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$56 Billion vs. $56 Hundred
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winkwinklambonini


Mar 9, 2007, 3:16 PM
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Registered: Sep 16, 2002
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$56 Billion vs. $56 Hundred
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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

Unimpressed


(This post was edited by winkwinklambonini on Mar 9, 2007, 3:22 PM)


curt


Mar 9, 2007, 5:01 PM
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Registered: Aug 26, 2002
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Re: [winkwinklambonini] $56 Billion vs. $56 Hundred [In reply to]
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math lesson--or social commentary? you decide.

Curt


coopershawk


Mar 9, 2007, 5:11 PM
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Re: [winkwinklambonini] $56 Billion vs. $56 Hundred [In reply to]
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Not doing too bad for a Silicon Valley pirate.


madriver


Mar 10, 2007, 8:58 AM
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Re: [coopershawk] $56 Billion vs. $56 Hundred [In reply to]
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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


reno


Mar 10, 2007, 9:15 AM
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Re: [coopershawk] $56 Billion vs. $56 Hundred [In reply to]
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coopershawk wrote:
Not doing too bad for a Silicon Valley pirate.

And a college dropout.


camhead


Mar 15, 2007, 2:18 PM
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Re: [reno] $56 Billion vs. $56 Hundred [In reply to]
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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?


jpdreamer


Mar 15, 2007, 2:27 PM
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Re: [winkwinklambonini] $56 Billion vs. $56 Hundred [In reply to]
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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.


Partner j_ung


Mar 19, 2007, 12:30 PM
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Re: [camhead] $56 Billion vs. $56 Hundred [In reply to]
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camhead wrote:
well then, it only makes sense that, should he get a standard $80 speeding ticket, he should pay a fine of $800 million, no?

And 20,000,000 for the domestic beer special.


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