Pretend the $20 million is guaranteed, and if anything will increase slightly over time.
What problems could be significantly improved for $20 million?
(I am dreaming of winning the $1.55 billion Powerball drawling. Then taking the lumpsum, posting taxes, investing, and spending 4% each and every year. I understand that the actual may be more, or less than the started amount.)
I would get a really nice house with a big fancy kitchen and then continue being a hermit, except I’d do a lot more drugs
So just a typical lottery winner.
Sure. I never claimed to be special or anything.
- UBI for people who are currently unhoused. This is proven to increase the economic prosperity of the entire region, leads to better outcomes than shelters, and is cheaper than current homelessness support systems.
- Buy medical debt. You can clear someone’s $150,000 debt for like $200.
Buy medical debt. You can clear someone’s $150,000 debt for like $200.
How do you do this?
Great idea. Some cities are doing this now. I feel once it becomes widespread, it will be gamed and prices will increase.
That’s why it’s a stepping stone to actual UBI. The U means you can’t game it. Give billionaires $10,000/yr too. Then tax the shit out of carbon to pay for it.
That is a fantastic idea. America has such a terrible health system
$20 million is a lot, but not an infinite amount. As the cash flow is close to guaranteed, one could get into long term projects and hire staff.
Paying total compensation of $100K, one could hope ~200 people. No money left for offices though.
I would consider increasing the local standard of living by buying a few minimum wage type businesses and over paying a little, ~5%. I would hope that this causes an employee shortage and increases wages. Continue raising wages at a rate the other businesses can keep up with. My reasoning is that I can only hire so many people, but increasing the prevalent wages will benefit far more people.
I also think I could open a at-cost medical clinic. I don’t know what that would cost, but I bet someone will tell me really quickly once I have the money.
I don’t think I would have the money to:
- Set up a new bus system.
- Setup district heating for a town
I feel like I am playing “small ball” and not grasping the opportunities.
Id like to buy some properties and rent them out super cheap to those in need. Cheap not free so that its a bit more sustainable in the long term and the money would go back into the properties. Id also like to do a thing where once a year the tenants get to skip a month of rent or so
Really great idea. Funds don’t last of marginal costs aren’t covered.
How I always imagined it was I would live a nice middle class life with no worries for bills and shit. Then with the rest of the 19.7 million or so I would run a non-profit charity for people in locations that are unable to receive potentially life saving medications or treatments. Think abortions in the US as a major one, I’d want to help women get to a state they can safely get an abortion and then help them protect that info. Abortion bans are a classist issue, rich won’t be affected and they’re the ones who generally vote for this shit. But yeah that’s my dream, eventually I’d hope to get enough funding or money to expand that to a world wide endeavor with my own hospitals setup in regions where I can offer help the best and guarantee info protection.
Oh and I’d take a lesson from the fediverse and make my funding and how it’s used be free for viewing and pretty much presented first so people can trust my charity.
After taking care of myself, friends and family, and what not I would start acquiring land that I would donate to my community for affordable housing and other community projects with the condition that I get to name everything built on it. All streets, schools, libraries, etc will be named by me.
$19,999,950 worth of cocaine
Two $25 sex workers
Where are you finding $25 sex workers in this economy? If you could supply names and phone numbers, it would help.
Davenport, Iowa. And the $25 ones are considered high class.
OP’s mom
$24.95 for OP’s mom, $0.05 for your mom
Well, since I don’t need a lot in life, I‘d keep a mil to invest and mostly live off the dividends. Maybe two if everything sucks.
The rest goes to educating youth. It’s literally the key to curing cancer, colonizing mars and eradicating inequality and fascism.
Have a good day.
I would identify people in need that are renting a home and taking good care of it. Then I would buy the home and sell it to them for $1.
Quit my job
Pay off and renovate my house.
Buy a new car, something nice but not over the top.
Set up services for my neighborhood to drag the people round me out of poverty and ensure every kid gets the chance to get a good education.
Ensure all housing in my neighborhood is up to code and in good shape/safe to be lived in.
Pay off the debt of every person in my neighborhood, prioritizing medical and student debt.
Buy the people I love the things they need, set up trusts for their kids, pay off their debt, help them financially without enabling them into their bad habits.
Feels like that should probably reach $20m fairly quickly.
Become a landlord that makes housing actually accessible driving down prices and providing safe places for people in my neighborhood to live.
Whilst I am very anti landlord, that last point is interesting.
Say, if someone had enough money to buy out thousands of houses and made them cheapest around, undercutting everyone, then sold them to the occupants if they wanted to buy… Would that somehow fix the renting crisis we’re in today?
I’m also anti-landlord, because of how the system is built. But if someone was independently wealthy and approached it as a philanthropic endeavor it could be different and solve the housing crisis for at least some. I wouldn’t be in it to make money, I’d be in it to give people that need somewhere to live a place that they can afford. And yes, eventually buy if they want to, though not everyone with limited income can afford the up front costs associated with owning (like when an appliance breaks, or there’s another problem with the building) so I understand why some wouldn’t want to. But if I had the means to take a loss on it, and did, it feels very different than the capitalist landlord squeezing tenants to make their salary.
Quit work and take lighter loads in school.
Buy a nice house in Maine right on the water.
Buy a supercar, and all the motorcycles I could ever want.
Go on crazy adventures like an Appalachian trail thru-hike.
All this would be less than 10% of my yearly income. The other 90% would go to charity, helping the homeless and bolstering free and open source software.
Came here to agree with charity to FOSS
All mine and my family debts paid. Immediate and extended. Friends too. Then a life of leisure followed by paying the debts of the strangers I meet along the way.
Bloody helfire. If I had $1,000,000 I would never have to work or worry about money again. I can’t even comprehend 20 million.
So I guess I’d take 1 million, and then stuff the rest in some charity trust thing that could help my local community.
I’d give most of it away to charity and use the rest to keep my family comfortable for the foreseeable future.
Probably give milion to someone that really needs it in person and to see how they react.
Money is just such an overrated thing to pursue. Sure you can try to drown your worries in it, try to escape but the happiness is always inside
