Comment by ThrowawayR2
17 days ago
"America Added 1000 Millionaires A Day In 2025, 40% Of World’s Millionaires Now In U.S." from https://www.forbes.com/sites/dougmelville/2026/01/05/america...
"Altogether, according to an estimate by UBS Wealth Management, the United States is home to ~22m millionaire households — roughly one of every six households." from https://thehustle.co/originals/the-insane-growth-of-americas...
Looks like the Americans have the right idea and Steinbeck ultimately didn't.
I mean technically I'm a millionaire because I own a house. This said the scale from the time the quote was written till now would mean I need like 20 million +
I feel fairly confident in asserting without bothering to check that there are proportionally more $20-millionaires in the United States than there were in Steinbeck's time as well so Steinbeck is still on the wrong side of history. While capitalism certainly needs to be regulated to curb its worst excesses, far more than it is now, it's abundantly clear that it has outperformed the alternatives.