Dot.@feddit.org to People Twitter@sh.itjust.worksEnglish · 8 months agoRich tax.feddit.orgimagemessage-square174linkfedilinkarrow-up11.58Karrow-down124file-text
arrow-up11.56Karrow-down1imageRich tax.feddit.orgDot.@feddit.org to People Twitter@sh.itjust.worksEnglish · 8 months agomessage-square174linkfedilinkfile-text
minus-squareNutWrench@lemmy.worldlinkfedilinkarrow-up25·8 months agoAt this rate, we’re going to have our first trillionaire by the end of the decade. How much is enough? How big does that pile of money need to be?
minus-squarestebo02@lemmy.dbzer0.comlinkfedilinkarrow-up3arrow-down1·edit-22 months agodeleted by creator
minus-squarerhpp@programming.devlinkfedilinkarrow-up6·8 months agoThat’s not how exponential growth works. A ×10 increase in 1.2 years implies a ×1010 increase in 12 years. According to these numbers it should be ×10 in 6 years which roughly aligns with the end of the decade.
At this rate, we’re going to have our first trillionaire by the end of the decade. How much is enough? How big does that pile of money need to be?
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That’s not how exponential growth works. A ×10 increase in 1.2 years implies a ×1010 increase in 12 years. According to these numbers it should be ×10 in 6 years which roughly aligns with the end of the decade.
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