• 1 Post
  • 268 Comments
Joined 1 year ago
cake
Cake day: July 15th, 2023

help-circle







  • elrik@lemmy.worldto196@lemmy.blahaj.zoneREMOVED
    link
    fedilink
    English
    arrow-up
    1
    ·
    25 days ago

    Yes, it’s equally as unrealistic as leaving money idle for 532 yrs.

    The only point I was making was that multiplying $5,000 a day by so many years is a silly comparison as it ignores the dominating factors to building wealth.

    Billionaires shouldn’t exist but also they don’t exist because they stuff X dollars under their mattress every day.


  • elrik@lemmy.worldto196@lemmy.blahaj.zoneREMOVED
    link
    fedilink
    English
    arrow-up
    5
    ·
    26 days ago

    Not really with that amount of time. Suppose you put away $1,000 a year for 532 years, at 3% you still end up with $225 billion.

    The deposits are completely dwarfed by the compounding interest. If you only start with $1,000 and add nothing else but let that original $1,000 compound at 4% you’ll have over $1 trillion.







  • I searched for the actual question text and found:

    Q19a. The immigrants entering the country illegally today are poisoning the blood of our country.

    The split was 14% completely agreed and 20% mostly agreed.

    I’m not as surprised by the results as the headline would have suggested because of the use of the word illegally. It biases the question negatively.

    The 20% who mostly agreed may have agreed with some negative connotation surrounding illegal immigration while ignoring the racism of “poisoning the blood.” In other words, if I put myself in the shoes of someone who feels strongly about securing the border, I could understand how those respondents would lean towards agree simply because of the use of the word “illegal.”

    To further support this interpretation: In the same survey, more than 40% of respondents favor or strongly favor building a wall along the US-Mexico border.

    Maybe I’m just optimistic that only around an eighth of the country is completely crazy and that is just a less clickbaity title.