Post #15145 by Dope1 on the US Policy board

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Why not? If one neighbor earns $1M in wages, and the second neighbor earns $1M through appreciate investments, they've both earned $1M regardless of whether either buys a boat or not.

Because one is realized income (the hard cash is in the checking account) and the other one is unrealized income (there is no cash in the checking account).

The bottom line is cash. Did some get credited or debited from an account?

They both have the same amount of wealth

Do they? What if Mr. Savvy's "wealth" is tied up in a start up with a Beta of 4?

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