Why People Resent Billionaires
The reason comes from the healthiest instincts of the free enterpriser….
Just for kicks, let’s try a thought experiment. It’ll rely on simple arithmetic and answer one question: to earn a billion dollars in a year, how much would you have to earn, on average, in an hour. I’ll assume a standard workweek, full-time (40 hours) work. Fewer hours will make this worse, trust me.
Start with how much you’d have to earn in a week. Assume a 48 week year, to accommodate Christmas and New Year’s, and other holidays and maybe your birthday spread across the year. In that case, a billion dollars ($1,000,000,000) divided by 48 weeks would yield $20,833,333.33 million per week.
Do you know anyone who is actually earning that much per week doing recognizably real work, something that meets the genuine needs of others in that arena known as the real economy? If you just assume 50 weeks, the figure is an even $20 million — $20,000,000 per week — which may be easier to work with.
Continuing: how much is that per hour? Assuming a 40 hour work week like we said, the first figure comes o $520,833.33-repeating/hour. The second comes to $500,000/hour.)
Now ask yourself again: is there a job in the world, or an occupation, providing real goods or services, that pays…
