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Reply to "How does unpaid labor figure into HHI? "
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[quote=Anonymous]https://www.khanacademy.org/economics-finance-domain/macroeconomics/macroeconomics-income-inequality/piketty-capital/v/wealth-vs-income OP -- you should watch this. Wealth is "the value of capital and assets owned". Unless you see the care-giving spouse as "an asset owned" (which I hope you don't), caregiving spouse's services are neither "capital" nor "assests owned." And by the way, OP, do you also think we should assign a taxable value to the work one does to mow one's lawn, or change light fixtures, or fix the toilet? Should I assign a taxable value to the fact that I do my own laundry instead of paying someone else to do it for me? Should I have to claim some taxable value for the fact that I taught my children to read and to write cursive rather than sending them to Kumon or a tutor? OP, think it through.[/quote]
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