You don't need to earn a million dollars per year to be a millionaire. The president gets a salary of $400k per year and has literally all of their expenses paid for, including room, board, maid service, butlers, cars, airfare, clothing, medical care, etc. They serve for 4-8 years, and they receive compensation for life. It doesn't take long to become a millionaire in that scenario. There are no US presidents that aren't millionaires.

[–] xthexder@l.sw0.com 2 points 7 months ago (1 children)

The context of that quote is a little lost, because these days with inflation and housing prices, just owning your own home probably makes you a millionaire.

[–] Anticorp@lemmy.world 1 points 7 months ago

I think you meant to reply to my other response where I quoted William Jennings Bryan. If so, you're right, the number has changed. $1M in 1896 is the equivalent of $36.5M today. But it certainly applies to billionaires, and we were talking about them, so I felt that it was relevant.