Friday, October 19, 2012

Middle Class? Only in Romneyworld



In a campaign speech the other day, Mitt Romney claimed his tax plan would eliminate taxes on capital gains and dividends for middle class Americans.  What he failed to mention is the fact that 70% of people declaring income from capital gains are the top 1% of income earners.  This leads one to wonder just what Romney considers to be middle class.  If Romney uses his own financial situation as a basis for comparison, he probably considers his $22 million income to be middle class compared to other hedge fund managers who have enjoyed earnings in the billions of dollars.  Compared to some of his contributors like the Koch Brothers, Sheldon Adelson, or Foster Fries, Mitt would probably be “middle class”.  The problem with Romney is, and has been, the reality that he is completely out of touch with Americans.  He has no idea what it means to be middle class.  As he has said in the past, need money to go to college or start a business, borrow from your parents.  Most middle class people do not have parents wealthy enough to fund their business or their education.  Someone needs to tell Mitt that is why they are middle class.  They are not poor or destitute, but they also are not wealthy enough to buy their children starter homes or pay their college tuition without massive debt on the part of both themselves and their children.  Middle class Americans go to work for a paycheck every day and do not have the luxury of clipping coupons or the ability to live on unearned income like dividends and capital gains.  How can Romney propose policy that will grow the middle class if he has no understanding of just who is middle class?  Unfortunately, many of the middle class are getting their cues from Rush or Fox and although the Republican agenda has been contrary to their interests and has worked to decimate their numbers since 1979, will believe the lies and misinformation that come from the mouths of Romney, Ryan, and others on the right.

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