Donald Trump has given success a bad name.
That is, the president’s much-boasted-about wealth has soured many Americans’ taste for even the Horatio Alger bootstrapping stories. These days, as income inequality has become a leitmotif of Democratic politics, being rich is a liability.
So, who’s too rich for democracy these days? Billionaires, obviously. Millionaires are such dimes-a-dozen, they hardly count anymore. Even Rep. Alexandria Ocasio-Cortez, D-N.Y., who has proposed increasing marginal tax rates on the very rich to as high as 70 percent, set the baseline at $10 million.
Decamillionaires, beware.
This caveat might even extend to former Vice President Joe Biden, whose 2017 purchase of a $2.7 million beach house in Rehoboth Beach, Del., is inspiring fresh speculation about his middle-class bona fides. “Middle-Class Joe rakes in millions,” read a recent Politico headline.
Of course, calling Biden’s everyday-Joe-ness into question is ridiculous. Despite his yachtsman’s appearance, he has forever been the workingman’s champion. But, apparently, you can’t have grown up in a middle-class family only to distinguish yourself as an adult and monetize your success. Isn’t that the point of being an American, (she jested)?