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[-] Vorticity@lemmy.world 18 points 3 days ago* (last edited 3 days ago)

Okay, how about this? If someone were to work every day for 50 years and if they invested everything they earned at an 8% interest rate, they would need to earn approximately $1.4M/day to reach Elon's current level of wealth.

At $5,000/day income and 8% interest investments, it would take 120 years to accumulate $340B.

[-] Mist101@lemmy.world 4 points 3 days ago

Yes. Your math is correct. My point was never "billionaires good", but rather the meme is disingenuous. But I guess any time anyone says anything other than "billionaires bad" they get downvoted.

[-] Vorticity@lemmy.world 3 points 2 days ago* (last edited 2 days ago)

I'm not really sure why you're being downvoted. I up voted you.

I didn't actually mean to imply that I disagreed with you. I was just giving some alternative numbers to demonstrate the issue in a more realistic way. I also didn't think you were implying that billionaires are good just because the example in this post isn't the best one.

[-] SLVRDRGN@lemmy.world 3 points 2 days ago

Your point is still not clear to me. It could be interpreted as $5,000 in today's money every day since long ago. It still is a lot of money per day, even in the equivalent money back then. 5 cents then (or whatever) is what $5,000 feels like today. So what's your point?

[-] Mist101@lemmy.world 1 points 2 days ago

If you are still asking what my point is after my two comments, I think we're done here.

this post was submitted on 11 May 2025
377 points (100.0% liked)

Anti-Corporate Movement

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This community is the first one on lemmy of its kind. It sits between the idea of anarchism/anti-capitalism and left leaning economic policy.

Our goal is to make people aware of the dangers of corporate control, its influence on governments and people as well as the small but steady abrasion of empathy around the world indirectly caused by it.

Current topics this includes but is not limited to:

Feel free to debate this but beware, corporate rhetoric is not welcome here. If you have arguments, bring them on. If its rhetoric trying to defend the evil actions of corporations, we will know and you will go.

Our declared goal so far is to have all companies and individuals worldwide capped at 999 mil USD in all assets, including ownership of other companies, sister companies and marital assets. The reason for this is that companies (and individuals) are not supposed to resemble small(?) countries with a single leader(-board) and shareholder primacy. Thats why we feel like they must be kept in check indefinitely.

But companies will just wander off The argument that large companies will just wander off is valid, which we embrace. We dont need microsoft, apple, google, amazon and other trillion dollar companies. There are small competitors being kept small and driven into brankruptcy by anti competitive behavior of these giants or simply bought up and closed. If starbucks left tomorrow, we would not have an issue with this.

But then we have x little microsofts that all belong to the same person(s) If in fact nobody was allowed to accumulate more than 999 mil in assets, they would not be able to own all these. And like defending agains burglary, it is not about complete defence but time and effort. You only have to keep the thief occupied long enough for them to be caught, give up or make a mistake.

But these giants have tons of IP which would then limit our growth Thats another topic we must touch on. We will (only this one time) take a page out of russias playbook and demand that IP of non complying companies (assets over 999 mil USD) will be declared invalid, which opens them up to be copied.

But then they will "live" in one country that doesnt accept this Correct, and they should be taken into custody the moment they enter the airspace of a country that supports this act.

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