and continues to be that the rich are getting richer at the expense of the middle class. The middle class may eventually disappear if this trend continues but that's not the issue at this point.......at least not for me. As for the rich getting richer at the expense of the middle class that is shown to be false by the fact that 1 - The middle class has also gotten wealthier over the years, 2 - Quite a few of the rich are former middle class, and most importantly 3 - Generating new wealth isn't getting rich at the expense of anyone. So the richer getting richer faster than the middle class doesn't equal the rich getting richer at the expense of the middle class. And as I keep pointing out to you is that divergence between the rate of change for the incomes of the upper classes and incomes of the lower classes is significant. From 1979, the lowest class saw an increase of 8% in its income; the middle class 15% and the upper class a whopping 54%: dev.siliconinvestor.com The irony is the lower classes are starting from a smaller base. But even the rich getting richer faster then the middle class is not something that is solidly established. What is wrong with you? The facts are staring you in the face.