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RE: Whether I am rich or not depends on how I define rich on the test

I should have said income and not wealth as you point out, they are completely different animals. The truly rich, like billionaires may not have much income because their wealth is in real estates, stocks, etc. At the same time, they may not need high incomes to maintain their lifestyles.

Where there is a high turnover is in the high income group that does change a lot from year to year. That why the tax the rich mantra is unlikely to be much of an issue to those billionaires, it hits the high income folks that aren't necessarily super rich.

-Rod


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