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submitted 9 months ago by Aboel3z@programming.dev to c/economics@lemmy.ml
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[-] velox_vulnus@lemmy.ml 24 points 9 months ago* (last edited 9 months ago)

Not an economist, but a lousy CS grad, so my rambling may be incorrect. But honestly, I have no words for your genius. More specifically, the lack of it.

  • you ignored inflation around the 1970s
  • you did not take into account the cost of living
  • you also conveniently ignored the lifestyle choices

Inflation has caused the cumulative price increase of 488.65% in the US from 1975 to 2023-almost-2024. $200,000 in 1975 is around $1,177,295.17 in today's time.

$20 million is just an exaggeration for the light-hearted joke @snekerpimp@lemmy.world made, it's not that deep.

Source: Inflation calculator

this post was submitted on 27 Dec 2023
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