Bezos makes ~$2,500 every SECOND. His big idea? Get a bunch of funding to heavily undercut local bookstores and operate at a loss while destroying local businesses such that he could take over as a near monopoly. And it’s highly doubtful that it was his idea, but it worked because when you’re willing to cheat against those not willing to do the same you’re gunna win.
The author of the tweet didn't go far enough. Should have gone for for 1 million USD instead. Even if you made 1 000 000$ every day, it would still not be enough.
shit, I was about to write that you overshot by a few zeroes, and then I looked closer and put the commas and everything, and you're right: 194,440,000,000.
It cracks me up that compound interest gets raised every time someone makes an argument about just how much money billionaires have. As if the only reason we're not billionaires is because we were too dumb to invest the $5,000 we've been making every day since Columbus sailed the ocean blue.
No it isn't because it's an imagery used to show how absurd that amount of money is. 5000 a day is easy to grasp and a few hundred years is easy to grasp.
I'm more interested about the 5k/d. That must be excluding compound interest. Like, all the money if just being stuffed into mattresses, or something. OTOH, having your money in a bank account might have reset you to zero in 1929.
Conservative logic: Giving poor people a small amount of money will cause them not to work, whereas passing laws that benefit billionaires will cause them to create jobs.
Maybe but there are also lots of people with mental illness who manage it and are still decent people. Not every sociopath is a serial killer but every billionaire is fucking evil. The decision to acquire great wealth at other's expense and use it only for yourself is something else.
It makes me think of hoarders. It just happens to be the case that money is universally sought-after, and so we think "it make money, is good!" But it's not much different from someone with stacks of ancient newspapers filling 98% of their living space. It's not like Jeff could actually spend all of that money even if he wanted to. He has more than he could ever need to live the most lavish and privileged of lifestyles, including giving the same to several generations of his offspring. He could still go to space and do all that crazy shit with 10% of what he has in his bank account. It can't be normal.
Bezos does not make a billion dollars in a week, unless you count certain short term gains based on random variation of the stock market, in which case he also loses a billion dollars in some weeks.