What made the big disparity in wealth?

Half Of Recent College Graduates Lack Full-Time Job, Study Says
www.huffingtonpost.com/2012/05/10/college...jobs-study_n... Cached
"It's just hard to share that with people without feeling pathetic," Whitecotton said. ... Entry Level Jobs & Internships for College Students and Graduates.

 

You just proved what I've been telling you. Even college grads barely making end meets in this economy yet you want a high school grad and a college grad to be in the same earning bracket. It's comedy gold.

 

This statement couldnt be more incorrect. While marginal tax rates were very high on the upper end, effective tax rates were DRASTICALLY lower versus marginal because the amount of loopholes that existed then far outweigh what exists today. This isnt a gray area where intelligent minds can disagree.

 

No. It's you who does not have a clue.

Many foreign enterprises are employing millions of American across the country. Buying a foreign brand goods or services that made and supported by the American is no difference than buying American brand made in the USA.

As far as I'm concerned, McDonalds and Burger Kings have yet to sell any Chinese burgers so I will continue to eat at those food chains occasionally regardless what you think. Low paying job is still a job. Keep that in mind.

 

Heh? Most people aren't just "high school grads" they have other forms of tertiary education, like an apprenticeship.

 

Of course. Bill Gates, Steve Jobs, and Mark Zuckerberg are college dropouts yet they're billionaires and they're employing millions of American.

The point is, if you want to change your life, start with you first. Marine1, however, love to point his finger at other American for the failure of another American. It's pathetic.

 

I will buy a foreign brand made here if I can not find an American brand of equal quality. But I won't buy a foreign band made out of the country unless I have no choice. You create jobs by buying what we make here and if more people did, we would have less college kids graduating without jobs, or working at Burger King strapped with a $50,000.00 loan they can't pay.

Your wrong that buying foreign made here is the same as buying American brand made here. Much of the profit from a foreign brand made here goes back to that country and creats jobs for them, not Americans. You have a lot to learn sir.

 

That's your option.

Majority of the consumers, however, continue to make purchasing decisions based on price and quality of the good and services regardless where they came from. In case you haven't noticed, most of high tech medical equipments made and imported to the US by GE China. The next time when your doctor sends to any medical test, just make sure you protest that demand that you can only be tested by USA made med equipment heh?

 

I haven't pointed out any failure. You sir want to make it seem like if a guy works with his hands and only makes $15.00-$25.00 an hour is a failure. That he can't be Middle Class. It's not as much how much you make, but how well you manage it and how well you can live on what you make that makes the Middle Class.

 

Why would I care what they do with their money? Are you actually anti foreigner now?

Thank you for showing everyone your TRUE color.

 

Your wrong that buying foreign made here is the same as buying American brand made here. Much of the profit from a foreign brand made here goes back to that country and creats jobs for them, not Americans. You have a lot to learn sir.

 

Yeah....and what is your middle class definition? An Maytag assembly line worker who only knows how to use one simple electronic tool to tighten the screws for 8 hours a day?......Okay.

 

I couldn't care less. They can do whatever they want with the money they make.

American enterprises are making and parking trillions of profit from overseas market in offshore accounts.

The reason USA companies don't want to bring that profit back in the US because they'll be taxed at 35% on every dollar.

Now, you can blame your stupid government for the stupid tax law.

Want to talk about tax? Feel free to create a new thread, I'll be glad to offer you a free education about tax law.

 

No sir, I am pro American, can't you tell? I'll show you how profit goes back to create jobs in their country instead of staying here and creating more American jobs. Fiat is hurting bad and now Chrysler is bailing out Fiat. Creating jobs in Italy instead of using that profit here to build new models and plants in America.


The Chrysler -Fiat reversal of Fortune - May. 2, 2013 - CNN Money



money.cnn.com/2013/05/02/autos/chrysler-fiat-finances... Cached

It wasn't too long ago that Fiat got Chrysler back on the road. ... the whole notion of American dollars bailing out an Italian company rankles some.

 

And therin lies the problem. Everyone wants to evade taxes...

 

It is middle class. Skilled laborers are in high demand these days. My city alone is looking for thousands of welders.

The point I do agree with is that a college degree gives you a lot of transferable skills, where as a skilled trade apprenticeship traps you into being one thing.

My degree is in engineering but I do commercial real estate tax assessments for a living.

 

I think sir I have put much of the blame of this economy and jobs on the government. Where have you been?

 

You have absolute zero understanding about global economy. It makes economic sense for automakers to produce cars locally due to cost efficiency. If it cheaper to make car in Italy and sell them there then so be it. And Chrysler and GM also have plants in China and Mexico, I'm talking about companies that use taxpayers money to actively expand their operations beyond the US borders.

Just stop already. Your hypocrisy is hitting a new low.

 

Yes it does, I totally agree. But many people like myself aren't college degree material. But if you can make it on an assembly line or a trade and make a decent living, what is wrong with that? Aren't you still Middle Class?

 

You're blaming everyone except you...

Here is a list of who you blame:

1- Japanese
2- Korean
3- Chinese
4- Canadian
5- Mexican
6- American who buys imported goods
7- The US Government.

Apparently, you're running out of who to blame next. Here is my suggestion:

The eight would be....Hummm....let me think...

8- Sponge Bob
9- Dora The Explorer
10 - Curious George.

Sound about right?

 

Sorry sir, but when you tell me that buying a foreign owned product made here is no different than buying an American owned product made here, obviously you don't understand. It's not the same when billions of profit leave this country and you should know that. You just complained of American companies parking their foreign made profit off shore and not bringing it back to help create jobs here. Your back and forth like a washing machine.

 

What has work skill to do with it? It is how well he performs the task with his skills that he does. So if that is the extent of his knowledge it doesn't matter, anymore than what religion he is. Consider the limited skills of a diamond cutter busting up rocks with simple tools. Or high rise window washer using a squeegee.

 

Nothing is wrong with that. Yes, you are still Middle Class. The only negative is you are more susceptible to a faltering demand for your trade.

 

I do tax for a couple of guys who owns car repair shops. I can tell you they can easily make a quarter of million bucks a year after all deductions and tax liability.

Being an assembly line worker is no longer a demand. If they don't want to learn new trade skill then it's up to them.

 

If your government amend corporate tax rate, I'm sure those companies would be bringing those profit back in the US and distribute them to the shareholders in a form of dividend it will boost spending locally and it would certainly create more jobs. The fact is they want to tax those overseas profit at a ridiculous 35% rate on every dollar, that's the reason why US companies decide to park their profit in offshore accounts.

Maybe instead of spewing your anti-foreigner rants 24/7, you can devote your effort by reaching out to your representative at your district to make a tax rate more favorable to corporate American to compete with foreigners. That's a suggestion.