The difference between a million dollars and a billion dollars is about a billion dollars.
To a billionaire, a mere millionaire is as much a pauper as any homeless person. When the Psychopathic Oligarchs demand a reduction in population, being a millionaire won’t save them.
In fact, the Psychopathic Oligarch’s Capital Hoarding OCD will kick in even bigger over a millionaire, because he actually has the money that they covet so badly. The rest are just drains on society, but a millionaire has something that the mentally-ill financial hoarders actually want - more wealth.
It will be for different reasons, but they’re going to kill the millionaires, too.
Yeah a billionaire buys a million dollar house as easily as a millionaire buys an expensive TV or pretty good gaming pc as easily as a person with only a thousand dollars buys a cheap soda
While that is absolutely true, the millionaire still has the biggest things in common with a billionaire. They will never have to worry about a lack of money. They will never have to choose between clothes or food. And they will never be forced to keep a job, because without it they will literally die due to lack of medical insurance.
The millionaire isn’t your friend either, they’re just a wannebe billionaire.
Boohoo the millionaire can’t afford all the luxuries they want. How will they make the payments on their BMW this month, they might have to switch to weekly tennis lessons instead of 3x weekly.
A million is easily enough to live a comfortable life and never work again. If they ‘struggle to make ends meet’ they are bad at budgeting. They are not working class, they do not need to work. Maybe they work because they want to live in a HCOL area and have extra luxuries but anybody with a million dollars worth of assets can stop working any time they feel like it.
Especially any multi-millionaire is distinctly bourgeois.
Of course, afaik almost no billionaire’s money is liquid either, it’s in properties and businesses and shit.
Like I’m sure bezos has plenty liquid, but most of his billions is just a valuation of amazon/aws/whatever other shit he owns.
Like, if we wanted to take all his money we’d have to completely liquidate amazon and aws, and his house etc, selling the assets off to whoever can afford it, it’s not just breaking into his Scrooge McDuck vault full gold coins.
Not that it’s impossible, it just seems that many people don’t realize this and think it is just the Scrooge McDuck vault.
Owning a house in a HCOL area is one of the luxuries I was talking about. Any million dollar asset is a luxury.
There is a fundamental difference between working to survive and working because you don’t want to move out of your NYC brownstone or further from lake como or whatever the fuck.
99.9%. The difference is 999 million, or 0.999 billion.
But also, at that point, less than a tenth of a percent isn’t a significant difference any more. Point is, a million is nothing to a billionaire. Let alone a multi-billionaire. Let alone a double digits billionaire, and it gets worse from there.
I like this one because it helps establish a relative analogy we can all kind of feel and puts things into perspective. We all know what 11 days feels like, and almost all of us know what 33 years feels like. Either because we may have lived it directly or we’ve lived enough of a portion of it to extrapolate that experience.
One trillion seconds is almost 32,000 years. The analogy is broken again as 32K years is already becoming a nonsensical number that none of us can meaningfully interpret. It’s longer than all of recorded human history
under 5millions ish, but once you reach 10s millions in worth, the psycopathy starts to show. hasan probably a poor example, as hes comes from a very wealth turkey family but acts like lefty tankie, but hes really just a resistance grifter, he pretends likes hes poor. but his fans are calling him out he never had an actual job before, the one that wasnt due to nepotism, one given by his uncle cenk ughyr, hes part of the bourgeois.
Many leftist have been those from high class families who had the education and means to make a difference. Guevara and Engels being two examples among many. FDR, though absolutely not anywhere close to a leftist, betrayed his own upper class and championed the new deal.
I am not defending wealth. I am a dyed in the red and black commie, but I do think we should recognize that sometimes it’s actually those with enough material means to make a difference who do so.
BTW. Hasan’s a internet personality who abuses his dog, so… This comment was more about people coming from wealthier families being able to do good things.
The crazy thing is millionaires have more on common with us normal workers than they do with billionaires.
I get what you’re saying, that they are millionaires are closer to being broke than to being a billionaire, but they still have more in common with billionaires than normal workers. Once you reach the mid to high single digit millionaire you can pretty much choose your own adventure.
Lemmy is seriously underestimating the number of comfortable millionaires. Got $1M? You can retire and live modestly. Got $3M? That’s a new way of life, not radical, but much better. Got $10M? You’re well set for whatever happens.
3M invested is a nice retirement, not a new way of life. That’s a barely 6-figure a year payout. Of course, a chunk of a3m networth is likely your house.
In the US, 1 million is not enough to retire comfortably unless you are already retirement age and can collect social security and Medicare. It’s not like you can retire early on 1 million dollars. That doesn’t even buy you a house where I live.
I’m not quite at that level, but I’m getting there. My main concern would be health care. And that my house isn’t fully paid off. And with Trump manipulating the market, idk I get nervous. 2 million might work. But I know 1 million is for sure not enough, at least in the US.
The crazy thing is millionaires have more on common with us normal workers than they do with billionaires.
Hasan Piker was listing all kinds of "a million _____ is _____ but a BILLION ______ is [some ufathomably larger thing].
People don’t understand multiplication very well…
The difference between a million dollars and a billion dollars is about a billion dollars.
To a billionaire, a mere millionaire is as much a pauper as any homeless person. When the Psychopathic Oligarchs demand a reduction in population, being a millionaire won’t save them.
In fact, the Psychopathic Oligarch’s Capital Hoarding OCD will kick in even bigger over a millionaire, because he actually has the money that they covet so badly. The rest are just drains on society, but a millionaire has something that the mentally-ill financial hoarders actually want - more wealth.
It will be for different reasons, but they’re going to kill the millionaires, too.
If you’re a low end millionaire you can buy a nice house.
If you’re a low end billionaire you can buy an entire town of nice houses.
Comparing a million dollars to a billion dollars is like comparing one dollar to a thousand dollars.
Yeah a billionaire buys a million dollar house as easily as a millionaire buys an expensive TV or pretty good gaming pc as easily as a person with only a thousand dollars buys a cheap soda
Also most millionaires are just homeowners.
While that is absolutely true, the millionaire still has the biggest things in common with a billionaire. They will never have to worry about a lack of money. They will never have to choose between clothes or food. And they will never be forced to keep a job, because without it they will literally die due to lack of medical insurance.
The millionaire isn’t your friend either, they’re just a wannebe billionaire.
Dude, someone who has a freehold home and a retirement portfolio is a multimillionaire in many places.
There will absolutely be people with large assets and low income struggling to make ends meet.
Boohoo the millionaire can’t afford all the luxuries they want. How will they make the payments on their BMW this month, they might have to switch to weekly tennis lessons instead of 3x weekly.
A million is easily enough to live a comfortable life and never work again. If they ‘struggle to make ends meet’ they are bad at budgeting. They are not working class, they do not need to work. Maybe they work because they want to live in a HCOL area and have extra luxuries but anybody with a million dollars worth of assets can stop working any time they feel like it.
Especially any multi-millionaire is distinctly bourgeois.
This is not true. A million dollars buys you a house, so basically cancels rent. But it does not feed you for life and lets you live without working.
There is a big difference between people who own a millon dollars in money and assets and those who have a million dollars in their checkings account.
Of course, afaik almost no billionaire’s money is liquid either, it’s in properties and businesses and shit.
Like I’m sure bezos has plenty liquid, but most of his billions is just a valuation of amazon/aws/whatever other shit he owns.
Like, if we wanted to take all his money we’d have to completely liquidate amazon and aws, and his house etc, selling the assets off to whoever can afford it, it’s not just breaking into his Scrooge McDuck vault full gold coins.
Not that it’s impossible, it just seems that many people don’t realize this and think it is just the Scrooge McDuck vault.
Then sell the house.
Owning a house in a HCOL area is one of the luxuries I was talking about. Any million dollar asset is a luxury.
There is a fundamental difference between working to survive and working because you don’t want to move out of your NYC brownstone or further from lake como or whatever the fuck.
I wouldn’t say a house is a luxury. It is a necessity.
Really the whole concept of renting is exploitative.
A house is a necessity, yes, but not a house in the middle of San Francisco or New York.
What’s the difference between a million and a billion? About a billion
The difference between a million and a billion is about a billion.
You’re 99.99% correct.
edit: I can’t do math for shit.
99.9%. The difference is 999 million, or 0.999 billion.
But also, at that point, less than a tenth of a percent isn’t a significant difference any more. Point is, a million is nothing to a billionaire. Let alone a multi-billionaire. Let alone a double digits billionaire, and it gets worse from there.
If you were to count 1 second, every second, until you reached one million. It will have taken you roughly 11 days.
If you were to count 1 second, every second, until you reached one billion. It will have taken you over 33 years.
I like this one because it helps establish a relative analogy we can all kind of feel and puts things into perspective. We all know what 11 days feels like, and almost all of us know what 33 years feels like. Either because we may have lived it directly or we’ve lived enough of a portion of it to extrapolate that experience.
One trillion seconds is almost 32,000 years. The analogy is broken again as 32K years is already becoming a nonsensical number that none of us can meaningfully interpret. It’s longer than all of recorded human history
Anyways, https://apnews.com/article/musk-tesla-electric-trillion-pay-stock-f2140db92e8032121f4c114234059165
under 5millions ish, but once you reach 10s millions in worth, the psycopathy starts to show. hasan probably a poor example, as hes comes from a very wealth turkey family but acts like lefty tankie, but hes really just a resistance grifter, he pretends likes hes poor. but his fans are calling him out he never had an actual job before, the one that wasnt due to nepotism, one given by his uncle cenk ughyr, hes part of the bourgeois.
Many leftist have been those from high class families who had the education and means to make a difference. Guevara and Engels being two examples among many. FDR, though absolutely not anywhere close to a leftist, betrayed his own upper class and championed the new deal.
I am not defending wealth. I am a dyed in the red and black commie, but I do think we should recognize that sometimes it’s actually those with enough material means to make a difference who do so.
BTW. Hasan’s a internet personality who abuses his dog, so… This comment was more about people coming from wealthier families being able to do good things.
I get what you’re saying, that they are millionaires are closer to being broke than to being a billionaire, but they still have more in common with billionaires than normal workers. Once you reach the mid to high single digit millionaire you can pretty much choose your own adventure.
Lemmy is seriously underestimating the number of comfortable millionaires. Got $1M? You can retire and live modestly. Got $3M? That’s a new way of life, not radical, but much better. Got $10M? You’re well set for whatever happens.
3M invested is a nice retirement, not a new way of life. That’s a barely 6-figure a year payout. Of course, a chunk of a3m networth is likely your house.
In the US, 1 million is not enough to retire comfortably unless you are already retirement age and can collect social security and Medicare. It’s not like you can retire early on 1 million dollars. That doesn’t even buy you a house where I live.
1 million is ‘not enough’ when you want a passive income that is higher than what half of working people earn.
I have a friend who made it big young (well earned IMO, they started working at 15) and they have about 2M in investments.
They make 4k/month after taxes just from the stock dividends every year.
That’s well enough for a comfortable life over here, as their house and cars are paid for - and the money keeps growing in investments.
I’m not quite at that level, but I’m getting there. My main concern would be health care. And that my house isn’t fully paid off. And with Trump manipulating the market, idk I get nervous. 2 million might work. But I know 1 million is for sure not enough, at least in the US.
Your math is a bit off
i think is when you reach 10s of millions in wealth is when things becomes very seperate from the plebs.