• Alloi@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        edit-2
        1 day ago

        that seems like a pretty small number, even if its based on networth. we can do much better than that.

        • gandalf_der_12te@discuss.tchncs.de
          link
          fedilink
          English
          arrow-up
          1
          ·
          13 hours ago

          don’t forget that 3% annually over 20 years is still something like almost 60%.

          actually a little bit less if you consider how exponential functions work, it’s actually exp(-0.6) ≈ 0.5, so it’s closer to 50% but still good.

          • Alloi@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            5 hours ago

            im firmly in the camp that billionaires simply shouldnt exist, hence my position, but i get what you’re getting at lol. gotta start somewhere.