say you have 100 million dollars. you invest it very safely and conservatively and get a return of 5% per year. you now have a permanent income of 5 million a year, without doing anything to maintain it. 5 million a year is $13,700 per day.
if I were forced to try to spend on average $13,700 a day, I don’t know how I would do it without just giving most of it away. even after I’d satisfied my wildest fantasies there would be so much left over. to have that level of wealth and continue trying to get more should be treated as a mental illness
and that’s only 1% of 1%, i.e. one 10,000th, of a trillion dollars
A while ago, I got a green party hat in Runescape that I sold in the marketplace for around 930 million gold. After I got all the gear I needed, I still had around 930 million. I didn’t know what to do with it, so what I ended up doing was going around to random players, especially newer, lower level players, and I was handing out 5-20 million stacks to them. I did this to probably about 100 or so players and I still have 400 million. I don’t know what to do with it.
The partyhats were a limited time item available through the consumption of “Christmas Crackers”, which you had to open with another player. They were only available for one season way back, and were tradeable. Because they could be traded to other players, and because they were limited, they shot up in price, and their cost only grew as inflation occurred.
I had the goal once of gaining enough gold to purchase the cheapest color (purple, coincidentally my favorite), and by the time I had enough gold, the price had risen by 100x what I had saved.
The company has made a point to not allow any limited-time items to be tradeable since.
Stop thinking about the numbers. Think about what money functionally is.
Money, once you’re rich enough to get/give serious loans not having to do with your immediate needs (food, shelter, etc), is planning points. Its voting shares in how we organize the world. Explicitly, by design, our production and use of resources. Implicitly, and more recently in some places explicitly, our culture.
Do you want a system in which this man has that? Do you want a system in which a mentally I’ll ketamine addicted Nazi with an IQ that wouldn’t crack room temp in Celsius could ever be given such an outsized say in how the world works?
Do you think the next hundred richest assholes are better?
Do you think this is worth the promise, already broken, that if you work hard and save youll be able to sleep inside and have an otherwise nice life?
The promise that there will be men with guns to protect whatever table scraps you’ve managed to snap up from less able scavengers who might envy your station in life?
Do you think any part of these systems, this market fetishism, is rational, or has connection with reality? Is there a single place ‘market’ solutions have been applied that didn’t make everything it touched shitty, surreal, or both?
I do agreed with your point, but I find your rhetoric a bit perplexing. If you want to invoke rationalism, maybe don’t prelude that with egregious exaggerations like ‘room temperature in Celsius IQ’ (20-25)? Also, all of that working up just to land on “Vote blue no matter who” - which basically amounts to harm reduction - and then acting like that’ll solve the problem? You argue like a revolutionary just to advocate for the most moderate action. Or did I miss the part where the Democrats are committed to actually quitting, or at least substantially reigning in, capitalism? Or even stopping people from being trillionaires?
the investment returns on just $10 million would give you at least $250 thousand every year indefinitely (and adjusted upward a bit for inflation every year).
If you do that calculation with $1 trillion, that’s $50 billion in spending money per year, or $137 million per day, $5.7m per hour, $95,000 per minute, $1,600 per second.
If you accumulated $1m per minute, or $60m per hour, guess how long it would take to reach $1 trillion? Well, $60m/hour is $1.44 billion per day, $10 billion per week, so it would be about 100 weeks or 2 full years before you hit $1 trillion. And that’s assuming no investments, nothing but taking the money and throwing the cash into a vault.
$1m per minute, and it’s still 2 years before you get $1 trillion.
What are you going to invest 100 mil in that is ethical and returns 5%? Seems like this is a discussion about wealth inequality. Investing in the stock market doesn’t improve human conditions.
say you have 100 million dollars. you invest it very safely and conservatively and get a return of 5% per year. you now have a permanent income of 5 million a year, without doing anything to maintain it. 5 million a year is $13,700 per day.
if I were forced to try to spend on average $13,700 a day, I don’t know how I would do it without just giving most of it away. even after I’d satisfied my wildest fantasies there would be so much left over. to have that level of wealth and continue trying to get more should be treated as a mental illness
and that’s only 1% of 1%, i.e. one 10,000th, of a trillion dollars
A while ago, I got a green party hat in Runescape that I sold in the marketplace for around 930 million gold. After I got all the gear I needed, I still had around 930 million. I didn’t know what to do with it, so what I ended up doing was going around to random players, especially newer, lower level players, and I was handing out 5-20 million stacks to them. I did this to probably about 100 or so players and I still have 400 million. I don’t know what to do with it.
Must have been a pretty cool hat
The partyhats were a limited time item available through the consumption of “Christmas Crackers”, which you had to open with another player. They were only available for one season way back, and were tradeable. Because they could be traded to other players, and because they were limited, they shot up in price, and their cost only grew as inflation occurred.
I had the goal once of gaining enough gold to purchase the cheapest color (purple, coincidentally my favorite), and by the time I had enough gold, the price had risen by 100x what I had saved.
The company has made a point to not allow any limited-time items to be tradeable since.
Can I haz a gud raider shield plz?
We don’t know how to do it, because we haven’t seen the shit that rich people get up to and what they pay.
Sleep in a four seasons suite and drink fancy wine and I think that’s pretty much it.
Still even I would probably be able to save money if I got 14k a day. Eat the rich.
Stop thinking about the numbers. Think about what money functionally is.
Money, once you’re rich enough to get/give serious loans not having to do with your immediate needs (food, shelter, etc), is planning points. Its voting shares in how we organize the world. Explicitly, by design, our production and use of resources. Implicitly, and more recently in some places explicitly, our culture.
Do you want a system in which this man has that? Do you want a system in which a mentally I’ll ketamine addicted Nazi with an IQ that wouldn’t crack room temp in Celsius could ever be given such an outsized say in how the world works?
Do you think the next hundred richest assholes are better?
Do you think this is worth the promise, already broken, that if you work hard and save youll be able to sleep inside and have an otherwise nice life?
The promise that there will be men with guns to protect whatever table scraps you’ve managed to snap up from less able scavengers who might envy your station in life?
Do you think any part of these systems, this market fetishism, is rational, or has connection with reality? Is there a single place ‘market’ solutions have been applied that didn’t make everything it touched shitty, surreal, or both?
Vote blue no matter who, or this happens again.
I do agreed with your point, but I find your rhetoric a bit perplexing. If you want to invoke rationalism, maybe don’t prelude that with egregious exaggerations like ‘room temperature in Celsius IQ’ (20-25)? Also, all of that working up just to land on “Vote blue no matter who” - which basically amounts to harm reduction - and then acting like that’ll solve the problem? You argue like a revolutionary just to advocate for the most moderate action. Or did I miss the part where the Democrats are committed to actually quitting, or at least substantially reigning in, capitalism? Or even stopping people from being trillionaires?
the investment returns on just $10 million would give you at least $250 thousand every year indefinitely (and adjusted upward a bit for inflation every year).
If you do that calculation with $1 trillion, that’s $50 billion in spending money per year, or $137 million per day, $5.7m per hour, $95,000 per minute, $1,600 per second.
If you accumulated $1m per minute, or $60m per hour, guess how long it would take to reach $1 trillion? Well, $60m/hour is $1.44 billion per day, $10 billion per week, so it would be about 100 weeks or 2 full years before you hit $1 trillion. And that’s assuming no investments, nothing but taking the money and throwing the cash into a vault.
$1m per minute, and it’s still 2 years before you get $1 trillion.
We need a modern Brewster’s millions called Brewster’s Trillions…
What are you going to invest 100 mil in that is ethical and returns 5%? Seems like this is a discussion about wealth inequality. Investing in the stock market doesn’t improve human conditions.