As Washington wakes up from its tea-induced frenzy of hostage-taking, ultimatums, voting suspense and high-velocity spinning, it's refreshing to see a simple illustration of exactly what progressives (and most Democrats) have been complaining about, without much success, for so long. It's on the Economy & Business page of Tuesday's Washington Post. I'll explain below.
There's a standalone photo of a nice big Coach handbag for sale in a San Francisco store. The caption notes that
Coach said Thursday that its quarterly net income rose 4 percent, helped by people buying more expensive handbags in North America.
Okay, that's interesting, but what sets me off is the next sentence (emphasis mine):
The results show that the luxury sector continues to recover more quickly than other parts of the retail industry.
And this is because? This is because the luxury sector is where those "Millionaires and Billionaires" -- that the President and once-and-future Speaker Pelosi have been talking about -- do their shopping.
The rest of us -- working stiffs, retired pensioners, those struggling to make ends meet -- simply would never think of buying a handbag (or almost anything) that costs upwards of $450, because we simply don't have the money.
But "the luxury sector" obviously has money to spend on such trinkets. Wouldn't it be nice if they were obliged to pay a little more of their riches in "revenues" to the Federal Government (and States and localities too, for that matter)?
People say I'm a dreamer, but I know I am not the only one...