RE: Al Gore famously (and the members of the Obama administration since) have argued that if you earn $250,000 you ARE a millionaire.
With apologies to the late Patrick Moynihan, I call this defining millionaire down. With our debt and deficit, pretty soon, everyone will be considered rich enough to tax in their eyes ( well maybe not the 47%, but then, who’s to say that number won’t increase past 50% real soon?)
The 47% will be hit with backdoor taxes (”watch yore cornhole buddy!”) through higher cigarette taxes, fat taxes, sugar taxes, corn taxes, health insurance taxes...