At first, I thought nobody would be as stupid as to actually complain about the idea of increased taxes by saying that he, personally, only had $400,000 left over after “feeding his family” and paying his taxes.
And indeed, when I watched the interview with this Tea Party guy John Fleming, I thought for a moment that I was right, that he was actually saying something different. I thought he was saying that he was talking about money he needed to invest in his business and create jobs.
But then… the guy has $400,000 left out of a $6 million business after he has paid all of his business’ operating expenses and his personal and business taxes and met his family’s needs? Really?
This isn’t a Silicon Valley entrepreneur from the late ’90s. He’s not exploring exciting new ways to transform our economy. Nor is he producing high-paying jobs with futures. This guy owns Subway franchises.
So you’re saying, you can’t contribute to paying down the deficit because it might… hamper your ability to open another Subway every year or so? And your failure to do that is going to kill the economy?
I suppose you could argue that he’s right. I could mount such an argument if forced to. But not even I would be persuaded.
Actually, was he even saying that? Since he is deliberately mingling his business revenues with personal income, it’s confusing. But another way to look at it is that he takes home $600,000, which seems to be a whopping 10 percent of his businesses’ total revenues. And then he seems to say that his family’s needs are fully met with one-third of that, and I suppose that’s true. A family could, just maybe, scrape by on 200k a year if they were really careful.
And then he’s got $400,000 left over. He’s making out like this is his businesses’ money rather than his money, but then he is deliberately confusing the two.
It just gets worse and worse…