By now everyone’s familiar with the gist of Obama’s plan to address this nations deficit and dire financial circumstances: by raising the taxes on those who are “fortunate.” For the purposes of this post, though, I’m going to set aside the fact that our problem isn’t a revenue issue but a spending issue, and focus solely on the word “fortunate.”
At what point is one considered “fortunate” – financially speaking? Well, Obama has, in the past used the $250 thousand annual salary as this magical beginning point.
You’ve probably heard numbers thrown around lately giving certain statistics regarding which “fortunate” . . . → Read More: What happens when one is considered “fortunate”?
