Thread

1. UltraSane · 1790791074 · focus · HN ↗

   At $32,000 a year per person the Bloomberg Terminal is a deeply unfair advantage for the rich to get richer.

   1. jll29 · 1790798703 · focus · HN ↗

      Not really. If you ran a restaurant instead, you may also have to buy a few thousand dollars worth of ingredients and pay thousands of dollars in salaries per year and renting a venue to make the revenue that you are making. Even a pizza delivery service may need a few thousand dollars a year for a car and its driver plus petrol, taxes, insurance. Relevant is not the cost of doing business, but the annual revenue and margins.

      E.g. $32k cost of business to make $2bn revenue statistically approximates zero.

      1. damontal · 1790821651 · focus · HN ↗

         I googled the ovens used by my local pizza joint and they were 25K each and there were two of them.

         1. CamperBob2 · 1790871164 · focus · HN ↗

            Heck, the espresso machine at your corner Starbucks probably costs almost that much.

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