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[-] state_electrician@discuss.tchncs.de 14 points 1 year ago* (last edited 1 year ago)

Nobody earns a billion dollars. Imagine it's October 12, 1492. One of your ancestors is so excited about Columbus landing in America, that he starts putting aside the equivalent of 5000 dollars every single day. And through good fortune, every heir continues to do the same. 5000 dollars added to a pile every single day for over 530 years. 5000 dollars is more than most people make in a month and it accrues every. single. day. There is no interest on the money, but at the same time there are no taxes and nobody spends it on frivolous stuff like food or shelter or education or healthcare. And now, after more than 531 years you inherit it all and realize you're not a billionaire. I know it's an unrealistic thought experiment, but to me it shows that no billionaire ever earned their money.

this post was submitted on 15 Dec 2023
636 points (92.6% liked)

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