558
Self made billionaires
(lemmygrad.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Sep 2023
558 points (96.0% liked)
Memes
45656 readers
714 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
that's still doing better than a lot of people tbh.
It's still a long way off being a millionaire or billionaire.
It's pretty impressive someone can make that much money in a lifetime.
You know what the difference is between a million and a billion? Roughly a billion.
By which I mean that grouping millionaires and billionaires together is downright detrimental to understanding wealth inequality and supports the kind of right wing narratives that keep the ultra-rich from being taxed fairly.
It's really not, mainly for two reasons
1: beyond a certain point (which is LONG before a $1b, probably before $100m), you have more than you could possibly spend even when living lavishly and are just hoarding money that could have a life-changing or even life-SAVING impact on less fortunate people.
2: it's impossible to get anywhere near that point without a SHITLOAD of luck, exploitation of others or both. Usually both.