[go: up one dir, main page]

  • Steve@communick.news
    link
    fedilink
    English
    arrow-up
    11
    ·
    4 hours ago

    Maybe if you saved it all in cash. But who does that?
    If you invested the first $100k and earned a very modest 4%/year. After 2000 years you’d have $1,165,946,431,999,999,965,770,988,108,697,149,898,752

    • 1dalm@lemmy.today
      link
      fedilink
      English
      arrow-up
      14
      arrow-down
      1
      ·
      4 hours ago

      This is my go to evidence that the whole beliefs that real estate values always increase is absurd.

      If real estate prices always increase, even modestly, then an apartment in Rome or Paris would cost hundreds of trillions of dollars. Obviously that’s not the case, and since land speculation isn’t exactly a new thing, there is a correction somewhere.

  • krisevol@lemmy.zip
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    2
    ·
    3 hours ago

    This isn’t true, because billionaires don’t have a billion dollars.

  • DarkCloud@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    1
    ·
    4 hours ago

    But with all that money, why would you care whose ahead and behind you… And do they care about that, or is that just a narrative we’ve bought into, something to make us feel a certain way about the wealthy being unpleasant?

    • SparroHawc@piefed.world
      link
      fedilink
      English
      arrow-up
      10
      ·
      3 hours ago

      It’s not a question of who’s in front of or behind you. It’s realizing that even if you received a ludicrous amount of money, repeatedly, over a ludicrous amount of time, it still wouldn’t even scratch the utter lunacy that is the wealth of the ultra-rich. There is no way to earn that amount of wealth, in the sense of how you and I earn money. They acquired it by taking unjustly; there is no just way to become that wealthy.