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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (158311)	10/19/2008 2:24:25 PM
From: ahhaha	Read Replies (1) \| Respond to of 306849

The guy said, FICA taxes went up as a percentage of total taxes, Is that true? decimating the real income of the lower and middle classes Does that follow by any stretch of exaggeration? acting to drop their share of total income. Wouldn't this imply falling DPI? Is that the case? It's what caused this mess - the top cohort had more income than they knew what do with, even after buying 2nd and 3rd houses and big yachts, so they pushed intermediaries to loan it out to anyone with a pulse. If the above had any truth to it, would this follow? Or is it only incoherent non sequitur self deception?