It’s Shopify’s Tobi Lutke.
A reminder that he’s behind Build Canada and Build Toronto, and that Build Toronto’s Eric Lombardi is running for the Ontario Librral Party leadership as we speak.
It’s Shopify’s Tobi Lutke.
A reminder that he’s behind Build Canada and Build Toronto, and that Build Toronto’s Eric Lombardi is running for the Ontario Librral Party leadership as we speak.
In the 1970’s, $1 million and you were rich.Today, it’s $10 million and even that is less than a lottery win. The limit would have to be $100 million.
The multimillionaires would end inflation very quickly.
The hell they would. Inflation is what makes them multimillionaires. Once you become that rich, inflation does not affect you. 89%of your income gores to investments, things you WANT to increase in price.
Inflation would steadily decrease their real wealth cap. Wealth includes investments.
Wrong.Inflation increases the value of their investments. The stock market relies completely on inflation to increase profits. Every inflationary increase directly results in increase profits. That is the purpose of inflation.
Right, but I’m talking about the hypothetical in which their wealth is capped at a fixed number of dollars. They’d reach the cap and then raise the ladder up after them.