Not an economist, but a lousy CS grad, so my rambling may be incorrect. But honestly, I have no words for your genius. More specifically, the lack of it.
you ignored inflation around the 1970s
you did not take into account the cost of living
you also conveniently ignored the lifestyle choices
Inflation has caused the cumulative price increase of 488.65% in the US from 1975 to 2023-almost-2024. $200,000 in 1975 is around $1,177,295.17 in today’s time.
$20 million is just an exaggeration for the light-hearted joke @snekerpimp@lemmy.world made, it’s not that deep.
Not an economist, but a lousy CS grad, so my rambling may be incorrect. But honestly, I have no words for your genius. More specifically, the lack of it.
Inflation has caused the cumulative price increase of 488.65% in the US from 1975 to 2023-almost-2024. $200,000 in 1975 is around $1,177,295.17 in today’s time.
$20 million is just an exaggeration for the light-hearted joke @snekerpimp@lemmy.world made, it’s not that deep.
Source: Inflation calculator
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