There’s class war, and rich are winning
OPS_admin | Oct 06, 2010 | Comments 0
A University of Chicago law professor created a firestorm of controversy last month when he blogged that he and his wife are barely making ends meet with their $250,000-plus combined salaries.
Professor Todd Henderson was protesting President Obama’s plan to let the George W. Bush tax cuts on income above $250,000 per couple expire at the end of the year while extending the cuts for everyone below that threshold.
Needless to say, the good professor didn’t get much sympathy. As well he shouldn’t.
The couple live in a nice house, send their kids to private schools, employ a nanny and a lawn caretaker plus have compiled a sizable retirement account. Lots of folks — 97 percent of American taxpayers, in fact — would love to be in that position and most probably wouldn’t mind paying the tax rate they were paying back in 2000 before the Supreme Court made George W. Bush the president.
Full Story: Plain Talk: There’s class war, and rich are winning.
Filed Under: Featured • social issues
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