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by Duff 5564 days ago
I don't think this matters, as most of this wealth is on paper and is thus ephemeral.

The inconvenient truth is that our levels of spending and accumulation is debt is not sustainable, period. That leaves two choices:

1. Dramatically cut entitlement and military spending, which requires that Congress vote for gutting many programs.

2. Continue borrowing and servicing debt by having the Federal Reserve continue printing money. This indirectly cuts entitlement spending by devaluing the benefits and doesn't make elected officials accountable.

So if you're worth hundreds of millions, and that worth isn't in the form of assets with intrinsic value, you may not be worth anything after all. The rest of us, on the other hand are debtors.