The Herald Bulletin

Morning Update


October 2, 2013

Primus Mootry: America's income inequality: a class act?


In spite of the complexity of the subject, however, I argue that it is worth it to explore the class issue if for no reason other than to better understand what we can do as citizens to address the problem of income inequality. Since these inequalities are driven by government tax and other policies, exploring class issues might inspire voters to think “trickle up” instead of trickle down.

We are a class society. At the very, very top, there are roughly 400 families whose combined income is well over two trillion dollars. That’s more than Russia’s entire economy. The few in this group are on a different planet. Their children might pay Justin Bieber a million bucks to appear at a birthday party and, after he performs, he must leave. The Beebs is not one of them.

Just underneath this wealthy group are the super-rich. To understand both groups, here is what comedian Chris Rock had to say: “If Bill Gates (worth $72 billion, I think) woke up with Oprah’s money, he would jump out of a (high-rise) window.” Billion-dollar O is merely super rich. Gulp. Got it?

Then you have the class of garden variety millionaires. These poor rich folk have to work. If they are not careful with their bucks, they can go broke in a heartbeat. I’m sure many of you have heard stories about multi-million dollar lottery winners — millionaires — who went from sugar to shaft a few years after winning big.

Underneath millionaires there are upperclass, upper middle class, middle class, and lower middle class citizens. People in this group are usually very well educated. They live well. They vote. They have to work. Unlike the myth that the wealthy are the job creators, the upperclass and the middle class in general are more key to job creation and economic growth than any other class.

Text Only
  • Editorial: Health center problem could have been avoided The lives and reputations of three healthcare professionals have been ruined by mismanagement at the Madison County Community Health Center. It could have been avoided.

    July 22, 2014

  • Bannon, Tom Viewpoint: Paramount is an investment that is paying dividends About 25 years ago the citizens of Anderson made a decision that would have a long lasting impact on the community. Instead of saving the old Paramount Theatre, which had fallen into serious disrepair, it was decided that the easy and prudent decision was to get rid of the building to create additional downtown parking. Shortly after the Paramount came down, the community got rid of another abandoned structure when the old Carnegie Building, which was the former home of the Anderson Public Library, was torn down.

    July 21, 2014 1 Photo

  • You Said It: About the reservoir, immigration and more on the Wigwam Each Monday, The Herald Bulletin publishes “You Said It,” a compilation of readers’ comments from coupled with responses by the newspaper’s editorial board.

    July 21, 2014

  • underwood mug [Duplicate] [Duplicate] Scott Underwood: Colts camp, 4-H fair demand our attention Late July is a busy, exciting time in Madison County. With the school year approaching fast, folks want to savor the long, hot (well, not so hot lately) days of July.

    July 20, 2014 1 Photo

  • Maureen Hayden: Expiring term heightens the urgency of one lawmaker’s mission State Rep. Rebecca Kubacki may have lost the Republican primary to a Tea Party challenger, but the two-term Republican from Kosciusko County is not going away quietly.

    July 20, 2014

  • Indiana State of State-12 [Duplicate] Editorial: State surplus comes at expense of Hoosiers' well-being If Indiana is taking in $59.8 million less – blamed on declines in revenues from the riverboat gambling tax, inheritance tax and individual income tax – and still is able to save $106.8 million, that extra cash isn’t being plucked from a secret forest of money trees.

    July 19, 2014 1 Photo

  • NWS - HB0727 - horse and pony - DK - 266 Editorial: 4-H members have goals, dreams

    This week's Madison County 4-H Fair is an opportunity to showcase area youth. They're proud of their work. Their hopeful of their futures. And they're willing to put their goals and dreams in the public eye.

    July 18, 2014 1 Photo

  • NWS - HB0626 - Shoot - 03 Editorial: License suspension makes sense in Roger Shoot case Some will object when a person accused of a crime is punished by a professional organization before conviction.

    July 17, 2014 1 Photo

  • Letter: Wall Street should not be in politics Talk about corruption, ponzi schemes, we're looking at you, Wall Street, controlling the prices of our food, gasoline and clothing we must buy and about every company in America — while trashing President Obama, the Affordable Health Care Plan, along with every Democrat, to influence our elections, at the same time.

    July 17, 2014

  • Letter: 23 Relay for Life teams raised $40,000 As chairs of this year's American Cancer Society Relay For Life of Madison County, we would like to thank everyone for their generosity and support.

    July 17, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Do you expect your physician to follow state standards and laws?

Of course
Not always
Never thought about it
     View Results