this post was submitted on 25 Oct 2024
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[–] Annoyed_Crabby@monyet.cc -3 points 6 days ago (4 children)

Huh. Based on this online calculator(https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator), if i earn £5000 everyday in 1493(Cuntopher Columbus start his slave trading voyage in 1492 i think), i would have £1,825,000, which in today money is roughly £1,813,589,780.47, that's just for a single year.

Kinda made me the richest immortal in the world.

[–] disrupted@lemmy.world 23 points 6 days ago (1 children)

that is obviously just an analogy for the huge time span. $5000/day meaning at the current value

[–] OmegaMouse@pawb.social 14 points 6 days ago* (last edited 6 days ago) (1 children)

Yes, under those conditions you'd have about $969 million: 531 years since 1493. $5000 x 365 = $1825000 per year x 531 = $969,075,000

According to this article Jeff Bezos makes $595,728,000 a week (holy shit), so even if you were Methuselah earning $5000 a day, he'd still have more money than you after two weeks 😱

[–] termain@programming.dev 5 points 6 days ago

As in Jeff Bezos's assetts appreciate at 600M a day. To reiterate the OP's point.

That is a dangerous amount of power concentration.

[–] Tramdan@sh.itjust.works 12 points 6 days ago

If you're going to adjust the final amount for inflation then you need to adjust the £5000 for inflation so in 1493 you would only be earning £6 per day.

[–] KazuchijouNo@lemy.lol 7 points 6 days ago

I don't think the original poster meant you to 'adjust for inflation'. Good thinking tho!

[–] jaybone@lemmy.world 2 points 6 days ago (1 children)
[–] GetOffMyLan@programming.dev 5 points 6 days ago (1 children)
[–] AnUnusualRelic@lemmy.world 1 points 6 days ago (2 children)
[–] GetOffMyLan@programming.dev 3 points 6 days ago

I'm sure it was very common. But that's whataboutism and it's definitely worth noting.

[–] iii@mander.xyz 1 points 6 days ago

Slaves didn't own slaves