I repeat here a brief exchange on the post, bizarro world | the wealthy + the poor in America, because the Comments feature — properly, I expect — doesn't allow for embedded links and I thought it was important to highlight the Forbes 400 List and David Kay Johnston's Reuters reporting; which I've done below.
Nate commented on my bafflement about those who characterize America's working poor as pampered tax dodgers while painting our wealthiest citizens as beleaguered victims. Nate wrote:
Nate commented on my bafflement about those who characterize America's working poor as pampered tax dodgers while painting our wealthiest citizens as beleaguered victims. Nate wrote:
And yet both of these characterizations can be found to be true. Wealthy & middle-class citizens over-spending and tying themselves to every penny of a paycheck, underwater in a mortgage and indebted up to their eyeballs. The working poor doing enough to stay under the gov't threshold and continue to get assistance, while buying new cars, digital cable packages and the latest kicks.
