Ignorance

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I want to draw everyone’s attention to two particularly depressing news items. The first is from the New York Times, which wants us to feel sorry for rich people whose taxes will go up under President Barack Obama’s tax plan:

As the political battle drags on… it has also veered into a more basic matter of fairness, whether a person who earns more than $200,000 a year should be taxed at rates similar to those who make $5 million.

As Jon Chait points out, this is just wrong. In America, we have something called marginal tax rates. If you move into a higher tax bracket, you’re not taxed at a higher rate on all your income—just the income above the minimum for that bracket. The poor, benighted individuals who make $200,001 will only pay a higher taxes on the $1 they make that’s over $200,000. Because of this, people who make $5 million pay (and, under the Obama plan, will continue to pay) taxes at a significantly higher effective rate than people who make, say, $270,000. Socialism!

The second item comes via the New York city tabloids (the Post and the Daily News), which both have stories on how annoyed New Yorkers are that the government is mandating a font change on street signs. Dan Amira of the New York magazine’s wonderful Daily Intel blog does the honors on this silliness. As Amira points out, the change was mandated in 2003 in order to improve safety (the new font has been proven to reduce accidents), cities and states have 15 years to switch out the old signs, and the change isn’t likely to cost the city much of anything in terms of extra money or work since 8,000 signs are replaced each year due to wear and tear anyway. But, you know, big government is evil!

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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