Exhibit C. To the villainy-of-the-rich theme emanating from Washington, a child is born: Occupy Wall Street. Starbucks-sipping, Levi’s-clad, iPhone-clutching protesters denounce corporate America even as they weep for Steve Jobs, corporate titan, billionaire eight times over.
These indignant indolents saddled with their $50,000 student loans and English degrees have decided that their lack of gainful employment is rooted in the malice of the millionaires on whose homes they are now marching — to the applause of Democrats suffering acute Tea Party envy and now salivating at the energy these big-government anarchists will presumably give their cause.
Except that the real Tea Party actually had a program — less government, less regulation, less taxation, less debt. What’s the Occupy Wall Street program? Eat the rich.
The whole article is a must read by the smartest man in Washington, Charles Krauthammer
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Elite pundits pointing out the students’ $50,000 per year university loans to be paid over years is in stark contrast to the fact that their parents paid considerably less for their boxed bungalo three bedroom houses at or around $25,000. in toto.
That would be only one insurmountable economic challenge, but a very telling one as to why the protests have gone international.
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It’s instructive to point out to nonny, that salary to mortgage ratios have dropped dramatically since the days when one could purchase a house for that price.
My mortgage to salary ratio is roughly 3.5 to 1. In those days, a person was living quite comfortably on $7000 a year and raising a family. Of course, in those days, taxes took a lot less of one’s pay cheque as well.