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winkwinklambonini
Mar 9, 2007, 3:16 PM
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Registered: Sep 16, 2002
Posts: 1579
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Let's say your lucky, by that I mean you can save money with rent, insurance, etc.. Now you have $5,600 in the bank. Bill Gates III has $56 Billion. Thats 10 million times as much as you. In terms of % of bank account:
Him spending $10 Million is the same as you spending $1.
Him spending $100,000 on a car is the same as you dropping a penny and not bothering to pick it up.
Him giving $300 Million to fight Aids in Africa, is the same as spending $30 on a tank of gas.
You investing $500 in a rack of cams is him spending $5,000,000,000
According to the free market he is 10,000,000 times as productive as you are.
At 5%, he makes $2.8 Billion a year without being productive.
The .8 in the above # represents $800,000,000
(This post was edited by winkwinklambonini on Mar 9, 2007, 3:22 PM)
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curt
Mar 9, 2007, 5:01 PM
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Registered: Aug 26, 2002
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math lesson--or social commentary? you decide.
Curt
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coopershawk
Mar 9, 2007, 5:11 PM
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Registered: Dec 23, 2004
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Not doing too bad for a Silicon Valley pirate.
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madriver
Mar 10, 2007, 8:58 AM
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Registered: Oct 17, 2001
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...crap....and I was feeling pretty good about refusing to pay the $2.00 ATM fee for a $20.00 withdrawal
MaD
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reno
Mar 10, 2007, 9:15 AM
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Registered: Oct 30, 2001
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coopershawk wrote: Not doing too bad for a Silicon Valley pirate.
And a college dropout.
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camhead
Mar 15, 2007, 2:18 PM
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Registered: Sep 9, 2001
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well then, it only makes sense that, should he get a standard $80 speeding ticket, he should pay a fine of $800 million, no?
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jpdreamer
Mar 15, 2007, 2:27 PM
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Registered: Dec 14, 2000
Posts: 232
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A person in america ought to be able to save far more than $5,600. Granted 56,000 is a lot to have just in cash, but that total is counting his stock, not just his bank account, and someone of his age should have at least 56,000 in assets, probably closer to 560,000 in assets once you include the house, stock, pension plans, retirement funds, etc.
That said, he's still rediculously wealthy.
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