Democratic Primaries

mr_lebowski

(33,643 posts)

4. I was thinking about it the other day ... even if you have just ONE billion ...

Mon Feb 10, 2020, 04:13 AM

Feb 2020

And you earn 10% interest or the like on your $1B ... that means you acquire $100M every year ... sitting on your ass if you want to.

And since it's accumulating over the year, you can probably reinvest that as it comes in ... I'm guessing it's not unreasonable to figure you could make $5M off that $100M ...

So, you could take $5M/year to buy houses and yachts and vacations and what not ... get to the end of the year ... and have 1.1B in the bank.

And that's starting with just ONE billion.

If you had $10B, you would gather $50M/year that's the interest you made OFF of your interest ... and still wake up the next Jan 1 with $11B.

Make sense you wouldn't have to pay taxes on any of that, doesn't it?

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Walton Heirs Worth $174 Billion [View all] DanieRains Feb 2020 OP

and bernie's been in congress for decades while the waltons built their cash pile nt msongs Feb 2020 #1

And Voted Against Every Billionaire Handout DanieRains Feb 2020 #2

Lame BeyondGeography Feb 2020 #8

Wonder if the Walton family goes to church. Collimator Feb 2020 #3

I was thinking about it the other day ... even if you have just ONE billion ... mr_lebowski Feb 2020 #4

I don't think anyone pays tax on the money in savings, bonds or shares Kaleva Feb 2020 #5

Of note Bloomberg's net worth is $61.7 billion. CentralMass Feb 2020 #9

If one looked at my net worth, one may think I'm well off yet I pay no income tax. Kaleva Feb 2020 #10

You don't pay taxes when your stocks increase in value, you pay when you sell them Recursion Feb 2020 #6

Walton heirs received over a billion dollars duforsure Feb 2020 #7

Not true... brooklynite Feb 2020 #11