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IamSam
12-15-2009, 04:08 PM
I believe that the middle class in the United States will be nonexistent within the next 25 years leaving only the poor and the wealthy. I believe that 25 years after that, 50 years from now, massive rioting of the poor will take place. (This is all if how this country is run stays the same.)


Agree? Disagree? Have a different year total?

Al Coholic
12-15-2009, 04:13 PM
Nonexistent is a stretch. A lower standard of living that degrades with time is possible. On a world market, our standard of living won't hold up with time. The rich will still be rich, and the poor will be more in number. However, I think there's enough infastracture and homeowners that while the middle class will widdle down, they won't dissapear.

IamSam
12-15-2009, 04:21 PM
Nonexistent is a stretch. A lower standard of living that degrades with time is possible. On a world market, our standard of living won't hold up with time. The rich will still be rich, and the poor will be more in number. However, I think there's enough infastracture and homeowners that while the middle class will widdle down, they won't dissapear.

I'll agree to that. Although, what if the middle class is born from the lower upper class?

Jebus
12-15-2009, 04:38 PM
I believe that the middle class in the United States will be nonexistent within the next 25 years leaving only the poor and the wealthy.
Nah, the upper class has to give some concessions to middle class in order to have just enough support to continue their dominant rule. Otherwise, they wouldn't have enough votes. That's how it has always worked since the revolution.

Al Coholic
12-15-2009, 04:53 PM
You mean I'll get a temporary 1% income tax break if I vote for the guy that'll cut medicare and medicaide and food stamps and unemployment and federal school funding and corporate taxes and capital gains taxes and give high income taxes three times the break I get??? Cause dude, that's like 300 bucks! Fucking SIGN-ME-UP.

Al Coholic
12-15-2009, 04:54 PM
Wooooooo gas tax holiday!!! I know who's looking out for the little guy.

wheelchairman
12-17-2009, 04:08 PM
I would have to disagree. If we (I believe this refers to the US only) maintain the exact same economic policy, we'd only have a problem 50 years from now? That's awesome.

Marxists generally believe that the middle class will disappear due to an ongoing spiral of financial crises (each one being worse than the last.)

I'm not entirely sure about that. 'Capitalism' as an economic model is extremely adaptable, I do believe that it will recover, unless there are some extreme and unpredictable circumstances happen.

The existance of a middle class is a fairly new occurence, which I would believe started in the US. And the term 'middle class' is entirely relative to its surrounding classes, the 'working class', the ethnic minorities etc. I believe will always be poorer. The upper echelons will always be richer (per definition).

But impossible to predict.

DMelges
12-17-2009, 04:15 PM
I think 25-50 years from now there will be a new definition for 'middle class'. It won't dissapear, it will only evolve into a higher standard. There will definitely be more poberty, but that's only because the middle class will change. The rich today will be even richer.

phillip Nielson
12-19-2009, 01:31 PM
So my parents are middle class and if they claim me they acctully get taxed more even tho it should be the opposite cuz if they claim me they make themselfs middle class so I claim myself witch is perfectly legal and I don't get taxed as much cuz I work only part time and my parents don't get taxed that much cuz they are now upperclass and the gov it trying to eliminate the middle class

dexter12296566
12-19-2009, 02:55 PM
I actually agree. The middle is always the first to go!

Al Coholic
12-19-2009, 03:14 PM
I think 25-50 years from now there will be a new definition for 'middle class'. It won't dissapear, it will only evolve into a higher standard. There will definitely be more poberty, but that's only because the middle class will change. The rich today will be even richer.

What do you call the state of a pubescent teen with no money?

dexter12296566
12-19-2009, 03:19 PM
^ You should be nicer. It is just a typo!

IamSam
01-02-2010, 11:39 AM
Bump! Along the lines of the US crumbling under its own mass, I found this quote and wondered what people thought about it:


"Under a democratical government, the citizens exercise the powers of sovereignty; and those powers will be first abused and afterwards lost if they are committed to an unwieldy multitude."-Edward Gibbon

Jesus
01-15-2010, 10:14 AM
Heh, can't believe I missed this thread! Here are some interesting graphs:

http://img264.imageshack.us/img264/4677/medianwages.jpg (http://img264.imageshack.us/i/medianwages.jpg/)

You can see how median household income is stagnating from around 1999

http://img99.imageshack.us/img99/4474/borrowing.jpg (http://img99.imageshack.us/i/borrowing.jpg/)

Look at what time household debt starts exploding, odd isn't it... Now who has taken on the most debt?

http://img340.imageshack.us/img340/6535/debttoincome.jpg (http://img340.imageshack.us/i/debttoincome.jpg/)

Surprise surprise it's the middle class.