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World now has 10 million millionaires, report says

dallasnews.com — NEW YORK – Add an extra zero to the ranks of the millionaires club. The number of people around the world with at least $1 million in assets passed 10 million for the first time last year, according to a new report. And their bank accounts are growing even faster.

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  • michaelwong38, on 06/24/2008, -9/+31There's no millionaire in my house! Not even a thousandaire.
    • MxM111, on 06/25/2008, -3/+23Ehm... You have your own house? That must cost more than a thousand...
    • theotheragentm, on 06/25/2008, -0/+15If you're in California you can get a house with bars on the windows for half a million. The bullet holes come free. You're pretty much half way there with any house in California right now.
      • IglooBurner, on 06/25/2008, -0/+1You'll be half way there if you own a 500 sqft condo in Manhattan.
      • chispito, on 06/25/2008, -0/+0You can get a house much cheaper in places like Stockton, Barstow, and Visalia.

        But that sort of defeats the purpose of living in California, doesn't it?
        • LizNovack, on 06/25/2008, -0/+1The central valley of California has more in common with Texas than Calli.
    • infinitus64, on 06/25/2008, -2/+11that is because 10 percent of people control 90 percent of the money.
      • hempydave, on 06/25/2008, -4/+10That's because 90% of people are fools.
        I part people from over half a million in sales a yr of super kool stuff nobody needs.
        • MWeather, on 06/25/2008, -2/+12So the secret to being a millionaire is not buying stuff you don't need? Have you ever seen a millionaire's house, or their car, or their yacht, or the helicopter that lands on the yacht?

          I'm thinking there's something more to it than being thrifty.

        • brettg102, on 06/25/2008, -4/+16A million dollars is NOT that unattainable at all. Go do a ROTH IRA calculator of saving the max of 5,000 a year from 25-65.... over 1.5million. SAVE DUMBASSES.

          http://www.planningtips.com/cgi-bin/roth.pl
        • enclaved, on 06/25/2008, -10/+9sweet, so if i put away 20% of my money away each year, I can be rich in 40 years when i'm almost dead. THATS AWESOME DUDE TELL ME MORE
        • brettg102, on 06/25/2008, -3/+7Yeh...that's not a horrible percentage. It's humbling to know someone who makes 25k a year can be a millionaire if they are frugal and aren't retarded with money. You're mindset is what keeps the poor that way. Don't worry...I'll pay for your retirment with SS medicare and medicade.
        • sexybobo, on 06/25/2008, -2/+12@brettg102
          so when i am 65 i can buy a gallon of milk.
          The reason why their are 10 million millionaires is because a million dollars is not a hell of a lot of money any more. It use to be if you had 1 million you would be set for life and never half to work. Now 1 million is enough to live comfortably for 20 years or so.
        • IglooBurner, on 06/25/2008, -5/+1Money is useless saved. If you have extra cash, aside from emergency funds, invest instead. Only save when you have a long term goal to purchase, that's what I think.
        • brettg102, on 06/25/2008, -1/+2@IglooBurner
          When I say save...I mean invest...not let it sit in some .25% savings account or a checking account, yes, that is useless. IRAs and mutual fund investing is easily available to everyone and will reliably return 7-10% over its lifetime (sometimes more and less yes).
        • thebza451, on 06/25/2008, -2/+4@brettg102
          now why would i want to become a millionaire at age 65 when i'm too old to enjoy it properly and life has already passed me by? and we're the dumbasses huh?
        • enclaved, on 06/25/2008, -3/+5"It's humbling to know someone who makes 25k a year can be a millionaire if they are frugal and aren't retarded with money." brettg102

          I'm sorry, but that's utterly nonsensical. Lets assume I make in the area of 25k for the next 40 years until I am 65, but mostly lets focus on one year and not worry about raises and inflation and skyrocketing cost of living and the devaluation of the dollar

          Rent: 6500
          Car Insurance: 1500
          Car Payments: 2400
          Gas: 1200
          Electricity: 1000
          Food: 1800

          So, that's some of the basics at an estimated cost for the year, which totals up to just shy 15,000 on a completely shoestring single white male living in moderate suburbia. That's not counting heat, air conditioning, clothing, car repair, the rising price of gas, the weekly payments to your mom. It's also not counting entertainment(tv,internet,strippers^H^H^H^H^H^H^H), booze, the pursuit of sex (oh i said that already), drugs, and rock and roll. So ***** you and your humbling *****, let me go live in a box and save up so I can have what will probably be the equivalent of much less then it is now in 40 years, of course in those 40 years the yearning call to end my life will surely have taken over due to the incredible ennui of living in a ***** box doing nothing but waiting to die with money.
        • enclaved, on 06/25/2008, -1/+1oh and ***** your little medicare and social security *****, I've been paying into them for the last 10 years and I'll continue to do so until they fix the problem with it and you know what I'll most likely see out of it? Jack *****, how about you go tell the government to save my money for me if they aren't going to give it to me so I don't have to listen tf you whining about it like your money is going to actually help anyone but the current old people collecting.
        • Y0tsuya, on 06/25/2008, -2/+3@enclaved

          If you don't want to save, then don't complain when you're broke. How hard could it be?
      • chispito, on 06/25/2008, -1/+1Good point, comrade.
    • BobOki, on 06/25/2008, -3/+2Interesting to note:
      It takes 4 million to be called a millionaire, yet this article goes by 1 million. How sensational of them.
    • megamod, on 06/25/2008, -0/+6To be a Yen Millionaire you only need $10K USD =)
      • WalkerTXclocker, on 06/25/2008, -0/+6Damn, I'm not even a Yen millionaire.
    • misguidedmonkey, on 06/25/2008, -1/+2This article says 10 million millionaires like it's a good thing. I don't think they mentioned anywhere that while the rich are getting richer, the poor are getting poorer. The middle class is being wiped out while 'yay' for the rich and um, ***** the poor. Being in the middle class bracket myself, while struggling HARD not to become poor, I say All the millionaires in the world can eat my *****.
      • nepidae, on 06/25/2008, -1/+1Yeah, damn them for working and such!
  • ileen4justice, on 06/24/2008, -17/+10And the top 1% of the wealthiest people in the U.S. have as much wealth as the 90% of us have nots.
    • woodrow8292, on 06/25/2008, -14/+10So lets all vote for Obama and he will take their money and give it back to us! We'll get those evil rich people and all their money! Tax tax tax 'em! Zzzzzzzzzzzzzz

      And your quality of life is still better than 99% of the worlds population so quit complaining! Go live in a third world country and see how good you have it! so what if 1% have as much as the rest of the 99%. You have no idea how good you have it. The best part is if you don't like it you can work harder or get more education and improve your own life!
      • ileen4justice, on 06/25/2008, -11/+3I don't have to go to a third world country, if you had half a _____, you'd see we are becoming one!!! Please cite your source on "your quality of life is still better than 99% of the worlds [sic] population." Even assuming that's true, why is it that 99% of the planet is living in horror and pain? Hmmmmm, does the word neocon ring a bell????
        • woodrow8292, on 06/25/2008, -3/+10So how many computers do you own? How many TVs do you have? How many ipods? How many cell phones? 99% of the world isn't living in pain and horror please site your source. My point is so what if there are a lot of rich people in the country most of them worked for it and put in the time to get that wealth. Guess what not everything is fair some people have more than others. That's the way it always has been and always will be. I am all for helping the less fortunate and giving back in various way but the is no reason to punish the successful. Even with all the 1% having as much as 90% I feel my life is pretty good and live well.
        • mauso, on 06/25/2008, -4/+13ileen4justice is an idiot.
      • duckyinc, on 06/25/2008, -1/+1If your stupid theory is right Africans would tax us to death..
    • TomK88, on 06/25/2008, -7/+14It is nobody's responsibility but your own to create wealth for yourself. Most millionaires are self-made. What differentiates a "have-not" person like yourself and a millionaire? The fact that they worked for it and didn't sit around whining about people who have more assets than them.
      • woodrow8292, on 06/25/2008, -4/+3Amen.
        • hempydave, on 06/25/2008, -0/+1I worked 6 days a week since I was 6 yrs old and got full collage degree. I didn't watch a lot of TV
      • MWeather, on 06/25/2008, -2/+10The poorest people I know are the hardest workers I know. The richest tend to delegate.
        • Jeffler, on 06/25/2008, -0/+4..because at that point they have the ball rolling and they can sit back. It gets easier over time, you know.
        • MWeather, on 06/25/2008, -3/+4So they need to do less work the richer they get? So much for "working for it"
        • PolishLogic, on 06/26/2008, -0/+1@MWeather

          There comes a point when your money can do all the work for you. Compounding FTW.
      • nycmac247, on 06/25/2008, -4/+7WRONG - most had help from mommie and daddy to put them in a position to be able to become a millionaire.
        Although you see people "pulling themselves up by their bootstraps" it is in fact very rare and most millionaires were on the road long before their businesses made money.
        • TomK88, on 06/25/2008, -3/+4Most millionaires are self-made. Get your facts straight.
        • blatantninja, on 06/25/2008, -0/+3Complete BS. I work with high net worth individuals and more of them came from the lower classes than were born into middle or upper class.
      • DamnMan, on 06/25/2008, -3/+1Because obviously John McCain went to Annapolis based entirely on his own marit and not his old man being Admiral? Bill Gates would be one of the richest persons in the world had he been born 10 years to late for the computer explosion? George Bush Jr is obviously in the White House now based entirely on his own skills and speaking abilities?

        Sure its naive to think that no one worked for what they have. Its even more naive to think external circumstances outside our control don't play an equally important part. Even people like Warren Buffet, Who arguably earned what they have. How different would things have been for him had his father been a house painter and not a Broker? Would his head for business been as well developed? Would he have had the opportunity to go to college?

        "Have not" is self defeating, someone can go from nothing to everything. But that doesn't negate the fact that the "already haves" exist in fairly large numbers. Either born into money or circumstance.
      • BabyWookie, on 06/25/2008, -1/+1Not every one can be a successful capitalist. If every one could, most every one would be and there would be hardly any one left to work for them. Most people are just not blessed with the necessary skills, talents or the drive. The capitalist system actually depends on this and thrives on the "class division". Capitalism is an economic system dependent on the failure, or the very limited economic success, of the vast majority of its participants.

        Consider this... To succeed in a capitalist society you must do two things: save & invest. Now, if even a small majority of participants were to actually follow those two rules, the capitalist economy they live under would become non-functional. Because capitalism also depends on people spending. Why do you think it is we're told to spend, spend, spend, instead of save, save, save? It's for that very reason.
    • inigomntoya, on 06/25/2008, -0/+4There are a lot of factors here -
      The plunging dollar
      Baby boomers cashing out 401K's & IRA's
      People working hard and spending LESS than what they earn
      It is NOT people stealing money from you or me. It is hard working people using a capitalist system to enrich their own lives instead of leeching off the services of a country in debt.
    • ousthouse, on 06/25/2008, -0/+6Just because some people have more than you doesn't make you a 'have-not'. I'd rather be what you'd call a 'have-not' now than a 'have' 50 years ago.
    • JointVenture, on 06/25/2008, -1/+3Speak for your ***** self you economic disaster.
  • Surferess, on 06/25/2008, -19/+12And the rich get richer.
    • Tonicks, on 06/25/2008, -4/+11A lot of times because they've made wise decisions and are smart. Sometimes they inherit it ... from someone who made wise decisions and was smart.
      • BabyWookie, on 06/25/2008, -1/+1Sometimes, they just know how to take advantage of others.
        • Tonicks, on 06/25/2008, -1/+2Way to take responsibility for yourself. "I'm poor because I'm being taken advantage of."
          FALSE.
          I used to think like you, but then I realized I didn't want a job mixing concrete.
        • BabyWookie, on 06/26/2008, -0/+1I never said that I was poor. I am one of the lucky few who did come "from the dirt" and made it. I just have a grasp of the fact that, not every one who comes from a situation similar to mine, has the necessary intelligence and talent. I also know, for a fact, that those people are taken advantage of, all the time.
    • gta3uzi, on 06/25/2008, -3/+4It didn't say the 1 million millionaires became even wealthier, it said 9 million more JOINED the millionaire club.

      To me that sounds like the not so rich getting richer, but that might just be me.
      • MWeather, on 06/25/2008, -1/+2"It didn't say the 1 million millionaires became even wealthier"

        And their bank accounts are growing even faster.
      • hempydave, on 06/25/2008, -1/+4I used to be very poor, opened a store and ten yrs later I'm in the club.
        Ahhh It's good to be the king.
        • Y0tsuya, on 06/25/2008, -2/+1Oh no, you shouldn't have posted. Now you're on every poor digger's list to be the first against the wall when the revolution comes.
    • robbh66, on 06/25/2008, -0/+6The article is about how more people are millionaires- and you respond with "And the rich get richer."

      Analyze your comment and how stupid it is in this situation.
    • gungaroo22, on 06/25/2008, -2/+7Because they do smart things, like graduating college, and applying themselves.

      Believe it or not - some people work hard! Who would've thought?

      No need to be angsty - just try harder.
  • vortz83, on 06/25/2008, -5/+45Wow, it's not even awesome to be a millionaire anymore. That makes me feel very, very poor.
    • jcm267, on 06/25/2008, -13/+10Something tells me that your parents made the money and that you're one of those spoiled rich kids that makes being a rich kid looked upon as a bad thing by everyone else.
    • RutgerB, on 06/25/2008, -1/+8I think you misinterpreted him... I'm no millionaire, and being one isn't even special, what makes me that?
    • AutoTom, on 06/25/2008, -0/+5oh my god everyone shut the ***** up

      this is an issue for the kids in africa, not the kids in america
    • FelixdaaHack, on 06/25/2008, -0/+1It's easy....just become a warlord in Africa and funnel aid money into your personal bank account and you too can become a millionaire :D
  • lucy22, on 06/25/2008, -10/+2That's alot of rich people!
  • manzplan, on 06/25/2008, -20/+11more millionaires mean more poor folk too if you think about it... where did their money come from? you and me...
    • jcm267, on 06/25/2008, -6/+23You are a moron.
    • TomK88, on 06/25/2008, -4/+9Wow. You do realize the pie can grow, right?

      If anything, more millionaires mean more money for poor folks. Welcome to the world of progressive taxation.
      • MWeather, on 06/25/2008, -1/+4It's all a matter of proportion. If everyone had an equal portion of the pie, no matter how big it is, nobody would be rich.

        Being rich involves have more of the pie than others.
        • slvrbullet87, on 06/25/2008, -0/+2By finding a way to have people give you a portion of their pie for something they want, say a TV.
    • glowfood, on 06/25/2008, -4/+7Nothing worse than poor jealous people.
    • mauso, on 06/25/2008, -5/+4manzplan is an idiot.
    • Maynym, on 06/25/2008, -3/+10Economy is not a zero-sum game, dummy.

      The growth is absolute; the world as a whole is getting richer, that's why there are more millionaires.

      The difference between capitalism and socialism:

      Capitalism: Some very rich folks, quite a few rather-rich folks, a lot of average folks, some poor folks.

      Socialism: Everyone poor.

      So, which is better? I can tell from experience, I lived under both systems.
      • slvrbullet87, on 06/25/2008, -1/+2According to the jealous people on digg, socialism
      • Y0tsuya, on 06/25/2008, -1/+1It would seem that absolute growth cannot indefinitely. Every once in a while inflation whacks us back to where we belong.
      • BabyWookie, on 06/25/2008, -2/+1Democratic "Nordic style" socialism: Every one is taken care off and has a safety net.
    • imightbewrong, on 06/25/2008, -1/+5One of the greatest misunderstandings about money and an economy is that if someone is getting richer than someone else must be getting poorer. When Apple creates a new iPhone and sells it for 199$ Steve Jobs gets richer, Apple as a company gets richer, but so do the people who now get a better iPhone for half the price, those people are better off too. Who loses?? Apples competitors lose a little bit, Garmin's sales go down a little bit maybe, but the positive effects far outweigh the negative. More millionaires does not mean more poor people.. it probably means less

      Econtalk is a great podcast for those interested in understanding Economics in a practical and theoretical sense
      • Maynym, on 06/25/2008, -1/+7Yes, the socialist imbeciles seem to think economy is a zero-sum game. They have no understanding of the basic concepts of economy. Just mindless sheep full of resentment shouting inane Marxist propaganda , they want to drag everyone else down to their piss poor level, because they're too lazy to work or too stupid to improve their financial status.
        • BabyWookie, on 06/25/2008, -2/+1Hey, dumbass. Socialism and Marxism originated among the middle-class intellectuals (read: smart people) and not the so-called "jealous poor". Your "concepts of economy" are a bunch of completely meaningless *****, made-up by some capitalist ass-lickers, in order to justify their continuing exploitation of the working class. The economists are some of the most useless people in the world. You keep drinking the Ayn Rand kool-aid though.
      • EvilCapitalist, on 06/25/2008, -0/+1I second the props for Econtalk! Any of Milton Friedman's podcasts are good, but this is an excellent one:

        http://www.econtalk.org/archives/2006/09/friedman_ ...

        So much for "zero-sum" economics. (An old socialist ploy.)
  • woofer1125, on 06/25/2008, -2/+24i carry monopoly money in my pockets...

    i feel like a star when i walk on cardboard...

    :(.
    • inigomntoya, on 06/25/2008, -0/+6You and your damn race car. Could you at least show some courtesy when passing us thimbles!
  • S7aind, on 06/25/2008, -3/+38With inflation being a millionaire wouldn't be a big deal in 15 years
    • BESTenemy, on 06/25/2008, -0/+9 This morning on my way to work the guy was talking about the same thing. He brought up Austin Powers as an example where the villain asks for 1 million dollar ransom, that was a more significant amount of money in the past where he originated, only to have everyone in the present chuckle.

      Still the wages don't rise automatically as a result of inflation. There is a delay between consumer price, producer price and wage increases. Those that sit close to the issuer of currency gets the first grab at fresh money and gets richer by being able to spend it before the money dilutes the value of all the rest in circulation. The poor, not having spent anything, sees the value of his savings evaporate. So, an increased number of rich people is to do with inflation, but the fact is of no comfort to the poor that are getting squeezed worse than before and aren't getting proportionally more money.

      We live in a Keynesian economics system where price stability is the target. The problem is that such system constantly dilutes the monetary supply, discouraging investment through saving. It promotes speculation and investment through credit (borrowing). Austrian system is an alternative - it promotes price deflation and puts a cap on monetary expansion. In such system the person that saves gets rewarded by having his currency appreciate in value over time.
    • sexybobo, on 06/25/2008, -0/+4it isn't now. People have been talking about millionaires since the 1940's but the millionaires in the 1940 would have 15million in today's money.
    • known, on 06/25/2008, -0/+5Isn't everybody in Zimbabwe a millionaire?
      http://specials.rediff.com/money/2008/may/19sld1.h ...
  • ordig, on 06/25/2008, -5/+19.016% of the world's population...
    • imightbewrong, on 06/25/2008, -0/+8.016% of the world's population... are Millionaires!!!

      so 1 out of every 6250 people on the entire world is a millionaire

      really not that bad until you think about what the odds are of some owning less than 100$
      its probably like 1 in 20
      • h0dges, on 06/25/2008, -0/+1or 31 in 625 for those who want an obvious comparison (with the correct value of 1 in 625 people who are millionaires).

        Wiki:
        "The World Bank defines extreme poverty as living on less than US$ (PPP) 1 per day, and moderate poverty as less than $2 a day, estimating that in 2001, 1.1 billion people had consumption levels below $1 a day and 2.7 billion lived on less than $2 a day."

        So for extreme poverty, there are 1 in 6 people or 104 in 625.
    • Laminarcissus, on 06/25/2008, -2/+8That puts it in perspective. Being a millionaire may sound great, but imagine being responsible for holding down 6250 people, having to constantly crush their hopes and dreams under your giant boot heels? No thanks, too much work.
      • slvrbullet87, on 06/25/2008, -3/+6Because if you are rich you are required to ***** people over, interesting line of *****.
        • Laminarcissus, on 06/25/2008, -2/+5Hey, could I get exclusive rights to the chip on your shoulder? If I sold it off piece-by-piece I could make a fortune!
        • BabyWookie, on 06/25/2008, -0/+1It's true. The capitalist system depends on it. If everyone saved and invested, instead of just consuming, the system would collapse.
      • Y0tsuya, on 06/25/2008, -0/+3Crushing the poor's hopes and dreams is more enjoyable and efficient when riding inside a big SUV.
        • BabyWookie, on 06/25/2008, -0/+1Nothing says like a big "***** you" to the environment and the people around you, than driving around a brand new H2.
    • pinlu, on 06/25/2008, -2/+21 in 625 people, not 6250.
    • hhwoot, on 06/25/2008, -0/+10.016%? It should be 0.16%, 1 in 625, if we assume the world population is 6.25 billion.
    • rpgmaker, on 06/25/2008, -0/+6So your chances of becoming a millionaire one day.

      "We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars. But we won't. And we're slowly learning that fact. And we're very, very pissed off."

      • wawilli, on 06/25/2008, -1/+1Fight Club ref.
        • Laminarcissus, on 06/25/2008, -0/+3First rule of Fight Club references is never talk about Fight Club references.

          //SMACK//
      • BabyWookie, on 06/25/2008, -0/+2It's true. The only reason that the exploitation continues, is because the capitalists are very successful at brainwashing the "unwashed masses" into thinking that any one can make it.
  • psg188, on 06/25/2008, -5/+62"I feel guilty for working hard and investing money well, if only someone would redistribute it for me."
    My parents have over a million dollars in assets and both have middle class jobs, they are just smart and have worked really hard every day of their lives, and they remind me of this every god damn day.
    • rald84, on 06/25/2008, -12/+5" Home values were not included in asset totals. " in case you included property totals. i found it implausible for two middle class wage earners to accumulate $1 mil in cash without property, inheritance, etc.
      • Warbick, on 06/25/2008, -1/+4It said home values, not business values etc.
      • Rotzooi, on 06/25/2008, -3/+6It's Digg. People lie.
      • DrJohnson78, on 06/25/2008, -3/+1Your brain is homeless
      • brettg102, on 06/25/2008, -1/+7Not hard at all. Save money in interest earning accounts and never touch it.
      • noahhoward, on 06/25/2008, -0/+7Retirement accounts? It is obscenely easy to become a millionaire if you start saving early. Open an IRA.
      • pappyblueribs, on 06/25/2008, -0/+3Start early. Invest frequently. Make it automatic (because we always have an excuse to not invest). Don't try to time the market. Research the miracle of compound interest.

        The first million is kinda hard, but the second million is easier.
    • kmc127, on 06/25/2008, -2/+18http://www.tcalc.com/tvwww.dll?Save

      10.0% over 30 years in a roth IRA (5,000 limit per year) would give you 1 million dollars... two middle class workers can each put in 5000$ a year giving them each a million dollars... I hope you learned from this and start saving!
      • MWeather, on 06/25/2008, -0/+1Roth IRAs have only been around since 1998. That may be a good way to save, but it's not how psg188's parents saved.
      • dannyapplesauce, on 06/25/2008, -0/+5too bad in 30 years $1,000,000.00 today will be worth appoximately $215,000 due to inflation.
      • BESTenemy, on 06/25/2008, -1/+1To do that you'd have to be confident the system would remain in place for another 30 years. When most of the investment structures resemble Ponzi schemes, one has to wonder how recession proof they are. When real annual inflation is estimated to be over 12% (if you include food and energy in CPI), IRA gives little comfort. Having invested into precious metals in 70's, in comparison, you'd have multiplied your savings by 25 times (that's 2500%). Sure beats the real inflation and any sanctioned investment programs.
        • MWeather, on 06/25/2008, -0/+4And if you invested in precious metals in 1980, you'd have only tripled your money.
        • BESTenemy, on 06/25/2008, -0/+1... or since 2001 - 400% increase. Whatever the case is, having money sit sit around is the worst thing to do (apart from being indebted). I dislike "frozen" funds, because most of the time you can't take your money out. The penalty amounts to the amount of benefit, or can be greater.

          Investing into solid assets is less risky, cause you have the option of performing swaps at will when the conditions change. I don't like having my funds locked into anything, especially when the guy that collects the cash spends it right away, hoping the next joiner is going to fill in the gap.

          Look at healthcare liabilities. The government is saying there is not enough young people to accomodate for the increase in retiring baby boomers... as if they should. As if the baby boomers weren't taxed throughout their lifetimes and didn't invest into their own separate retirement funds. Fiscal irresponsibility drained the first vault. Inflation took care of the second.

          Somehow people believe that by paying someone to count their cash they'll end up having more than if they counted the cash themselves.
  • ColonelTribune, on 06/25/2008, -1/+6I wish I were one of them.
    • p51d007, on 06/25/2008, -3/+2You can do it if you want to. If you live in the USA, ANYTHING is possible.
      You just have to WANT IT enough to work for it.
      • BabyWookie, on 06/25/2008, -1/+1Hah. That's exactly what they want you to believe. It keeps the whole cycle of abuse going.
  • Crackerpat, on 06/25/2008, -1/+14There are thousands of millionaires in the NBA, NFL, and MLB alone. I can see this being possible.
    • woodrow8292, on 06/25/2008, -8/+0How could u not see this being possible? It's for the WORLD not one country. "Ten million may seem like a big number for such an elite club, but it still represents less than one-fifth of 1 percent of the world's 6.7 billion people."
    • rpgmaker, on 06/25/2008, -0/+1I, for one, find that figure very disturbing and far less of what I thought it was.
  • alapoet, on 06/25/2008, -3/+11Meanwhile, the news isn't so good for the rest of us.

    http://realitycatcher-alapoet.blogspot.com/2008/06 ...
    • duckyinc, on 06/25/2008, -2/+7Right.. being a CEO is hard you get ripped apart if your company fails. If you have the skills go be a CEO, if you don't then don't complain, your life is pretty good.
      • MWeather, on 06/25/2008, -2/+4Ripped apart? I've never heard a golden parachute described like that.
        I'd love to be ripped apart like that.
    • blast_flame, on 06/25/2008, -3/+2Economics is not a zero sum game. CEOs being payed more does not make you get payed less.
  • HeatherH88, on 06/25/2008, -8/+18I can respect those who strove to earn their millions... but I have little, if any for those who are rich off of old money.
    • TomK88, on 06/25/2008, -5/+15Right, let's blame people for the situation they were born into. But hey, I bet you were given absolutely nothing your entire life, right?
      • HeatherH88, on 06/25/2008, -6/+5I'm not saying that they should be "blamed" because they were born into it. I just think that there's usually more to be said for having earned your standard of living than to constantly have had the money at your disposal. That's not to say that those born into old money are bad people, but I certainly don't feel the need to respect them as successful, hard-working people if they are not. (I'm sure not all old-money people are do-nothings, but in general, the majority very little to "earn" their fortune.)
    • Tribis, on 06/25/2008, -0/+5Should they just throw the money away and start fresh?
      • DrPh0bius, on 06/25/2008, -0/+3Feel free to redistribute some of it my way! But hey, keep a couple of bucks for yourself... ;)
    • UnMannedMission, on 06/25/2008, -0/+4Their too rich to care what you think.
    • warriorscot, on 06/25/2008, -0/+1Then respect the people that came before to make sure they had money, part of the whole reason to accumulate wealth is to pass it on so that your children and theirs can have a better start and accumulate more and thus increase their prosperity.

  • over9k, on 06/25/2008, -2/+13With the current exchange rate, most of the home owners in UK are millionaires (in American money).
    • imacbook, on 06/25/2008, -4/+1This is nonsense. Where I live you can get a 5 bedroom detached villa for around £250k. I'd imagine that "most of the home owners in the UK" are living in houses of this size or less, so when did that become $1m?
      • tinoproductions, on 06/25/2008, -0/+5The majority of property in london is worth £500K or more, so thats your million right there.
        Unless you live down south (UK), outsiders cant beleive the property prices over here.

        • imacbook, on 06/25/2008, -0/+3Newsflash girlfriend, a majority of the population DON'T live in London.
  • lpmiller, on 06/25/2008, -9/+4I got 10 million millionaires and a bitch ain't one.
    • inigomntoya, on 06/25/2008, -0/+1Are you referring to yourself as the bitch? Or you just bitching about it?
    • jamie191817, on 06/25/2008, -0/+2i think he is referring to the jay-z tune, let me correct him. "I've got 99 problems but my bitch ain't one". I think the track is 99 problems. quality track, but i don't think this guy deserves to listen.
  • jerwin, on 06/25/2008, -10/+3
    I think this is excellent news. I can't wait to start redistributing it!

    -Barry O
  • chrgrose, on 06/25/2008, -6/+2Yeah I'm definitely not on that list.
  • chrisOrbit, on 06/25/2008, -8/+5That's alot of millionaires up against the wall when the revolution comes.
    • mauso, on 06/25/2008, -3/+6You're an idiot.
    • SlimFastForYou, on 06/25/2008, -1/+3Are the people digging you down going up against the wall too?
    • Egoist, on 06/25/2008, -2/+3You want to kill people simply because they have more money than you? Perhaps you should look in the mirror to find the real problem.
  • bullhead2007, on 06/25/2008, -1/+610 million out of 7 billion isn't bad odds right?
    • SlimFastForYou, on 06/25/2008, -1/+410,000,000 / 7,000,000,000 = 10 / 7,000 = 1/700. One in 700 does seem like tough odds. For instance, the chance of dying by a motor vehicle is 1/80. That means you're 8.25 times more likely to end up as roadkill than a millionaire. And then there's the other unfavorable outcomes that don't involve being a millionaire (http://everything2.com/e2node/Accidental%2520death ... ). Welcome to the land of opportunity! lol
      • karapuz, on 06/25/2008, -0/+4Actually only about 1,000,000,000 have access to the internet, electricity and safe drinking water, So his chances are more like 1/100.

        Also note that in the US - where 1 in 3 millioners lives his chances are 300 mil/ 3.33mil = 1/100
      • slvrbullet87, on 06/25/2008, -1/+1Damn it is too bad everybody isnt a millionaire, but if everybody was it wouldnt mean anything
        • bullhead2007, on 06/25/2008, -0/+1Never said everyone should be. I just found the ratio pretty amazing.
  • Albear89, on 06/25/2008, -1/+17I'm an overdrawn account a nair. 200 $ dollars over. any hot chicks wanna have sex ?
    • tommyredcoat, on 06/25/2008, -0/+3If you are trying to prostitute yourself to make up that money you need to get in the mindset that the hot chicks are already getting laid, and that you are going to have to focus your efforts on the fugly ones that no one would touch with a 10 foot pole.
      • cdigioia, on 06/25/2008, -1/+2Uh, I think he was going for irony...
        • Albear89, on 06/25/2008, -0/+4Yeah .... irony ....
        • inigomntoya, on 06/25/2008, -0/+1Yes, wouldn't it be ironic IF hot chicks would have sex with that man? And then pay HIM for it!
      • SlimFastForYou, on 06/25/2008, -0/+1Duh, why do you think he's posting on digg? He's just keeping it hush hush like a gentleman. Despite how many "hot chicks" there actually are on digg, more will self-identify as "hot chicks" and he knows this. Good luck Albear, we debtors have to pay it off somehow!
  • Tanktunker, on 06/25/2008, -3/+58Big deal, 1 million dollars is, what, 4 and a half Euros now?
  • ZeeSniper, on 06/25/2008, -5/+0LOL more millionaires...maybe cuz theres MORE money floatin around.

    • iloveliberals, on 06/25/2008, -0/+0Heh, that's exactly right. It's caused by the government increasing the supply of money, which causes inflation. Inflation is always and everywhere a monetary phenomenon - Milton Friedman
  • andretii, on 06/25/2008, -3/+14they have dollars not euros? lol poor little creatures...
    • Typhoon2009, on 06/25/2008, -4/+4go get invaded by the third reich again
      • sagat, on 06/25/2008, -2/+2Go get an education, preferably one that isn't American and worthless.
        • JointVenture, on 06/25/2008, -4/+1Some people should really think twice about putting their picture on public sites.

          I think you need to ask an unbiased stranger if you're good looking or not. Be prepared for an ego meltdown.
        • sagat, on 06/25/2008, -0/+3You would have a certain expertise is how attractive men are would you fag boy? Don't be scared to come out and admit it, you can hide behind your Charlton Heston avatar and your ultra right wing opinions and blatant racism (yes I looked through your comments) but it's clear to see that deep down all you really want to do is wear pink and have a hard ***** ramming your red ass while you sing along to Eurasure.
          Be proud of your sexuality it's nothing to be ashamed of, hey maybe you can hang out with your buddy Dick Cheney's gay daughter.
        • reisrocks, on 06/25/2008, -0/+3Yup, all of JointVenture comments end up in either a flaming war or a slandering contest.

          Also known as a troll.

          P.S nice response sagat.
  • GavinZac, on 06/25/2008, -2/+4I have a million beans, those are worth a dollar at this stage, aren't they?
    • inigomntoya, on 06/25/2008, -0/+1(Buzzer) Sorry, the correct answer would be grains of rice or wheat. That was grains of rice OR wheat.
      Now, pick a category.
  • BigglesPiP, on 06/25/2008, -0/+8Not very amazing considering the value of some currencies!
  • peaceninja, on 06/25/2008, -2/+2wait..is this an indication of inflation or an indication that the rich are getting richer and the poor are getting poorer?
    • inigomntoya, on 06/25/2008, -1/+3Its an indication that the dollar is dropping and that poor people are staying poor because of poor ways while "rich" people are spending less than what they earn.
    • iloveliberals, on 06/25/2008, -0/+4The poor get poorer because of inflation. If I made $10/hr ten years ago, and I make $10/hr today, I'm poorer now only because of inflation...not because of how much money anyone else has.
  • fhatmanz, on 06/25/2008, -4/+2That figure is without a doubt way higher. The 10 mil does not include cash payments such as drug dealers, hitmans, prositutues and of course, MEXCIANS!
    • inigomntoya, on 06/25/2008, -0/+5How much is a MEXCIAN again? Can a buy a bushel? I would hate to buy one or two now and need a few in the years to come after the price goes through the roof...
  • shadowman99, on 06/25/2008, -3/+31Dear Millionaires of the world -

    Please consider me for inclusion in your club. I'm fun at parties. I have a great video collection. You can probably beat me at whatever Wii game you wanna impress your friends on.

    You like fancy expensive cars? Me too!

    You like living in a big house? I wanna big house!

    We have so much in common! Except money. I don't have much of that.

    But I have a plan. If you're a millionaire and you're not sure about buying that sixth mansion or the Farrari Enzo - Maybe you should just paypal it to me. Email me. Have your people call my people. We'll do lunch.
    • JointVenture, on 06/25/2008, -4/+2You need a real plan.

      Elect obama.
      Lower your income to the poverty level.

      Then Obama will give you the money that people worked hard to earn.
      • RizzoFrank, on 06/25/2008, -2/+2So the plan to become a black american
  • Maynym, on 06/25/2008, -10/+34I think this is good news!

    To those of you who whine about this: Economy is not a zero-sum game, dummies.

    The growth is absolute; the world as a whole is getting richer, that's why there are more millionaires.

    The difference between capitalism and socialism:

    Capitalism: Some very rich folks, quite a few rather-rich folks, a lot of average folks, some poor folks.

    Socialism: Everyone piss poor.

    So, which is better? I can tell from experience, I lived under both systems.

    The resentment of extreme left-wing is the wish of untalented individuals who have nothing to offer to this world and haven't earned anything so they want to drag down everyone else to their level.
    • sk11, on 06/25/2008, -1/+12The difference between America and Sweden:

      America: Some super rich folks, quite a few average folks, many poor folks.
      By-products: much resentment and friction between different classes, races, social and political factions and religions. Many aggressive, ignorant, stressful, greedy and paranoid people. Massive amount of crime and corruption, largest prison population in the world.
      Majority priority: MONEY, MONEY, MONEY, MONEY, MONEY, MONEY, MONEY,...
      Social view: selfish, every man for himself.

      Sweden: Some rich folks, many rather-rich folks, some moderate folks, some poor folks.
      By-products: little resentment, mostly well educated, low crime and corruption.
      Majority priority: good, clean, sensible living.
      Social view: fairness and tolerance.

      Let the neo-con* Sweden bashing commence.



      * for any idiots out there, neo-cons != conservatives. After all, you have to be human to be a conservative. ;P
      • iloveliberals, on 06/25/2008, -4/+3Seems liberals the ones who're obsessed with money....that is, how much money others have.
      • Tonicks, on 06/25/2008, -3/+2Neo-Cons came former Trotsky supporters who just got on the popular boat to power.
      • nepidae, on 06/25/2008, -2/+0Thats why you hide the poor people in walled areas. That way a quick look around and all you see are lots of average people and a decent amount of rich people.
    • belovedkid, on 06/25/2008, -1/+2"The resentment of extreme left-wing is the wish of untalented individuals who have nothing to offer to this world and haven't earned anything so they want to drag down everyone else to their level."

      It is for this very reason that we see people used as economic slaves around the world, told that they need more money, and then their production level jobs are shipped over seas or cut due to privatization (while the private enterprise hires their homeland folk). Your mind set is the reason there is so much oppression in this world and also the reason that most "1st world" countries see disaster capitalism as OK. Am I a socialist? Not at all, and a lot of the ideas in capitalism are great, but if people are never given the chance to make riches, how do they have absolutely nothing to offer this world? If you don't start with money in the bank, the odds of you ever obtaining riches are slim to none. More money gains more money, those with very little spend to survive, not to gain interest.
    • there, on 06/25/2008, -1/+4 I imagine you probably think "capitalism" made America a superpower... when in fact America became a superpower under liberalism (and even today is STILL a mixed economy that would qualify as liberalism)

      Nice public school eduction you got isn't it? My how nice it is to have a fire department to put fires out. Hey I bet you love saying how great America is for putting a man on the moon right?

      In your pure economic genius.. did you consider this stat is NOT inflation adjusted? Or perhaps consider that the world population has grown dramatically over decades? Or perhaps when on considers the divide between poor/middle class and rich... we are actually significantly poorer today than the Americans of 30 years ago? Or how about that credit crunch, devaluated dollar, recession, jobs losses, and crappy foreign policy that puts us at war with the world?

      Naw... of course you didn't. You are caught in a Randroid fantasy world were everyone that believes in moderate taxation is equal to a communist (leftists.. they are all the same right?). In a world where everyone else is sitting on their asses drinking beer in a trailer park. (in a country that's 95% employed) In a world where Rupert Murdock and the Walton kids would still be worth billions if we dumped their spoiled greedy little asses on a deserted Island in the middle of nowhere.

      You like to live in this fantasy world because in it you get to pretend you are some intellectual princess that comprehends the universe in ways impossible for the ignorant sponging parasites and thieves to imagine.

      What you don't get though is you are in fact insignificant (mightily so in fact) and that your debasing analogies are the same language of communists. What's worse... is you don't realize that those very same analogies can easily be flipped around and quite a different picture painted of who exactly are the parasites and wannabe tyrants.

      You remember what the rest of us did to the communists one we figured out who the violent trouble makers with no interest in human justice and progress were right? I really hope you enjoy basking in what has become socialism and cronyism for the wealthy for a few more months pal... because the extreme right is in the process of being crushed into political toothpicks.

      A former conservative. :)

    • p51d007, on 06/25/2008, -4/+2Couldn't have said it better myself. It always amazes me, that most VERY pro-conservative/capitalist out there in the world are those that lived under a very oppressive country (cuba, russia, china, eastern europe). Those who strive to turn the
      USA into a socialist utopia have NEVER lived under such a idea. Oh I know, socialism
      works, it just hasn't been tried by the right people yet....
      All socialism does is breed LAZINESS. Why knock yourself out to do a better job, because it won't get you anywhere. Oh, and those that say "I knock myself out every day and don't get anything for it". You have two courses of action. Do nothing & quit whining, or go to your boss or HR department and ask for more. If they say no, and you are EXCELLENT at what you do, either by word of mouth, or by you getting the word out you are not happy.
      I've been in the career I'm in for 27 years. When I'm not happy with my job duties, or
      pay, I take it up the chain until I get what I think I deserve, an explanation of what I
      need to do to increase my pay. When that comes & I still don't get it, I start looking
      around on the other side of the fence. More than once I've had another company come
      and try to hire me away. Once successfully they got me to move because they
      gave me anything I wanted.
      Now, on the other hand, if you are a union member, there isn't anything you can do.
      I don't have anything against unions. If that's how you want to live, having someone else decide what you make, then so be it, but, it sure looks like most of them have
      priced themselves out of business. 30+/hour for what is pretty much unskilled labor?
      No wonder manufacturers have turned the Michigan/Ohio area into a rust belt.
  • sogeshirts, on 06/25/2008, -0/+2I am not one of them that is for sure.
    • inigomntoya, on 06/25/2008, -0/+1Neither am I, but with working my ass off while I can and my conservative saving/spending plan, I hope to be soon!
  • jkr801, on 06/25/2008, -3/+3spread the wealth
  • Tonicks, on 06/25/2008, -5/+13I can feel it coming: The comments on haves and have nots, etc.
    NEWSFLASH: Most people got rich because they or someone before them made wise decisions and are good with money. They didn't obtain it by evil, diabolical means.
    People complain about the wealthy; they act like THEY deserve that money. But the reason most people are poor is because they are so FOOLISH with their money and too lazy to step out of their trailers to do anything for themselves because, HARK, the almighty government is sending them a check.
    • BabyWookie, on 06/25/2008, -2/+1NEWSFLASH: The average American worker produces about $95,000 worth a year, but the capitalists only pay him $30,000 for his work. The rich do get decadent and super-rich by ripping us off. The only reason they have so much, is because many more don't have enough.
      • Tonicks, on 06/25/2008, -1/+2Thanks for proving my point! And sorry, hun, that's not how it works. Why don't you go have a glass of milk and go to bed while the men talk economics.
        • BabyWookie, on 06/26/2008, -1/+1You know, sweetheart, you really come off sounding as some suburban, yuppie-spawned, trust-funded college boy, who had recently discovered Ayn Rand and Ron Paul and now fancies himself as some kind of an economics expert, as well as a rebel.
        • Tonicks, on 06/27/2008, -0/+1Close. But I grew up on a small farm near a town of 1,903 people in the midwest. So trust-funded, yuppie-spawned and suburban are not quite the words I'd choose. But good try Dr. I-Know-Everything-About-You-From-One-Comment.
  • Asrrin29, on 06/25/2008, -3/+3millionaires in US dollars are not really that rich on the world scene when you take into account the failing dollar value and inflation.
  • FelixdaaHack, on 06/25/2008, -5/+4The U.S. has 1000 billionaires
  • robk30, on 06/25/2008, -0/+1that's a nice round number
  • sk11, on 06/25/2008, -10/+4digg: the world has more millionaires
    neo-cons: Woo hoo!

    digg: the world has more poor people
    neo-cons: Woo hoo!
    • IMJGaltstill, on 06/25/2008, -3/+3Yes you have conservatives figured out. They want as many poor people as possible so they can sell them lots of stuff. Wait a minute.
      • Kenzan, on 06/25/2008, -1/+3Erm no..The point is they don't give a ***** about the poor, or the world, or anyone else besides their own greed.
        If they can get rich themselves by destroying the the world and creating the worst era of Global human misery history has ever known, that's just fine with them.

        Disagree?
        Just read a newspaper.
        Or better yet, how's the American Dream workin' out for you recently?

        • woodrow8292, on 06/25/2008, -3/+2It's going great! I own a home that I can afford, I save money, I spend LESS than I make, I invest, I value education and hard work, I give to charity, I go to church and have morals and values, I don't depend on the government and other hand outs to survive, If I can't afford something I want I don't buy it or don't use a credit card, I cut back on things I don't need so I can afford things I need. Maybe you should try it then maybe the American dream will work out for you!
        • boonesfarm, on 06/25/2008, -1/+1but Woodrow, he's not a Republican, so THEY don't let him have as much money as he'd like to have. If Ron Paul were in Washington defending our Constitution, Kenzan would be a millionaire.... or he'd live comfortably but there'd be no poor people. Or, Obama could just 'take it' from Exxon and give it to him, since he is morally superior to everyone who owns stock in Exxon.
        • IMJGaltstill, on 06/25/2008, -1/+0Things are tight but I have hired 2 new employees in a week. The problem is that soon I will have enough employees to start showing up on the radar of every government mandate on the planet. I will stop hiring one shy of that number to keep the bureaucrats off of my ass and out of my business.
        • BabyWookie, on 06/25/2008, -1/+1@woodrow8292:

          You go to church, eh? Good for you! Now, if you really had these "morals and values", you would actually feel some compassion for those who less fortunate than you, you wouldn't assign negative stereotypes to them and even have some disdain for the system that's designed to keep them "less fortunate".
        • woodrow8292, on 06/26/2008, -0/+0I do feel for those less fortunate than I am and have probably help out more than you can imagine. I work with them everyday. I believe in helping those less fortunate than I. Do I think the government should seize money and tax the hell out of the rich to help them. No. Do I think we should keep giving giving giving to those who don't want to better themselves and abuse the system? No I don't. So don't try and tell me I have no sympathy for the less fortunate. I do think it is up to the individual to determine how they are going to help and give back. The government should not take from the rich for no other reason than they are rich.
      • sk11, on 06/25/2008, -1/+1The neo-cons aren't conservatives.
  • Troy64, on 06/25/2008, -3/+6If the lottery comes through for me tonight it will be ten million and one.
    • Typhoon2009, on 06/25/2008, -0/+3Jinx'd
    • andrewpmk, on 06/26/2008, -0/+1Yeah, what's the chance of that? About 1 in 14 million if it's the Lotto 6/49
      • Troy64, on 06/26/2008, -0/+1No, much worse than that, 1 in 146 million for Powerball.

        That is why I wasn't to worried about being jinx'd.
  • ThatDustyGuy, on 06/25/2008, -10/+3You know what happens when there's an influx of millionaires, the 1920s is an example.
    • blast_flame, on 06/25/2008, -0/+1What happened in 1929 is a result of stupid protectionism combined with a young and irresponcable federal reserve.
  • brettg102, on 06/25/2008, -2/+18A million dollars is NOT that unattainable at all. Go do a ROTH IRA calculator of saving the max of 5,000 a year from 25-65.... over 1.5million. SAVE DUMBASSES.


    http://www.planningtips.com/cgi-bin/roth.pl
    • LeRenard, on 06/25/2008, -2/+2Most people in the US don't earn 5k more than their expenses. Of course, most could lower their expenses, but in many areas of the country 5k is a hefty percentage of the average income. By the way, have you looked at the NPV of all that money? Opportunity costs? Inflation? What happens when you get to 65 and find out that million dollars isn't enough to pay for your medication and a daily cup of coffee? Using your own calculator, having that million saved up will last you two years if you want to draw the equivalent of 50k in todays' dollars.
    • Egoist, on 06/25/2008, -1/+2That's with a modest investment return, too. If you can maintain an average mid-range 14% return on your investments, that total would be closer to $5 million at 65.

      That's $5,000,000, or $200,000 a year for the next 25 years, that you can spend tax free during your retirement.

      If that doesn't make liberals understand why conservatives want to scrap the Social Security system for IRAs, nothing will.
    • GreatGrizzly, on 06/25/2008, -4/+0Roth IRAs depend on the market. I have a Roth that lost a lot of its value because the economy is tanking. That calculator assumes that every year the economy is growing.

      Newsflash: Its not

      Throw in the fact that the dollar is depreciating by leaps and bounds because the government is printing out money to cushion their corporate master's mistakes, and youll see that even if I manage to make a million dollars, it wont buy me anything.
      • Egoist, on 06/25/2008, -0/+1Good God you are an idiot. It's talking about your average rate of return over the period of 40 years, which takes into account negative returns. We survived Carter's years in office with double digit inflation (worse than now) and super high gas prices (worse than now) and investment portfolios have continued to grow. If you want to be a Chicken Little and live your life in the short term, go right ahead. Just don't ask for my tax money to support you when you are too decrepit to work anymore.

        Do us all a favor and stop posting your ignorant dribble and get a job.
      • Egoist, on 06/25/2008, -0/+1Second note: The stock market has historically averaged a 10.53% growth, which counts both the recessions and the booms. If you were to put your savings into even a mediocre index fund, you'll get at least a 10% return on your investment, which with the maximum annual investment + compound interest will make you a millionaire by the time you retire.
    • JointVenture, on 06/25/2008, -1/+4This assholes dont know how to save money, their business plan is elect obama and wait for the handout so they can get a ***** job and play more GTA.
  • the0ther, on 06/25/2008, -11/+2kill em all
  • dep01, on 06/25/2008, -2/+2Too bad all the money in the world can't find james kim or bring corey lidle back to us.
  • TheMightyDane, on 06/25/2008, -4/+4And my dad is one of them.. Cheers to 'em.
  • donkeySays, on 06/25/2008, -3/+2I don't feel special anymore ;_;
  • readerz, on 06/25/2008, -1/+6I have $2 bucks in my pocket couldn't afford lunch and a juice!
  • Piontek, on 06/25/2008, -2/+5No wonder when the dollar is so weak. Try counting millionaires in Euros.
  • leopardflames, on 06/25/2008, -3/+9you know what sucks? when you work your ass off, finally get a new job with a substantial pay raise so you can pay off the debt that you have accumulated for the past five years....and then the taxes are raised. your money that you are taking home now is less than what you made previously. and you are struggling with several jobs to make ends meet. then you hear about these people. i don't want to hear about them. they need to go spend their money so that my boss can pay me more.
    • EvilCapitalist, on 06/25/2008, -4/+5And it'll be "Barakalypse Now" when Obamania sweeps the new Socialist in to power. Hold on to your wallet! Better still, sell your appreciated assets at the 15% capital gains rate before B.O. raises C.G. taxes to 28%. God forbid you should die with any meaningful assets, lest they be taxed at up to 55%.
      • Andrwmorph, on 06/25/2008, -5/+1Waaaaaaaaaaaaah! WAH WAH WAH!
      • SirTwitchALot, on 06/25/2008, -1/+3Sweden has an income tax rate as high as 60%, and also one of the highest standards of living in the world. It's not about how much you're taxed, it's about how tax dollars are used.

        For example, I currently pay around $2000 a year for health benefits. If we had nationalized health care, but I paid $2000 more in income tax I'd still break even. And that's not even factoring the savings to the portions of premiums paid by employers.
        • bipolarruledout, on 06/26/2008, -0/+0But who will police the world?
      • pook187, on 06/25/2008, -0/+2How much is that Iraq war taking out of your wallet?
    • woodrow8292, on 06/25/2008, -3/+2Wait till the savior of the world Obama gets in and raises the taxes on your boss/company and they can't afford the work force they have now and start cutting jobs. But at least the rich will be taxed!
    • p51d007, on 06/25/2008, -3/+1You think taxes are high now? Wait until say January or Febuary of next year.
      Once the "Bush tax cuts for the rich" (as they are called) are reversed, and they pile on
      a bunch of "user fees", etc....what you are paying now will look like chump change.
      Obama=Jimmy Carter Two.
    • Olfster, on 06/25/2008, -0/+2I don't think you have anything to worry about. Your taxes won't go up. Your municipal governments will probably nickel and dime you, but your Fed taxes won't go up. As for those new Millionaires well what comes around ends up back with the people. The way it should be. Do what any smart Millionaire that actually earned their money would do, invest and make more.
  • captric, on 06/25/2008, -10/+2And one in 3 are in the US.......and I am one.
    • inigomntoya, on 06/25/2008, -1/+2I think its funny that people are digging down these people who openly admit they are on "the list" - as if its some unattainable feat for the average American. Now, Canadians digging you down, I can understand THAT! But as a majority of the comments here suggest - ANYONE can become a millionaire over time by spending less than what they earn and/or some ingenuity.
      • captric, on 06/25/2008, -2/+2Well its perfectly normal and expected for Canadians to Digg down rich Americans. Their motivations are inspired by a national lack of pride and a desperate search to look important in the eyes of the rest of the world. So much so that they actually make up false facts about their country to make themselves look better as well as false facts about the US to make us look bad. Its laughable to most of us who live in both the US and Canada.
  • mlvassallo, on 06/25/2008, -1/+8I blame Regis.
  • thebza451, on 06/25/2008, -0/+2now if i can only get each of them to send me $1 i could join their ranks...
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