4 ms·

> what's the difference between sitting on say $500MM in cash, and $800MM? At least $15M a year over most 3 year horizons, or the insane compounding effect of

> what's the difference between sitting on say $500MM in cash, and $800MM? At least $15M a year over most 3 year horizons, or the insane compounding effect of $300M invested over the long haul. Your question makes sense from a "normal" perspective, but doesn't once you're UHNW [0]. > It's either way going to be more money than you'll ever be able to spend. Not even close. At UHNW levels there are whole classes of things to "spend" on that ramp pretty quickly into 8, 9, 10+ figure values. Influence, power, status, prestige, legacy, ideology, politics, rinse, repeat. And the UHNW "brackets" are a real thing (you're either in the tres commas club or you're not, etc). Sure, pay your taxes. But once you crack these numbers there are entire industries dedicated to helping you work the system, and it's unfortunately pretty workable (because there are substantial interests lobbying to make/keep it so). [0] - https://en.wikipedia.org/wiki/Ultra_high-net-worth_individual https://en.wikipedia.org/wiki/Ultra_high-net-worth_individua...

coldtea 4y ago
>At least $15M a year over most 3 year horizons, or the insane compounding effect of $300M invested over the long haul. How about the insane compounding effect of a better funded society, through less multi-mill/billionaire tax avoidance? >Your question makes sense from a "normal" perspective, but doesn't once you're UHNW Or rather, it makes sense from a normal (non quotes) perspective, but not from the point of a power hungry sociopath.
- pas 4y ago
  well, what's the ROI (or fiscal multiplier in econ speak) of spending 300M on housing vouchers but not building more houses? or founding more border patrols instead of local police? or funding local police, which then spends it on legal fees to fight against releasing body cam footage? also note, that I'm not saying the people who optimize away their taxes spend it better (yachts! country clubs in the middle of the desert!)
  - throwaway0a5e 4y ago
    There's a reason that every stupidly wealthy person who wants to throw their resources toward some goal either funds or starts a charity for the specific mission.
- chii 4y ago
  > insane compounding effect of a better funded society this "compounding" is not captured by the private individual, where as the compounding from the saved taxes is.
- presentation 4y ago
  That's dependent on believing that your government spends money effectively.
TomSwirly 4y ago
I agree. "UHNW" people are crazy, evil and dangerous. There is no amount of stuff that will ever satisfy them. They will consume, and cheat on taxes, obsessively - until our natural world is destroyed. It has come down to us vs. them. We didn't start this fight, but we are going to have to finish it.
- AnIdiotOnTheNet 4y ago
  You've got this class of people telling the rest of us we can't have decent affordable healthcare of places to live while they consume our entire life's salaries worth of resources on luxury items. Society simply can't afford people like this.

coldtea 4y ago

>At least $15M a year over most 3 year horizons, or the insane compounding effect of $300M invested over the long haul. How about the insane compounding effect of a better funded society, through less multi-mill/billionaire tax avoidance? >Your question makes sense from a "normal" perspective, but doesn't once you're UHNW Or rather, it makes sense from a normal (non quotes) perspective, but not from the point of a power hungry sociopath.

pas 4y ago
well, what's the ROI (or fiscal multiplier in econ speak) of spending 300M on housing vouchers but not building more houses? or founding more border patrols instead of local police? or funding local police, which then spends it on legal fees to fight against releasing body cam footage? also note, that I'm not saying the people who optimize away their taxes spend it better (yachts! country clubs in the middle of the desert!)
- throwaway0a5e 4y ago
  There's a reason that every stupidly wealthy person who wants to throw their resources toward some goal either funds or starts a charity for the specific mission.
chii 4y ago
> insane compounding effect of a better funded society this "compounding" is not captured by the private individual, where as the compounding from the saved taxes is.
presentation 4y ago
That's dependent on believing that your government spends money effectively.

TomSwirly 4y ago

I agree. "UHNW" people are crazy, evil and dangerous. There is no amount of stuff that will ever satisfy them. They will consume, and cheat on taxes, obsessively - until our natural world is destroyed. It has come down to us vs. them. We didn't start this fight, but we are going to have to finish it.

AnIdiotOnTheNet 4y ago
You've got this class of people telling the rest of us we can't have decent affordable healthcare of places to live while they consume our entire life's salaries worth of resources on luxury items. Society simply can't afford people like this.