For any of you that have been in a gas station or a shopping center within the last 24 hours you may have noticed the Powerball is now at an estimated 800 million dollars. Your first million dollars! From the IRS, there were about 97 million people with 2006 income tax liability. and the list goes on... But my question is where is coming from? Rather than treat the symptons, which could be identified as excessive debt to name one, perhaps the general public, as well as those in financial authority could be reeducated or better taught those principles, tactics and strategies that would ensure the safety and the perseverance of the hardworking individual. One thing it can’t buy is a football stadium filled with billionaires. You're gonna need some caffeine, but you can afford it, so go for it. Buy an AMRAAM missile for medium range. if banks wouldn't have over-lent they wouldn't have went bankrupt. but you all have to remember we have a lot to buy. But if you're notin the market to buy up a social network, there are a lot of other things you could afford with $1 Billion - and we've got the best of them detailed in an infographic. More from the Forbes 400 . I personally think that we should put this money into a variety of different uses that would benefit our country rather than just solving one of our problems. 156 million doses of vaccines and 187 million pieces of safe injection supplies. Lets be real, that's never going to happen, but we can still dream right? Below you will find the Top 10 things to buy if you had a million dollars, and there’s a … I wonder how long you could keep the war going for 800 mil. If you play hard and fast, that's one million for each day of a month. It is absolutely unbelievable what you can do with 800 Billion dollars. Lets hope that is not the case though. all this extra fluff is nonsense and will do little to help the CURRENT crisis. At a cost of $170 million, we could do it 4,705 more times. In this scenario, a nice mango would cost around $200. A hundred million dollars – now we’re getting to the big volumes. Actually, this is really interesting blog as what we can buy for $800B. After reading all of the things we as a nation could do with 800B, I was pretty shocked. You can try to make these short term bailout plans work all you want, but i just dont buy it. With all this money being dumped into the economy, We had better some positive results.. otherwise I think our nation's taxpayers could use a raise! Build a big park. I certainly would not have thought of it in all those ways. Here are examples of what $700 billion, the estimated cost for the government to bail out the financial system, could buy. Realtor.com $95 million on Fifth Avenue. you are talking about $1,500,000,000!!! So between rescuing the U.S. out of the Depression and funding the war, we see that the national gross debt as percentage of GDP at the end of 1950s fiscal year ran about 94.1%. Or you can think of it as a thousand billion. California's budget gap appears to be around $30 billion. With $100 billion dollars, you could furnish a real version of the classic boardgame: ‘Battleship’. But thanks to the description it can apparently solve a lot of problems. My great great great great great great great great great great great great *takes breath* great great great great grand children would still be filthy rich. With one million "bucks" you can buy one million things at the Dollar Store! For a bit less than a billion dollars, you can buy the A.C. Milan football (soccer) club. I would buy up distressed properties and use them to house low income families. 10 things you can buy with 100 million dollars Reviewed by sariyugurta7@gmail.com on septembre 06, 2017 Rating: 5. I dunno about you guys, but I'll be on the next flight to Pakistan! Its scary to think about. What would you do with 80 million dollars? If you take apart 90 billion and turn it into millions you get: 90 billion = 90,000 million If you type in 90 billion on your calculator, it may come out as a scientific notation of: 9.00E+10 (9.00 x 10 10) OK, enough of the basics. Typically, the Fed will issue however many bonds are needed to finance any additional debt. What a Billion Dollars Can Buy The RMS Republic was also known as the "Millionaires' Ship" due to the many rich and famous passengers who travelled on-board. During this time, also the World War II broke out. So to think of 800 Billion dollars as a stimulus package just seems like another Trillion dollars in debt that our government will be in to me. Brand Publisher. The US itself is in the worst debt of all, I feel that although getting money into business and customer's pockets is great that the American Government needs to look at itself and get itself out of it's debt. Registered: ‎01-11-2012. So where do we go from here? The average working American earns $18.90 an hour, or less than $40,000 a year. so before we start dividing it between our selfs i think we need to take a step back. This article is very interesting in that there is a lot of money out there and yes at this point in the economic state of our country we may need bail outs for the less fortunate but I feel the money could be coming from money already being circulated. 21 Luxuries You Could Buy With A Billion Dollars. A bunch of wasteful spending. That means all … $800,000,000 can buy you: 300 million Grande Iced Coffee from Starbucks I feel that the government will put our money in the places it feels will benefit us best. And what other things like that are costing the country millions of dollars that don't need to be spent. Thanks Hu Jintao... how much of America does China own now? And then disturbing. It would be the equivalent of Americans paying $200 a day for food, $400 a day for a shack, and $800 dollars for a gallon of gas. 222,000 Palomino Horses. A hundred million dollars would have to be carried around in a crate. Motley Fool - the BEST Stock Picking Newsletter. how exactly will these things stimulate the economy RIGHT NOW. How Gabby Giffords Used Music to Regain Her Speech, 11 Tips for Talking to Someone You Disagree With. It is amazing what money has come to in our world today and how much value we place upon it. Buoyed by public markets, the average net worth of 400 U.S. richest rose $800 million to a record $5 billion. Vaccines (757 million) 2.5 billion doses of vaccines to 99 countries reaching 58% of the world’s children. Interactive: What A Billion Dollars Buys You. So while you are still thinking about the richest people on earth and what they own, we have compiled a list of 20 things not even the 100 million dollar man can buy. $800B is a lot of money! I'm sure many of the original suggestions would be quite entertaining to say the least, but as a suggestion, I'd rather address what could be the root of the current "economic woes". Obsessed with travel? In pennies 800B represents a volume roughly equivalent to that of Lake Meade and a mass consistent with the world wheat harvest in 2002. What can you buy for $100 million? Community Member. But still, it seems that money could have gone to better use elsewhere. It seemed more like the Grammy’s with as many famous stars that were there, rather than an inauguration. How the money will actually be put to use is a different story. 800 billion, in a basic savings account is another 2 billion a year in interest at absolutly no risk. If 800 billion could do all those things, trillions of dollars could do so much more. But you need to be aware that this is a loan, from the Federal Reserve to the bank. Posts: 21,891. Trump Inauguration: (Crowd) Size Matters, So Who's Lying? Get the help you need from a therapist near you–a FREE service from Psychology Today. Currently, we have a similar situation. What Can You Buy With 50 Billion Zimbabwe Dollars? What Can You Buy With 20 Billion Dollars? I am intersted to see what this stimulus package will do for the economy. While $2 billion can buy you a lot of fancy things, this billionaire chose to spend his fortune on a unique piece of machinery in the Batmobile. These loans allow banks to function and our economy to function as well. 800B into 4M jobs is 200,000 per job. The $15 billion sum could also buy 1,360 miles of six-lane highways in urban areas. 8 Answers. This amount of money really got me thinking about the trillion dollars that our country has in debt and how ridiculous it is. I don't know, I just believe we could have spent that money on more beneficial things rather than just a "who's who event." (The only bad thing is that they … I also think it's interesting that we are in so much debt, and yet throw down millions of dollars for a ceremony, like Obama's inauguration. Still, something tells us you won't. Five billion dollars is not huge in a federal discretionary budget of more than $1 trillion. Not matter what happenes there will be a group of american who are not happy and want to blame it on someone. Why? Where did that $170 million go and how much of it could have been used elsewhere? The economy sucks, just give us a huge party so everyone forgets about it. I am a little confused with the whole parameters and execution of the 800B stimulus though. Yes it was a great moment in history but did we really need to spend THAT much money on it. I am sure GM and Dodge would benefit greatly from it. That is pocket change to you. http://danrosenberger.wordpress.com/2009/01/29/what-could-800-billion-buy/. That's right, 1 billion dollars. by Quicken Loans. How to spend a billion dollars: It’s actually not as difficult as you might think Published: Oct. 27, 2018 at 12:17 p.m. To witness the billion dollar phenomenon, consider Google's recent acquiring ofWaze, Tumblr's sale to Yahoo!, Fab's valuation at $1 billion and and Pinterest's absolutely incredible $2.5 Billion valuation. I would like to see this $800 billion given to everybody in the world (6,706,993,152) equally. Dollar. A billion dollars seems like a lot of money, but what exactly would it buy you around the world? Or, used wisely, $30 million could keep you going for your entire life. As this is one of Obama's first presidential acts it will be interesting to see how the media reacts. The city of Portland has seen $2.3 billion in private investment within three miles of its streetcar line. A new theory aims to make sense of it all. I'd like to see $800 billion worth of hookers and blow. There were 850,000 home foreclosures in 2008. (I have a family of four, that's nearly $10,500.). I believe that his desire to reach one billion dollars is simply a 'can I do it?' A billion dollars isn’t what it used to be but it’s still substantial. Pharmaceuticals (203 million) 389 million de-worming tablets. So $800B is $8,247 for every person who actually pays income taxes. It is estimated that the 2008 debt to GDP ratio will be about 72.8%. And how the billionaires live? If you play hard and fast, that's one million for each day of a month. It seems like a lot of time the government does just throw numbers out there that never seem to mean much. Luckily Bernanke can press the magic "Printing press" button. ... 12 things you can buy for $700 billion. But you could also… Buy a luxury house, or a yacht. Because as of May 2018, there are only 2,208 billionaires in the world. 800 billion dollars, that number almost seems unrealistic its amazing what it can do and how much it could help, but i believe that when it is all dispersed it will be too hard to track where the expenses went and it will not help are economy. There are good places and bad places to put our money and im sure we will put it in both. It's also interesting that I heard many complaints from people when Bush gave a stimulus but now that Obama is doing it its a great idea. Every single person. I wonder where these will came from are they going to tax or deficit. He proceeded to fund the New Deal program. If you took the ‘live-a-little’ $500,000 and combined it with the $200K, you could still do the charitable foundation that at 2-5% would still throw off $14,000 – $35,000 a year and, though gone forever, would provide some tax advantages. I understand that it was an important day but for a society that is in such economic trouble these expenses can be better used. The Wealthiest People In America. • $21 million to re-sod the National Mall. Hopefully this 800 billion can actually help the economy in United States today, since the global market depend so much on the United States. As it turns out there are lots of things and people in the $16 billion range. I would probably concentrate on a particular area, because that money concentrated could have the greatest affect used in that manner. It made me think about how in debt our country truly is and how it will probably never be solved. But there is now way to make everyone happy so i dont think everyone should worry about it. Five billion dollars is not huge in a federal discretionary budget of more than $1 trillion. This New York City apartment is located on the 18th floor of the ritzy Sherry Netherland hotel. With $1 trillion, you could buy a very nice apartment for everybody in the city (San Francisco's population is close to a million). I'll be honest, the last point about John Thain made me laugh. If the entire $800B were applied to the US consumber credit card debt, it would completely pay...er...well, it would pay down 85% of it. A lot of Americans are losing their jobs and homes THIS MOMENT. Answer Save. Derrick Coetzee / (CC BY http://2.0) / Via, beatboxbadhabit / (CC BY http://2.0) / Via, 179 Million Pounds of Green Apple Jelly Beans, 28 Million Pounds Of Pre-Cooked Italian Meatballs, 25,000 "Old McDonald"-Themed Hot Air Balloons, 13 Million Heated Nightlight Toilet Seats, 30 Billion Assorted Scratch-and-Sniff Stickers, 131 Million Boxes of Emergency Underpants. Anonymous. I have a sneaky suspicion this won't be the last "stimulus" if Pelosi have her way. We need oversight and regulation over the stimulus money, and we need them after the economy recovers. We hold major institutions accountable and expose wrongdoing. *Sets down open can of worms.*. Tags news Facebook. However, as a trillionaire, you can buy them all. Build a big park. But if you're notin the market to buy up a social network, there are a lot of other things you could afford with $1 Billion - and we've got the best of them detailed in an infographic. So you could own all 100 Senators for 4,800 years. (suggestion by Bob N.). Provide Medicaid for 1.4 million people I said it before with other questions and I say it now. Generously assuming the world population is 7 billion right now, this would give every single person in the world $114. John Nofsinger is the Seward Chair and Professor of Finance at the University of Alaska Anchorage and a speaker, writer, and scholar on behavioral and socially responsible finance. 21 Luxuries You Could Buy With A Billion Dollars. I do believe that 800 billions dollars can buy a lot of anything. I said it before with other questions and I say it now. While these numbers are interesting, by themselves they are far more prejudicial than probative. VATreasures. Right now, in this part of Connecticut, he said, ''One million dollars doesn't buy you much house. At the current median home sale price of $175,000, $800B could buy everyone of them more than five times over. I hope they choose the pay off every college grads student loans option. I love the fact that Obama is trying to stimulate the economy and I feel that he can really do alot of good with the plans he has. In the hands of the right people, not weasals like Madoff and Blagojevich, the money can be put to good use. A.C. Milan is one of the most successful football clubs in the world with 18 international titles. 7 Gaslighting Phrases Used to Confuse and Control, Baboons Might Kidnap Puppies (But Not as Pets), Psychology Today © 2021 Sussex Publishers, LLC, Awe: The Instantaneous Way to Feel Good and Relieve Stress, How Face-to-Face Disagreements Hijack Available Brain Space, Millennials May Not Be as Racially Tolerant as They Seem, AI Neural Network Mimics the Human Brain on Psychedelics. 800 billion is a hell of alot of money, where is it coming from? President Obama's inauguration was magical and watched around the world. What CAN’T 1.5 BILLION dollars do??? On a similar vein With $800B, we could fund 16 such schemes. For a normal person 80 million dollars and even JUST ONE million is A LOT of money! Why would we give the money directly to the people when we are the ones that put us in the problem. California residents can opt out of "sales" of personal data. Congress Needs to Take Immediate Action on DACA, Reinventing How We Select Our Political Leaders. Just printing money isn't something the Fed does on a whim. Because of the currency, I think people in developing countries and underdeveloped countries will gain more than us in first countries. Having grown up in a different country I see the United States economy as a capitalistic economy (which I am sure most would agree, it is). However if the weasals are the ones benefiting from the stimulus package it is sure to fail. A billion dollars isn’t what it used to be but it’s still substantial. 1 decade ago. When weighed in $100 bills, a million dollars weighs approximately 10 kilograms. With that much cash in your bank you could do a lot of things, pretty much anything you want! yes i agree $800B is a ton of money. $100,000,000. With it, you could own 50 cars, run 50 concerts, buy 250 rifles, operate a network of 50 stores, spend the year in 5 different houses, have 5 military vehicles or own 5 startups. If you have a billion dollars, you can rival Russian tycoon Roman Abramovich, the owner of Chelsea Football Club, by buying Associazione Calcio Milan, or A.C. Milan.It is one of the most successful football clubs in the world, in a tie with Boca Juniors of Argentina, with 18 international titles that are officially recognized by the governing bodies. In 2014, Steve Balmer of Microsoft bought the Los Angeles Clippers for 2 billion dollars meaning that the billion dollars you have could only buy you half the Clippers. its all a viscous cycle of stupidity. So you’ll need another $2.8 million, which you can remove from that generous $3 million charitable foundation, leaving $200,000. A reader wrote to me recently and asked how I would invest $50 million after taxes. With it, you could own 50 cars, run 50 concerts, buy 250 rifles, operate a network of 50 stores, spend the year in 5 different houses, have 5 military vehicles or own 5 startups. You could buy 1.178 billion of them, enough to give three of them to every man, woman and child in the U.S. For example, the remodel of John Thain's office, and the inauguration of president Obama. This is a very interesting blog. That made me think. nice numbers! Its very interesting to read the unnecessary costs that have occurred. 800 billion can do whatever I want. You might wonder, as I did, what else in the world might be worth $16 billion the sum Facebook will pay (unless it pays $19 billion) for WhatsApp. Now we will put 80 billion in the context of other things, so you can get a better idea of how much it really is: Spending: If you had 80 billion dollars, you could buy 2,666,667 cars at $30,000/each or 400,000 houses at $200,000/each. this isn't the first economic cries and it wont be our last if people don't become more educated about the economy. A.C. Milan is one of the most successful football clubs in the world with 18 international titles. If you were really dedicated, and could spend $20 per second, you could spend $1 billion dollars in 578 days (1 year, 214 days). However, creating these jobs are not that simple, and the expense to create those jobs are not factored in. The package needs to focus solely on measures that will quickly stimulate the economy and create long term jobs as well as correct the housing problem. Thirty million dollars – that's a lot of money. There have been a lot of schemes including Madoff's and Blagojevich that are taking money from people that need it more and that have more to lose. 1. Something for everyone interested in hair, makeup, style, and body positivity. Does he want one billion dollars because he needs the money? 1 1. Ariana Romero | May 18, 2012 4:30 pm. But it’s an incredibly meaningful sum to any number of smaller federal government programs. Some 15 million Americans are currently unemployed. However, I am fine as long they don’t raise tax and not like the 350b the previous government used but nothing change. One of the points the article was saying that I didn't agree with is that the inauguration was really worth 170 million dollars. It is interesting to put that amount of money into perspective. but you all have to remember we have a lot to buy. Yes 800B is a lot of money, but these stats are misleading. John Thain, the former CEO of Merrill Lynch, paid $1.2 million to remodel his office/bathroom/conference rooms. The $6.2 billion monthly income figure is for men; because women live longer, on average, $1 trillion would buy a 65-year-old woman a little less. With large numbers flying around recently, it is useful to frame the $800B within references of the day or those that might be on your mind. As it turns out there are lots of things and people in the $16 billion range. A hell of alot of money for stimulating the economic to grow the federal to.. ) money can do with 800B, we could buy for $ 100 billion because! California 's budget gap appears to be carried around in a basic savings account is another 2 dollars. Nation could do a lot of money, where is it coming from i am intersted see... Dollars Reviewed by sariyugurta7 @ gmail.com on septembre 06, 2017 Rating:.. 4,705 more times costing 14,600,000 bolivars ( equivalent to that of Lake Meade and a of... 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