Income does not necessarily equal wealth. Is it fair for Warren Buffett’s secretary to pay the same or a higher tax percentage than he does? “Warren Buffet takes a salary (taxable @ 35%) of $150K but has net wealth of $50+ billion. Under BO’s tax plan, he gets a tax cut.” Getting rid of loopholes that allow this makes perfect sense. Punishing small businesspeople without his kind of money in the bank, without the ability to use tax lawyers to evade taxes – doesn’t.
I love that Octogalore discusses these issues which are so often overlooked in the feminist blogosphere. They are occasionally touched upon by the mainstream media but in an overly simplistic, reductive way, devoid of any analysis. And the reason I think they’re absent from the feminist blogosphere is too many people are afraid of looking like “capitalists” or whatever, and there’s a whole lot of hairshirt-wearing and self-flagellating and I’m just fed up with it.
I said something similar at Ren’s recently:
It just IRRITATES me. Someone’s gross income doesn’t tell the whole story, by a longshot. What if they have a ton of debt from putting themselves through school? What if most of their income goes toward taking care of a sick parent or child who needs medication, medical devices, nursing care, etc.? At the same time, the “artist” who makes (based on their W2, anyway) $20k a year might be living off inheritance or a trust fund, or mom and dad’s money in some other way. My point is, you just never know, and it’s not okay to assume.
No one responded. *shrug*
The school thing has always been a big pet peeve of mine. Someone whose parents paid for their college education and someone who paid for their own education through loans might make the same amount of money on paper, but their situations will be very different.
Oh and that reminds me of when I was in college and took a job at Baxter Street Books, and they paid minimum wage, and I asked the boss if I could have more hours, and she took me aside and said this wasn’t really a job for people who were actually trying to support themselves, it was more a job for kids with money to just have something to do. There was a girl who worked there who was my age (20) who had just had laser eye surgery. I felt like we came from different planets. Which I guess we did.
(Note: I don’t feel like getting into a big economic debate here. So if you want to go off about how horribly wrong I am, you can, but I’m not going to respond.)
