Much is being made of the existence of 29 February—that leap day in this leap year—and its effects on various costs and accounting requirements. Even The Wall Street Journal devoted 1,000 words to the subject last Friday. After all, this lengthening of the year by a quarter of a percent has all that inconvenience of figuring the costs—including whether those costs matter—of that extra day.
But these are just that: inconveniences, which corporate CFOs and small business owners have long since figured out how to handle.
But the unfairness of the day, the unequal treatment folks suffer through from the existence of that day, that gets ignored.