Are you rich?

Probably the best thing to come out of this election season, at least from an economic standpoint, is the definition of the middle class. I remember in 2004 screaming (metaphorically) that saying "middle class tax cuts" wasn't enough, because too many people think that they're wealthy. You have to put a hard number on it, and Obama has been doing it all year.

$250,000 a year.

If you make less than that, you're not rich. If you make more than that, vote Republican unless social issues mean more to you.

You know what the median income for American families is? $54,000 a year. Median, for those who are unaware, means half of the households make more and half make less. That's practically a definition of the middle class, but for rhetorical purposes, Obama has raised the bar a lot, and you know what that does? It makes most of America middle-class.

There's no ambiguity anymore. There's a number--$250,000 a year as a household. Make more than that, you're not middle class anymore, and you'll probably pay a bit more in taxes. As someone who makes a lot less than that (and I'm far from alone), I can deal with that. Sounds really fair to me, as a matter of fact.

This is an economic election, and the battle lines have been drawn at $250K a year. WHo are you going to vote for?

Newer Post Older Post Home