[–] 10 points 2 years ago* (1 child)

According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. Credit Suisse defines net worth, or “wealth,” as “the value of financial assets plus real assets (principally housing) owned by households, minus their debts.” Source

So, yeah, but only if you've been saving your entire wage and paying no tax for the past 15 years.

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  • [–] 1 point 2 years ago

    Fair enough, you didn't say you condone it. But your comment does read with much more support than I would offer. And asking me which charities I'd donate to... ha! I don't see why that's relevant. Maybe I would do the same, but I don't already have an $800,000/yr base salary.

    More relevant: this windfall would be 250yrs income for me. And on that income I already do donate to charity (albeit probably about 2% of my earnings). If this chump followed my percentage they would be donating 6 whole years worth of my salary on this windfall (plus 1/3 of my salary per year).

    The point is "treating yoself" to $12mil after tax is absolutely obscene whatever way you look at it. Not to mention still sitting on 3x more than that.

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  • [–] 2 points 2 years ago (1 child)

    Share prices don't only fall if the company liquidated stock. They will also fall from something like a mass sell-off because lower and lower prices will be commanded to sell large volumes of stock.

    You know, like the one in the article that talks about the 25% drop in share value.

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  • [–] 1 point 2 years ago

    It's kind of interesting that this franchise grew entirely out of the failure of SimCity in the same space. Now they are the ones fumbling their captive market and I wonder if another city builder franchise is going to spring up soon.

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