Me

It also ignores the mental toll that poverty takes like maybe your home made veggie filled recipe isn’t crazy expensive but it also involves prep time and cooking time and organization in terms of fresh food that a lotta poor people can’t manage.

Not to mention if you can only afford to get to the store once every couple weeks via bus or cab then you can’t keep fresh veg on deck.

I’m a kid from a blue-collar, working-class background, doing my master’s degree at an Ivy League school. I’m incredibly grateful to be here, and I fully understand that this is an opportunity most people of my upbringing never get to have. Not everyone here is from a rich background - there are other working-class kids, getting by on loans, scholarships and part-time jobs. But for the most part, the people around me grew up very differently than I did, and although I love my friends, there are things about my life and my college experience that they’re just never going to get. Things like:

Money can buy good grades. My wealthier friends aren’t slipping the TAs a wink and a $100 bill on their way out of the midterm, but being wealthier does make it easier to earn better grades. I have to work a part-time job in order to afford my rent, while my rich friends are abstaining from work so they can focus on school. That’s 20 hours per week that they can spend on school, while I’m at my job. Our school is in a neighborhood in Manhattan that I can’t afford to live in - I’m spending at least ten hours per week commuting, while they live steps from campus. That’s all extra time that they can spend studying, or just relaxing and getting the sleep they need to be mentally alert. Many of my friends pay to have a laundry service pick up their dirty laundry and bring it back clean and folded (which is common in NYC). I can’t afford this, so instead I spend hours lugging laundry up and down five flights of stairs, because I can’t afford to live in a building with an elevator. I cook and prepare my own meals, they eat mostly takeout. And so on, and so forth. My life is filled with hours of work, chores and annoyances that they don’t have to deal with, and all of it cuts into my time. We may be taking the same classes and doing assignments that are the same difficulty, but I’m going in with a 40-hour per week handicap that they can afford not to have. 

“Follow your dreams” is a risk some of us can’t afford to take. My old roommate spent long hours agonizing over whether she wanted to major in art history or creative writing. For me, that would be like asking if I preferred a pet dragon or a unicorn. My biggest passion in life is fiction writing, but I can’t justify spending tens of thousands of dollars to study it - I’m paying for my education by myself, and I had to choose a field that would let me make enough money to pay back my student loans and afford my own rent after graduating. My friends can focus on the things that really interest them, without worrying about future career prospects. A lot of them are using their college years to “find themselves” and plan to take some time off to travel the world or work on their art after graduating. Many of them have parents with connections in hard-to-access industries like fashion, publishing, television, or the art world. They can take unpaid internships and go for their shot at a one-in-a-million dream job - if it doesn’t work out, they can move on to something else, no harm done. If I put tens of thousands of dollars into being an author and it doesn’t pan out for me right away, I’m in deep shit. I’m happy for people who are able to follow their true passions, and I wish more people were able to do so without fear, but I’m tired of the pitying looks and condescending lectures I get when I tell my friends why I’m not in school for my greatest passion. I didn’t make that decision because I’m boring, or because I don’t believe in myself hard enough - I made that decision because my parents co-signed on all my student loans, and they could lose their house if I can’t find a job. 

Your “funny mishap” is my “life-changing disaster”. My friends talk about the time that they accidentally got drunk and spent all their rent money at a strip club, or the time that they slept through their final and had to re-take a class. For them, these are funny stories. For me, this would be a life-defining catastrophe that could change the course of my 20s and beyond. If I blow all my rent money, I can’t call my parents to beg for more - I could get evicted, or ruin my credit score. Best-case scenario, I’d probably have to take on so many extra hours at work that I could barely finish my schoolwork. If I sleep through a final and fail a class, I will lose my scholarship and be unable to complete my degree. To my friends, I come across as uptight and overcautious, but I don’t have a choice. The same mistake carries much greater consequences for me than it does for them, and they have a hard time understanding that. I wish that I could be carefree about money, and laugh about accidentally getting drunk and spending $500 on Amazon, but I can’t. It can be hard to tell the difference between “oh shit, this really sucks” and “oh shit, I’m going to be dealing with the consequences of this for years” when you’ve never been on the latter end of the spectrum. Again, I love my friends, and I’m happy that they don’t have to have these stresses in their lives, but it’s hard when they attribute my cautiousness to a personality flaw, and not to the financial reality of my life. 

So there’s been a lot of discussion floating around regarding billionaires and society, and I’ve noticed that most people have no idea what a billion dollars is for practical purposes - people tend to think of it as a vague, nebulous concept of “a lot of money” rather than something concrete you can wrap your head around. This is understandable, considering 1) a billion of anything is really hard to visualize and 2) the average person has no real reference point for an amount of money that large. So I’m going to try to break it down for everyone:

Okay, so imagine you have a billion dollars. What can you actually buy with that?

This is a mega mansion that will have an Imax cinema, a bowling alley, and a spa when it’s fully complete. It costs around 4.6 million dollars.

Now let’s buy one of these in every country in Europe - that’s 50 mansions you now own. So how are you going to travel between all your many homes?

This is a Bugatti Veyron Super Sport, the fastest street-legal car in the world. It has a maximum speed of a face-melting 254 mph and can go from 0 to 60 mph in 2.5 seconds. It costs around 2.5 million dollars.

Let’s buy a dozen of them - you know, in case you total a few of them racing around the highway. But maybe a sports car is still to slow for you:

This is an Embraer Lineage 1000. It’s private jet that can seat up to 19 passengers, and we’re going to buy it for 53 million dollars.

How about a boat? The Tatoosh is a 303 ft private yacht, meaning it’s longer than a football field. We’ll take it for 369 million dollars.

Do you like art? Just for fun let’s buy Monet’s most expensive painting ($90 million) Van Gogh’s most expensive painting ($151 million), and this monstrosity, which is made with 8,601 diamonds and costs 65 million dollars.

Now that we’ve gone on our ludicrous and absurdly wasteful shopping spree, how much money do we have leftover? About 12 million dollars, which is almost an order of magnitude more than the average American with a bachelors degree or higher earns in a lifetime ($1.8 million). So if you for whatever reason decided to buy the 50 houses, 12 sports cars, plane, yacht, art pieces etc. and immediately set them all on fire, you would still have enough cash leftover so you never would have to work again if you so chose. This is what it means to be a billionaire.

But we’re not done yet.

The richest person in the world is Bill Gates, with a net worth of 86 billion dollars. If he liquidated his assets, what could he buy?

Well, for starters, the Burj Khalifa - the tallest man-made structure in the world at 2,722 feet tall, costing around 1.5 billion dollars.

The Large Hadron Collider, the world’s biggest and most advanced particle accelerator for 9 billion dollars.

The Hubble Space Telescope for 10 billion dollars (including 20 years of operating costs).

The Three Gorges Dam, the largest power station in the world, more than a mile wide.

And to top it all off, a fleet of five Nimitz-class aircraft carriers, the largest military vessels ever built for around 8.9 billion dollars each. If you look at the picture very closely you can see the people standing on it for reference.

If Bill Gates bought all of this, he would still have around 2.3 billion dollars leftover. That’s enough to go on the billionaire shopping spree I described above twice over (so 100 mansions, 24 sports cars etc.) and still have hundreds of millions of dollars in the bank when it’s all said and done.

But we’re not done yet.

Currently, it’s estimated that there are 2,043 billionaires alive today, with a combined net worth of around 7.67 trillion dollars.

This is Russia, the largest country in the world, extending more than six and a half million square miles, with a population of more than 144 million people. The United Kingdom could fit inside Russia 70 times.

In 2016 Russia’s gross domestic product was about 1.28 trillion dollars. This means that if the two thousand and some odd richest people in the world - less than half of 0.1% of 0.1% of the Earth’s population - liquidated and pooled their assets together, they could buy every single product and service made in Russia for almost 6 years.

So it’s been just a little bit over a year since I’ve made this post, and holy shit I didn’t expect it to get so many notes… anyway thought I’d make an update. First, a few responses to common criticisms I noticed:

“That house costs more than you said it costs”

I provided sources for everything, I can’t click on the links for you broski.

“The map of Russia is incorrect”

Strange, my bad… didn’t notice until after I posted that the map I used includes Belarus and a few other countries as part of Russia, no idea why they did that, I should have picked a better map.

“Net worth somehow doesn’t count as worth because not all of it is literal stacks of cash”

First of all I distinctly specified that my figures were based on if said billionaires liquidated their assets, but more importantly that’s like sitting on top of a pile of solid gold bars and claiming you’re totally broke because you can’t use them at the supermarket. Seriously, this is just asinine.

*Insert impassioned defense of capitalism here*

Now if you follow my blog it’s pretty obvious that I’m a leftist, but something I did very deliberately for my billionaire essay was try to avoid ever mentioning left politics or making any moral judgements, i.e. more or less everything I wrote in that post was just objective, inarguable facts. I very intentionally ended the essay with “make of that what you will,” without ever actually commenting on whether the situation was good or bad. If you consider yourself a capitalist and want to remain consistent with reality, you really shouldn’t be offended by this post. If your first response upon looking at a neutral series of data points is to immediately rush to defend the system that produced it, it means you instinctually realize something is terribly wrong and you’re trying to justify it. Just saying, not a good position to be arguing from.

ANYWAY

As of the time of this update, Bill Gates is no longer the richest person in the world; the title now belongs to Amazon’s Jeff Bezos with with a mind-blowing $147.7 billion. Now, what could he actually do with all of that? Let’s make a list!

End Homelessness in America

There are an estimated 553,742 homeless people in America. Jeff Bezos could hand every single one of them $50,000 cash for $27,687,100,000, which should be more than enough to get a roof over your head for a decent amount of time.

Give 100,000 students a full ride to Harvard

Going to Harvard University will cost a student about 60,659 a year including tuition, room and board, and various other fees. Paying for a full 4 years for 100,000 students would cost $24,263,600,000.

Buy Iceland for a year

The gross domestic product of Iceland is currently about $23.9 billion dollars, which means for that amount Jeff Bezos could buy every single product and service produced in the country for an entire year.

Fund every US national park for 10 years

This year’s budget for the national park service will probably be about $2.7 billion, so 10 years of funding would be $27 billion.

Give every Amazon worker a $20,000 bonus

Jeff Bezos has 563,100 employees working for Amazon. He could give each and every one of them a $20,000 bonus for $ 11,262,000,000.

End world hunger

It would probably cost around $30 billion to ensure that no person in the entire world suffered starvation and malnourishment this year.

And how much does Jeff have left?

After doing all of that, Bezos would still have upwards of $3.5 billion left over, which is not only far, far more money than a single person could ever spend on themselves, it also would mean he still gets to remain substantially richer than most other billionaires.

that’s not what did the damage, though. what fucked that old dude up is that i saw my sister hit him from where i was standing and i ran over and started beating him with MY golf club. my mom says that i didn’t know what the hell was happening, but i squared up.