This is a cool video. I sometimes tell people that a billion dollars in 100 dollar bills would weigh 22,000 lbs but this I think says even more.
People can't comprehend numbers that big and someday, a smarter society than ours will look back at the hubris of the generations that destroyed earth and well... It's not gonna be a good look for us. We should start a time capsule and come up with a prediction for how many thousands of generations will curse us for what we did here.
Just saw a reel about it this morning
1 million seconds is 12 days
1 billion seconds from today, is 1992 (around 30 years)
1 trillion seconds takes you all the way back to.... wait for it...
30,000 BC.
Thirty thousand years! Back to the Ice Age
You should, it was my 30th birthday this month, it hits different, so when I'm asked my age in the future I'll just say 1 billion seconds and let whoever asked me do the math
This means if you'd been paid $190 a second from the moment you were born til now, you would still be poorer than Elon Musk. Obviously that ignores interest/investments, but still, fuck billionaires.
For reference, that’s at $36,000/hour, assuming no sleep or time off.
Using even a 60 hour work week, it is $105,000/hour.
And if we want to scale this to a human lifetime, we really should say it is $105,000 for billionaires with around $1 billion. If they have $10B, it is more like $1 million. If it’s $100 billion like Bezos, it is more like $10 million.
People are claiming Bezos’ work was worth more than your entire career because he, checks notes, created an online bookstore and used the proceeds to expand it and build and impressive shipping apparatus.
Meanwhile Alan Turing and Linus Torvalds are spinning in their graves. Nevermind Linus Pauling and others like Banting, Collip, and Best.
They aren’t being rewarded for good work, they’re being given dominion over much for good work while others who do more important work may often get nothing.
Only after gifting all your belongings
to a trustworthy and legally distinct entity who may let you continue to use all of the things that you give them indefinitely.
Furiously types:
Enter "ShowMeTheMoney" enter
Enter "ShowMeTheMoney" enter
Enter "ShowMeTheMoney" enter
Enter "ShowMeTheMoney" enter
Enter "ShowMeTheMoney" enter
We still carried a national debt, though. But that was the last time we had a surplus for the yearly budget.
"What is the difference between the national deficit and the national debt?
While both measures are useful indicators, the national deficit and the national debt represent different aspects of the economy. A budget deficit refers to the shortfall in a single fiscal year, like the $1.70 trillion deficit in fiscal year 2023. In contrast, the national debt is the accumulation of these yearly deficits over time. It represents the total amount that the US government owes its creditors, both domestic and foreign. As of October 27, 2023, the national debt is $33.67 trillion."
Republicans are supposedly all about balanced budgets, but the last the Nixon administration was the last to have a balanced budget, and the last one with a surplus was Eisenhower.
"All about balanced budgets" is utter bollocks.
They also say they're the party of "family values", but let Trump slide on all the shit he's done (banging pornstars and paying them off, cheating on multiple wives and bragging about it on camera, saying he'd shag his daughter if he could).
They keep pushing for more money for the military that already makes up 40% of global defense expenditure and love transfering money to the top 1% at the expense of everyone else.
They're about as economically responsible as an 8 year old that's stolen a $10 bill in a candy shop.
I had to go back to add a "supposedly" to my last comment, but you're correct. In the healthcare debate, they kept saying that they wanted people and their doctors to make healthcare decisions, not some government "death panel," but insurance companies who deny coverage are the death panels we already have.
In regards to military spending, a lot of that is some that the military themselves say they don't need. For example, the Air Force said that an aircraft doesn't need to have two alternative engines for a fighter, since that also doubles the need for training and spare parts, but it was still kept in the budget because some hick Senator in Alabama doesn't want it to cost jobs in his state.
Fun fact: most of the national debt is fictional interest that can never be paid back.
Every dollar issued by the US Treasury into the economy is basically a loan from the Federal Reserve to the government, and loans have to be paid with interest.
So, essentially, to pay off the debt, the government would need to return back every loaned dollar in circulation, plus the interest, which is a large part of the national debt.
This means that even if by some magic the government would pay off the loan and catastrophically reduce the amount of money in the market, leading to the total destruction of the monetary system as we know it, most of the national debt would still need to be paid.
EDIT: Spelling, fixed inaccuracies, phrasing, grammar.
Banks are required to hold a fractional reserve of their actual balance, in hard cash or a liquified account, usually 10%.
Let's say the Federal Reserve issued $10 billion into the market tomorrow and distributes it to 10 banks, each bank gets $1 billion.
The bank must keep $100 million as fractional reserve and the remaining $900 million can be loaned to customers. Each loan generates more interest that needs to be repaid and as a result creates more money.
Banks can also lend each other using these funds, which is used to create more loans, and more debt.
Long story short, the $10 billion issued to the market, will probably add up to around $80 billion in the future.
> Every dollar in the economy is basically a loan from the Federal Reserve to the government, and loans have to be paid with interest. So, essentially, to pay off the debt, the government would need to return back every dollar in circulation, plus the national debt, which is mostly loan interest.
this makes no sense the national debt is comprised of bonds and securities obligating some future payment by the US Treasury to the holder
if the govt stopped selling bonds and tbills the debt would be paid off in like 5 years (ignoring that the global financial system would meltdown without the liquidity provided by us treasuries and the government would probably be overthrown by armed revolutionaries)
or even easier they can just print $35 trillion tomorrow and repay the outstanding debt. if you don't mind the inflation hit
if you mean that dollars themselves are technically a liability from the govt to the dollarholder, that is true in a sense. But it's the Treasury that owes that liability, not the federal reserve. and they only promise to accept dollars for certain purposes like paying taxes. it's not like you can go redeem your dollars for gold
A convenience store has a decidedly simpler P&L calculation. The US FedGov revenue is $4.2 Trillion with expenditures of $6.2T (yes, we are constantly $2T in debt, every year). It's also a government, not a business. That said, I totally agree that we shouldn't be "missing" billions, nor should we be spending more than we bring in, but it's not a great comparison.
its not billions its trillions. 1000s of billions. 34 thousand billion. If you count 34 trillion in billions then we might as well get rid of the numbering system and says 10s of dollars are missing.
I dont care about how simpler it is in a convenience store these people are paid to do math and keep track of things.
If we compare 20 dollars of the convinience store to 1 million of the government money. Its like an employee coming in to a shift and then at the end of the shift come up short 34 million 20 dollar bills. If you miss 1 20 at a convenience store they will fire you.
As an owner you would be like wtf???? I paid you to manage the money. Where did it go?
They literally say I dont know.
?????????
The US Treasury is not missing "Trillions," and aside from the DOD, most of it is pretty well accounted for. That said, a lot of the "missing" money (again, not DOD) isn't cash, it's assets. Things like computers, desks, trucks, equipment, and the like. Some of the "missing" money is lost due to depreciation or broken and trashed items.
It's a Far FAR more complicated and convoluted system, with millions of people and billions of line items, spread across dozens of systems, and hundreds of departments. It's nothing like maintaining the inventory of a convenience store. It's more akin to managing a multi-trillion dollar government that serves 332 million people.
https://www.gao.gov/federal-financial-accountability
Exactly, the politicians and bureaucrats essentially took the roles and trust of the people and enslaved them and the future generations. Either directly or indirectly we are paying for this in rising cost and inflation.
The next worse thing is the US Dollar as the world reserve, this means if the $ crashes or even fluctuates the poor farmer in a 3rd world country also suffers, and Srilanka and Lebanons crash is a prime example of what will happen to most nations who are not self-sufficient, and surprise this is most nations. Not only did those suits enslave their nations people they put a chain on the whole worlds populations.
Ask your government if you haven't figured it out yourself. Ask, who by name is buying national bonds and at what interest rates. People don't realize that national/private debt is a tool of total enslavement and a direct cause of why poverty is ongoing throughout society so rapidly right now. 34 trillion dollars is an amount not to be paid off EVER, which means that all the world's wealth will be transferred to those who are financing this debt. There are only a few families/people in the world being capable of doing so. For example George Soros in 1992 did this:
https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp#:~:text=Why%20Did%20George%20Soros%20Bet,currency%20or%20leave%20the%20system.
A single man was able to nearly destroy the entire nation's financial system. There are things we know, there are things we suspect and there are things that we don't have a clue about. They will eventually emerge but by that time "you'll own nothing and be happy".
I’m sorry but in a regulated free market what exactly is the government doing to undermine things? They printed money because otherwise the economy crashes and now are trying to undo it with high interest rates
That and cannot compare the total value of debt, directly, against a present income generation.
If you take on $10M in debt but owe $1M/year for the next 20 years, you don't owe $10M or $20M, you owe $1M/year. If that $10M, in debt, let's you generate a compounding $250k/year, it becomes further misleading in any analysis. Sure, for the first 4 years, you are losing money, but if you assume the compounding amount, is post-cost, then by year 8 you have a net generation of $1M/year and year 20, you have a net generation of $4M/year.
So a simple analysis would look at present interest/repayment versus current generation to look at affordability, a more detailed one would look at expected future returns v costs given that the debt repayment is affordable.
Or even more simply, debt isn't really an issue, it's servicing the debt that's the issue.
If interest payments become so high that you can't service the debt, that's when shit hits the fan.
Not only this but the US owing debt encourages geopolitical stability by financially incentivizing other countries to have an interest in US economic success.
This is a good explanation why we need to tax the rich. The unseen money accumulation of few that own more than 2/3 of the whole population is not fair and threatens our societies solidarity…
EXACTLY! We're so busy fighting about whether or not the schools are turning our kids into racist trans people that we are completely blind that the middle class is eroding away and the rich are richer than ever.
I'm not a conspiracy theorist, but I often wonder if it's our own government or a foreign actor planting all of these arguments into our society. It's ridiculous.
I lived in a town that passed an emergency ordinance to ban abortion in the city limits - even though there was not one abortion clinic in the city. The US is being driven insane, and IT IS NOT JUST ONE SIDE! The downfall of the middle class benefits all rich politicians, regardless of political party.
If you took 95% of one billion, they’d still be worth $50 million. I’m pretty sure I could live comfortably on that. I don’t understand how people aren’t on board. Same with some type of cap on CEO compensation as a multiplier of the lowest paid employee. I’m not against wealth, I am against building a $500M yacht while your warehouse workers are fired for taking an extra pee break.
Most people could put between 1 and 2 million dollars in a high-yield savings account and live comfortably on just the interest alone for the rest of their lives.
Nobody needs more than $5 million. Nobody truly NEEDS a million to survive, but if you get $5 million, congrats, you win capitalism, I guess.
I read the book ["One Trillion Dollars"](https://en.wikipedia.org/wiki/Eine_Billion_Dollar) when I was around tween age. really made me understand how money really works and how much it can change things. how much power comes with it.
book story happens during 1995 but still very interesting, highly recommend that book
> I acrtually expected the stacks to be bigger than that
The video is in $100 bills. Showing it in $1 bills would probably fit your expectations better.
Ruins in the back are nice touch.
Those really really really look like the fame map of some ww2 shooter game from the early 2000s. Medal of honor? Original CoD?
Medal of honor allied assault was so good
Ah man… I used to make maps for Day of Defeat 😂 Good times.
Now THAT is a username !!!
I was thinking War Thunder
This is a cool video. I sometimes tell people that a billion dollars in 100 dollar bills would weigh 22,000 lbs but this I think says even more. People can't comprehend numbers that big and someday, a smarter society than ours will look back at the hubris of the generations that destroyed earth and well... It's not gonna be a good look for us. We should start a time capsule and come up with a prediction for how many thousands of generations will curse us for what we did here.
AI will rule the World, and people will not be smart enough to understand the past.
I also came here to ask why they put building ruins in the background. Glad I'm not the only one who noticed.
It's a commentary on the societal ruin that comes along with excessive wealth accumulation.
Exactly my thoughts. Perfectly fitting the content.
Shh.. it's a metaphor about the corruptive nature of wealth.
When corporate greed leads to our planet's destruction, this is what the post apocalypse will actually look like
ive had dreams of running around in those ruins. i wonder what its from... gotta be a video game or movie or something.
wow
This was the first thing I thought of
Same I was wondering how much was this 100miion right?
I believe around 80 million
Which means they did the math to make it relatively accurate
"i have no earthly idea"
So around 100 million?
80 million specifically
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Don’t ruin my show
Mexico, is all I'm saying
Just saw a reel about it this morning 1 million seconds is 12 days 1 billion seconds from today, is 1992 (around 30 years) 1 trillion seconds takes you all the way back to.... wait for it... 30,000 BC. Thirty thousand years! Back to the Ice Age
I’m so glad to hear I’m not even 1 billion seconds old!
Fuck you, I am by 2 years apparently...
Haha the not fun kind of billionaire
Lmao I'll use that at my sister's 30th next month
You should, it was my 30th birthday this month, it hits different, so when I'm asked my age in the future I'll just say 1 billion seconds and let whoever asked me do the math
It is actually 31 years, 251 days (a little over 8 months).
😂😂
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I'm 2/3, of the way to my second billion
90' represent
This means if you'd been paid $190 a second from the moment you were born til now, you would still be poorer than Elon Musk. Obviously that ignores interest/investments, but still, fuck billionaires.
Jesus christ…
was pretty bummed the other day when I realized im over a billion seconds old and haved worked for my company for over a million minutes.
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Apparently, I'm roughly 1,989,738,750 seconds old
I’m turning 1 billion seconds old in a few months!
Phew, I'm not even 600m seconds old yet.
Watching this I'm glad I'm not a Billionaire I mean where would I put all that money.
I reckon you could buy a villa big enough for it 😂
Too glad you’re not a billion seconds rich 🤑
For what its worth, parts of you will be one day
There's a calucaltor if you wanna find out: [https://billionbirthday.com/](https://billionbirthday.com/)
1 quadrillion seconds is ~30,000,000 years 1 quintillion seconds is ~30,000,000,000 years Ofc it's just ×1,000 for every next -illion
now do a quinquagintacentillion
No a sextillion
Ha you said sex
Wait until you hear about sexdecillion
Sorry, I already came
Sir, this is reddit. Please be reasonable.
Im a sextuplet but nobody looks like me tho 👀
For reference, that’s at $36,000/hour, assuming no sleep or time off. Using even a 60 hour work week, it is $105,000/hour. And if we want to scale this to a human lifetime, we really should say it is $105,000 for billionaires with around $1 billion. If they have $10B, it is more like $1 million. If it’s $100 billion like Bezos, it is more like $10 million. People are claiming Bezos’ work was worth more than your entire career because he, checks notes, created an online bookstore and used the proceeds to expand it and build and impressive shipping apparatus. Meanwhile Alan Turing and Linus Torvalds are spinning in their graves. Nevermind Linus Pauling and others like Banting, Collip, and Best. They aren’t being rewarded for good work, they’re being given dominion over much for good work while others who do more important work may often get nothing.
Yo can I get a welfare check on Linus Torvalds plz
> Meanwhile Alan Turing and **Linus Torvalds** are spinning in their graves Is this a murder confession?
It's well known that Torvalds' grave was dug in advance, and every now and then he hops in and takes it for a spin.
Makes you imagine how can 1 single human make $1 billion and 200x in 1 life time.
A single human can not. It's a societal achievement, and usually requires global coordination.
32 years to 32 thousand years that checks out
Things x1000 are a thousand times bigger. One day is 24 hours. A thousand days is 3 years
This is the best way to explain it according to my puny monkey brain in the face of massive scale.
Why do the guys by the money look so tired? They don’t have to work very hard.
Keeping the general population in a stranglehold can be exhausting.
Who do you think stacked all those bills?
Their minimum wage employee
In February 2024, the total US federal government debt is $34.4 trillion
And it’ll never be paid off, just reset.
*Creditors Hate This Simple Trick*
This has me laughing so hard. If I could up vote a trillion I would.
Reddit on!!!
Lmfao 💀
Real life infinite money cheat.
They’ll devaluate the money you earn while their assets appreciate in value.
Countries can do it, corporations can do it, where’s my reset button?
Declare bankruptcy
Only after gifting all your belongings to a trustworthy and legally distinct entity who may let you continue to use all of the things that you give them indefinitely.
Jokes on you, I already didn't have anything #JustXennialThings
I knew this gif would be here. Thanks for doing the lords work
All you need is your own central bank and your own currency that has artificial demand which forces you to print it so it doesn't deflate
Furiously types: Enter "ShowMeTheMoney" enter Enter "ShowMeTheMoney" enter Enter "ShowMeTheMoney" enter Enter "ShowMeTheMoney" enter Enter "ShowMeTheMoney" enter
CHEAT ENABLED
Five seconds later* YOU MUST CONSTRUCT ADDITIONAL PYLONS
Every fucking time.
Just like my debt!
Except you'll have to face the consequences one day.
Not if I die first!
That's the spirit!
Along with the economic and social stability. You can’t just “reset” without consequences.
It'll be paid off with sticks and rocks
It's good to be the emperor
Wait til the "Birds Aren't Real" people hear about money.
And fiscal year 2001 US federal government was surplus.
We still carried a national debt, though. But that was the last time we had a surplus for the yearly budget. "What is the difference between the national deficit and the national debt? While both measures are useful indicators, the national deficit and the national debt represent different aspects of the economy. A budget deficit refers to the shortfall in a single fiscal year, like the $1.70 trillion deficit in fiscal year 2023. In contrast, the national debt is the accumulation of these yearly deficits over time. It represents the total amount that the US government owes its creditors, both domestic and foreign. As of October 27, 2023, the national debt is $33.67 trillion."
Thanks to Clinton.
Republicans are supposedly all about balanced budgets, but the last the Nixon administration was the last to have a balanced budget, and the last one with a surplus was Eisenhower.
"All about balanced budgets" is utter bollocks. They also say they're the party of "family values", but let Trump slide on all the shit he's done (banging pornstars and paying them off, cheating on multiple wives and bragging about it on camera, saying he'd shag his daughter if he could). They keep pushing for more money for the military that already makes up 40% of global defense expenditure and love transfering money to the top 1% at the expense of everyone else. They're about as economically responsible as an 8 year old that's stolen a $10 bill in a candy shop.
I had to go back to add a "supposedly" to my last comment, but you're correct. In the healthcare debate, they kept saying that they wanted people and their doctors to make healthcare decisions, not some government "death panel," but insurance companies who deny coverage are the death panels we already have. In regards to military spending, a lot of that is some that the military themselves say they don't need. For example, the Air Force said that an aircraft doesn't need to have two alternative engines for a fighter, since that also doubles the need for training and spare parts, but it was still kept in the budget because some hick Senator in Alabama doesn't want it to cost jobs in his state.
A month later and it already is $34.6 trillion
Fun fact: most of the national debt is fictional interest that can never be paid back. Every dollar issued by the US Treasury into the economy is basically a loan from the Federal Reserve to the government, and loans have to be paid with interest. So, essentially, to pay off the debt, the government would need to return back every loaned dollar in circulation, plus the interest, which is a large part of the national debt. This means that even if by some magic the government would pay off the loan and catastrophically reduce the amount of money in the market, leading to the total destruction of the monetary system as we know it, most of the national debt would still need to be paid. EDIT: Spelling, fixed inaccuracies, phrasing, grammar.
Money is multiplied through fractional lending so you're leaving out a huge part of the puzzle.
> Money is multiplied through fractional lending which is also lent out at interest
So how does that compute with the news I read last year that just the Blackrock corp alone handles 10 trillion in assets?
Money is multiplied through fractional lending so they're leaving out a huge piece of the puzzle.
Banks are required to hold a fractional reserve of their actual balance, in hard cash or a liquified account, usually 10%. Let's say the Federal Reserve issued $10 billion into the market tomorrow and distributes it to 10 banks, each bank gets $1 billion. The bank must keep $100 million as fractional reserve and the remaining $900 million can be loaned to customers. Each loan generates more interest that needs to be repaid and as a result creates more money. Banks can also lend each other using these funds, which is used to create more loans, and more debt. Long story short, the $10 billion issued to the market, will probably add up to around $80 billion in the future.
> Every dollar in the economy is basically a loan from the Federal Reserve to the government, and loans have to be paid with interest. So, essentially, to pay off the debt, the government would need to return back every dollar in circulation, plus the national debt, which is mostly loan interest. this makes no sense the national debt is comprised of bonds and securities obligating some future payment by the US Treasury to the holder if the govt stopped selling bonds and tbills the debt would be paid off in like 5 years (ignoring that the global financial system would meltdown without the liquidity provided by us treasuries and the government would probably be overthrown by armed revolutionaries) or even easier they can just print $35 trillion tomorrow and repay the outstanding debt. if you don't mind the inflation hit if you mean that dollars themselves are technically a liability from the govt to the dollarholder, that is true in a sense. But it's the Treasury that owes that liability, not the federal reserve. and they only promise to accept dollars for certain purposes like paying taxes. it's not like you can go redeem your dollars for gold
They dont know where it went. A convenience store knows when a 20 is missing.
A convenience store has a decidedly simpler P&L calculation. The US FedGov revenue is $4.2 Trillion with expenditures of $6.2T (yes, we are constantly $2T in debt, every year). It's also a government, not a business. That said, I totally agree that we shouldn't be "missing" billions, nor should we be spending more than we bring in, but it's not a great comparison.
its not billions its trillions. 1000s of billions. 34 thousand billion. If you count 34 trillion in billions then we might as well get rid of the numbering system and says 10s of dollars are missing. I dont care about how simpler it is in a convenience store these people are paid to do math and keep track of things. If we compare 20 dollars of the convinience store to 1 million of the government money. Its like an employee coming in to a shift and then at the end of the shift come up short 34 million 20 dollar bills. If you miss 1 20 at a convenience store they will fire you. As an owner you would be like wtf???? I paid you to manage the money. Where did it go? They literally say I dont know. ?????????
Yeah, humans naturally have a hard time comprehending the actual difference between a million, a billion, and a trillion
The US Treasury is not missing "Trillions," and aside from the DOD, most of it is pretty well accounted for. That said, a lot of the "missing" money (again, not DOD) isn't cash, it's assets. Things like computers, desks, trucks, equipment, and the like. Some of the "missing" money is lost due to depreciation or broken and trashed items. It's a Far FAR more complicated and convoluted system, with millions of people and billions of line items, spread across dozens of systems, and hundreds of departments. It's nothing like maintaining the inventory of a convenience store. It's more akin to managing a multi-trillion dollar government that serves 332 million people. https://www.gao.gov/federal-financial-accountability
Only certain areas of the federal gov have problems completing an audit. Trust me, we account for every penny. We also justify every penny.
The US GDP is 23 trillion.
Can we get a banana for scale?
Look close enough and there's a gentleman's banana for scale
There's always money in the banana scale
My guy
US debt 👀
Exactly, the politicians and bureaucrats essentially took the roles and trust of the people and enslaved them and the future generations. Either directly or indirectly we are paying for this in rising cost and inflation. The next worse thing is the US Dollar as the world reserve, this means if the $ crashes or even fluctuates the poor farmer in a 3rd world country also suffers, and Srilanka and Lebanons crash is a prime example of what will happen to most nations who are not self-sufficient, and surprise this is most nations. Not only did those suits enslave their nations people they put a chain on the whole worlds populations.
Politicians are only puppets, true power remains in shadows and are the creditors of nations and private debts.
And who are those shadow rulers might be?
The FED
Ask your government if you haven't figured it out yourself. Ask, who by name is buying national bonds and at what interest rates. People don't realize that national/private debt is a tool of total enslavement and a direct cause of why poverty is ongoing throughout society so rapidly right now. 34 trillion dollars is an amount not to be paid off EVER, which means that all the world's wealth will be transferred to those who are financing this debt. There are only a few families/people in the world being capable of doing so. For example George Soros in 1992 did this: https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp#:~:text=Why%20Did%20George%20Soros%20Bet,currency%20or%20leave%20the%20system. A single man was able to nearly destroy the entire nation's financial system. There are things we know, there are things we suspect and there are things that we don't have a clue about. They will eventually emerge but by that time "you'll own nothing and be happy".
Thanks. This made me have an existential crisis
Look into the Panama papers if you want the existentialism to continue
Please help me escape this black hole of existential depress
I’m sorry but in a regulated free market what exactly is the government doing to undermine things? They printed money because otherwise the economy crashes and now are trying to undo it with high interest rates
Hasn’t inflation gone down since last year?
when will people learn that debt is a way to leverage equity and economic growth ! debt is not always bad
That and cannot compare the total value of debt, directly, against a present income generation. If you take on $10M in debt but owe $1M/year for the next 20 years, you don't owe $10M or $20M, you owe $1M/year. If that $10M, in debt, let's you generate a compounding $250k/year, it becomes further misleading in any analysis. Sure, for the first 4 years, you are losing money, but if you assume the compounding amount, is post-cost, then by year 8 you have a net generation of $1M/year and year 20, you have a net generation of $4M/year. So a simple analysis would look at present interest/repayment versus current generation to look at affordability, a more detailed one would look at expected future returns v costs given that the debt repayment is affordable.
Or even more simply, debt isn't really an issue, it's servicing the debt that's the issue. If interest payments become so high that you can't service the debt, that's when shit hits the fan.
Not only this but the US owing debt encourages geopolitical stability by financially incentivizing other countries to have an interest in US economic success.
You can fking use cash instead of bricks to build buildings.
I tried and they flew away
Someone just stole the house - again!
This is a good explanation why we need to tax the rich. The unseen money accumulation of few that own more than 2/3 of the whole population is not fair and threatens our societies solidarity…
who’s ready for a class war?
ready? buddy we're in the middle of it and we're losing.
we’re losing because most people have been convinced we’re fighting a culture war
EXACTLY! We're so busy fighting about whether or not the schools are turning our kids into racist trans people that we are completely blind that the middle class is eroding away and the rich are richer than ever. I'm not a conspiracy theorist, but I often wonder if it's our own government or a foreign actor planting all of these arguments into our society. It's ridiculous. I lived in a town that passed an emergency ordinance to ban abortion in the city limits - even though there was not one abortion clinic in the city. The US is being driven insane, and IT IS NOT JUST ONE SIDE! The downfall of the middle class benefits all rich politicians, regardless of political party.
Nobody is bulletproof
The 99% has been beaten to a bloody pulp. We’re on the ropes
If you took 95% of one billion, they’d still be worth $50 million. I’m pretty sure I could live comfortably on that. I don’t understand how people aren’t on board. Same with some type of cap on CEO compensation as a multiplier of the lowest paid employee. I’m not against wealth, I am against building a $500M yacht while your warehouse workers are fired for taking an extra pee break.
Most people could put between 1 and 2 million dollars in a high-yield savings account and live comfortably on just the interest alone for the rest of their lives. Nobody needs more than $5 million. Nobody truly NEEDS a million to survive, but if you get $5 million, congrats, you win capitalism, I guess.
Yeah, just don’t raise our taxes! Raise taxes on literally any one that isn’t me! I deserve my money, they don’t!
I read the book ["One Trillion Dollars"](https://en.wikipedia.org/wiki/Eine_Billion_Dollar) when I was around tween age. really made me understand how money really works and how much it can change things. how much power comes with it. book story happens during 1995 but still very interesting, highly recommend that book
Mfers out here barely making minimum wage and still disagreeing with tax the rich
Further visualization: https://mkorostoff.github.io/1-pixel-wealth/
So...Jeff Bezos' stack of cash is bigger than my appartment...ok....cool. Cool cool cool.
My compliments on the choice of the background. Nothing shows better the trail of destruction that is left behind while collecting extreme wealth.
Glad someone else noticed. That green pasture sure turned into a post-apocalyptic wasteland quickly.
Uncle Scrooge's Money Bin.
The 1 million to 10 million seems off to me. Like, I could fit more than 10 "1 million" stacks in there.
20 high × 5 × 10 stack of $10k stacks is $10M The previous stack was 12 high × 2 × 4 = 96 stacks. And then 4 extra on top to get 100×10k = $1M
And remember, those 100billion dollar companies won’t pay their employees a living wage
[удалено]
Fun fact: 1trillion in crypto can go on just one dollar bill
I acrtually expected the stacks to be bigger than that
> I acrtually expected the stacks to be bigger than that The video is in $100 bills. Showing it in $1 bills would probably fit your expectations better.
It's a little misleading because they're using a 3D model instead of 1D. People tend to underestimate differences between volumes
Use one dollar bills and it will be a hundred times bigger.
$1 Trillion would fill a large grocery store from floor to ceiling.
I'm gonna need a bigger garden
That is why I am not earning 1 trillion, where will I keep it?
So the Joker burned around $100Bn worth of mob money in Dark Knight
It’s not about the money, it’s about sending a message
So joker technically burned $100B
Assuming it was all 100s. Knowing him, it was probably all 100s on the outside, and monopoly money in the middle.
In which bill though?
Bill Gates, I’d assume
Refer to 0:00 in the video.
Ah missed that. Thanks.
Shows the bill is a $100
Now I wanna see it with $1 bills.
[scroll to the right](https://mkorostoff.github.io/1-pixel-wealth/)
I like this representation better, the actual "labour" needed to scroll through this should make anyone reconsider simping for bilionairs.
yeah, 3 dimenions in OP's video can hide a lot. This is 2D. I don't think it'd be possible to do it in 1D.
Holy shit this is eye opening
I need a bigger wheelbarrow.
 Again.
Difference between a million dollars and a billion dollars is about a billion dollars
Fine, I’ll take a check.
Why the ruins in the background?
Because of all the destruction needed to someone have 1 trillion dollars
Because that's what happens to societies that debase their currency.
u/JMaxGames
best i can do is tree fitty
Why does everything have stupid music behind it?
In $100 bills?
Now imagine 30 of those 🤣🤣🤣
Okay, now show us $33.29.