Re:Businesses are in for a mighty debt hangover
by onlyrealcuzzo on Wednesday May 17, 2023 @09:49AM
(#35975176)
No.
The numerator is theoretically their tax bill.
The denominator is not 100. It should be their income - but that's complicated to count.
Re:Businesses are in for a mighty debt hangover
by robertlagrant on Wednesday May 17, 2023 @10:24AM
(#35975611)
The silliness aside, the answer is in the link:
> For the denominator, we use changes in the reported wealth of the Forbes 400 to estimate the income of the 400 wealthiest families.
Re:Businesses are in for a mighty debt hangover
by sershe on Wednesday May 17, 2023 @01:51PM
(#35978886)
So in other words it's completely bogus, at the very least due to unrealized capital gains, and probably thru few more fudge factors like what is "reported" wealth?
Re:Businesses are in for a mighty debt hangover
by robertlagrant on Thursday May 18, 2023 @04:21AM
(#35985306)
It does seem disingenuous to use a percentage, when the error bars are likely an order of magnitude either side of the stated figure.
100. That's what "per cent" means, percentages are a way of comparing ratios without needing to worry about scaling both numbers. The % sign is shorthand for /100 .
As for the citation im not the op but it was the 400 richest families and it was the white house itself https://www.whitehouse.gov/cea/written-materials/2021/09/23/...