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I find it more useful in determining why people support the current right-wing political climate in the US. Not as a way for determining the number of corrupt businesses. If you see some business mogul, all the way down to the lowly millionaires, and they absolutely love Trump, chances are they are involved in shady business practices.
I beat this drum a lot, but I gotta point out that a “millionaire” is a couple with a $300k house you’re still paying for, $350k in retirement savings each, 2 paid off cars and kids in public schools. They’re worth a million, but they aren’t the ones dodging taxes, engaging in shitty business practices, and not necessarily voting for trump.
Because that’s us and a bunch of people I know. We’re 10%-ers and I can tell you that being a millionaire is solid AF middle class.
And that’s completely fucked up. You shouldn’t have to be in the top 10% to have a “normal” life. Oh, and fuck trump. They throw “shady” people in my league in jail or fine the shit out of them if they get caught. The real rich fuckers get away with everything. They just pay lawyers instead of fines.
My bad, you're right I meant multimillionaire. People that own multiple properties and do everything they can to keep the most profit. People that lock down businesses as boards while still mingling in operations to ensure their will stays imposed. Enough is never enough for them.
No worries at all. It’s just a conversation I wish this country would have. A millionaire isn’t squat anymore. It offers a normal life. You need many millions to be actually rich.
Which is crazy. My bank account has 4 digits in it, and its on the lower side of that.