"true wealth’ starts at a hefty $10 million"- refered to THE FIL

Somewhere in the world, 100-foot yachts are derided as ‘dinghies’ ... and ‘true wealth’ starts at a hefty $10 million. That's ‘Richistan’. The term, which journalist Robert Frank defines as a ‘parallel country of the rich,’ is also the title of his new book about its inhabitants, whom he calls Richistanis. The book got its start in 2003, when Frank, who reports for The Wall Street Journal, picked up a fresh, full-time beat: the new rich..... From 1995 to 2003, the number of millionaires in America doubled. During the same period, the number of households worth $5 million, $10 million and $25 million, respectively, all doubled. In 2005 alone, America minted 227,000 new millionaires." (USA Today, 17 June) As you are reading this in the Socialist Standard and not the Wall Street Journal it is unlikely you belong to Richistan, you are more likely to be a subject of Povertistan.

link: http://www.worldsocialism.org/spgb/aug07/page20.html