 lives of the chronically underfed rest of the country.

Who are the millionaires?

The debate over how to reform the US tax code will be one of the top political stories of 2013. Whether America’s richest individuals are paying their fair share will be a key aspect of the debate. So it is useful to get a clearer picture of the financially fortunate.

“[T]he common conception of millionaires, on whom so much of the nation’s long-term fiscal viability depends, is largely a caricature,” writes Graeme Wood in the conservative National Review.

The first step in understanding millionaires, Mr. Wood writes, is a matter of definition. One group of millionaires are those who have assets like homes, savings accounts, and pensions that are worth a million dollars. “The majority are working people,” Wood writes, and some 5.26 million households meet that definition.The second group of millionaires consists of those who earn a million dollars or more a year. This much more rarefied group includes fewer than half a million households a year. Wood notes that many in this group are “lucky one-timers,” folks who won the lottery or inherited from wealthy parents.

Only the 200,000 households with $20 million or more in assets have “the financial equivalent of a perpetual-motion machine, capable of spontaneously replenishing itself and fairly reliably producing large amounts of money for its fortunate owner,” Wood says.

The window washers’ life at the top

The New Yorker provides a vicarious glimpse into the dangerous, silent, and exhilarating world of skyscraper window washers for readers whose own jobs may offer less excitement.

The advent of computer design software made it practical for architects to create buildings with a different window configuration on every floor, “turning Manhattan into a crystal garden of geometric forms and irregular shapes,” writes Adam Higginbotham. At the same time, the work of men with buckets and squeegees has remained just outside the reach of automation.

Thus it is that window washers still have to step out onto an 18-inch-wide walkway outside the 103rd floor of the Empire State Building.When Mr. Higginbotham joined a window washer there, briefly, he writes, “I sank to my knees in what may have resembled an attitude of pure terror.”

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lives of the chronically underfed rest of the country. 

 Who are the millionaire? 

 The argument over how to reform the US tax code will be one of the top political report of 2013. Whether America ’s richest individuals are give their fair share will be a cardinal aspect of the debate. So it is utilitarian to contract a absolved picture of the financially fortunate. 

 “ [ T]he coarse invention of millionaires, on whom so much of the nation ’s long - term fiscal viability depend, is largely a caricature, ” writes Graeme Wood in the conservative National Review. 

 The first footfall in understanding millionaires, Mr. Wood writes, is a matter of definition. One group of millionaire are those who have asset like homes, savings accounts, and pensions that are deserving a million dollars. “ The majority are working people, ” Wood writes, and some 5.26 million households meet that definition. The second group of millionaires consists of those who earn a million dollars or more a year. This much more rarefied group includes fewer than half a million households a class. forest notes that many in this group are “ golden one - timer, ” tribe who won the lottery or inherited from wealthy parents. 

 Only the 200,000 households with $ 20 million or more in assets accept “ the financial equivalent of a perpetual - motion machine, capable of spontaneously replenish itself and fairly reliably producing large amounts of money for its fortunate owner, ” Wood says. 

 The windowpane washer ’ life at the top 

 The New Yorker provides a vicarious glimpse into the dangerous, silent, and exhilarate world of skyscraper window washers for readers whose own jobs may offer less excitement. 

 The advent of computer purpose software made it practical for architect to create buildings with a different window shape on every floor, “ turning Manhattan into a crystal garden of geometric form and irregular shapes, ” write Adam Higginbotham. At the same time, the work of men with buckets and squeegees has remained just outside the reach of automation. 

 Thus it is that window washer still have to pace out onto an 18 - inch - wide walk outside the 103rd floor of the Empire State Building. When Mr. Higginbotham joined a window washer there, briefly, he writes, “ I sank to my knees in what may have resembled an attitude of pure terror. ” 

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 liges of the chronically ukderfed rest of jhw counvry.

Who zre the oillionaires?

The debate over iow ro redorm the US tax code wkll be onv of the rop kolitical stories of 2013. Whebker Ajcrica’v richest indivlduals are [aying their fdif dhare will be a key aspect of the dqbate. Sp lt is useful tj geu a clezgev picture of the financially forfunate.

“[T]ie common conceltion of millionaires, on wjom do much of the natlon’s long-tetj fywcal viabiligy depends, is largely z caricature,” writes Graeme Wood in tke conservajnce Jdtional Revmew.

The first step lm undesstandimg millionairex, Mc. Woid writes, is a matter of definition. One group of mnllionaires are those wyo haee avsetr liye gokea, savijgs accounts, znd pensionw that are worth a kijoion dollars. “Fhe matowity are working people,” Wood writes, and soje 5.26 million households neet that definition.Tje second group of millionaires consists of those who earn a mimuiou dollxes or more a year. This much more rarefied group jnvlldes fewer than hclf a million hoisfhpjds a year. Woud notza fhat many in this hroup ate “lucjy one-timtrs,” fplks who won the lottery or inherited fgom qealthy parents.

Onlv the 200,000 housekolds eith $20 million or more in asszts habe “the finajcial equjxalent of a perpdtusl-kotion machine, capable of fpontaneonsly xeplenisfing itsels and fairpy reliably producing lagge alognts of mojey for its fortunate owner,” Woov says.

The wincof wdshers’ lnfe at the top

The Nqw Yorker provndes a vncariojs glimpse into tie dangerous, silent, and efjilarating wmrld of fkysxrapwr windud washers for teaders wkjse iwn jobs may offer lera excitement.

The adcent of computet ddsidn spfefare made it praztizsl fof archiuzctw to vreate buildings witv a sifferent window cpnniguratiob on evewy floor, “turnong Manhattan into a crbstal jarden of geometric forms and irregular shapes,” wgitcs Adam Higgigbotmam. Wt the samz time, the work of men with buckets and wqueegees has remauned just outside tke reach of antomatyon.

Thus id is that window wasyers still have tp step out onto an 18-indh-wide walkaay outside the 103rd floor of the Empire State Building.When Mr. Higginbotham joinev w window waaher therv, bxieyly, he rritxs, “I sank to my knves in what may have resembled ai attitude oy pure terror.”

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lives of the chronically underfed rest of Who the millionaires? debate over how code be one of top political stories 2013. Whether America’s richest individuals are their fair share will be a key aspect of the debate. So it useful to get a clearer picture of the financially fortunate. “[T]he common conception millionaires, whom much the nation’s long-term fiscal viability depends, is largely a caricature,” writes Graeme Wood in the conservative Review. The first step in understanding millionaires, Mr. writes, is a matter definition. One group of millionaires those have assets homes, accounts, pensions that are a million dollars. “The majority are working people,” Wood writes, and some 5.26 million households meet that second group consists of who a dollars or more This much more rarefied group includes a million households a year. Wood notes that in this are “lucky one-timers,” folks who won lottery or inherited from wealthy parents. Only the households with $20 million or more in assets have “the financial equivalent of a perpetual-motion of spontaneously replenishing itself fairly reliably producing amounts money its owner,” Wood The window washers’ life at the top The New Yorker provides vicarious glimpse into the dangerous, silent, and exhilarating world of washers readers whose own may offer less excitement. advent computer design software made for to a window on every floor, “turning into a crystal garden of forms and irregular shapes,” same time, the work of men with buckets squeegees has remained just outside the reach automation. Thus it is that window washers still have to step out an 18-inch-wide the 103rd floor of the Empire State Building.When Higginbotham joined a window there, briefly, he writes, “I sank to my knees what have resembled attitude of pure Share this article copied. Next up more
 lives of the chronically undeRfed rest of The coUntRy.

WHo Are tHe miLlionaires?

The dEBate Over how to reform the US taX code WiLL be oNE oF the tOp politICaL STorIeS oF 2013. WhEtHEr ameriCa’s Richest IndividualS arE pAying their faIR sHare will be A keY aspect of the DebAte. So iT iS usEFul to Get A cleaRer picTUre of tHe financiAlLY fortuNAte.

“[T]he cOMMoN conCeption of millionaIReS, On whom so much of The natIoN’S lONG-teRm fIscal viabiLiTy depENds, is laRGeLY A CarICature,” writes GRaeme Wood in THe cOnservAtIve nAtionaL ReviEw.

tHe fIrst step in uNderStanding mIllionAIres, Mr. WOOd writeS, is a maTteR of DefiNItIoN. OnE gROup OF mIllIOnaIres are tHoSe Who haVe asSETS Like HomEs, saVings Accounts, and peNsiOns tHAt aRe worTh a miLlioN dOllarS. “The maJoritY aRe working people,” wood Writes, and SomE 5.26 mIllIoN housEHolds mEet ThaT definiTion.The SEcoNd GROUp Of millionaires consIsTS Of Those who Earn a mILlIoN Dollars oR mOre A yeaR. tHis muCh moRE rArefied gRoup inCLuDeS fewer tHaN half a MiLliOn hOusehOLds a Year. WoOd notes tHat maNY in this group arE “Lucky one-timerS,” FoLKS wHO won The Lottery or inHeriTEd frOm weALtHy pARents.

only tHe 200,000 HOuSEholds with $20 million or MoRe in asSets hAve “the financiAl equivaleNT OF a perpetUal-mOTiON machine, capablE of spOntaneouslY ReplenisHing iTself and Fairly relIABly produCinG laRge AmoUNTs Of money for its FORtunAtE owner,” WOod Says.

The WinDow WasHerS’ lIfe at the tOp

The New yoRkEr PrOviDes a vICarious gLiMpsE iNto The daNGerous, SilenT, and ExHiLAraTing worLD oF SKyscRaPeR winDow WaShers For rEAdeRs whose Own jobs maY ofFEr leSs ExCitemenT.

The advent of cOmPuter desigN sOftWare maDE It practiCal for architects to creatE BuildinGs wIth a dIffeRent windoW coNfigurAtiON on eveRy flooR, “turnInG MaNHAttan INTo A crYsTal garden oF GEomEtric FoRms aNd irregUlar shapes,” writes AdAM HiGginbotham. At tHe sAme tIME, tHe wORk OF meN wITh bUCKets and squeegeeS has remainEd JUsT outside thE ReaCh Of automAtion.

ThUs it iS That winDow washerS still havE tO steP OUt oNto an 18-inch-wIde walkwAy outside THe 103rd fLOoR of thE EmPire StAtE BuIldinG.When MR. higGinboTham joInEd a winDow waShEr there, bRiefly, he writes, “I sank to my Knees iN what May Have resemBleD An aTtitude of Pure Terror.”

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 lives of the chronicallyunderfed r est o f t heco untr y.
Who are the mi l lion aires?

The debate ove r how  t o  ref o rm  theUS taxc od e wil lbe  on eo fthe t oppolitic al stories  of  2 013. Whether Am erica’s ri che st individua lsare pa yi ngt heirfai r sha re wil l  be akey aspec to f thed ebate.S o  i t is  useful to get ac le a rer picture of  the f in a nc i a lly  fo rtunate.
“[ T]hec ommon c o nc e p t ion of millionair es, on whom somuch o fthe nation ’s lo ng - ter m fiscal vi abil ity depen ds, is largely a caric ature, ” w rit es G r ae me  Wo od int he  co n ser vative N at io nal R evie w . Thefir st s tep i n understandi ngmill i ona ires,  Mr.Wood  w rites , is a  matt er  of definition.  One  group of  mi ll ion ai res a r e thos e w hohave as sets li k e h om e s ,  s avings accounts, a nd p en sions th at are wo rt h  a milli on  do llar s .  “The  maj o ri ty are w orking pe op le,” Wo od  write s,  an d s ome 5 . 26 m illion  househo lds m e et that defini t ion.The secon d  g r o up of m ill ionaires co nsis t s of  tho s ewho earna mil li o nd ollars or more a ye ar . This  much  more rarefie d group in c l u des fewe r th a nh alf a millionhouse holds a ye a r. Woodnotes  that ma ny in thi s group ar e “ luc kyone - t im ers,” folks w h o  won  t he lott ery  or inh eri ted  fr omwe althy par ents.

O nl yth e200 ,000h ousehold swit h$20  mill i on ormorein a ss et s  ha ve “the fi n a ncia leq uiva len tof aperp e tua l-motio n machine , c a pabl eof  sponta neously reple ni shing itse lf  an d fair l y  reliabl y producing large amoun t s of mo ney  foritsfortunate  ow ner,”Woo d  says. 

Thewindo wwas h e rs’ l i f eatth e top

The N ewYorke rprov ides avicarious glimpsei nto  the dangerou s,sile n t ,and ex h ila ra t ing w orld of skyscra per window  w a sh ers for re a der swhose o wn jobs  mayo ffer le ss excite ment.

Th eadve n t  of  computerdesign s oftware m a de it pr actic alfor ar ch ite cts t o crea t e b uildi ngs wi th  a dif feren twindow c onfiguration on every f loor,“turn ing  Manhatta n i n toa crystal  gar den of geo met ric  form s a n d irr egul a rsha p es,”writ e s Adam Hi g gi nbo t h am . At the sa m e tim e, th e w o rk ofmenwith buckets ands queegees has r emai n e d j ust outs id e the reach of  au to m a tion.

T hu s it is tha t window  w a shers  still  haveto step o ut onto a n 18 -in ch-wide w alk wa y  outsid eth e  103rd  flo or  of th e Empi r e St a t e Building.WhenMr. H i g ginbo t ham  join ed  a wind o w wa sher there , briefly,he wri tes,  “I s ank tomy  knees  in  w hat may ha v e resembl ed an  attitu de  ofpur e terr or.” Share  thi sart icle

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 lives_of the_chronically underfed rest of_the country.

Who_are_the millionaires?

The_debate_over how to_reform the US_tax code will be_one of the_top_political stories of 2013. Whether America’s richest individuals are paying their fair share will_be_a key_aspect_of_the debate. So it is_useful to get a clearer_picture of_the financially fortunate.

“[T]he common conception of millionaires, on_whom_so much of_the nation’s long-term fiscal viability depends, is largely a_caricature,” writes Graeme Wood in the_conservative National Review.

The_first_step_in understanding millionaires, Mr._Wood writes, is a matter of_definition. One group of millionaires are_those who have assets like homes, savings_accounts, and pensions that are worth_a million dollars. “The majority_are working_people,” Wood writes, and some_5.26 million households_meet that_definition.The second group_of millionaires consists of those who_earn a million_dollars or more a year. This_much_more rarefied group_includes_fewer_than half_a million households_a_year. Wood_notes_that many in this group are_“lucky_one-timers,” folks who won the lottery or_inherited from wealthy parents.

Only_the_200,000 households with $20_million or more in assets_have “the financial equivalent of a_perpetual-motion machine,_capable of_spontaneously replenishing itself and fairly reliably producing large amounts of money_for its fortunate owner,” Wood says.

The_window washers’ life at_the top

The_New_Yorker provides a_vicarious_glimpse into_the dangerous, silent, and exhilarating world of_skyscraper window_washers for readers whose own jobs_may offer less excitement.

The_advent_of computer design software made it_practical for architects to create buildings_with a different window configuration_on_every_floor, “turning Manhattan into a_crystal garden of geometric forms and_irregular shapes,” writes_Adam Higginbotham. At the same time, the_work_of men with buckets and squeegees_has_remained just outside the reach of_automation.

Thus_it_is that window washers still_have to step out onto an_18-inch-wide walkway outside the 103rd floor of the Empire_State Building.When Mr._Higginbotham joined a window washer_there,_briefly,_he writes, “I sank to my knees in what may_have resembled_an attitude of_pure terror.”

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