- cross-posted to:
- videos@hexbear.net
- submitted@lemmygrad.ml
- cross-posted to:
- videos@hexbear.net
- submitted@lemmygrad.ml
Imagine you got paid one million dollars a year. That’s over $2,500 a day. You can work as much or as little as you want, you still get one million dollars every year. No taxes, no strings attached. That’s $1,000,000 every year.
After the first year, you have $1,000,000. You’re wealthy. With good investments, you could get $50,000 - $100,000 a year in interest and dividends. You probably still work, but you live comfortably. But it’s nowhere close to a billion.
After 10 years, you have $10,000,000. You’re very wealthy. You can live off of investment income alone. You probably have a personal secretary. And it’s still only 1% of a billion.
After 100 years, you would have $100,000,000 dollars. You can talk to A list celebrities and sports stars. You probably have a yacht and multiple large homes. You have multiple staff to manage your day to day life. Now you’re at 10% of a billion.
After 500 years, you would have $500,000,000. You’re richer than most people. And your only at 1/2 a billion.
After 1,000 years you finally have a billion dollars.
Some people have multiple billions of dollars. Billionaires should not exist.
2. The law of the passage of quantitative changes into qualitative changes
It’s helpful to think of billionaires not as individuals but as enterprises. A billionaire consists of a whole ecosystem that extends far beyond the individual. A network of mandarins, sycophants, and other functionaries, drawn to, supported by, and answerable to the billionaire’s capital.
Ok. But how rich are billionaires put in a guillotine?