Say you had 1 dollar every second, even while sleeping. That’s 60 dollars per minute, 3600 per hour etc. it would take 35 years to earn 1 billion. A trillion would take 35,000 years. The pyramids were built 4500 years ago.
if you had a hat which you could pull unlimited 100$ bills out of, you'd be making less money than jeff bezos even if you took out 10 bills per second 24/7.
He already uses that money to employ about 140,000 people (and cover costs of manufacturing equipment, materials, etc.) though he does leverage it with others investments in his companies. Great videos, i hope you really take off. Good luck.
Without the labor of those laborers, "his" companies would not be producing anything of value that would have made him wealthy, and he would have no resources with which to employ people. He certainly did not become wealthy all on his own. He couldn't have done it without the labor of others. And this is a huge tangent but here we go: I posit that it is absolutely right to hate billionaires - though I think condemning them would be a better phrase - simply on account of their hoarded wealth. If you pass by a drowning kid in a shallow pool who you could easily save you'd obviously be a horrible person to not save them - it'd be an obvious ethical failure. These billionaires, by hoarding their wealth, pass by millions of opportunities every day to save lives whether it be working to end homelessness or child hunger, or any other number of endless scenarios where they could save lives but through their inaction choose not to. That seems like a pretty obvious moral failure to me. So yeah - I think it's totally fair to condemn the obscenely wealthy when they spend more time using that wealth to serve their own egos than to lift up the least well off among us. If a billionaire distributed enough philanthropy to the extent that their wealth started falling below a billion dollars, I'd begin to consider them a good person.
a billion always sounds bigger when it's phrased as "a thousand millions"
my favourite is "one billion minus a million is still a billion"
“A million seconds is 12 days. A billion seconds is THIRTY-ONE YEARS” (!!!)
That one always puts it in prospective for me.
I'm so glad to have subscribed to this channel. Great content.
Thanks! This means a lot to me
Say you had 1 dollar every second, even while sleeping. That’s 60 dollars per minute, 3600 per hour etc. it would take 35 years to earn 1 billion. A trillion would take 35,000 years. The pyramids were built 4500 years ago.
if you had a hat which you could pull unlimited 100$ bills out of, you'd be making less money than jeff bezos even if you took out 10 bills per second 24/7.
With enough money, labor is always cheap.
what did the netherlands do to you that you think you can pay us minimum wage to walk in circles? lol
Ooh! This is nice. That pie chart visual thing was absolutely stunning.
Did you intend on putting the endscreen channel picture directly on the Earth?
Thanks! yes, I did. But another thanks in case it was an accident.
In the future I will have a proper end screen where I can put these things
There's only a couple hedge fund managers that have more money than Dalio, I wonder what they are doing with their billions?
Is this the simplest way to understand leverage ??
He already uses that money to employ about 140,000 people (and cover costs of manufacturing equipment, materials, etc.) though he does leverage it with others investments in his companies.
Great videos, i hope you really take off. Good luck.
It’s not his money I think
Without the labor of those laborers, "his" companies would not be producing anything of value that would have made him wealthy, and he would have no resources with which to employ people. He certainly did not become wealthy all on his own. He couldn't have done it without the labor of others.
And this is a huge tangent but here we go:
I posit that it is absolutely right to hate billionaires - though I think condemning them would be a better phrase - simply on account of their hoarded wealth. If you pass by a drowning kid in a shallow pool who you could easily save you'd obviously be a horrible person to not save them - it'd be an obvious ethical failure.
These billionaires, by hoarding their wealth, pass by millions of opportunities every day to save lives whether it be working to end homelessness or child hunger, or any other number of endless scenarios where they could save lives but through their inaction choose not to. That seems like a pretty obvious moral failure to me.
So yeah - I think it's totally fair to condemn the obscenely wealthy when they spend more time using that wealth to serve their own egos than to lift up the least well off among us. If a billionaire distributed enough philanthropy to the extent that their wealth started falling below a billion dollars, I'd begin to consider them a good person.
watching this after the guillotine video for no particular reason
Yes... Soros, Gates, Buffet... Wait were those the ones you had in mind
That was so shockingly useless im baffled it exist
I get roughly 1€ an hour
consequences of colonialism
@@mehmetshn778 Colonialism is the only reason it isn't zero
@@qoph1988 where are u from?