[ SECRET POST #6761 ]

[case]

⌈ Secret Post #6761 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.


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Notes:

Secrets Left to Post: 01 pages, 06 secrets from Secret Submission Post #965.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Comments

[(Anonymous)]

+1
If I woke up tomorrow as a billionaire I wouldn’t behave the same way as Taylor or any other billionaire. Because I didn’t start from a position of extreme privilege. Would I buy myself some nice things? Yeah. I’d buy a house and I’d buy one for each of my parents, too. And the boys home my county maintains would have a new trust established that made sure employees earned competitive wages so the jobs would be filled good people, skilled workers who aren’t there just to have easy access to kids. Every county is my state would have such a trust for a boys home and a girls home. Law firms like the one Philstarr works at would receive huge donations. Every state college in the country would have a new scholarship for 25 kids a year for the next 100 years. Id also personally sponsor 500 trade school students every term and provide each with a vehicle. At least 150 of those students would be recruited from halfway houses/probationary programs. I’d also put the money towards political candidates based on platforms of expanding social programs and securing civil rights. I would do so, so much. Because I know how life changing even $20 is and I want to make changes to so many things, the things people have long been saying we need.

[(Anonymous)]

How would you go about doing this? Would you sell the stocks, bonds, and property holdings that make you a billionaire, or would you do what billionaires do and take out loans against your assets to fund all these projects?

Because the fact is if you woke up a billionaire tomorrow, you wouldn't just have a bank account full of cash that you could draw on at any time. The vast majority of your money would not be liquid. It's actually hard to keep lots of cash in a bank account, because it's not insured over a certain amount and it becomes expensive for the bank, oddly enough. So, every time you wanted to do any of those things, you couldn't just make a withdrawal. You'd have to go about it a different way. Selling property isn't so bad, but keep in mind that if you sell too many stocks and bonds at once, it winds up hurting regular people, because it can damage the companies whose stock you've sold, and it can create inflation. Talking loans will be your best bet most of the time, but it'll also mean that you're engaging in one of the abusive practices of billionaires, the one that keeps them from having to pay taxes (but even if you didn't do that, your taxes would be lower than the average person's anyway, because you probably wouldn't be collecting much of a wage at that level. Billionaires don't have salaries, or if they do it's nominal. Bezos actually fucking qualifies for childcare credits because his wages are so low!).

[(Anonymous)]

Sure, you say that. But in reality, you wouldn't, because no one actually does.

Everyone loves to claim that if they got rich, they'd give most of that money away. But in reality? People come up with some sort of reason why they deserve it, or why they need it, or why they just can't possibly give it up. No one actually makes good on those claims.