Personal Income grew by 80% but comsumer prices increased by 350%.

Current Events » in reply to re: middle class getting poorer?

Personal Income grew by 80% but comsumer prices increased by 350%.

RobVG — 8/1/2009 9:58:14 PM (archived)

If you look at the CPI market basket (if you can find it) it's fairly clear that Inflation is a regressive tax levied by economic forces.

Doesn't look to me like the middle class is doing to good.

?

The whole thread (34 posts)

Who's paying the Federal income taxes - TB - 7/31/2009 2:10:36 PM
- The Rich STILL Pay at a Lower Rate than the Rest of Us. - David F Mayer - 8/2/2009 1:22:33 PM
- My uncle makes $144,000.00 gross/year... - Jody - 8/2/2009 12:53:55 AM
  - I gross considerably less than your uncle does... - ER - 8/2/2009 4:59:09 PM
    - We used to define "national wealth" differently. (n/t) - TB - 8/2/2009 5:57:58 PM
      - No, TB, you and I have always defined "national wealth" differently. (n/t) - ER - 8/2/2009 6:23:19 PM
- Luke 12:48 - Bowser - 8/1/2009 8:30:36 PM
  - re: Luke 12 - TB - 8/1/2009 8:49:11 PM
- The right way to look at this.... - dtb - 7/31/2009 8:08:47 PM
  - re: The right way to look at this - TB - 7/31/2009 8:32:23 PM
    - re: The right way to look at this - dtb - 7/31/2009 9:10:08 PM
      - So let me get this straight... - TB - 7/31/2009 9:41:26 PM
        
        re: So let me get this straight... - dtb - 8/1/2009 12:21:26 AM
        
        Taxes - TB - 8/1/2009 2:46:47 AM
        
        A 90% tax on income? - Lee - 8/1/2009 12:52:32 PM
        
        It's complicated - TB - 8/1/2009 1:43:51 PM
- Oh what tangled webs we weave... - Robert - 7/31/2009 5:47:23 PM
  - Statistical shenanigans. - RobVG - 8/1/2009 9:43:50 PM
    - re: Statistical shenanigans. - TB - 8/1/2009 10:43:13 PM
  - I forgot. For you, this was good news. (n/t) - TB - 7/31/2009 6:20:46 PM
    - No, the rich getting richer and the middle class getting poorer, is not good news. (n/t) - Robert - 7/31/2009 7:46:22 PM
      - re: middle class getting poorer? - TB - 7/31/2009 7:56:25 PM
        
        Personal Income grew by 80% but comsumer prices increased by 350%. - RobVG - 8/1/2009 9:58:14 PM
        
        The numbers in that source were adjusted for inflation (n/t) - TB - 8/1/2009 10:31:32 PM
        
        Yeah but... - RobVG - 8/2/2009 12:53:49 AM
        
        re: Yeah but... - TB - 8/2/2009 3:22:49 AM
        
        re: Yeah but... - RobVG - 8/2/2009 6:32:07 PM
        
        Whatever a 26 percent increase is, it isn't "getting poorer." (n/t) - TB - 8/2/2009 8:38:01 PM
        
        Sorry, only 250% incease in prices. (n/t) - RobVG - 8/1/2009 10:17:51 PM
        
        Link to original paper - TB - 7/31/2009 8:02:06 PM
- Please cite the source of reproduced material. (n/t) - RobertS - 7/31/2009 5:39:54 PM
  - I did. I always do. - TB - 7/31/2009 6:12:56 PM
    - re: I did. I always do. - RobertS - 7/31/2009 7:44:10 PM
      - I'm not following you. - TB - 7/31/2009 7:47:46 PM

Recent posts

On this day in Current Events

The whole thread (34 posts)