neoswhiterabbitt
145304
5710
158
Front page edit.
If there's anyone reading this that has mad money. Please don't spend it without thought.
Apr 20, 2020 9:57 PM
neoswhiterabbitt
145304
5710
158
Front page edit.
If there's anyone reading this that has mad money. Please don't spend it without thought.
thefatlonelyjew
Yeah but your money could also change the life of some dude in Africa. Why aren't you sending it to them
I8THECAKE
Find something more productive to dwell on then.
Ryanator50
yeah, like the right charities to donate to.
PrfctDrk
How is that any different than you spending $5 for a Starbucks when there's people in India's caste system who get less than 25 cents a day
SalvadorVango
I wonder if she has ever donated $100 to change the life of a 3rd world family.
PrfctDrk
You know what it takes to blow $10,000 in a year? Just 27.50 a day in frivolous spending.
ThatsNotAnInteger
You've just changed the way I think about a lot of things.
PrfctDrk
I would hope so
ZeroCoolisCrashOverride
Imagine if Superman landed in Russia instead of Kansas. https://m.youtube.com/watch?v=n0s0FJfyqGk
emptyother
The comic was good.
WalnutRickenbacker
Baloney. You'd blow it on stupid shit just like the rest of the whining bitches who hate rich people.
ProximaCentaur
Yet giving disposable money to low income family to spend in their local economy is better for the overall cash flow than rich who hoard it.
WalnutRickenbacker
Rich people don't "hoard" cash. PM if you're brave enough and I'll prove you wrong.
MoldyKumquat
It's ridiculous you can spend $10 at McDonald's and Ethiopians would survive a month on that. They worked for it just like you.
Maviyakuku
No, Ethiopians wouldn't.
supremacysun
They worked a billion times harder?
MrPhucket
They may work harder even, but that does not correlate to value of services.
somethingslightlyclever
Fucking thank you. No one on imgur seems to understand this.
bloodydingo
$10,000 isn't much to have but it's a lot to owe. One of life's shittiest lessons.
ThailandExpress
If you spent $10,000 dollars every single day, it would take you 273.97 years to spent 1 billion dollars
DiracsDelta
There is an entire market that exists exclusively for the insanely wealthy. Things marked up to insane costs, just to be elitist.
RedLanternGrodd
Shit $2000 would change my life right now. I would even know what to do with 10k.
xyrax
The Captain Capitalists will be here momentarily if they already haven't arrived to defend the honor of their billionaires STAT my friend.
SamuthNBS
It's a mind blowing thought, but then think about how many people you could feed in 3rd world nations with the money you spend on rent
TemetNosce000
I've spent almost 100k on rent in the past 8 years. Fuck
garamasike
IMO that’s even more damning for the billionaires. $10k could change someone’s life in US, $100-1000 in a developing country. It’s all 1/
garamasike
Chump change for the rich. Maybe focus on how many they could help with their billions, instead of what the $10k guy could do. 2/2
AgamemnonsMemes
I can think of like.. three problems at least that 10k would solve for me tomorrow, and its pocket change to some people.
memeseeks
That's like pocket change for them.
bepreparedyoumust
Your right, but the money wasn't burned, it paid salaries of the hotel workers, construction workers and lots of other stuff.
Rumpelstiltforeskin
You’re*
strugglesnuggler
Yeah, trickle down economics. Or as we tend to say: complete bullshit.
reallynotmikepence
No that's just economics in general. Trickle down economics is the theory that giving the rich 10k is better than giving 10k out in general.
bepreparedyoumust
Trickle down economic theory is about cutting taxes for the wealthy, not how they go about spending money.
IAmDrBanner
That is not what trickle down economics is.
strugglesnuggler
1/2 I was kinda trying to go for: that's the rhetoric used for trickle down economics. The rich get more money, and then spend it.
strugglesnuggler
2/2 which puts it into circulation. But it didn't work that way. Rich got more money then saved it.
FresherAndMintier
You've severely underestimated the cost of their hotel rooms and wine.
aTallIrishman
For the record, it doesn't take being rich to make poor financial decisions
zzpacksmasher
These post are dumb, value is applied to a limited resource. If money was given freely production would drastically decline
supremacysun
Remember when the Feds dumped 1.5 trillion dollars onto the stock market to support it for ~20 minutes?
Samja192
Money is being printed pretty freely right now in most countries. Will be interesting to see how it affects the world postcovid
ArqAngel
haha money printer go brrr
gotchasucka
TrapsAreIllegal
10k does not change your life. It seems like it until you have it and realize that it didn't.
PrfctDrk
Depends on how you spend it
Wombatish
This is very true. My mom deals with the truly destitute a lot in her line of work. All a small to moderate windfall does is kick them *c*
Wombatish
*c* off of benefit programs & force them to spend it (yes, talking responsibly). Buys a little time. Mild stress relief, not life changing.
TrapsAreIllegal
Yeah, I had a 5k influx at some point. All it did was pay off some debt, but it didn't change my life. That would likely take 50k+.
TolstoyTheFox
Counterpoint: context matters. 10k would pay 90% of my college expenses for the next year at least and do loads for my mental health.
NineToFiveLurker
it's ridiculous how $100 worth of food could literally change lives in the poorest parts of the world and yet here we are.
MysticFool
https://youtu.be/ZqqOkmJaYKQ
TheFilmLife
Exactly
nix1777
and the rich spend it on like 10 bananas
georgeforsythe6911
Paying sports stars 200k a week
keppay
It's all matter of perspective
aFadingMemory
"someone else has it worse so quit complaining" does not solve problems.
lenonymes
It DOES solve the problem of listening to yet another person scream "EAT THE RICH!" and doing absolutely nothing except pissing in the wind.
NotWelcomehere
That's so, so so so so dumb. Eat the fucking rich you little shill. They are a plague.
lenonymes
That's a childish and naive attitude. I'm pretty sure Bill Gates alone has done more for society than your entire family line ever will.
NotWelcomehere
That is totally beside the point. One billionaire. ONE made such a massive impact, imagine if they were ACTUALLY taxed and didn't fleece 1/2
NotWelcomehere
thje economy while pissing on you and telling you it's rainwater!2/2
BetterOffSingle
Also: richest 26 people have as much as the poorest 4 billion; enough to give everyone ~$1000. In the US, whites have ~10x wealth of blacks.
Vlurk
Now do Indians and blacks in the US.
BetterOffSingle
Link for income comparison, not actual wealth: wikipedia.org/wiki/List_of_ethnic_groups_in_the_United_States_by_household_income#By_race
Drmeowmeows
That's actually quite interesting. Can you direct me somewhere where I can read more about those figures? Genuine ask.
BetterOffSingle
Great question! Random stats lack nuance. indepth.oxfam.org.uk/public-good-privat">e-wealth">indepth.oxfam.org.uk/public-good-private-wealth apps.urban.org/features/wealth-inequality-charts/
BetterOffSingle
Correction- all billionaires could give everyone $1000. The top 26 billionaires could only give everyone $100. And my #'s are rounded a bit.
somethingslightlyclever
Stop this comparison it’s idiotic. I don’t have the space to explain why, but I’m surprised I’d have to.
OmnesMundiLardum
Most ppl assume it's a zero sum game.
somethingslightlyclever
Apparently.
plaguegremlin
Please do explain though because I am absolutely stupid enough to need it.
somethingslightlyclever
Basically she’s making a statement about income inequality and ppl are turning it into a comparison on exchange rate. Apples and oranges
BishopBerkeley
Yep. Many things are ridiculous. It's ridiculous that being born 3 kilometres in the wrong direction changes your entire life's course.
RightInTheCrownJawls
Imagine it wouldn't
algavinn
Yup, if you were born 3km in the air, your life would be very different from being born on the ground.
Rijtjeshuis
It's okay. You can just apply for Canadian citizenship, man.
StarvedDemon
BishopBerkeley
TIL everyone who applies for Canadian citizenship gets Canadian citizenship
squade
He means well at least
Davrem
That's pretty fucking deep. Best of all, I can't see any overwhelming argument against it.
AdmJota
It *is* pretty deep. I can't imagine having been born three kilometers down. There wouldn't even have been any air down there.
1Plebian
Nature/nurture. Nobody chooses their starting point. What matters is what you do with the time you have been given.
ultimathesheep
Where does browsing memes on Imgur get me?
c00lbeans69
Not laid, speaking from experience
Wozzup
True. But when a whole bunch of people in similar situations tend to make similar choices, you have to accept that our circumstances have...
Wozzup
A huge impact upon literally every facet of our lives, selves, and values
1Plebian
Sure. But by contrast, when someone born in a similar circumstance outworks those around him a launches himself forward, that's what
RealNormMacDonald
But there are conditions that make the right choices a whooooole lot easier
eraevous
Or remove negative consequences for bad choices.
GodFuckingDamnitVanEyck
Don't make fucking bad choices...
1Plebian
Wish I was a baller, wish I was a little bit taller..
RealNormMacDonald
Nice
YourMomsNewBoyfriend
Yup. East side and west have a connotation in almost every city. Not even getting into borders
Taxicat
Or north and south, depending on which river or railroad or street is used to divide a given city.
YourMomsNewBoyfriend
Truth, in mine it’s east and West. Felt clumsy to list all the directions haha
mostlychimp
The value of another dollar is inversely proportional to how many you already have.
circlejerkingaltfgs
It’s almost as if all things are relative
Markamanic
Same with time.
FlyingButtPliers
Dollars over the amount you pay for taxes and expenses are discretionary income. Most people have little to no discretionary income.
jahsteeles
((L*D)+(W/G))/(A^2) Length times Diameter plus Weight over Girth divided by Angle of the tip squared
Davrem
Ain't that the truth
ProximaCentaur
The marginal propensity to spend that dollar is also proportional to how much you already have. Rich people accumulate wealth. Poor spend.
yourmomscheese
Law of diminishing returns
AllTheGoodOnesWereGone
And once you have money you magically get more money and then more more money due to the magical pyramid scheme economy.
RandomUsername06
Well said
Lambast
Not to rich people it's not. And not to poor people either. But for completely different reasons.
omgiluvthissong
Having $1000 isn't a lot but spending $1000 is.
comacomacomacomachameleon
diminishing returns
mardukkur
The diminishing marginal utility of money. One of many reasons for progressive taxes.
pbrtallboy
You could argue that time is the same way
Insomnia297
Same with passage of time and age
GodzillaBoomingMarketOfDiabetes
What??!!
Witblitz14
The more you have the less it’s worth and the less you have the more it’s worth! Think about how people of different classes treat money.
GodzillaBoomingMarketOfDiabetes
If we're thinking politically, they just take it all
Iliketosaynoalot
The angle of my dangle is directly proportionate to the heat of my meat
fbutt09
Thank you, lady!
KuddleWumpous
I too get erect at barbecues.
Doc070
That didn't take long.
HurtinAlbertan
Heh
CreamyPutanesca
Impressive
SithElephant
I disagree. Going from $5k to $500k is a much, much bigger jump than going from $500k to $50m, or from $50m to $5b
filiuspelei
I see what you mean, but I think this where we cant comprehend wealth. 500K is well off. 50 million means (If youre smart) neither you ->
filiuspelei
> or your descendants ever have to work again. 5Bn means you can fund a political campaign solo! The difference power difference is huge!
DanskeEncyklist
You misspelled "agree" otherwise yeah totally correct
SithElephant
The incremental change in both is the same. The outcome is very much not.
DanskeEncyklist
Exactly. The $495k would be worth more to the person starting with $5k than the 49.5mil would be to the one starting with $500k. Inverse. :)
SithElephant
Both examples were a tenfold rise. If it was truly inversely proportional, the difference between 1 and 10, and 10 and 100 would be constant
JayEnfield
Economist here. Talk dirty to me.
Mountainmage
Hi fellow economist!
cottageculture
Wow 2 economists in the same place. What are the odds?
Mountainmage
I think I have a graph for that.
Linkleismyspiritanimal
I have a question for economists. How do you understand it? I’ve been wanting to educate myself & I don’t know where to start. Any advice?
JayEnfield
Well, I went to university for 6 years... Save $50k by grabbing some previous-edigion econ textbooks out of the trash can and reading them.
Linkleismyspiritanimal
I have a question for economists. How do you understand it? I’ve been wanting to educate myself & I don’t know where to start. Any advice?
Ravager521
Economics student here. Find yourself a good book and then just take it one step at a time. Supply/demand, macro/micro, AD/AS, etc. and (1/2
Ravager521
and talk to other people about what you're learning. One of the best ways to learn is to have to teach someone else. Message me if you want.
SLCtechie
And I would give it all away, just for a little more.
azmyth1
I think it's about logarithmic.
truebobby
Not quite. Inversely proportional means one variable goes down as the other goes up. You’re talking about decreasing marginal utility.
filiuspelei
This is is sort of the case though. If N is the amount of money you have, the next dollar will represent 1/(N+1) of your wealth.
IonlyUpvoteTurkeys
UGh DoOn’T gET aLL sCIEnCY
esycs
lol
MrRandom314159
.... that's exactly what inversely proportional means.
AwwDamn321
After staring at my phone and thinking about this way too long I’m gonna go ahead and upvote you.
TheCrotonCollectingButcher
Agreed after staring at it, the original assumption is right. When you have less money, the value of your dollar is more, and vice versa. --
TheCrotonCollectingButcher
Think of it like this- if you only have 5 dollars for groceries, you make it stretch, you get several things with your 5 dollars---
mostlychimp
x ∝ y^-n is exactly what I mean
JustInTime4TheHollandaise
9532
FTFY https://mathworld.wolfram.com/InverselyProportional.html: x ∝ y^-1
StatmanIbrahimovic
Where x is the value of a dollar, y is the actual dollar amount and -n is the amount you have?
9532
x is how much you personally value getting one more dollar when you already have y dollars. Strictly speaking n must be 1.
texanNut
The problem with your initial statement is that intrinsic value of each dollar does not change based on the amount of dollars a person owns,
mostlychimp
The problem with your statement is that you assume the value of a dollar is objective and "intrinsic." All value is subjective.
texanNut
But the importance one places on each dollar does decrease with increasing quantity, which is the definition of decreasing marginal utility.
superdupertrooper
I was told there wasn't going to be any math
StrangerNum1
Everything is Maths
W0b0
No fingers to the eyes guys or hair pulling or biting or ball shots.
W0b0
I'm listening tho , we all are. Interesting stuff.
Doc070
Dick twists?
InsanityMelon
StrangerNum1
Aceptable but only using your teeth and lips
savemebabyjebus
First rule of maths club, tell more people about maths club
whatseventhepointt
Doesn’t that usually just get you beat up or pushed into a locker?
hoefty
That's what that means as a person has more dollars the next one is worth less to them. It's not linear obviously but still inverse.
MrMineHeads
Um, what? Let's take v=value and T=total cash. If we say v prop 1/T, that would mean as T grows, v shrinks. This is what the OC was tryna...
MrMineHeads
...say. Value of dollars is inversely proportional to the total amount.
FrogDelay
$10,000 is only 5% of my student loan debt :'(
hymenochirus
The problem isn’t when they spend it, it’s when they don’t.
TransparentMan
Nah, even when they spend it people still whine because everyone with more money than me is evil.
Hellstorm99
If I had a billion dollars, I would have it for long because of this reason. Pretty sure there would be a LOT of people out of debt.
zzpacksmasher
Dont lie, otherwise do it. I'm sure what you have can feed a village in Africa for months in not years. Give it right now, do it. Donate all
Hellstorm99
If only...
zzpacksmasher
The money you have except 30% c'mon dont worry about the wealth difference. You can change lives just like a billionaire. Prove you would
MrFnortner
Money spent on $10,000 hotel rooms go to an untold number of support people in wages. Money profited by the hotel owner does not go into...
MrFnortner
...into a mattress or cookie jar but into more investments to fund businesses that support even more employees. "Trickle down" it is not.
Dionysus187
certainly a trickle by the time it gets to people who need it the most
MrFnortner
I hope you don't think that the economy is one giant charity. If you cannot earn what you believe you're worth, look inward not outward.
JayEnfield
Unspent money is what gets lent out as mortgages and business loans and government bonds. Distribution should be better, but idle >
JayEnfield
money isn't actually idle.
KerkylasOfAndros
This guy gets it
JinoLabs
People forget when anyone spends (government, billionaires, you and me), that’s how some people get paid.
jeffhoward5
Exactly, rather have them spend 10,000 on a hotel room to employ maids/etc. than put it under your mattress
GriffinMann41
Okay but when they hoard their wealth and spend it on things like yachts, private flights, and massive mansions, that helps far fewer.
hymenochirus
Absolutely not. Think about the parts used to build these things, who makes the parts and where the raw materials are from.
DreadPierateRoberts
Yacht building probally employes a few?
GriffinMann41
Fewer than investing in education, other industries, better social services, or lobbying for better consumer protection and workers rights
PlebGeneral
They still have to pay taxes for them of which people are paid. Although, for Yachts its rarely the case.
Einer
Even then the money is in assets that will provide credit to others & stocks driving growth 4 business and pensions. Biggest loss is cash.
nonCanadianGoose
$1200 is a year or more salary in many countries
xKaraKx
Cool. How does that matter to people in the US?
nonCanadianGoose
Even within our country, $1200 SF isn’t the same as $1200 Houston. While politically a country, were more like several countries.
DavidBrooker
... The entire point of the post is how your perspectives on money vary with your level of wealth. Did you miss that whole thing?
warmNchewey
Ya but that is a stupid connection because that doesn't take into the value of currency in a said country...$1200 doesn't do shit here
DavidBrooker
... That's the point.
warmNchewey
No the point is...billionaires don't need a billion dollars and they SURE AS HELL didn't fucken earn it...so don't start...
KaoruVanity
The value of currency is different state by state. and in some cases city by city. So to say country. $1200 goes far in oklahoma. Cali no.
emptyother
Purchasing power also matter. Dont know about US but it is no way anyone could live on $3 dollar a day here, even if rent was paid.
DavidBrooker
That's one of the big issues of global poverty: that people *aren't* living on $3/day. They're dying of starvation and lack of shelter.
Maviyakuku
Ain't that the truth. Dying on a dollar a day. Not living.
przemektrzyszostki
Somebody in the world feels the same about you when you spend $10 on groceries and they have to work a whole month to get paid the same.
jzbstl
I doubt it. Most people are smart enough to understand cost of living varies and $10 in the US doesn’t equal $10 against the local currency.
gunslinger001
The person is talking about luxury items not essential things. You don't need a 10k bottle of wine you need to spend money on groceries
Libertymutual
So you've never bought a TV?
lemonsherbet
Yes, the reductio ad absurdum argument: Sell all of your worldly possessions, donate the money and work charity for the rest of your life.
Libertymutual
It's the same argument, it's highlighting the fallacy not engaging in it. Judging people off relative income works both ways
lemonsherbet
If you don't then you're willingly enjoying an excess that millions of people don't have and it's morally wrong.
MEhbel
This guy in Sri Lanka can live a week from the $ you paid by MC Donalds....
maxstout808
Ah yes, we the wage slaves are the real problem.
heartlessninja6
Money is relative to where you live, not geographically/historically.
EndearinglyAwkward
Where you live is geographical...
heartlessninja6
It’s about nonsense comparisons. “You live better than the Mesopotamians so don’t complain!” Or “1st World ppl r dumb, we live on $1 a day!”
METROlD
McDonald's is expensive when you're abroad. Source? Every country I visit I make a point of getting a big Mac.
Snotty128
I used to do the same, but now I regret all the potentially interesting meals I missed while abroad. (The kfc in Nice was crap, btw)
Insomnia297
Don't go to Laos, then.
Karatea
Getting Maccas is almost as expensive as a proper burger shop. Might as well get a real burger. (Australia) except, only Mac is 24 hours.
Einer
Check the Big Mac index.
METROlD
?
METROlD
Ok. Yeah, they are cheap or more expensive when you travel. But I am looking for quality and experience. Peru does Big Max's the best.
whatseventhepointt
For the slop that it is, fast food is expensive here now.
METROlD
Big Macs in Peru are actually clean as fuck. They're the best out there.
METROlD
And they cost like a weeks salary for the people out in the country.
tlamstrike
Yea but I don't live in Sri Lanka, I might live down the street from that billionaire.
megatots
Machan!!!
shuttlecockinakumquat
Yo yo yo, this is MC Donald. Nevermind...I should have left this for someone else...
gaaaaalavant
https://www.smbc-comics.com/comic/2011-07-22
MuayThaiwinLannister
Truly. Perspective.
factcheckmate
Sri Lanka is not bad and McDonalds is not as expensive as you think
TerrenceMorgan
As a SriLankan hmm I half heartedly agree
factcheckmate
Ok correction, not bad enough for someone to live a week for $1 USD
TerrenceMorgan
Im not concerned about the money. It's their government and all the war crimes
becauseracevan
Yes and you can buy a 10 GB weekly prepaid 4G data for $1.50 and most meals are less than $6 including drink
SciNZ
Do billionaires live in a different country to the rest of us where basic survival items cost dramatically more? No. No they do not.
Steeltalon
Envy is the cornerstone of socialism. The foundation that everything else is built on.
Maccabi
Greed is the cornerstone of capitalism.
Steeltalon
If that's true, why do so many socialists want other people's things?
Oddmonster
The cornerstone of socialisme is "Together we are stronger". Sorta like Jesus said - help your neighbour and all that.
ProximaCentaur
No! anything to do with providing services to its citizens is obviously commie and made by the devil. American christians know money is king
[deleted]
[deleted]
Steeltalon
So tell me, who does Jeff Bezos, or Elon Musk envy?
[deleted]
[deleted]
Steeltalon
They don't deserve it, I do. Is the cornerstone of socialism.
[deleted]
[deleted]
Steeltalon
And you only want what they earned, for free.
TerrenceMorgan
As a Sri Lankan, I agree with you, but I never want to live there
abitskeptical
I don't know why you guys are talking about Sri Lanka like it's poor
longlegsam
it is poor
TerrenceMorgan
It's not the poor I'm talking, it's their government
longlegsam
they have a gdp per capita of 4065 usd
abitskeptical
That's not a good indicator if you're trying to prove them poor
longlegsam
It is a pretty good one when you consider they have a gini of 39.8
TerrenceMorgan
I don't think poor is the only qualifier
Donvah
I'm confused by the wording. Do you mean paid like to get food? Or paid as employee? Because employees last about a week with their checks
nevernoped
He means the money you’d spend on a fast food meal would go much further in a worse off country
AdmJota
I think they meant "paid to McDonald's", not "by".
LastStryker
"A person in Sri Lanka could eat for a week using the money you paid to buy a single meal at McDonalds."
Thisbefluff
Ahhhh, thanks
purgethefilthyheretics
In Europe, or at least Sweden, we get paid by the month. You’d have to incredibly poor with money to make that last a week. At least fulltim
Smittywerbenjagermenjenson
In the us most jobs that arent salary pay weekly or biweekly
whatseventhepointt
Even Salary jobs are commonly enough bi-weekly I think.
purgethefilthyheretics
e
Wyvern98
F
GhostC1pher
G
Ensano
5$ goes a long way in other places.
tronicles
I’m confused by the wording too. Imgur After Hours fuckin me up good. Time to take a break
idontcareifthesundontshine
I'm pretty sure they meant for
orzhvopatriarch
That someone else is getting screwed harder doesn't make being screwed ok, we should try to make it better for everyone
GatDangHippies
Imagine being the person that down votes wanting to help everyone out of poverty. jfc
varkrath
Imagine being the person who thinks through their thoughts
GatDangHippies
Got some bitter, selfish people, then. There's a thought for you.
Mondvogel
everyone wants to make things better, we just fundamentally disagree on the means to do so
jasonhorsleyphone6
Said the billionaire
Thepumpernickelpickle
*said the millionaire who thinks he's being screwed by the billionaire.
psychologisttheologist
Ah, but if everyone doubles their wealth, the richer people end up gaining more dollars and the income gap grows. Imgur hates that.
ProximaCentaur
The imaginary pie got bigger. Who cares if a handful of people get 95%. You still got a little more today. Be happy worm.
psychologisttheologist
You mock that position, but other people being better off than I really doesn't hurt me if I'm well enough off. They didn't take pie from me
ProximaCentaur
Its not about other people being better off. Its about people putting their heads in the sand because it's easier.
psychologisttheologist
Further, if they are the reason the pie got bigger (by inventing some product or service I'm happy to buy), let them enjoy more of it.
Mondvogel
no but it shows the hypocrisy of people wanting someone elses money while unwilling to give themselves. poverty and wealth are very relative
Oddmonster
They are not unwilling to give - they are unable. The rich on the other hand are able, but unwilling.
Mondvogel
most people in the US would be able to give a $ a day, which can feed a child for that day in a third world county.
Oddmonster
Most people in America DO give more then a dollar - they pay their taxes. Unlike the rich.