The current extreme inequality leads to the grotesque situation that some few people have so much money, that they cannot spend more than small amounts of it at a time, without making it worthless.
T...
After a certain point I think I gets hard to spend the money. Let’s say you have a billionaire alcoholic who likes to travel the world in his private plane and drink the finest wine, stay at the best luxury hotels and villas. Charter yachts for weeks at a time and he brings an entourage of people with him wherever he goes and they go shopping at the highest end luxury stores.
You got 20 million in jet cost, 2 million for wine, 10 million on hotels and villas. 15 million in super yachts, 5 million for entourage, 3 million on food.
Then let’s throw in 20 million on art, 20 million on cars, 20 million on watches/jewelry/handbags. 5 million on clothes.
We’re at $120M/year
With a guy who’s worth 5 billion, he would earn 250 million passively at only 5% investment per year. Meaning after all that he made130 million for the year.
It’s hard for me to even imagine a consumption scenario that’s more extreme than what I outlined.
You got 20 million in jet cost, 2 million for wine, 10 million on hotels and villas. 15 million in super yachts, 5 million for entourage, 3 million on food.
Then let’s throw in 20 million on art, 20 million on cars, 20 million on watches/jewelry/handbags. 5 million on clothes.
We’re at $120M/year
With a guy who’s worth 5 billion, he would earn 250 million passively at only 5% investment per year. Meaning after all that he made130 million for the year.
It’s hard for me to even imagine a consumption scenario that’s more extreme than what I outlined.
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