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1 webevintage  Mon, Sep 20, 2010 4:46:17pm

Righteous Op-Ed.

2 Jeff In Ohio  Mon, Sep 20, 2010 4:58:09pm

I posted this link this morning in the AM thread. Here's Brad Delong on Todd Henderson after he complained he's "not rich.": There's a considerable amount of snark going on about names.

[Link: delong.typepad.com...]

But Mr. Henderson's (or whoever's) comment and his post were, overwhelmingly, not an argument for a small government.

They were an argument that whatever taxes were paid, he should not have to pay more than he is currently paying because it is unfair: he is not "rich".

It seems Mr. Henderson, a law professor at the University of Chicago (surprise!) makes $455,000 a year.

And not to be unfair to the other people who are 'not rich', but if that ain't rich, then we are poor.


Oh and


Class War!!111!!

3 Romantic Heretic  Mon, Sep 20, 2010 5:16:18pm

Living on a disability pension that comes to a little more than $9,000 a year I find it very hard to sympathize with people like Mr. Henderson.

4 elizajane  Mon, Sep 20, 2010 6:07:09pm

Thanks for posting this. In a sense, it doesn't really bother me that rich people whine. It bothers me that they've got people making 1/10 of their income convinced that they are ENTITLED to whine, that somehow if you make 450,000 you are one of these people who will miraculously provide jobs for others. Give me a break. I'll bet the only people Henderson provides jobs for are his graduate research assistants ($10/hr?) and his illegal immigrant gardener and nanny.
Have we all seen how Colin Powell's been trashed from the Right for saying the unsayable, that he has illegal immigrants doing construction work on his house? "THis man belongs in prison! I always knew we Americans couldn't trust him!" It's that pathetic.

5 Max  Mon, Sep 20, 2010 6:20:06pm

After Krugman called for a second stimulus last July, I can't take him seriously.

6 jc717  Mon, Sep 20, 2010 7:28:42pm

It really is amazing how out of touch some folks get. I'm fortunate enough to be affected by the tax bump if Bush's taxes on the wealthy expire. I say that it's about damned time. When I first heard a blurb about Bush's tax cuts in 2001, I thought that the details were a joke; yet those things passed. The US needs a strong middle class to grow. At the end of the day, the rich and the poor don't matter; it's all about the middle class. Yet somehow, folks have accepted the meme that trust fund brats are the driver of America's growth.

7 cliffster  Mon, Sep 20, 2010 7:37:59pm

Oh, those evil rich people. We should seize all their property and put them to work on highway crews.

8 Gus  Mon, Sep 20, 2010 7:43:05pm

re: #7 cliffster

Oh, those evil rich people. We should seize all their property and put them to work on highway crews.

Yes. Because every time someone criticizes the rich a kitten dies. Additionally, the logical conclusion is that whomever criticizes the wealth class also wants to "seize all their property and put them to work on highway crews." Either that or they're Communists. Clearly, criticism of the rich must be avoided to help maintain order and the status quo.

9 cliffster  Mon, Sep 20, 2010 7:46:21pm

re: #8 Gus 802

Yes, that generalization is almost as stupid as saying that anyone who is rich is a "trust fund brat". Actually, no, the "trust fund" bit that I've been hearing almost nonstop lately is way stupider. But, tit for 1/10 tat...

10 Gus  Mon, Sep 20, 2010 10:37:15pm

re: #9 cliffster

Yes, that generalization is almost as stupid as saying that anyone who is rich is a "trust fund brat". Actually, no, the "trust fund" bit that I've been hearing almost nonstop lately is way stupider. But, tit for 1/10 tat...

I see you're not putting much thought into this and relying only on previous interactions with other members at LGF. If you read the article you will note that there is no mention of "trust fund brats".

11 [deleted]  Tue, Sep 21, 2010 1:29:36am
12 antigone  Tue, Sep 21, 2010 2:32:59am

That's funny - everything I've read indicates that fewer and fewer people are able to climb up the ladder of social class. In fact, your apparently fabricated statistic that more than 50% of the people on the bottom move up each decade seems implausible on the face of it.

Here's some actual information on just how "sticky" american social classes have become:

[Link: www.economist.com...]

If you are not a subscriber to The Economist, here is a copy that is not paywalled:

[Link: www.phenomenologycenter.org...]

13 Jeff In Ohio  Tue, Sep 21, 2010 4:11:59am

re: #7 cliffster

Oh, those evil rich people. We should seize all their property and put them to work on highway crews.

Yes, that is the alternative. Eat the rich, or let them eat you. Fried or pit BBQ?

14 What, me worry?  Tue, Sep 21, 2010 6:55:00am

re: #11 mcnealystephanie

The disingenuous Doctor Krugman knows very well that there is no fixed class of "the Rich" in America. Those at the top of the income pyramid during one decade have a greater than 50% chance of moving down the pyramid by the next while those on the bottom are even more likely to have moved up. This constant demonization of those who make a good livelihood for a period of time is so destructive in the misinformation it transmits and the unjustified class warfare it foments.
The truth is there is no fixed class of "the Rich" in America and there never has been. The closest thing there is to a fixed upper class is the one that Mr Krugman and the Democrats are attempting to create by their continued attempt to concentrate power and money in the hands of the federal government and the elite ruling class that dominates it and that he doggedly supports.

Look at the facts of income mobility in the US and you will see I am correct in what I say and that Mr. Krugman prevaricates by his clever use of misinformation.

The greatest risk to our great country is the continued huge deficit spending and resultant monetization of the debt that Mr Krugman heedlessly encourages.
Stephanie Mcnealy
Famous Philanthropists Customer Service Team

Do you live on some other planet than the rest of us? Or do you just utter these words to keep you warm at night while 98% of the country suffers?

That's right. The Rich do not exist and it's just the poor huddled masses... who really are the rich ones.... or who are trying to concentrate power or something, because Republicans don't want to concentrate power... ok ??

You logged in to just say this? Take your trolling elsewhere.

15 garhighway  Tue, Sep 21, 2010 7:32:37am

re: #5 Max D. Reinhardt

After Krugman called for a second stimulus last July, I can't take him seriously.

Of course not. Taking people who got it right seriously is so, so difficult.

16 garhighway  Tue, Sep 21, 2010 7:37:46am

re: #11 mcnealystephanie

The disingenuous Doctor Krugman knows very well that there is no fixed class of "the Rich" in America. Those at the top of the income pyramid during one decade have a greater than 50% chance of moving down the pyramid by the next while those on the bottom are even more likely to have moved up. This constant demonization of those who make a good livelihood for a period of time is so destructive in the misinformation it transmits and the unjustified class warfare it foments.
The truth is there is no fixed class of "the Rich" in America and there never has been. The closest thing there is to a fixed upper class is the one that Mr Krugman and the Democrats are attempting to create by their continued attempt to concentrate power and money in the hands of the federal government and the elite ruling class that dominates it and that he doggedly supports.

Look at the facts of income mobility in the US and you will see I am correct in what I say and that Mr. Krugman prevaricates by his clever use of misinformation.

The greatest risk to our great country is the continued huge deficit spending and resultant monetization of the debt that Mr Krugman heedlessly encourages.
Stephanie Mcnealy
Famous Philanthropists Customer Service Team

Thank you for that completely fact-free dissertation.

Come back when you can show us that upward income mobility out of the lower brackets is more likely than downward mobility from the upper. Because that sounds like complete and utter horseshit to me.

17 cliffster  Tue, Sep 21, 2010 7:48:03am

re: #10 Gus 802

Actually, I wasn't referring to the article, I was as you say referring to prior comments by people on LGF. Like, for example, the one directly before my first comment on this thread.

18 Fozzie Bear  Tue, Sep 21, 2010 8:07:14am

It never fails. Several misinformed middle class people will always leap to the defense of rich people who are horrified, just horrified, that their tax rate might rise slightly. Hyperbolic paranoiac references to seizing property "highway crews" garner bonus points with wingnuts, apparently.

19 Jeff In Ohio  Tue, Sep 21, 2010 9:35:51am

re: #15 garhighway

Of course not. Taking people who got it right seriously is so, so difficult.

Well, give Max credit, he obviously took Krugman seriously when Krugman stated in January 2009 the first stimulus was to little and unfocused and while it will save the economy from spinning into the toilet, by the summer of 2010 it will have petered out.

Max was for more stimulus before he was against it.

20 Max  Tue, Sep 21, 2010 1:51:19pm

re: #19 Jeff In Ohio

Max was for more stimulus before he was against it.

Bullshit. I never said that I supported Stimulus I.

21 jc717  Tue, Sep 21, 2010 2:50:26pm

re: #20 Max D. Reinhardt

Max,

What were your problems with Stimulus I?
1) Too big? if so, how big should it have been?
2) Too small? if so, how big should it have been?
3) Targeted at the wrong things? if so, how would you have targeted it?

22 Jeff In Ohio  Tue, Sep 21, 2010 3:15:47pm

re: #20 Max D. Reinhardt

Bullshit. I never said that I supported Stimulus I.

Then I'm not understanding why it took till Krugman suggested further stimulus would be necessary for you to discredited anything he might have to say.

Maybe you would have said he was full of shit when he predicted the housing bubble in 2006, or in 2007 when he warned that the subprime lending could spread to the financial system at large, or maybe in 2008 when he claimed we were already in a recession, or possible just last year when he stressed that inflation was nothing to worry about, but stagflation or even deflation were the real threats.

23 Jeff In Ohio  Tue, Sep 21, 2010 3:55:38pm

re: #19 Jeff In Ohio

Rating: -2
Total: 2

Minus: 2
Max D. Reinhardt, SteelPH

Plus: 0

Nice. Why don't you folks make your case instead of flailing around like babies who dropped their binkies.

24 Interesting Times  Tue, Sep 21, 2010 4:08:56pm

re: #23 Jeff In Ohio

Rating: -2
Total: 2

Minus: 2
Max D. Reinhardt, SteelPH

Plus: 0

Nice. Why don't you folks make your case instead of flailing around like babies who dropped their binkies.

In the case of SteelPH, it may have been a mouse misfire, given their other updings in this thread (e.g. Fozzie's comment and the original post itself).

25 Henchman 25  Tue, Sep 21, 2010 9:24:13pm

re: #24 publicityStunted

Yea, it was. Sorry about that.


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