Trickle down economics and the airlines

[Smacktard]

Are you really that stupid? Do an internet search on the middle class dissappearing and you'll get articles and data up the ying yang. Don't forget the top 1% used to pay an income tax of 70%, now it is less than 30%. Say you're someone like my grandfather that makes millions a year, if you're taxed at 70% you still have over a million left over. That's hardly making things equal(communist=bad). He doesn't pay 70% though, in fact with all the tax breaks from the 80's change in tax codes he pays about 10%. I've got news for you, the wealthy love you're ignorance. Can you say, "Baaaahhhhh"?

Classic response. Too bad you are the victim here, falling for the DNC talking point about the rich getting richer off the backs of the poor and middle class. There is a widening 'disparity' of income, but not for the reasons your ascribe to. Here, I'll quote from a study linked to below " On the one hand, it is natural and even important for market economies to experience changes in their income distributions over time as the inevitable consequence of competitive market forces. In fact, depending on the circumstances, they need not be inconsistent with healthy overall economic performance" The study, and all of the ones similar to it, refer to 3 main reasons this happens in any healthy society; changes to domestic labor market, global competition and the ability of the labor force to keep pace with technological advancement. Funny, none of the studies come to the conclusion that evil greedy CEOs are the cause of this inequality.

But here's the big point that you are also missing. The only people left behind are those that get 'mired' in the low end because of their inability to learn and advance. What the rest of the links show below is that a majority of earners in every bracket over the last 60 years have all experience upward mobility between income brackets. That is a better indication of wealth and the creation of wealth.

Here are some raw numbers, you read thru them and tell me what the conclusion is;
Controlling for inflation, in 1967, 8 percent of households had an annual income of $75,000 and up; in 2003, more than 26 percent did.
In 1967, 17 percent of households had a $50,000 to $75,000 income; in 2003, it was 18 percent.
In 1967, 22 percent of households were in the $35,000 to $50,000 income group; by 2003, it had fallen to 15 percent.
During the same period, the $15,000 to $35,000 category fell from 31 percent to 25 percent, and the under $15,000 category fell from 21 percent to 16 percent.
I would think the logical conclusion is that the middle class moved up. You tell me.

Next subject, that's a great story about your grandpappy there, too bad the example you used contradicts the point you're trying to make.

In 1980 with a tax rate of 70% the wealthiest 5% paid 37% of the total tax revenue. With a rate now of 35%, the wealthiest 5% pay 60% of the total tax revenue. If you need a link, just google Georgia Public Policy Foundation. So, with the top 5% paying a larger percentage of tax revenue, tell me how that makes the middle class smaller?

Please note, the sources for all of these links are below are government sources, not The New York Times or the Democratic National Convetion talking points.

The rich are getting richer, but so are the poor. To make the idiotic claim that the middle class is paying for the rich to get rich ignores the dynamic complexity of wealth in our society.

To end, here is one great quote from one of the links below (it was a study from the 80's thru mid 2006)...

"Median incomes of taxpayers in the sample increased by 24 percent after adjusting for inflation. The real incomes of two-thirds of all taxpayers increased over this period. Further, the median incomes of those initially in the lowest income groups increased more in percentage terms than the median incomes of those in the higher income groups. The median inflation-adjusted incomes of the taxpayers who were in the very highest income groups in 1996 declined by 2005."

http://www.lao.ca.gov/2000/0800_inc_dist/0800_income_distribution.pdf

http://www.whitehouse.gov/cea/lazear20060502.html

http://usinfo.state.gov/products/pubs/market/mktsb8b.htm

http://useu.usmission.gov/Dossiers/Economic_Relations/Nov1307_Treasury_Income_Mobility.asp

http://www.house.gov/jec/middle/mobility/mobility.htm

http://www.treas.gov/offices/tax-policy/library/incomemobilitystudy03-08revise.pdf

http://www.ustreas.gov/press/releases/hp673.htm

Here's one link that is not from the treasury but from one of my slanted, right wing hate mongers...

http://www.gmu.edu/departments/economics/wew/articles/07/IncomeMobility.htm

 

[Rez O. Lewshun]

ahhhh the good ol... you need to work harder and maybe you'll be lucky too....

How many times does an Air Line Pilot need to get furloughed and start over on the recycle program?

Flying for an airline not working out for you? Then retrain for a new career, with new student loans and new first year wages....

Then who flies Jets for US Air Lines in this country? Asians? Mexicans?

If the airline industry is vital to the US economy then why are air line pilots not vital to the economy?