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Saving the Middle Class

 

Saving the Middle Class will require fair trade policies, tax reform, campaign finance reform, and more active citizenship. 

What has to happen to reverse the downward trends that will eventually eliminate the Middle Class and replace it with a socially immobile debt-ridden Working Class?

Some suggestions:

 

FAIR TRADE

 

 

 

 

 

 

 

LIVING WAGE

Minimum wage in the United States, corrected for inflation, has fallen over 30% since 1980. This is inexcusable. Some would have us believe that the only ones making minimum wage are middle class high school kids working at the mall. The fact is, people with families are trying to make it by working multiple minimum wage jobs. The minimum wage should be raised to no less than $7.75 per hour.

 

SUPPORT LOCAL BUSINESS AND INDUSTRY

 

 

INFRASTRUCTURE FOR THE TWENTY-FIRST CENTURY

Tom Ashbrook, host of the NPR program On Point had a program on January 25, 2006 examining the long-term implications of the Ford job cuts and loss of high-end manufacturing jobs. Tom repeatedly asked his guests what would replace those jobs and "float America's boat." No one mentioned new infrastructure. No one had a good answer. Rebuilding and updating our infrastructure is not just a "make-work" program for the unemployed. It is an absolute necessity in a world that requires greater energy efficiency and environmental sustainability.

 

Many will say that, what with U.S. financial commitments focused elsewhere (including between six and seven billion dollars spent per month for Iraq and Afghanistan) there is no money for big civil projects. Roosevelt and New York mayor LaGuardia found a way and our current U.S. leaders needs to do the same. American Society of Civil Engineers issued their Report Card last year (2005) rating the condition of U.S. infrastructure. It doesn't look good, and things have deteriorated since their 2001 evaluation.

 

CAMPAIGN FINANCE REFORM

In order to lure new campaign contributors and reward old ones, every session, Congress puts the tax code up on the "auction block." The winners tend to be the big-money contributors. The big losers tend to be those of the Middle Class.

 

TAX REFORM - It won't happen without serious campaign finance reform.

High-price homes, those $500,000 and up, have been tax shelters for the wealthy because of home-based business deductions and the mortgage interest deduction, which is allowed for second homes, as well. This deduction needs to be capped below an $500,000 sale price and eliminated for second homes. The maximum marginal rate for income taxes needs to be raised to 60%. It was 70% as recently as 1980.

 

CITIZENSHIP

We all need to be more involved in the civic life of our communities, our states, and our nation - that means being involved on a regular basis, not just on election day. We need to be involved early in the candidate selection process. We need to communicate with the candidates and elected officials. Instead of letting the news media or others set the political agenda, we need serious personal contemplation to decide what we feel is really important for us and our future. We need to know and communicate with our leaders. We should expect them to get back to us.

 

Recommended Washington Post Editorial on Saving the Middle Class: "How to Refloat these Boats"

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Keywords: saving the middle class, fair trade, tax reform, campaign finance reform, shrinking middle class

 

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