Daughters really do share deep rooted emotional trauma with/inherit deep rooted emotional trauma from their mothers and I know it’s true bc whenever I try to approach a sensitive topic with my mom, no matter how calm and civil and patient I intend to be no matter how much I’ve practiced what I want to say no matter how OK I was even a moment before, I always involuntarily burst into desperate, angry hysterics the moment I open my mouth. As though it’s coming from a place buried so far within me I cannot even register its existence until it has overtaken me. And I know I’m not alone on this either. There is so much we internalize from our mothers that we never learn to contend with. That we never even learn to recognize
At least Bill Gates chilled out and gave away some money when he neared $100 billion, Jeff Bezos is just out here raking in cash and donating nothing
100 BILLION
WHAT THE FUCK
Jeff Bezos has $105 billion now lol
literally was does one do with all that money literally nobody can even spend that much money in a lifetime
If Jeff Bezos spent ten million dollars every single day it would take him 27 years to get down to his last million
Yeah no, this is a perfect example of what they don’t teach in schools about the wealthy and the “capital” part of capitalism. (Or compound interest but ehhh I’ll simplify)
Let’s start with the most ridiculously conservative version of where Jeff Bezos keeps his money. (Also let’s lose a quick $5b and say he has $100b rather than $105b, for simplicity.) Now, let’s say he keeps $100b in a savings account that earns 1% interest, compounded annually.
(Let me make it clear that both the rate and the percentage are ridiculously low and nobody would do this ever, especially with one hundred billion dollars. This is for educational purposes only.)
So, that means, at the end of the year, he’ll have “earned” a billion dollars just for having this much money in this particular savings account.
I put quote marks around “earned” because he didn’t work for it. He got money for having money. HE GOT A BILLION DOLLARS FOR HAVING A HUNDRED BILLION DOLLARS. (And again I remind you that this is the absolutely ridiculous lowest version for explanation’s sake.)
So in this example, if he spends $10m a day for a year, that’s $3b650m he spends in one year. BUT HE “EARNS” BACK A BILLION DOLLARS JUST FOR HAVING MONEY. So he actually only spent $2b650m. (Again, these are not the real numbers; I’m simplifying.) So your span of time has to be much, much longer than 27 years. It’s not that straightforward.
BUT! Jeff Bezos doesn’t keep his $105b in a 1%/yr savings account. He has a diverse portfolio, high-yield interest investments, most likely offshore accounts (I can’t remember if he was in the Panama Papers or not), etc. So if the lowest possible example has him “earning” a billion dollars a year just because he has money, imagine what he’s “earning” just because he has money in a diversified portfolio where he’s getting way, way more than 1% back annually.
He could spend, as the above comment says, ten million dollars every single day, and literally make it all back plus a whole lot more. He would never run out of money.
Try to understand the evils of capitalism here.
A person with $100 billion could spend $10 million a day, every day, for his whole life, and that person would die with more moneythan they hadwhen they began spending $10 million a day.
Extra credit: find out how much the people who work in the Amazon shipping centers are making. Let those figures sit in your brain for a few days. You get 5 extra credit points if your head doesn’t explode.
we should make fun of americans more. why dont their shops include tax in the price tag. like how much does this item cost? its a surprise :)
Honestly, tea. I’ve lived here my whole life and I have never once known what my total is gonna be at the register. Total fucking mystery.
im an ex-american living in new zealand for the past two years and it still never fails to blow my mind that i can take a $2 coin, walk up to a counter with two $1 items, and perform the expected transaction
i can’t wait till i’m boring and old and rooting for my kids to go raise hell, fall in love, fuck up, spread kindness, and break rules. bc i remember what it’s like to be their age and feel every emotion at once for the first time and i miss it.
i miss being naive and inexperienced to where almost any thing i did was new. drinking for the first time, making out for the first time, getting your first paycheck and BLOWING it, when you’re finally old enough to go to the movies, smoking weed with your friends when your parents probably gave you a little too much freedom bc they had no idea what you were doing, that first car ride alone after you get your license, the anticipation of the final bell ringing to get out of class, or the feeling i had when i first held my boyfriends hand in his car how it felt like stars shooting in my stomach.
growing up really is a great thing you don’t really grasp to think about until you’re in the midst of it all. until you’re missing that feeling after its long over. i would give a lot to feel a couple things twice.
being an adult and in your right mind with your life together is cool and all
but being a teenager who lives for moments of just feeling alive and experiencing shit was pretty damn cool too.
