1 million seconds -> 11.5 days 1 billion seconds -> 31.5 years
[deleted]
What Does One Billion Dollars Look Like?
41–50 of 107 posts
Re: What Does One Billion Dollars Look Like?
#42What will really make it sink in is looking at what the highest paid athlete you know of earns in a year and estimate what their earnings are while they’re just there sitting in the couch, having a meal ($25k accumulates during an average meal) or taking a crap ($2500) - they earn about $200k in their sleep, for example. Then realize they would need to earn that much for 800 years to have as much money as Jeff Bezos.
Intuitively it makes sense that someone that owns a bunch of assets will have tons more money than a performer?
I think the sportsman case is actually harder to accept for most people - “how can someone that ‘just’ kicks a ball around earn $200k sleeping?!”
Re: What Does One Billion Dollars Look Like?
#43[deleted]
Re: What Does One Billion Dollars Look Like?
#44What will really make it sink in is looking at what the highest paid athlete you know of earns in a year and estimate what their earnings are while they’re just there sitting in the couch, having a meal ($25k accumulates during an average meal) or taking a crap ($2500) - they earn about $200k in their sleep, for example. Then realize they would need to earn that much for 800 years to have as much money as Jeff Bezos.
Mindboggling, thank you. Right on that note is one of my favourite tweets on the internet:
> Have you ever considered the possibility that Jeff Bezos just works 130 billion times harder than you?
Re: What Does One Billion Dollars Look Like?
#45Now consider we accrue about $3 billion per day in interest on our national debt.
(I originally posted $300 billion which is a number I heard recently but then realized that couldn't be right).
Re: What Does One Billion Dollars Look Like?
#46What will really make it sink in is looking at what the highest paid athlete you know of earns in a year and estimate what their earnings are while they’re just there sitting in the couch, having a meal ($25k accumulates during an average meal) or taking a crap ($2500) - they earn about $200k in their sleep, for example. Then realize they would need to earn that much for 800 years to have as much money as Jeff Bezos.
Mindboggling, thank you. Right on that note is one of my favourite tweets on the internet: > Have you ever considered the possibility that Jeff Bezos just works 130 billion times harder than you?
It's not about how hard they work, it's about how much value they provide, or the worth of the assets they own if they sell all of their assets without a price crash
Re: What Does One Billion Dollars Look Like?
#47What will really make it sink in is looking at what the highest paid athlete you know of earns in a year and estimate what their earnings are while they’re just there sitting in the couch, having a meal ($25k accumulates during an average meal) or taking a crap ($2500) - they earn about $200k in their sleep, for example. Then realize they would need to earn that much for 800 years to have as much money as Jeff Bezos.
Mindboggling, thank you. Right on that note is one of my favourite tweets on the internet: > Have you ever considered the possibility that Jeff Bezos just works 130 billion times harder than you?
Obviously he isn't working 130 billion times harder, but he may be some combination of 130 billion times as much (privileged upbringing × strategically focused × economically impactful × smarter × harder working × luckier × n other relevant factors) than the typical American, that I can seriously consider.
I also figure he, like Elon Musk, pays orders of magnitude more than his fair share, if we consider the definition for "fair share" to mean everyone pays the same amount of direct cash transfer into the system and gets the same amount of direct cash receipt out of the system.
Re: What Does One Billion Dollars Look Like?
#48"The average American household spent $87,432 in 2021." That number seems awfully high to me? That's more than I am seeing the average household makes in 2023.
Re: What Does One Billion Dollars Look Like?
#49"The average American household spent $87,432 in 2021." That number seems awfully high to me? That's more than I am seeing the average household makes in 2023.
Can’t let silly things like income limit your spending!
For a real answer, I’d assume retired people earn 0 but still spend? So that could change the math
Re: What Does One Billion Dollars Look Like?
#50What will really make it sink in is looking at what the highest paid athlete you know of earns in a year and estimate what their earnings are while they’re just there sitting in the couch, having a meal ($25k accumulates during an average meal) or taking a crap ($2500) - they earn about $200k in their sleep, for example. Then realize they would need to earn that much for 800 years to have as much money as Jeff Bezos.
What is crazy is that they probably pay less taxes (percentage wise) than you and me. If they pay any taxes.
Warren Buffet was famously quoted saying it was otrageous' his Secretary Pays 2x's his Tax rate.
https://finance.yahoo.com/news/billionaire-warren-buffett-ca...