▲ 960 ▼ Which CEOs are actually worth keeping around? (i.imgur.com) submitted 2 years ago by TehBamski@lemmy.world to c/microblogmemes@lemmy.world 412 comments fedilink hide all child comments
[–] ironhydroxide@sh.itjust.works 41 points 2 years ago (3 children) Nobody becomes a billionaire by being "a bit greedy" One billion dollars is an insane amount of money. permalink fedilink source parent hideshow 6 child comments replies: [–] MonkeyBusiness@sh.itjust.works 12 points 2 years ago Reminder, 1 billion dollars is: 1,000 millions 1 million thousands At the highest minimum wage in the world (Denmark @ USD$44,252/year), it would take just under 22,598 years to earn (11.2 Jesuses-ago) If a Dane earning min wage were to work 24 hrs/day non-stop, it would take them just under 4,977 years to earn (2.46 Jesuses-ago). Billionaires have all that money even after their expenses. It's their "savings account", but their savings account makes much more interest than ours because they are actually invested in the market. If they need money beyond their regular pay, they use their investments as collateral for loans with interest rates lower than investment returns. They're making money even if they are spending it. permalink fedilink source parent [–] Aux@sh.itjust.works -3 points 2 years ago (1 child) Wealth is not money. permalink fedilink source parent hideshow 2 child comments replies: [–] howrar@lemmy.ca 6 points 2 years ago Point being? permalink fedilink source parent [+] sunzu2@thebrainbin.org -12 points 2 years ago* (last edited 10 months ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] OneOrTheOtherDontAskMe@lemmy.world 19 points 2 years ago A billion dollars is never "a bit greedy". It is always a failure of the system to regulated exorbitant wealth through effective taxation and fair market economic policy. permalink fedilink source parent
[–] MonkeyBusiness@sh.itjust.works 12 points 2 years ago Reminder, 1 billion dollars is: 1,000 millions 1 million thousands At the highest minimum wage in the world (Denmark @ USD$44,252/year), it would take just under 22,598 years to earn (11.2 Jesuses-ago) If a Dane earning min wage were to work 24 hrs/day non-stop, it would take them just under 4,977 years to earn (2.46 Jesuses-ago). Billionaires have all that money even after their expenses. It's their "savings account", but their savings account makes much more interest than ours because they are actually invested in the market. If they need money beyond their regular pay, they use their investments as collateral for loans with interest rates lower than investment returns. They're making money even if they are spending it. permalink fedilink source parent
[–] Aux@sh.itjust.works -3 points 2 years ago (1 child) Wealth is not money. permalink fedilink source parent hideshow 2 child comments replies: [–] howrar@lemmy.ca 6 points 2 years ago Point being? permalink fedilink source parent
[+] sunzu2@thebrainbin.org -12 points 2 years ago* (last edited 10 months ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] OneOrTheOtherDontAskMe@lemmy.world 19 points 2 years ago A billion dollars is never "a bit greedy". It is always a failure of the system to regulated exorbitant wealth through effective taxation and fair market economic policy. permalink fedilink source parent
[–] OneOrTheOtherDontAskMe@lemmy.world 19 points 2 years ago A billion dollars is never "a bit greedy". It is always a failure of the system to regulated exorbitant wealth through effective taxation and fair market economic policy. permalink fedilink source parent
