When it comes to millionaires, America has a monopoly. We have more millionaires than anyone else in the world; we have more people who want to be millionaires than anyone else in the world; and we have more people who can become millionaires than anyone else in the world. Recently USA Today ran a cover story entitled, "Everyone Wants a Shot at Being a Millionaire." The story begins this way:

We live in a society gone millionaire mad. Our national fable used to be: Any kid can grow up to be President. Now we dream that any kid can grow up to be a millionaire, then run for President.[1]

In this country, millionaires are almost becoming a common ordinary run-of-the-mill item. There are probably around five million Americans with assets of $1 million or more. Billionaires are multiplying ev…