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Billionaires, evidently. Why else would they deserve a million times what you make in your entire lifetime, weren't for the fact they're a million times more pr
by alexgieg 2mo ago
Billionaires, evidently. Why else would they deserve a million times what you make in your entire lifetime, weren't for the fact they're a million times more productive than you? In fact, if one were to die tomorrow that'd be like the loss to the world of a million of you, whereas were you to do the same, that'd be a loss of only one of you. This is also why you can be downsized without that impacting anything important, while downsizing a single billionaire would be a global tragedy.
Or at least, that's the logical consequence of that line of reasoning. If that's incorrect, where's the error in the reasoning?
- kbelder 2mo agoA billionaire makes more like a thousand times what a normal working stiff makes in a lifetime, not a million times.
- alexgieg 2mo agoDepends on what's being compared. Being a billionaire is understood as having a net worth of $1 bi, so we ought to compare the net worth of the median someone at retirement. If that someone are Americans, that's $200k, so 5k times. If it's the world at large, that's roughly $10k,so 100k times. If we consider the billionaires at the top of the ladder, it surpasses 1M times.