3 ms·
These measures I don't think are a good way to measure, because I think there's a difference between someone who's very wealthy on paper because of high stock p
by cromwellian 10y ago
These measures I don't think are a good way to measure, because I think there's a difference between someone who's very wealthy on paper because of high stock prices, and someone whose's wealth because they got a disproportionate share of income. The latter represents money diverted in the here and now to someone else, and the former represents money that can be diverted in the future. Of course, you can ask Elizabeth Holmes how much of a billionaire she is now with Theranos, as an example of how paper wealth doesn't always translate.
It's possible for someone to be very IPO stock rich, but not actually have received much income. This is especially true for founders who started with their stock, instead of being given it as a bonus.
- tajen 10y agoAgreed. It's still an indicator, although it shouldn't be taken alone. The yearly energy consumption of a person is another that is often recognized as relevant, especially since the duration of our species is now determined by our glasshouse gas emissions.