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bstrand mentioned net worth, not annual income. http://economix.blogs.nytimes.com/2012/01/17/measuring-the-top-1-by-wealth-not-income/?_r=0 http://economix.blo
by chunky1994 13y ago
bstrand mentioned net worth, not annual income.
http://economix.blogs.nytimes.com/2012/01/17/measuring-the-top-1-by-wealth-not-income/?_r=0 http://economix.blogs.nytimes.com/2012/01/17/measuring-the-t...
The linked article, states a floor of $8.4 million, which is ~ $9 million.
- 001sky 13y agoTo further the point, $370k is like ~5pc of 8-9 million. Which is to say that if you are <working> for wages, even at 370k your not that well off. If you had $9mm in the bank/investment portofolio, you wouldn't be "working", you'd be counting your passive investment income of ~$370k.