4 ms·
It would be more useful if they counted expected lifetime income. Most assets are valued at net present value of discounted future cash flows. But they don’t
by naveen99 3y ago
It would be more useful if they counted expected lifetime income. Most assets are valued at net present value of discounted future cash flows. But they don’t count personal future income for the labor class in their wealth calculation. If you do, even people on welfare are basically millionaires.