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.

  • ChickenLadyLovesLife@lemmy.world
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    1 year ago

    actually calculating net worth is extremely difficult to do, especially among the wealthy.

    Even among the non-wealthy. For example, you might have some guy who has essentially no savings but who worked for an auto manufacturer and has a pension coming, compared to another guy who has a million dollars in his 401K but the annual income from that would be less than the first guy’s pension.

    • Flying Squid@lemmy.world
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      1 year ago

      In the 90s, I didn’t qualify for food stamps. I had a minimum wage job, but the house I lived in had a washer and a dryer, which meant I was too rich for food stamps.

        • Th3D3k0y@lemmy.world
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          1 year ago

          Not exactly related, I was a college kid looking to move out of my parents’ house back in 2007. I applied for Section 8 housing as my minimum wage job at the time technically met all the qualifications for it. I wasn’t allowed to receive it because I was in school at the time. You can’t be poor and go to college at the same time if you wanted a place to live, apparently.