Um, how isn’t this a thing already? (Millionaire=people who earn $1M yearly)
Sorry for Fox News, but it’s the best source with this headline and it says it’s bipartisan so we should probably be good.

  • PlasterAnalyst@kbin.social
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    1 year ago

    Someone in their 50s could easily have $1M in assets if their house appreciated a lot since they bought it and they gave a decent retirement account. Yet they could have been earning $50k a year and have no liquid assets.

    • Katana314@lemmy.world
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      1 year ago

      I wonder if you could contest this under the claim that you disagree with the valuation of your assets.

      Say your child made a finger painting that you hung on the fridge. Some kind of crazed, but highly respected/influential, art appraiser sees it on a visit and claims it’s worth $10,000,000. So you can’t have any communal benefits unless you sell it (but you don’t want to, because it’s your kid’s - not to mention actually selling it can be hard). Would there be no avenue to claim that the appraiser is an idiot, and it’s barely worth the paper it’s on?