People's intuition is certainly off when it comes to wealth and this article exemplifies the confusion. It argues that income is more important but ignores the

People's intuition is certainly off when it comes to wealth and this article exemplifies the confusion. It argues that income is more important but ignores the connection between wealth and income, which is especially strong at the high end of the wealth spectrum. The Walton family is wealthy precisely because of the claim they have on the economic activity of Walmart. The fact that the company is publicly traded just helps us put a dollar figure on the that wealth more easily.