this post was submitted on 28 Oct 2024
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Today I Learned (TIL)
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That's not true you can earn a few million from hard work. Its rare these days, but doable. Still pennies compared to Elon et. al. I think the cutoff should be between 50-100 million. After that we name a park after you and you get a trophy for winning at capitalism. Congrats or whatever, but we're taking the rest.
Whatever the threshold, it needs to be indexed to inflation and COL in the local area.
You definitely can not become a millionaire on YOUR hard work. It takes the hard work of other people working for you. And unless you over charging for their work or under paying them for their work, you aren't going to be making millions.
I made millions by buying bitcoin years ago. Who did I exploit?
You could say others who bought in later than you, but regardless I wouldn't really classify that as "hard work".