Jerry Eichenberger wrote on 12/15/10 at 14:37:45:Mick -
We all have to remember that even if they ride mtorocycles, there are not enough of the super rich, like Zeta Jones or McCartney to make a dent in the national debt even if they were taxed at 100%.
Soaking the rich is politically popular, but as the UK found out, it only drives them away, and matters not a whit in the big picture.
There just aren't enough of them to matter.
I'm not sure how many motorcycles they have but the number of US housholds with a net worth of one million or more excluding wealth derived from a primary residence grew 16% last year,according to a new report by Spectrem Group a Chicago based consulting firm.After a 27% decline in the number of millionaires,the number swelled to 7.8
million ,millionaires last year (I bet they love Obama)
And it was an even better year to be an" ultra high net worth individual" defined as someone with a net worth of 5 millionor more,that population also grew by 17% to 980,000.
American Billionaires 371 way more than any country in the world,
Saudi Arabia has 11, UAE 5, UK was also 11.
just think of the motorcycle we could all by,we could make Jay Leno look like a pauper.
So Jerry you don't think 7.8 million millionaires,will make any difference ? how about the almost one million 5 millionaires ?
371 billionaires.?
I have to ask Jerry which catigory do you represent ?
If you were in the middle with 5 mil ,what kind of motorcycle would you buy ? one for the wife ?