I suck the money out
of the middle class as badly as the wealthy do.
But that mirror should register the faults
of the middle class as well as its virtues.
NYSUT would be covering that my reaching deep into the pockets
of the middle class as they have for years.
While hard - pressed localities will see no relief in the short term from Tier 6, they will be affected by loss of state services, downsizing and consolidation of vital facilities, along with other aid reductions and a further erosion
of their middle class as workers get squeezed or have their jobs eliminated.
Worse still suicide amongst Nigerian professionals (including bankers, lawyers and doctors) and members
of the middle class as a consequence of the harsh and intoleralble economic conditions that they are facing has reached alarming and epidemic proportions.
Not exact matches
The Prime Minister and his finance minister spend much
of their time reminding the country's biggest vote bank — the
middle class — that it is not doing
as well
as it should be.
The plight
of the
middle class was a major theme
of his launch speech and the subject
of his first position statement, published
as a column in the Toronto Star entitled: «Canadian
middle class left out
of the growth equation.»
So even
as Tesla woos
middle -
class buyers in the U.S. (the Model 3, due to arrive this fall, will start at about $ 35,000) buyers in China have mostly resembled Vanessa Zhu: wealthy drivers who view Teslas
as luxury vehicles, or at least
as the coolest new piece
of tech since the iPhone.
As Aaron Wherry noted over at Maclean's, 64.9 %
of Canadians consider themselves either «upper
middle class» or «lower
middle class.»
Finally, portraying the debate
as a conflict between wealthy tax dodgers and the hard working
middle class was divisive and appeared hypocritical when it was later suggested that both the Prime Minister and Minister
of Finance had themselves benefited from tax planning measures.
As an example, a cap
of $ 500,000 in tax - free capital gains on any principal residence means that a home sold for $ 1 million that was purchased for $ 100,000 in 1985 say, would have $ 400,000 taxed at the owner's tax rate at the time
of the sale (about 35 % for the average
middle class Canadian).
As the holiday acquired nation - wide popularity, Alibaba became the first major company in 2009 to monetize the holiday by launching a special online sale and effectively transforming the day into the world's biggest 24 - hour online shopping event, one that reflects the growing wealth
of China's
middle -
class.
Labeling the world
class as snobs is another way the
middle class finds to feel better about themselves and their chosen path
of mediocrity.»
'' [The
middle class] sees money
as a never - ending necessary evil that must be endured
as part
of life.
The number
of middle -
class thieves grew this year, too,
as those hit hard by the recession tried to keep up with the Joneses.
«Some Canadian cities have
as diverse a
middle -
class population
as any city on the planet, and part
of what you have to do is play to that diversity and know that having Thai peanut sauce makes sense in one city but it doesn't make sense somewhere else,» says Underhill.
Affordable long - term care coverage could fairly be characterized
as a solidly
middle -
class concern: Poorer seniors can generally qualify for Medicaid, and the more affluent can generally afford to pay for nursing - care expenses out
of their savings.
There's also the fact that the moderate - price realm
of the U.S. retail market is in serious trouble
as the
middle class continues to shrink.
The addition
of more «upscale» merchandise demonstrates the changes that the discount retailer has been forced to grapple with
as the number
of potential
middle -
class customers plummets.
The financial industry frequently touts 70 %
as the percentage
of your working income that you'll need to replace, but most
middle -
class Canadians replace only about 50 % to 60 %
of their working income in their golden years, and they say that's just fine.
A large majority, 82 %, believe themselves to be part
of the
middle class, suggesting that the problem isn't so much the pay
as the perception.
As a result
of government investment and solid economic growth, 40 million
of those people entered the
middle class over the past decade.
But
as these
middle and upper
classes have a lot
of expendable, disposable income, they are turning to golf just
as a friendly pursuit,» Dreyer said.
Respectability consisted
of one's prestige
as a correctly behaving,
middle -
class person, in contrast to supposedly disreputable people such
as prostitutes.
The lion's share
of this expansion is expected to take place in emerging and developing countries such
as India and China, where
middle class growth is booming.
Amazon's moves should help Whole Foods, long derided
as «Whole Paycheck» for its high prices, to woo customers beyond its upper
middle class clientele,
as well
as counter the discount chains such
as Walmart and even Aldi
as they vie for more
of the organic and natural foods markets.
Similarly, she'll need to prove that she's attuned to the needs
of the
middle class — a feat sure to be difficult,
as critics point to her ties to Wall Street and other big business interests.
A bad internet connection in the
middle of the feeding frenzy that is course selection can leave you in a 300 - level physics
class as a history major.
Some forecasts predict that growth
of new solar installations globally will decline to the single digits, due to market saturation in the U.S. and China, but will surge ahead again by 2019
as more markets (such
as the
middle and lower
class) open up
as technology becomes more affordable.
Given how the state had spent time building up a new
middle class,» [a] ny deviation from the mainstream, or irony, is seen
as a threat to the credibility and legitimacy
of the [Chinese Communist] Party in bringing [an] idealized way
of life to reality,» Arsene told CNBC in an email.
And Congressional Republicans are touting their new finalized tax bill
as a wage - boosting, job - creating boon to the
middle class,
as well
as a means
of simplifying the tax system.
«At the same time
as they have these massive tax cuts for the richest people in the country they actually increase taxes for a lot
of working and
middle class people, and so I think they see the child tax credit
as a way to try to address that,» Marr said.
«The vast majority
of our hosts in Massachusetts, California, Hawaii and across the county are
middle class people who depend on home sharing
as a way to address economic inequality,» Chris Lehane, head
of global policy and communications at Airbnb, said in a statement.
As emerging
middle classes in places like China and India adopt Western - style diets, global consumption
of animal protein skyrockets.
Republican leaders have portrayed the drive for tax reform
as a benefit for
middle -
class families, often at the expense
of special interests.
The United Nations Population Division and Goldman Sachs recently reported that by 2030 China would have about 1.4 billion members
of what the World Bank defines
as the
middle class, compared to 365 million in the U.S. and 414 million in western Europe.
Charles Sizemore, the Dallas - based author
of the Sizemore Investment Letter, says that
as Asian populations acquire
middle -
class, North American tastes, they're starting to buy more expensive cigarette and alcohol brands.
There is also no question that profit sharing has a long and distinguished political pedigree in American history
as the bipartisan idea to lift incomes
of the working
middle class.
The addition
of more «upscale» merchandise demonstrates the changes that the discount retailer has been forced to make
as the number
of potential
middle -
class customers plummets.
«There's a vast emerging consumer group below the existing
middle class that is going to constitute a high proportion
of the world's purchasing power, but
as yet is massively untapped,» Kuper says.
Respondents to the Palo Alto Weekly's survey cited the area's chronic housing crisis and high cost
of living
as reasons for identifying
as middle -
class instead
of upper -
class.
«In almost any other part
of the country we would be wealthy,» said one respondent who identified
as middle -
class.
Starbucks plans to add over 10,000 new jobs a year in China over the next five years
as part
of the U.S. coffee giant's big bet on the nation
of tea drinkers, where coffee culture is flourishing amid a booming
middle class despite an economic slowdown.
As if to prove this claim, federal Liberal leader Justin Trudeau announced that one plank
of his election platform will be to realign the tax system to shift wealth away from those nasty one - percenters and down to the
middle class.
During a time
of rising income inequality, the American left is increasingly invoking Scandinavian countries
as models for how to maintain the economic growth that capitalist competition allows, while achieving more security and stability for the
middle and lower
classes.
Today President Obama took a big step forward in his goal to strengthen the economy and strengthen the
middle class with the nomination
of Richard Cordray
as Director
of the Consumer Financial Protection Bureau.
As the gap between wealthy and poor Americans widens, the
middle class is becoming less
of an appealing target for nationwide retailers.
The assumptions
of cutthroat libertarianism were so embedded in the worldview
of these lucky newcomers that they spoke
as though the victims
of tech - fueled displacement and gentrification had chosen to live in poverty and squalor, just
as they themselves chose to learn to code, chose a management - track job at a major corporation, and chose to set themselves up for a comfortable upper -
middle -
class suburban life.
Taken
as a whole, the tax bill would not only increase taxes for millions
of middle -
class families but would also have disastrous effects on people's health care.
Whatever is the current cause
of the rise
of prices in the housing market, when computed
as the mortgage cost in labour time in terms
of the average weekly salary, residential properties, with the exception
of the 1988 - 1991 period, are now clearly less affordable for
middle -
class Canadians than they were for the last five decades.