Weird the title says “middle class” but the article is purely about “middle income” which I don’t think are equivalents.
That’s a result of over a decade of far right economics. They promise the workers and SMEs the moon, but do the quite opposite. That’s actually how Nazi party got to power and in the same way shat on the people who vote for them.
But people are to thick to study history.
Aaaand the article contains the perfect graph to give to the dribblers that parrot “But mortgage rates were much higher in the 80’s/90’s” without understanding the difference in the market.
i.e. It shows how house prices have gone up WAAAAAY more than wages.
This is only a problem if humans need shelter to survive.
I love how the article just implies “obviously lower classes can’t afford a home, as it should be, but it’s those middle classes I feel sorry for!” Like it’s not perfectly viable for everyone to have a home if we treated them like a resource instead of the ultimate investment opportunity…
I’ve said it before and I’ll say it again; The narrative of the ‘Cost of Living Crisis’ is merely another attempt by the asset holding classes at a ‘We’re all in this together!’ scam whereby they’re attempting a wholesale redefinition of poverty in order to collude and coerce the state into bailing out their additional costs.
For the poorest in society there is no ‘Cost of Living Crisis’, there is a cost of living continuum. Those who are truly poor were always poor and have become poorer. There was never a high point for them to enter a crisis from.
What we’re experiencing is a ‘Cost of Lifestyle Crisis’ for the asset holding classes. Suddenly they’re not able to afford private school fees, or have to cut down to two holidays abroad per year, or not getting that Tesla they want because their friends have one, and suddenly they declare it a crisis.
I shed absolutely zero tears over a demographic of this country that has spent literal decades voting with great fervour to continuously fuck over the poor for their own selfish gain, and are now blubbering and demanding solidarity from the poor because their rising cheap-money mortgages might eat up an additional 5% of their income that they wanted to spend on wine and ugly white-grey furniture for their Instagram vehicle houses.
No war but class war eh….. If you HAVE to get out of bed and go to work to pay the bills, when you really don’t want to, but cannot afford not to, your working class. Bollocks to the colour of your shirt collar
The crux of the problem is our taxation system
There are a multitude of ways to generate income, both active and passive
Of all those ways, earning through work comes with the highest tax burden.
Can anyone defend that? i cant see any justification. It just means to catch up you have the deck stacked against you, while the rich see their wealth multiply over generations
8 comments
Weird the title says “middle class” but the article is purely about “middle income” which I don’t think are equivalents.
That’s a result of over a decade of far right economics. They promise the workers and SMEs the moon, but do the quite opposite. That’s actually how Nazi party got to power and in the same way shat on the people who vote for them.
But people are to thick to study history.
Aaaand the article contains the perfect graph to give to the dribblers that parrot “But mortgage rates were much higher in the 80’s/90’s” without understanding the difference in the market.
i.e. It shows how house prices have gone up WAAAAAY more than wages.
This is only a problem if humans need shelter to survive.
I love how the article just implies “obviously lower classes can’t afford a home, as it should be, but it’s those middle classes I feel sorry for!” Like it’s not perfectly viable for everyone to have a home if we treated them like a resource instead of the ultimate investment opportunity…
I’ve said it before and I’ll say it again; The narrative of the ‘Cost of Living Crisis’ is merely another attempt by the asset holding classes at a ‘We’re all in this together!’ scam whereby they’re attempting a wholesale redefinition of poverty in order to collude and coerce the state into bailing out their additional costs.
For the poorest in society there is no ‘Cost of Living Crisis’, there is a cost of living continuum. Those who are truly poor were always poor and have become poorer. There was never a high point for them to enter a crisis from.
What we’re experiencing is a ‘Cost of Lifestyle Crisis’ for the asset holding classes. Suddenly they’re not able to afford private school fees, or have to cut down to two holidays abroad per year, or not getting that Tesla they want because their friends have one, and suddenly they declare it a crisis.
I shed absolutely zero tears over a demographic of this country that has spent literal decades voting with great fervour to continuously fuck over the poor for their own selfish gain, and are now blubbering and demanding solidarity from the poor because their rising cheap-money mortgages might eat up an additional 5% of their income that they wanted to spend on wine and ugly white-grey furniture for their Instagram vehicle houses.
No war but class war eh….. If you HAVE to get out of bed and go to work to pay the bills, when you really don’t want to, but cannot afford not to, your working class. Bollocks to the colour of your shirt collar
The crux of the problem is our taxation system
There are a multitude of ways to generate income, both active and passive
Of all those ways, earning through work comes with the highest tax burden.
Can anyone defend that? i cant see any justification. It just means to catch up you have the deck stacked against you, while the rich see their wealth multiply over generations