You must be worried about me.
I know what you are thinking: “If they rescind the tax breaks for the top one per cent of earners, will this hurt Jerry?”
Well, put your minds at rest, I am firmly ensconced in the lower 99%. In fact, as a struggling writer (lower 5 %) and artist (lower 2.5 %) who is also unemployed, I am dropping in the rankings faster than the N.Y. Mets in September. I have a very comfortable cushion between me and tax cut rescindination, thank you very much.
I don’t feel too sorry for those one-per-centers, either. I had to cough up my unemployment, so let them kick in a few zillion to keep the Polarized Express rolling on the tracks.
I am not a mathematician (upper 20 %), but it strikes me that 99 per cent is clearly a majority. Why do we keep electing people who just want to help the top tier?
Supposedly, because it helps us. I am not an economist (top 10 %), but theoretically, some of the money they save is supposed to trickle down to the masses. Let me tell you, I am an old guy and have been waiting since the Reagan administration for some of that gravy to reach me, but my drip-pan is still dry.
There are other reasons that many of us think that it helps us to help rich people: a.) we are not smart; in fact, many of us watch Fox News; b) we really don’t want to see Oprah get screwed; c) we don’t want to screw ourselves, since it would be just our luck to hit the lottery AFTER the tax breaks have been rescinded.
This exposes an inherent flaw in the Trickle Down Theory: rich people ARE smart. Unlike us, they don’t run off to Wal-Mart to buy a hot tub and a new shotgun as soon as they get a few extra bucks. No, they invest. And what do they invest in? Hedge funds. And who runs hedge funds? The top one per cent of wage earners. I rest my case (lawyers: top 5%)
Also, the rich can afford the best. Who produces the best? You guessed it, the top one per cent of earners. Let’s personalize this by focusing on writing. A rich person couldn’t buy this crap if he wanted to because I can’t sell it to anybody who would sell it to him. So if he wants something to read, he has to buy a book by James Patterson.
According to the N.Y. Times Magazine, this guy is like a digitized Dickens who works on 12 novels at once, all sure-fire best sellers. While texting one with his toes, he tweets another on his iphone, dictates a third and has a legion of minions working on the others. In other words, he is in the top one per cent of earners. No gravy for moi.
So as you tuck yourself in tonight, say a prayer for Rush, shed a tear for Cheney, but don’t worry about me: I’m good. Oh, and a goodnight thought for my children: don’t lose any sleep about that whole estate tax thing. You don’t have a dog in that fight.