free@rss.ponder.catMB to Phys.org@rss.ponder.catEnglish · 2 months agoPeople underestimate the income of the top 1%, researchers findphys.orgexternal-linkmessage-square17fedilinkarrow-up1138arrow-down10
arrow-up1138arrow-down1external-linkPeople underestimate the income of the top 1%, researchers findphys.orgfree@rss.ponder.catMB to Phys.org@rss.ponder.catEnglish · 2 months agomessage-square17fedilink
minus-squarePistcowlinkfedilinkarrow-up35·2 months agoThe difference between a million and a billion? About a billion.
minus-squareNotyou@sopuli.xyzlinkfedilinkarrow-up1·2 months agoIf you take a million dollars away from someone with a million dollars, they would be broke. If you took a million dollars away from a billionaire, they would basically still be a billionaire.
minus-squarePhAzE@lemmy.calinkfedilinkarrow-up4·2 months agoBut not part of the 3 commas club anymore.
minus-squarePistcowlinkfedilinkarrow-up2·2 months agoJust put it all in mutual funds, and you’d earn $80 million a year in growth.
The difference between a million and a billion?
About a billion.
If you take a million dollars away from someone with a million dollars, they would be broke. If you took a million dollars away from a billionaire, they would basically still be a billionaire.
But not part of the 3 commas club anymore.
Just put it all in mutual funds, and you’d earn $80 million a year in growth.