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this post was submitted on 04 Apr 2026
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Asklemmy
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Imagine this: You're a dirty rotten billionaire. Look what you can do with your miniscule billions if you had just 10 of them.
With $10 billion, if you invested it to generate a conservative 5% annual return, you could spend roughly $1.37 million per day ($500 million a year) without ever touching the principal. If you didn't invest it, you could spend over $100,000 daily for roughly 274 years.
These assholes just love hoarding the wealth and anything else they can so long as you peasants don't get any of it. Instead, think of wealth this way in that it is like fertilizer, if you spread it around evenly everything grows nicely and beautiful. If you hoard that shit, it stinks something awful.
Fuck tech bros, fuck billionaires, fuck the elite; they're destroying this world and the 99% of us' way of life because of their greed.
I agree with your sentiment, but I'm compelled to point out that their "billions" is in the valuation of the preferred shares of the corporations they control. If they were to sell to get their billions in cash, the value of their portfolio that analysts purport they have would plummet to pennies on the dollar and very quickly.
Billionaires take out loans using their appraised assets as collateral when they need a couple tens of hundreds of millions in cash.
These billionaires' egos literally write checks their bodies can't cash without tacit approval from the Fed and SEC.
They think of it like a game. Its just like some dickhead on reddit posting endless bullshit on reddit to amass internet points, except that billionaire points affect the well-being of the real world, which neither the reddit dickhead nor the billionaire really live in or care about.