The Endangered American Millionaire
Randy Jones | April 16, 2009
When I turned in The Richest Man in Town to my publisher last fall, there were slightly more than 9 million millionaires in the United States. By the time my book debuts on May 4th, there will be just under 7 million. One is forced to question whether this is a good thing or bad thing.
Many people think this economic correction, which has cost wealthy Americans $10 trillion dollars in net worth, has brought the rich their richly deserved comeuppance. And as I have written before in the blog, that attitude is understandable, at least toward those rich who made their fortunes on the backs of others, and those who expected the government to bail them out from the consequences of their recklessness and greed.
