The Texas Democrat Joe Rogan wants to run for POTUS

Good speaker …so I understand why progressives like him and why GOP is concerned. But he sounds like a younger version of Bernie.
 
Good speaker …so I understand why progressives like him and why GOP is concerned. But he sounds like a younger version of Bernie.
Yeah..not so sure that a little Bernie isn't what is needed right now

America’s wealthiest billionaires got $698 billion richer this year—and Trump's tax policy could give them a new windfall | Fortune https://share.google/m8dR3IFCtV5mZqtpO


Billionaire fortunes have reached all-time highs under Trump. So has the movement to tax them
Residents in at least 10 states are organizing campaigns to tax wealth in order to fund schools and other social services


Donald Trump’s second administration has appointed an unprecedented number of wealthy individuals, with roughly 13 or more billionaires filling Cabinet-level positions, key agencies, and advisory roles. Led by Tesla CEO Elon Musk, these appointees include major donors, investors, and business leaders with a combined net worth surpassing $460 billion, highlighting an shift towards private-sector management.
Good Morning America
Good Morning America
+3
 
Yeah..not so sure that a little Bernie isn't what is needed right now

America’s wealthiest billionaires got $698 billion richer this year—and Trump's tax policy could give them a new windfall | Fortune https://share.google/m8dR3IFCtV5mZqtpO


Billionaire fortunes have reached all-time highs under Trump. So has the movement to tax them
Residents in at least 10 states are organizing campaigns to tax wealth in order to fund schools and other social services


Donald Trump’s second administration has appointed an unprecedented number of wealthy individuals, with roughly 13 or more billionaires filling Cabinet-level positions, key agencies, and advisory roles. Led by Tesla CEO Elon Musk, these appointees include major donors, investors, and business leaders with a combined net worth surpassing $460 billion, highlighting an shift towards private-sector management.
Good Morning America
Good Morning America
+3
I agree that there are people that support Bernie, but, at least according to this study released today, the number of those people open to his class warfare rhetoric may be shrinking.. And… for Talarico will that work statewide in Texas?

The issue is more people are moving into upper middle class and moving away from lower income.
The U.S. middle class is shrinking, but not because more Americans are poorer. Instead, more households are climbing into the echelons of the upper middle class due to income gains in recent decades”
“About 31% of U.S. households earn enough to be considered upper middle class, a roughly threefold increase since 1979, making it the nation's largest economic group


 
I agree that there are people that support Bernie, but, at least according to this study released today, the number of those people open to his class warfare rhetoric may be shrinking.. And… will that work in Texas?

The issue is more people are moving into upper middle class and moving away from lower income.
The U.S. middle class is shrinking, but not because more Americans are poorer. Instead, more households are climbing into the echelons of the upper middle class due to income gains in recent decades”
“About 31% of U.S. households earn enough to be considered upper middle class, a roughly threefold increase since 1979, making it the nation's largest economic group


That same study also claims that the top 3.4% increased their wealth at a rate of 12x over 1979 while the middle class wealth increased at a rate of 3x

And the data in the study only goes to 2024

Go read the articles I posted showing that since 2025 in Trump's first year the top 1 added an additional $1.5 TRILLION to their wealth in the first year of Trump second term


Those numbers aren't included in the report
 
I agree that there are people that support Bernie, but, at least according to this study released today, the number of those people open to his class warfare rhetoric may be shrinking.. And… for Talarico will that work statewide in Texas?

The issue is more people are moving into upper middle class and moving away from lower income.
The U.S. middle class is shrinking, but not because more Americans are poorer. Instead, more households are climbing into the echelons of the upper middle class due to income gains in recent decades”
“About 31% of U.S. households earn enough to be considered upper middle class, a roughly threefold increase since 1979, making it the nation's largest economic group


But by the time you're in your 60s and 70s and can finally afford to buy a mansion and luxury car, you wish you could be younger.
 
I agree that there are people that support Bernie, but, at least according to this study released today, the number of those people open to his class warfare rhetoric may be shrinking.. And… for Talarico will that work statewide in Texas?

The issue is more people are moving into upper middle class and moving away from lower income.
The U.S. middle class is shrinking, but not because more Americans are poorer. Instead, more households are climbing into the echelons of the upper middle class due to income gains in recent decades”
“About 31% of U.S. households earn enough to be considered upper middle class, a roughly threefold increase since 1979, making it the nation's largest economic group


Wishful thinnking that the people are shrinking in this desire. It is the same argument Trump made to get votes then do more of the problem that the people thought they were voting against. Remember the first Hillary debate?

Your article massages the numbers in a way to show that people are better off than 1979 (well, I would hope TF so) by taking away any comparions of class today in the economic environment we live in. They also took the decrease in fertility (I can't afford kids!) and turned that into an economic gain (hey, let's makie up an arbitrary factor for family size and call you wealthier if you have a smaller family.)
The problem with comparing to the past instead of the current, is that is when you go to buy a house, you are not bidding against the single earner with 5 kids from 1979. Yes, the relative wealth of the nation has increased, and it has been maldistributed in a way that even the people making good incomes feel they are not able to keep up with Blackrock as their next door neighbor.


In contrast, rather than define middle-class thresholds relative to median income.....

Our analyses rely on absolute thresholds.
 
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Wishful thinnking that the people are shrinking. It is the same argument Trump made together votes then do more of the problem that the people thought they were voting against. Remember the first Hillary debate?

Your article massages the numbers in a way to show that people are better off than 1979 (well, I would hope TF so) by taking away any comparions of class today in the economic environment we live in. They also took the decrease in fertility (I can't afford kids!) and turned that into an eonomic gain (hey, let's makie up an arbitrary factor for family size and call you wealthiler if you have a smaller family.
The problem with comparing to the past instead of the current, is that is when you go to buy a house, you are not bidding against the single earner with 5 kids from 1979. Yes, the relative wealth of the nation has increased, and it has been maldistributed in a way that even the people making good incomes feel they are not able to keep up with Blackrock as their next door neighbor.


In contrast, rather than define middle-class thresholds relative to median income.....

Our analyses rely on absolute thresholds.
Yes, families are better off not only compared to 1979, but also 2000.

I am unclear where you are seeing family-size as a debate issue for this study. Certainly family size dropped dramatically from the 50s to the 80s, but there has not been much change in the last 23 years. The average family size was 3.14 in 2000 and 3.13 in 2023. I don't think a drop of a hundredths of a point changes the results much. Do you disagree?

I think your point of "people making good incomes feel they are not able to keep up with Blackrock as their next door neighbor" is accurate. That is why the rhetoric from Warren/Sanders/Talarico is appealing to some. The need, for some, to keep up with the Joneses is strong; ....instead of just realizing their economic position, for most, is much better.

I think the main driver, as pointed out in the article, is the significant increase of working women. A good counter-argument to that article is even though two-income families drives family income growth, but can make families feel more stressed...and increase certainly expenses like daycare, vehicles, gas, food (more eating out), and home care. The houseclearning industry has surged in the last 20 years.
 
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