RNC Chairman Michael Steele Argues that a Million a Year “Is Not a Lot of Money”

One has to wonder gap-jawed at the obliviousness of the Republican leadership and the outright stupidity of their constant insistence that huge gaps in income disparity are good for America.  

“Trust me,” Mr. Steele said, “after taxes, a million dollars is not a lot of money.”

He should know ... Mr. Steele is a bonafide millionaire who is suffering mightily under the weight of his fortune. While we do agree that he looks a bit pale for a plutocrat, we simply suggest that he loosen the collar on his $3000 custom-tailored suit to allow his gold-plated heart to pump blood to his malnourished brain. Oh, and treat yourself to a cookie Mr. Steele. Everyone, no matter what social class you belong to, deserves a cookie.

Who exactly is he talking to? The students at the University of Arkansas are not attending an Ivy League school. And, it's likely safe to argue that they don't all come from insanely wealthy families whose money has been used to grease palms in Washington since the founding of the country.

The average income in the United States of America is $50,000 per year, before taxes.  Assuming the average tax liability is approximately 30%, the average American family lives on $35,000 per year.

Michael Steele and the Republicans are arguing that President Obama's campaign to raise taxes on families earning over $250,000 will hurt average Americans.  If the "average" American earns $50,000 dollars, the increase in taxes only affects the top 3% of the income-earning population.

During his lecture, Mr. Ford mistakingly believing he was speaking at Dartmouth, sarcastically asked, "Who in here makes a million dollars a year?". According to reports, not a single student raised their hand.  

Apparently, realizing the error in his ideologically out-of-touch argument, Steele immediately did an about face and tapped into his faux populist roots retorting, “How many of you want to make a million dollars a year?”  Umm ... Everyone … You pandering, blathering, hypocritical, creepily elfin buffoon.

In Mr. Steele's world, and the Conservative's Pandora, a million dollars is pocket change.

Anyone with a calculator can figure out with a few button presses that a salary of $1 million dollars is 20 times the salary of the average American.  

Even if the tax rate for high income earners was established at 50%, and you were lucky enough to be earning $1 million per year, who wouldn't be "OK" with living on a half million dollars per year?  

Mr. Robert Frank asks his readers a simple, absurd question to close out his article, "Do you think $1 million pretax income is “a lot of money?”

As a member of the "great unwashed" masses, allow me to confirm that "a million dollars is a shit-load of money."