Academic

TODD HENDERSON: We Are The Super Rich. ?I, like the president before me, am a law professor at the?

By Glenn Reynolds

TODD HENDERSON: We Are The Super Rich. “I, like the president before me, am a law professor at the University of Chicago Law School, and my wife, like the first lady before her, works at the University of Chicago Hospitals, where she is a doctor who treats children with cancer. Our combined income exceeds the $250,000 threshold for the super rich (but not by that much), and the president plans on raising my taxes. After all, we can afford it, and the world we are now living in has that familiar Marxian tone of those who need take and those who can afford it pay. The problem is, we can?t afford it. Here is why.”

UPDATE: From the comments: “You should find no ear more empathetic than the President?s. The First Lady complained about the financial limits they faced living in your neighborhood and earning over $400K.”

Yes, yes she did:

?I know we?re spending ? I added it up for the first time ? we spend between the two kids, on extracurriculars outside the classroom, we?re spending about $10,000 a year on piano and dance and sports supplements and so on and so forth,? Mrs. Obama tells the women. ?And summer programs. That?s the other huge cost. Barack is saying, ?Whyyyyyy are we spending that?? And I?m saying, ?Do you know what summer camp costs???

Heh.

Full post as published by Instapundit.com on September 17, 2010 (boomark / email).