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Fester ,

At a modest average annual dividend yield of 4%, $1 million in investments will generate $40,000 in income. $1 billion will generate $40,000,000.

Grayox OP ,
@Grayox@lemmy.ml avatar

Hot damn that is a good way to contextualize it.

kryptonianCodeMonkey ,

For real. Once you are a billionaire, with even the most basic investments, you have to try REAL hard to become broke again. Spare money begets money. Spare dragon hoards begets dragon hoards. Any bitch baby billionaire whining about taxes can kiss every single asshole of single working parents, people struggling to cover student loan debts, people who perpetually rent because they can’t afford a home with a lower mortgage payment than there rent is, and every person who got ill and lost there job and home as a result. They don’t need more dragon hoards. They’ll be just fine.

spankinspinach ,

This is the best way to explain it I’ve seen. Tell me those billionaires are struggling 🙄

i_simp_4_tedcruz ,

That’s how multiplication by 1000 works

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