Rare Yglesias Google Fail
(Dan here…lifted from Robert’s Stochastic Thoughts)
Rare Yglesias Google Fail
(Most boring title after “Worthwhile Canadian Initiative” but I couldn’t resist) Web savvy ultra wonk Matthew Yglesias wrote “There’s no polling on specific brackets or exactly who counts as rich that I can find,” Matty just google [income to be rich poll]. Jeez. Americans have varying ideas of how much money you need to earn each year to be considered “rich,” but most people say you need to bring in at least $1 million per year. Notice that the possibility that one is rich because of high wealth not high income is too weird to even mention. That’s rich.
You make it sound as if it wasn’t intentional, which given little Matty’s neoliberalism, I guarantee you it was.
Seems intentional – “Nobody can decide what ‘rich’ is, so throw up your hands, we can’t possibly make any tax policies that target the rich.”
Anyone in America whose income is in the top 20% should be considered rich. Similarly, anyone in America whose wealth is in the top 20% should be considered rich.
Joel:
Not sure I would do 20%. 10% is rich in income.