A Quote by Tony Abbott
Middle income families with children are Australia’s new poor
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What I do is allow middle-income families to finally be able to save their money tax-free. No tax on interest dividends or capital gains for middle-income Americans.
I agree that income disparity is the great issue of our time. It is even broader and more difficult than the civil rights issues of the 1960s. The '99 percent' is not just a slogan. The disparity in income has left the middle class with lowered, not rising, income, and the poor unable to reach the middle class.
The answers to feeding hungry children is not fewer dollars to feed hungry children, it's to do more. It is to raise the minimum wage. It is to increase, not dismantle, the earned income tax credit. It is to make college more affordable for more middle class families, not more expensive. These are the things that grow our middle class.
Taxes and fees in Chicago and Cook County are forcing low-income families like the one I grew up in out of this city. It's clear we can't keep treating low-income and middle-class families like an ATM machine with no limit.
We urgently need a debate about the best ways of supporting families in modern America, without blinders that prevent us from seeing the full extent of dependence and interdependence in American life. As long as we pretend that only poor or abnormal families need outside assistance, we will shortchange poor families, overcompensate rich ones, and fail to come up with effective policies for helping families in the middle.
Maintenance grants, a proud Labour achievement which made it easier for children from lower and middle income families to go to university, have been abolished in one fell swoop. To be replaced with loans.
Income is now more concentrated in the hands of the rich. Those well-off households tend to save and invest higher proportions of their earnings than middle-class or low-income families do.
The people who are having the hard time right now are middle-income Americans. Under the president's policies, middle-income Americans have been buried. They're just being crushed. Middle-income Americans have seen their income come down by $4,300. This is a tax in and of itself. I'll call it the economy tax. It's been crushing.
Lower-income immigrant families might receive more in benefits than they pay in taxes. But that mathematical equilibrium is temporary, and an artifact of the way the tax-and-transfer system is structured to help lower-income families and to support families with kids.
Cities that tend of have better schools for middle-income families, they tend to have much better prospects for kids moving up in the income distribution.
The new children are coming in. The families do not understand them. It does appear, from all the research that people are doing, that the new children are healing their mother and father by their very presence. So they may do it themselves, but, still, we've got to change what's happened here - our families are just total disasters.
While the wealthiest families completely benefit from the tax cuts targeted towards the upper brackets, middle-income families were hit with the unwelcome surprise of higher taxes on tax day.
In middle-income countries, inequality becomes a problem because you can see there is a layer of people who are doing well, while the poor are still stuck there. We have 300 million poor in India.
I think how veterans are treated in our country is an abomination. We don't have the draft any more, which is why so many soldiers come from working-class - rather than middle- or high-income families. Those wealthier families aren't affected, so they're not agitating for change.
[T]he sprawl of government into every conceivable realm of life has caused the withering of traditional institutions. Fathers become unnecessary if the government provides Aid to Families with Dependent Children. Church charities lose their mission when the government provides food, shelter and income to the poor. And the non-poor no longer feel pressed to provide aid to those in need, be they aged parents or their unfortunate neighbors-"compassion" having become the province of the state.
Most poor families are living completely unassisted in a private rental market, devoting most of their income to housing. When you meet people who are spending 70, 80 percent of their income on rent, eviction becomes much more of an inevitability than the result of personal irresponsibility.
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