1012
Do you make $5,000/day? (sh.itjust.works)
top 50 comments
sorted by: hot top controversial new old
[-] saigot@lemmy.ca 8 points 6 days ago* (last edited 6 days ago)

For the curious you'd make 970million in the 532years. Jeff bozos net worth is about 200 billion. You'd need an annual interest rate of about 2.12% to reach 200billion over that period, assuming you spend none of it, if you took an annual income of 20k then you'd only be at 135billion at the end of the period.

[-] TheReturnOfPEB@reddthat.com 2 points 6 days ago* (last edited 6 days ago)

so i couldn't even spend any of it ?

that's rubbish billionaire. unless i could use it to leverage banks to give me loans off of national credit programs.

still i'd just prefer not to do any of it and remain poor.

[-] TheReturnOfPEB@reddthat.com 5 points 6 days ago* (last edited 5 days ago)

Talking about billionaires ... it almost seems quaint as we barrel towards having actual trillionaires.

[-] EndlessNightmare@reddthat.com 2 points 6 days ago

What a failure of society

[-] MystikIncarnate@lemmy.ca 2 points 6 days ago

I have a hard enough time getting my head around how much money $100B is already. Like, I don't even see numbers above the hundreds of thousands ever (usually on loans, like my mortgage), so the idea that some of these people could buy my house 100,000+ times over, and I will spend years, paying for it once, is hard enough.

Wealth hoarding has gotten way out of hand.

[-] ValiantDust@feddit.org 128 points 1 week ago

This is a few years old but still a good visualisation:

https://mkorostoff.github.io/1-pixel-wealth/

Start scrolling.

[-] Lennard@lemmy.dbzer0.com 29 points 1 week ago

Wow. This is another level of doomscrolling. Very educational though

[-] NickwithaC@lemmy.world 9 points 1 week ago

Does anything happen after "we cannot accept this level of inequality any longer" ? I stopped at 500 billion.

[-] weeeeum@lemmy.world 9 points 1 week ago

No. It just keeps scrolling and eventually stops at 3.2 trillion

load more comments (2 replies)
[-] DaddleDew@lemmy.world 105 points 1 week ago

In a video game, whatever allowed them to become billionaires would have been called an "exploit" and would have been nerfed in the next patch.

[-] can@sh.itjust.works 43 points 1 week ago

Our universe is abandon ware?

[-] Thelie@sh.itjust.works 21 points 1 week ago
[-] MystikIncarnate@lemmy.ca 3 points 6 days ago

TIL.

This is about as close as I've ever seen anything come to what I believe in. I usually tell people I'm an atheist because it's easier than trying to explain what I actually believe.

This is pretty much spot on. Thanks.

[-] UnderpantsWeevil@lemmy.world 11 points 1 week ago

In '00s games, sure.

In '20s games, it would be part of the Pay2Win scheme and only available to players who have rich parents.

[-] disrupted@lemmy.world 78 points 1 week ago

kinda makes you think. billionaires should not exist.

[-] jalkasieni@sopuli.xyz 47 points 1 week ago

Virtually everyone fails to grasp exactly how large of a number a billion is. It’s so, so much bigger than the ”very big number” people think of when they hear the word.

[-] Taalnazi@lemmy.world 29 points 1 week ago

The difference between one million and one billion is roughly one billion.

[-] beebarfbadger@lemmy.world 16 points 1 week ago

A million seconds is a little over 11 days.

A billion seconds is a little over 31 years.

Billionaires should be required to count out their dollars individually every few days.

[-] TastyWheat@lemmy.world 5 points 6 days ago

While having someone scream random numbers at them as they count. Fuck em!

load more comments (3 replies)

100% and, more so, thats not just a billion in cash, of course. Thats a billion dollars worth of stuff that makes you money, that can be sold off for at least a billion, most likely far more.

When people read these valuations, they often think to themselves "surely they can't be worth that much" and they're right. It will always be much, much more. Other than Trump, wealth valuations are always very, very conservative, due to the nature of how they do it, and thats before we get to the fact that they're only estimating their wealth on the assets that are publicly disclosed.

load more comments (1 replies)
[-] Toneswirly@lemmy.world 49 points 1 week ago

I mean its worse than that. Youd need to work at a rate of 16,600/hr, 24 hours a day for 2,000 years to get even close to Elon Musk

[-] JohnDClay@sh.itjust.works 9 points 1 week ago* (last edited 1 week ago)

But if you got $5000 at 0.7% yearly interest rate for 2000 years, you'd get to Musk's wealth. You can only get that high with compound interest with investments, rather than earning money.

[-] elrik@lemmy.world 35 points 1 week ago

But if you made just 3% interest on your money as you deposit $1,825,000 annually, over 532 years, you'd end up having $410 trillion dollars or more than 2,000 bezos.

[-] Track_Shovel@slrpnk.net 13 points 1 week ago

Interest is insane when you think about it

load more comments (8 replies)
[-] skibidi@lemmy.world 13 points 1 week ago

2000 Bezos or about 4x the GDP of the planet.

People just need to invest and stop blaming others for being broke SMH.

Invest one penny at 3% per year, who can't afford one penny? You'll have $68 billion in just one thousand years. Poverty is a choice.

[-] Red_October@lemmy.world 9 points 1 week ago

This shit right here is why ancient Vampire Investment Bankers are so insufferable.

load more comments (2 replies)
load more comments (7 replies)
[-] lousyd@lemmy.sdf.org 18 points 1 week ago

I bet for a long while you'd be like, "What even are dollars?", since they hadn't been invented yet.

[-] UnderpantsWeevil@lemmy.world 9 points 1 week ago

Nevermind dollars. What about inflation? $5000/day in 1900 would be worth $187,000 today. That's $68M/year.

You'd need, what? 15 years to get a billion at that rate. You'd also be accusing money faster than Rockefeller.

I have to wonder where all that wealth would even be coming from.

[-] CheeseNoodle@lemmy.world 8 points 1 week ago* (last edited 1 week ago)

Presumably the same place real rich people get it today. Gradually inflating the currency so that even if they're not directly stealing from you the increase in their wealth comes from the lessening of value of your, mine, and everyone elses money.

load more comments (1 replies)
load more comments (3 replies)
[-] RandomVideos@programming.dev 13 points 1 week ago* (last edited 1 week ago)

That why you should have invested that 969 million usd in bitcoin

/s

load more comments (1 replies)
[-] zbyte64@awful.systems 8 points 1 week ago

Big brain chuds: But what if you used that money to exploit the labor of others?

load more comments
view more: next ›
this post was submitted on 25 Oct 2024
1012 points (98.7% liked)

196

16411 readers
1490 users here now

Be sure to follow the rule before you head out.

Rule: You must post before you leave.

^other^ ^rules^

founded 1 year ago
MODERATORS