News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Not even that. He earned $10.2m/year. So $50k would be .49%. Don't miss the decimal point there. $50k is slightly less than 1/2 of a percent of his annual salary.
If he never took PTO and worked 5 days a week and 8 hours a day for the entire year (admittedly, CEOs can frequently need to work more than than 40 hours a week) he would be earning $4903/hour. So this $50k bounty offer represents slightly more than 10 hours of what they pay the CEO in salary.
Ok, this is a much better perspective. And he was "just" a millionaire, now what about billionaires...
This term "millionaire" being synonyms with "rich" really needs to be updated for 2024 with all of the inflation by now. A household that saved $1m by the time they retire at age 65 would technically be "millionaires". That would give the household $81k/year. $81k/year to spend for a household in retirement isn't bad, of course, but I don't think anyone would look at that household and think that the couple living there would be considered "rich".
Now that one is absolutely still "rich" by every measure.
Not rich, but 81k/year is just under twice what I’m making right now ;-;
Then you're making more than that millionaire household (remember thats at least two people), and that's after they've spent their entire life working and saving.
You are more "rich" than those millionaires because you're one person, and likely have decades more to earn increasingly higher salaries and save. For them, its over. That is the most amount of money they have for the rest of their lives. There's no more income from salaries after retirement.
That’s crazy because while livable I wouldn’t call my financial situation super comfortable. Maybe if I wasn’t paying rent though
Housing costs don't go away when you own a paid-off home. You still have to pay for property taxes and insurance in addition to the costs of upkeep on the home. This is part of the reason its so difficult to get ballot measures passed that rely on property taxes. Fixed income seniors aren't getting any more money, and they are trying to make their money last for the remainder of their lives (with no idea when exactly they'll die and it will be okay to be out of money).
They also get to watch their savings drop in value over time as inflation chips away at it.
All of this happens at a time of life when your medical costs are sky high from your body failing from age or treatment to continually treat chronic conditions.
Getting old isn't for the faint of heart.
About $27k per minute for Musk.