Friday, September 11, 2009

The American Lords

What about making $174,000 a year plus excellent benefits, among them one of the best health plan available in this Country? Any taker?

It represents 4.6% of the declared incomes, based on an extrapolation of 5% of more than $167,000, 1.5% more than $250,000 and 1% above $350,000. Although, these numbers are based on 2006 statistics, today it might be closer to 4.4%.

Not bad and the percentage is getting smaller when we consider that the published income level is for household, not single income. I have not found any data available for individual return versus family and one will have to make a guess to refine the final count.
Let’s consider 60% of the $174,000 yearly income is made by individuals, 75% for the $250,000 level and 90% for the $350,000 level.

The final count is 3% of the American population that could be earning more than $174,000 yearly as individual income, which is what senators, congresswomen and congressmen are earning.

Would it make sense for people representing people and their laws to be closer to their average level, even upper average, not upper 3%?
The last statistics based on 2008 is showing 40 millions Americans living under poverty level and the count is growing fast.

Furthermore, when representatives are questioning the viability of State health plan, which is their legitimate right, shouldn’t they withdraw from their comfy Federal plan and buy into one or another private insurance company to be in tune with their arguments?

Well, I guess the answer would be no to both questions… probably by absenteeism! After all, they are the American Lords, or so it seems!

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