In a hundred and twenty or thirty years or something, the dollar will have inflated by 1000 times, so a billion dollars then will be equal to a million dollars now. It'll cost a billion dollars for a nice four bedroom house.
But we'll have had a hundred more years to produce anti billionaire propaganda, so a lot of people, especially teenagers, will need it explained to them that being a billionaire isn't so bad now. The Marxist-Leninists will all be saying that Cyborg Bernie Sanders is an evil billionaire, and us reasonable leftists will be explaining that a billion dollars is just what it costs these days to own a residence in your home state and also in DC, which is necessary for working as a senator.
What we'll really need to look out for by then is the trillionaires. Good for nothing parasites. There's no excuse for one person to own a trillion dollars while there are people living on the streets who can't even afford a measly ten thousand dollars for a cheeseburger meal.
7 Comments
0x01@lemmy.ml · 6 pts · 1y
So inflation is 3-8% every year, so the equivalent of 1m today will be 19m-2.1b in 100 years
Since the target is 2-3% it's perhaps more likely to be 19m
Really shows how dumb saving for retirement is for the plebians
Alexstarfire@lemmy.world · 5 pts · 1y
Only if you don't invest. Hell, if you only want to slightly beat inflation there's a guaranteed way in the US, TIPS and I-bonds. Does assume the government hasn't collapsed, but that kinda applies to all retirement plans.
chillinit@lemmynsfw.com · 5 pts · 1y
The nation is 250 years old. Things aren't going so well for us. There won't be a USD in 120-130 years.
taladar@sh.itjust.works · 2 pts · 1y
At this point I would be surprised if it makes it for another 30 years.
droporain@lemmynsfw.com · 3 pts · 1y
dragonfucker@lemmy.nz · -2 pts · 1y
That's Mx. Double Dragon to you.
dustyData@lemmy.world · 2 pts · 1y
Rookie numbers, I was once a trillionaire, it was awful and probably the worst time in my life.
sukhmel@programming.dev · 1 pts · 1y
You got me wondering