food for thought
In Los Angeles County [...] the median income in 2007 was $53,494. Even in Beverly Hills the median income was only $70,945, at the height of the tech bubble. Yet Roger Simon believes there is a large constituency of "middle class" people who make $250,000 a year. And that's because he and his friends all make at least that much and they think they are middle class. They aren't. Those reporting adjusted gross income of more than $250,000 to the IRS are projected to make up 2 percent of households (in 2008.) There is no way that can possibly be considered "middle" class. It's ridiculous.
And you know, the fact that the blasted media keeps repeating that tripe about $250K being somehow, freaking, MIDDLECLASS gets everyone else thinking the same thing. Which is how the whole "Death Tax" claptrap was spread as well. Makes me just want to scream. It's a very good article over there, go read the whole thing. Just make sure there's a nice padded spot handy for your headdesking...
And you know, the fact that the blasted media keeps repeating that tripe about $250K being somehow, freaking, MIDDLECLASS gets everyone else thinking the same thing. Which is how the whole "Death Tax" claptrap was spread as well. Makes me just want to scream. It's a very good article over there, go read the whole thing. Just make sure there's a nice padded spot handy for your headdesking...