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First screenshot, NY Times story from October 14th this month about how Washington Post is losing $100m a year and they’re very happy to have added 4000 subscribers.
Second screenshot, a few weeks later after Jeff Bezos set fire to his own company.
# How many lines of code to show our love for coders?
print("Just one: 🇪🇺 ❤️ 👨💻👩💻")
On #WorldCodingDay, we celebrate your passion and commitment to code an innovative, open digital society.
We are here to help with:
🔹 The Digital Markets Act, ensuring fair access to essential platform services and promoting interoperability.
🔸 The Digital Services Act, protecting your fundamental rights online.
Europe's new digital rulebook is the source code.
You are the compiler that brings it to life.
#budapest #photography #hungary
Posted into Discover Budapest and Hungary 🇭🇺 @discover-budapest-and-hungary-msecchi
@eleder Cómo decirlo: te lo explico y lo entiendes a la primera.
@fasterandworse I typically respond, "It's just a tool, like a hand grenade."
Schwarze Löcher als Quelle Dunkler Energie: Himmelsatlas liefert neue Indizien
Vor einem Jahr sorgte eine radikale Hypothese zur Herkunft der Dunklen Energie für Aufsehen. Nun legen die Verfechter neue Hinweise dafür vor.
This DIY Halloween costume turns you into the world's scariest animal https://www.npr.org/2024/10/29/g-s1-30319/halloween-costume-scary-animal-mosquito?utm_source=dlvr.it&utm_medium=mastodon
To put a billionaire in perspective, it's more interesting to think about the income than the capital. You can get a 5% annual return from some fairly low-risk investments (and you can further reduce risk by spreading your money across a load of these). You can often get higher, but 5% is a fairly good baseline.
If you start with $1bn and do nothing clever, you can get an income of $50 M per year by doing nothing. Even with the kind of 95% tax rate that we had for the highest income levels when The Beatles sang about it, that leaves you with $2.5M/year in income.
That's enough to buy a nice house every year, with no mortgage. It's a disposable income of almost $7K. It's enough to take a first-class transatlantic flight every day.
And that's just one billion.
Even with a 95% tax rate on investment income and a conservative investment strategy, someone with a billion dollars would have a daily disposable income that's more than the monthly income of anyone in the bottom 99% of earners, without having to work.
Now try these calculations again with real tax rates and Musk or Bezos' wealth.
