Trending Now :

The Nouveau Riche and the U.S. Tax Code: A Tale of Unequal Burdens 10 Ways to Retire Comfortably Even if You are Not a 401(k) Millionaire The Federal Reserve’s Rate Cut: What It Means for Your Finances and Why It’s Time to Act Now Dark Web Monitor Alert: Are You Safe from Identity Theft? Where to Find $20 Million Homes in the U.S.: The Ultimate Guide to Luxury Real Estate The COVID EIDL Loan Challenge: Small Businesses’ Struggles in a Post-Pandemic Economy Biggest Financial Crimes: Salomon Smith Barney Kamala Harris’s Ambitious Plan to Lower Housing Costs: A Comprehensive Look What Credit Card Users Should Know if the Fed Cuts Rates in September Taxing Unrealized Gains: A Political Pipe Dream with No Real Payoff Best Cars for Middle-Class Americans How to Finance an Engagement Ring The Risks and Rewards of Keeping a Mortgage After 65 Credit Score Breakdown: FICO and Vantage Scores In Search of the Next Asset Bubble Biggest Financial Crimes: Washington Mutual Financial Scandal Re-Drafting the 2023 IPO Class The Interest-Free Installments Economy FICO Scoring Models: Explained Fed Holds Off on Rate Hike Rise of the Global Middle Class: Opportunities and Challenges Protect Yourself from Financial Scams Money Motivators Mortgage Rate Buydown What Does the Hot Inflation Report Mean for the Housing Market How Do You Build Wealth: Invest in Yourself Times Up for Programmed Money Biggest Financial Crimes: Countrywide Quantitative Tightening, Inflation, & More The Stock Market Is On Sale Investors Need to Netflix and Chill Credit Card Fixed-Interest Loans: Explained Are You Money Smart? Build Your Credit for Free Filing Your Taxes in 2022 Credit Cards that Offer 2% Cashback on All Purchases Navient Ordered to Cancel Student Loans U.S. Mortgage Interest Rates Soaring Two Big Banks Cut Overdraft Fees 2022 IPO DRAFT CLASS: Ranking the Top 10 Prospects Re-Drafting the 2021 IPO Draft All You Need to Know about Buy Now Pay Later companies Credit Card Sign-Up Bonus or SUB The Best Credit Card for the Middle-Class Make An All-cash Offer with No Cash Capitalism Always Ignores Politics All You Need to Know about the Financial crisis of 2007-2008 American Families Face Serious Rent Burden Savings Is An Expense You Can’t Build Generational Wealth If You Are Broke IT’S OFFICIAL: Robinhood is a Meme Stock All You Need to Know About Biden Mortgage Modifications & Payment Reductions Apple Card 2nd Year Anniversary: Should You Get It Now Wells Fargo to Pull Customers Personal Lines of Credit The Rise of Individual Investors The US Housing Market Is Booming. Is a Crash Ahead? Financial Literacy: How to Be Smart with Your Money Non-Fungible Token (NFT):EXPLAINED SKYROCKETED CEO PAY & LONG LINES AT FOOD BANKS Amazon Workers Want to Unionize Another Major City Piloted Universal Basic Income The New Bubble: SPACs SUBMIT YOUR PPP ROUND 2 APPLICATION BEFORE MARCH 31ST Robinhood-GameStop Hearing & Payment for Order Flow Guess Who’s Coming to Main Street Democratic Senators Say No to $15 Minimum Wage BEZOS OUT! President Biden Most Impressive Act Went Unnoticed: CFPB Biden $1.9 Trillion Stimulus Package 2021 IPO DRAFT CLASS: Ranking the Top 10 Prospects $25 Billion Emergency Rental Assistance NO, TESLA IS NOT WORTH MORE THAN TOYOTA, VOLKSWAGEN, HYUNDAI, GM, AND FORD PUT TOGETHER AMAZON TO HAND OUT ITS WORKERS $300 HOLIDAY BONUS Where Does the American Middle-class stand on Student Debt Relief? Joe Biden’s Economic Plan Explained 4 TYPES OF BAD CREDIT REPORTS AND HOW TO FIX THEM What Is the Proper Approach to Not Buy Too Much House? FISCAL STIMULUS PLANS STILL IN ACTION How to Pick Investments for Your 401(k) 10 Simple Ways to Manage Your Money Better All You Need to Know about Reverse Mortgage All You Need to Know about Wholesale Real Estate Credit card Teaser Rates AVERAGE CREDIT CARD INTEREST RATE SURGES TO 20.5 Percent Trump Signs 4 Executive Orders for Coronavirus Economic Relief The Worst American Economy in History WHY CREDIT CARDS MINIMUM PAYMENTS ARE SO LOW? 10 BIGGEST COMPANIES IN AMERICA AND WHO OWNS THEM White House Wants to End the Extra $600-A-Week Unemployment  10 Countries That Penalize Savers FEWER CREDIT CARD BALANCE-TRANSFER OFFERS ARE IN YOUR MAILBOX Private Payrolls and the Unemployment Rate SHOULD YOU BUY INTO THE HOUSING MARKET RESILIENCY? WILL WE GET A SECOND STIMULUS CHECK The Child Tax Credit and Earned Income Tax Credit THE RETURN OF BUSINESS CYCLES Should You Request a Participant Loan or an Early 401(k) Withdrawal? Homebuyers Should Not Worry about Strict Mortgage Borrowing Standards The Potential Unintended Consequences of Mortgage Forbearance All Business Owners Need to Know about the Paycheck Protection Program 10 MILLION UNEMPLOYMENT CLAIMS IN TWO WEEKS HOW WILL THE GLOBAL MIDDLE-CLASS RECOVER FROM A SECOND ECONOMIC RECESSION IN A DECADE? WILL U.S. CONSUMERS CONTINUE TO SPEND? HOW’S YOUR 401(k) PRESIDENT TRUMP SIGNS $2.2 TRILLION CORONAVIRUS STIMULUS BILL MIDDLE-CLASS NIGHTMARE: MORE THAN 3.3 AMERICAN FILED FOR UNEMPLOYMENT CLAIMS IN THE US LAST WEEK. LAWMAKERS AGREED ON $2 TRILLION CORONAVIRUS STIMULUS DEAL CORONAVIRUS STIMULUS PACKAGE FAILED AGAIN IN THE SENATE APRIL 15 (TAX DAY) DELAYED DEMOCRATS AND REPUBLICANS DIFFER ON HOW $2 TRILLION OF YOUR TAX MONEY SHOULD BE SPENT YOU CAN DELAY MORTGAGE PAYMENTS UP TO 1 YEAR, BUT SHOULD YOU? 110 Million American Consumers Could See Their Credit Scores Change The Middle-Class Needs to Support Elizabeth Warren’s Bankruptcy Plan The SECURE Act & Stretch IRA: 5 Key Retirement Changes 5 Best Blue-chip Dividend Stocks for 2020 9 Common Bankruptcy Myths 401(K) BLUNDERS TO AVOID Government Policies Built and Destroyed America’s Middle-Class & JCPenney Elijah E. Cummings, Esteemed Democrat Who Led the Impeachment Inquiry into Trump, Dies at 68 12 Candidates One-stage: Who Championed Middle-Class Policies the Most WeWork: From Roadshow to Bankruptcy Stand with the United Auto Workers Formal impeachment Inquiry into President Donald Trump America Is Still a Middle-Class Country SAUDI OIL ATTACKS: All YOU NEED TO KNOW THE FEDERAL RESERVE ABOLISHED BUSINESS CYCLES AUTO WORKERS GO ON STRIKE Saudi Attacks Send Oil Prices Spiraling REMEMBERING 9/11 What to Expect from the 116th Congress after Their August Recess Should You Accept the Pain of Trump’s Trade War? 45th G7 Summit-President Macron Leads Summit No More Upper-Class Tax Cuts Mr. President! APPLE CARD IS HERE-SHOULD YOU APPLY? THE GIG ECONOMY CREATES A PERMANENT UNDERCLASS 5 REASONS IT’S SO HARD FOR LOW-INCOME INDIVIDUALS TO MOVE UP TO THE MIDDLE CLASS ARE YOU PART OF THE MIDDLE CLASS? USE THIS CALCULATOR TO FIND OUT? WELLS FARGO IS A DANGER TO THE MIDDLE CLASS The Financialization of Everything Is Killing the Middle Class
Twelve 2020 democratic presidential candidates
American Middle Class

12 Candidates One-stage: Who Championed Middle-Class Policies the Most

The estimated reading time for this post is 408 seconds

Twelve 2020 democratic presidential candidates gathered at Otterbein University in Westerville, Ohio, last night.  The debate was substantial on policies, and it lasted 3 hours. 

America is still a middle-class country, but their sufferings are real.   Many of the candidates knew that fact. Some more than others. Which candidate championed middle-class policies the most?  We rank them from worst to best.

  1. Former Vice President Joe Biden

Joe Biden’s centrist ideas to help the middle class have been tried and failed.  Joe Biden wants progressive tax code, but not too liberal and a bump in the minimum wage, but not Fight for 15.  The so-called centrist democrats are against significant structural changes that will benefit the middle class because their donors are against them. 

Joe Biden’s rapid wealth accumulation and his son’s overseas financial dealings are also big red flags for the middle class.

  1. Rep. Tulsi Gabbard 

The middle class does know where the Hawaii congresswoman stands on many domestic issues. Her strong stand against regime change wars might allow the leader of the free world to focus more on domestic issues.  However, the middle class does know which domestic issues that the congresswoman’s priorities.

  1. Sen. Kamala Harris

Senator Kamala Harris is another centrist democrats. Her donors will block most of the structural changes that can really benefit the middle class.

During the debate, she said,  “Donald Trump told us he could shoot somebody on Fifth Avenue and get away with it. And he has consistently since he won been selling out the American people. He’s been selling out working people. He’s been selling out our values. He’s been selling out national security. And on this issue with Ukraine, he has been selling out our democracy.”

If elected, Kamala Harris might not sell the American people and their values to foreign countries, but her big banks and pharma donors will not allow medicare for all, student debt relief, or universal childcare.

  1.   Sen. Corey Booker

Corey Booker has many great plans that can help the middle class, but he failed to articulate them last night.  He spent most of his time playing the referee.

At one point, Corey Booker said, “Well, first of all, I just want to be respond by — you know, we’ve got one shot to make Donald Trump a one-term president. And how we talk about each other in this debate matters.”

  1. Billionaire Tom Steyer

Tom Steyer is a billionaire, who has been calling for impeachment for two years. Last night was its first debate. The middle class does not know much about him.  However, one of his comments last night resonated with them.

He said, “There have been 40 years where corporations have bought this government, and those 40 years have meant a 40-year attack on the rights of working people and specifically on organized labor.”

Mr. Steyer seems to understand what needs to be done to help Americans maintain a middle-class lifestyle. But, the middle class does not know how committed he is to those issues.

  1. South Bend, Ind., Mayor Pete Buttigieg

Mayor Pete is conscious and calculated.  He thinks that Medicare for all will divide the country further than it already is.  

He told Elizabeth Warren, “I don’t understand why you believe the only way to deliver affordable coverage to everybody is to obliterate private plans, kicking 150 million Americans off of their insurance in four short years, when we could achieve that same big, bold goal”.  He continued, “ why unnecessarily divide this country over health care when there’s a better way to deliver coverage for all?”

Mayor Pete is another centrist Democrat who wants to make the system better by keeping it the same.  

  1. Sen. Amy Klobuchar 

Amy Klobuchar is another centrist Democrat who wants to make the system better without changing it. She believes that Medicare for all is a radical idea.  Her idea of long-term care is proprietary.

Long-term care insurance is an obscure part of the insurance that drives many elderly Americans and their kids to bankruptcy.  

Senator Klobuchar said that “what really bothers me about this discussion, which we’ve had so many times, is that we don’t talk about the things that I’m hearing about from regular Americans. That is long-term care. We are seeing — I once called it a silver tsunami. The aging — and then someone told me that was too negative, so I call it the silver surge — the aging of the population.”

  1. Secretary Julian Castro

Investments in infrastructure and clean energy economy can put millions of people to work.  Having a decent job that pays a livable wage, is something that the middle class appreciates.

  1. Congressman Beto O’Rourke

Beto O’Rourke support fight for 15, citizenship for Dreamers,  and broad paid family and medical leave, No doubt that those plans help the middle class greatly.  However, Beto’s staunch support for universal background checks and a gun license program is why he ranks so high on this list.

Last weekend, a popped balloon caused widespread panic at a South Florida mall.  The Town Center mall in Boca Raton was in lockdown for six hours while officers in tactical gear rushed in.

As of October 16,  there have been 337 mass shootings in the United States so far this year, according to Gun Violence Archive.  That level of gun violence makes American society paranoid and anxious.

  1. Sen. Elizabeth Warren

Mrs. Warren has proposals ranging from tax policies to student debt relief.  She has about 20 different proposals so far. Between the student debt relief and antitrust, Mrs. Warren has many policies that the middle class can benefit from significantly.

As the perceived front-runner,  Senator Warren was under fire for most of the debate.  

Senator Klobuchar might have laid the hardest blow.  She said, “and I appreciate Elizabeth’s work. But, again, the difference between a plan and a pipe dream is something that you can actually get done. And we can get this public option done. And we can take on the pharmaceutical companies and bring down the prices.”

Senator Warren endorses Senator Sanders’ Medicare for All bill, but, unlike Bernie, has been vague about how she would pay for it.

  1. Sen. Bernie Sanders 

Senator Sanders has to be the most transparent candidate in this presidential race. He has been talking about the same well-needed middle-class policies for nearly 40 years. 

Free healthcare and college are not pipe-dreams, they are what a healthy society and middle-class needs

  1. Businessman Andrew Yang

Andrew Yang might be the most “Woke” macroeconomist in this presidential race.  The country will look back 20 years from and regret not taking this guy serious. Here are examples are Yang dissected the U.S. Economy during the debate:

 “Senator Warren, I’ve been talking to Americans around the country about automation. And they’re smart. They see what’s happening around them. Their Main Street stores are closing. They see a self-serve kiosk in every McDonalds, every grocery store, every CVS. Driving a truck is the most common job in 29 states, including this one; 3.5 million truck drivers in this country. And my friends in California are piloting self-driving trucks.”

“What is that going to mean for the 3.5 million truckers or the 7 million Americans who work in truck stops, motels, and diners that rely upon the truckers getting out and having a meal? Saying this is a rules problem is ignoring the reality that Americans see around us every single day.”

The middle-class agrees with Mr. Yang’s assessment because they are going through dynamic scheduling, irregular hours, and unsteady workloads right now. 

Universal basic income (UBI) is not a handout.  It is the policy of the current U.S., perhaps, the global economy needs.  UBI recognizes that technology and advanced machine learning have created a winner-take-all economy.  Here’s another excerpt from Yang.”

“If we give the American people a tiny slice of every Amazon sale, every Google search, every robot truck mile, every Facebook ad, we can generate hundreds of billions of dollars and then put it into our hands because we know best how to use it.”

Amongst the twelve candidates on stage last night, Andrew Yang championed middle-class policies the most.

BACK TO TOP
Continue Reading
1 Comment

1 Comment

  1. Pingback: Another Major City Piloted Universal Basic Income - FMC

Leave Comment

Advertisement
American Middle Class / Nov 15, 2024

Exploring the Financial Challenges of the Unbanked: Insights from the FDIC’s 2023 Survey

The estimated reading time for this post is 266 seconds Introduction In 2023, about 4.2%...

American Middle Class / Nov 09, 2024

Should You Rent vs Buy a Home? How to Decide.

The estimated reading time for this post is 327 seconds The question of whether to...

American Middle Class / Nov 05, 2024

Creating an Emergency Fund: Why Everyone Needs One and How to Build It Quickly

The estimated reading time for this post is 331 seconds Introduction: The Safety Net You...