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It absolutely does when 90% of the wealth is grouped in the top one or two percent.
The difference between a millionaire and a homeless person is tiny compared to the difference between a millionaire and a billionaire.
I suggest you tell the next homeless person that he’s practically a millionaire, when compared to Elon Musk, and see his face light up. He’ll thank you for the really useful reference point that practically gets him off the street.
That’s not what the word “practically” means and no one above you suggested such.