467
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 20 Dec 2024
467 points (98.5% liked)
News
23664 readers
3560 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
A question I have is once you are a billionaire, why do you need more money?
What is there left that you can't buy?
Elon Musk bought a president
The personality required to "earn" a billion dollars off the backs of your working employees is exactly why it will never be enough for them. Have enough money that all your grandchildren's entire lives are paid for? Then it's now about control. Who can you influence and how much of your shitty mentality can you project onto others?
People who want money for specific things and will eventually be satisfied stop long before reaching billionaire status.
It's an addiction, plain and simple. If the number isn't going up, they're not happy. They're willing to do anything, hurt anyone, to get their fix.
Billion dollars grows by 70 million passively per year. Next year you have 1,070,000,000 which grows by 74.9 million and next year by 80 million and so on. Basically the more money you have the easier it is to make more money.
Also, a billionaire doesn't have billion dollars in the bank. That's not what being a billionaire means.
Cumulative interest is absurdly powerful. Turns out that the best way to earn a fuckton of money is to start with a heckton.
Tangentially related: a friend told me that they worked out that £1,000,000 in the bank/invested in safe options would accrue enough interest that you could retire and have a decently comfortable income just off of the interest (meaning that the million pounds would remain untouched and able to be inherited by kids of whatever).
It weirdly reminds me of growing things like moss, yeast (for bread) or fungi. It takes far more time than work; you set up the conditions for them to grow, and then you leave them to their own devices for a while. I can't imagine treating money like this; growing up poor means that no matter what level of financial security I achieve as an adult, I will always be acutely aware of exactly how much money I have, and how fast it is growing or shrinking.
It's not about buying things, it's about winning the game and staving off boredom and existential dread.
We need more people like Luigi to add excitement back into their lives!
Politicians are cheap, but getting the President of the USA to let you have all the power of the US President is pretty expensive.
Unless you're Putin. But Musk managed to do it without being Putin.
Because you have to win the billionaire game.
A city on Mars? I'm pretty sure that's what Elon is trying to buy, he's paying several billion dollars to work on it.
If this happens, he gets a pass. It's the only reason I can think of to focus that much wealth in one place.
It's a dick measuring competition with their buddies at that point, at the expense of the rest of us.
Not necessarily true. More money at that level isn't about more material possessions or even more services: it's about more power and influence. It's playing toward oligarchy.
I didn't say anything about possessions and purchasing power, the competition in that echelon is about who has more ability to bend the world around them, thus the dick measuring comment.