Obama Plan=Class Warfare? NBC Asks a Billionaire

At the top of Meet the Press yesterday (9/25/11), NBC anchor David Gregory announced one of the topics to come: Is the president’s plan basic fairness or class warfare? As with too many other media debates, an absurd proposition–that returning tax rates for certain wealthy people to levels seen in the 1980s and 1990s is a declaration of war–is treated as one of the two possible answers to a question. Gregory manages to make things worse by getting the only answer on the show from billionaire New York mayor (and media tycoon) Michael Bloomberg: GREGORY: Does that trouble you? BLOOMBERG: […]


Mitch Albom’s Faulty Tax Math

Detroit Free Press columnist Mitch Albom–best known for his bestseller Tuesdays With Morrie–had a July 25 column that criticized the Obama healthcare reform with an argument that suggested an unfamiliarity with how the U.S. tax system works: In explaining why it was OK to sock a new 5.4 percent tax on the highest earners in this country–to pay for healthcare reform–President Obamaâ┚¬Ã¢”ž¢s press secretary, Robert Gibbs, said this: “The president believes that the richest 1 percent of this country has had a pretty good run of it for many, many, many years.” Ah. So thatâ┚¬Ã¢”ž¢s it. The old “Youâ┚¬Ã¢”ž¢ve had […]