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Self made billionaires (lemmygrad.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] Viking_Hippie 7 points 1 year ago

millionaire or billionaire

You know what the difference is between a million and a billion? Roughly a billion.

By which I mean that grouping millionaires and billionaires together is downright detrimental to understanding wealth inequality and supports the kind of right wing narratives that keep the ultra-rich from being taxed fairly.

It's pretty impressive someone can make that much money in a lifetime.

It's really not, mainly for two reasons

1: beyond a certain point (which is LONG before a $1b, probably before $100m), you have more than you could possibly spend even when living lavishly and are just hoarding money that could have a life-changing or even life-SAVING impact on less fortunate people.

2: it's impossible to get anywhere near that point without a SHITLOAD of luck, exploitation of others or both. Usually both.