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But who is going to want to work hard if they could only ever possibly earn a billion dollars? /s Edit: Added an obviously needed sarcasm tag.
by SketchySeaBeast 2y ago
But who is going to want to work hard if they could only ever possibly earn a billion dollars? /s
Edit: Added an obviously needed sarcasm tag.
- lenerdenator 2y agoEh, I think that covers most of the population. Obviously, there are exceptions: people with severe psychopathy, for example.
- SketchySeaBeast 2y agoSorry, I should have tagged my sarcasm. It should cover every person in the population. A billion dollars is enough money that you and your family for untold generations will never have to work again.
- roughly 2y agoTo put some math on that - assuming a market rate of return of ~7% and an inflation rate of, hell, we’ll call it 4%, that’s $30M/yr inflation adjusted forever. You invest $30M at the same rates, and it generates $900k/yr inflation adjusted forever. That’s the combined income of 10 median families, give or take - which means a billion dollar fortune throws off enough money to comfortably support 10 families per year forever, forever.
- 52-6F-62 2y agoWhat do you really need beyond that? Just double what you already have?
- SketchySeaBeast 2y agoYou don't need anything beyond that. At that point you're basically just keeping score. There is no need and few wants that would be beyond your grasp.