> What is the denominator on the fraction that generated the percentage?
100. That's what "per cent" means, percentages are a way of comparing ratios without needing to worry about scaling both numbers. The % sign is shorthand for /100 .
So in other words it's completely bogus, at the very least due to unrealized capital gains, and probably thru few more fudge factors like what is "reported" wealth?
100. That's what "per cent" means, percentages are a way of comparing ratios without needing to worry about scaling both numbers. The % sign is shorthand for /100 .
As for the citation im not the op but it was the 400 richest families and it was the white house itself https://www.whitehouse.gov/cea/written-materials/2021/09/23/...