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.)
Start a charity foundation, but pay poor people in your community to lead it, instead of local millionaires.
Oh dang, that’s a good idea!
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.
If I came into an unspendable amount of cash, I would make it my full time job to research things to donate to. Charities, or any charitable organizations, medical research, housing the homeless, feeding/infrastructure/sanitation for poor countries, open source projects, etc. But I don’t want to donate to just anyone. I don’t want to donate to those shitty fake charities that use their donations to line the pockets of their top people. That’s why I would spend a considerabe amount of time researching these groups.
The way I see it, after I buy all the things I want, a house, a fancy car, etc. I couldn’t possibly spend more than $1M a year on my family. That gives me $19M a year to donate. I don’t really care to keep a cent more.
You are probably spot-on. While I am able to do some things, a charity that is already doing things will likely be better at it.
$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.
- 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
I’d donate a quarter for 4 years to my city to create a biking network, with some smaller portion donated after the 4 years for maintenance.
I’d almost certainly help the local schools get up to date teaching materials and try to supplement their income by literally just gifting them money. There’s only around 1000 teachers in my city, so it wouldn’t be too hard to do that.
Obviously myself a senator and representative.
Then idk. Get a personal chef and personal trainer?
Giving to the teachers is great. I had looked up my school system’s budget and got discouraged, but a few 10’s of thousands each as gifts to the teachers and staff is more affordable.
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.
Aight, but you have to give us some examples of names.
Treadful Regional Hospital
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
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.
Donate to some privacy related projects like grapheneos and signal
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.
I’d go to universities all over the world and ask teachers and students to show me their projects and ideas to help society. There are some incredibly smart people out there that could change the world if we helped them.
Pay off my debt, buy a modest home, go back to school, never work a shit job for minimum wage ever again.
But I don’t need anywhere near 20,000,000 dollars a year to do that.
After some large donations to communist organizations, I’d put the remaining few million per year into buying commercial slots on every major TV network in the US. Then I’d create Jury Nullification PSAs and blast them over the airways continuously until the message sinks in universally that juries are under no obligation at all to respect the laws currently grinding marginalized people into dust.
It’s honestly enough money to start a worker coop too. I would also love to have like 20 different companies all spinning around and changing names giving every employee crazy titles. Ah yes, you are a manager and if anyone asks you’ve been here 5 years and were amazing, sad to lose you.
That’s such a great idea that I’m sure anyone who did this would end up charged with some type of fraud, unfortunately
I was gonna say, take my boyfriend to fine dining restaurants and fun shows every week, but even assuming we took a $400 each way flight and stayed at a $500 hotel and paid $200 a plate and $75 a show, that still comes out to just $150,000 a year.
Those are def rookie numbers for the flights, hotels, dinners, and shows. X20 those and you’re in millionaire spending territory.
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.
