About Us
Mission Statement
Rules of Conduct
 
Name:
Pswd:
Remember Me
Register
 

What is Rich?
Author: Raine    Date: 09/13/2010 13:16:01

After a long contentious August and first few weeks of September, Congress returns to DC today. Congress will be battling the contentious *Tax Cut* battle. When I say Tax Cuts, it's really important to stress that this is NOT a tax hike-- as many in the GOP have been trying so hard to get people to believe. Sadly, many do believe this as evidenced by the second annual 9/12 Tea party Taxpayer March that occurred yesterday in DC. As I looked at the pictures, all I could think was that most of the people marching and protesting already HAD tax cuts. Most of those people were marching at the behest of Freedomworks, headed by Dick Armey, who would NOT benefit from the WH plan to keep all the tax cuts except for those earning over 250,000 dollars. It would do well for people to recall that the Original idea of the Tea Party was to protest taxes -- nowadays they just protest EVERYTHING, it seems.

Yesterday, however, I was particularly surprised at Minority Leader Boehner when he said on Face the Nation:
"If the only option I have is to vote for those at [$250,000] and below, of course I'm going to do that," Boehner said. "But I'm going to do everything I can to fight to make sure that we extend the current tax rates for all Americans."
Sounds like a good thing to me. I will be honest, I am very skeptical of anything that this man says and does. That isn't my point, though. John Boehner seems to be apologizing in advance to those that earn over 250,000, as though they may suffer. Matthew Yglesias from Think Progress points out something interesting about this $250,000 number:
One of the craziest notions to take hold in American politics is the idea that in some high-income geographical areas represented by Democrats in Congress, households earning over $250,000 a year aren’t "really" rich.

Jim Himes of Connecticut, for example, claims that this amount of money "does not make you really rich" which Annie Lowrey explains as driven by the fact that "Fairfield County, which Himes represents <...> is one of America’s wealthiest counties." And so it is. But even in the very richest county in the United States of America a household earning $250,000 per year is 226% of the county’s median income. The median household in Himes’ congressional district earns $66,598. In Manhattan it’s similar—$66,525.

In a separate item earlier this week Lowrey made the case for more tax brackets which I think would do a good job of capturing the intuition that there’s a difference between earning $300,000 a year and earning $30 million. But there’s no getting around the fact that people making "only" a couple hundred grand are, in fact, making much more money than most people.
One could argue the definition of *rich* but I would submit that those earning more than 250,000 dollars a years should be able to shoulder far more of the burden than they are now. Ezra Klein from WaPo Writes:
http://voices.washingtonpost.com/ezra-klein/income_distribution_in_new_york_city.png


Arguments over income taxes tend to get bogged down in arguments about who is really "rich." And what you hear then is that rich in Ohio and rich in New York City are different. But how different?

According to the Census Bureau, only 6.3 percent of New York City's households pulled in more than $200,000. So if you're a household making $250,000 or more, you're easily in the top 5 percent -- even in New York City.

Now, it's true that those people might not "feel" rich. There's lots of stuff to buy in New York City. It's pretty easy to construct a lifestyle where you spend $250,000 a year. In Columbus, Ohio, only 1.3 percent of households make more than $200,000, so there's less stuff for them to buy and fewer rich people for them to try to keep up with. But what you buy and whether you try to keep up with the people in the penthouse is a personal decision, not an objective economic necessity. The fact of the matter is that a household making $250,000 in New York City is making more than pretty much anyone else in the city. Being rich is more than just a feeling.
I'm not trying to create an eat the rich blog here. I believe that people should be able to earn as much money as they want, but to act as tho lifting the Bush Taxes cuts for only those earning over $250,000 unfairly taxes those that aren't truly economically affluent is disingenuous. New York City, Fairfax County, Va and Orange County, Ca are indeed more expensive to live in than Ohio, and Kansas --there is no debate to that -- but this is still a significant amount of money, and there is nothing wrong with asking people to pay a more fair share of the burden. Right now the middle class is bearing the brunt of this recession. Teapartiers don't seem to realize they are marching for Dick Armies right to pay FAR less proportionately than they in taxes. Everyone seems to want to reduce the deficit, what many don't seem to realize is that a large portion of this deficit was cause by the Bush Tax Cuts. From 2005:
http://www.cbpp.org/archivesite/1-25-05bud-f1.jpg


And then there is this chart:
http://sg.wsj.net/public/resources/images/NA-BH188_TAXES_NS_20100725185218.gif

A couple with 2 children earning $300,000 would be paying only $4,000 more a year. That might mean cutting back, I know, but $4000 is an awful lot more to a family of 4 earning earning $70,000 a year. I suspect a few less dinners out or maybe a few less lattes. As Ezra Klein pointed out, no one forces anyone to move into a house with a 5,000 a month mortgage or buy a car with a $600 dollar a month lease.

What is rich? I don't know, but I do know that $250,000 dollars a year is a lot of money. I suspect even the Tea Partiers would agree with that if they would stop the vitriol and listen to what they have deemed the "liberal Media" for just a few moments.

and
Raine
 

36 comments (Latest Comment: 09/13/2010 23:03:38 by TriSec)
   Perma Link

Share This!

Furl it!
Spurl
NewsVine
Reddit
Technorati

Add a Comment

Please login to add a comment...


Comments:

Order comments Newest to Oldest  Refresh Comments

Comment by TriSec on 09/13/2010 13:22:06
Morning, comrades.

Comment by velveeta jones on 09/13/2010 13:31:05
Errrr. Ahhhhh. Errrrr...... good morning!

Ya know, Reagan increased revenue by adding new taxes (especially for people like me who worked freelance). That's my response when RWers start complaining. :D

Comment by BobR on 09/13/2010 13:34:14
I agree we shouldn't "eat the rich"... however, nibbling around the edges seems okay...

Comment by livingonli on 09/13/2010 13:42:19
Good morning all.

Doctor's appointment this morning so I will be heading out soon. I had the Stephcam on and could watch her eating breakfast during the commercial break. Nothing like radio on the edge.

Comment by velveeta jones on 09/13/2010 13:47:16
Did I hear Steph say that both Rick Sanchez and Geraldo "bottom feeder" Rivera are on?
:blink:
Eww.

Comment by Raine on 09/13/2010 13:51:23
Quote by velveeta jones:
Did I hear Steph say that both Rick Sanchez and Geraldo "bottom feeder" Rivera are on?
:blink:
Eww.
*sigh* this should be interesting.




Comment by Raine on 09/13/2010 14:08:34
and here he is --- Geraldo.



Comment by Raine on 09/13/2010 14:20:23
This pretty much sums up all the faux anger.



Guy doesn't even know why he's holding this sign.



And even given a small fact about Cordoba house, he chooses to ignore it.



Willful ignorance is dangerous.

Comment by TriSec on 09/13/2010 14:30:24
Say now, I thought Islam was the enemy. Why are we selling weapons to them?



Comment by Scoopster on 09/13/2010 14:37:11
Morning all & Happy Mondee!

I just have to say that I'm VERY happy with the recent Dem strategy of demonizing Orange Johnny. To those of us that are neck deep into political activism, Boehner's asshatery is nothing new and we know what he and the Republicans would do if they regained control of the House. To the independents and those who don't pay much attention (or who don't have access to the information), it's a different story. They only hear Obama, Pelosi and Reid and have no one else to direct their anger. Putting Boehner's name, jersey shore-esqe tan, and his constant stream of stonewall opposition to getting anything truly positive done is a brilliant move. And they timing's pretty good as well.

Comment by BobR on 09/13/2010 14:40:46
Quote by Raine:
This pretty much sums up all the faux anger.

Guy doesn't even know why he's holding this sign.

And even given a small fact about Cordoba house, he chooses to ignore it.

Willful ignorance is dangerous.

So - the "mosque" needs to be moved because Islam supposedly was intolerant in the past, and is intolerant elsewhere in the world, even though this is America where we're supposed to be more tolerant...

Comment by BobR on 09/13/2010 14:42:08
In case she pays us a visit today,

HAPPY BIRTHDAY MFAYE!!!



Comment by TriSec on 09/13/2010 15:22:41
When was the last time a Pearl Harbor anniversary made the front page?

I won't and can't forget, but it's time to think about looking ahead instead of behind.

I am sorry to be a New Englander today. The Portland Press Herald insults us all.



Comment by TriSec on 09/13/2010 15:29:52
Cross-posted to UNN, Raine.



Comment by TriSec on 09/13/2010 15:33:38
Remember this; when it's time for the annual "Warron Christmas" whining, the Portland Press Herald has officially made it necessary for every media outlet in the US to apologize for any front-page coverage of any religious ceremony from this moment forward.

I'm on the verge of dropping a bombshell here, folks.



Comment by TriSec on 09/13/2010 15:45:33
Comment by Raine on 09/13/2010 15:48:47
I'm just stunned that they apologized -- the lack of Journalistic integrity is heartbreaking.



Comment by Raine on 09/13/2010 15:54:38
Jefferson.

Comment by Raine on 09/13/2010 15:54:55
I win!

Comment by Raine on 09/13/2010 15:58:22
Ther eis a serious full court press from the Boehner camp to make him look like a good guy.

i susect he knows that he may very well have some serious problems with his lobbyist ties.



Comment by Raine on 09/13/2010 16:07:43
See this?

http://inlinethumb32.webshots.com/31775/2849517690082084340S600x600Q85.jpg
These were Lady Gaga's escorts last night at the VMA's.

They were all kicked out of our nations military as the result of DADT.

Check it out. I think she is over the top in a very glam rock way -- for that I really do like her. I even enjoy some of her music -- but for doing this?

She gets respect!

Comment by Raine on 09/13/2010 16:10:08
Oh fucking hell no. Ed just said WHAT? the cowboy's got screwed last night?


No no no... Sorry Ed. FU. That holding call was deserved -- it was a BAD penalty and deserved to be called.


Comment by livingonli on 09/13/2010 16:33:20
I'm back. It was that kind of day.

As I head off to the doctor, turns out there's a major accident on the Southern State Pkwy. closing the right and center lanes and I end up sitting in a traffic pile-up which caused me to be an hour late to my appointment. At that point, the doctor had finished the morning session and I was able to reschedule for Wednesday afternoon. At least I didn't have to pay for the visit since they accepted that it was beyond my control.

Comment by Raine on 09/13/2010 16:44:59
Quote by livingonli:
I'm back. It was that kind of day.

As I head off to the doctor, turns out there's a major accident on the Southern State Pkwy. closing the right and center lanes and I end up sitting in a traffic pile-up which caused me to be an hour late to my appointment. At that point, the doctor had finished the morning session and I was able to reschedule for Wednesday afternoon. At least I didn't have to pay for the visit since they accepted that it was beyond my control.
Damn that sux.


Comment by BobR on 09/13/2010 16:48:29
Quote by Raine:
Oh fucking hell no. Ed just said WHAT? the cowboy's got screwed last night?


No no no... Sorry Ed. FU. That holding call was deserved -- it was a BAD penalty and deserved to be called.

too bad Ed...

Comment by TriSec on 09/13/2010 16:49:48
http://www.weareca.org/images/period06/b-japanese-americans/i-aman-american.jpg


Dorothea Lange, A grocery store owned by a Japanese American in Oakland, California; courtesy the Bancroft Library, U.C. Berkeley. Following evacuation orders, this Oakland store was closed. The owner, a University of California graduate of Japanese descent, placed the I AM AN AMERICAN sign on the store front on December 8, the day after the Japanese attack on Pearl Harbor.

Comment by livingonli on 09/13/2010 17:00:16
Can the share function revert back to the 3.0 version? The 3.1 version doesn't quite work the same way and I just copy and paste the link on my facebook page

Comment by Raine on 09/13/2010 17:19:16
Quote by livingonli:
Can the share function revert back to the 3.0 version? The 3.1 version doesn't quite work the same way and I just copy and paste the link on my facebook page
We'll work on fixing it.

Comment by BobR on 09/13/2010 17:51:18
Quote by livingonli:
Can the share function revert back to the 3.0 version? The 3.1 version doesn't quite work the same way and I just copy and paste the link on my facebook page

What kind of problem are you having? It works fine for me...

Comment by BobR on 09/13/2010 18:15:07
Quote by BobR:
Quote by livingonli:
Can the share function revert back to the 3.0 version? The 3.1 version doesn't quite work the same way and I just copy and paste the link on my facebook page

What kind of problem are you having? It works fine for me...

Never mind - I believe I've duplicated the problem in FireFox...

Comment by livingonli on 09/13/2010 18:23:06
Quote by BobR:
Quote by BobR:
Quote by livingonli:
Can the share function revert back to the 3.0 version? The 3.1 version doesn't quite work the same way and I just copy and paste the link on my facebook page

What kind of problem are you having? It works fine for me...

Never mind - I believe I've duplicated the problem in FireFox...

It seems to do a weird re-routing to a hyperlink and then stops.

Comment by BobR on 09/13/2010 18:45:18
Quote by livingonli:
Quote by BobR:
Quote by BobR:
Quote by livingonli:
Can the share function revert back to the 3.0 version? The 3.1 version doesn't quite work the same way and I just copy and paste the link on my facebook page

What kind of problem are you having? It works fine for me...

Never mind - I believe I've duplicated the problem in FireFox...

It seems to do a weird re-routing to a hyperlink and then stops.

Fixed - apparently Digg has changed their API for submitting articles, so I am rewriting that. I will investigate if Fark changed theirs as well...

(maybe I should check ALL of them...

Comment by BobR on 09/13/2010 19:34:21
Quote by BobR:
Quote by livingonli:
Quote by BobR:
Quote by BobR:
Quote by livingonli:
Can the share function revert back to the 3.0 version? The 3.1 version doesn't quite work the same way and I just copy and paste the link on my facebook page

What kind of problem are you having? It works fine for me...

Never mind - I believe I've duplicated the problem in FireFox...

It seems to do a weird re-routing to a hyperlink and then stops.

Fixed - apparently Digg has changed their API for submitting articles, so I am rewriting that. I will investigate if Fark changed theirs as well...

(maybe I should check ALL of them...

OK - so I fixed the Digg and FarkIt links problems and added them back in. Let me know if you still have problems...

Comment by TriSec on 09/13/2010 23:03:38
Well, thpth.

http://blog.holidays.net/wp-content/uploads/2007/04/04282007hb.gif