Charles Koch: $34,000 puts you in the top 1% [View all]

[Fla Dem]

The billionaire businessman airs ads slamming the minimum wage and insisting that people on it are still relatively wealthy.

http://money.msn.com/now/post--charles-koch-dollar34000-puts-you-in-the-top-1percent

"In their continued bid to leave their liberal counterparts as red-faced, flustered and hyperventilated as George Soros leaves his conservative detractors, the Charles Koch Foundation recently released a commercial that suggests an annual income of $34,000 puts a worker among the wealthiest 1% -- in the world.


The basic premise is that Americans don't need things like food stamps or the minimum wage to help them, because they're already so much better off than poor people in the world around them. The Economic Policy Institute can't help but disagree. Its Family Budget Calculator notes that a family of three would require an income of $45,000 a year to cover basic needs in Simpson County, Miss., the U.S. region with the lowest cost of living for a family of that size."

Effing A-holes. They should try living on a 40hr week at $7.25 an hour income. $290 per week, $15,000 a year.