Why can't Elon Musk give everyone some of his money?

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DuckHairback
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10 Jun 2023, 8:51 am

I can never get around the psychology it must require to think that you're the best custodian of that sort of money.

I can understand wanting to have no financial restrictions on your life, but some people, like Elon Musk are getting so far beyond that it's mind blowing.

I wonder if they ever consider the liklihood that someone else could make better use of it than them? I wonder if that thought ever crosses their minds. And if it does, what would be their response?


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naturalplastic
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10 Jun 2023, 8:57 am

babybird wrote:
naturalplastic wrote:

Actually that IS rather depressing...that so many fall for it.

If I had a billion dollars could I give ...a billion people...a billion dollars each?

I would think that even a schoolchild we INSTANTLY see that I could only give each of them one buck. :(

Oh well.


Yeah but he's got 152 billion.


So... the billion (in the dollars), and the billion (in the number of people) would cancel out. So any school kid would instantly see that ...that makes distributing 152 billion to 7 billion people the same math as distributing 152 dollars to 7 people. Resulting in each person getting a little more than twenty bucks each.



DuckHairback
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10 Jun 2023, 9:04 am

It helps me to reverse the maths to understand this.

I mean, if you wanted to give 8 billion people a dollar each you'd need $1 x 8bn.

So if you wanted to give them a billion dollars each you'd need $1bn x 8bn.

And Musk has $1bn x 152, apparently. He's way short.


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babybird
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10 Jun 2023, 9:07 am

OK I'm slowly getting it now. It's twisting my f*****g melons man.

This is a lot to come to terms with


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Joe90
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10 Jun 2023, 9:23 am

Yes, it's insulting to compare our maths knowledge with school kids, like we're incapable or something. It's why I don't correct people's spelling in case they feel insulted.


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10 Jun 2023, 9:28 am

I very rarely take things personal on WP to be fair. Especially when it's people who I've known for a while.


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mrpieceofwork
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10 Jun 2023, 10:15 am

There is/was a website that had you side scroll along, as it showed you just how much the wealthiest "fraction of the whole" hoarded (I don't remember how many ghouls it covered, nor what the monetary cut-off was, but it wasn't many ghouls, and the amounts of their hoarding either stopped with the billionaires, or multi-millionaires ???) ANYWAY, as you scrolled, you saw blocks of the "money" (capital assets, etc.) they had, juxtaposed with the costs of covering the basic needs for large portions of the total number of People on Earth. Needless to say, their combined hoarding was more than enough to bring suffering to an end, and it would also be the basis to create systems to ensure that suffering became a thing of the past.

Oh, and another phrase I like to use, is:

Stop Enabling Rich People (IOW, stop working for them)


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naturalplastic
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10 Jun 2023, 1:32 pm

mrpieceofwork wrote:
There is/was a website that had you side scroll along, as it showed you just how much the wealthiest "fraction of the whole" hoarded (I don't remember how many ghouls it covered, nor what the monetary cut-off was, but it wasn't many ghouls, and the amounts of their hoarding either stopped with the billionaires, or multi-millionaires ???) ANYWAY, as you scrolled, you saw blocks of the "money" (capital assets, etc.) they had, juxtaposed with the costs of covering the basic needs for large portions of the total number of People on Earth. Needless to say, their combined hoarding was more than enough to bring suffering to an end, and it would also be the basis to create systems to ensure that suffering became a thing of the past.

Oh, and another phrase I like to use, is:

Stop Enabling Rich People (IOW, stop working for them)


Who else ever employes anyone other than rich people? :lol:
Or rich organizations?

When was the last time a poor person offered you a paycheck?

=======

But yes...if Elon really does have 152 billion dollars in his mattress to run his fingers through then that would be equal to the GNP of five percent of the entire continent of Africa (population 1.39 billion). So he has a bank account equal to what five percent of Africa (70 million) average Africans live on for a year.



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10 Jun 2023, 1:59 pm

Joe90 wrote:
ocean wrote:
Image


Yeah that was the meme. Why would it be so wrong?


Ok.

If you have 152 apples and 7 Billion people, can you give each person an entire apple and still have 145 apples left? :?

Answer: No. You can only give each person a tiny fraction of an apple because that's how math works. If you only have 152 of something, you can't give a whole one to each of 7 BILLION people. You could only give a whole apple to each of 152 people, and then you'd have Zero apples left. Or you could give 7 people an entire apple and have 145 apples left. etc. But to do what the meme claims is impossible.

It's either been created by someone who cannot do math at all (unlikely) or created by someone who thinks it's funny to trick people who cannot do math in order for them to get all riled up at elon musk for whatever reason or another.


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naturalplastic
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10 Jun 2023, 2:11 pm

Lets call it 140 apples... for seven people. Each person gets 20.

But if its seven billion people ...but still just 140 apples...than each gets 20 billionths of ONE apple, or one 50 millionth of an apple.

So if you're lucky...you would get one fructose molecule. But thats the good part! :D :lol:



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10 Jun 2023, 2:36 pm

The People who actually do ALL THE WORK, is who "provide the jobs"... the ghouls born into wealth and who merely buy enterprises and such and attach their names to it all, Musk being the most glaring example of that, do nothing but reap the profits from ALL THE WORK done by the WORKERS.


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Joe90
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10 Jun 2023, 5:12 pm

The meme said 150 billion dollars. I know it's impossible to share 8 billion with just 150.


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goldfish21
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10 Jun 2023, 5:23 pm

Joe90 wrote:
The meme said 150 billion dollars. I know it's impossible to share 8 billion with just 150.



Uhhh, Okay.

I said 152 apples instead of 152 Billion just to make it a tangible reference & quantity of a thing vs. what must be coming across to you as an abstract number or something like that.

Whether apples or Billions, there are only 152 of the thing to distribute. You can't give 7 Billion people each an entire thing and have 145 left over if there are only 152 things to divide amongst the 7 Billion people. Divided equally, each person would only have a very tiny fraction of 152 things divided into 7 Billion parts. If you're to have 145 things leftover, then that means they only distributed 7 things (whether apples or Billions makes no difference).. and 7 things split amongst 7 Billion people means each person received 1/Billionth of a thing (1/1,000,000,000) NOT an entire thing/apple/Billion. 1 Billionth of a Billion Dollars is $1 for each person.

Reverse the math: $1 each X 7 Billion (people) = $7 Billion dollars distributed. That's the 7 Billion out of 152 Billion that left 145 Billion left for elon.

Clearer?


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10 Jun 2023, 6:17 pm

I had to read it twice before I realised what was wrong. Personally I have similar issues to Joe, so I know it can be intimidating when you're faced with large numbers and you are tasked with figuring out which is smaller / identifying the problem. It can be easy to read a statement and not see the issue because the information doesn't fully register. Admittedly I'm always forgetting how much a billion is for example.

Essentially, what you're sharing is smaller than the group you're sharing it with. So, to take the apple comparison here for a moment, if you were to share those apples with the group and you were to do it completely equally, then everyone would only end up with a little bit of apple peel / only enough to feed a small fly - everyone could technically earn a little bit of money, but the amount would be so small it wouldn't make much difference.

I hope this doesn't come across as condescending. That was not my intention. However, I must admit that when I saw Goldfish's post my mind just went 'AAAAAAAA' and I had to remind myself not to be put off by the all the dividing and multiplying going on there. I find it much easier to understand all this stuff when I see it as a diagram.


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Joe90
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10 Jun 2023, 6:39 pm

I sort of get it now but my brain still hurts when I try to comprehend it.

So giving 7 billion people 7 billion dollars each is 7 billion times 7 billion, which is...4.9e+19 (I done it on an online calculator and copied and pasted the answer to here). I think the +19 bit means 19 zeros. I don't know what the "e" means but it looks like a large number.


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babybird
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10 Jun 2023, 6:56 pm

Yeah I've gave up with that now.


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