Legal Commentary

Is Making 250K A Year "Ordinary?"

By Big Tent Democrat

Kevin Drum thinks so:

Taxing the million-dollar bonuses is one thing — I may be a little ambivalent about that, but overall I don't think it's all that problematic — but the bill that passed last night taxes away bonuses from anyone with a household income over $250,000. That's a couple of mid-level analysts. This is likely to hit tens of thousands of fairly ordinary workers who had nothing to do with AIG's troubles and who simply don't deserve this kind of treatment.

Memo to Kevin, these "ordinary" AIG employees who make over 250,000 a year would be out of a job if the federal government had not bailed out AIG. The unemployment rate in the country is 8.2% and climbing. Believe me, there are better examples for your concern. Oh by the way, this newfound concern for those ordinary $250K/year earners? Does that mean you now support the Bush tax cuts? Do you oppose rolling them back? Migawd, some of the things we are reading now are just incredible. Finally, if there is a good policy purpose to not taxing the lower ends of the rich employees of AIG, then let's hear it. But to expect sobbing over people who have jobs, who make $250k/yr and who have their jobs thanks to incredible amounts of government money, well, that's just too much.

Out of touch is the proper description of what this exemplifies.

Speaking for me only

Full post as published by TalkLeft on March 21, 2009 (boomark / email).