this post was submitted on 11 Nov 2023
1132 points (97.2% liked)

Work Reform

10143 readers
1250 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 29 points 1 year ago (4 children)

At a modest average annual dividend yield of 4%, $1 million in investments will generate $40,000 in income. $1 billion will generate $40,000,000.

[–] kryptonianCodeMonkey 24 points 1 year ago

For real. Once you are a billionaire, with even the most basic investments, you have to try REAL hard to become broke again. Spare money begets money. Spare dragon hoards begets dragon hoards. Any bitch baby billionaire whining about taxes can kiss every single asshole of single working parents, people struggling to cover student loan debts, people who perpetually rent because they can't afford a home with a lower mortgage payment than there rent is, and every person who got ill and lost there job and home as a result. They don't need more dragon hoards. They'll be just fine.

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

Hot damn that is a good way to contextualize it.

[–] [email protected] 5 points 1 year ago

This is the best way to explain it I've seen. Tell me those billionaires are struggling 🙄

[–] i_simp_4_tedcruz 1 points 1 year ago

That's how multiplication by 1000 works