What the "Lesser Rich" Do: Create Jobs
My wife and I are among what I've heard one economist call "the lesser rich." We are in the top ten percent of households, but we are not wealthy. We don't drive luxury cars, live in a McMansion, or even own a big screen television. My computer is several years old, our phones are not "smart phones," and we've never been on a cruise. Yet, according to the statistics, we are "rich." I'm sure that explains why my last clothing purchase was a $9.99 pair of store-brand Khakis from Target. Where do you fall in the eyes of political leaders (and the public to whom they are pandering): http://www.census.gov/compendia/statab/2012/tables/12s0694.pdf Less than $10,000 7.3% $10,000 to $29,999 23.3% $30,000 to $59,999 27.5% $60,000 to $74,999 10.1% $75,000 to $99,999 11.5% $100,000 to $149,999 11.9% $150,000 to $199,999 4.4% $200,000 to $249,999 1.8% $250,000 and More 2.0% More than half of U.S. households (58.1%) have combined income...