Wealth beyond any imagination

[Jobby]

Not really sure where to post this but just seen this on t’internet….

It’s the year 80,000 BC and I am able to save $10,000 EVERY DAY !!!! (Let’s ignore interest)

I would still not be as rich as Elon Musk.

Just let that sink in before you shoot me down as being irrational.

 

[japancool]

I would still not be as rich as Elon Musk.

Yes, you would. You would have $292 billion by the year 1AD.

Musk is currently worth $245 billion.

By 2000, you would have $299.5 billion.

 

[ctrlbrk]

and the point of this thread is ... ?

 

[WaveJumper]

Someone with nothing else better to do than dream

 

[cjd]

I suppose we could speculate on whether anyone should be allowed to accumulate so much personal wealth that they can't possibly spend it while others in the same society live in poverty.

I was startled to hear that Shohei Ohtani, Dodgers: got $700 million for playing baseball and some golfers getting $100m+ to join LIV (Tiger Woods offered $800m). For playing games!

We live in a crazy, broken world.

 

[wayzgoose]

Not really sure where to post this but just seen this on t’internet….

It’s the year 80,000 BC and I am able to save $10,000 EVERY DAY !!!! (Let’s ignore interest)

I would still not be as rich as Elon Musk.

Just let that sink in before you shoot me down as being irrational.

Think you need to get your calculator out !

 

[HFE Signs]

But would it really make you happier? Probably not, if you and your family have your health and enough money to do most of the things you want then you're rich already

 

[IanSuth]

well my son has a well paid job because the Gates's put a load of theirs into a charitable foundation that funds health projects worldwide - particularly non trendy things

So he is doing health economics work around sleeping sickness/tsetse fly eradication in sub Saharan Africa funded by the Melinda Gates foundation

So it isnt about how much it is about how it is used

 

[japancool]

I was startled to hear that Shohei Ohtani, Dodgers: got $700 million for playing baseball

Over a number of years, to be fair.

 

[japancool]

So it isnt about how much it is about how it is used

I'm not holding my breath for Elon Musk to do the same.

 

[DontAsk]

I suppose we could speculate on whether anyone should be allowed to accumulate so much personal wealth

Idiots like Musk shouldn't.

 

[AlanJ1]

For playing games!

And this is where I disagree on "games" they are sports and require an unbelievable skill level to get to the top of the sport.

 

[japancool]

And this is where I disagree on "games" they are sports

I thought baseball was insomnia therapy.

 

[AlanJ1]

I thought baseball was insomnia therapy.

Ha. This guy in merchandise alone brings 50-75 million back in.

 

[WaveJumper]

I'm not holding my breath for Elon Musk to do the same.

Elon happens to be the second biggest donator to charities in the world

 

[japancool]

Elon happens to be the second biggest donator to charities in the world

You reckon, do you?

Here’s Where Elon Musk’s $5.7 Billion Gift Likely Went

The world’s richest person has historically been stingy when it comes to making charitable gifts. Here’s the most comprehensive look yet at his donations to date.

www.forbes.com

 

[cjd]

And this is where I disagree on "games" they are sports and require an unbelievable skill level to get to the top of the sport.

Is the 'unbelievable skill level' of an individual hitting a ball with a bat worth paying someone $700m more than, I dunno, a district nurse or a tiddlywinks champion? It seems to me that society has lost the plot.

 

[Mark T Jones]

Why would anyone get hot under the collar about what someone they have never met earns - or how they spend it?

My view - if its above-board and legal best of luck to them.

Economically, I hope that rather than stash it away, they recirculate it (ie spend it)

Buy shit
Employ people
Invent/create stuff
Take risks.

When it comes to charity, I'm a huge believer that the truly charitable ones don't talk about it (George Michael), whilst the ones who shout loudest- EG supermarkets- are often not contributing anything, but bullying their suppliers into doing so.

 

[AlanJ1]

Is the 'unbelievable skill level' of an individual hitting a ball with a bat worth paying someone $700m more than, I dunno, a district nurse or a tiddlywinks champion? It seems to me that society has lost the plot.

Can't compare a sports person to a nurse. As much as I would love to pay all of them more than they get (by a considerable amount) the money comes from a budget.

Sports people are paid (in almost all occasions) by private organisations. The Japanese who is being paid $700 over 10 years in merchandise revenue alone generates $50-60m a year. Sports are just businesses.

 

[Maxwell83]

Can't compare a sports person to a nurse. As much as I would love to pay all of them more than they get (by a considerable amount) the money comes from a budget.

Sports people are paid (in almost all occasions) by private organisations. The Japanese who is being paid $700 over 10 years in merchandise revenue alone generates $50-60m a year. Sports are just businesses.

Agree. A person's value for salary purposes is loosely based on their financial value to the entity that pays them. It has literally zero correlation to their value to humanity.

Society often conflates the two and we hear statements like "nurses should be paid what footballers earn", but sadly a nure just doesn't generate enough financial value to justify that kind of money. A premier league footballer does.

Whilst value to humanity is subjective, a person's finanial value is not that difficult to calculate and is fairly objective. Its just cold, hard numbers.

 

[cjd]

Can't compare a sports person to a nurse. As much as I would love to pay all of them more than they get (by a considerable amount) the money comes from a budget.

Sports people are paid (in almost all occasions) by private organisations. The Japanese who is being paid $700 over 10 years in merchandise revenue alone generates $50-60m a year. Sports are just businesses.

Well of course I'm aware of all that, we live in a liberal, free(ish) market economy which values competition and wealth creation.

But we also regulate wealth through taxation and competition law - amongst other things - and they are political choices. We make decisions about wealth distribution in our societies. Some economies, like the Scandinavians, have fairly narrow wealth inequalities and the USA has incredibly high wealth inequality. The Scandinavians are also amongst the happiest people on the planet. It's a correlation not necessarily a cause but I'd bet on the conclusion.

I'd prefer to live in a society that allowed personal wealth creation through personal effort but capped it at somewhere below the obscene and distributed the difference to higher pay for low paid workers. I'd like to decide what's obscene ;-)

 

[JEREMY HAWKE]

Its understandable that you want to be as rich as Elon but what if I said you could be 10 per of his wealth
Would you like that?

hsinroc ytsap named from the Esperanto term Pilyek meaning accelerating growth from the low investment that you have ie Yourself could bring you a portfolio that you thought was beyond your reach

I have started to achieve the things that were out of reach to me running a normal business and I would like to invite you to join me
Just post your interest underneath
Hope this helps

 

[japancool]

hsinroc ytsap named from the Esperanto term Pilyek

Bet it doesn't work as well as egasuas llor.

 

[Bob Morgan]

Not really sure where to post this but just seen this on t’internet….

It’s the year 80,000 BC and I am able to save $10,000 EVERY DAY !!!! (Let’s ignore interest)

I would still not be as rich as Elon Musk.

Just let that sink in before you shoot me down as being irrational.

Good heavens! - Could 'Electric Jesus' be guilty of promoting 'Alternative Facts?'