TimeIntegrated
There’s an old saying, you can become a millionaire through honesty, integrity, and hard work, but you can’t become a billionaire.
IMHO the saying is nonsense. Why do we draw the magic line at $999,999,999.99 USD? This there something special about that number with regards to the USD?
Edit: Guess the redditors are here. More interested in ideology than discussion. All I did was ask for the justification behind the idea that you can’t become a billionaire “through honesty, integrity, and hard work”.
It’s ridiculous someone can assert such a claim with zero justification and if you dare question it, you get downvoted.
It’s only a matter of time I guess that this place becomes the new Reddit. September came quick.
Not really. I think I visited twice this month - pop in to see someone’s comments page and some small sub. Nowadays if google sends me to Reddit, I just view the cached version.
Read it as “Does Star Wars still retain any value?” which is just as valid a question for many.
I didn’t even know I can Ctrl + arrow keys
to move from word to word and I have been using computers for over 20 years …
I feel people like Musk and Trump are more dangerous in general.
Zuckerberg, Bezos, Gates … etc. are the “traditional” billionaires. They are greedy but most of the time rational thus fairly predictable - you don’t expect them to do anything crazy.
Musk and Trump on the other hand are narcissists. They petty, vindictive, insecure, and have fragile egos. There is no telling what would set them off and how far they will go to get even over a perceived slight.
government spending is a potential work around for this limitation
Not a finance guru but I believe there are also “market operations” where the central bank prints money to buy up assets thereby injecting money into the economy - and I guess when they want to shrink the money supply they just sell off those assets.