ShowerThoughts

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Sometimes we have those little epiphanies in the shower.. sometimes they come from other places. This is a home for those epiphanies.

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In a hundred years or so we'll be explaining that it's okay to be a billionaire (lemmy.nz)

submitted 6 months ago by [email protected] to c/[email protected]

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In a hundred and twenty or thirty years or something, the dollar will have inflated by 1000 times, so a billion dollars then will be equal to a million dollars now. It'll cost a billion dollars for a nice four bedroom house.

But we'll have had a hundred more years to produce anti billionaire propaganda, so a lot of people, especially teenagers, will need it explained to them that being a billionaire isn't so bad now. The Marxist-Leninists will all be saying that Cyborg Bernie Sanders is an evil billionaire, and us reasonable leftists will be explaining that a billion dollars is just what it costs these days to own a residence in your home state and also in DC, which is necessary for working as a senator.

What we'll really need to look out for by then is the trillionaires. Good for nothing parasites. There's no excuse for one person to own a trillion dollars while there are people living on the streets who can't even afford a measly ten thousand dollars for a cheeseburger meal.

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[–] [email protected] 1 points 6 months ago

Rookie numbers, I was once a trillionaire, it was awful and probably the worst time in my life.

[–] [email protected] 0 points 6 months ago (1 children)

So inflation is 3-8% every year, so the equivalent of 1m today will be 19m-2.1b in 100 years

Since the target is 2-3% it's perhaps more likely to be 19m

Really shows how dumb saving for retirement is for the plebians

[–] [email protected] 1 points 6 months ago* (last edited 6 months ago)

Only if you don't invest. Hell, if you only want to slightly beat inflation there's a guaranteed way in the US, TIPS and I-bonds. Does assume the government hasn't collapsed, but that kinda applies to all retirement plans.