this post was submitted on 17 Oct 2024
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A single billion, when put in terms of money, is enough that - simply invested in GICs and bonds, earning a very, very conservative 1% interest - it would earn you ten million dollars a year in interest alone.
I would challenge you to even come up with a reasonable way to spend ten million dollars a year. By my back of the napkin math you could vacation every single day, living in hotels and eating at fancy restaurants, and still not make a dent in that.
Musk has an estimated net worth of $247 billion. You could fine him 99% of his current wealth, and he would still struggle to spend enough that he wouldn't end up increasing his remaining wealth every year.
I would fund multiple forms of art media and have them released for free every year while living on ramen in my leaky apartment
Hello to any billionaires looking for a worthy heir
Now imagine a world where, instead of there being billionaires, everyone had their basic needs met, so artists could afford to focus on creating their art instead of relying on handouts from a capricious god.
But I want to be a capricious god