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Wednesday, December 26, 2007

Middle Class Not Sinking into Poverty


The National Center for Policy Analysis highlights a Washington Post article which shows that, in addition to the growing GDP, the middle class isn't sliding into poverty:

True, fewer people today live in households with incomes between $30,000 and $100,000 (a reasonable definition of "middle class") than in 1979.
But the number of people in households that bring in more than $100,000 also rose from 12 percent to 24 percent.

There was no increase in the percentage of people in households making less than $30,000.

So the entire "decline" of the middle class came from people moving up the income ladder; for married couples, median incomes have grown in inflation-adjusted dollars by 25 percent since 1979.

It's a simple fact of life that human beings are different. Some will inevitably be better money managers, work harder, make better decisions, take more risks that pay off, and so on down the line. And some of us will simply value a life of less stress and more free time, over the life of 16-hour days and forgotten families that many big-earners live.

Using government to try and erase these differences is not only unbiblical, it's impractical and nonsensical. As communist experiments with doing this have shown us over and over and over, just like the "Animal Farm," equality-schemes will still only establish that "some animals are more equal than others."


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