America The Current Situation

Twitter response of the day

When Ted Cruz tweeted that today’s Dems are the party of the rich, he was hoping that you wouldn’t look too deeply into his household’s sources of income:

Heidi Cruz did her masters in Europe and got her MBA at Harvard, and since 2011 has been the primary breadwinner of the family. This is in line with 40% of U.S. households, but might be concerning to social conservatives and other people who still live in the Bronze Age — in other words, Ted’s base.

Ted probably doesn’t think of his family as rich, since Heidi says she has to put in long hours to support her family, according to a 2018 article in Quartz. That’s because “rich” is a matter of perspective. Their guesstimated just-shy-of-half-a-million pre-tax a year doesn’t put him in the top 1%, so that means middle class, right?

As a managing director at Goldman Sachs, Heidi Cruz likely earns over $300,000 a year—without factoring in an additional bonus. As a senator, Ted Cruz earns an annual salary of $174,000 for his work as a public servant, placing him in the top 3% of American earners.

I will remind you that the U.S. median household income in 2019 was $68,703. I will also remind you that “U.S. median household income” means that if you lined up all the U.S. households in order, from poorest to richest, it’s the household in the dead center of the line.

One reply on “Twitter response of the day”

Uh, that estimate is seriously lowball. An MD in an investment bank is likely making closer to $3,000,000 than $300,000. So yeah, they’re absolutely 1%ers.

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