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No, 5 to 1 has been the ratio in recent decades. I know this was true in 1990s when I studied this issue, and it could not have changed that much in 20 years. S
by lkrubner 8y ago
No, 5 to 1 has been the ratio in recent decades. I know this was true in 1990s when I studied this issue, and it could not have changed that much in 20 years. So 100 trillion would be my assumption.
- harryh 8y agoI wonder how that breaks down into categories. Some quick googling reveals the following: ~30 trillion in residential real estate ~6 trillion in commercial real estate ~30 trillion in pubic company value Other big buckets I guess would be undeveloped land & private companies. ~100T sounds pretty plausible but I feel like I'm missing a big bucket or two. Not sure what though.
- mmt 8y ago> I feel like I'm missing a big bucket or two. Not sure what though. Considering how huge an employer the public sector is in the US, it stands to reason there's a huge value to in the government-as-an-enterprise, even if only considering cash value of assets, such as real estate (including natural resources!) and equipment (including military). Of course, it might be very tough to calculate, if one includes every public entitity down the the local level and takes into account the debt of each entity.