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Loser For The Angry Middle Class: Article Analysis

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An interesting article was published on CNBC’s online news outlet, titled “Two-Percent Growth is a Loser for the Angry Middle Class.” The article talks about the fact that the economy is growing at about two percent and that a recession is not forthcoming, but that middle class wages are continuing to flat-line. The article details many economic issues, such as middle class wages not changing, the low GDP when compared to past years, and what should be done to fix this issue in the United States. GDP and Real GDP are discussed as well, along with the importance of GDP in the economy. According to the article, since the United States crawled out of the recession, the GDP growth has not averaged much more than two percent, with a complete increase of 14.3 percent throughout the twenty-five quarters under Barack Obama (Kudlow, 2016). The article mentions that in previous years, such as between 1950 and 2000, the economy of the United States’ economy grew at an average rate of 3.5 percent, with a huge real GDP gain per individual of $16,000 to more than $50,000 (Kudlow, 2016). If that percentage was two percent, then rather than $50,000 the income would actually only be at …show more content…

It proposes an interesting suggestion to increase the income for the middle class by introducing corporate tax rates. The article also details the fact that middle class workers have not seen much of a pay raise in the past few years, despite the fact that the economy is at least growing after dealing with such an awful recession. I agree with the facts and suggestions provided in this article. Corporate tax rates can be beneficial to the economy and to middle class workers because it would stimulate economic growth greatly and acts as a middle class tax cut, which can cause the United States economy to increase its GDP

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Atlantic Media Company, 18 May 2012. Web. 27 Apr. 2016. "The American Middle Class Is Losing Ground. "

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That is not reducing the tax rate, we’re just making the middle pay more than the rich, and right now that is what is exactly happening. I know that most wealthy people work hard for their money, but we have people in the lower class barely getting by while the wealthy people throw around hundred dollar bills and don’t care about what anyone else thinks. They waste their money on things they don’t need while people in the lower classes struggle everyday. People that have financial disadvantages live paycheck to paycheck while the wealthy people just walk around with lots of money that they’ll waste on things they don’t need such as gold marbled tiles or million dollar perfumes. The least they can do is give a little back to the

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