this post was submitted on 28 Oct 2024
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Today I Learned (TIL)
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There are no innocent millionaires. The threshold of wealth that requires some seriously unethical behaviour is pretty low.
What do you count as innocent? Like doesn't use products made in factories with human rights violations? I'm never gonna hit a million, but economists are saying we all need to have a Mil or three in order to retire? I know a couple million airs who seem like normal people, they're just business owners?
I mean there is no way to goss a million a year without directly and knowingly exploiting people on a daily basis.
Millionaire refers to total wealth or cash on hand, not annual salary. Someone making $1M a year is probably worth $100M+ if they own stocks and may be well on their way to billionaire.
You definitely can not become a millionaire on YOUR hard work. It takes the hard work of other people working for you. And unless you over charging for their work or under paying them for their work, you aren't going to be making millions.
I disagree, since the Internet allows indie studios for things like music and games to reach a massive audience. Selling your indie game that you made with your friends for $20 to 300k people makes you a millionaire without exploiting anyone. As long as you can avoid publishers leeching most of that away... Plenty of people also have become millionaires just by selling their house and moving somewhere cheaper.
I made millions by buying bitcoin years ago. Who did I exploit?
You could say others who bought in later than you, but regardless I wouldn't really classify that as "hard work".
You need to be a millionaire to comfortably retire so...
nah million USD isn't as much money as it used to be. That's a house and couple of cars in more expensive countries. Though, personally 1 million USD net worth would be more than enough for me and my family.