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Sure but there were over 10 million millionaires in the US last year. If we took just a million a year just from those guys we'd have 30,000 a year per american
by vorotato 10y ago
Sure but there were over 10 million millionaires in the US last year. If we took just a million a year just from those guys we'd have 30,000 a year per american. I'm not saying we should, but your math sucks.
- elsewhen 10y agoa millionaire is a person with $1MM or more in net worth. the lion's share of these people have the low single-digits millions, as you would expect. after you take $1MM from them in the first year, they won't have much more to give in the subsequent years. net-worth ≠ income.