“We are all millionaires”, or most of us anyway

I read an interesting statistic in a column by David Gergen and Michael Zuckermann at cnn.com. Regarding income brackets, it references a 2000 survey where “no less than 19% considered themselves in the top 1% — and another 20% on top of that expected they would be soon.” It’s hard to know how the poll would go today, but it does color our debate over tax policy.