Michael Perelman wrote: > > I doubt that one million dollars makes anybody feel rich. Once you have that > much > money, $10 million might seem to be required to be rich. And once you have > $10 > million, you might feel the need for hundred million dollars.
Whether someone "feels rich" or not seems hardly to the point. From Jim's post, we see that such a person can live with no further income than return on his/her capital. That person is a capitalist. From Doug's post we see that that net worth puts one into the top two percent. That has been a pretty stable figure over all history, as well as can be determined, of the ruling class. I suppose most peopel with 'only' a million would try to make it grow, probably by taking a job if a sufficiently respectable and well-paying one existed for them. Probably the figure should be a household net worth of oen million _per person_, but it's not worth quibbling on this and other points. We have a core figure for the capitalist class in the United States, and one that ignores (as it should) life style, income, education, values, etc. Carrol
