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Your point is very valid.
But even just one billion is more than a whole family could spend in multiple lifetimes!
The difference between a million and a billion dollars is basically a billion dollars, while at the same time a million dollars is more wealth than a VERY large majority of Americans will ever see.
And doesn’t even buy a house in many places.
See how none of this makes sense anymore? The balance is ruined when cent I centimillionaires and billionaires exist. I'd even say nobody needs to be a millionaire in a sane world.
For your whole life, $1m is cutting it close — I think for the entirety of a good life in a country like the US or Western Europe, $10m is plentiful. $10m for your whole life, with current cost of living. Anything beyond that should be taxed to oblivion.
The difference between me and a millionaire is about a million dollars and I haven't died. A little destitute yeah.
Same. I was only pointing out that over a human lifetime, it adds up: a total of $1m would be equivalent to living 80 years (rough average lifespan) on $12.5k a year. It's not a lot.
Yeah thats not what I meant by millionaire at all. Thats not even a net worth.
Oh, I see. Yeah, a net worth that's perpetually in the millions is insane. You could basically live off the interest at that amount and not even need to touch the original money. It's crazy and frankly should be illegal.
Yes, exactly that. All these rich bitches complaining about nobody wanting to work literally dont work. They go wherever their interests take them that week and spew platitudes about work ethics and money movement.