• Fedizen@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    Dollars have only been around like 200 years. Assuming they’ll be around in 200 years is maybe a bit of a farce. This goes triple for things like bitcoin that have even higher overhead costs.

  • GalacticSushi@piefed.blahaj.zone
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    If you were born in the year 1AD and made $1,000,000 every day without ever spending a penny, you would still be hundreds of billions short of a trillion.

    • JustARegularNerd@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      0
      ·
      3 months ago

      I had to see the disparity myself on this.

      1 trillion = 1,000,000,000,000

      365x2,025 = 739,125 days

      739,125 x 1,000,000 = 739,125,000,000

      Yes, the math works out that you’d only be ~73.9% of the way there at that rate.

  • arctanthrope@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    say you have 100 million dollars. you invest it very safely and conservatively and get a return of 5% per year. you now have a permanent income of 5 million a year, without doing anything to maintain it. 5 million a year is $13,700 per day.

    if I were forced to try to spend on average $13,700 a day, I don’t know how I would do it without just giving most of it away. even after I’d satisfied my wildest fantasies there would be so much left over. to have that level of wealth and continue trying to get more should be treated as a mental illness

    and that’s only 1% of 1%, i.e. one 10,000th, of a trillion dollars

    • ironycanal@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      0
      ·
      3 months ago

      Stop thinking about the numbers. Think about what money functionally is.

      Money, once you’re rich enough to get/give serious loans not having to do with your immediate needs (food, shelter, etc), is planning points. Its voting shares in how we organize the world. Explicitly, by design, our production and use of resources. Implicitly, and more recently in some places explicitly, our culture.

      Do you want a system in which this man has that? Do you want a system in which a mentally I’ll ketamine addicted Nazi with an IQ that wouldn’t crack room temp in Celsius could ever be given such an outsized say in how the world works?

      Do you think the next hundred richest assholes are better?

      Do you think this is worth the promise, already broken, that if you work hard and save youll be able to sleep inside and have an otherwise nice life?

      The promise that there will be men with guns to protect whatever table scraps you’ve managed to snap up from less able scavengers who might envy your station in life?

      Do you think any part of these systems, this market fetishism, is rational, or has connection with reality? Is there a single place ‘market’ solutions have been applied that didn’t make everything it touched shitty, surreal, or both?

      Vite blue no matter who, or this happens again.

      • SalmiakDragon@feddit.nu
        link
        fedilink
        English
        arrow-up
        0
        ·
        3 months ago

        I do agreed with your point, but I find your rhetoric a bit perplexing. If you want to invoke rationalism, maybe don’t prelude that with egregious exaggerations like ‘room temperature in Celsius IQ’ (20-25)? Also, all of that working up just to land on “Vote blue no matter who” - which basically amounts to harm reduction - and then acting like that’ll solve the problem? You argue like a revolutionary just to advocate for the most moderate action. Or did I miss the part where the Democrats are committed to actually quitting, or at least substantially reigning in, capitalism? Or even stopping people from being trillionaires?

    • Dasus@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      3 months ago

      if I were forced to try to spend on average $13,700 a day, I don’t know how I would do it without just g

      We don’t know how to do it, because we haven’t seen the shit that rich people get up to and what they pay.

      Sleep in a four seasons suite and drink fancy wine and I think that’s pretty much it.

      Still even I would probably be able to save money if I got 14k a day. Eat the rich.

    • adarza@piefed.ca
      link
      fedilink
      English
      arrow-up
      0
      ·
      3 months ago

      the investment returns on just $10 million would give you at least $250 thousand every year indefinitely (and adjusted upward a bit for inflation every year).

    • workerONE@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      3 months ago

      What are you going to invest 100 mil in that is ethical and returns 5%? Seems like this is a discussion about wealth inequality. Investing in the stock market doesn’t improve human conditions.

    • merc@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      0
      ·
      3 months ago

      If you do that calculation with $1 trillion, that’s $50 billion in spending money per year, or $137 million per day, $5.7m per hour, $95,000 per minute, $1,600 per second.

      If you accumulated $1m per minute, or $60m per hour, guess how long it would take to reach $1 trillion? Well, $60m/hour is $1.44 billion per day, $10 billion per week, so it would be about 100 weeks or 2 full years before you hit $1 trillion. And that’s assuming no investments, nothing but taking the money and throwing the cash into a vault.

      $1m per minute, and it’s still 2 years before you get $1 trillion.

    • Monster96@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      edit-2
      3 months ago

      A while ago, I got a green party hat in Runescape that I sold in the marketplace for around 930 million gold. After I got all the gear I needed, I still had around 930 million. I didn’t know what to do with it, so what I ended up doing was going around to random players, especially newer, lower level players, and I was handing out 5-20 million stacks to them. I did this to probably about 100 or so players and I still have 400 million. I don’t know what to do with it.

        • Liana@lemmy.world
          link
          fedilink
          English
          arrow-up
          0
          ·
          3 months ago

          The partyhats were a limited time item available through the consumption of “Christmas Crackers”, which you had to open with another player. They were only available for one season way back, and were tradeable. Because they could be traded to other players, and because they were limited, they shot up in price, and their cost only grew as inflation occurred.

          I had the goal once of gaining enough gold to purchase the cheapest color (purple, coincidentally my favorite), and by the time I had enough gold, the price had risen by 100x what I had saved.

          The company has made a point to not allow any limited-time items to be tradeable since.

  • TachyonTele@piefed.social
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    Modern civilization is not 10k years old. Modern means from around the french revolution up thru the 1900s.

    But i get thier point. And i agree.

  • khannie@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    I did the maths on this recently in anticipation of this horrible event.

    If you were the first human ever born, about 300,000 years ago, and you saved $10,000 a day without ever spending a penny, you would only recently have crossed the 1,000,000,000,000 mark.

    Also there really should be an emoji for the guillotine.

  • TheReturnOfPEB@reddthat.com
    link
    fedilink
    English
    arrow-up
    0
    ·
    edit-2
    3 months ago

    What does modern human civilization even mean ?

    Humans have a history long enough to have been almost wiped off the planet excepting a few thousand of us and came back with 8 billion plus strong.

    Crassus was the wealthiest Roman during the age of Caesar but who the fuck cares about Crassus ?

    NO ONE GIVES A SHIT ABOUT CRASSUS.

    Empires make the eventual “wealthiest person in history” over and over again. These calculations happen over and over again. I’m tired of clowning the current King of Fools. Daenerys was right. Break the fucking wheel, burn the broken wheel, because the ending of this series is gonna be a disappointment and suck, too.

  • nonentity@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

    Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

  • merc@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    Athletes are among the people who earn the highest salaries based on their abilities and talents. The top athletes earn more than the top Hollywood stars. The English Premier League has the highest total wage bill of any futbol / soccer league on the planet. Paying Manchester City’s wage bill costs £300m per year, the club with the lowest wage bill was Burnley at only £70m/year. Sum up every team and you get £2.7 billion per year, or $3.6 billion. That’s less than 1% of $1 trillion. If you took $1 trillion in cash and set it aside, never adding anything to it, you could page the wages of all those clubs for centuries.

  • phx@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    “modern human civilization” is also a pretty big range. Electricity alone is a rounding error in terms of how long we’ve been around.

  • ElectricVocalist@jlai.lu
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    Fortunately economies and currencies only last 200 years median so you wouldn’t statistically be able to retain all of it over that time period. But yes, that wasn’t the point

  • baner@lemmy.zip
    link
    fedilink
    English
    arrow-up
    0
    ·
    3 months ago

    So… Are you saying that those children should have to live with only one million dollars a year? Poor kids.