The way someone with $100,000,000 would perceive $1000 is how someone with $100,000 would perceive $1.
Back in the day, a local New York City humor magazine decided to find the cheapest rich person in New York.
They set up a bank account and mailed a bunch of rich people a check for about $2.50. Half didn’t bother to cash it, and were eliminated.
They kept lowering the amount, until it was 13 cents. Only Donald Trump and an arms dealer cashed a check worth a dime and three pennies.
They should have kept going until the arms dealer stopped cashing checks.
A banana still costs $10 for everyone
Where tf do you live that a banana is $10?
It’s a pretty famous joke from the old show ‘Arrested Development.’ A rich matron asks ‘how much can a banana cost? $10?’
I’m bracing for all the memes when bananas actually cost ten bucks soon.
In my own world.
Here is an alternative Piped link(s):
It’s one banana, how much could it cost?
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Whoosh?
I guess so lmao
Oh also: https://xkcd.com/2892/
They probably live in the Bananas Stand.
There’s always money in the Banana Stand.
Except that’s only how it works mathematically, not in practice due to human nature. Perceived value of money would be something really interesting to study as there’s just so many variables of which wealth is one, but I’m not even sure it’s the most important when compared to upbringinging, source of money (do you work for it, even if you’re overpaid, vs winning the lottery/being a parasite like selling mineral rights or buying properties and getting a management company you’re not involved in to rent them out etc.) and others
A universal basic income to the ultra wealthy would be perceived by them as being given a couple pennies every month
A couple pennies…
0.02 * 336,000,000 = 6,720,000 a month. There are not that many “Ultra wealthy” individuals who could sustain that for any significant amount of time. $80,640,000 a year.
The top 25 richest according to wikipedia range from 30.7 - 251 billion as of September 2023.
I don’t think that’s going to feel like “a couple pennies”… Especially since the ask is actually $1000 a month.So $336,000,000,000 per month… or $4,032,000,000,000 per year. Or about double all top 25 put together ($2,045,700,000,000). Source on net worth.
Strictly taking from the rich to create UBI will not work. UBI in general will devalue the dollar to nothing on the global market since the only way to do it is to print $$$ at an enormous scale. And we can validate this by looking at the COVID stimulus money. $1,800,000,000,000 of the $5 trillion went to individuals and families. Which was ~3200 for each adult? So about 3 months worth of UBI proposed? Which is about half of what I would expect given the numbers… And after COVID we all see rampant inflation, making everything worse off overall!
$1000 to someone with $100,000 is like $1,000,000 to someone with $100,000,000. To make your point you’d have to do it backwards: $1000 to someone with $100,000,000 is like $1 to someone with $100,000.
The way someone with $100,000,000 would perceive $1000 is how someone with $100,000 would perceive $1.
Yea, I rewrote it in a way that makes more sense.
Can we keep this kind of political rhetoric off of shower thoughts please?
Not sure when poor people being able to survive had become politics, but you do you
You are literally extracting the political token of why universal basic income is helpful, and then claiming that it’s “not political”…?
When it involves terms like “universal basic income” it becomes political.
I just don’t like seeing left propaganda all over Lemmy. If you want to create community fine as I believe in free speech but don’t pollute other communities with your beliefs. I’ve noticed that Lemmy has gotten a less political overall but I still have noticed bad moderators for time to time.
“left propaganda” BAHAHAHA that’s like complaining about seeing people using science in their daily lives or talking about science and calling it science propoganda
being right-wing is inherently irrational and anti-science, there is no room to complain about “left propoganda” especially when UBI isn’t even inherently leftist, UBI still exists solely to prop up a broken capitalist system making it live on the right of the political spectrum. left propaganda would be advocating for socialism or something, this is just advocating for welfare capitalism (which has been proven to be far better for the populace than other forms of capitalism in use).
this post doesn’t even state an opinion on UBI though, so it’s weird that you took it as “propoganda”, or even “political”. it’s literally just proportions. it’s really hard to take someone who’s saying “the objective truth is just political propaganda” seriously.
That would have been one of my points too, how can you claim UBI is leftist when ideally you wouldn’t need it under a working left-wing system in the first place. I’m not very knowledgeable about politics, but “this is leftist propaganda” isn’t it, chief
Did you mean: $1000 to someone with 100M in their bank is like $1 to someone with 100k?
You got it backwards of course
