For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion.
    • 𝒍𝒆𝒎𝒂𝒏𝒏@lemmy.dbzer0.com
      67·
      10 months ago

      That’s 100k for those in the back. Really puts this greed into perspective, there is absolutely no reason for any individual to be hoarding this much money. For many people that would literally be life changing

      • Sasha@lemmy.blahaj.zone
        19·
        10 months ago

        If you want to stretch it a little further, this would be enough to very comfortably support just shy of 74,000 students in Australia per year.

        That’s roughly an extra third of what our government offers right now.

    • danc4498@lemmy.worldEnglish
      452·
      10 months ago

      This is exactly why you do a progressive tax rate that charges a huge percent (50+) for every penny earned over 20 million.

      They can still get these massive bonuses, but get would be better off putting that money into wages that aren’t taxed so much.

    • RmDebArc_5English
      2·
      10 months ago

      Anybody else think there should be a money limit? Like at a certain point you get a message: Congratulations, you completed capitalism. Now every additional cent you make is going to be taxed at 100%

  • FrankTheHealer@lemmy.world
    65·
    10 months ago

    Billionaires gonna billionaire.

    “Hustle and grind bro. Get that bread”

    It doesn’t matter if you hustle and bring every single day for the rest of your life, you will never have a billion dollars.

    • Hoomod@lemmy.world
      20·
      10 months ago

      Save that $5 a day and put it in a mutual fund and in 10 years you’ll make nothing because inflation will eat any growth you might have had

  • Gloria@sh.itjust.works
    621·
    10 months ago

    But giving someone at the bare minimum support from the state is apparently setting the wrong incentive. They say free money for doing nothing is communism and makes people lazy while giving a billinaire billlions for doing nothing is late capitalist doublespeak. I hope he suffocates on it.

    • S_204@lemm.ee
      14·
      10 months ago

      This is free money in the way that it’s a return on his investment. This has nothing to do with the state other than they will collect tax revenue on this distribution annually.

      This should be a motivational post to get people investing. heck of a retirement payout this guy’s getting.

      • ZombieTheZombieCat@lemm.ee
        2·
        10 months ago

        This should be a motivational post to get people investing.

        Totally, because people who are struggling just love to take risks with their money.

        • S_204@lemm.ee
          11·
          10 months ago

          What risk? Market goes up, the Rich ain’t gonna let that stop so you may as well catch on the coat tails.

          Past performance is not indicative of future earnings. Consult an investment professional or just send me your banking details. Same same.

  • DaBPunkt@lemmy.world
    37·
    10 months ago

    To put it into perspective: If you would earn 5000$ every day (not per month, per day) and you had started with that when Columbus discovered America, you still had not 1 billion!

    • towerful@programming.dev
      9·
      10 months ago

      If you made $61k per day for a 45 year career, you would make ~$1bn.
      So, that’s like a decent yearly salary PER DAY, from the age of 20 to the age of 65.

      If $61k per year can support someone for a year, that career would support 365 people for 45 years.
      And that’s just $1bn over a full career.

      If you earned $1bn per year, that could support 16,425 per year on a $61k salary. Thats a town of people.

    • m13@lemmy.world
      331·
      10 months ago

      Capitalism literally rewards and enforces narcissism, sociopathy, exploitation, greed, destruction, and violence.

      Cool system guys.

  • ddnomad@infosec.pub
    27·
    10 months ago

    We apologize, but your web browser is configured in such a way that it is preventing this site from implementing required components that protect your privacy and allow you to view and change your privacy settings. This functionality is required for privacy legislation in your region.

    We recommend you use a different browser or disable the “EasyList Cookie” filter from your “Content Filtering” settings (found under “Settings” -> “Shields” in the Brave Browser

    lol

  • Twentytwodividedby7@lemmy.world
    5531·
    10 months ago

    ITT: a bunch of people who don’t understand how dividends work on stock ownership. He’s not collecting a salary, Microsoft is not actively paying him, he’s just an investor who owns a shit ton of stock.

    • Kiwi@lemmy.world
      739·
      10 months ago

      Or, a bunch of people who are over the inequality in our world regardless of how the person comes by the money.

      I don’t care if Microsoft pays him a salary or not, hoarding that much wealth is a mental illness that can only be cured by a guillotine

    • TheDoctorDonna@lemmy.world
      51·
      10 months ago

      Income is income, and billionaires already have too much of it. Not everyone enjoys taking it rough from corporate America.

      The only people who should have stake in a company are those who work there.

    • BringMeTheDiscoKing@lemmy.caEnglish
      3·
      10 months ago

      The stock market is perverse.

      It is supposed to be a tool that allows people to support promising ventures that they believe in, and allows them to profit from the venture if it is successful.

      Instead it’s a race to the bottom, where companies have a feduciary duty to their investors to make them as much profit as possible. This is the ultimate driver of enshittification.

      Adam Smith was a smart guy, but he never saw Milton Friedman coming.

  • YoorWeb@lemmy.world
    23·
    10 months ago

    Developers, developers, developers, developers, developers, developers, developers…