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Income is not wealth. If prolonged inactivity will force a radical restriction in what you consume, you are not wealthy. Many people with high incomes think t
by robbintt 8y ago
Income is not wealth.
If prolonged inactivity will force a radical restriction in what you consume, you are not wealthy.
Many people with high incomes think they are wealthy because of their income. You are wealthy only if you have stored wealth.
See Picketty's "Capital in the 21st Century" for more about income distribution and wealth distribution.
- rch 8y agoExactly. I think it's easier describe wealth in terms of time (yours and that of others'), not income.