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ggreerlast Monday at 7:16 PM1 replyview on HN

You are comparing a stock to a flow. Billionares in the US don't make $7 trillion per year. They accumulated that wealth over their lifetimes. If you want to compare apples to apples: The net worth of the US (as much as that concept can make sense) is around $176 trillion. That includes $269 trillion in assets and $123 trillion in debts.


Replies

komali2last Monday at 11:02 PM

Sure, all I'm saying is it's bizarre that the country allows its resources to be allocated so inefficiently.