this post was submitted on 21 Jan 2025
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[–] xmunk@sh.itjust.works 22 points 11 hours ago* (last edited 11 hours ago) (4 children)

My proof that ethical billionaires don't exist is that there's a line (I usually like to set it at 10 million due to living in a very high CoL area) beyond this line you will never need more money in your life. Money will no longer improve your standard of living and your savings are enough to ride out life in comfort.

When you reach or approach this line you have two options:

  1. Look at everyone you're working with and help them reach that line - if you've accomplished that then start lowering the costs of your business to customers to help your customers reach that line.

  2. Squeeze harder so you get more money and everyone around you gets fucked.

If you chose #2 you are a fucking asshole. You cannot become a billionaire[1] except by choosing #2. You have actively chosen to push down those around you so you can watch number go up.

  1. The exception here is inheritance though someone with a sizable inheritance also has questions about using it to help those around them and, IMO, the estate tax should be near 100% and we should ensure that everyone has as equal a shot at life as we can. I loathe inheritance of wealth as a general concept though some things like having a family home are obviously pretty meaningful to a lot of people.
[–] blakenong@lemmings.world 8 points 10 hours ago (1 children)

Well, inflation has made that more than 10 million, but yes I agree there is a number that says “I own a huge mansion, 10 cars, a yacht, and I eat caviar every meal.” That number is significantly less than a billion without having to work a day more.

[–] iopq@lemmy.world 1 points 4 hours ago (1 children)

You can't own a yacht with 10 million

[–] NotMyOldRedditName@lemmy.world 1 points 56 minutes ago* (last edited 52 minutes ago)

I'm gonna be that guy... but yes you can.

What many perceive as Yachts, the big boats that the ultra wealth have, are not the sole size of yachts.

This is a yacht for under 600k

https://fgiyachtgroup.com/yachts-for-sale/opus-one-440996/

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