The very first chart confirms exactly what I noted. Exactly.

So 7% of the middle class from 50 years ago moved up to the upper class and 4% of the middle class from 50 years ago moved to the lower class. So more of the middle class from 50 years ago moved up to the upper class than moved down to the lower class. For some reason I don't have a big issue when more of the middle class is moving up than down.

due to the massive growth of income inequality of this country in the last 50 years

The median family income in the U.S. has gone from 30k to 70k in the last 30 years...and America is top five in the world in median income. It looks like the average American is doing ok despite the "massive growth of income inequality".

Some people would rather have everyone doing poorly if it means the wealthy are doing poorly rather than have everyone doing better if it means the wealthy are also doing better. LOL.

Wrong. I have family members that have worked in both public and private sectors. The excessive pensions and benefits of public union members are getting phased out more and more every day in the private sector because they are unsustainable over the long term - except when you have a captive source of funds known as taxpayers.

I have no desire to tax the bottom 50% but lets understand the complete picture. It's amazing how many people don't realize the complete picture.

We don't have pure, unadulterated capitalism. We have plenty of government regulation. We're also top five in the world for median income and median wealth. The average American is doing fine.

What does it mean when you say the private sector is "so extremely top heavy with salaries"? Private companies are private companies. I can see if you were concerned about how much public employees make, if you were a taxpayer, but what a private company pays its workers is really their business. They are free to set their own salaries. We're still capitalists last I checked.

>It’s all financially stable if we taxed the rich and private sector wasn’t so extremely top heavy with salaries.

This is such a vague talking point.

You know that the bottom 50% of Americans don't pay any income tax, right?

Public union members are the true privileged class. Their salaries, benefits, and pensions are unheard of in private industry because they are basically financially unsustainable over the long term - and the suburbs are even worse than NYC.

So a developer agreed to construct a building with almost 400 affordable housing units but the local councilwoman said no. Total insanity. The councilwoman probably wants all the units to be affordable - so guess what - it will never get built because that would make the building unprofitable for a builder. This councilwoman would rather have no affordable housing units than a new building where almost 400 of the 900 units are affordable. Amazing stupidity.

Is this a joke? Go to the basement and turn off the main breaker each night. So stupid.