Does the world need 16 million millionaires?
Around the world last year, men and women in 2.6 million households
joined the ranks of millionaires for the first time.
That’s an increase of almost 20%. And that’s just counting financial assets,
not including real estate.
The Boston Consulting Group says there are now more than 7 million U.
S. households that include a millionaire. Almost 5 million of them have more
than $100 million in financial wealth.
You know, you can’t really spend $100 million in any meaningful way. In
fact, most very wealthy folks don’t
spend much of their money.
I think it’s because they have too much money.
It is another example of how the dollar isn't worth much any more. 2 Billion for a basketball team? Really? 110 Billion for a drug company. What company has 110 billion in cash unless the value of the dollar is just above junk. More million heirs because a million bucks ain't worth crap! We are going to inflate us out of debt. Thank you Mr. President!
ReplyDeleteAnonymous makes a couple good points, I don't know of any basketball team worth $2 billion....
DeleteBut inflation has nothing to do with the obscenely ballooning wealth of the uber wealthy: in the last five years U. S. inflation has averaged 1.6 per cent annually, the lowest inflation environment we've had in 50 years.
Who do you get your number from.......the gov't? I guess you don't recognize the gas is over $4.10, groceries cost 1/3 more than just 2 years ago....when the last time you bought a car? It costs more than my first house. Go ahead and believe what the gov't says and it's statics and tell me todays dollars buys as much as 2008 dollars!
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