All errors should be reported to DonSurber@gmail.com

Thursday, July 07, 2022

NYT celebrates the demise of the middle class

Two stories in the New York Times spiked the ball on the demise of the middle class.

The first was "The Shrinking of the Middle-Class Neighborhood. Americans are increasingly living in areas that are either much richer or much poorer than the regional norm."

The story was a concern-trolling look at East Nashville. 

The story said, "Like many other Americans, Nashville residents are increasingly being buffeted by economic tides that push them into neighborhoods that are either much richer or much poorer than the regional norm, a New York Times analysis has found. A smaller share of families are living in middle-class neighborhoods, places where incomes are typically within 25% of the regional median.

"In Nashville, the share of families living in middle-class neighborhoods dropped by 15 percentage points between 1990 and 2020. But the portion of families in wealthy ones jumped by 11 points, and the segment living in poor neighborhoods grew by four points."

The story pointed out that in the last 30 years, each of the top 25 metro areas in the United States has seen a noticeable drop in the middle class. For example, only 36% of NYC lives in a middle-class neighborhood.

The past 30 years are the post-Reagan era which saw the rise in high tech companies and the deportation of American factory jobs to Red China and other formerly third-world countries.

Marybeth Shinn, a Vanderbilt University professor who studies homelessness and social exclusion, told NYT, "People are getting pushed out, and that is breaking up some historically sort of working-class neighborhoods.

"You gradually convert a neighborhood from a pretty modest kind of neighborhood that a lot of people could live in to one where only people that have a little more means are able to live in."

Like I said, it was a concern-trolling story.

The destruction of the middle class is part of the Democrat attack on the USA. The elitists want a nation where the 1% rule and 99% drool.

The second NYT story was "California Plans to Quit Oil. Resistance Is Fiercer Than You Think.

"Dozens of state and local budgets depend heavily on tax revenue from oil, gas and coal to fund schools, hospitals and more. Replacing that money is turning out to be a major challenge in the fight against climate change."

Democrats have loathed the oil industry ever since Edwin L. Drake built the first successful oil well in Titusville, Pennsylvania, on August 27, 1859. Oil saved the whale by ending the use of whale oil for lighting. And of course, a man named John Davison Rockefeller decided to use a waste product from oil refining to run the internal combustion engines in his refineries. We call it gasoline.

This story covered California's plan to stop drilling for oil in 2045.

It said, "Disentangling communities from fossil-fuel income poses a major obstacle in the fight against climate change. One study found that if nations followed the urging of scientists and cut emissions from oil, gas and coal deeply enough to avert catastrophic warming, United States tax revenues from oil and gas production, currently about $34 billion per year, could fall by two-thirds by 2050.

"While Kern County produces 70% of California’s oil, it is also the state’s largest supplier of wind and solar power. But renewable energy doesn’t generate as much tax revenue as fossil fuels, partly because California exempts solar panels from property taxes to spur construction. And jobs in the wind and solar industries generally don’t pay as much or last as long as those in the oil fields." 

What?

We were told windmills and the like would lead to better-paying jobs. Do you mean to tell me that higher-skilled oil workers make more money than the solar panel installers?

Kyle Meng, an economist at the University of California, Santa Barbara, told NYT, "California is about 10 years ahead of other places on climate policy, but I expect we’ll see similar issues pop up across the United States.

"When you look at how deeply oil and gas is woven into the fabric of many communities, providing money for schools and hospitals and roads, the shift to clean energy can get really complicated, really fast."

Of course, energy is only one of the uses for oil. California is banning plastic as well under the mythology that we are filling the oceans with plastic straws.

You know what is a renewable source of energy?

Whale oil.

Maybe we should go back to hunting whales.

Judy Collins would be pleased.

17 comments:

  1. That story about middle-class areas disappearing sadly rang true for me. When my family moved into our home in 1986, it was a nice, but modest middle-class family neighborhood. (All we could afford.) Now, homes around here commonly sell for a million dollars and I'm surrounded by people driving Teslas and Maseratis. The only non-rich residents are old-timers like me. It's pretty sobering to think that there's no way in hell I could afford to move to this neighborhood today.

    ReplyDelete
    Replies
    1. Move to a Republican state, Jeffery.

      Delete
    2. Randy says: If you’re living in a million dollar house that you paid $200K—$250K, sell that sucker and move to a red state, where the cost of living is lower. With the interest rate going up, home prices have to come down. You’re at or slightly past peak sales price.

      P.S. Can’t sign in with my name now, even though I could do so on the 11 am posting. Sigh!

      Delete
    3. Red state (sometimes purple) Montana is having the same problem. The average house price in Bozeman is $900,000. Media list price in Missoula is $550,000.

      Delete
  2. each of the top 25 metro areas in the United States has seen a noticeable drop in the middle class.

    How many of those metro areas are in Lefty paradises being fled by the middle class?

    The middle class isn't going away. It's just moving to nicer neighborhoods.

    ReplyDelete
    Replies
    1. The key is the term " metro" democrats have run ( into the ground) most cities and most cities are s hitholes, defund police release criminals, decriminalize darn near everything...what do you expect

      Delete
  3. Tennessee: Red Republican state. I know, because I live here. We also enjoy a majority republican Legislature. However, Nashville is under the thumb of a Democratic Mayor and a boat load of progressive, black Democratic politicians. Hence, it qualifies for the Lefty paradise you are referencing.
    Folks: move to a Red state and stay out of the big cities. Green Acres is the place to be!

    ReplyDelete
    Replies
    1. Randy says: Same is true in Florida. Bright red everywhere except in Miami, Ft Lauderdale, West Palm Beach, Orlando, Tampa, Jacksonville, and Tallahassee.

      Delete
    2. Brian is correct. I had a home in East Nashville and made 180k profit on it. Bought a nicer home 20 miles from town and now it's worth more than the previous house I sold.

      Delete
    3. The Dick says: Overinflated home costs in Polk County Florida have started to slow, but not all. Old homes that sold for $125,000 three years ago are getting some lipstick on that pig and selling for $350-400,000. Most sold in less than 4-5 days. Now they are still pushing high prices to list, but are starting to come down because lack of buyers. The housing market is slowly going south, but that doesn't mean the Northerners should follow suit...

      Delete
  4. The first green energy lie was that the transition would be cheap and wind and solar were free.

    ReplyDelete
  5. Only foolish people drive Maseratis. They break all the time and are next to worthless on the resale market.

    ReplyDelete
    Replies
    1. But they never rust, they catch fire first.

      Delete
  6. I understand the the New York Times has particular expertise and experience in reporting about intentional genocide of the kulaks. They did quite the bangup job back in the 1921-1923 in Ukraine defending the powerful and covering up their crimes. I have no doubt they are prepared to make a repeat performance.

    ReplyDelete
  7. If California is 10 years ahead of the rest of the country, we can see the future. Stop the madness now. No one wants to be like California.

    ReplyDelete
  8. OK, let's ban plastics, and put medicine back to, say, 1948. Get rid of all the plastics in all the hospitals. Do it now, California. Then the Democrats will have only the homeless and criminals to govern. But whom will they tax?

    ReplyDelete
  9. More customers for West Virginia.

    ReplyDelete