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Politics : Impeach George W. Bush

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From: sea_biscuit8/18/2008 5:37:39 PM
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McNuts thinks that making $5 million or more a year is the cutoff point to be called "rich" i.e. any amount less than that is not rich. Can't think of anyone more hopelessly out of touch when we consider that those who make $1.6 million a year are in the top 0.1% of the income distribution.

Of course, $5 million/year has to be rich. However, it is $4.8 million more than what most Americans would define as "rich".

As one commentator put it so well :

"Asking the world's tallest man to set cabinet heights, or the world's strongest man to decide the tension of jar lids, is going to leave you with some pretty tall cabinets and some pretty tightly closed jars.

Similarly, asking one of the world's richest men to set your tax policy will end up with a pretty skewed set of policies: Say, a tax plan that gives his wife $370,000 in breaks."
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