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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