Wonder Gem rdmcandie wrote:
The thing is giving the middle class a break for a bit, dunno where you learned economics but a nation is only as strong as the middle class is economically, considering the majority of a nation is usually middle class. IE. they are the ones who lose more jobs, lose more houses stop spending the most money. It goes without saying doing anything to spur them back to spendy spendy happy times is good. This includes a false sense of equalization to the higher tax brackets.
I haven't seen any graphs on this for over a year, but in the fairly recent past I've seen graphs showing that America's Bell Curve of wealth distribution had seriously flattened out, even well before the GFC. It's more like you've got one third of your population very very poor, one third middle class, and one third wealthy. Great for all the middle class who had gotten into the technically wealthy bracket (most of whom probably don't
feel wealthy). Not so good for all the middle class who had fallen back into poverty.
I'd be interested in seeing some graphs since the ongoing GFC. Google some now? Nah, time for House.
Edited, Oct 20th 2010 10:11am by Aripyanfar