Sad news for egalitarians. According to data from Spectrum Group, the Chicago-based wealth research
firm, there are now 8.99 million U.S. households whose net worth totals
$1 million or more (not including primary residence). That's up from
8.6 million in 2011 and just short of the all-time record set in 2006,
when the United States had 9.2 million millionaire households.
So what is an egalitarian to do about this? Hope for a stock market crash and another recession? Punish 300,000 people who invested in the stocks and real estate that fueled their wealth increase? Make sure they won't do it again?
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