Entirely agree. What the left defines as ‘rich’ is beyond comprehension. Rich, are those people who can pay to dine with the Obamas at $25,000/plate or more without thinking twice about it. Rich means you fly on NetJet, and can shop at Tiffany's without asking what the price is. This is a definition that fits many ‘treasured’ Democrat donors, including the Hollywood crowd. If these people put money in a 529, it's probably because their accountants spend their time finding every possible tax shelter - not because they have to worry about how they are going to pay for the children's education.
I grew up in a 700 sq/ft house and my father didn't finish high school. He worked hard, my mother worked, and I worked hard to get a professional education. I am fortunate, and I do OK, but am clearly not rich. I have taken maybe six weeks total vacation in the past 10 years, and I don't care about buying ‘stuff’ just to have it. These are my choices, and another choice I made was to put money away in a 529 for my child's education, and the only thing this money will ever be used for is that. Now they want to tax that? How and why am I an elitist rich guy that needs to ‘pay my fair share’? What is it with these people? Why should I not be able to make a personal choice to do what I think is best for my children?
The left’s idea of fairness is to punish those who've made good choices, and to pour hot oil down onto those who have endeavored to try climbing the wall to a better life.
Frankly, I'm surprised that BO didn't propose forgiveness for "outrageous college loans" ... setting aside the fact that Starbucks Baristas who went $100K in debt for that (fill-in-the-blank) Studies degree, are grownups who knew exactly what they were getting into.