Leave a comment

Taxing the Rich? Who is Rich?

The President wants to tax the rich  so that they pay their “fair share.”

The problem I believe is that many people no longer think $250,000 a year is rich.  The cost of living in NYC or D.C. or San Francisco, with minimum housing at $500k, is just really overwhelming.  A decent house (or a postage stamp in San Francisco for $500k), 2 cars, student loan debt, or tuition, and what’s left?

Plus, it seems that all the proposed tax increases on the “rich” will only run the government for 8 days. That does nothing to tackle the $16 trillion debt.

Just saying… you can stir up the spirit of envy and use emotion to paint the mildly successful as the “evil rich who aren’t paying their fair share.” But that doesn’t solve the deficit problem.

Comparison of inflation of college tuition and...

Comparison of inflation of college tuition and fees, medical costs, and cost of living from 1978 to 2008 (Photo credit: Wikipedia)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: