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!


Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend


Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.


Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.