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September 23, 2017, 06:47:01 pm
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| |-+  Economics (Moderator: Torie)
| | |-+  money vs. property
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Author Topic: money vs. property  (Read 324 times)
YaBB God
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« on: September 11, 2017, 06:18:56 pm »

I've got a question regarding the terms for money and things wealthy people own.
Which of the following terms refer to money only and which include property?

fortune, capital, assets, wealth, estate, equity, funds

Which of the following taxes refer to property also?

wealth tax, capital tax, equity tax, net wealth tax.

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YaBB God
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« Reply #1 on: September 12, 2017, 09:15:58 am »

The terms generally depend on the context. In most non-technical usage regarding wealth, stocks and bonds are lumped in with government-issued currency in casual speech since most stocks and bonds are relatively liquid. Physical property is generally considered separately in talking about wealth since it is often relatively illiquid. One can find people who have significant property wealth, but are cash poor.

For example consider this statement: "The venture capitalist earned over $50 million last year and owns five houses." Compare that to "Grandma owns a house worth over $3 million and has some priceless works of art inside, but has trouble paying the property tax each year."

To the OP, those terms in common usage can consider all forms of wealth regardless of liquidity, or they may only apply to a portion of the wealth.
« Last Edit: September 12, 2017, 09:20:01 am by muon2 »Logged

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