September 22, 2011
Yesterday, I introduced you to John Fleming, a Congressman who laments that he only has $400,000 left over after expenses for his business and other payments. It’s also after, according to his interview, he spends $200,000 to feed his children.
And just what, exactly does someone buy with a $200,000 annual grocery bill?
Groceries for 61 families for a year. On average, a family will spend around $3,240 annually.
571 Playstation 3’s. Of course, if he went to eBay…
Between 130 and 250 purebred puppies. Kids need puppies!
200 servings of Serendipity ice cream: gold leaf, infused with Madagascar vanilla, Amedei Porceleana chocolate (the world’s most espensive), chunks of rare Chuao chocolate, exotic candied fruits from Paris, gold dragets, truffles, Marzipan Cherries, a tiny glass bowl of Grand Passion Caviar, fresh passion fruit, orange and Armagnac. You’ll shit gold and class!
7 pounds of solid gold. Because who doesn’t want to start his or her own pirate treasure pile?
He could pay for nine students to attend Columbia University at roughly $43,000 per student. Hey, college is expensive.
Fleming could buy 20,000 pounds of toothpaste or fill up with 57,000 gallons of gasoline.
He could pay the salaries of 25 part-time writing consultants at Texas A&M International University, or pay to have 12 full-time consultants hired.
The point of this little venture into the world of things no one person could ever hope to own? This whole “class warfare” thing is a pile of crap. You can’t claim we’re hurting someone who has hundreds of thousands of dollars left after running a business, then claim that people who are visibly impoverished are somehow better off if we tax them more and take away the few resources they have to make their lives function.
The entire economic debate right now boils down to one question.
Do we tax those who can afford to give more and still be okay, or do we tax the people who have already been pushed to the brink of poverty and beyond?
My dad once told me, “I’d love to pay half a million dollars in taxes. I’d love to have that kind of money to just throw away.”
There are two levels of wealth. There is the amount of income you need to survive, and then you have the amount of income you need to be comfortable. If you get the two confused, you’re in trouble.
I’d love to have a tenth of what this guy gets as my FULL income. Don’t eat cake in front of hungry people, Fleming. It didn’t end well for Marie Antoinette, either.