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Exactly what is a millionaire....$1M in annual net income or $1M in net worth?
One million in net worth -- see Merriam-Webster or Google: http://www.merriam-webster.com/dictionary/millionaire
The sound bite only uses it the way it does because it is propaganda. Art didn't read the paper and was fooled, or else he's lying to us on purpose.
Commented Jun 24, 2010 on The Rich Are Different.... at Vermont Tiger
The Rich Are Different....
by Art Woolf And most aren't rich forever. This study from the Tax Foundation finds that most millionaires are only millionaires for one year. The "soak the rich" mentality assumes that the rich stay rich. The reality is more complex, with most millionaires receiving their million(s) from...
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