Comment on A reminder
Bassman1805@lemmy.world 2 days agoYou know the difference between a millionaire and a billionaire? About one billion dollars.
But yeah, like the other commenter said: $10m puts you WELL outside of working class. That’s enough to retire on anywhere on the world, and with a high degree of luxury outside of a handful of the most expensive cities. That money, invested by anybody with half a brain, will make enough money per year than many extremely skilled professions make. We’re talking doctor salary without doing any actual work. They’re not buying senators wholesale like billionaires, but their house rep probably knows them by name.
uriel238@lemmy.blahaj.zone 9 hours ago
Larry Lessig made this point, that the people who get representation are the ones who donate the maximum allowable direct donation to their campaign. (Even that is peanuts compared to super-PAC money and dark money, but it’s worthy of an annual Christmas card, and even a fruit basket.)
The difference is that you still need half a brain. This is the 1970s George Lucas level, where he still has to listen to experts or (in the case of ESB hire experts to direct his movie for him). In fact, a note to boards of directors everywhere, this is where you want your C-Suite to be and stay, so that they use data-driven science to determine their management policies, which will maximize profits. Contrast our vindictive tech billionaires whose hiring and firing practice is brain-draining their own companies, and wrecking the entry-level job market which is where they would glean their future expertise. (Sorry. This is a specific rant of mine.)
Once you get sufficiently rich (a billion will more than qualify) then you make money whether or not you do anything, and, as Zuckerberg and George W. Bush have demonstrated, you can do an awful lot of stupid and still fail upwards.