It’s a little different when much of that net worth is tied up in your house. You can leverage that for cash to an extent, but you can’t simply subside on it for decades the way you could $800k in the bank.

But the larger point remains regardless of where exactly the line is drawn: “wealthy” in global terms includes people in developed countries who are not multimillionaires. These people have massively outsized carbon footprints, even if they aren’t as damaging as people and organizations far wealthier than they are. It’s fair to expect them to cut back on things like air travel and meat consumption.