When is rich to you? Is it $100k? $500k? Or just when you have to start adding “-illion” to the number? Is a 25 year old who worked for 5 years with 100k as rich as someone who worked for 50 years to get 10x that?
The gap does matter, it’s not our fault you can’t comprehend the magnitude of these gaps
I never said I don’t comprehend the gaps. I’m saying they don’t matter.
Tom is a rich guy, who doesn’t need to work for a living. He lives off the interest in his bank account.
Jeff is a rich guy who doesn’t need to work for a living. He lives off the interest in his bank account.
Bob is a guy who has some savings, but if he stops working he becomes full of debt.
The difference between Tom and Jeff are the number of decimal points in their bank accounts. The difference between them and Bob is that Bob doesn’t work to maintain an image, or run a company. Bob works because he HAS TO.
The second you have the ability to quit your job, and not impact your ability to live, is when you’re rich.
Sure, there’s a big gap between having a few billion, and having a few million if you look at numbers. There is no difference however with you being required to work. Thats why the gap doesn’t matter.
So is it the interest that’s the problem? Or the not working?
You could be unable to work on disability with an inherited house and get pretty much to that poverty line. Why isn’t that the same?
What if there wasn’t interest but I got $5m in the lottery and just decided to spend $1m buying a house in a good neighborhood and paying off debts. Then I just take out 50k out from my mattress per year until I die.
If you’re a certain age and don’t care about your estate you could do the same thing with a line of credit. Now I have negative net worth but I’m choosing not to work while maintaining a decent life.
There is a real, tangible difference between any of these scenarios (yours or mine) and having enough money to shape legislation or buy yourself into the fucking Whitehouse. That just happens to be roughly the difference between ~1 million (living comfortably) and 1+ billion (buying lobbyists)
When is rich to you? Is it $100k? $500k? Or just when you have to start adding “-illion” to the number? Is a 25 year old who worked for 5 years with 100k as rich as someone who worked for 50 years to get 10x that?
The gap does matter, it’s not our fault you can’t comprehend the magnitude of these gaps
I never said I don’t comprehend the gaps. I’m saying they don’t matter.
Tom is a rich guy, who doesn’t need to work for a living. He lives off the interest in his bank account.
Jeff is a rich guy who doesn’t need to work for a living. He lives off the interest in his bank account.
Bob is a guy who has some savings, but if he stops working he becomes full of debt.
The difference between Tom and Jeff are the number of decimal points in their bank accounts. The difference between them and Bob is that Bob doesn’t work to maintain an image, or run a company. Bob works because he HAS TO.
The second you have the ability to quit your job, and not impact your ability to live, is when you’re rich.
Sure, there’s a big gap between having a few billion, and having a few million if you look at numbers. There is no difference however with you being required to work. Thats why the gap doesn’t matter.
So is it the interest that’s the problem? Or the not working?
You could be unable to work on disability with an inherited house and get pretty much to that poverty line. Why isn’t that the same?
What if there wasn’t interest but I got $5m in the lottery and just decided to spend $1m buying a house in a good neighborhood and paying off debts. Then I just take out 50k out from my mattress per year until I die.
If you’re a certain age and don’t care about your estate you could do the same thing with a line of credit. Now I have negative net worth but I’m choosing not to work while maintaining a decent life.
There is a real, tangible difference between any of these scenarios (yours or mine) and having enough money to shape legislation or buy yourself into the fucking Whitehouse. That just happens to be roughly the difference between ~1 million (living comfortably) and 1+ billion (buying lobbyists)
Why do I get the feeling that the person you are talking to would call those people either lucky or lazy?