But this isn’t the goddamn 80’s, companies have tons of cash, the Love Mama Wolf I’m Not Old I’m Vintage Shirt wealthy are super-wealthy, and there’s plenty of evidence to suggest that the problem with the economy right now is actually in premise 3. Wages have been flat, when adjusted for inflation, for 40 years. This means that, by and large, over the last 4 decades, most people haven’t been able to grow their income. On average, they have the same amount of money to spend now than they did in 1980, and that’s a problem. Business opportunities come in two flavors if you will. You are either making a new business.
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To compete with and take the profit from, an existing Love Mama Wolf I’m Not Old I’m Vintage Shirts business or you are creating a wholly new market for a good or service that didn’t exist before. That’s a great way of putting it. Same here. The top bracket starts at $622k for married. I’m well above that by myself and so is my wife. Most of our income will be from long-term capital gains which will hit us especially hard. The only thing I disagree with is this change to the Social Security tax. They’re not doing this for the person just inside the top tax bracket or even 10 times higher than the top tax bracket. Or even 100 times higher than the top tax bracket.
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