Someone please buy the headline writer at the New York Times a dictionary so he or she could learn that a million dollars in assets does not make a person a "millionaire".
Someone please buy the headline writer at the New York Times a dictionary so he or she could learn that a million dollars in assets does not make a person a "millionaire".
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» What makes a millionaire? from Miscellany
A comment by Craig Newmark reminds me of a couple of people from my home town. A friend of my girlfriend's father owned a junk yard. He had 20 acres of old cars. He figured that all together the cars... [Read More]
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Why doesn't a million dollars in net assets indicate a millionaire? Moreover, in this particular instance, the disclosure forms omit real estate, and since every justice has lived in DC for fourteen or more years, they each almost certainly have hundreds of thousands of dollars of additional real estate equity, probably putting Rehnquist over the top, and cinching the case for the other six. I don't think the Times was off-base here.
Posted by: Ted | June 16, 2005 at 05:19 PM