this post was submitted on 25 Oct 2024
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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.
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.
Was Columbus trading slaves?
He enslaved people as he travelled
https://edition.cnn.com/2020/06/12/us/christopher-columbus-slavery-disease-trnd/index.html
Didn't everybody back then?
Slaves didn't own slaves
I'm sure it was very common. But that's whataboutism and it's definitely worth noting.
I don't think the original poster meant you to 'adjust for inflation'. Good thinking tho!
that is obviously just an analogy for the huge time span. $5000/day meaning at the current value
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 😱
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.