this post was submitted on 17 Sep 2024
1490 points (97.0% liked)

Memes

45661 readers
1570 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 month ago

Oh I agree that even 2 billion is too much, but my reasoning is that proponents of capitalism often make the claim that capitalism drives innovation (you try to fill some market niche in order to get rich) so if they are right, then 2 billion should be enough that this still works.

I had yachts depreciating to zero in my example because it's estimated that you have to spend about 10% of its' purchase price annually anyway, so anyone keeping a 20 year old yacht around is going to be spending a lot of money on it that will fuel other parts of the economy.