Tuesday, August 19, 2008

Still unbelievable...

In America, today, an annual income of $150,000 is rich. Not wildly, mind-blowingly rich, but rich. That's a weekly paycheck of almost $3,000--before taxes--while the median income would provide a weekly check of about $850.

What does John McCain think the break point to rich--just in income--is?

$100,000--per week.

If you make two and a half times--in a week--as much as the average American makes in a year, John McCain thinks that you're rich. If you make less than that, you're middle class.

The median income earner--firmly middle class, by definition, being right in the middle--makes about three times what the minimum wage earner does. Rich--at $150,000--means that you make about ten times what a minimum wage worker does.

At McCain's barely rich number?

333 times as much.

McCain's barely rich earner makes more than 33 times as much as the real barely rich person. Given the same distribution as really exists, the (mythical) median income earner in John McCain's (fantasy) world earns about $1.4 million per year. And minimum wage would be $250/hr.

And Peacebang wonders why there are some people who are hostile to the rich? It's not the mere wealth. It's the cluelessness and the arrogance--and the effect that cluelessness and arrogance has on the rest of us that stirs it. It's the class warfare that's waged as a normal daily thing on those who aren't making enough money to even exist in McCain's world.

1 comment:

kim said...

wow. interesting math. Does this mean if you're making 3 million a year, you must be barely making it? No wonder he doesn't consider the rest of us human....
Let's give him $42,000 and send him out for a year all alone to live on it. (ok, not give it to him, restrict him to it.) He wouldn't know where to begin.
Or maybe we should all just show up at his seven homes and move in.