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The whole exercise in valuing worth, e.g., who is a millionaire, seems just like a playful exercise. However there are occasions when defining how the valuation occurs becomes important. If SS becomes indexed it will be important. It is important in determining who gets help paying for nursing home care. Housing can often be figured in the equation. Politicians are very bad in throwing around figures with defining terms. I recall one who was complaining about the number of welfare recipients in a community where the average income was over a million dollars. It turned out the median income was much less.
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