You’re correct, I misread the page. I wasn’t able to easily find any reasonable comparison of “net worth” of the US or state governments—measures tend to mix up “hard” assets like current land value and gold/currency reserves with “soft” liabilities like pension or legislative promised payments. Nothing I found looked at the discounted present value of future taxation—billionaires are mostly heavily invested in a few companies, and their wealth is a fractional ownership of a “value” that is a large multiple of those companies’ annual earnings. Government accounting just isn’t done the same way.
You’re correct, I misread the page. I wasn’t able to easily find any reasonable comparison of “net worth” of the US or state governments—measures tend to mix up “hard” assets like current land value and gold/currency reserves with “soft” liabilities like pension or legislative promised payments. Nothing I found looked at the discounted present value of future taxation—billionaires are mostly heavily invested in a few companies, and their wealth is a fractional ownership of a “value” that is a large multiple of those companies’ annual earnings. Government accounting just isn’t done the same way.