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David's avatar

I'm old enough to remember when the left was all-in for getting all the taxes we needed from "millionaires." When I was a lad, the word "billionaire," though presumably it existed, was not heard in the common discourse. I'm fairly sure the first time I became aware of its existence was in 1972, when George McGovern waxed eloquent in his disdain for "John Connolly and his Texas billionaire friends." At the time, Bill Buckley puckishly commented "...all three of them."

A few months before my father died in 1999, he took me to meet the family lawyer and the family financial advisors. At the end of the briefing, my father smilingly turned to me and said, "You see? You're going to be a millionaire after I die!" Then he paused and said, *sotto voce*, "...Of course, a million dollars isn't what it used to be..."

Urs Broderick Furrer's avatar

Oh, how true. And this is much of what the current “affordability” debate is about. Young people look around and say why can’t I have that, and that, and that, and money left over because that’s how they think everyone else lives.

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