this post was submitted on 26 Sep 2023
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Work Reform

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[–] AllonzeeLV 143 points 1 year ago* (last edited 1 year ago) (6 children)

Just for context, if you made 100k a year, an extremely enviable salary, and saved every penny somehow, you'd be a billionaire in exactly TEN THOUSAND YEARS.

No one can earn a billion dollars through honest labor and the sweat of their brow. It must be exploited out of others. It must be stolen. You cannot possess a billion dollars and be a decent human being. For any good you do, you can't approach the harm you've already inflicted upon others in the name of insatiable greed.

Oh I'm sorry, they've used their wealth to warp the culture and language to their benefit, so greed doesn't exist anymore. I meant "rational self-interest." also we have always been at war with Eurasia.

[–] [email protected] 36 points 1 year ago

I work 7 days a week and my wife works full time to get that $100k/year and it took us years to get where we are in our careers. $1million in assets is still so far away. It's such an incredible amount of money and Zuckerberg and friends have thousands of times that much money. It's just so crazy to think about.

[–] Nobody 6 points 1 year ago

They've been getting away with it for centuries. Would you like to know more?

[–] [email protected] 6 points 1 year ago

100k isn’t that much in many regions these days. Its enough to get by but hardly enough to save to buy a house in the Seattle region.

[–] [email protected] 0 points 1 year ago (1 children)

You forget the impact of compound interest. If you invested 1 dollar at 1% interest, you would have a billion dollars in just over 2000 years. So these comparisons based on income are not useful.

[–] dangblingus 4 points 1 year ago (1 children)

If you invested money at 1% interest, you would lose money due to inflation.

[–] [email protected] 0 points 1 year ago

Real interest, after inflation.