The following statement was from an article I recently read on Yahoo news.
“ATTLEBORO, Mass. – A 74-year-old blind woman’s 1 cent debt to a Massachusetts city has been settled. People from across the country called Attleboro City Hall on Tuesday offering to pay the 1 cent balance owed by Eileen Wilbur for an overdue water and sewer bill.
Antonio Viveiros, a former city councilor who does not know Wilbur, wrote a check for one penny. He says he was “irked” by the fact that the federal government can spend billions for bailouts, yet a senior citizen was threatened with a lien on her home over 1 cent.
Wilbur’s daughter first noticed the letter that warned of a lien and a $48 penalty if the overdue bill was not paid by Dec. 10.
Mayor Kevin Dumas says the whole situation was blown out of proportion.”
Now needless to say, I probably don’t need to state my opinion on how rediculous I think that is. But follow me below on my personal opinion about all of the money that exists in this world. I’m going to break it down into little facts.
According to Wikipedia - “At 3.79 million square miles and with about 305 million people, the United States is the third or fourth largest country by total area, and third largest by land area and by population. The United States is one of the world’s most ethnically diverse and multiculural nations, the product of large-scale immigration from many counties. The U.S. economy is the largeset national economy in the world, with an estimated 2008 gross domestic (GDP) of US $14.3 trillion (23% of the world total based nominal GDP and almost 21% at purchasing power parity.)”
Bear with me here I’m going to jump around…
$700,000,000 dollar bailout due to our economic crises.
According to Forbes back in 2007, and their famous “richest people” list… “One billion dollars is no longer enough. The price of admission to this, the 25th anniversary edition of the Forbes 400, is $1.3 billion, up $300 million from last year. The collective net worth of the nation’s mightiest plutocrats rose $290 billion to $1.54 trillion. Wall Street led the charge, despite this summer’s market jitters. Nearly half of the 45 new members made their fortunes in hedge funds and private equity.” The article then went on to list a few people who have made the list for a reason. See below some “members” of this elite list.
33-year-old John Arnold, a former Enron trader who now runs hedge fund Centaurus Energy and has amassed a $1.5 billion fortune. — The oldest member of the list is potato king John Simplot, who is 98 years old and worth $3.6 billion. — Oprah Winfrey earned $275 million before taxes in the past 12 months, and she remains one of the most famous faces in the world. Mind you that is about $754,000 A DAY– - Golf star Tiger Woods retained the No. 2 spot on the list, raking in $115 million on and off the course, while actress Angelina Jolie soared to the third spot, combining $14 million in earnings with unrivaled levels of fame. Joining Jolie in the top 10 is boyfriend Brad Pitt, with whom she is expecting twins. Pitt banked $20 million in the past 12 months and was often spotted on the covers of magazines with Jolie as the two traveled the world promoting movies and working for various charities.”
Now based on the information and statements above… here are my thoughts.
1. WHAT is a 98 year old man going to do with 3.6 billion dollars?
2. Its hard for people to truly understand the concept of $700,000,000,000… and I’m sure that its a much deeper conversation when you truly look at it from a more factual view, but just a few thoughts for fun that might spark some “light” conversation…
3. If you took 700 billion dollars and divided it by the approximate population of the United States, that would be $2000 per person.
4. Oprah’s net worth has increased to approximately 2.5 billion dollars. (Don’t get me wrong by any of this, Oprah is a visionary and a very smart woman who has earned her money and so are many other people with millions of dollars. They have earned what they make (most of them), but I am simply using those with the highest rates for a few examples and conversations starters here.
5. Oprah could give the 350 million people in the United States each a about a quarter of a million dollars and still have more than enough money left.
6. Say Oprah lives to be 70, she’d have to spend more than $78,000 A DAY to use up even that 2 billion dollars before she had zero dollars. Can you imagine spending $78,000 EVERYDAY of your life for 70 years?
7. Now with all of that said, add in the millions of dollars pro athletes are making, or people in government or actors and actresses (yes, all people who have worked hard for their money and deserve it, but who needs that much money. There is NO way that Oprah will be able to even come CLOSE to losing her net worth before she dies EVEN with giving millions and millions away to charities and schools, etc.) So really, if you added up (lets say just for fun) JUST ONE YEARS worth of even half of the millionaires/billionaires in the United States (money they wouldn’t miss at all…) and dispursed that to every person in America you could easily end poverty, and rid of national debt granted everyone used that money wisely. Its just funny to me how all of that works and how there is SO much money in the United States its disgusting. So to hear that we need 700 billion dollars to bail ourselves out, it makes me laugh with all of the money that exists in some people’s bank accounts.
A study done by the National Law Center on Homelessness and Poverty which states that approximately 3.5 million people, 1.35 million of them children, are likely to experience homelessness in a given year (National Law Center on Homelessness and Poverty, 2007)… someone tell me why. Why are there still SO many homeless people in America, and WHY ON EARTH is the goverment so concered about $0.01 that some lady owes them?
Until next time.
