The problem in the world is that we just cannot sustain the standard of living that was enjoyed by our middle class that consisted mainly of our baby boomers. At that time, the world was our oyster, and it was easy to spread the wealth around. But now we have a world with an exploding "middle class" that would be considered poor by our standards, but much better off than they were 20 years ago. I believe that we will have to accept a different definition of what it is to be middle class, and that does not include a car for every driver, a flat screen for every room, and houses many times the size we need. When it is considered to be poor to be making less than 50k for a family of 4, something has gone off kilter.
Oh, and we could take all the money that the top 5 percent have, spread it around, and make no difference to the lifestyles of most of the rest. And dont get me started on the 50 million in America who dont pay any federal tax at all.
Oh, and we could take all the money that the top 5 percent have, spread it around, and make no difference to the lifestyles of most of the rest. And dont get me started on the 50 million in America who dont pay any federal tax at all.