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Monday, August 25, 2008
You Might Be an Elitist (4)...
...if your wife's $100 million of inherited dough puts you in the top 100th of the top one percent of the nation's wealthiest people. John McCain's joke that $5 million might make you rich was setting a low threshold indeed for the 15,000 Americans in his money bracket, but not for the rest of us 301 million lower-income slobs. McCain's tax plan "delivers by far the biggest boost to the average incomes of the richest households; Obama's plan does the opposite. McCain really does double-down on Bushonomics, which takes the inequities inherent in today's market outcomes, and injects them with a dose of steroids" ("Why McCain's Wealth Matters").
Labels: Bush economy, elitism, John McCain
