At $1000 a second...

[GeneralHankerchief]

So, in a random turn of conversation I had today, the topic came up about how awesome it would be to make $1,000 a second (ignoring the natural inflation effects). Being the nerd I am, I decided to do some calculations to see how far this would go, and at the end of my final calculation I stared as the realization dawned over me.

In one minute, you make $60,000, which could pay off so much tuition. It's also a year's salary (more than a year's salary) for a lot of people.

In one hour, you make $3.6 million. This is enough to set aside and ensure that you will never have to work for the rest of your life.

In one day, you make $86.4 million. You could buy and sell all but the largest companies with this kind of money.

In one week, you make $604.8 million. This is larger than the 2008 GDP of 19 countries (CIA World Factbook via Wiki).

In one 31-day month, you make $2.67 billion. By comparison, the estimated value of the Dallas Cowboys is $1.612 billion.

In one year, you make $31.5 billion. This would make you the seventh-richest person in the world.

In ten years, you make $315 billion.

So, at $1,000 a second... for ten years... you make less than half of what the stimulus package calls for.

Just thought I'd put that in perspective.

[Sasaki Kojiro]

The conclusion this leads me to is that they should just give all the money to me....

[CountArach]

Hmmm, I never really looked at it that way... that's quite a lot of money.

[Caius]

Some say if that you don't spend 2 dollars per day you will end having 1 millon dollars in 10 years...

[CountArach]

Some say if that you don't spend 2 dollars per day you will end having 1 millon dollars in 10 years...
$2 x 365 = $730
$730 x 10 = $7300

Even with a really good investment, you would be hard pressed to turn that into $1 million. Unless of course inflation took hold.

[Sasaki Kojiro]

Some say if you save a penny a day rainbows will shoot out of your :daisy:

CountArach got there first :wall:

[Papewaio]

In one minute, you make $60,000, which could pay off so much tuition. It's also a year's salary (more than a year's salary) for a lot of people.


It would pay off about 5 degrees in Aus (more if exchange rate is taken into account)... the loans are all indexed to CPI and come out as a tax if you own over a certain threshold of tax.

Stimulus Package... sounds like a sex aid.

The latest Australian one is $42 Billion (about 4.2 pounds UK/ 10 euros), CPI might hit as low as -0.2% at the end of the year... not sure if that means uni loans go down to?

[CountArach]

The l,atest Australian one is $42 Billion (about 4.2 pounds UK/ 10 euros), CPI might hit as low as -0.2% at the end of the year... not sure if that means uni loans go down to?
That's a nice thought...

[Strike For The South]

I would like a penny. Then I would like you to double my money supply everyday for 30 days.

Thank you.

[KukriKhan]

Fine rollup, GH.

What's sad, is to go the other way, and figure out the time required, per taxpaying citizen, to bring the debt incurred to zero... "paid off".

Without doing the long division necessary, I'll estimate: 25 years.

So in 2034, when I'm dead, and my now-6 year old grandson is 31, his country will be debt-free if we don't try to borrow more money in the next 25 years (what are the odds of that?).

[Strike For The South]

Fine rollup, GH.

What's sad, is to go the other way, and figure out the time required, per taxpaying citizen, to bring the debt incurred to zero... "paid off".

Without doing the long division necessary, I'll estimate: 25 years.

So in 2034, when I'm dead, and my now-6 year old grandson is 31, his country will be debt-free if we don't try to borrow more money in the next 25 years (what are the odds of that?).

:sad:

[Papewaio]

$2 x 365 = $730
$730 x 10 = $7300

Even with a really good investment, you would be hard pressed to turn that into $1 million. Unless of course inflation took hold.

Now in Zimbabwe with 200 Billion% inflation it would take like a day to go from $2 to $1 million.

[GeneralHankerchief]

We borrow money to pay off the money we borrowed earlier. Good luck with that.

[seireikhaan]

Bah. Not like we ever pay off the debt completely anyways. Only done that once, and that Andrew Jackson, back when the monetary system functioned completely differently.

However, this is a rather large amount of debt.

[KukriKhan]

:sad:

Sorry sfts. You'll be my age then, and can maybe explain it to my Jake... like: "It seemed to be a good idea at the time. We learned better.".

[drone]

It's a futile exercise, but one can only imagine how President Ron Paul would be handling the situation. ~D

[Xiahou]

Some more rough math. Even if the rosiest stimulus claims are true- 3.5 millions jobs created or saved - it would work out to more than $220,000 per job. Good deal? You decide.....

[CountArach]

Some more rough math. Even if the rosiest stimulus claims are true- 3.5 millions jobs created or saved - it would work out to more than $220,000 per job. Good deal? You decide.....
Well that or you pay that money in unemployment benefits to people - your choice Xiahou.

[Xiahou]

Well that or you pay that money in unemployment benefits to people - your choice Xiahou.No, it's not my choice. :no:
Paying out unemployment benefits to 3.5 million people would almost certainly be the cheaper option by far though. Going by what I could realistically expect (http://www.lsnjlaw.org/english/job/uitdiben/uibencalc/uicalc/uicalc.cfm) in unemployment benefits, $220,000 could likely keep me funded for over 7 yrs.

And again, 3.5 million jobs saved/created is the best case estimate. The fact is, they'll never really be able to prove how many jobs will be created/saved.

Why not just give $200,000 to 3 million random people across the US? That would probably have a decent stimulant effect. ~:handball:
(or maybe $100,000 to 6 million, or $50,000 to 12 million....)

[Sasaki Kojiro]

Because the 12 million people they gave the money to wouldn't volunteer to go rebuild a bunch of bridges and highways? And there wouldn't be money left over to buy concrete and machinery?

[FactionHeir]

Reminds me of the article I saw a while back on CNN on what a trillion really means.

[Husar]

Oh yes, everybody and their father try to explain huge numbers to everybody else now.
It is, however, completely unnecessary considering my bank account.
Governments waste large sums anyway, so do companies, of course we somehow have to pay for all of it but knowing how many elephants one could buy from the money doesn't save us from that. ~;)

[Alexander the Pretty Good]

In one day, you make $86.4 million. You could buy and sell all but the largest companies with this kind of money.
I think there are a surprising number of companies worth more than that, but I otherwise get what you're sayin'.

[Papewaio]

Some more rough math. Even if the rosiest stimulus claims are true- 3.5 millions jobs created or saved - it would work out to more than $220,000 per job. Good deal? You decide.....

Most salary's cost the employer a multiplier. Anything from 2 to 3 times the wage that the peon gets, the employer pays (insurance, pension, desk, toilets, recruiters).

Then you have to factor out of that $220k what percentage goes time vs material.

Assuming more then half goes in wages and overheads
Assume that just $100k of that goes into materials (concrete, steel, PCs, servers... the actual material being used to do the job) etc.
$120k left over. The peon then earns about $40 to $60k per annum, the rest being absorbed in overheads by the company.

[KukriKhan]

In other budget news, as of 20 minutes ago (and 7 months late) California finally has a budget plan that passed http://online.wsj.com/article/SB123503429614220905.html?mod=googlenews_wsj

'Bout time. My State Legislators are virtually useless.

[Gregoshi]

My State Legislators are virtually useless.
On the bright side, by your assesment, at least they have virtue. :laugh4:

[Marshal Murat]

Well, my friend saw this and decided to put on his Republican blog.
The wonders of the internet.

[KukriKhan]

On the bright side, by your assesment, at least they have virtue. :laugh4:

I grant the point, and issue a :laugh4:

Sadly, i'd bet money that most of my Assemblymen would misspell virtue as 'verchew', and define it as 'some thingee about eating vers - whatever those are; poetry paragraphs, or something?'.

[Devastatin Dave]

Well that or you pay that money in unemployment benefits to people - your choice Xiahou.

That's only IF they "create" 3.5 million jobs. I have a feeling Hussien is more full of crap than a Thanksgiving turkey and pulled that number right out of the old anal database.... No Hope, keep the Change...

[Devastatin Dave]

gah

[seireikhaan]

So I take it this means we haven't found a cure for ODS yet?

[KukriKhan]

That's only IF they "create" 3.5 million jobs. I have a feeling Hussien is more full of crap than a Thanksgiving turkey and pulled that number right out of the old anal database.... No Hope, keep the Change...

Kinda like our old pal
https://upload.wikimedia.org/wikipedia/commons/thumb/2/25/Henry_Paulson_official_Treasury_photo%2C_2006.jpg/225px-Henry_Paulson_official_Treasury_photo%2C_2006.jpg
did with the 700B thingee last year.

Socialism. Not just for democrats (or breakfast) anymore.

[Husar]

Well, you get high speed trains, I don't really know what all the rage is about, sell your cars and use the money you save to pay off the huge deficit. Even if you're unemployed, you can save a lot of that unemployment money by taking the trains instead of that expensive car. Won't really help the car industry but I won't cry for them, they can all go and build more trains. :smash: