Seems O and Gov Patterson (NY) are redefining the term “wealth”. Annual income of $250,000 or net worth of $750,000 with one institution or total net worth in excess of $1.5 million is the new rich.
The article asserts with tax revenues dropping new guidelines are necessary. How soon before they move the goalposts again?
http://money.cnn.com/2009/05/04/news/economy/colvin_rich.fortune/
