America’s new economic pyramid; an Obama creation. Or, redefining the [Nuevo] middle class!

4 Jan

Rather than to blatantly ignore his promise to take care of the middle class, President Obama simply redefined the middle class. Obama’s new economic pyramid follows somewhat like the following breakdown:

The “Super rich”:
Families making over $5M and/or estates of $5M or more (0.5%)
Wealthy:
Family income $1M to $5M and/or estates of $5 or above (1.5%)
Rich:
Families with income $450K to $1M and/or estates $5M+ (2.0%)
Upper middle class, or the Obama Nuevo middle class:
Families making $150K to $450K and/or estates of $5M+ (5.0%)
Middle class:
Families making $75K to $150K estates under $5M (15%)
Lower middle class:
Families making $50K to $75K estates under $5K (25%)
“Poor” median income ($50K) and below:
Family income of $50K or below estate under $5M (51%)

What President Obama and his “uncooperative” Congress did, is to simply deny the tax breaks to the very rich and wealthy 4% of the population, but to redefine the middle class and give tax breaks to their Nuevo middle class which include 5% of the population, or 5% from the 9% of the wealthiest of the wealthy in the country. These 5 percenters did get tax breaks, and President Obama can now say that he is working for the middle class!

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