@nimh,
nimh wrote:
H2O MAN wrote:New Mexico Gov. Bill Richardson has just pegged the middle class as those making $120,000 and under.
$120,000 is about two and a half times the median household income, and four times the median individual income.
About 80% of the US population earns less than a $120,000 family household income.
So yeah, as a criterium for the middle class, that sounds fairly reasonable.
Question is, what does this actually have to do with anything?
Governor Richardson was stumping for Barack Obama when he said it. So now we have Obama citing $250,000 and up as "rich" with the "Middle Class" below that number--then in another stump speech $200,000 was the figure cited--Biden comes in at $150,000--and now Richardson brings it down to $120,000.
Mark my words, if Obama is elected next Tuesday, he will fairly quickly have to admit that he can't give everybody under $250,000 a tax cut AND implement his grand plan to produce Utopia in the USA by raising taxes on the rich. But we can't say that we weren't warned. He meant those lower numbers all along you see--and it isn't as if we weren't informed.
Also, we who have been paying attention know that our taxes are going up as soon as the Bush tax cuts expire unless Obama reneges on his promise to allow that to happen.
Oh, and Obama also informed us today that if we don't want to pay more in taxes, we are 'selfish'.