“Let them eat cake!”: Summer edition – Let Them Eat Cake – Salon.com

Today, no income above $106,800 is eligible to be taxed, meaning Warren Buffet pays the same amount of payroll taxes as someone making $106,800. At a time when politicians like Romney are sowing hysteria about Social Security going bankrupt, the question about raising the cap to make the tax slightly less regressive and generate more revenue for the system is perfectly logical. And yet, Romney used it as a rationale to lash out.

As if grasped by a moment of yearning nostalgia, Romney responded to the tax-cap question with a seemingly heartfelt lament, saying, “You know, there was a time in this country that we didn’t celebrate attacking people based on their success, and we didn’t go after people because they were successful.”

The Myth of the Persecuted Billionaire is one of the favorite monikers of the larger “Let Them Eat Cake” movement.

via “Let them eat cake!”: Summer edition – Let Them Eat Cake – Salon.com.