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In reply to the discussion: Bernie Sanders: “If I were to run for president, do you know how much money the Kochs would spend? [View all]A HERETIC I AM
(24,875 posts)If you had 80 billion dollars invested in just about the safest long term bond in the world - the 30 year US treasury, the current coupon rate (the percentage paid of a $1000 face vaue bond) is 3.125%. That means for every million you hold in those bonds, they will pay $31,250 per year in interest.
A hundred million pays $3,125,000 per year
A billion pays $31,250,000
That is the equivalent of $85, 616.44 PER DAY in interest payments.
Times 80 equals $6,849,315.07 PER DAY. (Yes, that's almost seven million dollars a day)
(Source)
http://www.bloomberg.com/markets/
The Koch brothers are getting a WAY better return than 3.125% on their money.
It would be virtually impossible to make them go broke by simply spending money on a political campaign.