Maeve@kbin.earth to politics @lemmy.world · 9 days agoJB Pritzker Responds To Mamdani's No Billionaires Messagetime.comexternal-linkmessage-square6linkfedilinkarrow-up10arrow-down10file-text
arrow-up10arrow-down1external-linkJB Pritzker Responds To Mamdani's No Billionaires Messagetime.comMaeve@kbin.earth to politics @lemmy.world · 9 days agomessage-square6linkfedilinkfile-text
Pritzker has an estimated net worth of $3.7 billion, in part due to his family’s ownership of the Hyatt Hotel chain.
minus-squaremoody@lemmings.worldlinkfedilinkarrow-up0·9 days agoAt $20 per hour, working 40 hours a week, you would need about 25000 years to earn one billion dollars. There’s no way anybody on Earth has put in as much effort to earn a billion dollars as 25000+ years of work.
minus-squarechonglibloodsport@lemmy.worldlinkfedilinkarrow-up0·9 days agoIf you could live 25000 years you wouldn’t need to earn a billion by working. You could invest a single dollar at 1% interest and it would only take 2083 years to grow to over a billion dollars.
minus-squareTiger666@lemmy.calinkfedilinkarrow-up0·8 days agoBanks would not be paying that kind of interest if we lived 25000 years.
minus-squarechonglibloodsport@lemmy.worldlinkfedilinkarrow-up0·8 days agoSure they would. Interest is based on economic growth, not lifespan.
minus-squareTiger666@lemmy.calinkfedilinkarrow-up0·3 days agoIt wouldn’t be if lifespan were that long. What dont you understand about that?
minus-squarechonglibloodsport@lemmy.worldlinkfedilinkarrow-up0arrow-down1·3 days agoYou’re making an assertion without evidence. What’s there to understand about an unsupported (and likely false) assertion?
At $20 per hour, working 40 hours a week, you would need about 25000 years to earn one billion dollars.
There’s no way anybody on Earth has put in as much effort to earn a billion dollars as 25000+ years of work.
If you could live 25000 years you wouldn’t need to earn a billion by working. You could invest a single dollar at 1% interest and it would only take 2083 years to grow to over a billion dollars.
Banks would not be paying that kind of interest if we lived 25000 years.
Sure they would. Interest is based on economic growth, not lifespan.
It wouldn’t be if lifespan were that long. What dont you understand about that?
You’re making an assertion without evidence. What’s there to understand about an unsupported (and likely false) assertion?