Page 8 - Consumer Class News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Prices of commodities and oil have gone down presumably because china's demand has slowed down. >> they are hit by very low commodity prices right now by exceedingly high inventories. by a population of 4 billion people who need to spend more and consume more. it's very difficult to get your population to invest more in the future when you lost 25% of the value of the shanghai stock exchanges and people who have more over very little belief in the long-term strength and well being of your economy. the challenge is how do you navigate this basket of reforms that you know are probably necessary ...

>> concede quickly there's an investor class and consumer class. consumers are citizens and they invest middle class and working class do a lot of investment. the rich folks to a hell of a lot of consuming. it's not how we grade the economic system. >> i want to thank sherrod brown for joining us. i want to have you back. it's going to be an interesting legislation. edward connor, former partner at bain capital. molly, great to have you. ed, thank you for being a good sport. i want to have you back, i really do. i enjoy arguing with you. ♪

in fact, generally speaking they get back 4.8%. i'm going to put a few kernels into their pot because they are not paying taxes. let's look at another group. this bag represents people who earn between $30 and $100,000 a year. that's about 40% of households in the united states. this group represents a contribution of 18%. 18% of the total personal tax revenues come from here. i'm going to put about two handfuls of popcorn in the bowl to represent the taxes they pay. this bag represents people who earn between $100,000 and a million dollars a year. $100,000 to a million a year. that'...

the folks at the brookings tax policy center helped us put this together. these different groups of popcorn represent your income level. the bigger the bag, the bigger the income level of the group we're talking about. i want to use the popcorn to demonstrate how much of the total pie, how much of the total tax revenue is generated by each group. let's start over here with the little one. these are people who earn less than $30,000 a year. that, by the way, is about 44.8% of all households in the united states. they don't pay a lot in income tax. in fact, generally speaking they get ...

Short while but unless you build the consumer class up and build the middle class back up housing is going to stay flat. >> a huge bubble. there was a front page story in "the washington post" on sunday about how it just hasn't been a fixable problem. obviously the president has a jobs proposal that has stalled in congress but he turned his attention yesterday to the housing market. the state of nevada has the country's worst home foreclosure rate and its highest unemployment rate at 13.4%. in a three-hour visit to vegas the president rolled out his new plan to help home owners. >> we can't wa...