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re: Who wants to be a billionaire?
Posted on 6/27/19 at 1:32 pm to OweO
Posted on 6/27/19 at 1:32 pm to OweO
quote:
Read an economics book son.
If everyone had at least $1 billion, then, yes, everyone would be a billionaire; however, being a billionaire would not make you a rich person. Learn logical reasoning, child.
1
Posted on 6/27/19 at 1:32 pm to Wtodd
The funny part is that there is a certain percentage of people that think economically this is even possible. Wonder what that percentage is? 
This post was edited on 6/27/19 at 1:36 pm
Posted on 6/27/19 at 1:35 pm to guedeaux
quote:
If everyone had at least $1 billion, then, yes, everyone would be a billionaire; however, being a billionaire would not make you a rich person. Learn logical reasoning, child.
Logical reasoning should have been implied in my comment... If everyone had a billion dollars, they would not be able to live the life of a billionaire.
Posted on 6/27/19 at 1:36 pm to Wtodd
quote:
NASA headed towards giant golden asteroid that could make everyone on Earth a billionaire
Yeah, except supply and demand is a bitch of a hurdle to overcome.
Posted on 6/27/19 at 1:38 pm to 1BIGTigerFan
Am I missing something?
You guys are forgetting that the rest of the world wouldn't get billions.
These dirty arse frickers would put it in a government account to be used to take care of Americans forever. We'd talk about trannies while they siphoned it off for decades.
Then, our top 5% would be billionaires while the rest of us sat at home getting the free shite that makes us lazy.
You guys are forgetting that the rest of the world wouldn't get billions.
These dirty arse frickers would put it in a government account to be used to take care of Americans forever. We'd talk about trannies while they siphoned it off for decades.
Then, our top 5% would be billionaires while the rest of us sat at home getting the free shite that makes us lazy.
Posted on 6/27/19 at 1:42 pm to Wtodd
Posted on 6/27/19 at 1:42 pm to Wtodd
quote:
In total, it's estimated that Psyche's various metals are worth a gargantuan $10,000 quadrillion
A decent down payment on Democrat policies.
Posted on 6/27/19 at 1:44 pm to Wtodd
Would most likely drive the price of gold, silver, and platinum along with whatever else they pulled from that rock way down in price.
We use these precious metals in many forms of technology. With them being cheaper and more readily available more discoveries and other forms of technology would increase in likelihood.
We use these precious metals in many forms of technology. With them being cheaper and more readily available more discoveries and other forms of technology would increase in likelihood.
Posted on 6/27/19 at 1:45 pm to Wtodd
So a loaf of bread cost $80,000 now. Sounds like we are in same boat we are in now. Doesn’t work like that
Posted on 6/27/19 at 1:46 pm to Wtodd
quote:
Well NASA may make all of us billionaires.
quote:
Finally getting some of our tax $$$ back
Where does it say that if they did mine it they would give everyone, if not anyone, a piece of it?
Posted on 6/27/19 at 1:50 pm to Wtodd
As supply goes up, demand goes down. Economics 101.
It would nice to get a gold shitter though. Always dreamed about that
It would nice to get a gold shitter though. Always dreamed about that
Posted on 6/27/19 at 1:51 pm to Landmass
quote:
FYI - if everyone on Earth was a billionaire, the inflation would be...
...
...
Out of this world.
Posted on 6/27/19 at 1:58 pm to Landmass
quote:
The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 15th century and the first half of the 17th century, and most specifically to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly sixfold over 150 years. This level of inflation amounts to 1–1.5% per year, a relatively low inflation rate for modern-day standards, but rather high given the monetary policy in place in the 16th century.[1]
Generally it is thought that this high inflation was caused by the large influx of gold and silver from the Spanish treasure fleet from the New World, including Mexico, Peru, and the rest of the Spanish Empire.[2](p70)
Posted on 6/27/19 at 2:05 pm to Dire Wolf
quote:NASA should be a top 3 funded institution.
NASA loves to bait trumps dumb brain into more finding.
Space travel is integral to the future survival of our species.
We need to break that barrier before we do something stupid as a species.
Posted on 6/27/19 at 2:48 pm to Oilfieldbiology
quote:
If everyone’s a billionaire
what will the minimum wage be?
Posted on 6/27/19 at 2:50 pm to KCM0Tiger
quote:
Yeahhhhhh that’s not how economics work unfortunately
No shite, right?
That much would make worth about as much as beach sand.
Posted on 6/27/19 at 2:54 pm to Oilfieldbiology
(Most) everyone is approaching this backward, if the gold was retrieved and shared equally among say just Americans we wouldn't be billionaires because the price of gold would tank to that of say copper.
Posted on 6/27/19 at 3:07 pm to OweO
quote:There is simply no ceiling to your dummyness.
There is no such thing as everyone being a billionaire. Can't happen.
Posted on 6/27/19 at 3:24 pm to Wtodd
Sadly, it will cost NASA $20,000 quadrillion to harvest it.
Posted on 6/27/19 at 9:39 pm to Wtodd
We already are on the OT.
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