I thought we hated all billionaires. When we eat the rich, will he be spared?
I would… Just wondering what the rest of ya’ll think. There are some pretty hardcore folks on lemmy who would guillotine anyone with even $1M net worth.
I know a lot of folk that are among the 1% in my country (Poland). I used to be there either, but then the bracket went higher and I lost my income. It’s actually not that hard to get there and most of people thete are aware that they are just a glorified middle class, not the nobility. I’m talking about the people earning 3-4x the median, as it is enough to get you to the 1%.
I say, let them aspire for their supercars, just never allow them to possess a wealth vast enough they could militarize it.
I’d put another zero or 2 on there for what’s earnable with hard work and smart decisions. A million these days is like upper middle class. It’s a nice, but fairly normal, house in most parts of the country and a good start on a retirement fund. Point is still valid though.
Speaking from Norway: I can agree that order-of-magnitude 10 million USD is earnable in a lifetime. A wage of 100 k USD / yr isn’t absurdly high, and after 45 years that brings you to 4.5 million. So getting to like 10-30 million in a lifetime is still within what I would consider reasonably possible. At 100 mill. it’s getting pretty absurd though.
You just forgot one teeny-tiny thing right there, called taxes. If you have a job paying you 100k a year, that’s not the amount that gets transferred to your bank account. In fact, in high-tax countries you prolly only see like half of that.
And also don’t forget rent and food and stuff like that, which reduces the amount of money you can actually spend on stuff you want even further. So yeah, considering all of that it will be difficult to even achieve a million bucks.
I thought we hated all billionaires. When we eat the rich, will he be spared?
I would… Just wondering what the rest of ya’ll think. There are some pretty hardcore folks on lemmy who would guillotine anyone with even $1M net worth.
Steve Wozniak’s net worth is like 10 million. That’s far from a billionaire
I know a lot of folk that are among the 1% in my country (Poland). I used to be there either, but then the bracket went higher and I lost my income. It’s actually not that hard to get there and most of people thete are aware that they are just a glorified middle class, not the nobility. I’m talking about the people earning 3-4x the median, as it is enough to get you to the 1%.
I say, let them aspire for their supercars, just never allow them to possess a wealth vast enough they could militarize it.
Yeah, if we’ve gotta have capitalism at least turn down the volume a bit.
He’s not a billionaire (net worth 140 million) and donates a significant portion of his wealth to worthy causes. Of course we spare The Woz.
A million is earnable through hard work and smart decisions through one’s lifetime, a billion is absolutely not.
I’d put another zero or 2 on there for what’s earnable with hard work and smart decisions. A million these days is like upper middle class. It’s a nice, but fairly normal, house in most parts of the country and a good start on a retirement fund. Point is still valid though.
I think some luck plays into this too, and I think a good person recognizes this.
Yeah maybe in California where the Cost of Living is abnormally high compared to the rest of the US and the rest of western countries.
Speaking from Norway: I can agree that order-of-magnitude 10 million USD is earnable in a lifetime. A wage of 100 k USD / yr isn’t absurdly high, and after 45 years that brings you to 4.5 million. So getting to like 10-30 million in a lifetime is still within what I would consider reasonably possible. At 100 mill. it’s getting pretty absurd though.
You just forgot one teeny-tiny thing right there, called taxes. If you have a job paying you 100k a year, that’s not the amount that gets transferred to your bank account. In fact, in high-tax countries you prolly only see like half of that. And also don’t forget rent and food and stuff like that, which reduces the amount of money you can actually spend on stuff you want even further. So yeah, considering all of that it will be difficult to even achieve a million bucks.