Link

The End of the Upper Middle Class?

The End of the Upper Middle Class? is a fantastic article on the Fiscal Times that I stumbled across. The funny thing is that I just happened to stumble across the original article about “making it” on $250K a year over a year ago, and that struck me too. Danica points out to me that some of the budget isn’t fair, with a lot of — strictly speaking — unnecessary line items, but I think the reality of the message holds: if taxes go up much more upon this sector of the country, you’ll just have one of the breadwinners “go John Galt” and opt out of the work force. That will result in LESS tax revenue, not more.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s