Sure 300K TC seems impressive relative to the Barista you buy your Latte from but it pales in comparison to the amount that people like Zuckerburg, Musk, Bezos, etc have increased their wealth in the past 2 years for example, which is on the order of 10s of Billions. You are far closer to the homeless you guy step over on the way to Twitter HQ than to Jack Dorsey and sure if you deliver a great result this quarter maybe you'll make 400k next year but it's all relative.
It’s not relative. 300k buys you a fantastic life. You’ll never be in the 0.1% with a job vs owning assets, but these jobs are amazing by any measure, and a world away from being poor.
The very rich having astronomical amounts of money has zero negative effect on the day to day of the middle class - we don’t have a limited money supply.
You may say it buys them outsized influence, but media companies will always have owners, whether they be hectomillionaires or billionaires or whatever.
speaking from experience 300K buys you a fantastic life most of the time, but there can be problems that would be solved with more money but are unsolvable at the 300K level.
>The very rich having astronomical amounts of money has zero negative effect on the day to day of the middle class - we don’t have a limited money supply.
I think this almost completely false. Elon Musk just bought Twitter and could drastically change a major point of interaction for hundreds of millions of people. The Koch Brothers spend billions to influence, to great effect, the laws that are passed in the US. These examples are not rare. The economy is almost zero sum, certainly since the 70s the top percentiles have been taking a larger portion of the pie even considering the growth of the pie.
But anyway I think the general point is that is that even by working yourself to death you only increase your income or net worth by small numbers while someone like Elon Musk can 10x it over the same time period.
How could you possibly think the economy hasn’t grown in real terms since the 70’s?
Almost every consumer item is vastly better and cheaper. Middle class lives are luxurious in the extreme compared to then.
Who cares if 100 people at the top are getting more rewards faster, does it actually make your life worse? No. Only if you are jealous and mean-spirited does Musk’s quarter trillion dollars bother you.
In fact, these people tend to invest in things that lead to further improvement.
Furthermore, if Twitter bothers you that much, go on Parler.
>How could you possibly think the economy hasn’t grown in real terms since the 70’s?
"The economy is almost zero sum, certainly since the 70s the top percentiles have been taking a larger portion of the pie even considering the growth of the pie."
Pretty clearly stated its obviously growing.
>Almost every consumer item is vastly better and cheaper. Middle class lives are luxurious in the extreme compared to then.
"I can buy an Iphone so therefore it's irrelevant that the Koch brothers own significant portions of the US Congress?" Non sequitur imo.
>Who cares if 100 people at the top are getting more rewards faster, does it actually make your life worse? No. Only if you are jealous and mean-spirited does Musk’s quarter trillion dollars bother you.
A huge portion of the productivity gains in the past 50 years have gone straight to those 100 people at the top so yes people should be upset that they are taking more.
>In fact, these people tend to invest in things that lead to further improvement.
I fail to see how Spacex or Blue Origin will improve life on Earth in this century.
>Furthermore, if Twitter bothers you that much, go on Parler.
Pot calling kettle black? You seem to be parroting near word for word arguments from Ayn Rand/Alt Right etc. so Parler seems like a natural fit for you.
As the other response is somewhat condescending — and as the usual utility of money calculation is log($), your example numbers would normally suggest the second difference is greater than the first — I think you may find it more useful to ask yourself what you can do with 10B that you can’t do with 1M.
Sure, there are plenty of nice big houses that cost more than 1M, but you’re not off by much, and the first million makes a massive difference, including being able to talk to the bank rather than being escorted out by security.
But: anything over about 100M, the only difference the number makes is which company you get to own because that’s the only[0] thing people sell at that price… and at that level you get the money as a way to keep track of the score of how well you’re running them.
[0] OK, sure, private islands, and I don’t know how yachts work in law, but you get my drift
