Michael Hiltzik: Wall Street Journal tells us to weep for the plight of the very, very rich
Coverage of the richest Americans in publications aimed at their tax bracket tend to fall into two genres.
One is stories claiming that income well into six figures doesn't make them really "rich." The other involves hand-wringing and whining about their (purportedly) ruinous tax bills.
An editorial last week in the (of course) Wall Street Journal may stand permanently, or at least until the end of recorded time, as the Platonic ideal of the latter genre.
Headlined "How America Soaks the Affluent," it strives to persuade us that the federal income tax is already an insurmountable burden for the rich.
Therefore, it says, President Biden's intention to raise taxes on those beleaguered Americans is just so very deeply unfair.
Color me just a teeny bit unpersuaded.
The Journal erects its case on these fundamental assertions: According to 2020
