How to increase the gap between the wealthy and the middle class and poor.

Parent Cafe
41

<p>And we now have more older people at the top of their earning and wealth, duh. Baby Boom–remember all those extra classes our schools had to add in the fifties and 60’s. Now we are older and mostly richer and many of us who started more humble are far richer than our hardworking less educated parents were. There is little nefarious plotting behind it all. Meanwhile the poor uneducated still manage to repopulate themselves at higher rates than the upper quartile keeping a large number near the lower quartile–not to mention all the illegals which were relatively rare when we were kids. It’s much more about demographics than unfairness. And lots of tech lotto winners.</p>

42

<p>The “cynical attack words” refers to #36.</p>

<p>If we reread the original posting, it is trying to give a impression that other than the very rich, the real income is shrinking. To accept that there is actually income growth is quite a retreat.</p>

<p>The 2005 income to be in the 1st quintile is under $20000, so they are not exactly filled with starting professional.</p>

43

<p>Regardless of how little we tax corporations, they are still going to ship those jobs over seas because no taxes is a miniscule portion of what they save by doing so. </p>

<p>This country needs new education and new jobs, not to chase old ones</p>

44

<p>Amen, brother.</p>

45

<p>Bomgeedad, if you want to read a more meaningful study of economic mobility, try here: <a href=“http://www.economicmobility.org/assets/pdfs/EMP%20American%20Dream%20Report.pdf[/url]”>http://www.economicmobility.org/assets/pdfs/EMP%20American%20Dream%20Report.pdf&lt;/a&gt;&lt;/p&gt;

<p>They actually discuss what “mobility” means, and address the fact that the thirty years from 1974 to 2004 marked the first time that the median income of a 30 year old male had actually gone down. That’s not an artifact of people tending to increase their income over time - it’s s straightforward comparison of the actual prospects the average young man had in one decade compared to a similar young man thirty years later.</p>

46

<p>1.Practice birth control. If you can only afford 2 kids, don’t have three, and don’t whine about it continuously if you do. Adopt orphans in Africa.</p>

<p>2.Work. Don’t spend your day pontificating to children online. They won’t increase your income.</p>

<p>3.Be nice. Unpleasant people are avoided.</p>

<p>4.Stay away from guns.</p>

<p>5.Get a second job.</p>

<p>6.Wait for your inheritence and shut up about your financial problems. Nobody cares. Losers are losers.</p>

47

<p>There is no way in hell to predict what the average 30 year old today will earn lifetime over one 35 years ago. It’s hard to even compare incomes as that involves using adjustments that are very suspect. I was 24 in 1974 and the economy sucked way worse than today. That’s what I know to be true. And hardly anyone is actually average. There are more opportunities for the smart and fewer for the HS grads who want to go work in the plant. True. With all us boomers retiring soon there are great opportunities coming for college grads. So don’t be a dumbass and go to college. That’s my cure to the “problem”.</p>