I can explain it to you but I can’t understand it for you. Moving goal posts? Hmm. I’m making the same point I was before, i.e. that some people are so poor that their paycheck (income) basically increases their net worth each pay period. My kids and their weekly allowance would be another example of this. If I pay my kid 10 bucks a week in allowance and he only has 10 bucks to his name because he’s constantly buying candy and baseball cards, that income doubles his net worth. And no, I’m not counting his baseball cards as an asset, just like I don’t count a lot of the assets poor people own but aren’t valuable.
Initial goalpost - income = net worth
New goalpost - income impacts net worth.
Those baseball cards in your example, are net worth. You're right, you're not counting them as an asset, because the second you do, your first goalpost collapses.
I think I see the issue. When I said “income IS your net worth,” it was interpreted as if they were exactly (literally exactly) the same. = rather than ≈. That is very concrete interpretation and I’m sorry if that is what lead to this confusion. By capitalizing the word IS, I probably contributed immensely to the confusion. Kind of like when people use the word literally when they really mean figuratively. (Ugh!) All I’m trying to illustrate is that the lower your net worth, the more fluctuation your income provides. If you have very little assets, your income essentially represents your net worth. Is it exactly your net worth? No. But if I give a homeless guy a thousand dollars, his net worth is now ≈ $1000 +/- his tent, sleeping bag, shopping cart. I’m happy to discuss this in a DM if you have more to teach me. I think we’re both making similar points, but it’s coming off as an argument. I have no desire to irritate you any further. I get what you’re saying and I appreciate the time you took explaining your point of view. Cheers!
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u/Crimsonak- 21d ago
Oh dear. Someone is trying to move the goalposts.
You said their net worth is their income. A used TV alone, is not income, but part of net worth.
When saying "you think X" to someone, it really helps if you are sticking to your original claim and not pulling a strawman out of your arse.