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Fear Mongering for Fear Mongers

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iossarian6/24/2011 11:29:04 am PDT

re: #86 sattv4u2

In the ongoing debate over whether to use tax policy to help resolve the nation’s massive deficit, a single number has emerged from the crossfire: $250,000. It’s the annual income that President Barack Obama and others have used to define what it means to be “rich” in America today
[Link: money.msn.com…]

And? What does that have to do with whether income and net worth are the same thing, or not?

$250K is a lot of money regardless of where you live. There are plenty of people living in New York and LA who make far less than that.