I think of somebody wealthy as having enough assets put away and enough permanent income to provide ample cash flow and inflation protection to cover their living expenses and taxes. (rebalance-ira.com)
On the down side, however, life insurance can have tax pitfalls and be costly without permanent income. (myfasttermquotes.com)
From the standpoint of a firm's culture, a class of permanent income partners can be a morale buster. (thelawyerbubble.com)