.@AOC is right.
There are 5 ways to accumulate a billion dollars in America:
1) Profiting from a monopoly
2) Insider-trading
3) Political payoffs
4) Fraud
5) Inheritance
None of these are earned or have anything to do with being successful in the supposed free market.https://twitter.com/Kanew/status/1219406717726994432 …
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Exponential growth is extraordinarily powerful. One could start a successful business, sell it at 30 for $10M, and invest it making an 8% return for 60 years to become a billionaire.
- Još 4 druga odgovora
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“If everyone sat on their wealth piled up in $100 bills, most people would be sitting on the floor, a middle-class person from a rich country would be the height of a chair, and the world’s two richest men would be sitting in space.” Anand Giridharadas 2019
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But wouldn't that solve your problem as the world's two richest men immediately asphyxiated in the vacuum of space? Or is he advocating the death penalty for billionaires here?
- Još 4 druga odgovora
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That's not a statistic, it's simple math done by people who slept when the teacher covered exponentiation
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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It's not a statistic
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Only if you knew about incremental investments.
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Wealth isnt linear man
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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One word for you: compounding.
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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From an economic perspective, based on theories, and good ole ceterus parabis, being a billionaire should not be possible as the marginal utility of income beyond $150,000 a year provides no additional happiness nor is it effective enough to create demand pull growth.
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Čini se da učitavanje traje već neko vrijeme.
Twitter je možda preopterećen ili ima kratkotrajnih poteškoća u radu. Pokušajte ponovno ili potražite dodatne informacije u odjeljku Status Twittera.
on Democratic socialist 