A top Romney adviser has come out with a brilliant definition of wealth: if you have a computer, six or more rooms, a dishwasher, clothes washing appliances, a microwave or a cell phone, you’re not poor because other Americans ten years ago didn’t have these things. Never mind that the prices of those products has dropped enough over the last few years to make them not only affordable, but a necessity, or that healthcare, food and other staple goods’ prices have dramatically risen while percentage of income going to the lower classes has dropped — you’re not poor.
In an editorial written for The Wall Street Journal, Kevin Hassett and Aparna Mathur make the stunning argument that because more people have possessions it somehow negates the black-and-white income disparity in the United States. In effect, they argue that it really doesn’t matter that the rich are getting richer — you still have a microwave, right?
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