Comment on Flashback - Mark Zuckerberg on billionaires: 'No one deserves to have that much money'
KevonLooney@lemm.ee 1 year agoYou forget the impact of compound interest. If you invested 1 dollar at 1% interest, you would have a billion dollars in just over 2000 years. So these comparisons based on income are not useful.
dangblingus@lemmy.world 1 year ago
If you invested money at 1% interest, you would lose money due to inflation.
KevonLooney@lemm.ee 1 year ago
Real interest, after inflation.