Rep. John Fleming, a Louisiana Republican who owns a string of Subway and UPS franchises, was on MSNBC this morning to explain how earning $6.3 million a year—which he did in 2010—isn't all it's cracked up to be and to tell Barack Obama to lay off the class warfare. For instance: $200,000 of that goes to food. Being "rich" doesn't sound so great now, does it?
Here's how Fleming put it:
I would say that...my net income—[t]he amount that I have to reinvest in my business and feed my family—is more like $600,000 of that $6.3 million. And so by the time I feed my family I have maybe $400,000 left over.
See? This guy's barely keeping his chin above water! He can even hold onto a lousy 600 grand without his enormous family of ravenous truffle addicts whittling it down to just $400,000. So how many kids does it take to consume four times the U.S. median household income in food each year?