It Just Never Stops: Beltway Press Keeps Pushing the "Cry for the Persecuted Millionaire" Meme

by: David Sirota

Thu Aug 20, 2009 at 18:35


It just never stops. Never. Ever. Ever.

No matter how blatant the empirical data are, now matter how much taxpayer cash is shoveled to Wall Street millionaires, no matter how many polls show the public doesn't buy it, the national media will never, ever stop telling us that millionaires are persecuted. Why? My guess is visceral class solidarity. It's the only force powerful enough to explain the meme's persistence, and it makes sense: New York and D.C. journalists, most of whom are part of the ruling class, cannot bear to tell any other story than the sob story for the supposedly persecuted millionaire.

Here's the latest example, from the Wall Street Journal. It's seemingly so subtle - but its subtlety as a near-throwaway line shows just how ingrained it is in business and political reporting:

The Democrats' emerging go-it-alone strategy on health care increases the odds of passage for a House proposal to impose a surtax on higher-income earners, several congressional aides tell Washington Wire...

For House Democrats in particular, the surtax has powerful political appeal. It pleases big unions because it spares rank-and-file workers. It also polls well with the public at a time when resentment over the financial meltdown remains high...

So in the end, both taxes might hit only the very well-to-do - who already bear a large share of the overall tax burden.

As I wrote two weeks ago in my newspaper column (citing CTJ data), the wealthiest 5 percent of America do pay a relatively large share of the taxes in this country - 38.5 percent to be exact. But stating that, without stating the reason why, is dishonest to the point of propagandistic.

And why do the wealthy pay a large share - 38.5 percent - of taxes, you ask? Precisely because they make almost exactly the same share - 36.5 percent - of the total national income. In other words, the Journal (whose White House reporter earlier insisted on criticizing the Obama administration for waging war on the rich) would have us believe the wealthy are effectively persecuted by the tax system, even though the wealthy pay almost exactly the same share of taxes as they make in income. In fact, many of the richest of the rich pay disproportionately low tax rates.

I guess we'll just add this to the list of only the most recent examples of the "Cry for the Persecuted Millionaire" meme coming from the Villagers. If you are counting here they are:

-  New York Times publishes claims that a $500,000-a-year salary isn't very big.

-  New York Times style section publishes an entire story asserting that it's all but impossible to live in the city on a half million dollars a year

- Syndicated columnist Mitch Albom  insists that says millionaires are oppressed and can't afford to pay $9,000 a year more in taxes for universal health care

-  The Washington Post reports that it's tough to "squeak by" on $300,000 a year.

This storyline is the Michael Jordan of political memes - you can't stop it, you can't even hope to contain it. It just dominates the game through sheer force of will.

Feel free to add your own links to examples of this meme in the comments.

David Sirota :: It Just Never Stops: Beltway Press Keeps Pushing the "Cry for the Persecuted Millionaire" Meme

Tags: (All Tags)
Print Friendly View Send As Email
Perhaps What's Most Absurd About All This (4.00 / 4)
is that generally speaking Democrats are better for the economy than Republicans.  It's just that Democrats are good for the whole economy, while Republicans are only good for affluent.  Lately, however, that's started to break down--and Clinton was much better for the top quintile and even the top 5% than Bush was.

I haven't checked the data from Berkeley that was just released, so I don't know if it holds true for the ultra-wealthy, but there's a reason why Obama did so well with the high-income crowd this time out.  BushCo seriously under-performed for them in the end. What good's a tax cut when your income's in deep doo-doo?

"You know what they say -- those of us who fail history... doomed to repeat it in summer school." -- Buffy The Vampire Slayer, Season 6, Episode 3


The Henry Ford rebuttal (4.00 / 3)
How often must we repeat it? He didn't get rich just because he made cars; he got rich because he made cars that everyone -- including his own assembly-line workers -- could buy. Duesenberg, on the other hand....

Or, to put it in bean-counter speak: If you take increased productivity to mean only that you need to pay fewer workers to make the same amount of stuff, and you're perfectly content to have the workers you don't need deported to slums beyond the gates of your gated community, marketing inevitably becomes something of a nightmare. Can you say ten thousand acres of unsold Chevy pickups?

Of course you could invest in sub-prime mortgage-backed derivatives. They don't sit around as unsold inventory, now do they?

God I hate it when dumbfucks in $5,000 suits are mistaken for the smartest kids on the block.


[ Parent ]
Did Reich always believe that? .. (4.00 / 1)
Or was he a convert during the Bush years(kinda like Gore souring on DLC-ism)? ... and I wonder why Geithner and Summers don't get it .. unless they don't want to

[ Parent ]
Temporizing (4.00 / 3)
That's the kindest way I know to characterize it. Fiddling while Rome burns is probably more accurate. Anyway, as far as I can tell, they're waiting for a more auspicious political climate, and not just in the U.S. The tragedy of the commons isn't a phenomenon strictly confined to sheepherders, after all. Neoliberal, free-market capitalism could never have ended any other way, and I think that wiser observers of post-war economic developments have been aware of it all along. (I'm obviously not talking about Arthur Laffer, and those other, sadly influential boosters who seem to have been afflicted with the worst case of terminal stupidity since Caligula.)

That's why you hear, and have heard so much about re-balancing the world economy. Redistributing the new wealth that industrial capitalism made possible has always been the elephant in the room, but I don't think that anyone, at least not the social and political theorists of our Western persuasion, ever expected to see it carried out by a world-wide stampede toward the lowest wages available.

The pace of this change has been truly stunning. The hollowing-out of the post-war U.S. economy, and the rise of the Asian tigers is only part of the story. What of the Mexican maquiladoras, which in the Nineties looked like the coming thing, only to end up as polluted border wastelands less than a generation later by the flight to China and other Asian sweatshop economies? To me, this looks like the future, at least that part of the future which escapes the consequences of six-billion Chinese driving SUVs.

The smartest of our leaders do seem to me to be waiting for a counter-trend, for the political will to do something different to arise from somewhere like a wave which they can then surf without a lot of effort. I call it temporizing, I call it fiddling while Rome burns, but it may be something even more malignant, i.e. cowardice.

Some of these folks, like Summers and Geithner seem merely to be hesitant; some, like Bernie Madoff, or the traders at Enron, or AIG, actually enjoy feasting on the bones off the early victims before they, in turn become victims themselves. The amazing thing to me is their complete lack of interest in taking the lead in doing what all but the dumbest of them must realize has to be done.

Could it be that our vaunted entrepreneurial system has created the most-risk-averse elite class in history? If so, we are indeed fated to live in interesting times.


[ Parent ]
Krugman I think (4.00 / 2)
Has a good paper from the 1990s where he argues that most CEOs and senior executives are emphatically not risk takers or at all entrepreneurial.  That's just not how you succeed in large corporations.

[ Parent ]
Inequality (4.00 / 5)
It isn't just that the rich is paying their share of income, it's also important to note that as disparity in wealth increases, the rich will pay a higher tax burden naturally. Not because they are being persecuted... simply because they are the only ones with money. It's sort of a perverse system where the phenomenon of the rich getting richer leads to the media seriously sympathizing more with the rich. When the rich end up controlling 50 percent of the nation's income and paying that much of the tax burden, get ready to hear how five percent of the american population unfairly pays half the taxes.

Meme (4.00 / 3)
Michael Bloomberg, the richest person in NY City, said that we can't raise taxes on the rich because they will cut back on dining out and leave thousands of unemployed waiters.  He was serious.  

Obviously, cutting back when you are worth $20 billion like Bloomberg, means buying fewer vacation homes and not the need to eat in.


I live in NYC (4.00 / 1)
a lot, and I mean A LOT of middle class and lower class New Yorkers bought that. Giuliani said it too, I don't remember Bloomberg saying it.

There is some truth to it, much of New York is run by the rich, and they can control the lives of many New Yorkers, but it's not true the way they want you to believe.

Ironically the reason why New Yorkers let that happen was because they were convinced it was a consorted effort to bring down crime. Another words, NYC is safer than Detroit or Philadelphia because we're run by rich people...and rich people (specifically rich, white people) don't murder, rape, or burglarize people.  


[ Parent ]
Today's establishment media journalists (0.00 / 0)
bear no resemblance to the scruffy, scrappy, hard-working working class types we used to see in movies like The Front Page or All the President's Men, and represented in the actual media by journalists like Jack Anderson and Ed Murrow. Just as the movie Network forsaw the rise of substanceless journalism, the movie Broadcast News catalogued the already well-advanced rise of substanceless journalists and their embrace of the rich and powerful people that they covered. Decades later, it's only gotten worse, with a generation or two of J-school reporters from middle class and higher backgrounds who identify with the rich and powerful, and see the world through their eyes. The Village now fully includes the fourth estate.

So none of this comes as a surprise to me. Just watching pampered establishment media types like David Gregory, Andrea Mitchell and Biran Williams, it's obvious where their class loyalties lie. These people do not summer in Coney Island or the Jersey shore.

"Those who stand for nothing fall for anything...Mankind are forever destined to be the dupes of bold & cunning imposture" -- Alexander Hamilton


Michael Jordan of political memes (0.00 / 0)
This makes me shiver
This storyline is the Michael Jordan of political memes - you can't stop it, you can't even hope to contain it. It just dominates the game through sheer force of will.

Brilliant in an athlete, but totalitarian and spooky in a ruling class.


USER MENU

Open Left Campaigns

SEARCH

   

Advanced Search

QUICK HITS
STATE BLOGS
Powered by: SoapBlox