Theory of Everything on Nostr: Just as a fun thought experiment, Let’s put things in perspective. In developed ...
Just as a fun thought experiment, Let’s put things in perspective.
In developed economies, “poor” is 16,000.00$ a year or less. Median income is around 70,000.00$ a year, And rich is 100,000.00$ a year or more, Up to 400,000.00$ a year. After this point it’s not your money, It belongs to a corporation. 100,000,000.00$ one hundred million dollars, Is where wealthy starts. The opposite spectrum is: Developing economies. 60% of the world lives on 5 dollars a day, And of that 60 percent, 35% live on 1.50$ per day. Imagine being 60 years old with eight grandchildren and growing a crop of tomatoes to trade for 40kg of rice and a couple chickens, And somehow earning 1.50$ per day otherwise.
Now back to the wealthy spectrum. 100,000,000.00 will buy you a small boat in the harbor of Monaco. 60,000,000 will buy a small apartment in Monaco, But you would never live in it, It would just be so you can become a citizen and enjoy a tax free domicile. One hundred million to one hundred billion is not much difference in lifestyle, Just the numbers associated with what you buy are bigger or smaller. It’s above one hundred billion that you start really making waves. This is the spectrum where you start thinking about buying the debt of countries. Where people will literally die in developing economies because of your bad business decisions, Where you are so isolated from the rest of society that living on a Yacht is because there is no way for you to get away from people in “normal” lives that you have to go out to sea.
So do the math. You don’t race formula one, But Max Verstappen is not going to buy the debt of Greece any time soon.
In developed economies, “poor” is 16,000.00$ a year or less. Median income is around 70,000.00$ a year, And rich is 100,000.00$ a year or more, Up to 400,000.00$ a year. After this point it’s not your money, It belongs to a corporation. 100,000,000.00$ one hundred million dollars, Is where wealthy starts. The opposite spectrum is: Developing economies. 60% of the world lives on 5 dollars a day, And of that 60 percent, 35% live on 1.50$ per day. Imagine being 60 years old with eight grandchildren and growing a crop of tomatoes to trade for 40kg of rice and a couple chickens, And somehow earning 1.50$ per day otherwise.
Now back to the wealthy spectrum. 100,000,000.00 will buy you a small boat in the harbor of Monaco. 60,000,000 will buy a small apartment in Monaco, But you would never live in it, It would just be so you can become a citizen and enjoy a tax free domicile. One hundred million to one hundred billion is not much difference in lifestyle, Just the numbers associated with what you buy are bigger or smaller. It’s above one hundred billion that you start really making waves. This is the spectrum where you start thinking about buying the debt of countries. Where people will literally die in developing economies because of your bad business decisions, Where you are so isolated from the rest of society that living on a Yacht is because there is no way for you to get away from people in “normal” lives that you have to go out to sea.
So do the math. You don’t race formula one, But Max Verstappen is not going to buy the debt of Greece any time soon.