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"But when the preferences of people at lower income levels diverged from the affluent, that had no impact at all on the policies that were adopted.
"The size will depend on how many people were lost, how large the company is, how connected they were to their community -- and how affluent that community is".
He did not endorse a broader plan to raise taxes on the affluent that has been proposed by John Edwards, one of Mr. Obama's rivals for the nomination.
So is this just another example of trickle-down economics, of tax cuts for the affluent that are supposed to benefit the rest in some indirect way?
On Social Security and Medicare, Washington could start by reducing benefits for the affluent — that is, the people who have received the biggest pay raises and tax cuts in recent years and whose life expectancy has risen the most.
Now the fashion in Europe is to chase a group of people known to the trade as the "mass affluent"—that is, the moderately rich, of whom there are plenty these days.
Similar(33)
Santos said Europe was experiencing a boom in cocaine use among more affluent people that was comparable with that seen in the USA 25 years ago.
It is often pointed out that it is the affluent countries that have caused the problem, owing to their higher greenhouse gas emissions over the past two centuries.
Ms. Bailey declined to be interviewed for this article, but in the past she has said that the magazine courts an affluent readership that is passionate about fashion.
But it might contribute to the general idea that the south is more affluent and that is where people should be investing in business, rather than the north.
So you can't argue that most of today's affluent got that way by choosing their parents carefully.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com