Virtually everyone fails to grasp exactly how large of a number a billion is. It’s so, so much bigger than the ”very big number” people think of when they hear the word.

[–] Taalnazi@lemmy.world 27 points 22 hours ago

The difference between one million and one billion is roughly one billion.

[–] beebarfbadger@lemmy.world 12 points 19 hours ago (1 children)

A million seconds is a little over 11 days.

A billion seconds is a little over 31 years.

Billionaires should be required to count out their dollars individually every few days.

[–] TastyWheat@lemmy.world 1 points 2 hours ago

While having someone scream random numbers at them as they count. Fuck em!

[–] skittle07crusher@sh.itjust.works 1 points 12 hours ago

I wonder if world class mathematicians have a much better grasp of it — and yet fail to use their expertise to point out the absurdity of the current wealth inequality

Or do even they, world class mathematicians, not really ‘grasp’ it in this wildly important and urgent sense.

[–] undergroundoverground@lemmy.world 8 points 20 hours ago

100% and, more so, thats not just a billion in cash, of course. Thats a billion dollars worth of stuff that makes you money, that can be sold off for at least a billion, most likely far more.

When people read these valuations, they often think to themselves "surely they can't be worth that much" and they're right. It will always be much, much more. Other than Trump, wealth valuations are always very, very conservative, due to the nature of how they do it, and thats before we get to the fact that they're only estimating their wealth on the assets that are publicly disclosed.

[–] iii@mander.xyz 0 points 15 hours ago

Why's that?