889
Do you make $5,000/day? (sh.itjust.works)
submitted 20 hours ago by praise_idleness@sh.itjust.works to c/196
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[-] DragonsInARoom@lemmy.world 1 points 9 hours ago

Did they have computers and future technology back then?

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[-] Juice@midwest.social 5 points 14 hours ago

Okay so then how is he worth that much?

These memes and stories are like, "its unbelievable that Bezos is worth so much money", no it makes perfect sense!

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[-] lurklurk@lemmy.world 6 points 15 hours ago* (last edited 12 hours ago)

Although if you did earn $5k per day and managed to invest at a yearly return of 3% above interest, you'd have about $41 trillion

At 1% above interest you'd just have $3.6 billion so invest wisely

(edit, corrected the numbers)

[-] Annoyed_Crabby@monyet.cc 11 points 19 hours ago

Huh. Based on this online calculator(https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator), if i earn £5000 everyday in 1493(Cuntopher Columbus start his slave trading voyage in 1492 i think), i would have £1,825,000, which in today money is roughly £1,813,589,780.47, that's just for a single year.

Kinda made me the richest immortal in the world.

[-] disrupted@lemmy.world 23 points 18 hours ago

that is obviously just an analogy for the huge time span. $5000/day meaning at the current value

[-] OmegaMouse@pawb.social 14 points 18 hours ago* (last edited 18 hours ago)

Yes, under those conditions you'd have about $969 million: 531 years since 1493. $5000 x 365 = $1825000 per year x 531 = $969,075,000

According to this article Jeff Bezos makes $595,728,000 a week (holy shit), so even if you were Methuselah earning $5000 a day, he'd still have more money than you after two weeks 😱

[-] termain@programming.dev 4 points 14 hours ago

As in Jeff Bezos's assetts appreciate at 600M a day. To reiterate the OP's point.

That is a dangerous amount of power concentration.

[-] Tramdan@sh.itjust.works 12 points 16 hours ago

If you're going to adjust the final amount for inflation then you need to adjust the £5000 for inflation so in 1493 you would only be earning £6 per day.

[-] KazuchijouNo@lemy.lol 7 points 18 hours ago

I don't think the original poster meant you to 'adjust for inflation'. Good thinking tho!

[-] jaybone@lemmy.world 2 points 18 hours ago

Was Columbus trading slaves?

[-] GetOffMyLan@programming.dev 5 points 17 hours ago
[-] AnUnusualRelic@lemmy.world 1 points 16 hours ago

Didn't everybody back then?

[-] iii@mander.xyz 1 points 10 hours ago

Slaves didn't own slaves

[-] GetOffMyLan@programming.dev 3 points 14 hours ago

I'm sure it was very common. But that's whataboutism and it's definitely worth noting.

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this post was submitted on 25 Oct 2024
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