this post was submitted on 15 Dec 2023
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While I don't think it's true, I could accept the idea that it were possible to make that much money ethically. However, having that much and not doing good with it? To me that's the bigger evil. Billionaires should be extincting themselves.
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.
You’re really close to $1B. I’m not actually sure what is thought provoking about this.
I also don’t know why it doesn’t show that a billionaire hasn’t earned their money. If Taylor Swift gets 10 million people to pay her $150 to go to her concerts in her life time, and her expenses are $50 per show, is she not a billionaire that earned $1B?
10 million tickets is only 400 shows if she’s filling 25k seat arenas.
None of this is actual math, but it’s not insane to me that someone could earn a billion dollars.
What is insane is that someone would sit on a billion dollars like a dragon on their pile of gold.