How much wealth must a person have in order to be "wealthy?"

[PeaceWave]

There have been a number of recent threads here which, taken together, suggest vast differences in how folks in our own party view wealth. All of us can agree that a billionaire is wealthy. That's a given. But, is a person who owns two houses, both of which have mortgages, a wealthy person? What if that person only owns one house, but that house is paid off in full? What about a person who has $500K in a 401(k) or 403(b) account? Does it matter what state or city the person lives in? It seems to me that these are questions we need to have answered prior to the next time our party takes control of either or both the White House and Congress. Especially so since the Trump administration is likely to exacerbate an already enormous national debt, thereby leaving Democrats having to figure out once and for all how to make Federal financial ends meet. One proposal is to implement a wealth tax - Something the country has never before done. But, if we're going to go in that direction, first we need to ask ourselves - "Who's wealthy and who isn't?"