I honestly can't recall what I was thinking when I wrote this More like the particular framing was like Almost right but just super not right
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Basically the dumb part of this statistic is that yeah gross wealth doesn't mean nearly as much as net wealth Like--if I take out a $10T loan wow I'm the richest man on Earth in gross terms, but my net wealth has not changed (and is decreasing every second interest accrues)
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And the thing is that (I think!) more people are net debtors than net creditors and so this becomes extremely dumb quickly Like if I give a beggar with no debt a dollar boom he has more net wealth than the bottom 50% of Americans combined
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