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Enough IS enough (lemmy.world)

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[-] WoahWoah@lemmy.world 26 points 9 months ago* (last edited 9 months ago)

A millionaire and a billionaire? That's a huge difference. At this point, if someone is 55 and wants to retire at 68 and not be 70 and working at Walmart, they're going to need to be a "multi-"millionaire.

Idk, I'm much younger, and my retirement plan is the same as everyone else my age: walk into the woods when I'm ready or die in the water wars later when I'm not.

But I still feel bad for the elderly forced to work because a retirement home with medical support, i.e. assisted living, is too expensive and your kids can't help you because they're barely surviving too, and that's while working, and you can barely work, but assisted living is 4-12k/month, so you work and hope you die before you become a burden on your children and grandchildren.

Anyway. The difference between a millionaire and a billionaire is vast. One million seconds ago was last week.

One billion seconds ago was fucking 1991.

[-] Pogbom@lemmy.world 17 points 9 months ago

What's the difference between a million and a billion? About a billion.

[-] anarchy79@lemmy.world 3 points 9 months ago

The people you hang out with.

[-] anarchy79@lemmy.world 2 points 9 months ago

It's like comparing an 8.0 earthquake to a 9.0 earthquake. Millionaire, billionaire, that's the difference between

1945 8.1 British India, Makran Coast 15.0 X Between 300 and 4,000 people were killed. 1945 Balochistan earthquake November 28

and

2004 9.1 Indonesia, Sumatra offshore 30.0 IX This is the third largest earthquake in the world since 1900 and is the largest since the 1964 Alaska earthquake. In total, at least 227,898 people were killed, many more injured and 1,126,900 were displaced by the earthquake and subsequent tsunami in 14 countries in South Asia and East Africa. 2004 Indian Ocean earthquake December 26

and that's log 20, a lower order of magnitude than from a million to a billion

this makes sense right? Someone tell me this makes sense

[-] HerbalGamer@sh.itjust.works 1 points 9 months ago

I think they mean it's a 8.0 earthquake and a 80.0 earthquake.

[-] wellbuddyweek@lemm.ee 3 points 9 months ago

No the richter scale is logarithmic. Adding one point actually multiplies the intensity by 10. (Well, roughly in this case, but it's a lot closer to 9 than to 80)

https://en.m.wikipedia.org/wiki/Richter_scale

[-] novibe@lemmy.ml 3 points 9 months ago* (last edited 9 months ago)

But 1 million times 10 is… 10 million. You have to multiply it by 1000 to get 1 billion. It’s the difference between an 8 and an 11 on the Richter scale then, no?

[-] wellbuddyweek@lemm.ee 1 points 9 months ago

Yes.. yes, you are right. Woops

[-] novibe@lemmy.ml 1 points 9 months ago

It makes it way more insane doesn’t it? An 11 point earthquake is INSANELY strong.

[-] HerbalGamer@sh.itjust.works 0 points 9 months ago

so imagine adding 72 points

[-] anarchy79@lemmy.world 2 points 9 months ago

THAT'S SO MUCH WORSE!

[-] menemen@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

It says "multi-millionaire". I guess they don't mean the successful craftsman or engineer with his own crew who has a total wealth of 1 or 2 millions, but people in the 100+ million dollar range. That's at least how I understood it.

[-] laughingsquirrel@discuss.tchncs.de 1 points 9 months ago

Imho, a good visualisation for the difference between a million and a billion is in this Tom Scott video: https://www.youtube.com/watch?v=8YUWDrLazCg

[-] mamotromico@lemmy.ml 1 points 9 months ago

Tbf when people say “multi-millionaire” they are often referring to people with over 100 million, not 2 or 3 or 5

this post was submitted on 23 Jan 2024
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