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Who could have forseen the woes of capitalism? (lemmy.zip)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 9 months ago (1 children)

The context of that quote is a little lost, because these days with inflation and housing prices, just owning your own home probably makes you a millionaire.

[–] [email protected] 2 points 9 months ago

I think you meant to reply to my other response where I quoted William Jennings Bryan. If so, you're right, the number has changed. $1M in 1896 is the equivalent of $36.5M today. But it certainly applies to billionaires, and we were talking about them, so I felt that it was relevant.