LSAT Logic Applied
A Washington Post story [https://www.washingtonpost.com/business/2026/04/13/more-american-millionaires-than-ever/] reports that more Americans are millionaires than ever before—but many of them still do not feel rich. That sounds intuitive in an economy shaped by inflation, soaring housing costs, and retirement wealth that exists mostly on paper rather than in cash. But what exactly follows from that? In this episode of LSAT Logic Applied, I break down the argument using classic LSAT concepts like equivocation, alternative explanations, statistical framing, and scope shift. The key question is not whether $1 million means less than it once did. It does. The harder question is whether that means millionaire status no longer signals wealth—or whether the argument quietly changes the meaning of “rich” along the way. This is a great case study in how real-world arguments often hinge not on disputed facts, but on slippery categories. When does “not as rich as before” become “not rich at all”? And how do we tell the difference between feeling middle-class and actually being middle-class? If you like applying LSAT-style reasoning to economics, policy, and public discourse, this episode is for you.
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