Artwork

Content provided by Ernest Istook. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ernest Istook or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Government shrinks America's middle class

1:02
 
Share
 

Manage episode 154518828 series 1125746
Content provided by Ernest Istook. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ernest Istook or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Honey, they've shrunk the middle class. Upward mobility first requires gaining a middle class income, on your way to a higher standard of living. What happened? Government. Low incomes were exempted from income taxes, then taxes hit hard when you approach middle class. Plus you lose the public assistance benefits awarded to lower incomes. Welfare reform? Abandoned. Also, runaway regulations raise prices, making it harder to make ends meet. Failure to enforce immigration laws increases the ratio of low incomes. First, millions of illegal immigrants arrive poor, although hopeful. Second, they drive down wages, so others find it more difficult to find work. Government encourages low incomes, but punishes efforts to become self-sufficient.
  continue reading

180 episodes

Artwork
iconShare
 
Manage episode 154518828 series 1125746
Content provided by Ernest Istook. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ernest Istook or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Honey, they've shrunk the middle class. Upward mobility first requires gaining a middle class income, on your way to a higher standard of living. What happened? Government. Low incomes were exempted from income taxes, then taxes hit hard when you approach middle class. Plus you lose the public assistance benefits awarded to lower incomes. Welfare reform? Abandoned. Also, runaway regulations raise prices, making it harder to make ends meet. Failure to enforce immigration laws increases the ratio of low incomes. First, millions of illegal immigrants arrive poor, although hopeful. Second, they drive down wages, so others find it more difficult to find work. Government encourages low incomes, but punishes efforts to become self-sufficient.
  continue reading

180 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide