President Barack ObamaBarack Hussein ObamaOvernight Energy: Dems ask Pruitt to justify first-class travel | Obama EPA chief says reg rollback won't stand | Ex-adviser expects Trump to eventually rejoin Paris accord Overnight Regulation: Trump to take steps to ban bump stocks | Trump eases rules on insurance sold outside of ObamaCare | FCC to officially rescind net neutrality Thursday | Obama EPA chief: Reg rollback won't stand Ex-US ambassador: Mueller is the one who is tough on Russia MORE has repeatedly implied that families with incomes in excess of $250,000 are wealthy. There are many families in New York, Washington, San Francisco and other expensive American communities who barely live an upper-middle-class lifestyle on $250,000 per year. These couples tend to be successful professionals, business managers and small-business owners. If they want to retire with an upper-middle-class lifestyle on $250,000 per year without touching principal, they would need financial assets of $6 million to $8 million. In other words, a net worth of less than $10 million merely lets the retiring couple maintain a comfortable upper-middle-class lifestyle. This is the lifestyle of the “American Dream” to which most Americans reasonably aspire. It is not the super-luxurious and sumptuous lifestyle of the “rich and famous.”

It is unfortunate that the progressives reject the proven economic tools that lead to general prosperity: tax reductions, less regulation, balanced government budgets and policies that encourage individuals to be productive and responsible. After all, the mere millionaires are the most productive members of the economy. Why do the progressives want to reduce America’s productivity by taking the hard-earned wealth of the mere millionaires? If this happens, the whole economy will suffer.

Williams can be heard daily on Sirius/XM Power 169 from 9 to 10 p.m. and from 5 to 6 a.m.