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Reply #35: The problem is is $150,000 is Petty Bourgeois [View All]

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happyslug Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 10:20 PM
Response to Reply #33
35. The problem is is $150,000 is Petty Bourgeois
I agree $150,000 should NOT be Petty Bourgeois, but it appears to be, that is why this is dangerous. Revolutions occur as the income of Petty Bourgeois DROP, which is what is happening. The income break for this 3-13% group should be $250,000, NOT $150,000, but the income break for this 3-13% is $150,000 NOT $250,000. The number are clearly showing an income drop since 1980, we are just seeing it hit hard today for we no longer have house prices going up. The increase in house prices permitted people to borrow to replace the lost income. That is no loner happening thus this problem is hitting us hard right now.
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