Shocking Number Of Rich & Poor In New Jersey
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- Опубліковано 1 сер 2024
- "A new report claims one-quarter of New Jerseyans are living in poverty. The study released Sunday by the Legal Services of New Jersey Poverty Research Institute concludes that more than two million people in New Jersey are struggling to meet their basic needs. Their numbers have increased since the beginning of the economic recession by more than 300,000...".* How does Republican Governor Chris Christie tie into this? The Young Turks host Cenk Uygur breaks it down.
*Read more here: abclocal.go.com/wls/story?sect...
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Aw, thank you :)
It's nice to know we can talk with each other about similar issues.
I hear you brother - I have a very similar situation - good luck to us all
Proper classic trolling. I had almost feared that proper trolling had become a lost art.
This is why politicians yell that small business is the backbone of the country. Small business is forced to pay the full amount of taxes as where large corporations get away with paying little to no tax at all. Where is the so called justice is this?
Understand this: for a corporation 0.1% of profit is worth more than unmeasurable economical, environmental and social damage.
That reminds me of one of my friends. He sleeps at odd intervals, sometimes staying awake for days.
Personally, I have chronic fatigue but don't know why. My doctor says it stems from depression/anxiety, but I don't know what the cause of that is. :/
The first frame of Cenk in this video looks exactly like the graphic of Christie!
Believing in yourself, is the key to wealth...
Any system can be broken.
There's a flaw. It's there. And it's open. It's not about sitting around and waiting for it. It's about taking action. Forget faith. Take action.
The sooner that you realize that you're just as great as anyone else that ever existed, the better.
If you struggled your whole life and want out, then ya gotta be sick and tired of being sick and tired.
Furthermore, carefully analyze your surroundings.
Systems have flaws.
We need to also know the rest of the population. Who falls under the category of neither being a millionaire household nor not having their basic needs met.
Oh, how shocking. Didn't see that coming.
I think he's talking about Alpine,NJ
People like to call poor people "the poor" and say they have almost nothing compared to the rich. But they never recognize that in the US, the actual people in economic classes are constantly changing, more so than most countries.
I've tried that. They all told me to submit an application through human resources.
That must be hard to go through.
Just wondering, do you also have chronic fatigue?
The point is not the total amount of dollars, its the percentage difference. So the guy making less money is the one given the bigger tax responsibility in this case.
You don't need stats to show the disparity if you live in Jersey. Camden, the poorest crime infested city is literally 5 minutes away from Haddonfield which is a very rich town full of Castle-like houses, and 20 minutes away from Moorestown which is one of the richest towns in the United States.
How do these numbers compare per capita percentage-wise to the rest of the nation?
Cool story, bro.
The Coasters (the clever and funny 1950s vocal group) had a song called "What About us?" Things have gotten much worse since then!
If you live in poverty, you can get a free place to live, free medical care, free food, free phone, and free cash every month. Is that the new definition of poverty?
I don't remember he passed away when I was very young but when I was I heard my family talking about how he "over paid" his employees
So what did you think about Mark Blyth's rant on the counter-productivity of austerity? I will admit that I don't fully fathom all his arguments, so I'd appreciate an economists opinion on the matter.
Am I the only person who can't seem to send certain TYT video's (like this one) to my Facebook using the you tube link?
It also depends on what exactly the government considers taxable "income". In the states, tax rates on financial exchanges that make a profit are either barely taxed or not taxed at all. Some financial markets exist solely because they are untaxed, as even the smallest tax would eat away at the profit margin. Typically, however, that is considered "wealth" and not "income".
Tax cuts are not equivalent to "giving" people money.
Taxes shouldn't just be low, they should be flat, and they should be sales, not income.
"The new Mitt Romney."
Well, Christie's actually able to hold a conversation without stumbling nearly as much as Romney, but you have a point. He's the new frontrunner for the White House.
cool story bro
$26,000 a year for a family of four?!?!?! LOL
How is that POOR?!
We live on $7,000 a year!
I just sat through it on your recommendation.
The only thing that really stuck me was how dim-witted they turned out to be.
The 46K DOES NOT skew the numbers. Jersey is outrageously expensive.
Just look at home prices in NJ. You can't find one with a roof for less than 185K.
My grandfather was a GP and surgeon starting in 1928. When he and my grandmother died, because she didn't put the stocks in trust, the family paid 1.1 million in takes to Federal, state, local. Right now my Moms portion of inheritance in stocks is valued at 1.5 million. But she lives off the dividends at about $42,000 a year. So she is wealthy on paper and middle class in reality. How many of those wealthy are retirees with the same story to tell. Net worth and income are two different stories.
Netherlands sounds awesome
With the percentages given, about 68% of New Jerseyans should be middle class. 68% is a solid majority. Especially since the numbers of poor could be skewed due to a higher threshold of poverty.
Correction Cenk: From a factual point the rich are getting richer while the poor are also getting richer, just at extremely different percents increases
It isnt about that simple one. Its about forcing other people to pay government to research this stuff when the private sector can do it more efficiently and quickly than the government. They do it without stealing out of your pocket.
Logic follows that if you cut the tax burden of the top brackets said burden falls elsewhere. In this case you have the least able paying the most able's share.
This is crazy
Cenk learn about how percentage works. You can't just compare the dollar amount a Dishwasher and a Doctor gets back in return via tax cuts.
Tax cuts cannot happen without cuts in government spending. The cuts need to be applied to all of government and all of the people.
its not how you spend your money, its about how much u have to spend in the first place.
EU unemployment includes people looking for full-time jobs despite having part time jobs, by that standard the US has an unemployment rate 18%.
if you want to know the source of the problems that affect us today...it is a dangerous mix of government intervention and corporate elitism...where the profits are privatized and the losses are socialized.
"Religion is what keeps the poor from murdering the rich." Napoleon
What are you talking about? Did you even finish the video? He's talking about tax cuts for the rich vs. the poor in this state. If you make less than $50,000 you get a tax cut of $80, if you make more than $50,000 you get a tax cut of $7,000. That is a huge fucking difference.
Why would a millionaire ever want to live in New Jersey, even with the tax breaks?
These numbers aren't really that surprising for a few reasons: 1) The rich who have capital buy up a shit tonne of shares/assets from the middle class during an economic downturn and shift to be super rich when those assets rebound. 2) The devaluation of the dollar means that any owner of non-cash assets likely had an increase in the value of those assets.
You'll find million dollar homes right next to cheap, 1950-60 homes... A lot of Italians here as well...
Since you're from NJ you can tell me, in exactly which towns can $46K support a family of four? Camden? Newark? Jersey City? Pleasantville? A.C.? All of the beautiful vistas with open-air drug markets, hyper-crime, and degraded school systems which continue the cycle of poverty?
"Bare bones"? Meaning? The kids eat once a day? Boxed Mac & Cheese? Ramen Noodles? Show me a 2-bedroom rental in NJ for less than $800/mo in an area where the high school grad rate (at min.) doubles the murder rate.
I live in New Jersey, the distinction is astonishing. I live in Bergen county, one of the wealthiest counties in the country but there are many poorer areas nearby such as Paterson which is an urban, very ethnic and relatively poor area. Even worse is Essex county which contains Newark and black majority towns on the east and more wealthy, white towns in the west. It's a shame that more New Jerseyans don't seem to realize this but also that race is important too in examining this inequality.
It's either the best, or, more often, the worst. But not ALWAYS bad until the end of time, like the current system.
I'm not talking about people who are in poverty in America. The poorest of Americans are not in the 1% of the world and should be complaining about the super rich. I'm talking about people who have good jobs and nice cars who protest for the sake of protesting. They forget who the real poor are. The real poor in America and in other countries.
America literally breaks my heart, and this is coming from an African (no condescension intended). I do hope things begin to improve for you and for the country also. God bless
Sum Ting Wong here.
I have a master's degree and live in a homeless shelter because I am medically limited to a desk job and haven't had any offers save for two short-term freelance jobs that are now over. Since April 2012, the month before I became homeless, I have applied to 1,879 jobs. I have a less than 1% response rate to my applications--this means I didn't fail the interview, but wasn't interviewed at all.
Chris Christie reminds me of a batman villain. Like a dirty politician that the mafia has in their pocket... wait a minute...
I hope 3 years from, ppl don't forget this. I have a baaaad feeling this guy could win in 2016.
If those numbers are accurate, they're shameful.
But in the NL, a great deal of the social programs spend directly from the income taxes. In the US, the poor still have to spend money on insurance premiums and other healthcare costs.
I'm not American so I might not know, but 7% of the richest people is way more than 11% of broke people. In a Capitalist country, that seems right. If the rich makes 1000000 dollars while the poor makes 1000, it means the rich pays in taxes 70000 dollars while the poor pay 110. Just because a guy makes more money than some people, doesn't mean he needs bigger tax responsibilities.
For you, yes.
can someone legitimately explain the "reasoning" behind taxing the poor harder than the rich?
Replace "legislation" with "Fight-Club style bank demolition" and i'm with ya.
The point I am making is that most of these people are not rich investment bankers that live on the west side of the Hudson River and work in Manhattan on the East Side. They are upper middle class 2 earner families that got in before prices exploded and now most of what they have is tied up in their homes and 401ks. I was NOT saying poor people don't exist, nor it isn't a problem what the governor is doing.
The saddest part of this, and a point that was not highlighted, is Christie Christie will be the governor of New Jersey again in November, easily. This is why I hate it when people don't vote :(.
Totally agree with 123
according to this i'm poor, and i live attend school with some of the richest people in the state
It's sad that Steve Daniels can't use simple logic.
It’s not the 1%. It’s the 0.01%. Everyone, please stop understating and misrepresenting the issue.
"Wealthy people care about money and poor people do not."
Pfffffft.
You know that in many European countries doctors pay next to nothing for their education, right? They don't have a lot of the student loan debt that American medical students have to pay. Don't you think that for this reason European doctors don't have to make as much money?
That settles it: New Jersey is the USA's Essex.
Cenk's comment is ludicrous. He states:
- $80 back for a household earning $50k.
- $7200 back for a household earning $1M.
Of course! How else would it be?! The question is what percentage is each group paying. It's not like this is some kind of gift. If I take $100 from you and give you back $50, is that a benefit? If I take $10 from a poor guy and give him back $10, then take $100 from a rich guy and give him back $20, is it an injustice that the rich guy got twice as much back?!
WTF?!
Yes. Hong Kong, Singapore, Japan, and Israel all have more efficient health care systems than the highest ranking European country, Spain, but all of those countries have socialized medicine, so I don't see what your point is.
Most profits would have to go toward investment in a free market. That's not necessarily the case in some parts of the economy, especially in finance. That's because some large firms benefit from mandates, subsidies, public-private partnerships, regulations designed to create barriers to entry, state sanctioned cartels, etc. Then prices (including wages) are no longer systemic, they are volitional.
In a free market wages are systemic, not chosen. Too bad we don't have one.
As someone who comes from a family with money lives in Southern NJ it does not surprise me. The problem in NJ and I know you guys are not going to want to hear this is not lack of regulation and taxes as there are PLENTY of that trust me the problem is are the lying NJ politicians that say "oh we are here to help you and get you out of poverty" and end up taking the money and spending it on absolutely USELESS things like the ridiculous teacher salaries and govt. worker pensions.
My Dad and Mom were middle class folks who made around $50K/yr. My Dad ALWAYS complained about the bills and made horrible investments when he did save up. I vowed I would NEVER be like that.
I had NO idea where to start but I started nonetheless. I started when I was 16 knowing nothing. Now I'm 32 and retired. I have tried to share my knowledge with my family and they act ambivalent toward it while their financial woes continue. I've seen this pattern time and time again. Success is a CHOICE!
I don't consider 40k for a family of four poverty.. Like not even a little.
How do you define millionaire?
Yes, I am arguing that exploiting buyers is still exploitation.
The biggest point I wanted to make on that topic was the HFT platforms. They provide no benefit to the market but can reap huge returns. Though "front running" is illegal, the SEC is ill equipped to combat HFT schemes that are effectively "front running" but not defined as such.
Blaming Christie who I am not a fan of for this is absurd New Jersey has an Economy that as much if not more than any other state in the tri-state area depends on the Economy of New York. After the crash many poor & rich people moved from NY to New Jersey because of the Higher Taxes & the high cost of living.
And then conservatives turn around and say that pointing out income inequality is "class warfare". We do have class warfare and the poor are losing.
This is so true... Poor and middle class love Chris Christie but rich people are the only ones who benefit from his decisions...
But you're making a straw man argument. Part of the reason that America, as a nation, is so wealthy, is because the average citizen can afford to purchase goods and services from other merchants. There have been study after study illustrating the fact that income inequality correlates to both political instability and lower net wealth of a country.
The south shows how willing people are to slide down the real income ladder as long as there's someone to look down upon.
If your referring to the situation in Greece, Italy and Spain you must understand that South and North Europe are very different. Greece went into a recession probably because of huge corruption and people avoiding taxes. The financial situation is much more stable in the nordic countries and Germany, for an instance.
Where do hard work and investments not pay off, and who wants them to not pay off?
who out there thinks that working 20 hours a week at mcdonalds is enough to live off of? i never heard of anybody that was so naive as to believe that.
I don't agree with that my father was a very wealthy business owner and would pay his employees between 100k and 250k a year
Norway has a population that is less than 30 US states. The population is also over 86% Norwegian. A country of such a small population of the same people allows them to develop a system that works. We have actual issues and problems to deal with in the US. In short, you can't compare the US to Norway.
Didn't Sandy just blew through NewJers at the end of 2012? Aren't the lot of people still recovering from that?
Reaganomics are what has eroded our standard of living and was what began the lack of parity in the socioeconomic classes... :) I agree with you as well.
Waitaminute! Michele Bachmann said we were running out of rich folks! What the hell man?
I dont have a progressive tax code. I have progressive insurance card.
I don't disagree that communism was a disaster. My point is the US and some European countries have been expanding and maintaining their "empires" at the expense of poorer countries by stealing their resources, so it's hard to judge their real economic performance over the years. Unless you think the theft of these resources is good economic policy.
Now, at least according to every study I was able to find, the US pays its doctors more than any other country (with the exception of a couple of studies that put the Netherlands on top with the US in second place). So, can you explain why Canada, Israel, and Japan come ahead of us in education while paying their doctors less? Why do the Netherlands and Germany beat Canada and Finland in doctor pay, but not in education?
"the working poor" shouldn't be a thing. and it's not a thing in countries that are actually civilized like Finland, Sweden etc.
I work 40+ hours a week in construction, and I barely make enough to pay for my bills... never mind back debt, or anything for entertainment (besides having an internet connection)
I dont understand why those Multi-Millionaires want those extra $7000, over the people who are working and unable to make ends meet?
It hurts me to the gut. How inhumane can you be for your greed?
As one example... every dollar that has gone into NASAs budget since its inception has yielded around $3 of economic stimulus and new technology, industrial growth and inspiration to children to want to become scientifically literate.
It has yielded massive spin off technology from which the patents were given to private businesses and allowed to monetize off of them.
Like Louis the XVI? What a honest man.
So, you can't complain about income inequality your country if there's income inequality elsewhere? Guess that means you can't criticise your politicians if there are dictators in other countries, or tackle criminals if there are bigger criminals elsewhere, etc., etc.