Billionaire is a pathology as far as I'm concerned.
this post was submitted on 21 Jan 2025
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Billionaires should not exist
But I do think there is at least one who did more good than harm and maybe a handful who have made mistakes but are doing better in the present.
Billionaires shouldn't exist.
Soon to be trillionaires…
ABAB
All Billionaires Are Bastards
Millionaires too
You can easily burn through a million in ten years of medical care with certain conditions (certainly in the US). Yes that needs to be fixed, but people with a million dollars for their retirement after working 50 years, they are not the problem with society.
They are definitely a problem.
How exactly is someone a problem if they worked for 50 years and managed to save around 1 million in that time?
I like to think there may be, and could be... But I have never seen a great example.
Fill in the blanks:
A ______ billionaire is a good billionaire.
A million seconds is 11.5 days. A billion seconds is 31.7 years.
Just a good way to ground an unimaginable number in something more familiar and drive home how ridiculous having a billion dollars is. I hear we're on track for our first batch of trillionaires this decade.
A trillion seconds is 31,688 years.
I hear we’re on track for our first batch of trillionaires this decade.
Unless we do something about the wealth, this is kinda expected eventually. Give it another decade after that and it would be wholly expected to have our first multi trillionaire, and honestly they wouldn't even need to do anything to make that happen, they'd just need to invest in a board market ETF.
I'm not saying this is good, but this was inevitable due to how the markets and inflation work.
Edit: Also it will probably happen sooner than anyone realizes when you take into account private unmeasurable wealth like Saudi royalty.
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