Blue Hawaii decides to try tax cuts....

[TonyTheTiger.1865]

You tax the rich through inheritance tax and capital gains tax. You **** the middle class through income tax.

 

[globalhawk]

Define rich

rich​

adjective
, rich·er, rich·est.

1. having wealth or great possessions; abundantly supplied with resources, means, or funds; wealthy:
   a rich man;
   a rich nation.
   Synonyms: moneyed, well-to-do
   Antonyms: poor
2. abounding in natural resources:
   a rich territory.
   Antonyms: poor
3. having wealth or valuable resources (usually followed by in ):
   a country rich in traditions.
   Antonyms: poor
4. abounding (usually followed by in or with ):
   a countryside rich in beauty;
   a design rich with colors.
   Antonyms: poor
   

 

[ClarindaA's]

rich​

adjective
, rich·er, rich·est.

1. having wealth or great possessions; abundantly supplied with resources, means, or funds; wealthy:
   a rich man;
   a rich nation.
   Synonyms: moneyed, well-to-do
   Antonyms: poor
2. abounding in natural resources:
   a rich territory.
   Antonyms: poor
3. having wealth or valuable resources (usually followed by in ):
   a country rich in traditions.
   Antonyms: poor
4. abounding (usually followed by in or with ):
   a countryside rich in beauty;
   a design rich with colors.
   Antonyms: poor
   

Was thinking income levels

 

[seminole97]

rich​

adjective
, rich·er, rich·est.

1. having wealth or great possessions; abundantly supplied with resources, means, or funds; wealthy:
   a rich man;
   a rich nation.
   Synonyms: moneyed, well-to-do
   Antonyms: poor
2. abounding in natural resources:
   a rich territory.
   Antonyms: poor
3. having wealth or valuable resources (usually followed by in ):
   a country rich in traditions.
   Antonyms: poor
4. abounding (usually followed by in or with ):
   a countryside rich in beauty;
   a design rich with colors.
   Antonyms: poor

You're rich compared to most of the 8 billion people on this planet.

We don’t measure ‘poverty’ in an absolute sense.
‘Poverty’ discussed in America is the relative sort:

Typically, a relative measure is calculated relative to the median income. The most popular and conventional relative measure is to say a person is poor if their income is below 50 percent of the median.

Thus, ’poverty’ so defined will always exist.

This is also why many in ‘poverty’ in the US enjoy consumption levels on par with the middle class in other OECD nations.

The LOWEST 20% households by income (just a little bit more than the portion we consider in relative poverty) in the United States enjoy a consumption level ABOVE THE AVERAGE for the people in Canada, Greece, United Kingdom, Sweden, Australia, Spain, Portugal, Japan, Denmark, Iceland, New Zealand, Slovenia, Slovak Republic, Israel, Republic of Korea, Czech Republic, Estonia, Poland, Chile, Hungary, Turkey and Mexico.
And that consumption level is within spitting distance ($3k) of the AVERAGE consumption for the populations of the Netherlands, France, Ireland, Finland, Belgium, Norway, Italy, Germany and Austria.