Are tax cuts for the wealthy moral? We’re taking up the topic at the Washington Post this week.
It bothers me when politicians use words like “rich” because “rich” is a loaded and relative word. Most Americans would not call themselves “rich” by any means and yet, by the standards of the rest of the world, pretty much every one of us qualifies as wealthy. A family of four earning $50,000 per year, for example, is richer than 90% of the world’s population.