Comment Re:well.. (Score 1) 760
Consider a farmer with a couple hundred acres. Annual 'income' of $20,000, but on paper, a millionaire, because of the land.
That makes no sense at all. If his equity in the land is more than a million, then he *is* a millionaire. Being a millionaire doesn't mean he has a million dollars in cash laying around.
And if he is a millionaire, then busting his ass to make $20k doesn't make much sense either. Surely he could rent out that land for a lot more than that.