I am busy writing up a couple of longish posts, so here is something to keep you entertained for the rest of today. As many of you know, Mitt Romney has a long history of making remarks that betray his general disconnect from the vast majority (as in over 95%) of Americans. Here is the latest example-
“No one can say my plan is going to raise taxes on middle-income people, because principle number one is (to) keep the burden down on middle-income taxpayers,” Romney told host George Stephanopoulos.
“Is $100,000 middle-income?” Stephanopoulos asked.
“No, middle-income is $200,000 to $250,000 and less,” Romney responded.
However the median income of individuals in the USA is about 27,000 $/ yr. The “average” (not median) household income is barely 50,000 $/yr, and the median household income is very likely less than that (somewhere between 35-45,000 $/ yr.
Only 6% of Americans make over 100,000 $ /yr. Therefore, even under the most optimal of circumstances only 5-6 % of American households (probably less than that) could be considered “middle” income based on Mitt Romney’s criteria.
So is the guy out of touch, the messenger of a latin-america type plutocratic future or possibly both?
What do you think? Comments?