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It makes no sense to compare GDP vs net worths of billionaires since one is annual, one is not.
by adamnemecek 6y ago
It makes no sense to compare GDP vs net worths of billionaires since one is annual, one is not.
- pyromine 6y agoI think there is times where comparing the ratio of economic stock vs. flow, i.e capital to wealth ratios, but yah the billionaire wealth to GDP comparisons just seem silly. I get what they're trying to say, but it is the weakest way to argue their point.
- onion2k 6y agoThey're both a measure of 'available' resources at a given time though.
- adamnemecek 6y agoIf you deplete one, it’s depleted. The other one is generated next year.