/biz/ - Business & Finance

How many poors are there?

>>54150685
Musk has 300 trillion dollars?

>>54150727
You didn't adjust for the fall of the Roman empire.

>>54150727
yup. he keeps it in a safety deposit box

>>54150727
You can't expect redditors to be able to multiply 3 numbers successivly.

>Create company
>People decide that the company is worth a lot of money
>The government now demands that you give them that money

shitlibs are retarded

>>54150685
Kek antiwork chuds can't stop losing.
They have only showed the world that they are a bunch of poor, jobless millennials who walk dogs and live with their parents.

>>54150685
People who don't understand the difference between asset valuations (paper worth) and cash money worth are useless to society from the start.

>>54150727
>>54150783
10,000 * 365 = 3,650,000
3,650,000 * 82,021 = 299,376,650,000

I hope this was bait and I’m the nigbrain here for taking it.

>>54150823
/thread

>>54150856
If you don't get any interest rate on that, it will be worth nothing due to inflation.

>>54150685
>me grug
>grug no die
>put rock in long nose tribe's cave
>1 percent unga bunga compound interest
>many moons pass
>grug now have 10^356 rocks

>>54150685
Someone told me a less retarded way to understand what owning a single billion dollars means, since people struggle to deal with very high and very small numbers.

Imagine that you're immortal and you were born in 1492, at the moment when Christopher Columbus landed on america. From that date your earn passively 5k dollars each day, during more than 500 years, until now. You still wouldn't be a billionaire.

Now Musk owns more than 200 billions dollars (not liquid of course, but still), and he gained almost all of his fortune in less than 30 years, while spewing bullshit left and right. And on the contrary, the average man earn a few k each month. There's something wrong in this world.

>>54150685
If you tax the billionaires, it will just cause food prices to rise more and not less.

>>54150685
They have a point tho

>>54151023
I agree, taxes are not a solution. The problem is systemic.

>>54151023
>less taxes for the normal person is bad because it will increase inflation
>more taxes for the rich is bad because it will increase inflation

>>54151036
No one is saying less taxes for a normal person is bad you strawmanning faggot. Taxes are inherently evil and should not exist for anyone, period.

>>54151047
>No one is saying less taxes for a normal person is bad you strawmanning faggot.
Not true at all. People argue this shit all the time when they say "you'll have more disposable income so businesses and landlords would increase the cieling even higher".

>>54151036
Welcome to modern monetary theory

those retards don't know how stocks works, they really think Elon or Lex Luthor amazon edition have 100 billion in a safe somewhere?

>>54150685
it's not even the context or the stupidity of their points that makes me angry, it's the fact that they write as if they were characters in a marvel movie

>>54150928
On the other hand if you invest it in even a brain dead index fund you will be even wealthier than the initial result implies.

>rent will never be reasonable because these monkeys are focused on Elon usk

>>54150685
>someone has lots of money
>this hurts me somehow and means it should belong to me
???
>upset about low wages
>wants euro-tier socialism to fix this, even though euroland has far, far lower wages due to economically destructive socialism
???

>>54151289
>3 people own more wealth than half the country
>don’t care cause ameritard
>complain about taxes outside my nigger mutt bracket

Based.

>>54151272
Based wife
Who's your favourite in EN?

still not as much as White Spiritual Boy Fund

>>54150685
>rich people have a lot of money
>therefore that money should be mine
Is this supposed to be some quippy argument?

>>54151289
>>someone has lots of money
But they don't, assets are not money.