Wealth vs Income
Commenters debate and clarify the distinction between wealth (net worth and assets) and income (salary or earnings), emphasizing that being wealthy means living off assets rather than high income.
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It's about wealth, not income.
That's wealthy, not rich. Rich people live off income, wealthy people live off net worth.
Note that the article is about wealth, not income.
Wealth is always relative, so yeah.
The article conflates Richness and Wealth.Those are 2 different things.Richness is measured in Money.Wealth is measured in Time and Health.Rich Example 1: Some Doctor making $2 million a year and spending on cars, trips, massive houses is RICHRich Example 2: NBA player making 7 million a year, but blowing money on massive house, parties, and giving money away to relatives and "friends"Now, you can see that the moment the NBA player or Doctor stops working... they will
You seem to be implying that only individuals may have wealth.
I think you have different requirements on what constitutes "wealth".
Wealth is not income. Income is usually much lower.
Wealth is not necessarily the product of one's labor— especially in large quantities.
Wealth isn't a fixed pool of stuff. Me having more wealth isn't taking away from someone else.