this post was submitted on 28 Oct 2024
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Today I Learned (TIL)
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There is no such thing as an innocent billionaire.
There are no innocent millionaires. The threshold of wealth that requires some seriously unethical behaviour is pretty low.
What do you count as innocent? Like doesn't use products made in factories with human rights violations? I'm never gonna hit a million, but economists are saying we all need to have a Mil or three in order to retire? I know a couple million airs who seem like normal people, they're just business owners?
I mean there is no way to goss a million a year without directly and knowingly exploiting people on a daily basis.
Millionaire refers to total wealth or cash on hand, not annual salary. Someone making $1M a year is probably worth $100M+ if they own stocks and may be well on their way to billionaire.