"Collectively, U.S. millionaires are going to go from $39 trillion to $87 trillion in wealth by 2020, according to a study the Deloitte Center for Financial Services and Oxford Economics released last week.
Not a word about what happens to hundredaires, thousandaires or even hundred-thousandaires. Perhaps they'll keep looking for jobs, losing homes to foreclosure and filing for bankruptcy. Or maybe all those trillions will one day trickle down.
Meantime, there has got to be at least one bespectacled, brainiac problem-solver in Washington thinking, "Hmm, trillions? We only need $14 trillion to end the nation's debt crisis. Thanks, Deloitte."
Deloitte, however, is not pointing this out for the tax man. This is for bankers, insurance peddlers and wealth managers, so they can find the trillions and collect a fee.
For all the economic misery in the news, there remain nearly 7.8 million households in America with $1 million to $5 million in assets, 2.3 million households with $5 million to $30 million and 496,000 households with more than $30 million, according to the study"................read it here
No comments:
Post a Comment