#11
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It takes a thousand billion to equal one trillion and we owe over 14 trillion. So essentially we would need over 14-thousand billionaires to invest and MOST billionaires only have between 1-10 Billion. Only a very few have higher; such as Bill Gates who has 56 Billion. So on average each Billonare would be giving 35-50% of their entire wealth if they were to invest 1 billion. If Bill Gates wanted to give a billion for this cause it would be 1.78% of his entire wealth. To put this in perspective, if you were a Millionaire 1.78% of your money is $17,800. That is a lot of money to spend, even for them .. not pennies! Furthermore there is only 403 people who are billionaires in the US (according to Forbes). So if all 403 Billionaires were to invest the 1 billion it would only 403 - Billion and not the 14,000 - Billion we need. That would only be 2.88% of the money we need. Now if every billionaire was to invest a clean 50% of their money it would come out to be $650,000,000,000 (that's 650 Billion) which is only 4.64% of the 14 trillion we need. It is still not practical as you can see, nor would each billionaire be willing to give 50% My calculations are rounded but accurate ..... hope this helps
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#12
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#13
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Yea but the problem is you have to increase debt in order to start paying it off ... it is just a looping mess
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Economics is just screwed up like that. In order to get a credit card, they want a good credit score, but to build up a good credit score, you need a credit card. WTF.
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#15
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As for stocks, it is all about fear; right now people have less faith in the market; if somehow you can reinstall faith the market will go up. The only thing you really have the fear is fear itself! So my point from all this economics is just a whacked out loop but ultimately boils down to supply and demand
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LETS GO YANKEES! CONGRATS ON #4 GIANTS! Last edited by Future Raptor Ace; 08-12-2011 at 01:39 AM.. |
#16
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how about we just switch to a barter system? xD
I really didn't feel like doing the research/math at the moment. Didn't think anyone would either, but good job FRA. That really put into perspective how much worse it is than I imagined. Is there a way that we can repay in services rather than actual money? The US doesn't have much American goods to trade for in comparison to many other countries and the main thing the US is dependent on are services. Just a thought.
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#17
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#18
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<iframe width="425" height="349" src="http://www.youtube.com/embed/Oe0fGXzKb1o" frameborder="0" allowfullscreen></iframe>
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<3
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