This Left Me Speechless

14 comments

  1. I have to also consider the variables that are not taken into consideration here. Such as, spending priority decisions in homes as the income goes down. When I see people smoking and drinking (or worse) their paychecks away but send their children to school without clean clothes, it’s hard for me to abide by a graph like the above. This illustration says nothing about work ethic, financial legacies, and personal budget priorities. Just looking at the other side of the argument…..

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    1. Dawn, I hope you participate in the conversations Lilka and I will be having. I think it will be a learning experience for us all.

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  2. Maureen and I recently watched the movie, “The Big Short.” It was a true story about the housing crash of 2008. If this is even remotely how Wall Street thinks, it was pretty disgusting.

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    1. I haven’t watched it yet; will do so this weekend.

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      1. It’s on Netflix.

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      2. Yep, got it on my watch list. Thanks.

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  3. Astounding, isn’t it? Most people have no idea, nor do they understand that our poverty is now starting to resemble a 3 rd world country. At, the food pantry, at the soup kitchen, living in cars are actually working Americans. Employed people with jobs. The cost for food and housing is now exceeding people wages.

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    1. It’s staggering, IB. I knew it was bad; just didn’t know it was this bad.

      I’m a senior on a low, fixed income, and I have nothing left over at the end of the month. An emergency would wipe me out.

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      1. Yep, me too. Paycheck to paycheck. What’s amazing to me is we’re the lucky ones, darn near middle class compared to what some are dealing with.

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      2. You’re right. Praying until and beyond November 8th.

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  4. This is a staggering reality, but how do we fix it? The top 1% also pay about 40% of the tax revenue the country collects, so if we do something to take away that wealth, we lose the tax revenue as well. I don’t like government putting rules on place that limit a persons ability to earn. I’m not sure what a good solution would look like. We hear a lot of talk about taxing the top earners more so we can lift taxes on lower brackets. Maybe that’s part of the answer.

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    1. I’d actually like to see statistics on what those top earners pay in taxes, Pete. I have a feeling it’s not near 40%. Based on what Warren Buffet says, he only pays 14%, and we know Trump has paid far less.

      I would love for us to finally get a flat tax with no loopholes at all. Just one option.

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      1. I would like to see a consumption tax for all. Low earners would get relief, while none for anyone else. This Way We Even collect Taxes from people who deal only in cash

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      2. Good idea! If only we were running!

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